Common use of Shareholders Agreements, Shareholder Waivers, Etc Clause in Contracts

Shareholders Agreements, Shareholder Waivers, Etc. (a) There are no shareholders’ agreements, pooling agreements, voting trusts or other similar agreements with respect to the ownership or voting of any of the INX Shares other than the INX Shareholders’ Agreement. (b) Pursuant to the INX Articles, the INX Securityholder Approval provides INX the authority to execute this Agreement on behalf of the INX Shareholders upon exercise of the “Bring Along Rights” set out in Article 80D of the INX Articles. (c) 84% of the INX Shareholders (a) irrevocably subordinated their rights to receive any distributions and payments from INX prior to the payment in full by INX of all distributions owed to INX Token holders, and (b) irrevocably waived and subordinated their rights, in the event of an insolvency event of INX, to any cash held in a designated cash fund which INX had created for such purpose, as further detailed in the INX Prospectus (the “INX Shareholders Waiver”).