Common use of Voting Power; Dividends Clause in Contracts

Voting Power; Dividends. Unless and until an Event of Default pursuant to the terms of the Note and/or this Pledge Agreement shall have occurred, Pledgor shall be entitled to exercise all voting powers in all corporate matters pertaining to the Collateral for any purpose not inconsistent with, or in violation of, the provisions of the Note and/or this Pledge Agreement. Any cash dividends and cash distributions of any kind made with respect to the Collateral shall be made in compliance with the Note and/or this Pledge Agreement and shall be applied to reduce the Obligations. Pledgor shall have no right to vote the Collateral in favor of an increase in the capitalization of JBO, Inc. without the prior written consent of Pledgee. Following an Event of Default (as defined below), Pledgee shall have all voting and dividend rights in the Collateral, and for this purpose this Pledge Agreement shall constitute an irrevocable and non-expiring proxy coupled with an interest in the Securities.