INX Tokens definition

INX Tokens means the security tokens of INX issued pursuant to the INX Prospectus; “ITA” has the meaning given thereto in Section 6.3(f);

INX Tokens means the security tokens generated and issued by Company’s Subsidiary, INX Limited (“INX Limited”), which offered such INX Tokens to the public in the U.S. pursuant to a Form F-1 registration statement that was declared effective by the SEC on August 20, 2020 (such registration statement, together with all its exhibits and annexes, including the INX Token Purchase Agreement, shall be referred hereto as the “F-1”).

Examples of INX Tokens in a sentence

• The INX Tokens of INX Limited (the “Company”) shall be designated as “INX Tokens.” The number of authorized INX Tokens is 200,000,000.

• INX Tokens may be transferred only among Ethereum wallets included in the Whitelist Database.

• To be deemed to be a holder of record of INX Tokens, a holder must (a) register an Ethereum wallet with the Company to be included on the Whitelist Database and (b) have the public wallet address of this Ethereum wallet recorded on the “INX Token distributed ledger” as the holder INX Tokens.

• Transfers of INX Tokens will be executed by the INX Token smart contract under conditional permission that the wallet addresses of both the sender and receiver of INX Tokens are listed on the Whitelist Database.

• The holders of INX Tokens shall have no rights to receive any reports, notices and other information of the Company, except as expressly provided in this Exhibit B.

• The Company is not responsible, and shall have no liability, for any mutilated, destroyed, lost and stolen INX Tokens.

• The rights and obligations set forth in this Exhibit B are intended solely for the benefit of the holder of INX Tokens.

• Holders of INX Tokens have no right to vote or participate in the Company’s shareholder meetings or in the corporate governance of the Company.

• Holders of INX Tokens must comply with the Terms of Use for the Website.

• The INX Tokens shall be designated as “INX Tokens.” The number of authorized INX Tokens is 200,000,000 of which up to 130,000,000 are being offered for sale in the Offering.