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Inx Ltd – IPO: ‘F-1’ on 8/19/19 – ‘EX-4.4’

On:  Monday, 8/19/19, at 4:16pm ET   ·   Accession #:  1213900-19-16285   ·   File #:  333-233363

Previous ‘F-1’:  None   ·   Next:  ‘F-1/A’ on 9/26/19   ·   Latest:  ‘F-1/A’ on 8/20/20   ·   22 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/19/19  Inx Ltd                           F-1                   37:4.5M                                   Edgar Agents LLC/FA

Initial Public Offering (IPO):  Registration Statement by a Foreign Issuer   —   Form F-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-1         Registration Statement by a Foreign Issuer          HTML   1.15M 
 2: EX-3.1      Memorandum of Association of the Company            HTML     15K 
 3: EX-3.2      Second Amended and Restated Articles of             HTML    207K 
                Association of the Company, as Currently in Effect               
 4: EX-4.1      Form of Inx Token Purchase Agreement                HTML    120K 
 5: EX-4.2      Form of Waiver and Subordination Undertaking        HTML     28K 
 6: EX-4.3      Smart Contract                                      HTML     47K 
 7: EX-4.4      Inx Smart Contract Description V.2.2, Dated July    HTML     31K 
                7, 2019                                                          
 8: EX-10.1     Founders' Agreement Dated September 1, 2017,        HTML     42K 
                Between Triple-V (1999) Ltd. and A-Labs Finance                  
                and Advisory Ltd.                                                
17: EX-10.10    Amended and Restated Executive Services Agreement   HTML     38K 
                Dated June 25, 2018 Among Fidelis LLC, Inx Limited               
                and Inx Services, Inc.                                           
18: EX-10.11    Amended and Restated Consultancy Agreement Dated    HTML     59K 
                June 25, 2018 Between Ms. Maia Naor and Inx                      
                Limited                                                          
19: EX-10.12    Services Agreement Dated May 1, 2018 Between        HTML     40K 
                Shiran Communications Ltd. and Inx Limited                       
20: EX-10.13    Amended and Restated Consultancy Agreement Dated    HTML     53K 
                June 25, 2018 Between Mr. Jonathan Azeroual and                  
                Inx Limited                                                      
21: EX-10.14    Amended and Restated Executive Employment           HTML     86K 
                Agreement Dated June 25, 2018 Between Mr. Alan                   
                Silbert and Inx Services Inc                                     
22: EX-10.15    Services Agreement Dated March 8, 2018 Between      HTML     34K 
                Bentley Limited and Inx Limited                                  
23: EX-10.16    Amendment to Services Agreement Dated September 6,  HTML     19K 
                2018 Between Bentley Limited and Inx Limited                     
24: EX-10.17    Second Amendment to Services Agreement Dated        HTML     19K 
                November 30, 2018 Between Bentley Limited and Inx                
                Limited                                                          
25: EX-10.18    Amended and Restated Letter of Invitation Dated     HTML     31K 
                June 25, 2018 Between Mr. David Weild and Inx                    
                Limited                                                          
26: EX-10.19    Loan Agreement Dated November 27, 2017 Between Ms.  HTML     28K 
                Maia Naor and Inx Limited                                        
 9: EX-10.2     Addendum to Founders' Agreement Dated September     HTML     18K 
                27, 2017 Between Triple-V (1999) Ltd. and A-Labs                 
                Finance and Advisory Ltd.                                        
27: EX-10.20    Loan Agreement Dated November 27, 2017 Between Ms.  HTML     28K 
                Ayelet Horn and Inx Limited                                      
28: EX-10.21    Loan Agreement Dated November 27, 2017 Between Mr.  HTML     29K 
                Yaniv Segev and Inx Limited                                      
29: EX-10.22    Letter of Invitation Dated July 10, 2018 Mr.        HTML     28K 
                Nicholas Thadaney and Inx Limited                                
30: EX-10.23    Letter of Invitation Dated August 20, 2018 Mr.      HTML     27K 
                Haim Ashar and Inx Limited                                       
31: EX-10.24    Letter of Invitation Dated September 21, 2018 Mr.   HTML     27K 
                Thomas Lewis and Inx Limited                                     
32: EX-10.25    Form of Custodial Services Agreement Between Inx    HTML    137K 
                Digital Inc. and Bitgo Trust Company                             
33: EX-10.26    Form of Subscription Escrow Agreement Between Inx   HTML     57K 
                Limited and Metropolitan Commercial Bank, as                     
                Escrow Agent                                                     
34: EX-10.27    Simple Agreement for Future Equity, Dated April     HTML     39K 
                25, 2019, Between Shy Datika and Inx Limited                     
35: EX-10.28    Simple Agreement for Future Equity, Dated April     HTML     38K 
                25, 2019, Between A-Labs Finance and Advisory Ltd.               
                and Inx Limited                                                  
10: EX-10.3     Addendum 2 to Founders' Agreement Dated December    HTML     20K 
                31, 2017 Between Triple-V (1999) Ltd. and A-Labs                 
                Finance and Advisory Ltd.                                        
11: EX-10.4     Amended and Restated Consultancy Agreement Dated    HTML     54K 
                June 25, 2018 Between Triple-V (1999) Ltd. and Inx               
                Limited                                                          
12: EX-10.5     Financial Services Agreement Dated December 26,     HTML     25K 
                2017 Between Insight Finance Ltd. and Inx Limited                
13: EX-10.6     Second Amended and Restated Engagement Agreement    HTML     72K 
                Dated December 31, 2017 Between A-Labs Finance and               
                Advisory Ltd. and Inx Limited                                    
14: EX-10.7     Amendment to the Second Amended and Restated        HTML     23K 
                Engagement Agreement Dated January 31, 2018,                     
                Between A-Labs Finance and Advisory Ltd. and Inx                 
                Limited                                                          
15: EX-10.8     Amended and Restated Software Services Agreement    HTML    134K 
                Dated May 9, 2018, by and Between Y. Singer                      
                Technologies Ltd. (Committed) and Inx Limited                    
16: EX-10.9     Amendment to Amended and Restated Software          HTML     18K 
                Services Agreement Dated June 27, 2018, by and                   
                Between Y. Singer Technologies Ltd. (Committed)                  
                and Inx Limited                                                  
36: EX-21.1     List of Subsidiaries of the Registrant              HTML     14K 
37: EX-23.1     Consent of Kost Forer Gabbay & Kasierer,            HTML     16K 
                Independent Registered Public Accounting Firm                    


‘EX-4.4’   —   Inx Smart Contract Description V.2.2, Dated July 7, 2019


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 4.4

 

 

 

INX Smart Contract

 

Description

 

V.2.2

 

July 7, 2019

 

 C: 

 C: 1

 

 

 

 

Introduction

 

“Smart contracts are self-executing rules in a programmable computer language on the blockchain that are enforced by the participants of the blockchain’s network. The Ethereum blockchain is an open-source, public, blockchain-based distributed computing platform that allows for decentralized programming of applications and the use of smart contracts. Many blockchain assets are developed in accordance with the “ERC20” standard, which allows developers to program them to include smart contracts that function within the Ethereum ecosystem.

 

The INX Token is an ERC20 smart contract. Material features of the INX Token included in the source code are the following:

 

  1. Designation and Number of Tokens. The INX Tokens of INX Limited (the “Company”) shall be designated as “INX Tokens.” The number of authorized INX Tokens is 200,000,000. The technical limits on the fractional division of INX Tokens is to eighteen decimal places (0.000000000000000001). The INX Token is an ERC20 blockchain asset that is programmed using a smart contract written in Solidity that is compatible with the Ethereum blockchain. The ERC-20 standard is a technical standard used for smart contracts on the Ethereum blockchain so that tokens can be transferred to a digital wallet.
     
  2. 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.
     
  3. The “Whitelist Database” is a database stored on the data section of the INX Token smart contract. The purpose of the Whitelist Database is to validate decentralized transfers of the INX Token. The Whitelist Database contains a list of individuals and entities that have satisfied the Company’s KYC/AML compliance procedures and thus are eligible to hold INX Tokens. In order for an Ethereum wallet address to be included in the Whitelist Database, the prospective holder of record of the INX Tokens must have completed know your customer and anti-money laundering (“KYC/AML”) compliance procedures, or other similar procedures, to the satisfaction of the Company, or an agent of the Company that is expressly authorized in writing by the Company.
     
    The INX Token smart contract incorporates our Whitelist Database, which restricts the transfer of INX Tokens such that a transfer is not executed and recorded on the INX Token Distributed Ledger unless both the digital wallet addresses of the sender and receiver are listed in the Whitelist Database.
     
  4. The “INX Token distributed ledger” references the ledger of ownership of INX Tokens that is recorded on the Ethereum blockchain. The INX Token distributed ledger records the public wallet addresses of all Ethereum wallets that hold INX Tokens and the balance of INX Tokens in each wallet address. INX smart contract is an Ethereum smart-contract written and developed in solidity, and as such, it is designed and programmed to be deployed on the Ethereum public mainnet network. Being deployed on Ethereum public network, make it available to all Ethereum tools, including Etherscan and other block explorers.
     
  5. Transfer. INX Tokens may be transferred only among Ethereum wallets included in the Whitelist Database. 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 INX Token smart contract will verify that both the sender and the receiver wallet addresses are included in the Whitelist Database prior to approving or rejecting the transfer. If either the sender or receiver wallet address is not listed in the Whitelist Database, the smart contract will reject the transfer and the INX Token Distributed Ledger will not be updated.
     
  6. The INX Token smart contract incorporates a lock function, which restricts the transfer of INX Tokens to or from a specified digital wallet address for a specified time. Once the lock function is activated, INX Tokens cannot be transferred from the locked address until the lock-up period has elapsed.

 

 C: 

2

 

 

 

Main Functions

 

The following table covers the main (not all) functions of the smart contract.

 

Function Description Ref Tested
transfer

Transfer (ERC20) funds(inx) from one address to another.

-       Need to have balance

-       Value (amount) should not be locked

-       Validate should pass (0) on proxy contract (external and upgradable validation)

InxToken.sol Yes
balance Of Check the balance of an address (ERC20) and returns the value InxToken.sol Yes
update Inx Service Updating the address of the proxy contract InxToken.sol Yes
Constructor (inx token) Should receive parameter of the initial address of the proxy validation InxToken.sol Yes
lock Lock and amount and set its release time (EPOCH) for a specified address Timelock (InxToken.sol) Yes
release Immediately release amount for a specified address Timelock (InxToken.sol) Yes
check None Lock Amount

This function receives an address and an amount (usually the value for transfer) and checks if the amount is locked.

If the return value is equal or greater to the amount that was sent, then the whole amount is NOT LOCKED and can be transferred.

If the returned value is 0, that means that the WHOLE AMOUNT IS LOCKED and cannot be transferred.

Timelock (InxToken.sol) Yes

 

 C: 

3

 

 

 

check Lockup Receives address and return the locking status as an array of 2 elements, release time (EPOCH) and amount. If both are 0, then there is no locked amount for this address Timelock (InxToken.sol) Yes
set White List Enable owner to set whitelisted status (bool) for an address. A whitelisted address is a struct of boolean (the status) and a string (data). For whitelisting an address the value should be set to true. If the status is changing, the whitelisting should be set to false.  

Whitelisting

(InxToken.sol)

Yes
is WhiteListed Returns (bool) the whitelisting status of an address

Whitelisting

(InxToken.sol)

Yes
get WhiteList Data Returns the data (string) of the whitelisted address.

Whitelisting

(InxToken.sol)

Yes
check WhiteList Status Checks the whitelist status of an address

Whitelisting

(InxToken.sol)

Yes
get WhiteList Data Get the data that is set with a whitelist address Whitelisting Yes
increase Approval Increase an approved amount to spent. InxToken Yes
decrease Approval Decrease approval amount to spent. InxToken Yes
add Whitelister Adds an address that is approved for whitelisting other addresses InxToken Yes
remove Whitelister Removes an address from the addresses that are approved for whitelisting InxToken Yes

 

 

 

4

 

 


Dates Referenced Herein

This ‘F-1’ Filing    Date    Other Filings
Filed on:8/19/19None on these Dates
7/7/19
 List all Filings 


22 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/18/24  Inx Ltd.                          20-F       12/31/23  121:11M                                    EdgarAgents LLC/FA
 5/01/23  Inx Ltd.                          20-F       12/31/22  117:10M                                    EdgarAgents LLC/FA
 8/01/22  Inx Ltd.                          S-8         8/01/22    5:171K                                   EdgarAgents LLC/FA
 5/02/22  Inx Ltd.                          8-A12G                 1:18K                                    EdgarAgents LLC/FA
 5/02/22  Inx Ltd.                          20-F       12/31/21  104:10M                                    EdgarAgents LLC/FA
 5/19/21  Inx Ltd.                          20-F/A     12/31/20   56:3.3M                                   EdgarAgents LLC/FA
 4/29/21  Inx Ltd.                          20-F/A     12/31/20    5:1.2M                                   EdgarAgents LLC/FA
 4/29/21  Inx Ltd.                          20-F       12/31/20    9:2.1M                                   EdgarAgents LLC/FA
 3/30/21  Inx Ltd.                          POS AM                 6:2.7M                                   EdgarAgents LLC/FA
 9/24/20  Inx Ltd.                          POS AM                 2:2.4M                                   EdgarAgents LLC/FA
 8/20/20  Inx Ltd.                          F-1/A                  3:2.3M                                   EdgarAgents LLC/FA
 8/18/20  SEC                               UPLOAD9/18/20    2:193K Inx Ltd.
 8/12/20  Inx Ltd.                          F-1/A                  5:2.6M                                   EdgarAgents LLC/FA
 8/11/20  SEC                               UPLOAD9/18/20    2:223K Inx Ltd.
 8/03/20  Inx Ltd.                          F-1/A                  8:3.3M                                   EdgarAgents LLC/FA
 3/12/20  SEC                               UPLOAD9/18/20    2:192K Inx Ltd.
 2/06/20  SEC                               UPLOAD9/18/20    2:203K Inx Ltd.
 1/14/20  SEC                               UPLOAD9/18/20    2:210K Inx Ltd.
11/21/19  SEC                               UPLOAD9/18/20    2:195K Inx Ltd.
11/08/19  SEC                               UPLOAD9/18/20    2:201K Inx Ltd.
10/23/19  SEC                               UPLOAD9/18/20    2:179K Inx Ltd.
 9/12/19  SEC                               UPLOAD9/18/20    2:187K Inx Ltd.
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Filing Submission 0001213900-19-016285   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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