Indo Global Exchanges Pte Ltd (IGEX)

[Shortseeker]

(c) In addition, Capitol Capital Corporation shall receive, in satisfaction and release of IGEX’s indebtedness to it, 04.63784% (calculated irrespective of the degree of the reverse stock split) of the outstanding shares, contemplated to be an issuance of 2,318,921 shares of IGEX common stock (calculated following the contemplated 1 for 12,500 reverse stock split) and also calculated following the share issuance to Sarissa shareholders; provided however, that Capitol Capital Corporation shall not be entitled to receive or to hold more than 9.99% of the outstanding shares of IGEX at any one time. Neither Capitol Capital Corporation nor his affiliates will be permitted to hold, any time, more than 9.99% of the outstanding shares of the Issuers’ common stock, consistent with Section 16(b) of the Securities Exchange Act of 1934 (the “Section 16(b) Limitation”). Accordingly, Capitol Capital Corporation shall only be entitled to receive a number of shares such that he will not exceed the Section 16(b) Limitation, with the balance of shares due only once he has sold shares or only once the Sarissa Stock Issuance is completed. The balance of the indebtedness to Capitol Capital Corporation shall be assumed by the IGEX Sub and neither the Company, nor the Nio-Star Sub shall have any further obligation for any portion of this debt.