INX SECURITIES, LLC (“INX SECURITIES”) PLATFORM FUNDS AVAILABILITY DISCLOSURE

All cash balances reflected in a User’s Trading Wallet (“Trading Wallet”) on the INX Securities platform are held by INX Transfer Agent, LLC (“INXT”). By opening and utilizing a Trading Wallet, you are authorizing your funds to be held in an omnibus account at INXT. INXT itself is NOT a bank and does not provide digital currency or conversion services. INXT solely provides cash management services for the Trading Wallet. INX Securities does not hold any User funds. All decisions and directions to purchase, sell, deposit and/or withdraw from a User’s Trading Wallet are solely the User’s decision. The User is solely responsible for ensuring that funds are available to cover all trading activity. The User understands it is using the INX Securities platform as a means to send directions to INXT if there is a matched transaction and that INX Securities has no control over a User’s Trading Wallet at INXT. The United States dollar is the only currency used by INXT and the INX Securities platform. See below for discussion of ETH and USDC.

DEPOSITS

Generally, electronic direct deposits are available on the same US business day that the deposit is received into your Trading Wallet with INXT; however external User banks generally take between 1-3 business days from the funds transfer request date to get external funds to INXT. ACH service is not available to non-US Users, who may fund their INXT Trading Wallet via SWIFT wire or ETH/USDC conversion. Until deposited funds appear in a User’s Trading Wallet, they are not available for trading activity. User USD funds deposited at SBC before 4:00 pm ET on a US business day are typically considered to be deposited that day, however, Users are cautioned that is not always the case, and that the date SBC receives a deposit is not always the same day the User can use the deposit for trading (i.e., funds may not always be available in a User’s Trading Wallet the same day a deposit is made). INX Securities is not responsible for funds availability delays at INXT. INX Securities is not responsible for the availability or processing times of the funds being requested from another bank or entity as directed by the User.

Longer delays may apply. In some cases, INXT may not make some or all of the deposited funds available on the same business day of the deposit. Depending on the type and/or dollar amount of the deposit, funds may not be available until a later date. In addition, funds Users deposit electronically or otherwise may be delayed for a longer period of time under the following circumstances:

• When INX Securities believes a transfer will be returned or not honored by the account holder.
• A User’s account has previously received item returns or chargebacks.
• There are unforeseen circumstances or other technical difficulties, such as processing or communications systems failures.
• When an account has been open for less than 30 days and wire or ACH transfers to the account are delayed.

WITHDRAWALS

All withdrawals are subject to the same deposit restrictions noted above. As such, a User may not be able to withdraw funds the same business day it made the withdrawal request. USD withdrawal requests made during the time a Partner Financial Institution is open for business are generally executed on the same day, however, delays may apply. Each Partner Financial Institution’s business hours, found at at synapsefi.com/legal, may differ from the INX Securities trading hours. External User banks generally take between 1-3 business days from the request date to post funds transfers from INXT. INX Securities is not responsible for funds availability or processing delays at INXT.

ETH and USDC DEPOSITS and WITHDRAWALS

ETH and USDC conversions to USD deposits in Trading Wallets are executed by an affiliated third-party provider. Withdrawal and deposit USD conversions to/from ETH and/or USDC conversions to USD are not instant and are only available when they are processed ETH/USDC conversion requests typically take less than 3 business days to complete and may take longer. Withdrawal conversions to ETH or USDC can only be sent to a User’s Metamask wallet.

An affiliated third-party provider executes ETH>USD, USDC>USD while an unaffiliated third-party provider executes USD>ETH, USD>USDC conversions. All conversions are done at an exchange rate solely determined by the third-party providers, who may charge fees for this conversion service. Senders of ETH or USDC to the third-party may be responsible for additional network charges (gas).

IMPORTANT: ETH and USDC transactions requested by INX Securities platform Users to/from Trading Wallets are typically processed during US banking hours. ETH/USDC conversion requests typically take less than 3 business days to complete and may take longer. Any exchange rate will be the rate (as solely determined by the third-party providers) in effect when the exchange is processed, and NOT the exchange rate at the time of the User request. Given the volatile nature of ETH , the exchange rate at processing can differ substantially from the exchange rate at the time the request was made. For example, if an ETH exchange request is made on a Saturday (or any other time outside of INXT business hours), the ETH transaction typically will not be processed until the second or third US business day following the request (i.e. Tuesday or Wednesday), and could take longer. At that time, the third-party provider responsible for the conversion will receive and process the request. The applicable exchange rate will be the exchange rate at the time of processing and NOT the exchange rate at the time of the request. INX Securities is not responsible for the ETH/USDC conversion processing times.