Common use of Trust Interests Clause in Contracts

Trust Interests. (a) The interests of the CKX Stockholders as beneficiaries of the Trust (the “Trust Interests”) have been created pursuant to this Agreement. (b) The Trust Interests shall not be represented by any certificates and shall inure to the benefits of the CKX Stockholders and their successors and assigns. (c) The CKX Stockholders shall not have any right to participate in the management of the Trust. (d) Under no circumstances shall the CKX Stockholders be entitled to any shares of FX Luxury Stock prior to the declaration of effectiveness of a registration statement for such shares.

Trust Interests. (a) The interests of the CKX Stockholders as beneficiaries of the Trust (the “Trust Interests”) have been created pursuant to this Agreement. (b) The Trust Interests shall not be represented by any certificates and shall inure to the benefits benefit of the CKX Stockholders and their successors and assigns. (c) The CKX Stockholders shall not have any right to participate in the management of the Trust. (d) Under no circumstances shall the CKX Stockholders be entitled to any shares of FX Luxury FXREE Stock prior to the declaration of effectiveness of a registration statement for such shares.