Replies to post #13322 on Ideanomics Inc (IDEX)

[Penny chatter]

 

Amendment No. 10 to Secured Convertible Promissory Note

 

On November 2, 2022 (the “Effective Date”), Ideanomics, Inc. (the “Lender” or “Company”) and Via Motors International, Inc. (the “Borrower”) entered into an amendment (the “Amendment No. 10”) to the Secured Convertible Promissory Note dated August 30, 2021, as amended (the “Secured Convertible Promissory Note”). Under the Amendment No. 10, the Borrower agreed to borrow, and the Lender agreed to advance, an additional amount of US$600,000 on the terms and conditions set forth in the Secured Convertible Promissory Note. Pursuant to the Amendment No. 10, the principal sum payable under the Secured Convertible Promissory Note shall be US$59,818,111 and simple interest on US$600,000 shall accrue from the Effective Date, till the maturity date at the rate of 4% per annum.

 

Any amounts advanced pursuant to the Amendment No. 10 shall be deducted from the purchase price contemplated by that that certain Agreement and Plan of Merger dated August 30, 2021, as amended.