On November 8, 2019 and November 13, 2019, respectively, Ideanomics, Inc. (the “Company”) entered into Additional Issuance Agreements (the “Purchase Agreements”), with ID Venturas 7, LLC, an exempted company incorporated and existing under the laws of the Delaware (“ID Venturas”), pursuant to which ID Venturas invested $250,000 and 200,000, respectively, pursuant to the Purchase Agreements, respectively, and received (i) promissory notes (the “Convertible Notes”) in the amount of $250,000 and $200,000, respectively, which are senior secured and convertible at $1.00 per share of Company common stock, subject to anti-dilution adjustments; (ii) warrants (the “Warrants”) exercisable for 150% of the number of shares of common stock which the Convertible Notes are convertible into and (iii) 100,000 and 80,000 shares of common stock, respectively. The Convertible Notes are convertible into common stock, par value $0.001 per share (the “Common Stock”), at a conversion price of $1.00, subject to anti-dilution adjustments. The Convertible Notes mature on March 27, 2021, and accrue at a 10% interest rate. Pursuant to the terms of the Convertible Note, ID Venturas has anti-dilution rights which adjust the $1.00 conversion price in connection with issuances below $1.00.

In connection with the above transaction, the Company also entered into a registration rights agreement with ID Venturas (the “Registration Rights Agreement”) which grants ID Venturas demand registration rights.

The foregoing description of the Purchase Agreements, the Convertible Notes, the Warrants and the Registration Rights Agreement is not purported to be complete and is qualified in its entirety by reference to the complete text of such agreement which will be filed as an exhibit to a Form 10-K of the Company, as required.