Document:

Exhibit
10.111 

 

ADDITIONAL
ISSUANCE AGREEMENT

 

This
Additional Issuance Agreement (this “Agreement ”), dated as of December 19, 2019, is made in satisfaction
of the conditions required under the Consent (“Consent”), dated as of the date hereof, being given under
the Company’s 10% Senior Secured Convertible Debentures due March  27, 2021 and Common Stock Purchase Warrants (
 “Warrants”) issued pursuant to that certain Securities Purchase Agreement, dated as of September 27,
2019 (the “Purchase Agreement”), as amended, by and between Ideanomics, Inc. (the ''Company'')
and ID Venturas 7, LLC (the “Purchaser”). Capitalized
terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such
terms in the Purchase Agreement.

 

For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and as a condition to the effectiveness
of the Consent, the parties hereby agree as follows:

 

1.            Issuance
of Shares of Common Stock and Additional Warrants. In consideration for the delivery of the Consent, the Company
hereby agrees to issue to the Purchaser:

 

a.
         1,950,000 shares of Common Stock ''Shares'');

 

b.        Common
Stock Purchase Warrant (''Additional Warrant'' and together with the Shares, the ''Additional Securities'')) to
purchase up to 1,000,000 shares of Common Stock at an exercise price of $1, a 7 year term of exercise, which Additional
Warrant shall otherwise be in the form of the Warrants . The Company shall promptly deliver to the Purchaser the Additional
Securities; and

 

c.
        Extend the term of exercise of all of the outstanding Warrants held by the
Purchaser by 2 years which extension is effective immediately and requires no further action by either· party (provided
at the request of the Purchaser the Company shall promptly issue a new Warrant certificate with such extension).

 

2.            Documents.
The rights and obligations of the Purchaser and of the Company with respect to the Additional Securities and the shares of Common
Stock issuable under the Additional Securities (together with the Shares, the ''New Underlying Shares'') shall be identical
in all respects to the rights and obligations of such Purchaser and of the Company with respect to the Warrants and the Underlying
Shares issued and issuable pursuant to the Purchase Agreement. Any rights of a Purchaser or covenants of the Company which are
dependent on such Purchaser holding securities of the Company or which are determined in magnitude by such Purchaser's purchase
of securities pursuant to the Purchase Agreement shall be deemed to include any securities purchased or issuable hereunder. The
Purchase Agreement and other Transaction Documents is hereby amended so that the term ''Warrant'' includes the Additional Warrant
and the term ''Underlying Shares'' includes the New Underlying Shares and the New Underlying Shares shall be deemed ''Registrable
Securities'' under the Registration Rights Agreement.

 

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3.
             Representations and Warranties of the Company.
The Company hereby makes to the Purchaser the following representations and warranties:

 

(a)       Authorization;
Enforcement. The Company has the requisite Corporate power and authority to enter into and to
consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder.
The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated
hereby have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company,
its board of directors or its stockholders in connection therewith. This Agreement has been duly executed by the Company and,
when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except (i) as limited by general equitable principles and applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors' rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies
and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.

 

(b)       No
Conflicts. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company
of the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the Company's
certificate or articles of incorporation, bylaws or other organizational or charter documents; or (ii) conflict with, or
constitute a default (or an event that with notice or lapse of time or both would become a default) under, result in the
creation of any Lien (except as contemplated by the Security Documents) upon any of the properties or assets of the Company
in connection with, or give to others any rights of termination, amendment, acceleration or cancellation (with or without
notice, lapse of time or both) of, any material agreement, credit facility, debt or other material instrument (evidencing
Company debt or otherwise) or other material understanding to which such Company is a party or by which any property or asset
of the Company is bound or affected; or (iii) subject to the Required Approvals, conflict with or result in a violation
of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority
to which the Company is subject (including federal and state securities laws and regulations), or by which any property or
asset of the Company is bound or affected, except, in the case of each of clauses (ii) and (iii), such as could not have
or reasonably be expected to result in a Material Adverse Effect.

 

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(c)       Issuance
of the Additional Securities. The Additional Securities are duly authorized and, upon the execution of this Agreement by
a Purchaser, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by
the Company other than restrictions on transfer provided for in the Transaction Documents. The Additional Underlying
Shares underlying the Additional Warrants, when issued in accordance with the terms of the Additional Securities, will
be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company. The Company has reserved
from its duly authorized capital stock a number of shares of Common Stock for issuance of the Additional Underlying Shares at
least equal to the Required Minimum on the date hereof.

 

(d)      Affirmation
of Prior Representations and Warranties. Except as set forth on Schedule 4(d) hereto, the Company hereby
represents and warrants to each Purchaser that the Company’s representations and warranties listed in
Section 3.1 of the Purchase Agreement are true and correct as of the date hereof.

 

4.             Representations
and Warranties of the Purchaser. The Purchaser hereby represents and warrants as of the date
hereof to the Company as follows:

 

(a)      Authority.
The execution, delivery and performance by such Purchaser of the transactions contemplated by this Agreement have been duly authorized
by all necessary corporate or similar action on the part of such Purchaser. This Agreement has been duly executed by such Purchaser
and, when delivered by such Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation
of such Purchaser, enforceable against it in accordance with its terms, except (i) as limited by general equitable principles
and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement
of creditors' rights generally, (ii)  as limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies and (iii) insofar as indemnification
and contribution provisions may be limited by applicable law.

 

(b)      Own
Account. Such Purchaser (i) understands that the Additional Securities are ''restricted security'' and have not been
registered under the Securities Act or any applicable state securities law, (ii) is acquiring the Additional Securities
as principal for its own account and not with a view to or for distributing or reselling such Additional Securities or any
part thereof in violation of the Securities Act or any applicable state securities law, (iii) has no present intention
of distributing any of such securities in violation of the Securities Act or any applicable state securities law and
(iv) has no arrangement or understanding with any other persons regarding the distribution of such
Additional Securities (this representation and warranty not limiting such Purchaser's right to sell the Additional
Underlying Shares pursuant to the Registration Statement or otherwise in compliance with applicable federal
and state securities laws) in violation of the Securities Act or any applicable state securities law. Such Purchaser is
acquiring the Additional Securities hereunder in the ordinary course of its business. Such Purchaser
does not have any agreement or understanding, directly or indirectly, with any Person to distribute any of the
Additional Securities or Additional Underlying Shares.

 

(c)
      Purchaser Status. Such Purchaser is an ''accredited investor'' as defined
in Rule 501 under the Securities Act.

 

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(d)      General
Solicitation. Such Purchaser is not purchasing the Additional Securities as a result of any advertisement, article, notice
or other communication regarding the Additional Securities published in any newspaper, magazine or similar media
or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

 

5.
             Public Disclosure. The Company shall, on or before 9
am ET on the Trading Day immediately following the date hereof, issue a Current Report on Form 8-K, reasonably acceptable to
the Purchaser, disclosing the material terms of the transactions contemplated hereby and attaching this Agreement as an
exhibit thereto. The Company shall consult with the Purchaser in issuing any other press releases with respect to the transactions
contemplated hereby.

 

6.
            Delivery of Opinion. Within 5 days of the date hereof,
the Company shall deliver to the Purchaser an opinion of counsel regarding this Agreement and the issuance of the Additional Securities
in form and substance reasonably acceptable to the Purchaser. If such opinion is not delivered within 30 days after the date hereof,
the Company shall issue to the Purchaser an additional 1 million shares of Common Stock pursuant to the terms of this Agreement.

 

7.
            Effect on Transaction Documents. Except as expressly
set forth above, all of the terms and conditions of the Transaction Documents shall continue in full force and effect after the
execution of this Agreement and shall not be in any way changed, modified or superseded by the terms set forth herein, including,
but not limited to, any other obligations the Company may have to the Purchaser under the Transaction Documents. Notwithstanding
the foregoing, this Agreement shall be deemed for all purposes as an amendment
to any Transaction Document as required to serve the purposes hereof, and in the event of any conflict between the terms and
provisions of the Transaction Document, on the one hand, and the terms and provisions of this Agreement, on the other hand, the
terms and provisions of this Agreement shall prevail.

 

8.
           Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given, unless the same shall be in writing and signed by the Company and each Purchaser.

 

9.            Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered
as set forth in the Purchase Agreement.

 

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10.
          Successors and Assigns. This Agreement shall inure to the benefit
of and be binding upon the successors and permitted assigns of each of the parties and shall inure to the benefit of each Purchaser.
The Company may not assign (except by merger) its rights or obligations hereunder without the prior written consent of the Purchaser
of the then-outstanding Securities. The Purchaser may assign their rights hereunder in the manner and to the Persons as
permitted under the Purchase Agreement.

 

11.
         Execution and Counterparts. This Agreement may be executed in two or more
counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when
counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign
the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf'”
format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf
such signature is executed) with the same force and effect as if such facsimile or “.pdf'” signature page were an original
thereof.

 

12.
          Governing Law. All questions concerning the construction, validity, enforcement
and interpretation of this Agreement shall be determined in accordance with the provisions of the Purchase Agreement.

 

13.
          Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the
terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be
affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ
an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter
declared invalid, illegal, void or unenforceable.

 

14.
         Headings.
The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall not be deemed to
limit or affect any of the provisions hereof.

 

15.
          Fees and expenses. At the closing, the Company has agreed to reimburse the
Purchaser $10,000 for its fees and expenses. The Company shall deliver to each Purchaser, prior to closing, a completed and
executed copy of a closing statement, for the closing of the purchase and sale of the Additional Securities, otherwise
in the form attached to the Purchase Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    5 

     

    

 

Executed
as of the first date written above by the undersigned duly authorized representatives of the Company and the
Purchaser:

 

	IDEANOMICS, INC.	 
	 	 
	By:		 
	 	Name:	Anthony
    Sklar	 
	 	Title:	Corporate
    Secretary	 

 

	Name of Purchaser:
    ILLEGIBLE	 

 

	Signature of Authorized Signatory: 		 
	 	 
	Name of Authorized Signatory: ILLEGIBLE	 
	 	 
	Title
    of Authorized Signatory: ILLEGIBLE	 
	 	 
	Shares:
    1,950,000	 
	 	 
	Warrant
    Shares: 1,000,000	 

 

    6Exhibit 10.112

 

October 30, 2019

 

 

ID Ventures 7, LLC

17 State Street #2100

New York, New York 10004

Attn: Antonio Ruiz-Gimenez, Managing Partner

 

Re:      Amendment
to Transaction Documents

 

Dear Mr. Ruiz-Gimenez:

 

Reference is made to those certain Securities
Purchase Agreements, dated February 22, 2019 (“February SPA”) and dated September 27, 2019 (the “September
SPA” and collectively with the February SPA, the “SPAs”), each between Ideanomics, Inc. (the “Company”)
and ID Ventures 7, LLC (the “Purchaser”) pursuant to which the purchaser purchased 10% Senior Secured Convertible
Debentures (the “Debentures”) and common stock purchase warrants (the “Warrants”) and were granted
Additional Investments Rights (as defined under the SPAs) to purchase additional Debentures and Warrants.

 

This letter confirms that, as an inducement to the
Purchaser to convert Debentures. Exercise Warrants and exercise the Additional Investment Rights, the Company hereby agrees
to reduce the Conversion Price (as defined under the Debentures) and Exercise Price (as defined under the Warrants) to $1.00,
subject to adjustment thereunder. This amendment shall also have the effect of reducing the Conversion Price of Debentures
and Exercise Price of Warrants issuable pursuant to the Additional Investments Rights. This amendment is effective
immediately without any further action by either party and shall apply retroactively to any conversions or exercises made
since 7 am ET on October 29, 2019. At the election of the Purchaser, the Purchaser shall have the right to cause the Company
to issue a new certificates representing the Debentures and Warrant with the reduced Conversion and Exercise Price.

 

The Company shall file a Current Report on Form 8-K, which shall
describe the transactions hereunder, prior to 9:00 am ET on the trading day following the date hereof. The Company shall reimburse
counsel to the Purchaser $10.000 for Purchaser’s legal fees and expenses incurred in connection herewith.

 

Except as expressly set forth hereunder, the terms and provisions
of the SPAs. Debenture and Warrants shall remain in full force and effect after the execution of this agreement and shall not be
in any way changed, modified or superseded by the terms set forth herein.

 

This agreement may be executed in two or more counterparts
and by facsimile or “.pdf” signature or otherwise, and each of such counterparts shall be deemed an original and
all of such counterparts together shall constitute one and the same agreement.

 

(Signature Pages Follow)

 

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IN WITNESS WHEREOF, the parties hereto
have caused this agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.

 

Ideanomics, Inc.

 

	By :	 	 
	 	Name:	Conor McCarthy	 
	 	Title:	Chief Financial Officer	 

 

	Name of Holder: 	ID Ventures 7, LLC	 
	 	 	 

	Signature of Authorized Signatory of Holder: 	 	 

	Name of Authorized Signatory: 	Antonio Ruiz-Gimenez	 

 

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