Document:

Exhibit 10.12

 

GENERAL
RELEASE AND COVENANT NOT TO SUE

 

This
General Release and Covenant Not To Sue (the “Agreement”) is entered into by Evan Kalimtgis (“Kalimtgis”)
and Ideanomics, Inc. (formerly known as Seven Stars Cloud Group, Inc.) (the “Company”). Kalimtgis and the Company hereby
agree that Kalimtgis’s last day of employment with the Company was February 12, 2019 (the “Separation Date”).

Kalimtgis
and the Company further hereby agree as follows:

 

		1.	Consideration.
                                         Kalimtgis and the Company are entering into this Agreement in order to provide
                                         Kalimtgis severance payments and ensure that Kalimtgis commences no legal claims or proceedings
                                         against the Company. In consideration for the parties’ execution of this Agreement
                                         and promises to comply with its terms, the Company and Kalimtgis agree as follows:

 

		(a)	Kalimtgis and the Company are parties to an employment offer letter dated September 24, 2018 and signed by Kalimtgis on October
2, 2018 (the “Offer Letter”);

 

		(b)	The Company shall pay Kalimtgis all accrued and unpaid salary through the Separation Date which
is January 1, 2019 to February 12, 2019 at Kalimtgis’s annual salary of $400,000, in the amount of $50,000;

 

		(c)	The Company shall pay severance payments, totaling $150,000, in two (2) installments payable as $75,000 per each payment beginning
on the date one month from the effective date of this agreement and then, the second payment of $75,000 on or before April 12,
2019;

 

		(d)	Upon the effective date of this Agreement, the Company shall
                                         pay Kalimtgis’s attorneys, Sack & Sack, LLP,
                                         $50,000.

 

		(e)	The Company shall reimburse Kalimtgis for $45,852.03 in business expenses incurred in the furtherance of the business of the
Company during his employment; and

 

		(f)	Kalimtgis agrees that aside from the consideration set
forth in this Section 1, he shall not be eligible for and he shall not receive any other payments or benefits from the Company.

 

		2.	No
                                         Consideration Absent Execution of this Agreement. Kalimtgis understands
                                         and agrees that he is not entitled to and would not receive the consideration described
                                         in Section 1 above except for his execution of this Agreement and his fulfillment of
                                         the promises contained herein. Kalimtgis also acknowledges and agrees that the consideration
                                         set forth in Section 1 is adequate and sufficient consideration for all of his obligations
                                         under this Agreement.

 

    	 	1	 

     

    

 

		3.	General Release.

 

(a)       In
consideration of the benefits described above in Section 1, Kalimtgis agrees that, to the extent such release and discharge are
permitted by law, he and his heirs, legal representatives and assigns hereby knowingly and voluntarily waive, release and forever
discharge, and will not file or cause to be filed against the Company, or any of its current of former directors, officers, owners,
employees, agents, affiliates, assigns, predecessors and successors (collectively referred to in this paragraph and Paragraphs
4(a) and 6 hereof as the “Company Releasees”) any claim, lawsuit, complaint or charge, whether known or unknown, asserted
or unasserted, suspected or unsuspected, that Kalimtgis may have as a result of any incident, act, event or omission, whether or
not related to his employment or separation from employment with the Company, that has occurred at any time from the beginning
of the world up to and including the date of his signing of this Agreement. Kalimtgis agrees that among the rights he knowingly
and voluntarily waives and releases, to the extent such waiver, release and discharge are permitted by law, are his right to bring
any complaints or charges against the Company arising on or before the date of his signing of this Agreement, under Title VII of
the Civil Rights Act, the Age Discrimination in Employment Act (including the amendments of the Older Workers Benefit Protection
Act of 1990), the Employee Retirement Income Security Act, the Americans with Disabilities Act, the Family and Medical Leave Act,
the New York State Human Rights Law, the New York City Human Rights Law, and any federal, state or local law dealing with discrimination
on any basis, including but not limited to sex, age, race, national origin, sexual orientation, veteran status, marital status,
religion, and physical and/or mental disability. Kalimtgis also agrees that he is waiving and releasing all rights to bring any
claims, lawsuits, complaints or charges against the Company Releasees alleging unpaid wages, unpaid commissions, unpaid bonuses,
accrued vacation pay, breach of contract, breach of the implied covenant of good faith and fair dealing, wrongful termination,
violation of public policy, failure to accommodate, misrepresentation, defamation, infliction of emotional distress or any other
possible claim arising or related to any incident, act, event or omission that has occurred at any time on or before the date of
Kalimtgis’s signing of this Agreement. Nothing herein shall prohibit or prevent Kalimtgis from filing any complaint, claim
or charge with any federal, state or local government agency or administrative agency, provided, however, that Kalimtgis does not
seek, accept or receive any monetary damages or payments arising from or related to any such complaint, claim or charge.

 

(b)       In
consideration of the benefits described above in Section 1, the Company agrees that, to the extent such release and discharge are
permitted by law, it and any of its current of former directors, officers, owners, employees, agents, affiliates, assigns, predecessors
and successors (collectively referred to in this paragraph and Paragraph 4(b) as the “Company Releasors”) hereby knowingly
and voluntarily waive, release and forever discharge, and will not file or cause to be filed against Kalimtgis, any claim, lawsuit,
complaint or charge, whether known or unknown, asserted or unasserted, suspected or unsuspected, that the Company may have as a
result of any incident, act, event or omission, whether or not related to Kalimtgis's employment or separation from employment
with the Company, that has occurred at any time from the beginning of the world up to and including the date of his signing of
this Agreement.

 

    	 	2	 

     

    

 

		4.	Covenant
                                         Not To Sue.

 

a)       Except
to enforce the Agreement, Kalimtgis hereby promises never to file or make, or permit to be filed or made on his behalf, a lawsuit,
charge, complaint, or other claim asserting any claim or demand against the Company Releasees which is within the scope of the
claims released in Paragraph 3 above. This Agreement may and shall be pleaded by the Company Releasees as a full and complete defense
to, and may be used as a basis for the immediate dismissal of or an injunction against any action, suit or other proceeding which
may be instituted, prosecuted or maintained in breach thereof. If Kalimtgis files or makes, or permits to be filed or made on his
behalf, a lawsuit, arbitration, charge, complaint, or other claim asserting any claim or demand against the Company Releasees which
is within the scope of the General Release set forth above in Section 3, whether or not Kalimtgis’s claim(s) is/are otherwise
valid, in addition to any other rights and remedies that may be available, such claim shall immediately be dismissed with prejudice,
the provisions of this Agreement shall remain in full force and effect, and Kalimtgis shall be liable to the Company for all costs,
expenses, and attorneys’ fees incurred in defending against such lawsuit, arbitration, charge, complaint, or other claim.
While this Agreement does not prohibit the Equal Opportunity Employment Commission (“EEOC”) or any other federal or
state agency from investigating any complaint or instituting any action against the Company, Kalimtgis expressly agrees that he
will not seek, receive or accept any monetary damages arising from or related to any such investigation or action. In the event
that Kalimtgis believes he is compelled by lawful authority or by force of law or is requested to testify or otherwise participate
in any action or proceeding against the Company, he agrees to provide the Company with notice of the matter as promptly as possible
under the circumstances.

 

b)       Except
to enforce the Agreement, the Company hereby promises never to file or make, or permit to be filed or made on his behalf, a lawsuit,
charge, complaint, or other claim asserting any claim or demand against the Company Releasors which is within the scope of the
claims released in Paragraph 3 above. This Agreement may and shall be pleaded by the Company Releasors as a full and complete defense
to, and may be used as a basis for the immediate dismissal of or an injunction against any action, suit or other proceeding which
may be instituted, prosecuted or maintained in breach thereof. If Kalimtgis files or makes, or permits to be filed or made on his
behalf, a lawsuit, arbitration, charge, complaint, or other claim asserting any claim or demand against the Company Releasors which
is within the scope of the General Release set forth above in Section 3, whether or not Kalimtgis’s claim(s) is/are otherwise
valid, in addition to any other rights and remedies that may be available, such claim shall immediately be dismissed with prejudice,
the provisions of this Agreement shall remain in full force and effect, and Kalimtgis shall be liable to the Company for all costs,
expenses, and attorneys’ fees incurred in defending against such lawsuit, arbitration, charge, complaint, or other claim.

 

    	 	3	 

     

    

 

		5.	Review
                                         and Revocation Rights. By signing this Agreement, Kalimtgis acknowledges
                                         and agrees that:

 

		a)	Kalimtgis has read and understands this Agreement.

 

		b)	The Company advised Kalimtgis to consult with an attorney of his own choosing regarding the terms and meaning of this Agreement
prior to executing this Agreement, and Kalimtgis did so to the extent he deemed appropriate. Kalimtgis acknowledges that this Agreement
was negotiated on his behalf by an attorney of his choosing, Jonathan Sack.

 

		c)	Kalimtgis’s complete release of claims in Section 3(a) and covenant not to pursue released
claims in Section 4(a) of this Agreement are knowing and voluntary and in compliance with the OWBPA.

 

		d)	The consideration offered by the Company in exchange for Kalimtgis’s signing this Agreement represents valuable and sufficient
consideration that Kalimtgis would not otherwise be eligible to receive. Kalimtgis acknowledges and agrees that the complete release
of claims contained in Section 3(a) and the covenant not to pursue released claims contained in Section 4(a) are essential material
terms of this Agreement

 

		6.	No
                                         Claims Exist. Kalimtgis confirms that he has not filed any charge, complaint,
                                         or action in any forum or form against the Company Releasees prior to or on the date
                                         on which he signs this Agreement.

 

		7.	Non-Solicitation,
                                         Confidential Information, and Inventions. Kalimtgis and the Company agree
                                         that the non-solicitation, confidential information, and inventions provisions set forth
                                         in the Offer Letter (sections 6, 8 & 11) shall remain in full force and effect. Kalimtgis
                                         further agrees he shall continue to be bound by the non-solicitation, confidential information,
                                         and inventions provisions set forth in the Offer Letter.

 

		8.	Non-Disparagement.
                                         Kalimtgis and the Company agree that the non-disparagement provision set forth
                                         in the Offer Letter (section 9) shall remain in full force and effect. Kalimtgis further
                                         agrees he shall continue to be bound by the non-disparagement provision set forth in
                                         the Offer Letter.

 

		9.	Confidentiality
                                         of the Agreement. Kalimtgis and the Company agree that the terms and conditions
                                         of this Agreement are confidential matters and that they will not disclose them to anyone
                                         except that Kalimtgis may disclose them to his immediate family members, and Kalimtgis
                                         and the Company may disclose them to their legal or financial advisors (who shall be
                                         bound by this confidentiality agreement and for whom he shall be responsible). If at
                                         some time in the future either party hereto believes that it is required to disclose
                                         the terms or conditions of this Agreement by force of law or otherwise, they agree to
                                         notify the other party hereto in writing at least ten (10) days in advance of any such
                                         disclosure. In the event that it is not possible or practical to provide ten (10) days’
                                         advance written notice, the producing party shall provide as much notice as is possible
                                         and practical under the circumstances.

 

    	 	4	 

     

    

 

		10.	Return
                                         of Information and Materials. Kalimtgis acknowledges that he has returned
                                         to the Company all confidential information and all manuals, notebooks, records, tapes,
                                         computers, discs, CD-ROMS or other storage mechanisms of documents or information made,
                                         used or kept by Kalimtgis in connection with the business of the Company and all copies
                                         thereof.

 

		11.	No
                                         Admission of Wrongdoing. Kalimtgis and the Company agree that this Agreement
                                         is not and shall not be considered as an admission of any wrongdoing or liability on
                                         the part of Kalimtgis or the Company. Kalimtgis agrees that the execution of this Agreement
                                         is good, sufficient and legal cause for the Company to reject any request or application
                                         by Kalimtgis for any future employment.

 

		12.	Press
                                         Release. Notwithstanding paragraph 9 hereinabove, the parties will work
                                         diligently and in good faith on a mutually-agreed press release concerning this matter
                                         that will be released as soon as possible.

 

		13.	Amendment.
                                         Kalimtgis and the Company agree that no changes to this Agreement will be effective
                                         unless made in writing and signed by both parties.

 

		14.	Entire Agreement.
                                                             This Agreement sets forth the entire agreement between the parties with respect to any and all matters described herein, and
                                                             fully supersedes any prior agreements or understandings between the parties with respect to any such matters, except the
                                                             provisions contained within the Offer Letter, as incorporated by reference herein. Kalimtgis and the Company acknowledge that
                                                             they have not relied on any representations, promises, or agreements of any kind made to him in connection with his
                                                             decision to sign this Agreement, except for those set forth in writing in this Agreement.

 

		15.	Severability.
                                         Should any provision of this Agreement, excluding Section 3 and Section 4,
                                         be declared illegal or unenforceable by any court or arbitrator of competent jurisdiction,
                                         and cannot be modified to be enforceable, such provision shall immediately become null
                                         and void, leaving the remainder of the Agreement in full force and effect. However, if
                                         Kalimtgis seeks and succeeds in having any portion of Section 3 or Section 4 of this
                                         Agreement ruled to be unenforceable for any reason, then the entirety of the Agreement
                                         automatically shall be deemed null and void other than sections 5, 6, 8, 9, 10, and 11,
                                         which shall remain in full force and effect.

 

		16.	Enforcement
                                         and Remedies. This Agreement shall be governed and conformed in accordance
                                         with the laws of the State of New York without regard to its conflict of laws rules.
                                         Kalimtgis and the Company agree that in the event of any dispute related to or arising
                                         from this Agreement, such dispute shall be submitted to binding arbitration. Any such
                                         arbitration shall be conducted in accordance with the American Arbitration Association
                                         (“AAA”) Rules for Employment Disputes then in effect, shall take place in
                                         New York, New York, and shall be conducted before a single neutral arbitrator selected
                                         by the AAA. Nothing herein shall prohibit either party from seeking injunctive or equitable
                                         relief from the state or federal courts of New York, New York in an effort to prevent
                                         an actual or threatened breach of this Agreement or in an effort to obtain specific performance
                                         of the terms and conditions of this Agreement. In any such injunction or equitable proceeding,
                                         the parties consent to be subject to the jurisdiction of the state and federal courts
                                         located in New York, New York.

 

    	 	5	 

     

    

 

equitable proceedings, the parties consent to be subject
to the jurisdiction of the state and federal courts located in New York, New York.

 

		17.	Notices. All communications or notices required or permitted by this Agreement shall be made in writing or by
e-mail and shall be delivered and addressed as follows:

 

If to the Company:

 

Robert
C. Angelillo, Esq.

Arkin Solbakken LLP

750 Lexington Avenue, 25th
Floor

New York, NY 10022

Isolbakken@arkin-law.com

 

If to Kalimtgis:

 

Jonathan Sack, Esq.

Sack & Sack, LLP

70 East 55th Street, 10th Floor

New York, NY 10022

jsack@sackandsack.com

 

		18.	Counterparts.
                                         This Agreement may be
                                         executed in any number
                                         of counterparts
                                         and by different parties hereto
                                         in separate counterparts,
                                         each of which
                                         when so executed
                                         shall be deemed
                                         to be an original
                                         and all of which
                                         when taken
                                         together shall constitute one and the same agreement.

 

WHEREFORE, intending to be bound
by the provisions of the foregoing General Release and Covenant Not To Sue, the parties hereby enter into this Agreement by signing
below:

 

 

	EVAN KALIMTGIS	 	IDEANOMICS, INC.
	 	 	 
	/s/ Evan Kalimtgis	 	/s/ Alfred P. Poor
	Evan Kalimtgis	 	Name:	Alfred P. Poor
	 	 	Title:	Chief Operating Officer
	 	 	Date:	2/15/19
	Date:	13/2/19	 	 	 

 

    	 	6Exhibit 10.13

 

GENERAL
RELEASE AND COVENANT NOT TO SUE

 

This
General Release and Covenant Not To Sue (the “Agreement”) is entered into by Uwe Henke von Parpart (“Parpart”)
and Ideanomics, Inc. (formerly known as Seven Stars Cloud Group, Inc.) (the “Company”). Parpart and the Company hereby
agree that Parpart’s last day of employment with the Company was February 12, 2019 (the “Separation Date”). Parpart
and the Company further hereby agree as follows:

 

		1.	Consideration.
                                         Parpart and the Company are entering into this Agreement in order to provide
                                         Parpart severance payments and ensure that Parpart commences no legal claims or proceedings
                                         against the Company. In consideration for the parties' execution of this Agreement and
                                         promises to comply with its terms, the Company and Parpart agree as follows:

 

		(a)	Parpart and the Company are parties to an employment offer letter dated September 24, 2018 and signed by Parpart on October
8, 2018 (the “Offer Letter”);

 

		(b)	The Company shall pay Parpart all accrued and unpaid salary through the Separation Date which is
January 1, 2019 to February 12, 2019 at Parpart’s annual salary of $150,000, in the amount of $18,750;

 

		(c)	The Company shall pay severance payments, totaling $50,000, in two (2) installments payable as $25,000 per each payment beginning
on the date one month from the effective date of this agreement and then, the second payment of $25,000 on or before April 12,
2019;

 

		(d)	Upon the effective date of this Agreement, the Company shall pay Parpart’s attorneys, Sack & Sack, LLP, $25,000;

 

		(e)	The Company shall reimburse Parpart for $23,983.64 in business expenses incurred in the furtherance of the business of the
Company during his employment; and

 

		(f)	Parpart agrees that aside from the consideration set forth in this Section 1, he shall not be eligible for and he shall not
receive any other payments or benefits from the Company.

 

		2.	No
                                         Consideration Absent Execution of this Agreement. Parpart understands
                                         and agrees that he is not entitled to and would not receive the consideration described
                                         in Section 1 above except for his execution of this Agreement and his fulfillment of
                                         the promises contained herein. Parpart also acknowledges and agrees that the consideration
                                         set forth in Section 1 is adequate and sufficient consideration for all of his obligations
                                         under this Agreement.

 

     

     

    

 

		3.	General
                                         Release.

 

(a)       In
consideration of the benefits described above in Section 1, Parpart agrees that, to the extent such release and discharge are permitted
by law, he and his heirs, legal representatives and assigns hereby knowingly and voluntarily waive, release and forever discharge,
and will not file or cause to be filed against the Company, or any of its current of former directors, officers, owners, employees,
agents, affiliates, assigns, predecessors and successors (collectively referred to in this paragraph and Paragraphs 4(a) and 6
hereof as the “Company Releasees”) any claim, lawsuit, complaint or charge, whether known or unknown, asserted or unasserted,
suspected or unsuspected, that Parpart may have as a result of any incident, act, event or omission, whether or not related to
his employment or separation from employment with the Company, that has occurred at any time from the beginning of the world up
to and including the date of his signing of this Agreement. Parpart agrees that among the rights he knowingly and voluntarily waives
and releases, to the extent such waiver, release and discharge are permitted by law, are his right to bring any complaints or charges
against the Company arising on or before the date of his signing of this Agreement, under Title VII of the Civil Rights Act, the
Age Discrimination in Employment Act (including the amendments of the Older Workers Benefit Protection Act of 1990), the Employee
Retirement Income Security Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the New York State Human
Rights Law, the New York City Human Rights Law, and any federal, state or local law dealing with discrimination on any basis, including
but not limited to sex, age, race, national origin, sexual orientation, veteran status, marital status, religion, and physical
and/or mental disability. Parpart also agrees that he is waiving and releasing all rights to bring any claims, lawsuits, complaints
or charges against the Company Releasees alleging unpaid wages, unpaid commissions, unpaid bonuses, accrued vacation pay, breach
of contract, breach of the implied covenant of good faith and fair dealing, wrongful termination, violation of public policy, failure
to accommodate, misrepresentation, defamation, infliction of emotional distress or any other possible claim arising or related
to any incident, act, event or omission that has occurred at any time on or before the date of Parpart’s signing of this
Agreement. Nothing herein shall prohibit or prevent Parpart from filing any complaint, claim or charge with any federal, state
or local government agency or administrative agency, provided, however, that Parpart does not seek, accept or receive any monetary
damages or payments arising from or related to any such complaint, claim or charge.

 

(b)       In
consideration of the benefits described above in Section 1, the Company agrees that, to the extent such release and discharge are
permitted by law, it and any of its current of former directors, officers, owners, employees, agents, affiliates, assigns, predecessors
and successors (collectively referred to in this paragraph and Paragraph 4(b) as the “Company Releasors”) hereby knowingly
and voluntarily waive, release and forever discharge, and will not file or cause to be filed against Parpart, any claim, lawsuit,
complaint or charge, whether known or unknown, asserted or unasserted, suspected or unsuspected, that the Company may have as a
result of any incident, act, event or omission, whether or not related to Parpart’s employment or separation from employment
with the Company, that has occurred at any time from the beginning of the world up to and including the date of his signing of
this Agreement.

 

    	 	2	 

     

    

 

		4.	Covenant
                                         Not To Sue.

 

a)       Except
to enforce the Agreement, Parpart hereby promises never to file or make, or permit to be filed or made on his behalf, a lawsuit,
charge, complaint, or other claim asserting any claim or demand against the Company Releasees which is within the scope of the
claims released in Paragraph 3 above. This Agreement may and shall be pleaded by the Company Releasees as a full and complete defense
to, and may be used as a basis for the immediate dismissal of or an injunction against any action, suit or other proceeding which
may be instituted, prosecuted or maintained in breach thereof. If Parpart files or makes, or permits to be filed or made on his
behalf, a lawsuit, arbitration, charge, complaint, or other claim asserting any claim or demand against the Company Releasees which
is within the scope of the General Release set forth above in Section 3, whether or not Parpart’s claim(s) is/are otherwise
valid, in addition to any other rights and remedies that may be available, such claim shall immediately be dismissed with prejudice,
the provisions of this Agreement shall remain in full force and effect, and Parpart shall be liable to the Company for all costs,
expenses, and attorneys’ fees incurred in defending against such lawsuit, arbitration, charge, complaint, or other claim.
While this Agreement does not prohibit the Equal Opportunity Employment Commission (“EEOC") or any other federal or
state agency from investigating any complaint or instituting any action against the Company, Parpart expressly agrees that he will
not seek, receive or accept any monetary damages arising from or related to any such investigation or action. In the event that
Parpart believes he is compelled by lawful authority or by force of law or is requested to testify or otherwise participate in
any action or proceeding against the Company, he agrees to provide the Company with notice of the matter as promptly as possible
under the circumstances.

 

b)       Except
to enforce the Agreement, the Company hereby promises never to file or make, or permit to be filed or made on his behalf, a lawsuit,
charge, complaint, or other claim asserting any claim or demand against the Company Releasors which is within the scope of the
claims released in Paragraph 3 above. This Agreement may and shall be pleaded by the Company Releasors as a full and complete defense
to, and may be used as a basis for the immediate dismissal of or an injunction against any action, suit or other proceeding which
may be instituted, prosecuted or maintained in breach thereof. If Parpart files or makes, or permits to be filed or made on his
behalf, a lawsuit, arbitration, charge, complaint, or other claim asserting any claim or demand against the Company Releasors which
is within the scope of the General Release set forth above in Section 3, whether or not Parpart’s claim(s) is/are otherwise
valid, in addition to any other rights and remedies that may be available, such claim shall immediately be dismissed with prejudice,
the provisions of this Agreement shall remain in full force and effect, and Parpart shall be liable to the Company for all costs,
expenses, and attorneys’ fees incurred in defending against such lawsuit, arbitration, charge, complaint, or other claim.

 

		5.	Review
                                         and Revocation Rights. By signing this Agreement, Parpart acknowledges
                                         and agrees that:

 

		a)	Parpart has read and understands this Agreement.

 

    	 	3	 

     

    

 

		b)	The Company advised Parpart to consult with an attorney of his own choosing regarding the terms and meaning of this Agreement
prior to executing this Agreement, and Parpart did so to the extent he deemed appropriate. Parpart acknowledges that this Agreement
was negotiated on his behalf by an attorney of his choosing, Jonathan Sack.

 

		c)	Parpart’s complete release of claims in Section 3(a) and covenant not to pursue released claims in Section 4(a) of this
Agreement are knowing and voluntary and in compliance with the OWBPA.

 

		d)	The consideration offered by the Company in exchange for Parpart’s signing this Agreement represents valuable and sufficient
consideration that Parpart would not otherwise be eligible to receive. Parpart acknowledges and agrees that the complete release
of claims contained in Section 3(a) and the covenant not to pursue released claims contained in Section 4(a) are essential material
terms of this Agreement.

 

		6.	No
Claims Exist. Parpart confirms that he has not filed any charge, complaint, or action in any forum or form against
the Company Releasees prior to or on the date on which he signs this Agreement.

 

		7.	Non-Solicitation,
                                         Confidential Information, and Inventions. Parpart and the
                                         Company agree that the non-solicitation, confidential information, and inventions
                                         provisions set forth in the Offer Letter (sections 6, 8 & 11) shall remain in full
                                         force and effect. Parpart further agrees he shall continue to be bound by the non-solicitation,
                                         non-competition, and inventions provisions set forth in the Offer Letter.

 

		8.	Non-Disparagement.
                                         Parpart and the Company agree that the non-disparagement provision set forth
                                         in the Offer Letter (section 9) shall remain in full force and effect. Parpart further
                                         agrees he shall continue to be bound by the non-disparagement provision set forth in
                                         the Offer Letter.

 

		9.	Confidentiality
                                         of the Agreement. Parpart and the Company agree that the terms and conditions
                                         of this Agreement are confidential matters and that they will not disclose them to anyone
                                         except that Parpart may disclose them to his immediate family members, and Parpart and
                                         the Company may disclose them to their legal or financial advisors (who shall be bound
                                         by this confidentiality agreement and for whom he shall be responsible). If at some time
                                         in the future either party hereto believes that it is required to disclose the terms
                                         or conditions of this Agreement by force of law or otherwise, they agree to notify the
                                         other party hereto in writing at least ten (10) days in advance of any such disclosure.
                                         In the event that it is not possible or practical to provide ten (10) days' advance written
                                         notice, the producing party shall provide as much notice as is possible and practical
                                         under the circumstances.

 

		10.	Return
                                         of Information and Materials. Parpart acknowledges that he has returned
                                         to the Company all confidential information and all manuals, notebooks, records, tapes,
                                         computers, discs, CD-ROMS or other storage mechanisms of documents or information made,
                                         used or kept by Parpart in connection with the business of the Company and all copies
                                         thereof.

 

    	 	4	 

     

    

 

		11.	No
                                         Admission of Wrongdoing. Parpart and the Company agree that this Agreement
                                         is not and shall not be considered as an admission of any wrongdoing or liability on
                                         the part of Parpart or the Company. Parpart agrees that the execution of this Agreement
                                         is good, sufficient and legal cause for the Company to reject any request or application
                                         by Parpart for any future employment.

 

		12.	Press
                                         Release. Notwithstanding paragraph 9 hereinabove, the parties will work
                                         diligently and in good faith on a mutually-agreed press release concerning this matter
                                         that will be released as soon as possible.

 

		13.	Amendment. Parpart and the Company agree that no changes to this Agreement will be effective unless made in writing and
signed by both parties.

 

		14.	Entire
                                         Agreement. This Agreement sets forth the entire agreement between the
                                         parties with respect to any and all matters described herein, and fully supersedes any
                                         prior agreements or understandings between the parties with respect to any such matters,
                                         except the provisions contained within the Offer Letter, as incorporated by reference
                                         herein. Parpart and the Company acknowledge that they have not relied on any representations,
                                         promises, or agreements of any kind made to him in connection with his decision to sign
                                         this Agreement, except for those set forth in writing in this Agreement.

 

		15.	Severability.
                                         Should any provision of this Agreement, excluding Section 3 and Section 4,
be declared illegal or unenforceable by any court or arbitrator of competent jurisdiction, and cannot be modified to be
enforceable, such provision shall immediately become null and void, leaving the remainder of the Agreement in full force and
effect. However, if Parpart seeks and succeeds in having any portion of Section 3 or Section 4 of this Agreement ruled to be
unenforceable for any reason, then the entirety of the Agreement automatically shall be deemed null and void other than
sections 5, 6, 8, 9, 10, and 11, which shall remain in full force and effect.

 

		16.	Enforcement
                                         and Remedies. This Agreement shall be governed and conformed in accordance
                                         with the laws of the State of New York without regard to its conflict of laws rules.
                                         Parpart and the Company agree that in the event of any dispute related to or arising
                                         from this Agreement, such dispute shall be submitted to binding arbitration. Any such
                                         arbitration shall be conducted in accordance with the American Arbitration Association
                                         (“AAA”) Rules for Employment Disputes then in effect, shall take place in
                                         New York, New York, and shall be conducted before a single neutral arbitrator selected
                                         by the AAA. Nothing herein shall prohibit either party from seeking injunctive or equitable
                                         relief from the state or federal courts of New York, New York in an effort to prevent
                                         an actual or threatened breach of this Agreement or in an effort to obtain specific performance
                                         of the terms and conditions of this Agreement. In any such injunction or equitable proceeding,
                                         the parties consent to be subject to the jurisdiction of the state and federal courts
                                         located in New York, New York.

 

    	 	5	 

     

    

 

		17.	Notices.
                                         All communications or notices required or permitted by this Agreement shall be made in
                                         writing or by e-mail and shall be delivered and addressed as follows:

 

If
to the Company:

 

Robert C. Angelillo, Esq.

Arkin Solbakken LLP

750 Lexington Avenue, 25th
Floor

New York, NY 10022

lsolbakken@arkin-law.com

 

If to Parpart:

 

Jonathan Sack, Esq.

Sack & Sack, LLP

70 East 55th Street, 10th Floor

New York, NY 10022

jsack@sackandsack.com

 

		18.	Counterparts.
                                         This Agreement may be executed in any number of counterparts and by different
                                         parties hereto in separate counterparts, each of which when so executed shall be deemed
                                         to be an original and all of which when taken together shall constitute one and the same
                                         agreement.

 

WHEREFORE, intending to be bound
by the provisions of the foregoing General Release and Covenant Not To Sue, the parties hereby enter into this Agreement by signing
below:

 

	UWE HENKE VON PARPART	 	IDEANOMICS, INC.
	 	 	 
	[ILLEGIBLE]	 	/s/
    Alfred P. Poor
	Uwe Henke von Parpart	 	Name:	 Alfred P. Poor
	 	 	Title	 Chief Operating Officer
	 	 	Date:	 2/15/19 
	Date:	 2/15/19	 	 	

 

    	 	6

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