SEC Contract Filing

Filing Date: 2020-03-16

Document Content:
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<TYPE>EX-10.112
<SEQUENCE>16
<FILENAME>tm205387d1_ex10-112.htm
<DESCRIPTION>EXHIBIT 10.112
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.112</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">October 30, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ID Ventures 7, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">17 State Street #2100</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10004</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attn: Antonio Ruiz-Gimenez, Managing Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
to Transaction Documents</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Mr. Ruiz-Gimenez:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Reference is made to those certain Securities
Purchase Agreements, dated February 22, 2019 (&#8220;<U>February SPA</U>&#8221;) and dated September 27, 2019 (the &#8220;<U>September
SPA</U>&#8221; and collectively with the February SPA, the &#8220;<U>SPAs</U>&#8221;), each between Ideanomics, Inc. (the &#8220;<U>Company</U>&#8221;)
and ID Ventures 7, LLC (the &#8220;<U>Purchaser</U>&#8221;) pursuant to which the purchaser purchased 10% Senior Secured Convertible
Debentures (the &#8220;Debentures&#8221;) and common stock purchase warrants (the &#8220;<U>Warrants</U>&#8221;) and were granted
Additional Investments Rights (as defined under the SPAs) to purchase additional Debentures and Warrants.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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&#8217;s legal fees and expenses incurred in connection herewith.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This agreement may be executed in two or more counterparts
and by facsimile or &ldquo;.pdf&rdquo; 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Signature Pages Follow)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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