IDEANOMICS, INC.: debt financing — Ideanomics issues $2M promissory note to Tillou Management, entity controlled by Vince McMahon

Promissory Note Effective on March 19, 2023 (the “ Effective Date ”), Ideanomics, Inc. (the “ Company ”) issued a promissory note (the “ Note ”) to Tillou Management and Consulting LLC, a New Jersey limited liability company (the “ Noteholder ” or “ Tillou ”), an entity controlled by Vince McMahon, the father of our Executive Chairman Shane McMahon, in the principal amount of $2,000,000 (the “ Loan ”). The Company agreed to pay the aggregate unpaid principal amount of the Loan, all accrued and unpaid interest, and all other amounts payable under the Note on demand any time after April 20, 2023. The principal amount outstanding under the Note bears interest at a rate of 20% per annum (the “ Interest Rate ”). If any amount payable under the Note is not paid when due, such overdue amount shall bear interest at the Interest Rate plus 2%. The Company may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepa

Promissory Note Effective on March 19, 2023 (the “ Effective Date ”), Ideanomics, Inc. (the “ Company ”) issued a promissory note (the “ Note ”) to Tillou Management and Consulting LLC, a New Jersey limited liability company (the “ Noteholder ” or “ Tillou ”), an entity controlled by Vince McMahon, the father of our Executive Chairman Shane McMahon, in the principal amount of $2,000,000 (the “ Loan ”).

Pledge Agreement Pursuant to a Pledge Agreement between the Company and Tillou, dated as of the Effective Date, as collateral for the Company’s obligations under the Note, the Company granted to the Noteholder a security interest in a purchase obligation of YA II PN, Ltd., under the Amended and Restated Standby Equity Purchase Agreement between the Company and YA II PN, Ltd..