Item 1.01 Entry into a Material Definitive Agreement.
Amendment No. 6 to Secured Convertible Promissory Note
On September 12, 2022, Ideanomics, Inc. (the "Lender) and Via Motors
International, Inc. (the "Borrower") entered into an amendment (the "Amendment
No. 6") to the Secured Convertible Promissory Note dated August 30, 2021, as
amended on May 20, 2022, June 17, 2022, July 12, 2022, August 15, 2022 and
September 7, 2022 (the "Secured Convertible Note"). Under the Amendment No. 6,
the Borrower agreed to borrow, and the Lender agreed to advance, an additional
amount of US$1,076,000 on the terms and conditions set forth in the Secured
Convertible Note. Pursuant to the Amendment No. 6, the principal sum payable
under the Secured Convertible Note, shall be US$57,418,111 and simple interest
on US$ 1,076,000 shall accrue from September 12, 2022, in each case, till the
maturity date at the rate of 4% per annum.
Any amounts advanced pursuant to Amendment No. 6. shall be deducted from the
purchase price contemplated by that that certain Agreement and Plan of Merger
dated August 30, 2021, as amended.
The foregoing description of the Amendment No. 6 is qualified in its entirety by
reference to the full text of Amendment No. 6, which is attached as Exhibit 10.1
to this Current Report on Form 8-K.
Amendment No. 7 to Secured Convertible Promissory Note
On September 16, 2022, Lender and the Borrower entered into an amendment (the
"Amendment No. 7") to the Secured Convertible Promissory Note. Under the
Amendment No. 7, the Borrower and the Lender amended the interest accrual date
for one funding tranche agreeing that simple interest on US$1,076,000 shall
accrue from September 16, 2022.
The foregoing description of the Amendment No. 6 is qualified in its entirety by
reference to the full text of Amendment No. 7, which is attached as Exhibit 10.2
to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
10.1 Amendment No. 6 to Secured Convertible Promissory Note.
10.2 Amendment No. 7 to Secured Convertible Promissory Note.
104 Cover page Interactive Data File (embedded within the Inline XBRL document).
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