Termination Agreement for Standby Equity Distribution Agreement between Ideanomics, Inc. and YA II PN, Ltd.
Ideanomics, Inc. and YA II PN, Ltd. have mutually agreed to terminate their Standby Equity Distribution Agreement originally dated April 3, 2020. This letter confirms the end of all obligations under that agreement, effective upon execution by both parties. No further actions or commitments are required from either party regarding the terminated agreement.
Exhibit 10.2
September 10, 2020
YA II PN, Ltd.
1012 Springfield Avenue
Mountainside, NJ 07092
Dear Sirs,
We refer to the Standby Equity Distribution Agreement, dated as of April 3, 2020 (the “Agreement”) by and between YA II PN Ltd., a Cayman Islands exempt limited partnership (the “Investor”), and Ideanomics, Inc., a Nevada corporation (the “Company”). The parties agree that the Agreement is hereby terminated.
Please confirm your acknowledgement below by executing this letter agreement and returning it to my attention.
Sincerely yours,
IDEANOMICS, INC.
Alfred Poor
Chief Executive Officer
ACKNOWLEDGED AND AGREED
YA II PN, LTD.:
By:________________
Name: _____________
Title: _____________
