Exchange Agreement
Greenwave Technology Solutions, Inc.
EXCHANGE AGREEMENT
This Exchange Agreement (“Agreement”) is entered into as of August 24, 2026 by and between Greenwave Technology Solutions, Inc., a Delaware corporation (the “Company”), and the noteholder whose signature appears on the signature page hereto (“Holder”).
WHEREAS, on December 2, 2024, the Company entered into a Contract of Sale (the “Contract of Sale”) with DWM Properties LLC (“DWM”), KPAJ, LLC and Oceana Salvage Properties, L.L.C. (collectively, the “Sellers”), in each case, an entity affiliated with Danny Meeks, the Company’s Chief Executive Officer, pursuant to which the Company agreed to purchase the Premises (as defined in the Contract of Sale) held by the Sellers for an aggregate purchase price of $15,000,000, to be allocated among the seven parcels comprising the Premises and the Licenses and Premises (as each term is defined in the Contract of Sale), as more fully described in the Contract of Sale;
WHEREAS, the purchase price was payable, in part, by the issuance of a promissory note payable to DWM (the “DWM Note”) in the aggregate principal amount of $11,699,916 with an interest rate of 10% per annum;
WHEREAS, as of the date hereof, the principal balance of the DWM Note, is $5,391,859 (the “Note Amount”); and
WHEREAS, as of the date hereof, the parties also desire to exchange $2,608,141 of other related party amounts owed to Mr. Meeks and his affiliates (the “Other Amount” and together with the Note Amount, the “Exchange Amount”);
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