On March 23, 2021, GreenVision Acquisition Corp. (“GreenVision”) issued a note payable (the “Loan Note”) to Helbiz Inc. (“Helbiz”), pursuant to which, Helbiz made a loan to GreenVision in the amount of $300,000 the proceeds of which may be used by GreenVision for working capital purposes. The Loan Note does not bear interest and is payable on the earlier of (i) the date on which GreenVision consummates the previously announced business combination with Helbiz as contemplated by that certain Merger Agreement and Plan of Reorganization dated February 8, 2021 among GreenVision, Helbiz and the other parties thereto (the “Merger Agreement”) or (ii) the date on which such Merger Agreement is terminated in accordance with the terms thereof. The Loan Note further provides, however, that any payment due upon the closing of the business combination contemplated by the Merger Agreement will be made by reducing Closing Net Debt (as defined in the Merger Agreement) by the amount due under the Loan Note. The Loan Note is subject to customary events of default, including failure by GreenVision to pay the principal amount due pursuant to the Loan Note within five business days of the maturity date and certain bankruptcy events of GreenVision.