# EDGAR Filing Document

**Accession Number:** 0001529113
**File Stem:** 0001213900-26-012273
**Filing Date:** 2026-2
**Character Count:** 217604
**Document Hash:** bf606af6ed7ac9643e16e0f1e981e4df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-012273.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001213900-26-012273

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260129

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** XTI Aerospace, Inc.
- **CENTRAL INDEX KEY:** 0001529113
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 880434915
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36404
- **FILM NUMBER:** 26598715

**BUSINESS ADDRESS:**
- **STREET 1:** 8123 INTERPORT BLVD
- **STREET 2:** SUITE C
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80112
- **BUSINESS PHONE:** 800-680-7412

**MAIL ADDRESS:**
- **STREET 1:** 8123 INTERPORT BLVD
- **STREET 2:** SUITE C
- **CITY:** ENGLEWOOD
- **STATE:** CO
- **ZIP:** 80112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INPIXON
- **DATE OF NAME CHANGE:** 20170301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sysorex Global
- **DATE OF NAME CHANGE:** 20160216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sysorex Global Holdings Corp.
- **DATE OF NAME CHANGE:** 20130808

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): January 29, 2026**

**XTI AEROSPACE, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-36404** | **88-0434915** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **8123 InterPort Blvd., Suite C <br> Englewood, CO** | **80112** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(800) 680-7412**

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered** |
| Common Stock | XTIA | The Nasdaq Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On February 3, 2026 (the "Signing Date" and the "Closing Date"), XTI Aerospace, Inc. (the "Company") completed the disposition of the Inpixon Business (as defined below) pursuant to a Share Purchase and Transfer Agreement (the "SPA") entered into on the same date with EVO 467. GmbH, a German limited liability company (the "Purchaser"). Pursuant to the SPA, the Company sold and assigned to the Purchaser all of the shares (the "Inpixon Shares") of Inpixon GmbH, a German limited liability company ("Inpixon"), for a purchase price of EUR 4,640,000 (approximately $5,475,000 based on the exchange rate on the Signing Date) (the "Purchase Price"), the payment of which is deferred and subject to the Unwind Option, as described below.

Inpixon is the sole shareholder of Aware RTLS, Inc., a Texas corporation ("Aware"), and IntraNav GmbH, a German limited liability company ("IntraNav" and, collectively with Inpixon and Aware, the "Target Group Companies"). Inpixon and IntraNav provide solutions in the field of indoor positioning, real-time localization, and sensor technologies and develop and distribute systems (hardware and software) that use sensor technology, radio technologies, and data analysis to enable the precise location of people, devices, and objects within buildings (the "Inpixon Business").

The Purchase Price bears interest at a rate of 5% per annum from the Signing Date until the fourth anniversary of the Closing Date (the "Maturity Date"), at which time the remaining unpaid balance of the Purchase Price, including all accrued, but unpaid interest, shall be paid in full, subject to the Unwind Option. The Company has the right (the "Unwind Option") to require the Purchaser to transfer back to the Company all (but not less than all) of the Inpixon Shares and any other shares in Inpixon and the other Target Group Companies held by the Purchaser, without the payment of a purchase price or other consideration by the Company. The Company may exercise the Unwind Option by written notice to the Purchaser at any time during the 15-month period (the "Unwind Option Exercise Period") beginning on the first day of the 37<sup>th</sup> month following the Signing Date until the end of the 52<sup>nd</sup> month following the Signing Date.

If the Company exercises the Unwind Option, then all unpaid amounts due on the Purchase Price will be forgiven. If the Company does not exercise the Unwind Option within the Unwind Option Exercise Period, then the Unwind Option will expire and all unpaid amounts due on the Purchase Price will be forgiven. The Purchaser may at any time prior to the Maturity Date discharge the Unwind Option by effecting a cash payment to the Company of at least 50% of the Purchase Price plus accrued interest, after which the Unwind Option will be forfeited.

Immediately prior to the Signing Date, the Company eliminated a shareholder loan with a then outstanding principal balance of EUR 13,193,326.47 (approximately $15.6 million based on the exchange rate on the Signing Date) that it had granted to Inpixon pursuant to a shareholder loan agreement dated January 26, 2021 (the "Inpixon Loan"). Such elimination was effected through a combination of (i) a contribution of the Inpixon Loan receivable into Inpixon's capital reserves to the extent treated as recoverable under applicable law and (ii) the waiver of any remaining non-recoverable portion of the Inpixon Loan pursuant to a waiver agreement between the Company and Inpixon. The ultimate tax characterization and amount of any portion of the Inpixon Loan treated as a capital contribution or as taxable income will be determined in accordance with applicable law. No specific dollar amount of the capital contribution or waived balance has been determined as of the date of this report.

The SPA requires the Purchaser to use commercially reasonable efforts to collect certain accounts receivable of the Inpixon Business existing as of the Signing Date and to cause the Target Group Companies to pay the Company, to the extent collected, the aggregate amount of such accounts receivable minus certain accounts payable of the Inpixon Business existing as of the Signing Date (the amount of the difference, the "Balance") no later than the first anniversary of the Closing Date. Any portion of the Balance that has been collected but remains unpaid after the first anniversary of the Closing Date will accrue interest, from and including such anniversary date until paid in full, at the statutory default interest rate calculated on the basis of the actual number of days elapsed and a 360-day year. The SPA requires the Purchaser to pay and cause the Target Group Companies to pay, and indemnify the Company from all costs arising from, all payroll and other employee obligations of such Target Group Companies as of February 1, 2026.

The SPA contains representations and warranties by the parties and various covenants, including two-year non-competition and non-solicitation covenants by the Company. If the Company exercises the Unwind Option, then such non-competition and non-solicitation covenants will automatically terminate. In addition, pursuant to the SPA, the Company agreed to provide certain accounting and IT systems transition services to the Purchaser for a period not to exceed three months following the Closing Date in exchange for the fees and costs described in the SPA.

The SPA requires the Target Group Companies to use their capital and funds exclusively for bona fide business purposes of the Target Group Companies until the Purchase Price has been paid in full, including reasonable operational expenses, salaries and reasonable management compensation, capital expenditures, product development, and growth initiatives, and prohibits the use of such funds for dividends, distributions to the Purchaser or its equity holders, upstream loans, or any disguised distributions.

The SPA also contains mutual indemnification provisions, subject to certain limitations, including threshold amounts, maximum amounts, and survival periods. The SPA requires the Purchaser to provide the Company with certain financial information and inspection rights until the Purchase Price has been fully paid. The SPA is governed by the laws of the Federal Republic of Germany.

The foregoing description of the SPA does not purport to be complete and is qualified in its entirety by reference to the full text of the SPA, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated by reference herein.

**Item 2.01 Completion of Acquisition or Disposition of Assets.**

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein to the extent required to be disclosed under this Item 2.01.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*Resignation of Soumya Das*

In connection with the planned disposition of the Inpixon Business, the Company and Soumya Das entered into a separation agreement and release (the "Separation Agreement and Release"), effective as of the approval of such agreement by the Company's board of directors (the "Board") at the Board's meeting held on January 29, 2026 (the "Effective Date"). Pursuant to the Separation Agreement and Release, Mr. Das resigned from his positions as a director on the Board, as chief executive officer of the Company's Real-Time Location Systems division and from any and all other positions held with the Company or any of its subsidiaries, effective as of the Effective Date. At the time of his resignation, Mr. Das was not a member of any of the Board's committees. Mr. Das' resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

Pursuant to the Separation Agreement and Release, in consideration for Mr. Das' resignations, the Company agreed to pay him, within 10 business days of the Effective Date and subject to applicable withholding requirements, his unpaid base salary since the last payroll through the Effective Date in the amount of $812.50, his accrued, unused vacation leave in the amount of $31,500, one year of his base salary in the amount of $312,000, one year of his target annual bonus in the amount of $300,000, a bonus for Q4 2025 in the amount of $75,000, and COBRA costs for one year following the Effective Date in an amount to be determined. The Company also agreed to reimburse his pre-approved business expenses and fully vest the options to purchase the Company's common stock that were previously granted to him.

Pursuant to the Separation Agreement and Release, Mr. Das agreed to execute certain documents related to the disposition of the Inpixon Business. The Separation Agreement and Release includes a mutual general release of claims, with certain exceptions as noted therein, as well as mutual non-disparagement and confidentiality provisions.

The foregoing description of the Separation Agreement and Release does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement and Release, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

*Appointment of Jonathan Ornstein to the Board of Directors, the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee*

The Board has determined that Mr. Ornstein is an "independent" director under the applicable rules of the U.S. Securities and Exchange Commission ("SEC") and the Nasdaq Stock Market.

Mr. Ornstein served as chief executive officer of Mesa Air Group, Inc. ("Mesa") from 1998 until November 2025 and as chairman of the board of directors of Mesa from 1999 until November 2025. Following his departure, Mesa completed a merger transaction and changed its name to Republic Airways Holdings Inc. (Nasdaq: RJET). Mr. Ornstein co-founded Virgin Express S.A./N.V., an airline in Brussels, Belgium, where he served as chief executive officer and chairman from 1995 until 1999. In 1994, Mr. Ornstein served as chief executive officer of Continental Express, and was later named senior vice president of airport services for Continental Airlines. Mr. Ornstein served as executive vice president and president of Mesa's then-wholly owned subsidiary WestAir Holding, Inc. from 1988 to 1994. Mr. Ornstein began his career in aviation in 1986 with AirLA, a commuter airline in Los Angeles. Mr. Ornstein attended the University of Pennsylvania.

Mr. Ornstein and the Company entered into a director services agreement dated February 1, 2026 (the "Director Services Agreement"), pursuant to which Mr. Ornstein will receive compensation for his service on the Board consistent with that provided to all of the Company's non-employee directors. The Company's current non-employee director compensation policy is described under the caption "Director Compensation" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on April 15, 2025. Mr. Ornstein will receive the following annual cash retainer fees, payable quarterly in arrears: $50,000 per year for general availability and participation in meetings and conference calls of the Board, $10,000 per year for service as the Nominating and Corporate Governance Committee chair, $10,000 per year for service on the Audit Committee, and $7,500 per year for service on the Compensation Committee. The Company will also reimburse Mr. Ornstein for reasonable expenses incurred in performing his duties as a director.

Mr. Ornstein will also receive an annual grant of stock options pursuant to the Company's 2018 Employee Stock Incentive Plan, as amended from time to time (the "Equity Plan"), with a fair market value equal to his aggregate annual cash retainer based upon a Black-Scholes option pricing model, within 90 days of the end of each fiscal year or such other date as approved by the Board or an authorized committee thereof. The exercise price of the stock options will be equal to the market price of the Company's common stock at the time of grant.

Pursuant to the Director Services Agreement, Mr. Ornstein may elect, by written notice to the Company, any cash compensation to be satisfied, in whole or in part, in the form of a restricted stock grant issuable pursuant to the Equity Plan, subject to the approval of the Board or an authorized committee thereof. The number of shares of common stock issuable pursuant to such restricted stock grant will be equal to the quotient determined by dividing the aggregate cash compensation subject to his election by the closing price of the Company's common stock on the date of grant or such other method approved by the Board or an authorized committee thereof.

The Director Services Agreement provides that Mr. Ornstein may resign from the Board at any time upon 30 days prior written notice to the Company or such shorter period as the parties may agree upon. The Director Services Agreement includes non-competition and non-solicitation covenants by Mr. Ornstein for so long as he is a director and for one year thereafter.

The foregoing description of the Director Services Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Director Services Agreement, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated by reference herein.

Mr. Ornstein and the Company entered into the Company's standard form of indemnification agreement, a copy of which is filed as Exhibit 10.3 to this Current Report on Form 8-K and incorporated herein by reference.

As disclosed above, Mr. Ornstein was previously the chief executive officer of Mesa. Mesa and XTI Aircraft Company, a wholly-owned subsidiary of the Company, are parties to a conditional aircraft purchase agreement relating to the purchase of aircraft at a price to be determined pursuant to the agreement and currently expected to be approximately $1 billion. The purchase price remains subject to significant technical, regulatory, financing, and market contingencies. Mesa's obligations to purchase the aircraft arise only after all material terms are agreed upon, in the discretion of each party. If the parties do not agree on such material terms, either party will have the right to terminate the agreement if such party determines in its discretion that it is not likely that the material terms will be agreed to in a manner consistent with such party's business and operational interests (as those interests may change from time to time). No aircraft purchases have occurred under the agreement.

There are no arrangements or understandings between Mr. Ornstein and any other person pursuant to which Mr. Ornstein was selected as a director. There are no family relationships between Mr. Ornstein and any director or executive officer of the Company. Other than as disclosed above, Mr. Ornstein has not had and will not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Item 7.01 Regulation FD Disclosure.**

On February 4, 2026, the Company issued a press release announcing the appointment of Mr. Ornstein to the Board. A copy of the press release is furnished with this Report as Exhibit 99.1 and is incorporated herein by reference.

The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

**(b) Pro forma financial information.**

The pro forma financial statements reflecting the disposition of the Inpixon Business pursuant to the SPA, to the extent required by this item, will be filed by amendment to this Current Report on Form 8-K.

**(d) Exhibits**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 2.1\* | [Share Purchase and Transfer Agreement, dated February 3, 2026, by and between XTI Aerospace, Inc. and EVO 467. GmbH](ea027549301ex2-1_xtiaero.htm) |
| 10.1+ | [Separation Agreement and Release, dated January 29, 2026, by and between XTI Aerospace, Inc. and Soumya Das](ea027549301ex10-1_xtiaero.htm) |
| 10.2+ | [Director Services Agreement, dated February 1, 2026, by and between XTI Aerospace, Inc. and Jonathan Ornstein](ea027549301ex10-2_xtiaero.htm) |
| 10.3+ | [Form of Indemnification Agreement (incorporated by reference to Exhibit 10.4 to the Company's Current Report on Form 8-K, filed with the SEC on March 15, 2024)](http://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/ea020178401ex10-4_xtiaero.htm) |
| 99.1 | [Press Release dated February 4, 2026](ea027549301ex99-1_xtiaero.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Certain annexes, schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission upon request.

+ Indicates a management contract or compensatory plan, contract or arrangement.

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **XTI AEROSPACE, INC.** | **XTI AEROSPACE, INC.** |
| Date: February 4, 2026 | By: | /s/ Brooke Turk |
|  | Name: | Brooke Turk |
|  | Title: | Chief Financial Officer |

---

## Exhibit 2.1

**Exhibit 2.1**

**Share Purchase and Transfer Agreement**

between

**XTI AEROSPACE, INC.** 

as the Seller

and

**EVO 467. GmbH** as the Purchaser

concerning the sale and purchase of 100 % of the shares in

**Inpixon GmbH**<br> Berlin / Germany

3 February, 2026

**1.**  **Legal Status**  **7** 

**1.1.**  **Inpixon GmbH**  **7** 

1.1.1. **Corporate Information** **7** 

1.1.2. **Share Capital** **7** 

**1.2.**  **IntraNav GmbH**  **7** 

1.2.1. **Corporate Information** **7** 

1.2.2. **Share Capital** **8** 

**1.3.**  **Aware RTLS, Inc.**  **8** 

**2.**  **Sale and Transfer of Inpixon Shares**  **8** 

**2.1.**  **Sale of Inpixon Shares**  **8** 

**2.2.**  **Ancillary Rights**  **8** 

**3.**  **Waiver of Shareholder Loan and Capital Reserve**  **8** 

**3.1.**  **Waiver of Shareholder Loan**  **8** 

**3.2.**  **Seller Contribution to Inpixon Capital Reserve**  **9** 

**4.**  **Purchase Price and Payment**  **9** 

**4.1.**  **Fixed Purchase Price**  **9** 

4.1.1. **Purchase Price** **9** 

4.1.2. **Balance Account Receivables Account Payables** **9** 

**4.2.**  **Deferred Payment of the Purchase Price**  **10** 

4.2.1. **Unwind Option** **10** 

4.2.2. **Financial Information and Inspection Rights** **10** 

4.2.3. **Covenant** **11** 

4.2.4. **Discharge/Forfeiture of the Unwind Option** **12** 

**4.3.**  **Mode of Payment; Set-off**  **12** 

**4.4.**  **Value Added Tax (VAT)**  **12** 

**5.**  **Closing**  **13** 

**5.1.**  **Closing Actions**  **13** 

5.1.1. **Closing, Closing Date** **13** 

5.1.2. **Closing Actions** **13** 

5.1.3. **Waiver of Closing Actions** **13** 

5.1.4. **Closing Confirmation** **13** 

**5.2.**  **New List of Shareholders, PoA**  **14** 

**6.**  **Undertakings Post-Closing**  **14** 

**6.1.**  **Exchange of Directors at IntraNav and Aware**  **14** 

**6.2.**  **IP and Aware.**  **14** 

**6.3.**  **Regulatory Filings**  **14** 

**6.4.**  **Commercial Registry Matters**  **14** 

2/41

**7.**  **Representations and Warranties of the Seller**  **15** 

**7.1.**  **Authority of the Seller**  **15** 

**7.2.**  **Existence, Corporate Status**  **15** 

7.2.1. **Corporate Status** **15** 

7.2.2. **Group Structure** **16** 

**7.3.**  **Ownership and Shareholdings**  **16** 

7.3.1. **Issuance of Shares** **16** 

7.3.2. **Ownership and Free Disposal** **17** 

7.3.3. **Agreements with shareholders or related parties** **17** 

**7.4.**  **Litigation**  **17** 

**7.5.**  **Data Protection**  **17** 

7.5.1. **No Notification of Non-Compliance** **17** 

7.5.2. **No Further Warranty** **18** 

**7.6.**  **Compliance with Laws**  **18** 

**7.7.**  **Permits**  **18** 

**7.8.**  **Employees**  **19** 

**7.9.**  **Financial Statements**  **20** 

7.9.1. **Compliance with GAAP** **20** 

**7.10.**  **Conduct of Business**  **20** 

**7.11.**  **Material Agreements**  **21** 

**7.12.**  **Intellectual Property**  **22** 

**7.13.**  **Information Technology**  **22** 

**7.14.**  **Real Estate**  **23** 

**7.15.**  **Insurance**  **23** 

**7.16.**  **Customers and Suppliers**  **24** 

**7.17.**  **Brokers**  **24** 

**7.18.**  **No further representations**  **24** 

**8.**  **Seller's Liability**  **25** 

**8.1.**  **Compensable damages of the Purchaser, Restitution in kind**  **25** 

**8.2.**  **Limitations of Liability**  **25** 

**8.3.**  **Time limitation**  **25** 

**8.4.**  **Excluded Items**  **26** 

**8.5.**  **Disclosed Matters**  **26** 

8.5.1. **Exclusion of liability in case of Purchaser´s knowledge** **26** 

8.5.2. **Exclusion of liability in case of Purchaser´s deemed knowledge** **27** 

8.5.3. **No Knowledge of Claims** **27** 

3/41

**8.6.**  **No double-dip**  **27** 

**8.7.**  **Notification of a Breach of Warranty**  **27** 

**8.8.**  **Third Party Claim**  **28** 

**8.9.**  **Mitigation**  **28** 

**8.10.**  **No further rights and claims of the Purchaser**  **28** 

**9.**  **Covenants not to Compete; Non-Solicitation/ Operating Capital**  **29** 

**9.1.**  **Covenant**  **29** 

**9.2.**  **Unwind Option Case**  **29** 

**9.3.**  **Operating Capital**  **29** 

**10.**  **Taxes**  **30** 

**10.1.**  **Definitions**  **30** 

**10.2.**  **Tax Indemnification**  **31** 

**10.3.**  **Indemnification Claim**  **31** 

**10.4.**  **Tax Refunds and Overprovisions**  **33** 

**10.5.**  **Tax Covenant**  **33** 

**10.6.**  **Cooperation on Tax Matters**  **34** 

**10.7.**  **Time Limitation**  **35** 

**10.8.**  **Limitations**  **35** 

**11.**  **Representations and Warranties of the Purchaser**  **35** 

**11.1.**  **Purchaser's Warranties**  **35** 

11.1.1. **Acquisition for own Account** **35** 

11.1.2. **Corporate Status and Authority** **35** 

11.1.3. **Brokers** **36** 

11.1.4. **No approval of Authorities** **36** 

**11.2.**  **Remedies of Sellers**  **36** 

**12.**  **Purchaser's Undertaking**  **36** 

**12.1.**  **Subordination of Claims**  **36** 

**12.2.**  **Indemnity**  **37** 

**13.**  **Transition of Business**  **37** 

**13.1.**  **General Cooperation**  **37** 

**14.**  **Governing Law; Dispute Resolution**  **37** 

**14.1.**  **Governing Law**  **37** 

**14.2.**  **Arbitration**  **37** 

**15.**  **Miscellaneous**  **37** 

**15.1.**  **Notices**  **37** 

**15.2.**  **Confidentiality**  **39** 

**15.3.**  **Fees and Expenses**  **40** 

**15.4.**  **Entire Agreement**  **40** 

**15.5.**  **Amendments and Waivers**  **40** 

**15.6.**  **Assignment**  **40** 

**15.7.**  **Interpretation**  **40** 

**15.8.**  **Severability**  **41** 

4/41

**Definitions**

---

| | |
|:---|:---|
| **2025 PO** | 29 |
| **Account Payables** | 9 |
| **Accounting System Transition** | 11 |
| **Accounts Receivable** | 9 |
| **Addition to Capital Reserve** | 9 |
| **Affiliate** | 41 |
| **Agreement** | 7 |
| **AktG** | 16 |
| **Arrow Electronics** | 29 |
| **Aware** | 6, 8 |
| **Aware Assets** | 6 |
| **Aware Bill of Sale** | 6 |
| **Aware Business** | 6 |
| **Aware Contracts** | 14 |
| **Aware Share** | 6 |
| **Aware Shares** | 6 |
| **Balance Accounts Receivable / Accounts Payable** | 9 |
| **BGB** | 15 |
| **Breach** | 25 |
| **Breach Notice** | 28 |
| **Business Day** | 41 |
| **Closing** | 13 |
| **Closing Date** | 13 |
| **Competing Business** | 29 |
| **Contract Manufacturer** | 29 |
| **Financial Statements** | 20 |
| **GmbHG** | 14 |
| **HR System Transition** | 11 |
| **Indemnifiable Taxes** | 31 |
| **Inpixon** | 6 |
| **Inpixon Business** | 6 |
| **INPIXON Shares** | 6 |
| **InsO** | 16 |
| **IntraNav** | 6 |
| **IntraNav Shares** | 8 |
| **IP Rights** | 22 |
| **IT System Transition** | 11 |
| **Key Employees** | 19 |
| **LaaS** | 9 |
| **Leased Real Property** | 23 |
| **Material Agreements** | 21 |
| **Maturity Date** | 10 |

---

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| | |
|:---|:---|
| **Option Shares** | 10 |
| **Ordered Components** | 29 |
| **Overprovision** | 33 |
| **Parties** | 6 |
| **Party** | 6 |
| **Products** | 29 |
| **Public Permits** | 18 |
| **Purchase Price** | 9 |
| **Purchaser** | 6 |
| **Reconciliation Period** | 9 |
| **Relevant Tax Proceedings** | 34 |
| **Scheduled Closing Date** | 13 |
| **Seller** | 6 |
| **Sellers Bank Account** | 12 |
| **Seller's Best Knowledge** | 17 |
| **Seller's Warranties** | 15 |
| **Seller's Warranty** | 15 |
| **Share** | 6 |
| **Shareholder Loan** | 6 |
| **Shareholder Loan Agreement Inpixon** | 6 |
| **Shareholder Loan Agreement IntraNav** | 6 |
| **Shareholder Loan Inpixon** | 6 |
| **Shareholder Loan IntraNav** | 6 |
| **Shareholder Loan Waiver** | 8 |
| **Shareholder Loan Waiver Inpixon** | 8 |
| **Shareholder Loan Waiver IntraNav** | 8 |
| **Signing Date** | 6 |
| **Target Group Companies** | 6 |
| **Tax Authorities** | 30 |
| **Tax Benefit** | 31 |
| **Tax Indemnification Claim** | 31 |
| **Tax Refund** | 33 |
| **Tax Return** | 30 |
| **Taxes** | 30 |
| **Third Party Claim** | 28 |
| **Transaction** | 6 |
| **Unwind Buy-Out Amount** | 12 |
| **Unwind Option** | 10 |
| **Unwind Option Exercise Period** | 10 |
| **Unwind Option Notice** | 10 |
| **Unwind Payment** | 12 |
| **UStG** | 12 |
| **VAT** | 12 |

---

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**sHARE purchase and transfer agreement** 

between

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **XTI Aerospace, Inc.**, a Nevada/US corporation, having its business address at 8123 S. InterPort
Boulevard, Englewood, Colorado 80112 / USA

(the "**Seller**");

and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **EVO 467. GmbH** (in future: Inpixon Holding GmbH) **,** a limited liability company under the laws
of Germany, having registered with the commercial register (*Handelsregiste* r) of the local court (*Amtsgericht*) of Frankfurt
am Main under HRB 141107

(the "**Purchaser**")

The Seller and the Purchaser hereinafter also referred to jointly as the "**Parties**" and each as a "**Party**".

 **WHEREAS,**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The Seller is the sole shareholder of Inpixon GmbH,
a company with limited liability organized under the laws of Germany, with registered office in Berlin / Germany and having its business
address at Knesebeckstraße 62/63, 10719 Berlin / Germany, registered with the commercial register of the local court (*Amtsgericht*)
of Berlin Charlottenburg under HRB 42324 B ()"**Inpixon** "). Inpixon's registered share capital amounts to a
total nominal value of EUR 656,830.00 divided into 656,830 shares with serial nos. 1 to 656,830 having a nominal amount of EUR 1.00
each (each an "**Inpixon Share**" and jointly the "**Inpixon Shares** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Inpixon is the sole shareholder of Aware RTLS,
Inc., a Texas/US corporation, having its registered office at 15505 Wright Brothers Dr., Suite 2B, Addison, Texas 75001 ()"**Aware** "). Aware has one million common shares authorized, of which 1,000 shares (each an "**Aware Share** "
and jointly the "**Aware Shares**") were issued to Seller in exchange for the Seller's contribution of all those
assets (the "**Aware Assets**" pursuant to that certain Bill of Sale, dated January 26, 2026 (the "**Aware Bill of Sale**") used by Seller in connection with the operation of the Aware (the "**Aware Business**") prior to Seller's
formation of Aware on January 26, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Inpixon holds all shares in IntraNav GmbH, a company with limited liability
organized under the laws of Germany, registered with commercial register (*Handelsregister*) of the local court (*Amtsgericht*)
of Frankfurt am Main under HRB 92924 ()"**IntraNav** ", jointly with Inpixon the "**German Target Group Companies** ",
the Germany Target Group Companies jointly with Aware the "**Target Group Companies** ").

(D) The German Target Group Companies provide solutions
in the field of indoor positioning, real-time localization, and sensor technologies and they develop and distribute systems (hardware
and software) that use sensor technology, radio technologies (e.g., UWB, BLE, RFID), and data analysis to enable the precise location
of people, devices, and objects within buildings ()"**Inpixon Business** ").

(E) Under the shareholder loan agreement dated 26 January 2021 attached as  **<u>Schedule (E)</u>** (the "**Shareholder Loan Agreement Inpixon** "), the Seller has granted Inpixon a shareholder loan (hereinafter
jointly with any other loans Seller granted to Inpixon in the past, collectively, the "**Shareholder Loan Inpixon**") with
the total outstanding principal balance of such Shareholder Loan being in the amount of EUR 13,193,326.47.

(F) Inpixon used such funds partly for providing intra-company financing
 to its subsidiary IntraNav. Under the shareholder loan agreement dated 23 August 2021 attached as  **<u>Schedule (F)</u>** <u>(</u> the "**Shareholder Loan Agreement IntraNav**" as well as any other oral or written loan arrangements (the
 "**Shareholder Loan IntraNav** "), Inpixon has granted a line of credit to IntraNav with the total outstanding
 principal balance of such Shareholder Loan IntraNav being in the amount of 5,875,273.12. (the "Shareholder Loan Inpixon and
 the Shareholder Loan IntraNav together the Shareholder Loan"),).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) The Seller is currently restructuring Seller's group of companies
and disposes of non-core business operations. The German Target Group Companies are in financial distress.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) The Purchaser is a newly incorporated acquisition vehicle that is currently
fully owned by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **Wegesrand Technologie Holding GmbH** (in the future: Texentium Labs GmbH),
August-Pieper-Straße 4, 41061 Mönchengladbach, registered with the commercial register of the local court of Mönchengladbach
under HRB 19405, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **Fyrish Ventures AB,** with registered seat in Sollentuna, Sweden, registered
with the Bolagsverket (Swedish Companies Registration Office) under registration number 559005-1651.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) The Seller wishes to sell to the Purchaser, and the Purchaser is willing
to acquire all shares in Inpixon from the Seller granted to Inpixon upon the terms and conditions set forth in this share purchase and
transfer agreement (the "**Agreement** "). (the "**Transaction** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J) "**Signing Date**" means the day on which this Agreement
is notarized.

Now therefore, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Legal Status</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Inpixon GmbH</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.1. <u>Corporate Information</u> 

Inpixon GmbH (formerly named (*firmierend*) Nanotron Technologies GmbH) is a company with limited liability (*Gesellschaft mit beschränkter Haftung*, *GmbH*) with registered office in Berlin / Germany, having its business address at Knesebeckstraße 62/63, 10719 Berlin / Germany and registered with the commercial register (*Handelsregister*) of the local court (*Amtsgericht*) of Berlin Charlottenburg under HRB 42324 B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.2. <u>Share Capital</u> 

Inpixon's registered share capital amounts to a total nominal value of EUR 656,830.00 divided into 656,830 shares with serial nos. 1 to 656,830 having a nominal amount of EUR 1,00 each. The Seller is the sole shareholder of Inpixon and holds all shares in Inpixon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>IntraNav GmbH</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1. <u>Corporate Information</u> 

IntraNav GmbH is a company with limited liability (*Gesellschaft mit beschränkter Haftung, GmbH*) with registered office in Eschborn / Germany, having its business address at Frankfurter Strasse 27, 65760 Eschborn / Germany and registered with the commercial register (*Handelsregister*) of the local court (*Amtsgericht)* of Frankfurt am Main under HRB 92924.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2. <u>Share Capital</u> 

The registered share capital of IntraNav GmbH amounts to a total nominal value of EUR 52,829.00. It is divided into 52,829 shares with the serial nos. 5 through 52,833, having a nominal amount of EUR 1.00 each. All shares, except for the shares with serial nos. 14,380 through 15,629, which are owned by IntraNav itself, are held by Inpixon (the shares held by Inpixon the "**IntraNav Shares**"). The current list of shareholders filed with the commercial register does not yet reflect the change of Inpixon's name from Nanotron Technologies GmbH to Inpixon GmbH and, therefore, needs to be updated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. <u>Aware RTLS, Inc.</u> 

Aware RTLS, Inc., a Texas/US corporation, having its registered office at 15505 Wright Brothers Dr., Suite 2B, Addison, Texas 75001 ("**Aware**"). Aware has one million common shares authorized, of which 1,000 shares (each an "**Aware Share**" and jointly the "**Aware Shares**") were issued to Seller in exchange for the Seller's contribution of all those assets (the "**Aware Assets**" pursuant to that certain Bill of Sale, dated January 26, 2026 (the "**Aware Bill of Sale**") used by Seller in connection with the operation of the Aware (the "**Aware Business**") prior to Seller's formation of Aware on January 26, 2026. Seller has contributed all of its Aware Shares to Inpixon, as of January 29, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Sale and Transfer of Inpixon Shares</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Sale of Inpixon Shares</u> 

The Seller hereby sells and assigns (*verkauft und tritt ab*) all of the Inpixon Shares to the Purchaser upon the terms and conditions of this Agreement. The Purchaser hereby accepts such sale and assignment and purchases the Inpixon Shares from the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Ancillary Rights</u> 

The sale and transfer of the Inpixon Shares shall include all ancillary rights appertaining thereto (*Nebenrechte*) including the right to receive all profits for the financial year beginning on 1 January 2026 and the right to any accrued profits for all previous financial years if and to the extent they have not been distributed to the Seller before the Signing Date. Any subsequent amendments to the annual accounts of the German Target Group Companies after the Signing Date shall not entitle the Seller to any subsequent dividend rights in case of surplus profits or the Purchaser to a purchase price adjustment in case of a shortfall in profits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Waiver of Shareholder Loan and Capital Reserve</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Waiver of Shareholder Loan</u> 

Immediately prior to the Signing Date, the Seller waived its claim for repayment under the Shareholder Loan Inpixon including accrued interest (the "**Shareholder Loan Waiver Inpixon**") in a waiver letter substantially in the form of the draft attached as **<u>Schedule 3.1</u>**.

Immediately prior to the Signing Date, Inpixon waived its claim for repayment under the Share-holder Loan IntraNav including accrued interest (the "**Shareholder Loan Waiver IntraNav**", together with the Shareholder Loan Waiver Inpixon, the "**Shareholder Loan Waiver**").

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Seller Contribution to Inpixon Capital Reserve</u> 

At or prior to the Signing Date, Seller shall contribute to the capital reserve of Inpixon USD 500,000 (the "**Addition to Capital Reserve**"**).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Purchase Price and Payment</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Fixed Purchase Price</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1. <u>Purchase Price</u> 

The total (net) purchase price for the sale and transfer of the Inpixon Shares amounts in total to EUR 4,640,000 (in words: Euro Four Million Six Hundred Forty Thousand) (the "**Purchase Price**"). The Purchase Price is a fixed price and is not subject to any adjustment, subject to Section 4.2 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2. <u>Balance Account Receivables Account Payables</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** "**Accounts Receivable**" shall mean all trade receivables of the Inpixon Business existing
as of the Signing Date, as reflected in **Schedule 4.1.3(a)**,  ***excluding*** any amounts recorded or treated as deferred
revenue, including (without limitation) deferred revenue relating to location-as-a-service ()"**LaaS**") products for which
hardware has been installed but revenue has not yet been recognized for accounting purposes. For the avoidance of doubt, such excluded
deferred revenue is currently estimated to be approximately **EUR 500,000**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** The "**Account Payables**" shall mean the payables in accounts the Inpixon Business has
as of the Signing Date, as reflected in **Schedule 4.1.3(b)**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** "**Balance Accounts Receivable / Accounts Payable**" means the aggregate amount of the
Accounts Receivable minus the Accounts Payable, in each case as of the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** The Purchaser shall use, and shall procure that the Target Group Companies use commercially reasonable
efforts to collect the Account Receviable, and shall procure that the Target Group Companies pay the Balance Accounts Receivable / Accounts
Payable to the Seller to the extent collected, no later than the first anniversary of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** The Balance Accounts Receivable / Accounts Payable shall be interest-free and free of any penalties, collection
fees, or other charges in respect of amounts collected and paid in full on or before the first anniversary of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**f)** Any portion of the Balance Accounts Receivable / Accounts Payable that has been collected but remains
unpaid after the first anniversary of the Closing Date shall accrue interest, from and including such anniversary date until paid in full,
at the statutory default interest rate in the event of default. Interest shall be calculated on the basis of a 360 day year and the actual
number of days elapsed. No additional default premium, late fee, penalty, or collection charge shall apply for delayed payment of the
Balance Accounts Receivable / Accounts Payable. The Parties agree to reconcile the exact Accounts Receivable and Accounts Payables within
30 days following the Closing Date (the "**Reconciliation Period** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**g)** For purposes of determining amounts collected and outstanding under the Balance Accounts Receivable /
Accounts Payable, the Purchaser shall apply any cash receipts received from customers first to the Accounts Receivable included in the
Balance Accounts Receivable / Accounts Payable, prior to applying such receipts to any post-Closing receivables from the same customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**h)** Purchaser shall pay and cause the Target Group Companies to pay and be responsible for all payroll and
other employee obligations of such Target Group Companies as of 1 February 2026, irrespective of the Signing Date or the Closing
Date. The Purchaser shall therefore indemnify the Seller from all costs arising from payroll and other employee obligation of the Target
Group Companies as of 1 February 2026.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Deferred Payment of the Purchase Price</u> 

The Purchase Price shall not become due and payable to the Seller as of the Signing Date but be deferred and bear interest at rate of 5% per annum as from the Signing Date until the fourth anniversary of the Closing Date (the "**Maturity Date**") as which time the remaining unpaid balance of the Purchase Price, including all accrued, but unpaid interest, shall be paid in full, subject to the provisions of Section 4.2 below, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.1. <u>Unwind Option</u> 

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| | |
|:---|:---|
| a.) | The Seller shall have the right ("**Unwind Option**") to require the Purchaser to (re)transfer to Seller, all of the Inpixon Shares, as well as any other shares in Inpixon (inclusive of the other Target Group Companies, jointly the "**Option Shares**"), when the Seller exercises the Unwind Option. |

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| | |
|:---|:---|
| b.) | The transfer of the Option Shares shall include all ancillary rights appertaining thereto (*Nebenrechte*) including the right to receive all profits for the then running financial year beginning and the right to any accrued profits for all previous financial years if and to the extent they have not been distributed to the Purchaser before. Section 2.2, last sentence, shall apply correspondingly. |

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| | |
|:---|:---|
| c.) | The Seller may exercise the Unwind Option by written notice to the Purchaser (the "**Unwind Option Notice**") at any time during that fifteen (15) month period (the "**Unwind Option Exercise Period**") beginning on the first day of the thirty-seventh (37<sup>th</sup>) month following the Signing Date and continuing to the end of the fifty-second (52<sup>nd</sup>) month following the Signing Date. |

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| | |
|:---|:---|
| d.) | The Unwind Option applies to the entirety of the Option Shares (and not only a certain part and/or amounts thereof). |

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| | |
|:---|:---|
| e.) | Immediately upon the exercise of the Unwind Option by the Seller, the Seller and Purchaser shall take all necessary actions and make all necessary declarations and enter into any necessary agreements in the required legal form to complete the (re)assignment of the Option Shares to the Seller. The assignment of the Option Shares shall be made without payment of a purchase price or other remuneration and by granting customary warranties in a scope similar to those granted by Seller to Purchaser under this Agreement. The costs for the notarization (if any) of the related agreements shall be borne by the Seller. |

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f.) If the Seller exercises the Unwind Option, the Purchaser shall not have any claim against the Seller or the Target Group Companies for damages, indemnification or any other cost compensation or remuneration.

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| | |
|:---|:---|
| g.) | If the Seller exercises the Unwind Option, all unpaid amounts due to the Purchase Price, shall be forgiven. |

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| | |
|:---|:---|
| h.) | Should the Seller not exercise the Unwind Option within the Unwind Option Exercise Period, then (i) the Unwind Option will be forgiven and expire without any compensation, and (ii) all unpaid amounts due on the Purchase Price, shall be forgiven. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.2. <u>Financial Information and Inspection Rights</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) **Delivery of Financial Statements and Information.** Until the Purchase Price has been fully paid, Purchaser
shall provide and procure or instruct the Target Group Companies to provide to the Seller such information regarding the operations, assets,
liabilities and financial condition of the Purchaser and the Target Group Companies as the Seller may reasonably request for the purpose
of obtaining an overview of the Target Group Companies' economic and financial situation. The information to be provided shall in
particular comprise for each Target Group Company (i) the annual financial statements (including balance sheet, profit and loss statement
and notes, a statement of cash flows, and changes in equity as to Purchaser or any of the Target Group Companies), (ii) the management
accounts (*Betriebswirtschaftliche Auswertung*) for the last calendar year and (iii) an overview of all account receivables and accounts
payable of the Target Group Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) **Inspection** **Rights.** In addition,
the Purchaser shall procure that Seller gets access to appropriate members of senior management to discuss with the Seller in person or
via video conference the financial performance and outlook of the Target Group Companies and answer any queries that the Seller may raise
in connection with the economic and financial situation.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.3. <u>Covenant</u> 

a.) The Seller agrees to assist Purchaser in the transition of Accounting and IT Systems, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **Accounting Systems Transition.** 

Seller shall assist Purchaser and the Target Group Companies in transitioning the Target Group Companies' accounting and financial data from Seller's existing accounting systems (including Seller's ERP and related financial platforms) to such accounting systems and software as Purchaser may elect to use (the **"Accounting Systems Transition"**). For a reasonable transitional period not to exceed three (3) months following the Closing Date, Seller shall make certain of its accounting and finance personnel reasonably available to assist Purchaser and the Target Group Companies in connection with the Accounting Systems Transition.

All such assistance shall be provided on a **fee-for-service basis**, and Purchaser shall reimburse Seller for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) all time spent by Seller's personnel in connection with the Accounting Systems Transition, charged at Seller's then-current internal or external cost rates (as applicable), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) all **direct, allocable accounting system costs** incurred by Seller during the transition period that are attributable to the Target Group Companies, including without limitation ERP system fees, accounting software subscriptions, reporting tools, and related third-party service costs, in each case plus reasonable out-of-pocket expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** **HR Systems and Payroll Support.** 

To the extent Seller provides transitional access to, or support in connection with, human resources, payroll, or employee administration systems used by the Target Group Companies prior to the Closing Date (including, without limitation, BambooHR or similar platforms) (the "**HR System Transition**"), Purchaser shall reimburse Seller for all **direct, allocable HR system costs**, subscription fees, and personnel time incurred by Seller in support of the Target Group Companies during the applicable transition period not to exceed three (3) months following the Closing Date, on the same fee-for-service basis described above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii)** **IT Systems Transition and Subscription Costs** 

Seller shall, upon Purchaser's reasonable request, assist Purchaser and the Target Group Companies in transitioning certain software systems, IT infrastructure, and technology tools used by the Target Group Companies prior to the Signing Date and which Purchaser desires the Target Group Companies to continue using (the "**IT Systems Transition**"). Seller shall make certain of its personnel reasonably available to assist with such IT Systems Transition for a reasonable period not to exceed three (3) months following the Closing Date.

Purchaser acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the Target Group Companies shall be responsible for obtaining and maintaining their own software licenses and third-party rights following the Closing Date, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Purchaser shall reimburse Seller for all **direct, allocable IT system and subscription costs** incurred by Seller during the transition period that are attributable to the Target Group Companies, including without limitation Microsoft licenses, cloud services, security tools, collaboration software, hosting services, and other SaaS or IT subscriptions, whether prepaid by Seller or paid by Seller to maintain continuity of operations.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv)** **Invoicing and Payment.** 

Seller shall invoice Purchaser monthly for all personnel time, system costs, subscription fees, and out-of-pocket expenses incurred pursuant to this Section. Purchaser shall pay such invoices in accordance with Seller's standard payment terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(v)** **No Ongoing Obligation.** 

Seller shall have no obligation to provide any accounting, HR, IT, or other operational services to Purchaser or the Target Group Companies following the expiration of the applicable transition periods. Nothing herein shall be construed as creating a transition services agreement or any obligation beyond the limited, paid transitional assistance expressly described in this Section.

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| | |
|:---|:---|
| b.) | The Purchaser undertakes towards the Seller to procure, and exercise its membership rights in Inpixon respectively (for instance by instructing Inpixon's managing director(s) and passing shareholder's resolutions respectively) that, until the Purchase Price (together with any accrued, but unpaid interest) has been paid in full, the Target Group Companies will use their capital and funds exclusively for bona fide business purposes of the Target Group Companies and their businesses, including reasonable operational expenses, salaries and reasonable management compensation, capital expenditures, product development, and growth initiatives and not for dividends, distributions to Purchaser or its equity holders, upstream loans, or any disguised distributions. Reasonable management fees and salaries paid by the Target Group Companies to members of Purchaser for bona fide services rendered to the Target Group Companies, and distribution of EUR 130,000 to the Parties to pay legal and advisory fees incurred in connection with the Transaction, are expressly permitted. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.4. <u>Discharge/Forfeiture of the Unwind Option</u> 

The Purchaser may at any time prior to the Maturity Date, discharge Seller's Unwind Option by effecting a payment (the "**Unwind Payment**") of at least 50% of the entire Purchase Price plus interest pursuant to Section 4.2 above accrued as per and including the actual payment date in cash to the Seller (the "**Unwind Buy-out Amount**") and thereafter the terms of Section 4.2.1 shall no longer be applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Mode of Payment; Set-off</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Any payments to be made by the Purchaser to the Seller under this Section 4 shall be made in EUR without
deduction by irrevocable wire transfer of immediately available funds to the bank accounts set forth in  **<u>Schedule 4.3</u>** (the
" **Seller's Bank Account** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Unless expressly agreed otherwise under this Agreement, all payments due under or in connection with this
Agreement shall bear interest at the statutory default interest rate in the event of default by one of the Parties. Interest shall be
calculated on the basis of the actual number of days elapsed and a year of 360 days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Unless expressly provided otherwise in this Agreement, any right to set-off (*Aufrechnung*) and /
or retention right (*Zurückbehaltungsrecht*) of a Party under this Agreement shall be excluded and is hereby expressly waived
by the Parties unless the respective counterclaim in question is undisputed or has been finally awarded (*rechtskräftig*) by
a court or in arbitration in favor of the Party entitled to such right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>Value Added Tax (VAT)</u> 

It is the joint understanding of the Parties that the Transaction is either not subject to value added tax (or comparable foreign tax) ("**VAT**") or exempt from VAT. The Seller will refrain from waiving any VAT exemptions and will not opt for VAT. If Seller must pay VAT, the Purchase Price shall be increased by the amount of such VAT, unless such VAT is owed as result of waiving a VAT exemption and opting for VAT. The Purchaser is obliged to pay the relevant additional amounts to the Seller within ten (10) Business Days after receipt of a proper invoice in accordance with sections 14, 14a German VAT Act (*Umsatzsteuergesetz,* "***UStG***") or comparable provisions of a law of any other applicable jurisdiction.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Closing</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. <u>Closing Actions</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.1. <u>Closing, Closing Date</u> 

Immediately following the notarization of this Agreement, or on such other date as mutually agreed upon by the Parties, and provided that on such date the Closing Condition continues to be fulfilled or waived, the Parties shall consummate the Closing Actions (as defined below), which in their entirety shall constitute the "**Closing**".

The Closing shall primarily take place virtually by carrying out the Closing Actions by exchanging and/or signing the required documentation electronically (e-mail, fax or electronic signature), unless statutory law provides for a stricter form requirement.

Any matters which require the physical presence of any individuals to be carried out shall take place at such location(s) as mutually agreed upon by the Parties on the Closing Date.

The day on which the Closing is supposed to take place shall be referred to as the "**Scheduled Closing Date**". The day on which the Closing actually takes place and is completed shall be referred to as the "**Closing Date**".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.2. <u>Closing Actions</u> 

On or before the Scheduled Closing Date, the Parties shall take simultaneously (*Zug um Zug*) the following actions (the "**Closing Actions**"), to the extent they have not already been performed before:

The Seller shall pass together with the Purchaser a shareholder's resolution of Inpixon substantially in the form of the draft attached as **<u>Schedule 5.1.2 (A)</u>**, withdrawing the appointment of Mr Soumya Das as managing director of Inpixon and appointing Mr. David Almström as the new managing director of Inpixon with immediate effect as of the Closing Date and to effect the corresponding register filings no later than within 3 Business Days as from the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Seller shall indemnify, defend, and hold harmless the Purchaser and
the relevant Target Group Company(ies) from and against any and all liabilities, claims, damages, losses, costs, and expenses (including
reasonable attorneys' fees) arising from or related to the withdrawal of the appointment of Mr. Soumya Das as managing director of Inpixon
and IntraNav; and of Michael Tapp as director of Aware; and the termination of any agreements with the directors of the Target Group Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.3. <u>Waiver of Closing Actions</u> 

The Purchaser may waive the Closing Actions set forth in Sections 5.1.2 by written notice to the Seller. The effect of a waiver shall be limited to eliminating the need that the respective Closing Action is being taken at the Closing and shall not limit or prejudice any claims any Party may have with respect to any circumstances relating to such Closing Action not being taken pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.4. <u>Closing Confirmation</u> 

After all Closing Actions have been performed or waived, the Parties shall vice versa confirm in a written document, a draft of which is attached hereto as **<u>Schedule 5.1.4</u>** (the "**Closing Confirmation**") that the Closing Actions have been performed or waived and that the Closing has occurred. The legal effect of the Closing Confirmation shall be limited to serving as evidence that all Closing Actions have been performed or waived and that the Closing has occurred, but the execution of the Closing Confirmation shall not limit or prejudice the rights of the Parties arising under this Agreement or under applicable law. The Parties will provide the acting notary with a copy of the Closing Confirmation once executed.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. <u>New List of Shareholders, PoA</u> 

The Parties hereby irrevocably instruct the acting notary to file a new list of shareholders in accordance with Sec. 16 para 1 and Sec. 40 para 2 German Limited Liabilities Companies Act (*Gesetz betreffend die Gesellschaften mit beschränkter Haftung*, "***GmbHG***") with the commercial register of Inpixon after the notary has received the Closing Confirmation duly executed and signed by the Seller and the Purchaser.

The Seller hereby irrevocably authorizes the Purchaser, with effect as of the Closing, to participate in shareholders' meetings of Inpixon and to exercise their voting rights in relation to the shares of Inpixon and to resolve shareholders' resolutions on behalf of the Seller before the Purchaser is deemed to be the holder of the Inpixon Shares in relation to Inpixon pursuant to Sec. 16 para 1 sentence 1 GmbHG.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Undertakings Post-Closing</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. <u>Exchange of Directors at IntraNav and Aware</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Purchaser shall procure, and instruct the managing director(s) of Inpixon respectively, to pass immediately
following Closing a shareholder's resolution of IntraNav withdrawing the appointment of Mr Soumya Das as managing director of IntraNav
and to effect the corresponding register filings within 3 Business Days as from the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Purchaser shall procure, and instruct the managing director(s) of Inpixon respectively, to execute
an Action by Unanimous Written Consent of Shareholder of Aware revoking Michael Tapp as the sole director of Aware and appointing a new
director(s) and register filings within 3 Business Days as from the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. <u>IP and Aware.</u> 

The Parties shall take the following actions, immediately after Closing, to the extent they have not already been performed before

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| a.) | The Seller assigns the contracts listed in **Schedule 6.2** (the "**Aware Contracts**") to Aware. |

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b.) The Seller will provide the Purchaser with evidence sufficient to the Purchaser that Inpixon has all official permits, licenses, certificates and concessions to own and use the product "Nanotron".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3. <u>Regulatory Filings</u> 

The Parties assume that no registration, filing, application, notice, approval or waiver from any court or governmental authority is necessary for the conclusion and execution of this Agreement. However, the Parties will, immediately after Closing, assess if the conclusion and execution of this Agreement and the legal transactions contemplated herein by the Purchaser, require a registration, filing, application, notice, approval or waiver from any court or governmental authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4. <u>Commercial Registry Matters</u> 

The current list of shareholders for Inpixon filed with the commercial register does not yet reflect the change of Seller's name from Inpixon, Inc. to XTI Aerospace, Inc. and, therefore, needs to be updated.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Representations and Warranties of the Seller</u> 

The Seller hereby warrants to the Purchaser by way of independent guarantee pursuant to Sec. 311 para 1 of the German Civil Code (*Bürgerliches Gesetzbuch*, "***BGB***") and subject to the requirements and limitations provided in this Sec. 7 or otherwise in this Agreement that the following statements in Section 7.1 to Section 7.17 (jointly "**Seller's Warranties**" and each a "**Seller's Warranty**") are true and accurate as of the Signing Date and at any such other date specifically mentioned in any respective Seller's Warranty, except as disclosed otherwise in Schedules or as expressly set forth otherwise in this Agreement.

The Parties agree that

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| a.) | the Seller's Warranties neither constitute a quality agreement within the meaning of Sec. 434 para 1 BGB (*Beschaffenheitsvereinbarung*) nor a quality guaranty concerning the object of the purchase within the meaning of Sec. 444 BGB (*Garantie für die Beschaffenheit der Sache*); |

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| b.) | the Seller's Warranties are given on the basis that they are to be regarded as an allocation of risks between the Parties. This particularly applies with respect to forward looking Warranties. The Purchaser therefore acknowledges and agrees in this regard that any lack of any independent examinations or verifications of the Seller's Warranties by the Seller shall in no event be regarded as acting in a fraudulent manner (*keine Arglist aufgrund von Angaben "ins Blaue hinein"*); |

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|:---|:---|
| c.) | the Seller's best knowledge comprises all circumstances and facts the persons listed in **<u>Schedule 7c.)</u>** actually know as of the Signing Date or could have known if they had made a reasonable inquiry with the Target Group Companies in accordance with the standard of care of a prudent businessman (*Sorgfalt eines ordentlichen Geschäftsmannes*, section 43 para. 1 of the Limited Liability Companies Act) ("**Seller's Best Knowledge"**); |

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d.) any reference to Euros (EUR) contained herein for the purpose of any disclosure thresholds or the like shall include the equivalent in any foreign currency at the exchange rate officially determined by the European Central Bank on the Signing Date; and

e.) the liability of the Seller is subject to the terms and limitations set forth in Section 8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. <u>Authority of the Seller</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Seller has all requisite authority and full legal capacity to enter into and perform his obligations
under this Agreement and to consummate the Transaction contemplated herein. All required approvals of any corporate body of the Seller
have been given, to the extent legally required under applicable laws to execute this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The execution and consummation of this Agreement and of the transactions contemplated therein by the Seller
does not violate the articles of association, partnership agreement or other corporate documents, as the case may be, or any other legal
obligations of the Seller and is not subject to challenge (*Anfechtung*) by any third party on any legal basis, including any creditor
protection laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. <u>Existence, Corporate Status</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.1. <u>Corporate Status</u> 

The information set out in Section 1 concerning the Target Group Companies is correct. The German Target Group Companies have been duly incorporated and are duly existing under the laws of the Federal Republic of Germany. Aware has been duly incorporated and is duly existing under the laws of Texas, United States of America. No written notice of termination has been given, and no termination has been announced in writing, by any shareholder of the Target Group Companies.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.2. <u>Group Structure</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The statements contained in Section 1 regarding the ownership, the legal and capital structure of
the Target Group Companies are complete and correct. Other than the shares in IntraNav and Aware, the Target Group Companies do not hold
any participations in other companies and are not obliged to acquire such participations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Target Group Companies are not parties to any intercompany agreement within the meaning of Secs. 291,
292 of the German Stock Corporation Act (*Aktiengesetz, "**AktG** "*) or comparable provisions under foreign law or
silent partnership agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The current excerpts of the German Target Group Companies are attached hereto as  **<u>Schedule 7.2.2 (3)</u>** The Purchaser is aware that the entries of the commercial register of the German Target Companies and the list of shareholders
of the German Target Companies filed with the commercial register are not up-to-date and do not reflect all information that needs to
be registered with the respective German commercial register and information on and documents of the German Target Group Companies required
to be submitted to the respective commercial register may not have been duly, completely, accurately and timely registered or filed with
the competent commercial register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) With exception of the supervisory board of IntraNav, none of the Target Group Companies has a supervisory
board (*Aufsichtsrat*), advisory board (*Beirat*), board of directors (*Verwaltungsrat*) or similar body or is obliged
to create such a body.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) To the Seller's Best Knowledge, no insolvency or similar proceedings have been, or have been threatened
in writing to be, opened or applied for regarding the assets of Inpixon, IntraNav or Aware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) The Purchaser is aware that the German Target Group Companies are in financial distress and may face illiquidity
(*Zahlungsunfähigkeit*) or over-indebtedness (*Überschuldung*) within the meaning of Sec. 18 of the German Insolvency
Code (*Insolvenzordnung*, "  ***InsO***") , and that there may be circumstances
which would require or justify the opening of or application for insolvency proceedings regarding the assets of Inpixon and/or IntraNav.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. <u>Ownership and Shareholdings</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.1. <u>Issuance of Shares</u> 

The Inpixon Shares, the Aware Shares and the IntraNav Shares have been effectively issued, fully paid, either in cash or in kind and the related contributions on the shares made, have been maintained, not been repaid or returned in any manner, in whole or in part, whether open or disguised, directly or indirectly and there have been no payments or transactions in breach of Sec. 30 GmbHG. There is no obligation to make any additional payment or other contribution with respect to any of the shares (*keine Nachschusspflichten*).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.2. <u>Ownership and Free Disposal</u> 

The Seller is the sole legal and beneficial owner of the Inpixon Shares and Inpixon is the sole legal and beneficial owner of the Aware Shares and the IntraNav Shares.

There are no outstanding option rights, subscription rights or other specific rights entitling to or convertible into any existing or new shares in the Target Group Companies binding upon Inpixon or the Seller.

The Inpixon Shares, the Aware Shares and the IntraNav Shares are free and clear of any encumbrances, liens, pledges, other rights of the Seller or third parties or other defects of title (*Rechtsmängel*) established or otherwise attached to the Inpixon Shares, the Aware Shares or the IntraNav Shares.

Unless provided otherwise for by statutory law or the articles of association of the Target Companies, the Seller has the full right, capacity and authority to transfer the Inpixon Shares without transfer restrictions or encumbrances and without such a disposal infringing any rights of a third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.3. <u>Agreements with shareholders or related parties</u> 

Other than the agreements listed in **<u>Schedule 7.3.3</u>**, no Target Group Company has entered into any agreement with the Seller or any of its direct or indirect shareholders, relatives (*Angehörige*) within the meaning of section 15 (1) of the German Tax Code of the Seller outside the ordinary course of business or at the terms which are not at arm's length.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4. <u>Litigation</u> 

The Target Group Companies are not involved in any judicial, arbitral or regulatory proceedings, which are pending and involve in any case an amount in dispute of more than EUR 75,000.00 (in words: euro seventy-five thousand). To the Seller's Best Knowledge, no such proceedings have been threatened in writing against any Target Group Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5. <u>Data Protection</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5.1. <u>No Notification of Non-Compliance</u> 

The Target Group Companies have not, in the last 36 (thirty-six) months prior to the Signing Date, received a written notice or written allegation from either a competent public authority or a data subject alleging non-compliance with data protection legislation or any of the data protection principles.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5.2. <u>No Further Warranty</u> 

The Purchaser is aware, and the Seller does not grant any warranty in this respect except, that the Target Group Companies and their business operations may not be and may have not been compliant with applicable data protection and data security laws, regulations or code of practice, including the European General Data Protection Regulation (*Datenschutzgrundverordnung*) and the local data protection acts applicable to the German Target Group Companies or Aware, concerning the protection and/or processing of personal data or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6. <u>Compliance with Laws</u> 

Except as expressly set forth otherwise in this Agreement, particularly except for data protection and data processing laws and regulations, to the Seller's Best Knowledge, the German Target Group Companies conduct their respective business in compliance with all material applicable laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7. <u>Permits</u> 

Except as set forth on **Schedule 7.7**, to the Seller's Best Knowledge, the Target Group Companies hold all material permits and licenses (the "**Public Permits"**) that are required, if any, under applicable public laws (*öffentliches Recht*) in order to conduct the business of the Target Group Companies as presently conducted and which are important for its respective business. To the Seller's Best Knowledge, no Public Permit was revoked, restricted or subjected to subsequent orders (*nachträgliche Anordnungen)*. To the Seller's Best Knowledge, no written threat or written notice of any such revocation, restriction or subsequent order has been given. If there are any permits or licenses required not currently possessed by any of the Target Group Companies, the Purchaser agrees to obtain or establish a plan to obtain such permits or licenses within the Reconciliation Period.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8. <u>Employees</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)  **<u>Schedule 7.8 (1)</u>** sets forth for the German Target Group Companies complete anonymized
lists of all employees (*Arbeitnehmer*) and the respective managing directors, indicating in each case, the date of entry, title
and gross annual base salary in the calendar year 2025 (including compensation elements such as bonuses, stock options, company car and
other benefits).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) None of the employees of the German Target Group Companies listed in Schedule 7.8(1) who were entitled
to receive in the calendar year 2025 a gross annual salary (excluding compensation elements such as bonuses, stock options, company car
and other benefits) in excess of EUR 170,000 (in words: euro one hundred seventy thousand) (the "**Key Employees"**)
has given written notice of termination of his or her employment, unless specified otherwise in Schedule 7.8(1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To the Seller's Best Knowledge, Salaries and wages, taxes and social security contributions are properly
paid or shown as liabilities. Proper accruals have been set up in the balance sheet for unfulfilled labour law claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) As of the Closing Date, the German Target Group Companies have not resolved any not yet implemented increases
of its employees' or managing directors' compensation other than in the ordinary course of business and in compliance with their past
practice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) There are no claims, disputes or legal proceedings pending or threatened in writing by any employee, former
employee or their representatives of the German Target Group Companies before any court of law or public authority involving the German
Target Group Companies and any of its current or former employees or any group of its current or former employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) The German Target Group Companies are not bound by any collective bargaining agreements, works council
agreements or social plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) No works council or other employee representation body has been elected in the business of any Target
Group Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) Each of the Target Group Companies have collaborated and do collaborate with freelancers or independent
contractors.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9. <u>Financial Statements</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9.1. <u>Compliance with GAAP</u> 

The individual annual financial statements (including a balance sheet (*Bilanz*), profit and loss statement (*Gewinn- und Verlustrechnung*), notes (*Anhang*) of the German Target Group Companies for the financial years ending as of 31 December 2024 as attached hereto as **<u>Schedule 7.9.1</u>** (the "**Financial Statements**")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) have to the Seller's Best Knowledge been prepared in accordance with the provisions of the German
Commercial Code (*HGB*) and generally accepted accounting principles (*Grundsätze ordnungsgemäßer Buchführung*)
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) present, in compliance with these principles, to the Seller's Best Knowledge at the time of preparation
a true and fair view of the net assets, financial position, and results of operations of the German Target Group Companies within the
meaning of Section 264 para 2 of the German Commercial Code (HGB) as of the balance sheet date (*Bilanzstichtag*).

The Parties agree that this Section 7.9 shall not qualify as an "objective" guarantee regarding the financial statements (*keine objektive Bilanzgarantie*), but rather as a "subjective" guarantee regarding the financial statements (*subjektive Bilanzgarantie*) only. Therefore, the statements contained in this Section 7.9 shall be regarded correct, *inter alia*, even in the event that any (contingent) liabilities have not been reflected or provisions have not been recognized in the Financial Statements due to the subjective lack of awareness or evidence when preparing the Financial Statements (even if, from an objective perspective/in hindsight such liabilities/provisions would have been required to be reflected in the Financial Statements).

Further, the Parties agree that the financial statements as of 31 December 2025 will be prepared consistently with the manner and method used to prepare the financial statements as of 31 December 2024, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10. <u>Conduct of Business</u> 

From 1 January 2024 to the Closing Date the business operations of the Target Group Companies have been conducted in the ordinary course and substantially in the same manner as before, in particular the Target Group Companies have not:

a.) issued any shares or similar ownership interests to any third party (other than the German Target Group Companies);

b.) changed its accounting policies or procedures, unless provided by law;

c.) extended any guarantees, suretyships, letters of comfort, performance or warranty bonds or similar instruments securing any indebtedness or other obligation of any third party or the Seller;

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d.) made any capital expenditure or entered into any contract or commitment outside the ordinary course of business with a volume in excess of EUR 250,000.00 (in words: euro two hundred fifty thousand); or

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| e.) | acquired or disposed of any fixed assets in the amount of more than EUR 250,000.00 (in words: euro two hundred fifty thousand) outside the ordinary course of business. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11. <u>Material Agreements</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)  **<u>Schedule 7.11</u>** contains for the Target Group Companies a complete list of the following
written agreements in place exceeding USD 50,000 in value (not limiting the other minimum thresholds specified below) during the fiscal
year 2025, which meets at least one of the following criteria and the main obligations (*Hauptleistungspflichten*) of which have
not yet been completely fulfilled (the "**Material Agreements"**):

a.) agreements regarding the acquisition, sale or encumbrance of real property or rights equivalent to real property;

b.) agreements regarding the acquisition, sale or encumbrance of shares or interests in other companies or partnerships; except for the contribution of the Aware Shares from the Seller to Inpixon;

c.) joint venture agreements, consortium agreements, cooperation and similar contracts with third parties;

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| d.) | lease agreements relating to real property (*Miet- oder Leasingverträge*) which (i) obligate a Target Group Company to make payments of at least EUR 150,000.00 (in words: euro one hundred fifty thousand) per year, and safe for the lease of the Leased Real Property; |

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|:---|:---|
| e.) | loan agreements, account agreements or other credit agreements, which have been concluded either as lender or borrower (with the exception of any customary payment deferrals agreed to in the ordinary course of business) and have a volume of more than EUR 250,000.00 (in words: euro two hundred fifty thousand), except for the Shareholder Loan Agreement Inpixon and Shareholder Loan Agreement IntraNav; |

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|:---|:---|
| f.) | guarantees, payment guarantees (*Bürgschaften*), assumptions of debt, collateral promises (*Schuldbeitritte*), letters of comfort and similar legal instruments issued by a Target Group Company to a third party, which, in any given case, exceed an amount of EUR 150,000.00 (in words: euro one hundred fifty thousand); |

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g.) agreements or commitments, (i) which impose annual payments in the individual case on a Target Group Company of at least EUR 250,000.00 (in words: euro two hundred fifty thousand) per year;

h.) framework agreements with customers with annual sales volume of more than EUR 500,000.00 (in words: euro five hundred thousand) in the fiscal year 2025.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Unless otherwise set forth in  **<u>Schedule 7.11,</u>** no written notice of termination has been given,
and to the Seller's Best Knowledge no termination has been threatened or announced to the Target Group Companies with respect to any Material
Agreement. To the Seller's Best Knowledge the Target Group Companies are not in material default or material breach of any material obligation
under any of the Material Agreements. With respect to the contract between Aware and the Canadian government, the Parties agree to resolve
the assignability of that contract within the Reconciliation Period and if the contract is not assignable, to work together in good faith
to reach an agreed work-around such that Aware can continue to service such contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12. <u>Intellectual Property</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)  **<u>Schedule 7.12</u>** sets forth a true and complete list of all registered patents, patent
applications, utility models, trademarks and design rights of the German Target Group Companies (the "**IP Rights**") held
or applied for to conduct the business of the German Target Group Companies in all material respects as carried out up to the date of
this Agreement, with the understanding that the law firm handing such IP Rights for the Target Group Companies (Pillsbury) only does such
work for the Target Group Companies and to the extent any IP Rights on which Pillsbury is working is currently in the name of the Seller,
the Seller has instructed Pillsbury to take all actions necessary on or before the Reconcilaition Date to transfer such IP Rights to the
appropriate Target Group Company (and Purchaser agrees to collaborate in connection therewith). Subject to the foregoing, (i) the German
Target Group Companies are owners or licensees of the IP Rights and (ii) the German Target Group Companies have taken all material actions
required to maintain such IP Rights; they have paid all fees (e.g. registration or license fees) when due. To the Seller's Best Knowledge,
(i) the IP Rights are not subject to any pending judicial or regulatory proceedings in which the validity of the IP Rights is being challenged,
and which could adversely affect the business operations of the German Target Group Companies as currently conducted, and (ii) the IP
Rights are not being materially infringed by third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13. <u>Information Technology</u> 

The information technology (hardware and software i.e. in particular the networks, computer and communication systems, interfaces and other technical systems for storing, processing or transmitting data) used by the German Target Group Companies meets, in all material respects, the requirements of the business operations of the German Target Group Companies as currently conducted, and is free from any material defects that materially affect its functionality (normal wear and tear excluded). To the Seller's Best Knowledge, any material license fees have been paid when due.

The Purchaser is aware that the following hardware and software which is currently used by the Target Group Companies is owned or licensed by the Seller and will not be transferred to the Target Group Companies: Netsuite - ERP, Microsoft Office 365 / Outlook, Hubspot, BambooHR, Egnyte, Atlassian, Zendesk, Dropbox, Adobe, GitHub, Networksolutions.com, and OpenAI, but may be available for a transitionary period under provisions of Section 4.2.3 hereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.14. <u>Real Estate</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Target Group Companies do not own any real estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)  **<u>Schedule 7.14(2)</u>** contains a complete list of real property leased to or from a Target
Group Company as lessee or lessor ()"**Leased Real Property**") setting out the location, parties and monthly rent. No other
real property than the Leased Real Property are currently being used by, or are currently necessary for, a Target Group Company to carry
on its Business in its material respects as conducted on the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Target Group Companies have to the Seller's Best Knowledge the unrestricted right to use all of the
Leased Real Property for the conduct of its business as currently conducted. No lease agreement has been terminated by any party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Purchaser has investigated the Leased Real Property and is aware of their location, access / missing
easement right, development, surrounding infrastructure, condition and repair including buildings and other installations, superstructures
and fixtures thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The Seller does not have positive knowledge of any material harmful soil changes (*schädliche Bodenveränderungen*)
and contaminated sites (*Altlasten*) on the particular Leased Real Property which, in each case, would require immediate removal
or remediation under applicable environmental laws. Contaminated sites and harmful soil alterations within the meaning of this Agreement
shall include, in addition to those defined the European Community Regulation 2008/1272/EC, as amended from time to time and/or the German
Federal Soil Protection Act (*Bundesbodenschutzgesetz*) and similar laws as applicable at the site of the real property, contamination
of ground water, explosive ordnance residues (*Kampfmittelrückstände*), building remains (*Gebäudereste*) as
well as contamination of the buildings and parts of buildings which are standing up or which are brought into the ground, including asbestos.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.15. <u>Insurance</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)  **<u>Schedule 7.15</u>** contains a true and complete list of all material insurance policies
maintained by the Target Group Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) To the Seller's Best Knowledge all insurance policies to which the Target Group Companies are a party are
valid and in full force.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To the Seller's Best Knowledge, the Target Group Companies are not in material default with their obligations
under insurance contracts; in particular, all insurance premiums owed by the Target Group Companies have been paid when due.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.16. <u>Customers and Suppliers</u> 

**<u>Schedule 7.16</u>** lists for the Target Group Companies' top five clients and suppliers (if applicable) (respectively) by revenue for the year 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.17. <u>Brokers</u> 

No Person has acted directly or indirectly as a broker, finder or financial advisor for the Target Group Companies or the Seller in connection with the negotiations relating to the Transaction for which the Target Group Companies will become obligated to pay a fee or commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.18. <u>No further representations</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Warranties of the Seller set out in this Section 7 are exhaustive. The Parties do not agree on
any other (express or implied) warranties, representations or guarantees of the Seller. The Purchaser explicitly acknowledges to purchase
and acquire the Inpixon Shares and the business of the Target Group Companies associated therewith in the condition they are in on the
Signing Date based upon its own inspection and assessment of all the facts and circumstances, and to undertake the purchase based upon
its own decision, inspection and assessment without reliance upon any express or implied representations, warranties or guarantees of
any nature made by the Seller, except for the Seller's Warranties expressly provided by the Seller under this Section 7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Without limiting the generality of the foregoing, the Purchaser acknowledges that the Seller does not
give any representation, warranty or guarantee with respect to

a.) any projections, estimates or budgets delivered or made available to the Purchaser regarding future revenues, earnings, cash flow, the future financial condition or the future business operation of the Target Group Companies;

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|:---|:---|
| b.) | any other information or documents that were delivered or made available to the Purchaser or its counsel, accountants or other advisors with respect to the Target Group Companies or their business operations, including, but not limited to, information provided during the management presentations or otherwise orally in meetings or phone calls; |

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c.) any Tax matters, except as expressly provided for under this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Seller's Liability</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. <u>Compensable damages of the Purchaser, Restitution in kind</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Subject to the provisions contained in this Section 8, if and to the extent any Seller's Warranty
under Sec. 7.1 to Sec. 7.18 is incorrect ()"**Breach** "), the Seller shall put the Purchaser in such position
as the Purchaser would have been if the Breach had not occurred (restitution in kind – *Naturalrestitution*). If the Seller
is unable to achieve such restitution in kind within ten (10) weeks after having received a due Breach Notice by the Purchaser or if such
restitution in kind is impossible or insufficient, then the Purchaser may claim monetary damages (*Schadenersatz in Geld*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The compensation for damages shall cover only the actual direct damages incurred (*unmittelbare Schäden*)
by the Purchaser, provided, however, that the compensation shall specifically not cover and the Purchaser shall not be entitled to claim
compensation for (i) any potential or actual reduction in value (*Minderung*) of the Inpixon Shares or the Target Group Companies,
(ii) any indirect damages (*mittelbare Schäden*), (iii) any consequential damages (*Folgeschäden*), in particular
lost profits (*entgangener Gewinn*) or lost opportunities (*entgangene Geschäftschancen*), (iv) any damages / losses to
good will, (v) any frustrated expenses (*vergebliche Aufwendungen*), as well as (vi) any internal administrative or overhead costs
or expenses incurred by the Purchaser, or any Target Group Company.

Further, in case of a Breach, but without prejudice to Section 8.4 a.), the Purchaser may not claim that the Purchase Price was calculated based (i) on incorrect assumptions or economic parameters or (ii) on a wrong valuation of the Inpixon Shares and/or the business operations of the Target Group Companies or a wrong valuation method applied (in particular based on a wrong multiple, multiplicators, *etc*.).

Any payment by the Seller pursuant to this Section 8 shall be deemed as a subsequent reduction of the Purchase Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. <u>Limitations of Liability</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Seller's aggregate liability for any and all claims arising out of or in connection with any
Breach of the Seller's Warranties (other than the Seller's Warranties set out in Sections 7.1 and 7.2 and the Tax Indemnity
in Section 10) shall be limited to fifty percent (50% of the remaining unpaid balance of the Purchase Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Seller shall not be liable for any individual claim unless the loss relating to such claim exceeds
EUR 15,000 (in words: Euro fifteen thousand) (*de minimis*). The Seller shall only be liable for claims once the aggregate amount
of all claims exceeding the de minimis exceeds EUR 100,000 (in words: Euro one hundred thousand) (*basket*), in which case the Seller
shall be liable for the amount exceeding the basket.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The aggregate liability of the Seller for any Breach of the warranties under Sections 7.1 and 7.2
shall be limited to an amount being equal to 100% of the Purchase Price pursuant to Section 4.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. <u>Time limitation</u> 

Any and all claims of the Purchaser towards the Seller arising out of or in connection with this Agreement shall be time-barred (*verjähren*) at the earlier of (i) twenty-four (24) months as of the Signing Date, except for claims arising out or in connection with a Breach of a Seller's Warranties under Sections 7.1 and 7.2, which shall be time-barred five (5) years after the Signing Date and (ii) claims arising from the Tax Indemnity in Section 10.2, which shall become time-barred in accordance with Section 10.7. Sec. 203 BGB shall not apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4. <u>Excluded Items</u> 

The Seller shall not be liable for, and the Purchaser shall not be entitled to claim for, any damages incurred by the Purchaser under or in connection with a Seller's Warranty made in Section 7, if and to the extent that:

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|:---|:---|
| a.) | the fact, upon which the claim is based, is explicitly included in the Financial Statements, in particular, but not limited to, as a write-off (*Abschreibung*), value adjustment (*Wertberichtigung*), specific provision (*Rückstellung*), liability (*Verbindlichkeit*) or general adjustment (*Pauschalwertberichtigung*); |

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|:---|:---|
| b.) | any damages for which the Purchaser and/or any Target Group Company has received or has a valid and recoverable claim for repayment, reimbursement, coverage or indemnification from a third party, including, but not limited to, claims against existing insurance carriers, or any other benefit. The principle of set-off of benefits and damages (*Vorteilsausgleich*) pursuant to section 252 BGB shall apply; |

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c.) damages which occurred or increased due to changes in any law, other regulation, case law or administrative practice after the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5. <u>Disclosed Matters</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.1. <u>Exclusion of liability in case of Purchaser´s knowledge</u> 

The Seller shall not be liable for, and the Purchaser shall not be entitled to bring any claim under a Seller's Warranty, if and to the extent that the underlying facts or circumstances giving rise to a Breach were known (*Kenntnis*) to the Purchaser or its direct or indirect shareholders at the Signing Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.2. <u>Exclusion of liability in case of Purchaser´s deemed knowledge</u> 

The following facts and circumstances are deemed to be known by the Purchaser as of the Signing Date, irrespective of Purchaser actual knowledge thereof:

a.) all matters and information disclosed, contained or referred to in this Agreement, including its Schedules;

b.) answers, information and documents provided by or on behalf of the Seller during the Q&A Process or otherwise in writing;

c.) all matters and information disclosed, provided for or noted in the Financial Statements and/or the Proforma Management Accounts; and

d.) all matters and information disclosed to the Purchaser, any of the Purchaser's or direct or indirect shareholders at any presentations by and meetings with the management of the Target Group Companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.3. <u>No Knowledge of Claims</u> 

The Purchaser confirms that the Purchaser is not aware of any fact or circumstances that could constitute a Breach of a Seller's Warranty or could otherwise give rise to any claim under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6. <u>No double-dip</u> 

The Parties agree that where one and the same set of facts (*Sachverhalt*) qualifies under more than one provision entitling the Purchaser to a claim or remedy under this Agreement or any applicable statutory laws, there shall be only one claim or remedy (no double-dip).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7. <u>Notification of a Breach of Warranty</u> 

In the event of a Breach of a Seller's Warranty pursuant to Section 7 that may give rise to liability of the Seller under the terms of this Agreement, the Purchaser shall notify the Seller of such Breach without undue delay (*unverzüglich*) after becoming aware of the relevant circumstances of the inaccuracy or potential Breach of Warranty in writing (the "**Breach Notice"**). The Breach Notice must contain a reasonably detailed description of the potential Breach of Warranty and the Purchaser's potential claim arising therefrom, including the estimated amount of such claim, and the Purchaser shall give the Seller the opportunity to cure the breach within the period of time indicated in Section 8.1 above.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8. <u>Third Party Claim</u> 

In the event that any action, claim, demand or proceeding with respect to which the Purchaser may request indemnification pursuant to Section 8 is asserted or announced against any Target Group Company or the Purchaser by any third party (including any tax or governmental authority) (a "**Third Party Claim"**), the Purchaser shall notify the Seller thereof by way of a Breach Notice and provide the Seller with copies of documents setting forth the Third Party Claim or demand and of all time-sensitive documents. Neither the Purchaser nor any Target Group Company shall make any admission of liability, agreement or compromise in relation to any Third-Party Claim without the prior written consent of the Seller.

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|:---|:---|
| a.) | The Seller will be afforded a reasonable opportunity to resist any Third Party Claim in the name of the Purchaser or the relevant Target Group Company, and the Seller will be allowed to have the conduct of any negotiations, proceedings, or appeals relating to any Third Party Claim and to use professional advisors nominated by the Seller. The costs and expenses incurred by Seller in connection with any defense against a Third Party Claim will be borne by Seller. |

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|:---|:---|
| b.) | The Purchaser or the Target Group Companies shall at all reasonable times allow the Seller access to and to inspect, take and retain copies of, all relevant business records and documents, and permit the Seller and its representatives to consult with the directors, officers, employees and representatives of the Purchaser and the Target Group Companies. The costs and expenses incurred by the Seller in connection with any defense against a Third Party Claim will be borne by the Seller. |

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c.) The Purchaser shall be responsible for (*einstehen*) and ensure that the Target Group Companies fully comply with their obligations under this Section 8.8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9. <u>Mitigation</u> 

Section 254 BGB shall apply. The Purchaser shall in particular be obliged to prevent the occurrence of any damages and to limit the scope of any damages incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10. <u>No further rights and claims of the Purchaser</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Parties agree that the liability regime for a Breach of a Seller's Warranty set forth in this Agreement
shall be the sole and only remedy to any Breach of a Seller's Warranty, if any, except for any liability of the Seller due to intentional
behaviour (*Vorsatz*) or fraud (*Täuschung*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) To the extent permitted by law, the Parties agree that all further rights and claims of the Purchaser
against the Seller based on material or legal defects (*Sach- und Rechtsmängeln*) of the Inpixon Shares, the Aware Shares or
the IntraNav Shares or the Target Group Companies' business – irrespective of their nature, amount or legal basis –
are hereby excluded, including any rights and claims based on defects of the Company's business, unless such rights and claims are
based on intentional behaviour (*Vorsatz)* or fraud (*Täuschung*) of the Seller. The Parties exclude any claims for breach
of a pre-contractual duty (Sec. 311 para. 2 and 3, 241 para. 2 BGB), claims based on a breach of duty in an obligation relationship (*Verletzung einer Pflicht aus dem Schuldverhältnis*), claims based on statutory warranty provisions (*gesetzliche Gewährleistungsbestimmungen*)
and liability in tort (*unerlaubte Handlung*) as well as any and all other claims which could, due to a rescission (*Rücktritt*),
action for avoidance (*Anfechtung*), reduction of the Purchase Price (*Minderung*) or other reasons, result in the termination
(*Beendigung*), invalidity (*Unwirksamkeit*) or a winding-up or restitution ex tunc (*Rückabwicklung*) of this Agreement,
in an amendment of its content or in a refund or reduction of the Purchase Price.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Covenants not to Compete; Non-Solicitation/ Operating Capital</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. <u>Covenant</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For a period of two (2) years after the Signing Date, the Seller shall not, neither directly nor indirectly,
and the Seller shall procure that none of its Affiliates shall

a.) engage in any business competing with the business of the Target Group Companies as conducted as of the Signing Date, acquire or hold any interest in a competing business or advise or assist any competing business, save for any financial investments of the Seller; and

b.) solicit for employment (*abwerben*) or hire any of the current employees of any Target Group Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) This undertaking does not apply to any shareholdings or participation which are for investment purposes
only and in which the Seller does not have, directly or indirectly, a management function or any material influence on the conduct of
business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Parties agree that in the event of a breach by the Seller of the non-compete obligation under Section 9.1
above, the Purchaser shall be entitled to enforce any claims for specific performance by the Seller of the non-compete obligation (*Unterlassungs- und Beseitigungsansprüche*) by injunctive relief (*einstweiliger Rechtsschutz*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. <u>Unwind Option Case</u> 

If the Seller exercises the Unwind Option, the non-compete covenants under Section 9.1 above shall automatically terminate and not any longer bind the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3. <u>Operating Capital</u> 

The following shall be considered Operating Capital and shall be subject to the limitations set forth in Section 4.2.3(b):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The Arrow Purchase Order from Arrow Electronics, Inc. ()"**Arrow Electronics**") in the
amount of approximately $1.6 million ()"**2025 PO**") contemplates the delivery of certain Nanotron products (the "**Products** ")
as described in such 2025 PO. The Parties acknowledge that in order to deliver Products pursuant to the 2025 PO, Inpixon contracted with
Bluechips Microhouse - Electronic Manufacturing Services, a contract manufacturer in Chaing Mai, Thailand (the "**Contract Manufacturer** "),
to assemble the Products and drop ship such Products to Arrow Electronics as provided in the 2025 PO. In order for Contract Manufacturer
to assemble the Products, prior to the Closing Date, Inpixon ordered certain components necessary for the assembly of such "**Ordered Components** ". Inpixon will be responsible for causing the assembly of the Products including the Ordered Components and the Products
are to be inspected by Inpixon personnel prior to shipment to Arrow Electronics. The Seller, however, has agreed that the costs of such
Ordered Components either have been or will be absorbed and paid for by Seller. The Seller indemnifies the Purchaser and the relevant
Target Group Company from all costs and expenses relating to such Ordered Components. The Seller has left and will leave all proceeds
from the 2025 PO in Inpixon; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The Addition to Capital Reserve made by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Taxes</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. <u>Definitions</u> 

For the purposes of this Agreement the following terms, shall have the following meaning:

"**Shareholder Loan Tax Cap**" means an amount equal to **USD 2,500,000**, representing the maximum aggregate liability of the Seller under this Agreement in respect of all Taxes arising in Germany as a result of, or in connection with, the pre-Closing waiver, contribution, cancellation, or other elimination of all or any portion of the Shareholder Loan and any related intercompany balances, including any taxable income resulting from any portion thereof being treated as non-substantiated (in German: *nicht werthaltig*) for German tax purposes.

"**Taxes"** means all direct and indirect taxes and withholding taxes within the meaning of Section 3 para. 1 of the German Tax Code (*AO*), social security and pension contributions, customs duties, and any similar assessments or charges imposed by any competent governmental authority or public body in charge of imposing any Tax (collectively, the "**Tax Authorities**"), pursuant to the applicable law of any other jurisdiction , in each case together with any interest, penalties, surcharges and additions and irrespective of whether the aforementioned levies are owed primarily (including withholding taxes), as a consequence of any statutory secondary liability (e.g. due to Section 75 AO) or are owed as a consequence of any contractual liability (e.g. due to a tax sharing or tax indemnity agreement) or of any other civil law liability, but excluding deferred taxes and/or notional taxes (such as reductions of loss carry forwards or future depreciation);

**"Tax Return"** shall mean any return, declaration or similar document relating to any Tax and submitted or to be submitted to any Tax Authority, including any schedule or attachment thereto;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. <u>Tax Indemnification</u> 

Subject to the limitations set forth in this Agreement (including, without limitation, Section 8.2 para (3), Section 8.6, Section 8.10 and this Section 10) the Seller shall indemnify the German Target Companies,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) from any Taxes which are imposed on the German Target Group Companies for any periods (or parts of a Tax
period) up to and including January 31, 2026, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) up to the aggregate maximum amount not to exceed the Shareholder Loan Tax
Cap, any Taxes imposed on the German Target Group Companies as direct result of the waiver, contribution, cancellation or other elimination
of any portion of the Shareholder Loan effected immediately prior to the Signing Date in accordance with this Agreement (a) and b) each
and together "**Indemnifiable Taxes"**) if and to the extent the relevant Indemnifiable Taxes have not been paid or otherwise
been settled until the Signing Date (the "**Tax Indemnification Claim"**). Seller shall
have no indemnification obligation in respect of any Taxes arising from any post-Closing actions, elections, waivers or transactions undertaken
by the Purchaser or the German Target Group Companies (other than the assessment or reassessment of Taxes resulting from the pre-Closing
Shareholder Loan Waiver); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) the Seller's total aggregate liability under this Section 10.2 shall in no event exceed the Shareholder
Loan Tax Cap.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3. Indemnification Claim

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Seller shall only be liable for a Tax Indemnification Claim if and to the extent that

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|:---|:---|
| a.) | the Indemnifiable Taxes exceed the aggregate amount of all Tax liabilities and Tax accruals and provisions included, also as part of other liabilities, accruals and provisions, in the 2025 Financial Statements of the German Target Group Companies or any Tax prepayments made up until and including the Signing Date; and |

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|:---|:---|
| b.) | the Indemnifiable Taxes are not the result of (i) any change in the accounting and taxation principles or practices of the German Target Group Companies (including the methods of submitting Tax Returns) introduced after the Signing Date, unless such amendment is required by applicable law, or (ii) any transaction, action or omission (including the change in the exercise of any Tax election right, the approval or implementation of any reorganization measure or the sale of any asset) by the Purchaser or the German Target Group Companies after the Signing Date; and |

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|:---|:---|
| c.) | the German Target Group Companies, the Purchaser or any of its Affiliates is entitled to any Tax benefit arising after December 31, 2025 from the event or circumstance which resulted in the Indemnifiable Tax (e.g. due to the lengthening of any amortization or depreciation periods, higher amortization / depreciation allowances, a step-up in Tax basis of assets, the non-recognition of generally tax deductible liabilities or provisions or the transfer of items relevant for Taxes) (the "**Tax Benefit"**). It being understood that if and to the extent any Tax Benefits are expected to be realized in future periods, such Tax Benefits shall be considered with their net present value discounted over the term they are expected to be realized to December 31, 2025 (i) applying the statutory tax rates and a discounting factor of 2% p.a. and (ii) assuming that the German Target Group Companies will be in a Tax paying position and not part of a fiscal unity for Tax purposes; and |

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d.) the Indemnifiable Taxes are not the result of the passing of or any change in law (including subordinate legislation) coming into force after the Signing Date; and

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|:---|:---|
| e.) | neither the German Target Group Companies, nor the Purchaser nor any of its Affiliates has (or had at any time following the Signing Date) a corresponding claim for recourse, repayment or indemnification against a third party or could have been compensated by such claim, but was not so compensated, because of any non-compliance with the preconditions for such claim for recourse, repayment or indemnification; and |

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|:---|:---|
| f.) | neither the German Target Group Companies, nor the Purchaser nor any of its Affiliates has failed to comply in total or in parts with any of its obligations set forth in Section 10.6 unless and to the extent the Purchaser proves that the non-compliance has not caused or increased and neither excluded or substantially impaired the Seller's ability to defend or avoid the Indemnifiable Taxes. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In case of Section 10.2(b) the Purchaser after the Closing has taken and will take, to the extent commercially
reasonable and consistent with the ordinary-course operation of the German Target Group Companies, reasonable steps to mitigate any Taxes.
Any indemnification payments under Section 10.2 to the extend not limited by Section 10.3 by the Seller shall be made sixty
(60) Business Days after the date at which the Seller has been notified in writing by the Purchaser about the payment obligation and has
been provided with a copy of the relevant Tax assessment notice, but in no case earlier than five (5) Business Days prior to the date
at which the Indemnifiable Tax is due and payable to the Tax Authority. On the Seller's written request and expense, the Purchaser shall
procure that German Target Group Companies undertake best efforts to achieve a deferred payment date, in particular, but not limited to,
the application for a suspension of enforcement of the Tax payment obligation (*Aussetzung der Vollziehung*) under German tax laws
or equivalent application in a foreign jurisdiction. If an Indemnifiable Tax is reduced after an indemnification payment has been made,
the difference between the higher indemnification payment and the lower Tax amount shall be reimbursed by the Purchaser to the Seller,
including all interest relating thereto; any respective payment to the Seller shall be due within twenty (20) Business Days after the
date at which the German Target Group Companies have received the respective amount from the relevant Tax Authority (including by way
of set-off, deduction or otherwise).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4. <u>Tax Refunds and Overprovisions</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Purchaser shall pay to the Seller the amount of a refund (including
interest thereon) of Taxes relating to any Tax periods (or parts of a Tax period) up to and including December 31, 2025, which exceeds
the amount of the Tax receivables included in the Financial Statements for Taxes (the "**Tax Refund"**)).
Any such payment shall be due and payable within twenty (20) Business Days after such Tax Refund has been received by any German Target
Group Company by cash payment, set-off, deduction or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Purchaser shall promptly pay to the Seller an amount equal to any Tax
liabilities and Tax accruals and provisions included, also as part of other liabilities, accruals and provisions, in the Financial Statements,
if and to the extent it turns out that such liabilities, accruals or provisions can be dissolved as overstated after December 31, 2025
pursuant to the applicable statutory accounting principles, unless such liabilities, accruals or provisions have excluded a Tax Indemnification
Claim pursuant to Section 10.3 (1) a (the "**Overprovision"**)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Purchaser shall, and shall procure (*steht dafür ein*) that the German Target Group Companies,
(i) promptly notify the Seller in writing of (A) the receipt (including, but not limited to, by way of set-off or deduction) of any Tax
Refund and (B) the occurrence of any Overprovision and (ii) upon the Seller's written request deliver to the Seller within six (6) months
following such request a written statement of a reputable audit firm (*Wirtschaftsprüfungsgesellschaft*) nominated by the Seller
confirming that the Purchaser has fully complied with these notification obligations, including a confirmation of the notified amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5. <u>Tax Covenant</u> 

The Purchaser shall ensure that, except as required by applicable law or by any binding request or order of a Tax Authority, and after having given the Seller the opportunity to intervene, neither the Purchaser nor any of the Target Group Companies will on or after the Signing Date take any action, make or change any Tax election, amend any Tax Return, take a Tax position, undertake or omit to undertake any action or enter into any transaction, merger or restructuring in relation to the German Target Group Companies that results in an increase of Taxes imposed on the Seller unless otherwise directed by Seller and/or Seller's tax professionals. If the Purchaser fails to comply with such obligation or the obligations set out in Section 10.6 the Purchaser shall indemnify the Seller from and against any (additional) Taxes resulting therefrom, unless that the Purchaser's failure has neither prejudiced the Seller to defend nor mitigate such (additional) Taxes.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.6. <u>Cooperation on Tax Matters</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) After the Signing Date, the Purchaser shall procure that the German Target Group Companies (i) amend their
respective 2023 and 2024 Tax Returns, and (ii) prepare and file when due all Tax Returns relating to any Tax periods (or parts of a Tax
period) up to and including December 31, 2025, and (iii) prepare their 2025 and 2026 Tax Return, with each of the 2023 and 2024 amendments
and the 2025 and 2026 Tax Returns being amended and prepared, as the case may be, in a manner and to the extent requested or directed
by Seller and/or Seller's tax professionals to minimize the tax impact of the Shareholder Loan Waiver. Further, Purchaser shall
cause the German Target Group Companies to also prepare their respective 2026 Tax Return reflecting income relative to the Shareholder
Loan Waiver as directed by Seller's professionals. Failure of the Purchaser and the German Target Group Companies to comply with
this Section shall cause the Shareholder Loan Tax Cap to be automatically reduced to zero. Any annual Tax Returns relating to such (especially
2023, 2024, 2025 and 2026) Tax periods shall be subject to the review and written consent of the Seller. The Purchaser shall not, and
shall procure that the German Target Group Companies will not, submit any such annual Tax Return to any Tax Authority without such prior
review and written approval by the Seller, which shall not be unreasonably withheld, conditioned or delayed. The Purchaser shall ensure
that any draft annual Tax Return to be reviewed and approved by the Seller in writing will be sent to the Seller not later than thirty
(30) Business Days prior to the due filing date of the relevant Tax Return. The Purchaser will without unreasonable delay provide any
information which the Seller deems to be relevant for the review of the draft Tax Return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Purchaser shall notify the Seller of any announcement, commencement
or enforcement of any Tax Proceedings relating to any Tax periods (or parts of a Tax period) up to and including December 31, 2025 (the
" **Relevant Tax Proceedings"**) promptly and in any event no later than ten (10) Business
Days after the Purchaser and / or the German Target Group Companies had been informed of such event. The notification shall be made in
writing and shall contain necessary information describing the object of the Relevant Tax Proceeding and shall include copies of any Tax
assessment notice or other document received from any Tax Authority. Upon the Seller's request, the Purchaser shall procure that the Seller
obtain any available additional document or information (including any books and records) which the Seller reasonably deems to be relevant
in this respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Purchaser shall, and shall cause the German Target Group Companies to, (i) ensure that to the extent
permitted by law the Seller is given the opportunity to fully participate in (including the participation in all meetings and other conversations
with the Tax Authorities) any Relevant Tax Proceedings which take place after the Signing Date, (ii) upon the Seller's written request
and expense file objections or other appeals against Tax assessments or challenge and litigate any Tax assessment or other decision of
any Tax Authority and (iii) comply with any lawful instructions given by the Seller in relation to the conduct of the Relevant Tax Proceedings.
If the Seller elects to lead a Relevant Tax Proceeding on its own or through a counsel of its own choice, the Purchaser shall authorize,
and shall cause the German Target Group Companies to authorize, the designated representative of the Seller to represent the Purchaser
and / or the German Target Group Companies in the Relevant Tax Proceeding. In any case, the Purchaser shall not, and shall cause the German
Target Group Companies not to furnish any information relating to any Relevant Tax Proceedings or settle any Relevant Tax Proceeding or
to let them become time-barred without the prior written consent of the Seller, which shall not be unreasonably withheld, conditioned
or delayed.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.7. <u>Time Limitation</u> 

Any claims under this Section 10 shall not become time-barred prior to the expiration of a period of six (6) months after the respective Tax assessment for the relevant Tax underlying the claim has become final and unappealable (*formell und materiell bestandskräftig*), provided, however that any claims of the Purchaser shall become time-barred at the latest five (5) years after the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.8. <u>Limitations</u> 

Except as otherwise expressly provided in this Agreement, claims arising out of or in connection with this Section 10 shall be subject only to the limitations expressly provided for in this Section 10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Representations and Warranties of the Purchaser</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. <u>Purchaser's Warranties</u> 

The Purchaser hereby guarantees to the Seller, by way of an independent promise of guarantee (*selbständiges Garantieversprechen*) pursuant to sec. 311 para. 1 of the BGB the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1.1. <u>Acquisition for own Account</u> 

Purchaser is acquiring the Inpixon Shares and the Target Group Companies for its own account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1.2. <u>Corporate Status and Authority</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Purchaser is duly incorporated and validly existing under the laws of Germany and has all requisite
corporate power and authority to own its assets and to carry out its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Purchaser has all requisite corporate power and authority and has been duly authorized by all necessary
corporate actions to enter into and perform this Agreement and the legal transactions contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) As of the Signing Date, no bankruptcy or insolvency or equivalent proceedings in other jurisdictions concerning
the Purchaser have been applied for or initiated against the Purchaser. To the Purchaser's knowledge, there are no circumstances
that would require an application for any insolvency proceedings or of equivalent proceedings under the laws of a foreign country, nor
are there any circumstances which, under the applicable insolvency laws, would justify the avoidance of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The execution and consummation of this Agreement and of the transactions contemplated therein by the Seller
does not violate the articles of association of the Seller and is not subject to challenge (*Anfechtung*) by any third party on any
legal basis, including any creditor protection laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1.3. <u>Brokers</u> 

No Person has acted directly or indirectly as a broker, finder or financial advisor for the Purchaser in connection with the negotiations relating to the Transaction for which the Seller will become obligated to pay a fee or commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1.4. <u>No approval of Authorities</u> 

The conclusion and execution of this Agreement and the legal transactions contemplated herein by the Purchaser, do not require clearance by any merger control authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. <u>Remedies of Seller</u> 

In the event that the Purchaser is in breach of any warranty pursuant to Section 11.1 above, the Purchaser shall indemnify and hold harmless the Seller from and against any damages incurred by the Seller. The limitation period for any claims of the Seller shall be twelve (12) months as of the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Purchaser's Undertaking</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1. <u>Subordination of Claims</u> 

In order to avoid over-indebtedness or any other reason for insolvency on the part of Inpixon, the Purchaser undertakes towards the Seller to subordinate, and to uphold such subordination during the Unwind Option Exercise Period, all current and future claims arising from funding granted by the Purchaser to the Target Group Companies, including repayment claims of such funding. The Purchaser's claims against Inpixon arising from funding by Purchaser to the Target Group Companies may only be settled from future profits, any liquidation surplus, or from free assets exceeding the company's other liabilities, after all company creditors within the meaning of section 39 (2) InsO have been satisfied and on an equal footing with the shareholders' claims for repayment of contributions within the meaning of section 199 sentence 2 InsO (*Qualifizierter Rangrücktritt*).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2. <u>Indemnity</u> 

The Purchaser shall indemnify the Seller from any and all claims, liabilities and damages (within the meaning of Section et seq. 249 BGB) arising out of or otherwise related to any breach of Purchaser's obligations and undertakings under Section 12.1 above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Transition of Business</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1. <u>General Cooperation</u> 

The Seller and the Purchaser shall cooperate and use best efforts to provide for a smooth transition of the Target Group Companies to the Purchaser as soon as possible after Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Governing Law; Dispute Resolution</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1. <u>Governing Law</u> 

This Agreement shall be governed by the laws of the Federal Republic of Germany excluding its conflict of laws provisions and excluding the United Nations Convention on Contracts for the International Sale of Goods (CISG).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2. <u>Arbitration</u> 

All disputes arising out of or in connection with this Arbitration or its validity shall be finally settled in accordance with the Arbitration Rules of the German Arbitration Institute e.V. (DIS) without recourse to the ordinary courts of law. The arbitral tribunal shall comprise three (3) arbitrators. The place of arbitration shall be Düsseldorf, Germany. The language of the arbitral proceedings shall be English. This shall not prevent the Parties from asserting any claims under this Agreement against the other Party by seeking injunctive relief before the competent courts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Miscellaneous</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1. <u>Notices</u> 

All notices, requests and other communications hereunder shall be made in writing (*Textform*) in the English language and delivered by hand, by courier, by mail or by telefax, in each case accompanied with a corresponding email, to the person and the address set forth below, or such other address as may be designated by the respective Party to the other Party in the same manner:

<u>To Seller</u>:

XTI AEROSPACE, INC.

Attn. Ms Brooke Turk, CFO

8123 S. InterPort Boulevard

Englewood, Colorado 80112, USA

Email: [●]

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<u>With copy to</u>:

[●]

<u>To Purchaser</u>:

EVO 467. GmbH (in future: Inpixon Holding GmbH)<br> [●]

<u>With copy to</u>:

[●]

or to such other recipients or addresses which may be notified by a Party to the other Party in the future in writing. The requirement to provide copies to certain persons shall be for convenience purposes only and failure to send such copy shall not affect the validity of service of any notice. For the avoidance of doubt: Receipt of the notice, requests and other communications via accompanying email does not substitute receipt of the notice, requests and other communications in written form.

The Parties shall without undue delay give written notice to the other Party of any changes in the addresses set forth above. In the absence of any such communication, the address stated above shall remain valid.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2. <u>Confidentiality</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Parties agree to keep this Agreement and its contents (without limiting the proper execution of the
Agreement) strictly confidential. The Seller agrees, in situations other than the Target Group Companies´ business, to abstain from
using or expressing any confidential material or information concerning the Target Group Companies or their business to any third party
and to keep any such information strictly confidential.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Parties undertake not to disclose any confidential information or the contents of this Agreement,
unless so required by law, governmental decree, applicable stock exchange rules, any other applicable regulations, or any official action,
and provided that such disclosure has been notified to the other Party in advance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) No Party shall make any press release or similar public announcement with respect to this Agreement and/or
the Transaction, and each Party shall keep confidential and not disclose to any third party the contents of this Agreement and any confidential
information regarding the other Party disclosed to it in connection with this Agreement or its implementation, except as expressly agreed
upon with the other Party and except as may be required in order to comply with the requirements of any applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Either Party may disclose any information that it is required to keep confidential under this Section 15.2:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. to the extent that the disclosing Party procures that any person to whom the information is disclosed
keeps such information confidential to such employees, consultants, or officers of the respective Party and its Affiliates (including
its shareholders) as is reasonably necessary to advise on this Agreement, or to facilitate the transactions provided for in this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. professional advisors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. if and to the extent a Party is required to make an announcement or notification by law or by applicable
stock exchange regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The Purchaser may disclose any information that it is required to keep confidential under this Section 15.2
to the extent that the Purchaser procures that any person to whom the information is disclosed keeps such information confidential:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. to its direct and indirect shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. to such credit institutions and financing sources dealing with the financing of the transaction contemplated
under this Agreement or a subsequent refinancing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. in the course of other M&A transactions of the Target Group Companies, the Purchaser or the Purchaser's
direct shareholders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. to its sources of financing;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3. <u>Fees and Expenses</u> 

Any transaction taxes and notarial fees payable for the notarization of this Agreement shall be borne equally on half each by the Seller and the Purchaser. In all other cases, each Party shall bear its own fees and expenses in connection with the preparations for and completion of the Transaction contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4. <u>Entire Agreement</u> 

This Agreement represents the entire understanding and agreement between the Parties with respect to its subject matter and supersedes all prior agreements, understandings, negotiations and communications relating to such subject matter unless otherwise specifically stated in this Agreement. Neither Party shall be liable to the other Party or to any third party for any promise, representation, warranty, covenant, provision or practice except as specifically stated in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.5. <u>Amendments and Waivers</u> 

Any amendment to or waiver of this Agreement shall be made in writing and shall have no effect before signed by the duly authorized representatives of both Parties or, in the case of a waiver, by the Party waiving compliance with this Agreement, unless more stringent form requirements (e.g. notarization) must be satisfied under applicable law.

Failure by any Party at any time to require performance of any provisions of this Agreement shall in no manner affect its right to enforce the same, and the waiver by any Party of any breach of any provision of this Agreement shall not be construed to be a waiver by such Party of any succeeding breach of such provision or waiver by such Party of any breach of any other provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.6. <u>Assignment</u> 

This Agreement and the rights and obligations specified hereunder shall be binding upon and inure to the benefit of the Parties and shall not be assignable by either Party without the prior written consent of the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.7. <u>Interpretation</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Schedules to this Agreement are an integral part of this Agreement and any reference to this Agreement
includes this Agreement and the Schedules as a whole. In the case of a conflict between any Schedule and the provisions of this Agreement,
the provisions of this Agreement shall prevail.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The headings of the sections and subsections in this Agreement are for convenience purposes only and shall
not affect the interpretation of any of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Terms to which a German or other foreign language translation has been added shall be interpreted as having
the meaning assigned to them by the German or other foreign language translation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Words such as "hereof", "herein" or "hereunder" refer (unless otherwise
required by the context) to this Agreement as a whole and not to a specific provision of this Agreement. The term "including"
shall mean "including, without limitation".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Terms defined in the singular have a comparable meaning when used in the plural, and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Any reference to "applicable law" or "applicable laws" contained in this Agreement
shall include any statute, code, regulation, directive, ordinance, binding guideline or other legally binding general rule or decree (*anwendbares Recht*), applicable in any jurisdiction and relating to any matter whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) For the purposes of this Agreement, a "**Business Day**" means any day other than a Saturday,
Sunday, or any other day on which banks in Frankfurt, Germany, are generally closed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) "**Affiliate**" shall mean any individual person or legal entity who or which are affiliated
enterprises (*verbundene Unternehmen*) within the meaning of Section 15 AktG.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.8. <u>Severability</u> 

If any part of this Agreement is held to be invalid or unenforceable, such determination shall not invalidate any other provision of this Agreement. However, the Parties hereto shall attempt, through negotiations in good faith, to replace any part of this Agreement so held to be invalid or unenforceable in order to give effect to the commercial intentions of the Parties when signing this Agreement. The failure of the Parties to reach an agreement on a replacement provision shall not affect the validity of the remaining provisions of this Agreement. The preceding shall apply mutatis mutandis to any gap that may be found to exist in this Agreement. The legal principle contained in section 139 of the German Civil Code, including in the sense of a reversal of the burden of proof, shall not apply.

This deed was read aloud to the persons appearing, approved by them and signed by them and the notary public as below.

---

| |
|:---|
| /s/ Simon Almström (acting on behalf of EVO 467. GmbH (in future: Inpixon Holding GmbH)) |
| /s/ Dr. Christiane Göb-Krumme (acting on behalf of XTI Aerospace, Inc.) |
| /s/ Dr. Stefan Bernhard-Eckel (Notary) |

---

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## Exhibit 10.1

**Exhibit 10.1**

**SEPARATION AGREEMENT AND RELEASE**

This Separation Agreement and Release (this *"**Agreement**"*) is made and entered into as of January 29, 2026 to be effective as of the Effective Date by and between, the following (the *"**Parties**"* or each a *"**Party**"*):

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) XTI
 Aerospace, Inc., a Nevada corporation (the *" **Company** "* or "XTI"),
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Soumya
 Das, an individual (*" **Employee** "*).

 **

***RECITALS***

 

**WHEREAS,** on or about November 7, 2016 Employee entered into that certain Employment Agreement (the *"**Original Employment Agreement"***) with Sysorex USA (*"**Sysorex**"*), which such Original Employment Agreement was amended as of August 31, 2018 by instrument executed by Employee, Sysorex, and Inpixon, Inc., a Nevada corporation (*"**Inpixon**"* which was by such time the parent of Sysorex) (the *"**Amendment**"*) whereupon Employee became an employee of Inpixon; and

**WHEREAS,** on March 11, 2024, Inpixon and XTI Aircraft Company, a Delaware corporation (*"**Aircraft**"*) entered into a transaction pursuant to which (the *"**Merger**"*) pursuant to which Inpixon was the surviving entity, (i) changed its name to XTI Aerospace Inc., (ii) XTI Aircraft Company became a wholly-owned subsidiary of XTI, (iii) XTI inherited two German subsidiaries: (x) Inpixon GmbH, (y) IntraNav GmbH, based in Eschborn, Germany, an indirect subsidiary of XTI (collectively, the (*"**Inpixon Companies**"*), with the German Companies comprising the entire business unit of XTI generally referred to as Inpixon focused on real-time location systems (*"**RTLS**''*) technology providing location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety (the *"**Inpixon Business"***); and

**WHEREAS,** in addition, in connection with the Merger, and as of the time of such Merger, (i) Employee became the Chief Executive Officer of Inpixon and was appointed to the Board of Directors of XTI (the ***"Board''***), and (ii) Employee's Base Salary and Bonus as initially described in the Original Employment Agreement, were amended such that, through Inpixon, Employees Base Salary and Bonus were, immediately prior to the Effective Date hereof, as follows:

Base Salary: $312,000 (Employee's ***"Current Base Salary"***)

 ****

Bonus: $300,000 (Employee's ***"Current Bonus"***); and

**WHEREAS,** Employee following the Merger awarded certain stock options to acquire the Company's common stock (generally, the ***"Options"*** to acquire currently totaling 81,901 shares of the Company's common stock) some or all of which may have vested as of the Effective Date hereof; and

**WHEREAS,** Employee desires to resign as a member of the Board as of the Effective Date hereof (the ***"Board Resignation Date"***), and

**WHEREAS,** XTI wishes to sell or otherwise dispose of the Inpixon Business (generally the ***"Inpixon Transaction"***) with the closing date (the ***"Inpixon Closing Date"***) of such Inpixon Transaction anticipated to be on or about January 30, 2026; and

**WHEREAS,** Employee further desires to resign from any and all positions Employee has with any of the Company or any of the Company's subsidiaries, including, but not limited to, the Inpixon Business and the Inpixon Companies (collectively the ***"XTI Companies"***), as of the Effective Date.

**NOW, THEREFORE,** incorporating herein the foregoing Recitals, and for good and valuable consideration, the Parties agree, as follows:

1*.* **Board Resignation.** Employee hereby resigns from and shall cease to serve as a member of the Company's Board as of the Board Resignation Date (generally the ***"Board Resignation"***).

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Resignation from all other Positions as of the Effective Date.** Employee does hereby tender Employee's resignation as Chief Executive Officer of Inpixon and from any and all other positions Employee holds with any of the XTI Companies, as of the Effective Date (generally the ***"XTI Resignation"*** and together with the Board Resignation, the ***"Resignations.***

 ****

3*.* **Public Announcement.** Except as may be required by regulatory or legal requirement, the Company will not make any public announcement concerning Employee's XTI Resignation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Status of Resignation.** Employee's XTI Resignation shall be treated, for all purposes, as a termination by Employee's resignation of the Original Employment Agreement, as amended by the Amendment, and any other relationship Employee has with any and all of the XTI Companies, as of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Consideration.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In complete satisfaction of any and all amounts the Company or any of the XTI Companies or the Inpixon Companies may owe to Employee, or Employee's heirs, representatives, and/or assigns, up to and through the Effective Date, including, but not limited to (x) any Base Salary or Bonus, or any other amounts to which Employee may be entitled to as a result of or in connection with Employee's employment with any of the XTI Companies, and/or (y) any amounts Employee may in any way be entitled to under the Original Employment Agreement, as amended by the Amendment, and in consideration of Employee's Resignations, the Company agrees, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to applicable withholding requirements, pay to Employee Employee's unpaid Base Salary since the last payroll through the Effective Date, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Subject to applicable withholding requirements, pay Employee the value of Employee's accrued, unused vacation leave, subject to applicable withholding, (such accrued PTO (210 hours) amount being $31,500).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) reimburse Employee for all pre-approved business expenses reasonably incurred by Employee and properly submitted to the Company prior to the Effective Date, in compliance with the Company's reimbursement policy, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) fully vest as of the Effective Date all of Employee's Options;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In consideration of Employee's full and complete satisfactions of Employee's obligations as set forth in Section 4 above, the Company agrees to pay to Employee, within ten (10) business days of the Effective Date, $687,000 (the *"**Separation Payment**"*) subject to any applicable withholding requirement, which such Separation Payment is inclusive of the amounts described in Section 5(a) above and the following amounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. One
year of base salary $312,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. One
year of bonus $300,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Q4
2025 bonus of $75,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Direct
payment of COBRA costs for one (1) year following the Effective Date (amount to be determined).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Representations and Warranties.** Employee represents that, as of the date hereof, Employee has no knowledge of any wrongdoing by the Company involving (a) a breach by Inpixon or any contract or obligation Inpixon has with any third-party, or (ii) an improper or false claims against, by or concerning (i) a federal or state governmental agency or any German governmental authority, or any third-party. The Company acknowledges that it is not aware of any claims it or others may have against the Employee for any actions or inactions through the date of this agreement. Additionally, Employee represents and warrants to the Company, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Employee is of sound mind, capable of understanding each and every term of this Agreement and capable of entering into it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Employee is entering into this Agreement of his own free will.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Non-Admission of Discrimination or Wrongdoing and Acknowledgment of Payment of All Accrued Compensation.** This Agreement shall not in any way be construed as an admission by either Party that they acted wrongfully with respect to the other, or any other person. The Company and Employee specifically disclaim any liability to or wrongful acts against each other or any other person or entity, on the part of themselves, their parents, subsidiaries, affiliates, predecessors, successors, officers, employees, or agents. Employee understands and agrees that he has not suffered any discrimination and/or harassment in terms, conditions or privileges of his employment based on age, race, gender, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, marital status, sexual orientation, gender identification or on any other legally protected basis. Employee understands and agrees that he has no claim for employment discrimination and/or harassment under any legal or factual theory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>No Lawsuits</u>.** Employee promises never to file a lawsuit, administrative complaint, or charge of any kind with any court, governmental or administrative agency or arbitrator against the Company or any of its current or former officers, directors, agents or employees, or any of the Company Releasees as defined below, asserting any claims that are released in this Agreement. Employee represents and agrees that, prior to signing this Agreement, he has not filed or pursued any complaints, charges or lawsuits of any kind with any court, governmental or administrative agency or arbitrator against the Company or any of its current or former officers, directors, agents or employees, or any of the Company Releasees as defined below, asserting any claims that are released in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>Additional Documents</u>.** Employee agrees to endorse and execute any and all documents necessary or appropriate to assign and transfer to, and vest in the Company any and all rights Employee may have to any and all intellectual property rights or other rights Employee may have in any way associated with or relating to the business of the Company, including those attached hereto as Exhibit A and Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **<u>Complete Release by Employee</u>.** As a material inducement for the Company to enter into this Agreement and pay, as applicable the Consideration described in Section 5 above, Employee, knowingly and voluntarily waives and releases all rights and claims, known and unknown, which Employee may have against the Company, the XTI Companies, the Inpixon Companies, and any of their (i) successors and assigns; (ii) current or former parent, successor, predecessor, affiliate, subsidiary or related entities; or (iii) any of their current or former officers, directors, members, shareholders, managers, employees, agents, contractors, insurance carriers, representatives or attorneys (generally and collectively, *"**the Company Releasees**"*), including any and all charges, complaints, claims, liabilities, obligations, promises, agreements, contracts, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses of any kind other than those obligations of the Company as expressly provided herein. This includes, but is not limited to, claims for employment discrimination, race discrimination, harassment, retaliation, wrongful termination, constructive termination, violation of public policy, breach of any express or implied contract, breach of any implied covenant, fraud, intentional or negligent misrepresentation, emotional distress, defamation, libel, slander, or any other claims relating to Employee's relationship with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **<u>Complete Release by the Company</u>.** As a material inducement for Employee to enter into this Agreement, the Company knowingly and voluntarily waive and release all rights and claims, known and unknown, which they or any of them may have against Employee and any of Employee's heirs, successors and assigns, or attorneys (*"**Employee Releasees**"*), including any and all charges, complaints, claims, liabilities, obligations, promises, agreements, contracts, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses of any kind, other than those obligations of Employee as provided herein or other document expressly referenced herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Indemnification.** The Company shall defend, indemnify, and hold harmless Employee and his agents, successors, and assigns from and against all losses, damages, liabilities, deficiencies, actions, judgments, interest, awards, penalties, fines, costs, or expenses of whatever kind (including reasonable attorneys' fees) arising out of or resulting from any acts undertaken by Employee in the scope of his performances of his duties for the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **<u>Unknown Claims</u>.** The Parties all acknowledge and agree that, as a condition of this Agreement, they all expressly release all rights and claims against any other Party that they know about, as well as those they may not know about or suspect to exist at the time of executing this Agreement, which if known may have materially affected the decision to execute this Agreement. For the purpose of implementing a full and complete release and discharge of the Company Releasees and the Employee Releasees, and others released herein, the Parties expressly acknowledge that this Agreement is intended to include and does include in its effect, without limitation, all claims which they do not know or suspect to exist in his favor against any Party hereto, and that this Agreement contemplates the extinguishment of any such claim or claims.

---

| | | |
|:---|:---|:---|
| /s/ SD | /s/ SD | /s/ BT |
| Employee | Initials | Company Initials |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. **<u>Ownership of Claims</u>.** The Parties each represent and agree that they have not assigned or transferred, or attempted to assign or transfer, to any person or entity, any of the claims he is releasing in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. **<u>No Representations</u>.** Employee represents and agrees that no promises, statements or inducements have been made to him that caused him to sign this Agreement other than those expressly stated in this Agreement. Employee acknowledges and agrees that this Agreement is the sole and only expression of the terms relating to its subject matter, and that such terms cannot be modified or amended through the use of any outside oral or written evidence that existed prior to or after the date Employee signs this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. **<u>Confidentiality of this Agreement</u>.** The Parties shall keep the facts and terms of this Agreement confidential, and not to disclose such information to anyone other than to that Party's own spouse, if any, attorneys and the Company's board of directors, management team and others within the Company with a need to know such information (hereafter referred to as *"**Parties' Confidants**"*), all of whom will be informed of and be bound by this confidentiality provision. Unless otherwise required by a governmental authority, neither of the Parties nor the Parties' Confidants shall disclose the facts, amount or terms of this Agreement to anyone including, but not limited to, any Internet or Internet media, any print, radio or television media, to any past, present or prospective applicant for employment with the Company, to any current or former employee of the Company, to any counsel for any current or former employee of the Company, to any other counsel or third party, or to the public at large. The Parties understand and agree that any disclosure of information in violation of this confidentiality provision by a Party or by any of Parties' Confidants would cause injury and damage, the actual amount of which would be impractical or extremely difficult to determine. Accordingly, the Parties agree that any Party shall be entitled to an immediate injunction and then shall be entitled to equitable relief as well as whatever legal damages suffered. If any proceeding is brought concerning an alleged violation of this confidentiality provision, the prevailing Party shall recover from the losing Party all reasonable attorneys' fees and costs incurred in connection with such proceeding. The non breaching Party shall have the burden of proving by a preponderance of the evidence such violation by the breaching Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. **<u>Successors</u>.** This Agreement shall be binding upon the Parties and their respective heirs, administrators, representatives, executors, successors and assigns, and shall inure to the benefit of the Company Releasees and the Employee Releasees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. **<u>Mediation</u>.** The Parties to this Agreement agree to mediate any dispute or claim arising out of or relating to this Agreement or any resulting transaction therefrom, including selection of forum of the dispute, before resorting to court action, subject to exclusions from mediation as set forth. The Parties shall agree upon a mediator mutually acceptable to them and mediation fees, if any, shall be divided equally among the Parties involved. If any Party commences an action based on the dispute or claim to which this Paragraph applies, without first attempting to resolve the matter through mediation, then that Party shall not be entitled to recover attorneys' fees, even if they would otherwise be available to that Party in any such action. Should Employee or the Company institute any legal action or administrative proceeding with respect to any claim waived by this Agreement or pursue any dispute or matter covered by this paragraph by any method other than said mediation, the responding Party shall be entitled to recover from the other Party all damages, costs, expenses and attorneys' fees incurred as a result of such action. The only exception to this clause regarding mediating disputes shall be a claim for injunctive relief for disclosure or threatened disclosure of Trade Secrets, as described in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. **<u>Mutual Non-Disparagement</u>.** The Parties are executing this Agreement on an amicable basis and both parties agree to speak favorably about the other. The Parties further agree not to falsely or maliciously disparage one another, and their officers, directors, employees, shareholders and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that the Parties may respond accurately and fully to any request for information if required by legal process or in connection with a government investigation. In addition, nothing in this provision or this Agreement is intended to prohibit or restrain either Party in any manner from making disclosures that are protected under the whistleblower provisions of federal law or regulation or under other applicable law or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. **<u>Release of Age Discrimination Claims</u>.** Age discrimination is specifically intended to be included as a Released Action: Employee specifically intends that this Agreement shall include a complete release of claims for race discrimination and under the Age Discrimination in Employment Act of 1967 (ADEA; 29 U.S.C. §§ 621 et seq.), as amended by the Older Workers' Benefit Protection Act of 1990, except for any allegation that a breach of this Act occurred following the effective date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Additional Consideration:** Employee agrees and promises that this Agreement by the Company represents obligations by the Company to Employee that are in addition to anything of value to which Employee was otherwise entitled from the Company. In addition, Employee agrees and acknowledges that additional consideration has been provided by the Company (beyond that which would have otherwise been provided) in order to effect a valid waiver of Employee's claims under the federal age discrimination laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Advice to Consult an Attorney:** Employee is hereby advised to consult with an attorney prior to signing this Agreement, because Employee is giving up significant legal rights. Employee acknowledges that he has been so advised and has, in fact, considered whether to consult with an attorney prior to signing this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Reasonable Time to Consider Settlement Agreement:** Employee acknowledges that Employee has been given a reasonable period of time (a maximum of 21 days, if Employee so chooses) to consider this Agreement prior to signing this Agreement. Employee understands that he has seven days following his signing of this Agreement to rescind it, but only insofar as it affects a release of a claim for violation of the ADEA, in which case it shall remain fully effective in all other respects. To rescind this Agreement as to the ADEA, Employee agrees to deliver a Notice signed by Employee to the Company via Brooke Turk, CFO at the address or email set forth following the Company's signature below, by the end of the seven-day period. The remainder of this Agreement shall remain in full force and effect including, but not limited to, the clause requiring arbitration of disputes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Non-Release of Future Claims:** Employee is hereby advised that this Agreement does not waive or release any rights or claims that Employee may have under the ADEA, or otherwise, which arise after the date Employee signs this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. **Severability and Governing Law.** Should any of the provisions in this Agreement be declared or be determined to be illegal or invalid, all remaining parts, terms or provisions shall be valid, and the illegal or invalid part, term or provision shall be deemed not to be a part of this Agreement. This Agreement is made and entered into in the State of Nevada and shall in all respects be interpreted, enforced and governed under the laws of Nevada, without respect to any conflicts of law provisions in other jurisdictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. **Proper Construction.** The language of all parts of this Agreement shall in all cases be construed as a whole according to its fair meaning, and not strictly for or against any of the Parties. As used in this Agreement, the term "or" shall be deemed to include the term "and/or" and the singular or plural number shall be deemed to include the other whenever the context so indicates or requires. The paragraph headings used in this Agreement are intended solely for convenience of reference and shall not in any manner amplify, limit, modify or otherwise be used in the interpretation of any of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. **Entire Agreement.** This Agreement is the entire agreement between the Parties and fully supersedes any and all prior agreements or understandings between the Parties pertaining to Employee's employment with the Company and the subject matter and agreements referenced herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. **Dispute Resolution/Arbitration.** Except as otherwise provided herein, any dispute between Employee and the Company shall be submitted to binding arbitration, which will occur in either Tarrant, Collins or Dallas County, Texas. Employee or the Company may commence the arbitration by delivery of a written notice to the other Parties describing the issue in dispute and its position with regard to such issue. If Employee and the Company are unable to agree on an arbitrator within thirty (30) days following delivery of such notice, the arbitrator shall be selected in accordance with the American Arbitration Association's National Rules for the Resolution of Employment Disputes in effect at the time (*"**National Rules**"*). Only one arbitrator, as opposed to a panel of arbitrators shall hear the dispute. Discovery shall be allowed in accordance with the National Rules. Except as may be otherwise provided herein, the arbitration shall be conducted in accordance with the National Rules. The award of the arbitrator shall be final and binding, and judgment upon an award may be entered in any court of competent jurisdiction. Each Party shall bear its own costs and attorneys' fees; and Employee shall pay one-half of the cost of arbitration, and the Company shall pay the other one-half. Nothing contained in this <u>Section 23</u> shall prevent either party from seeking a temporary restraining order, preliminary injunction or similar injunctive relief from a court of competent jurisdiction to enforce the provisions of this Agreement. In the event that any Party institutes an action in court for such relief or to compel arbitration or enforce an award of arbitration, the prevailing Party shall be entitled to recover its costs, including without limitation reasonable attorneys' and experts' fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. **Notice.** All notices, requests, demands, or other communications under this Agreement shall be in writing. Notice shall be sufficiently given for all purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Personal Delivery.** When personally delivered to the recipient, notice is effective on delivery.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **First-Class Mail.** When mailed first class to the last address of the recipient known to the Party giving notice, notice is effective two (2) mail delivery days after deposit in a United States Postal Service office or mailbox.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Certified Mail.** When mailed certified mail, return receipt requested, notice is effective on receipt, if delivery is confirmed by a return receipt dated on a business day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Overnight Delivery.** When delivered by overnight delivery via FedEx/United Parcel Service, or other reputable overnight delivery service, charges prepaid or charged to the sender's account, notice is effective on delivery, if delivery is confirmed by the delivery service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **Email Transmission.** When sent by email to the last email address of the recipient known to the Party giving notice, notice is effective when sent. Any Notice given by email shall be deemed received on the next business day if it is received after 5:00 p.m. (recipient's time) or on a non-business day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **Address, email and Facsimile Numbers.** Addresses, email addresses and fax numbers for purpose of giving notice are as set forth following the signatures of the Parties below. Any Party may change its address or fax number by giving the other Party notice of the change in any manner permitted by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) **Refusal, Unclaimed or Undeliverable Notice.** Any correctly addressed notice that is refused, unclaimed, or undeliverable because of an act or omission of the Party to be notified shall be deemed effective as of the first business day that said notice was refused, unclaimed, or deemed undeliverable by the postal authorities, messenger, or overnight delivery service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) **Business Day.** If the last day permissible for delivery of any Notice under any provision of this Agreement, or for the performance of any obligation under this Agreement, shall be other than a business day, such last day for such Notice or performance shall be extended to the next following Business Day (provided, however, under no circumstances shall this provision be construed to extend the Date of Termination of this Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. **Confirmation of the Parties' Understanding of the Terms of This Agreement.** The Parties represent that they have read this Agreement, in full, and understand each of its terms. The Parties also represent that they have had sufficient time and opportunity to obtain legal advice, if desired, before signing this Agreement. The Parties represent that they are signing this Agreement voluntarily, without any form of duress or coercion. The Parties understand that this Agreement shall be final and binding on the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. **Counterparts.** This Agreement may be executed in any number of counterparts, using facsimile or electronic signatures, each of which will be deemed an original, but all of which together will constitute one and the same instrument. The Parties may also deliver executed copies of this Agreement to each other by electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. No party may raise the use of any image transmission device or method or the fact that any signature was transmitted as an image as a defense to the enforcement of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. **Managing Director.** The Parties acknowledge that Employee serves as the Managing Director of Inpixon and IntraNav, in accordance with German law. Employee agrees to (i) countersign a Contribution Agreement pursuant to which all of the stock of Aware RTLS, Inc., a Texas corporation are being contributed to Inpixon, (ii) execute such powers of attorney, authorizing the Heuking Law Firm to act for Inpixon and IntraNav relative to the Inpixon Transaction, together with such other document(s) as the Company requests, before a German notary at the German Embassy (the *"**Executed Documents**"*) to authorize and otherwise affect the Inpixon Transaction and (iii) cause the original notarized Executed Documents to be delivered to such location in Frankfurt, Germany as designated by the Company on or before the Inpixon Close Date, via overnight delivery. The Parties agree that Employee's obligations and service as a Managing Director shall terminate on the Inpixon Close Date and the documents relative to such Inpixon Transaction shall cause the Purchaser in the Inpixon Transaction to replace Employee as the Managing Director of Inpixon and IntraNav as of the Inpixon Close Date (or executed on the Inpixon Transaction Date, and filed as soon thereafter as such may be accomplished with the German corporate registry.

**IN WITNESS WHEREOF,** the Parties have executed this Agreement to be effective as of the date the Company's Board approves this Agreement at the Company's Board meeting scheduled for January 29, 2026 (the *"**Effective Date**"*).

 ****

---

| | | |
|:---|:---|:---|
| XTI Aerospace, Inc., a Nevada corporation | XTI Aerospace, Inc., a Nevada corporation |  |
| By: | /s/ Brooke Turk | /s/ Soumya Das |
|  | Brooke Turk, CFO | Soumya Das |
| 8123 S. InterPort Boulevard, Suite C | 8123 S. InterPort Boulevard, Suite C | Address: |
| Englewood, Colorado 80112 | Englewood, Colorado 80112 |  |
|  |  | Email: |
| Email: | Email: |  |

---

 ****

 ****

**EXHIBIT A**

**Resignation**

XTI Aerospace, Inc.

8123 S. InterPort Boulevard, Suite C

Englewood, Colorado 80112

Attention: Board of Directors (the *"**Board**''*) of XTI Aerospace, Inc. (the *"**Company**"*)

 ****

Ladies and Gentlemen:

I, the undersigned, hereby voluntarily and irrevocably resign, effective immediately, (my *"**Resignation**"*) from (i) my position as a director on the Company's Board, and (ii) my position as Chief Executive Officer of Inpixon and from any and all other positions I hold with Company or any of the Company's subsidiaries (collectively, the *"**XTI Companies**"*), including, but not limited to, (x) Inpixon GmbH, (y) IntraNav GmbH, based in Eschborn, Germany, an indirect subsidiary of XTI (collectively, the *"**Inpixon Companies**"*), with the German Companies comprising the entire business unit of XTI generally referred to as Inpixon focused on real-time location systems (*"**RTLS**''*) technology providing location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety (the *"**Inpixon Business**"*).

 ****

My Resignation shall be deemed effective without any further action or acceptance by the Company or the Board. Please be advised that my Resignation is not because of a disagreement with the Company on any matter relating to the Company's operations, policies or practices.

---

| | |
|:---|:---|
| Dated: January 29, 2026 | Sincerely, |
|  | /s/ Soumya Das |
|  | Soumya Das |

---

**EXHIBIT B**

<u>**RELEASE OF CLAIMS AND WAIVERS**</u>

In exchange for payment to Employee of the Separation Payment, if any, as provided in this Separation Agreement and Release (the *"**Agreement**"* and for the other benefits provided therein) between Employee and XTI Aerospace, Inc., a Nevada corporation (the *"**Company**"*), to which this form is attached, Employee hereby furnishes to the Company this Release and Waiver of Claims.

Employee hereby releases, and forever discharges the Company, its officers, directors, agents, employees, stockholders, successors, assigns and affiliates (including all Company Affiliates (as defined in the Agreement)), of and from any and all known claims, liabilities, demands, causes of action, costs, expenses, attorneys' fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, suspected and unsuspected, disclosed and undisclosed, arising at any time prior to and including Employee's employment termination date with respect to any claims relating to Employee's employment and the termination of Employee's employment, including but not limited to, claims pursuant to any federal, state or local law relating to employment, including, but not limited to, discrimination claims, claims under the any Fair Employment and Housing Act, and the Federal Age Discrimination in Employment Act of 1967, as amended (*"**ADEA**"*), or claims for wrongful termination, breach of the covenant of good faith, contract claims, tort claims, and wage or benefit claims, including but not limited to, claims for salary, bonuses, commissions, stock, stock options, vacation pay, fringe benefits, severance/separation pay or any form of compensation (other than the Transition Payments and the Separation Payment owed by the Company to Employee under the Agreement).

Employee acknowledges that, among other rights, Employee is waiving and releasing any rights Employee may have under the ADEA, that this Release and Waiver of Claims is knowing and voluntary, and that the consideration given for this Release and Waiver Claims is in addition to anything of value to which Employee was already entitled as an employee of the Company. Employee further acknowledge that Employee has been advised, as required by the Older Workers Benefit Protection Act, that: (a) this Release and Waiver of Claims granted herein does not relate to claims which may arise after it is executed; (b) Employee has the right to consult with an attorney prior to executing this Release and Waiver of Claims (although Employee may choose voluntarily not to do so); (c) Employee has twenty-one (21) days from the date Employee receives this Release and Waiver of Claims, in which to consider this Release and Waiver of Claims (although Employee may choose voluntarily to execute it earlier); (d) Employee has seven (7) days following the execution of this Release and Waiver of Claims to revoke Employee's consent to this Release and Waiver of Claims; and (e) this Release and Waiver of Claims shall not be effective until the seven (7) day revocation period has expired.

---

| | |
|:---|:---|
| Date: January 29, 2026 | **<u>EMPLOYEE:</u>** |
|  | /s/ Soumya Das |
|  | Soumya Das |

---

## Exhibit 10.2

**Exhibit 10.2**

**XTI AEROSPACE, INC.**

**Board of Directors Services Agreement** 

This Board of Directors Services Agreement (this "Agreement"), dated February 1, 2026 (the "Effective Date"), is entered into between XTI AEROSPACE, INC., a Nevada corporation (the "Company"), and Jonathan Ornstein, an individual ("Director").

The parties hereto agree as follows:

**AGREEMENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Board Duties.** 

Director will provide services to the Company as a member of the Company's Board (the "Board of Directors" or the "Board") including, such committees of the Board as the Board shall determine to be appropriate or advisable. Director shall, for so long as Director remains a member of the Board, meet with the other members of the Board and/or the Company's executive officers upon request, at dates and times mutually agreeable to the parties, to discuss any matter involving the Company (including any subsidiary). Director acknowledges and agrees that the Company may rely upon Director's expertise in business disciplines where Director has significant experience with respect to the Company's business operations and that such requests may require substantial additional time and efforts in addition to Director's customary service as a member of the Board.

Director understands that as a member of the Board Director is bound by the duties of care, loyalty and good faith. As such, Director may not use Director's position of trust and confidence to further Director's private interests, Director must inform herself or himself of all material information reasonably available before voting on a matter and Director may act as a member of the Board only for the purpose of advancing the best interests of the Company and all of its shareholders, may not intentionally violate the law and may not disregard Director's duties to the Company (including any subsidiary) and its stockholders. Membership on the Board shall require adherence to board member conduct policies adopted by the Board and enforced equally upon all directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Compensation.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **No Employee Directors Compensation.** No additional compensation for services as a director or committee member shall be paid to Director if Director is employed or engaged (whether by a written or non-written agreement or arrangement) by the Company as an employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Annual Compensation.** As compensation for the services provided pursuant to this Agreement, the Company shall pay to Director, so long as Director continues to fulfill all of Director's duties as a member of the Board and to comply with the terms of this Agreement, the cash retainer, committee compensation and stock awards set forth on <u>Exhibit A</u> (the "Non-Employee Director Fees"). All cash compensation payable pursuant to this Section 2(b) shall be paid on the last day of each fiscal quarter in arrears for the services performed during such fiscal quarter. Compensation payable in stock options as set forth on Exhibit A shall be granted pursuant to the XTI Aerospace, Inc. 2018 Employee Stock Incentive Plan, as amended from time to time "Equity Plan") within ninety (90) days of the end of each fiscal year (or such other earlier or later date as the Board or a committee of the Board empowered to establish the compensation of directors or committee members authorized to make such grants pursuant to the Equity Plan shall approve). In the event Director ceases to serve on the Board, Director shall be entitled to the pro rata portion of Director's Non-Employee Director Fees for each month served on the Board in a given fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Stock in lieu of Cash Fees**. The Director may elect, by written notice to the Company, any cash compensation payable pursuant to this Agreement, to be satisfied, in whole or in part, in the form of a restricted stock grant, issuable pursuant to and in accordance with the Equity Plan. Such election shall be subject to the approval of the Board (or a committee of the Board empowered to establish the compensation of directors or committee members pursuant to the Equity Plan shall approve). The number of shares of common stock issuable pursuant to such restricted stock grant, shall be equal to the quotient determined by dividing the aggregate cash compensation subject to the Director's election by the closing price of the Common Stock on the date of grant, alternatively, such other method as the Board shall determine or a committee of the Board authorized to make such grants pursuant to the Equity Plan shall approve.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Adjustments.** The Non-Employee Director Fees shall be subject to upward or downward adjustment, in the sole discretion of the Board or any committee of the Board empowered to establish the compensation of directors or committee members, upon written notice to Director, and any such adjustment shall not require an amendment to this Agreement, which will remain in effect in accordance with its terms notwithstanding any such adjustment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. Reimbursement of Expenses.** The Company will reimburse Director for reasonable business expenses incurred on behalf of the Company in discharging Director's duties as a member of the Board hereunder, provided that any such expenses in excess of $1,000 are approved in advance in writing by the Company's Chief Executive Officer or Chief Financial Officer and provided further that Director shall provide the Chief Financial Officer with reasonable substantiating documentation relating to such expenses prior to reimbursement. '

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. Non-Disparagement.** Director shall not make, cause to be made, publish, ratify or endorse any disparaging remarks or derogatory statements or comments to any third party with respect to the Company and its affiliates or any of its and their products or businesses, or any of its and their current and former officers, directors and employees (collectively, "Company Parties"). The duties and obligations of Director set forth in this Section 4 shall survive any termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. Confidentiality.** Director agrees that Director will have access to and become acquainted with, or may prepare, confidential proprietary information of the Company and its affiliates ("Confidential Information") which is owned by the Company and its affiliates and is regularly used in the operation of the Company's and its 'affiliates' businesses. As used in this Agreement, the term "Confidential Information" shall mean proprietary and non-public information that is not disclosed by the Company in its filings with the SEC, whether or not in written or tangible form, and including all memoranda, notes, summaries, plans, reports, records, documents and other evidence thereof. Director agrees that the term "Confidential Information" as used in this Agreement is to be broadly interpreted and includes (i) information that has, or could have, commercial value for the business in which the Company or any of its affiliates is engaged, or in which the Company or its affiliates may engage at a later time, and (ii) information that, if disclosed without authorization, could be detrimental to the economic interests of the Company or any of its affiliates. Director agrees that the term "Confidential Information" includes, without limitation, any patent, patent application, copyright, trademark, trade name, service mark, service name, "know-how," negative "know-how," trade secrets, customer and supplier identities, characteristics and terms of agreement, details of customer or Director contracts, pricing policies, operational methods, marketing plans or strategies, product development techniques or plans, business acquisitions plans, science or technical information, ideas, discoveries, designs, computer programs (including source codes), financial forecasts, unpublished financial information, budgets, processes, procedures, formulae, improvements or other proprietary or intellectual property of the Company, whether or not in written or tangible form, and whether or not registered, and including all memoranda, notes, summaries, plans, reports, records, documents and other evidence thereof. Director acknowledges that all Confidential Information, whether prepared by Director or otherwise acquired by Director in any other way, shall remain the exclusive property of the Company or its affiliates, as applicable. Except as necessary for the provision of services of Director to the Company as a member of the Board hereunder, Director shall not use, misappropriate, or disclose in any way to any person or entity any of the 'Confidential Information, either directly or indirectly'. In addition, at any time, upon the request of the Company and without further compensation, but at no expense to Director, Director shall perform any lawful acts, including the execution of papers and oaths and the giving of testimony, that in the opinion of the Company, or its successors or assigns, may be necessary or desirable in order to obtain, sustain, reissue and renew, and in order to enforce, perfect, record and maintain, patent applications and United States and foreign patents on the Company's or its affiliates' inventions, and copyright registrations on the Company's and its affiliates' material. The duties and obligations of Director set forth in this Section 5 shall survive any termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. Term.** Except as otherwise provided herein, the term of this Agreement shall continue until the later of (i) the date that the Company's stockholders fail to re-elect Director as a member of the Company's Board, including as a result of the failure by the Company to nominate Director as a candidate for election or (ii) the date that Director ceases to be a member of the Company's Board for any reason. Director may voluntarily resign from Director's position on the Board at any time upon thirty (30) days prior written notice to the Company or such shorter period as the parties may agree upon, and such resignation shall not be considered a breach of this Agreement. Upon the termination of this Agreement, any property of the Company, including, without limitation, laptops, personal computers and related equipment, used by Director may (at the option of the Company, in the Company's sole discretion) be purchased by Director from the Company at its then current fair market value, to be determined in good faith by the Chief Financial Officer of the Company, or promptly returned to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7. Non-Competition**. For so long as the Director is a member of the Board and for one (1) year thereafter (the "Non-Compete Period"), the Director shall not directly or indirectly, be employed by, own, manage, own, control, participate in, consult with, render services for, or in any other manner engage in any business which is competitive with the Company's business in any market in which the Company is operating, or is considering operating at any time when the Director is serving on the Board. Notwithstanding the foregoing, the ownership of less than a 5% interest in a public entity, by itself, shall not constitute a violation of the restriction set forth in the previous sentence of this Section 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8. No Conflict**. The Director represents and warrants to the Company that the Director is not a party to or bound by any director, employment, noncompete or confidentiality agreement with any other person or entity or any other agreement, written or non-written, which would conflict with, prevent or limit the Director's ability to enter into this Agreement or perform the Directors obligations hereunder, and Director shall use Director's best eﬀorts to avoid or minimize any relationship that creates a conﬂict of interest with respect to Director's duties to the Company as a member of the Board. If, at any time, Director is required by law or governmental authority to make any disclosure or take any action that could conﬂict with any of the provisions of this Agreement, Director shall promptly notify the Board of such obligation, reasonably in advance to making such disclosure or taking such action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. Noninterference with Business**. During the Non-Compete Period, the Director agrees not to interfere with the business of the Company in any manner. and agrees not to solicit or assist any other person or entity to solicit, directly or indirectly, any business (other than for the Company) from any entity or person or induce, directly or indirectly, any employee, independent contractor, customer, supplier or other business relation of the Company to terminate or breach his or her employment, contractual or other relationship with the Company or in any way interfere with such relationship between such third party and the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. Cooperation.** Director shall notify the Company promptly if Director is subpoenaed or otherwise served with legal process in any matter involving or relating to the Company or any of its affiliates and will cooperate in the review, defense or prosecution of any such matter. Director shall notify the Company if any attorney who is not representing the Company contacts or attempts to contact Director (other than Director's own legal counsel) to obtain information that in any way relates to the Company or any of its affiliates, and Director will not discuss any of these matters with any such attorney without first so notifying the Company and providing the Company with an opportunity to have its attorney present during any meeting or conversation with any such attorney. In the event of any claim or litigation against the Company or Director based upon any alleged conduct, acts or omissions of Director during 'the term of this Agreement, Director shall provide to the Company such information and documents as are necessary or desirable and requested by the Company or its counsel, subject to restrictions imposed by federal or state securities laws or court order or injunction. The foregoing shall be subject to the terms and conditions of any indemnification agreement entered into between the Company and Director, the terms and conditions of which shall govern and shall supersede this Section 7 in the event of any conflict between this Section 7 and such indemnification agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. Entire Agreement.** This Agreement represents the entire agreement among the parties with respect to the subject matter herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. Governing Law.** This Agreement shall be governed by the law of the State of Domicile. The "State of Domicile" shall mean the State issuing the Company's current, as the case may be, Articles of Incorporation or Certificate of Incorporation, and any applicable amendments and/or restatements thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. Resolution of Disputes**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Injunctive Relief**. Director hereby recognizes, acknowledges and agrees that in the event of any breach by Director of any of Director's covenants, agreements, duties or obligations contained in this Agreement, the Company would suffer great and irreparable harm, injury and damage, the Company would encounter extreme difficulty in attempting to prove the actual amount of damages suffered by the Company as a result of such breach, and the Company would not be reasonably or adequately compensated in damages in any action at law. Director therefore covenants and agrees that, in addition to any other remedy the Company may have at law, in equity, by statute or otherwise, in the event, of any breach by Director of any of Director's covenants, agreements, duties or obligations contained in this Agreement, the Company shall be entitled to seek and receive temporary, preliminary and permanent injunctive and other equitable relief from any court of competent jurisdiction to enforce any of the duties or obligations contained in this Agreement without the necessity of proving the amount of any actual damage to the Company or any affiliate thereof resulting therefrom; *provided, however,* that nothing contained herein shall be deemed or construed in any manner whatsoever as a waiver by the Company of any of the rights which the Company may have against Director at law, in equity, by statute or otherwise arising out of, in connection with or resulting from the breach by Director of any of Director's covenants, agreements, duties or obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Arbitration**. The parties hereto agree that any controversy or claim arising out of or relating to this Agreement will be submitted to binding arbitration in Tarrant, Collins or Dallas County, Texas, before a mutually agreed upon arbitrator pursuant to rules promulgated by the American Arbitration Association (the "***AAA***"), and shall be conducted in Dallas County offices, as the exclusive remedy for such controversy or dispute. Both parties will be entitled to discovery in accordance with Texas Code of Civil Procedure. The arbitrator shall issue a written decision setting forth Director's or her essential findings and conclusions. The decision of the arbitrator shall be bound by generally acceptable legal principles, including but not limited to, all rules and legal principles concerning potential liability, burdens of proof, remedies, and measure of damages found in all applicable Texas statutes and administrative rules and codes, and all Texas case law. Judgment upon any award rendered by the arbitrator may be entered in any court having jurisdiction thereof. In agreeing to this arbitration, both parties understand and agree that they are <u>waiving the right to a jury trial</u> as to any issue subject to this arbitration provision. The Company will bear all costs unique to arbitration (that is, any expense that the Director would not be required to bear if the matter were heard in court).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14. Insurance.** The Company shall use commercially reasonable efforts to maintain directors' and officers' liability insurance throughout the term of Director's service to the Company hereunder, in amounts and with such carrier(s) and on such terms as determined by the Board, or any committee of the Board empowered for such purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15. Requirements of Director**. During the term of this Agreement, Director shall observe all applicable laws and regulations and the rules of the principal securities exchange or trading market where the Common Stock is then listed relating to independent directors of a public company as promulgated from time to time, and shall not: (i) be an employee of the Company, any entity controlling 50% or more of the Company and with which the Company consolidates its financial statements as filed with the SEC (but not if the Company reflects such entity solely as an investment in its financial statements) ("Parent"), or any entity which the Company controls 50% or more of and with which the Company consolidates its financial statements as filed with the SEC (but not if the Company reflects such entity solely as an investment in its financial statements) ("Subsidiary"); (ii) accept, directly or indirectly, any consulting, advisory, or other compensatory fee from the Company other than as set forth in Section 2 or otherwise approved by the Board; (iii) be an affiliated person of the Company or any Parent or Subsidiary of the Company, as the term "affiliate" is defined in 17 CFR 240.10A-3(e)(1), other than in her or his capacity as a director or a member of a committee of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16. Reporting Obligations**. During the term of this Agreement, Director shall immediately notify the Company in writing if: (i) Director knows or has reason to know or should have known that any of the requirements specified in Section 12 hereof is not satisfied or is not going to be satisfied; (ii) Director is nominated to the Board or becomes an officer of another public company or (iii) Director knows or has reason to know of any actual or potential conflict of interest (as defined under applicable law or regulation or the rules of the principal securities exchange or trading market where the Common Stock is then listed, as applicable) with the Company or its affiliates relating to Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17. Access to Information.** Director shall have full access to books and records of Company and the management of the Company as necessary for the performance of Director's services to the Company as a member of the Board. Requests for such information shall be made in writing to the Chief Financial Officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18. Relationship of the Parties.** Notwithstanding any provision hereof, for all purposes of this Agreement, Director shall be and act as an independent Director, and this Agreement shall not be construed to create any association, partnership, joint venture, employee or agency relationship between Director and the Company for any purpose. Director has no authority (and shall not hold himself or herself out as having authority) to bind the Company and Director shall not make any agreements or representations on the Company's behalf without the Company's prior written consent. Director represents and warrants that neither this Agreement nor the performance thereof will conflict with or violate any obligation of Director or right of any third party. Director shall not be eligible to participate in any employee benefit plans, fringe benefit programs, group insurance arrangements or similar programs offered by the Company to its employees. The Company shall not be responsible for withholding or paying any income, payroll, Social Security or other federal, state or local taxes, making any insurance contributions, including unemployment or disability, or obtaining worker's compensation insurance on Director's behalf. Director agrees to accept exclusive liability for the payment of taxes in connection with the consideration paid to Director and Director shall comply with all valid regulations respecting the assumption of liability for such taxes. Director shall be responsible for, and shall indemnify the Company against, all such taxes or contributions, including penalties and interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19. Miscellaneous.** This Agreement and the services performed hereunder are personal to Director and Director shall not have the right or ability to assign, transfer or subcontract any obligations under this Agreement without the written consent of the Company. Any attempt to do so shall be void. This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. Any of the terms hereof may be waived only by a written document signed by each party to this Agreement or by the party or parties waiving compliance. In the event that any provision of this Agreement is determined to be invalid, illegal or unenforceable in any jurisdiction, that invalid, illegal or unenforceable provision shall be limited or eliminated to the minimum extent necessary so that any other term or provision of this Agreement will remain in full force and effect and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.** **Counterparts**. This Agreement may be executed in any number of counterparts, using facsimile or electronic signatures, each of which will be deemed an original, but all of which together will constitute one and the same instrument. The Parties may also deliver executed copies of this Agreement to each other by electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. No party may raise the use of any image transmission device or method or the fact that any signature was transmitted as an image as a defense to the enforcement of this Agreement.

**ADVICE OF COUNSEL.** DIRECTOR ACKNOWLEDGES THAT, IN EXECUTING THIS AGREEMENT, DIRECTOR HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND DIRECTOR HAS READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.

[SIGNATURE PAGE FOLLOWS]

**IN WITNESS WHEREOF,** the parties hereto enter into this Agreement as of the date first set forth above.

---

| | |
|:---|:---|
| **THE COMPANY**: | **THE COMPANY**: |
| XTI Aerospace, Inc. | XTI Aerospace, Inc. |
| By: | <u>/s/ Scott Pomeroy</u> |
| Name: | Scott Pomeroy CEO |
| Title: | Chairman of the Board |

---

---

| | |
|:---|:---|
| **DIRECTOR**: | **DIRECTOR**: |
| <u>/s/ Jonathan Ornstein</u> | <u>/s/ Jonathan Ornstein</u> |
| Name: | Jonathan Ornstein |

---

**<u>Exhibit A</u>**

**<u>Current Outside Directors' Compensation</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Retainer** | &nbsp;&nbsp;**Stock Awards** | &nbsp;&nbsp;**Committee Compensation** | &nbsp;&nbsp;**Chair Compensation** |
| &nbsp;&nbsp;Annual fee of $50,000<br> payable in quarterly<br> installments in arrears | &nbsp;&nbsp;Annual grant of stock<br> options issued under Equity<br> Plan with a fair market value<br> equal to the cash<br> compensation received in<br> annual retainer and<br> committee fees | &nbsp;&nbsp; *Annual fees, payable in quarterly<br> installments in arrears*:<br>Member of Nominating and Corporate<br> Governance Committee: $5,000<br>Member of Compensation Committee:<br> $7,500<br>Member of Audit Committee: $10,000 | &nbsp;&nbsp; *Annual fees, payable in quarterly <br> installments in arrears*:<br>Chair of Nominating and Corporate <br> Governance Committee: $10,000<br>Chair of Compensation committee: <br> $15,000<br>Chair of Audit Committee: $20,000<br>|

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**XTI Aerospace Appoints Prominent Aviation Industry Insider**

**Jonathan G. Ornstein to its Board of Directors, Signaling Accelerated Push for Drone Leadership and M&A-Driven Growth**

*Appointment of former Mesa Air Group chairman and CEO strengthens capital strategy, deal-making capability, and private-market access as XTI targets UAS dominance*

 

ENGLEWOOD, Colo., Feb. 4, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company") an aerospace technology company focused on building and scaling its newly acquired subsidiary, Drone Nerds, LLC ("Drone Nerds"), today announced the appointment of Jonathan G. Ornstein to the Company's Board of Directors (the "Board"), effective February 1, 2026.

"This appointment reflects our strategic orientation toward leadership in the drone and unmanned aircraft systems market – a direction that will be supported by an increasingly active, disciplined and opportunistic M&A strategy," said Scott Pomeroy, Chief Executive Officer of XTI Aerospace.

Across more than four decades of aviation industry experience, including 25 years as Chairman of Mesa Air Group, Ornstein has repeatedly demonstrated an ability to scale aviation businesses, execute complex transactions, allocate capital prudently and navigate highly regulated markets. Under his leadership, Mesa Air Group explored next-generation aviation technologies, including vertical takeoff and landing ("VTOL") platforms, and made a strategic investment in XTI which was announced in 2024.

"You can see the imprint of Jonathan's forward-thinking approach in everything he's done," said Pomeroy. "His addition to our Board is a force multiplier for where XTI is going. Jonathan brings unmatched experience in building and transforming aviation platforms and that matters enormously at this stage of our evolution."

"XTI is building a serious drone and aerospace platform at a time when dominance in unmanned systems is becoming a strategic imperative," said Ornstein. "The Company's focus on drones, training, supply chain scale, and disciplined M&A, combined with a thoughtful approach to aircraft development financing, creates a powerful foundation. I look forward to supporting XTI as it executes aggressively and intelligently on that strategy."

Ornstein will serve as an independent director and chair the Board's Nominating and Corporate Governance Committee. He will also serve on the Board's Audit and Compensation Committees.

8123 InterPort Blvd., Suite C, Englewood, CO, 80112, USA, (800) 680-7412© XTI Aerospace, Inc \| XTIAerospace.com

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![](ex99-1_001.jpg)

**About XTI Aerospace, Inc.**

XTI Aerospace, Inc. (Nasdaq: XTIA) is an aerospace technology company focused on the advancement of vertical flight. Through its Drone Nerds business, acquired in November 2025, XTI is a premier provider of unmanned aircraft systems ("UAS"), solutions, services and hardware. Through its XTI Aircraft business, the Company is engaged in the development of advanced vertical takeoff and landing ("VTOL") aircraft with the range and speed of planes and the take-off and landing capability of helicopters.

For more information about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.

**Cautionary Statement Regarding Forward-Looking Statements**

This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release are forward-looking statements.

Forward-looking statements may be identified by words such as "believe," "continue," "could," "would," "will," "expect," "intend," "plan," "target," "estimate," "project," or similar expressions. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, market adoption, regulatory requirements, supply chain conditions, technological development, and changes in applicable laws or regulations. XTI undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances. Readers are encouraged to review the risk factors described in XTI's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

**Contacts**

**General inquiries:**

Email: contact@xtiaerospace.com

Web: https://xtiaerospace.com/contact

**Investor Relations:**

Dave Gentry, CEO

RedChip Companies, Inc.

Phone: 1-407-644-4256

Email: XTIA@redchip.com

8123 InterPort Blvd., Suite C, Englewood, CO, 80112, USA, (800) 680-7412© XTI Aerospace, Inc \| XTIAerospace.com

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