Document:

EX-4.1

 Exhibit 4.1 

GENERAL MOTORS COMPANY 
 2020 LONG-TERM INCENTIVE PLAN 
 Section 1. Purpose. The purpose of the General Motors Company 2020
Long-Term Incentive Plan (as amended from time to time, the “Plan”) is to incentivize selected employees, consultants, advisors and non-employee directors of General Motors Company (the “Company”) and its
Subsidiaries and to align their interests with those of the Company’s stockholders. However, nothing in this Plan or any Award granted pursuant to this Plan shall be interpreted to create or establish an employment relationship between the
Company and any Participant. 
 Section 2. Definitions. As used in the Plan, and unless otherwise specified in an applicable Award
Document, the following terms shall have the meanings set forth below: 
 (a) “Award” means any Option, SAR, Restricted Stock, RSU,
Performance Award, Other Stock-Based Award or cash incentive award granted under the Plan. 
 (b) “Award Document” means any
appropriately authorized agreement, contract or other instrument or document evidencing any Award granted under the Plan, whether in electronic form or otherwise, which must be duly executed or acknowledged by a Participant (unless otherwise
specifically provided by the Company). 
 (c) “Beneficiary” means a person designated by a Participant to receive payments or other
benefits or exercise rights that are available under the Plan in the event of the Participant’s death pursuant to Section 14(f). 
 (d)
“Board” means the Board of Directors of the Company. 
 (e) “Cause” means, with respect to any Participant, any of
the following unless explicitly excluded by such Participant’s applicable Award Document, and any additional grounds as may be set forth in such Award Document: 

(i) the Participant’s commission of, or plea of guilty or no contest to, a felony or comparable local charge in non-U.S.
jurisdictions; 
 (ii) the Participant’s gross negligence or willful misconduct that is materially injurious to the Company or any
of its Subsidiaries; or 
 (iii) the Participant’s material violation of state or federal securities laws. 

(f) “Change in Control” means the occurrence of any one or more of the following events: 

(i) any Person other than an Excluded Person, directly or indirectly, becomes the “beneficial owner” (within the meaning of
Rule 13d-3 under the Exchange Act) of securities of the Company constituting more than 40 percent of the total combined voting power of the Company’s Voting Securities outstanding; provided that if such Person becomes the beneficial
owner of 40 percent of the total combined voting power of the Company’s outstanding Voting Securities as a result of a sale of such securities to such Person by the Company or a repurchase of securities by the Company, such sale or purchase by
the Company shall not result in a Change in Control; provided further, that if such Person subsequently acquires beneficial ownership of additional Voting Securities of the Company (other than from the Company), such subsequent acquisition
shall result in a Change in Control if such Person’s beneficial ownership of the Company’s Voting Securities immediately following such acquisition exceeds 40 percent of the total combined voting power of the Company’s outstanding
Voting Securities; 
 (ii) at any time during a period of 24 consecutive months, individuals who at the beginning of such period
constituted the Board and any new member of the Board whose election or nomination for election was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of such period or whose
election or nomination for election was so approved (the “Incumbent Board”), cease for any reason to constitute a majority of members of the Board; provided that no individual 

  
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initially elected or nominated as a director as a result of an actual or threatened election contest, as such terms are used in Rule 14a-12 of Regulation 14A promulgated under the
Exchange Act, with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board shall be deemed to be an Incumbent Director; 

(iii) the consummation of a reorganization, merger or consolidation of the Company or any of its Subsidiaries with any other corporation
or entity, in each case, unless, immediately following such reorganization, merger or consolidation, more than 60 percent of the combined voting power and total fair market value of the then outstanding Voting Securities of the resulting corporation
from such reorganization, merger or consolidation is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners of the outstanding Voting Securities of the Company
immediately prior to such reorganization, merger or consolidation in substantially the same proportion as their beneficial ownership of the Voting Securities of the Company immediately prior to such reorganization, merger or consolidation; or 

(iv) the consummation of any sale, lease, exchange or other transfer to any Person (other than a Subsidiary or affiliate of the Company)
of assets of the Company and/or any of its Subsidiaries, in one transaction or a series of related transactions within a 12-month period, having an aggregate fair market value of more than 50 percent of the fair market value of the Company and its
Subsidiaries immediately prior to such transaction(s). 
 Notwithstanding the foregoing, in no event shall a “Change in Control” be deemed
to have occurred (A) as a result of the formation of a Holding Company, (B) with respect to any Participant, if the Participant is part of a “group” within the meaning of Section 13(d)(3) of the Exchange Act as in effect on
the date hereof, which consummates the Change in Control transaction or (C) if the transaction does not constitute a “change in ownership,” “change in effective control,” or “change in the ownership of a substantial
portion of the assets” of the Company within the meaning of Section 409A of the Code. 
 (g) “Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the rules, regulations and guidance thereunder. Any reference to a provision in the Code shall include any successor provision thereto. 

(h) “Committee” means the Executive Compensation Committee of the Board or such other independent committee as may be designated
by the Board to perform any functions of the Executive Compensation Committee with respect to this Plan. 
 (i) “Disability” means,
with respect to any Participant, such Participant’s inability upon a Termination of Service to engage in any gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can
be expected to last for a continuous period of not less than 12 months. 
 (j) “Effective Date” means June 17, 2020. 

(k) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations and guidance
thereunder. Any reference to a provision in the Exchange Act shall include any successor provision thereto. 
 (l) “Excluded Person”
means (i) the Company, (ii) any of the Company’s Subsidiaries, (iii) any Holding Company, (iv) any employee benefit plan of the Company, any of its Subsidiaries or a Holding Company, or (v) any Person organized,
appointed or established by the Company, any of its Subsidiaries or a Holding Company for or pursuant to the terms of any employee benefit plan described in clause (iv). 

(m) “Fair Market Value” means with respect to Shares, the closing price of a Share on the date in question (or, if there is no reported
sale on such date, on the last preceding date on which any reported sale occurred) on the principal stock market or exchange on which the Shares are quoted or traded, or if Shares are not so quoted or

  
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traded, fair market value as determined by the Committee, and with respect to any property other than Shares, the fair market value of such property determined by such methods or procedures as
shall be established from time to time by the Committee. 
 (n) Achievement of “Full Career Status” means a Participant’s
voluntary Termination of Service (i) at the age of 55 or older with ten or more years of continuous service or (ii) at the age of 62 or older. The chief human resources officer of the Company (or such individual holding a comparable role
in the event of a restructuring of positions or re-designation of titles) shall have the binding authority to determine how many years of continuous service a Participant has at any given time. 

(o) “Good Reason” means, with respect to any Participant, the occurrence of any of the following acts by the Company, or failure by the
Company to act, following or in connection with the occurrence of a Change in Control, unless explicitly excluded in such Participant’s applicable Award Document and any additional grounds, as may be set forth in such Award Document: 

(i) a material reduction of such Participant’s base salary or target incentive compensation; 

(ii) an involuntary relocation of the geographic location of such Participant’s principal place of employment (or for consultants or
advisors, service) by more than 50 miles; or 
 (iii) only for Participants who are executive officers of the Company covered by
Section 16 of the Exchange Act, a material diminution of the Participant’s authority, duties, or responsibilities. 
 In each case, if such
Participant desires to terminate his or her employment or service with the Company or Subsidiary, as applicable, for Good Reason, he or she must first give written notice within 90 days of the initial existence of the facts and circumstances
providing the basis for Good Reason to the Company or Subsidiary, as applicable, and allow the Company or Subsidiary, as applicable, 60 days from the date of such notice to rectify the situation giving rise to Good Reason, and in the absence of any
such rectification, such Participant must terminate his or her employment or service for such Good Reason within 120 days after delivery of such written notice. 

(p) “Holding Company” means an entity that becomes a holding company for the Company or its businesses as part of any reorganization,
merger, consolidation or other transaction, provided that the outstanding shares of common stock of such entity and the combined voting power of the then outstanding Voting Securities of such entity are, immediately after such reorganization,
merger, consolidation or other transaction, beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Voting Securities of the Company outstanding
immediately prior to such reorganization, merger, consolidation or other transaction in substantially the same proportions as their ownership, immediately prior to such reorganization, merger, consolidation or other transaction, of such outstanding
Voting Securities of the Company. 
 (q) “Incentive Stock Option” means an option representing the right to purchase Shares from the
Company, granted pursuant to Section 6, that meets the requirements of Section 422 of the Code. 
 (r) “Incumbent Board”
has the meaning assigned to it in Section 2(f). 
 (s) “Non-Qualified Stock Option” means an option representing the right to
purchase Shares from the Company, granted pursuant to Section 6, that is not an Incentive Stock Option. 
 (t) “Option” means an
Incentive Stock Option or a Non-Qualified Stock Option granted pursuant to Section 6. 
 (u) “Other Stock-Based Award” means an
Award granted pursuant to Section 10. 
 (v) “Participant” means the recipient of an Award granted under the Plan. 

  
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 (w) “Performance Award” means an Award granted pursuant to Section 9. 

(x) “Performance Period” means a period of one year (or such longer or shorter period established by the Committee from time to time)
during which any performance goals specified by the Committee with respect to a Performance Award are measured. 
 (y) “Person” means
any individual or entity, including any two or more Persons deemed to be one “person” as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act. 

(z) “Restricted Stock” means any Share granted pursuant to Section 8. 

(aa) “Restricted Stock Unit” or “RSU” means a contractual right granted pursuant to Section 8 that is denominated
in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. 

(bb) “Shares” means shares of the Company’s common stock, $0.01 par value. 

(cc) “Stock Appreciation Right” or “SAR” means a right granted pursuant to Section 7, denominated in Shares, that
entitles the Participant within the exercise period to receive a payment (or a number of Shares with a value) equal to the increase in value between the exercise price and the Fair Market Value of the underlying Shares at the date of exercise. 

(dd) “Subsidiary” means an entity of which the Company directly or indirectly holds all or a majority of the value of the outstanding
equity interests of such entity or a majority of the voting power with respect to the Voting Securities of such entity. Whether employment by or service with a Subsidiary is included within the scope of this Plan shall be determined by the
Committee. 
 (ee) “Termination of Service” means, subject to Section 19, the cessation of a Participant’s employment or
service relationship with the Company or a Subsidiary such that the Participant is determined by the Company to no longer be an employee, consultant or non-employee director of the Company or such Subsidiary, as applicable; provided, however,
that, unless the Company determines otherwise, such cessation of the Participant’s employment or service relationship with the Company or a Subsidiary, where the Participant’s employment or services for the Company continues at another
Subsidiary, or as a member of the Board, shall not be deemed a cessation of employment or service that would constitute a Termination of Service; provided, further, that a Termination of Service shall be deemed to occur for a Participant
employed by or providing services to a Subsidiary when the Subsidiary ceases to be a Subsidiary unless such Participant’s employment or service continues with the Company or another Subsidiary. The chief human resources officer of the Company
(or such individual holding comparable roles in the event of a restructuring of positions or re-designation of titles) shall have the binding authority to determine whether a Participant has had a cessation of his or her employment or service
relationship with the Company or a Subsidiary. 
 (ff) “Voting Securities” means securities of a Person entitling the holder thereof
to vote in the election of the members of the board of directors of such Person or such governing body of such Person performing a similar principal governing function with respect to such Person. 

Section 3. Eligibility. The following individuals may be designated by the Committee as a Participant from time to time: (a) a
person who serves or is employed as an officer or other employee of the Company or any Subsidiary; (b) a consultant or advisor who provides services to the Company or a Subsidiary; and (c) a non-employee director of the Company. To
participate in the Plan, consultants and advisors must meet the definition of employee under Form S-8. 

  
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 Section 4. Administration. 

(a) The Plan shall be administered by the Committee. All decisions of the Committee shall be final, conclusive and binding upon all parties, including
the Company, its stockholders and Participants and any Beneficiaries thereof. To the extent permitted by applicable law, the Committee may delegate to one or more members of the Committee or officers of the Company authority to administer the Plan,
such as the authority to grant Awards or take any other actions permitted under the Plan, within any limits established by the Committee. Subject to the immediately preceding sentence, the Committee may directly or through its delegate issue rules
and regulations for administration of the Plan. 
 (b) To the extent necessary or desirable to comply with applicable regulatory regimes, any action
by the Committee shall require the approval of Committee members who are (i) independent, within the meaning of and to the extent required by applicable rulings and interpretations of the applicable stock market or exchange on which the Shares
are quoted or traded; and (ii) non-employee directors within the meaning of Rule 16b-3 under the Exchange Act. 
 (c) Subject to applicable law,
the terms of the Plan, including but not limited to Section 4(a), and such orders or resolutions not inconsistent with the terms of the Plan as may from time to time be adopted by the Board, the Committee or its delegate shall have full power,
discretion and authority to: (i) subject to Section 3, designate eligible individuals who will be Participants; (ii) determine the type or types of Awards to be granted to each Participant under the Plan; (iii) determine the
number of Shares to be covered by (or with respect to which payments, rights or other matters are to be calculated in connection with) Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent and
under what circumstances Awards may be settled or exercised in cash, Shares, other Awards, other property, net settlement, or any combination thereof, or cancelled, forfeited or suspended, and the method or methods by which Awards may be settled,
exercised, cancelled, forfeited or suspended; (vi) determine whether, to what extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an Award under the Plan shall be deferred
either automatically or at the election of the holder thereof or of the Committee; (vii) determine under what circumstances the vesting of an Award shall occur; (viii) interpret and administer the Plan and any instrument or agreement
relating to, or Award made under, the Plan; (ix) prescribe the form of each Award Document, which need not be identical for each Participant; (x) establish, amend, suspend or waive such rules and regulations and appoint such agents,
trustees, brokers, depositories and advisors and determine such terms of their engagement as it shall deem appropriate for the proper administration of the Plan and due compliance with applicable law, stock market or exchange rules and regulations
or accounting or tax rules and regulations; (xi) make any other determination and take any other action that the Committee in its sole discretion deems necessary or desirable for the administration of the Plan and due compliance with applicable
law, stock market or exchange rules and regulations or accounting or tax rules and regulations; and (xii) to construe, interpret and apply the provisions of this Plan. 

(d) In addition to the conditions imposed by Section 11, the Committee or its delegate may impose restrictions on any Award at the time of grant in
the applicable Award Document or by other action with respect to non-competition, confidentiality and other restrictive covenants as it deems necessary or appropriate. 

(e) Notwithstanding any other provision in the Plan to the contrary, in any instance where a determination is to be made under the Plan at the
discretion of the Company’s Chief Executive Officer or chief human resources officer (or such individuals holding a comparable role in the event of a restructuring of positions or re-designation of titles), the Company’s Chief Executive
Officer shall make such determination in respect of the Company’s chief human resources officer, and the Committee shall make such determination in respect of the Company’s Chief Executive Officer (or, in each case, such individuals
holding the comparable roles in the event of a restructuring of positions or re-designation of titles). 

  
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 Section 5. Shares Available for Awards. 

(a) Subject to adjustment as provided in Section 5(c), the maximum number of Shares available for issuance under the Plan shall not exceed
50,000,000 Shares, with each Share subject to (or deliverable with respect to) an Option, SAR, RSU or any other Award reducing the number of Shares available for issuance under the Plan by one Share. The maximum number of Shares available for
issuance under Incentive Stock Options shall be 50,000,000. 
 (b) Any Shares subject to an Award that expires, is cancelled, forfeited or otherwise
terminates without the delivery of such Shares, including any Shares subject to an Award to the extent that Award is settled without the issuance of Shares, shall again be, or shall become, available for issuance under the Plan; provided,
however, that (i) any Shares surrendered or withheld in payment of any grant, purchase, exercise price of an Award or taxes related to an Award, (ii) any Shares covered by a SAR that is exercised and settled in Shares and
(iii) any Shares repurchased in the open market using stock option proceeds, shall not again be available for issuance under the Plan. 
 (c) In
the event that the Committee determines that, as a result of any dividend or other distribution (whether in the form of cash, Shares or other securities), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, issuance of Shares pursuant to the anti-dilution
provisions of securities of the Company, or other similar corporate transaction or event affecting the Shares, or of changes in applicable laws, regulations or accounting principles, an adjustment is appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall adjust equitably any or all of: 

(i) the number and type of Shares (or other securities) which thereafter may be made the subject of Awards, including the aggregate and
individual limits specified in Section 5(a); 
 (ii) the number and type of Shares (or other securities) subject to outstanding
Awards; and 
 (iii) the grant, purchase or exercise price with respect to any Award or, if deemed appropriate, make provision for a
cash payment to the holder of an outstanding Award; provided, however, that the number of Shares subject to any Award denominated in Shares shall always be a whole number. 

(d) Any Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and newly issued Shares or Shares acquired by the Company.

 (e) The maximum number of Shares subject to Awards granted during a single fiscal year to any non-employee Director, taken together with any cash
fees paid during the fiscal year to the non-employee Director, in respect of the Director’s service as a member of the Board during such year (including service as a member or chair of any committees of the Board), shall not exceed $750,000 in
total value (calculating the value of any such Awards based on the grant date fair value of such Awards for financial reporting purposes). The independent members of the Board may make exceptions to this limit for a non-executive chair of the Board
or a non-executive lead Director, provided that the non-employee Director receiving such additional compensation may not participate in the decision to award such compensation. 

Section 6. Options. The Committee is authorized to grant Options to Participants with the following terms and conditions and with
such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 
 (a) The
exercise price per Share under an Option shall be determined by the Committee; provided, however, that such exercise price shall not be less than the Fair Market Value of a Share on the date of grant of such Option. Notwithstanding the
foregoing, an Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another Option in a manner consistent with the provisions of
Sections 409A and 424(a) of the Code. 

  
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 (b) The term of each Option shall be fixed by the Committee but shall not exceed 10 years from the
date of grant of such Option in the form of an Incentive Stock Option and 10 years plus two days from the date of grant of such Option in the form of a Non-Qualified Stock Option. 

(c) The Committee shall determine the time or times at which an Option may be exercised in whole or in part. 

(d) The Committee shall determine the method or methods by which, and the form or forms, including cash, Shares, other Awards, other property, net
settlement, broker assisted cashless exercise or any combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price, in which payment of the exercise price with respect thereto may be made or deemed to have
been made. 
 (e) Any Option intended to be treated as an Incentive Stock Option shall be designated as such under the terms of the applicable Award
Document. The terms of any such Incentive Stock Option shall comply in all respects with the provisions of Section 422 of the Code. 
 (f)
Subject to Section 12 and Section 13, in general, no portion of an Award of Options is intended to vest prior to the first anniversary of the vesting commencement date set forth in the Award Document; however, the Committee may provide for
shorter vesting if appropriate under the circumstances as determined by the Committee. Unless otherwise determined by the Committee, no dividends or dividend equivalents will be earned or paid on the Shares underlying any Options granted and
outstanding under the Plan. 
 Section 7. Stock Appreciation Rights. The Committee is authorized to grant SARs to Participants with
the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 

(a) SARs may be granted under the Plan to Participants either alone (“freestanding”) or in addition to other Awards granted under the Plan
(“tandem”) and may, but need not, relate to a specific Option granted under Section 6. 
 (b) The exercise price per Share under a SAR
shall be determined by the Committee; provided, however, that such exercise price shall not be less than the Fair Market Value of a Share on the date of grant of such SAR. Notwithstanding the foregoing, a SAR may be granted with an
exercise price lower than that set forth in the preceding sentence if such SAR is granted pursuant to an assumption or substitution for another SAR in a manner consistent with the provisions of Sections 409A and 424(a) of the Code. 

(c) The term of each SAR shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such SAR. 

(d) The Committee shall determine the time or times at which a SAR may be exercised or settled in whole or in part. 

(e) Subject to Section 12 and Section 13, in general, no portion of an Award of SARs is intended to vest prior to the first anniversary of the
vesting commencement date set forth in the Award Document; however, the Committee may provide for shorter vesting if appropriate under the circumstances as determined by the Committee. Unless otherwise determined by the Committee, no dividends or
dividend equivalents will be earned or paid on the Shares underlying any SARs granted and outstanding under the Plan. 
 Section 8.
Restricted Stock and RSUs. The Committee is authorized to grant Awards of Restricted Stock and RSUs to Participants with the following terms and conditions and with such additional terms and conditions, in either case not inconsistent
with the provisions of the Plan, as the Committee shall determine. 
 (a) Shares of Restricted Stock and RSUs shall be subject to such restrictions as
the Committee may impose (including any limitation on the right to receive any dividend, dividend equivalent or other right), which 

  
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restrictions may lapse separately or in combination at such time or times, in such installments or otherwise, as the Committee may deem appropriate; provided that, subject to
Section 12 and Section 13, in general, each Award of Restricted Stock and RSUs (other than Performance Awards) is intended to vest in whole or in part (including in installments) over a period of not less than three years from the vesting
commencement date set forth in the Award Document; however, the Committee may provide for shorter vesting if appropriate under the circumstances as determined by the Committee. 

(b) With respect to Shares of Restricted Stock, a Participant generally shall have the rights and privileges of a stockholder with respect thereto,
including the right to vote such Shares of Restricted Stock and the right to receive dividends or dividend equivalents. Without limiting the generality of the foregoing, if the Award relates to Shares on which dividends are declared during the
period that the Award is outstanding, such dividends or dividend equivalents shall be paid in cash on the vesting date of the Restricted Stock Award, subject to satisfaction of the vesting and other conditions of the underlying Award of Restricted
Stock, unless otherwise determined by the Committee. Any share of Restricted Stock may be evidenced in such manner as the Committee may deem appropriate, including book-entry registration. For the avoidance of doubt, unless otherwise determined by
the Committee, no dividends or dividend equivalent rights shall be provided with respect to any Shares of Restricted Stock that do not vest pursuant to their terms. 

(c) With respect to an RSU Award, each RSU covered by such Award shall represent a right to receive the value of one Share in cash, Shares or a
combination thereof. An RSU shall not convey to the Participant the rights and privileges of a stockholder with respect to the Share subject to the RSU, such as the right to vote or the right to receive dividends, unless and until a Share is issued
to the Participant to settle the RSU. Notwithstanding the foregoing, unless otherwise determined by the Committee in its sole discretion, RSU Awards shall convey the right to receive dividend equivalents on the Shares underlying the RSU Award with
respect to any dividends declared during the period that the RSU Award is outstanding. Such dividend equivalent rights shall accumulate and shall be paid in cash on the settlement date of the underlying RSU Award, subject to the satisfaction of the
vesting and other conditions of the underlying RSU Award, unless otherwise determined by the Committee. Shares delivered upon the vesting and settlement of an RSU Award may be evidenced in such manner as the Committee may deem appropriate, including
book-entry registration. For the avoidance of doubt, unless otherwise determined by the Committee, no dividend equivalent rights shall be provided with respect to any Shares subject to RSUs that do not vest or settle pursuant to their terms. 

Section 9. Performance Awards. The Committee is authorized to grant Performance Awards with the following terms and conditions and
with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine: 
 (a)
Performance Awards may be denominated as a cash amount, number of Shares or units or a combination thereof and are Awards which may be earned upon achievement or satisfaction of performance conditions specified by the Committee. In addition, the
Committee may specify that any other Award shall constitute a Performance Award by conditioning the grant or the right to exercise the Award or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions
as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions. Subject to the terms of the Plan, the performance goals to be
achieved during any Performance Period, the length of any Performance Period, the amount of any Performance Award granted and the amount of any payment or transfer to be made pursuant to any Performance Award shall be determined by the Committee;
provided that, subject to Section 12 and Section 13, in general, each Performance Award is intended to vest in whole or in part (including in installments) over a period of not less than three years from the vesting commencement
date set forth in the Award Document; however, the Committee may provide for shorter vesting if appropriate under the circumstances as determined by the Committee. 

  
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 (b) A Performance Award may be subject to a pre-established formula, such that payment, retention or
vesting of the Award is subject to the achievement during a Performance Period or Performance Periods, as determined by the Committee, of a level or levels of, or increases in, in each case as determined by the Committee, one or more performance
measures expressed on an absolute or adjusted basis with respect to the Company, including without limitation: asset turnover, cash flow, contribution margin, cost objectives, cost reduction, earnings before interest and taxes (EBIT), earnings
before interest, taxes, depreciation and amortization (EBITDA), earnings per share, economic value added, free cash flow, increase in customer base, inventory turnover, liquidity, market share, net income, net income margin, operating cash flow,
operating profit, operating profit margin, pre-tax income, productivity, profit margin, quality (internal or external measures), return on assets, return on net assets, return on capital, return on invested capital, return on equity, revenue,
revenue growth, stockholder value, stock price, total shareholder return, warranty experience, and/or any other objective or subjective measures determined by the Committee in its sole discretion. 

(c) Each performance criterion may be measured on an absolute (e.g., plan or budget) or relative basis. Relative performance may be measured
against a group of peer companies, a financial market index or other acceptable objective and quantifiable indices which the Committee selects. With respect to the applicable Performance Period, if the Committee determines that a change in the
business, operations, corporate structure or capital structure of the Company, or the manner in which it conducts its business, or other events or circumstances render the applicable performance measures unsuitable, the Committee may in its
discretion modify such performance objectives or the related minimum acceptable level of achievement, in whole or part, as the Committee deems appropriate and equitable. Performance measures may vary from Performance Award to Performance Award,
respectively, and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative. 
 (d) Settlement
of Performance Awards shall be in cash, Shares, other Awards, or any combination thereof, in the sole discretion of the Committee. The Committee may increase or reduce the amount of a settlement otherwise to be made in connection with a Performance
Award. 
 (e) A Performance Award shall not convey to the Participant the rights and privileges of a stockholder with respect to the Shares subject to
the Performance Award, such as the right to vote (except as relates to Restricted Stock) or the right to receive dividends, unless and until Shares are earned pursuant to the Performance Award and are issued to the Participant. Notwithstanding the
foregoing, unless otherwise determined by the Committee in its sole discretion, each Performance Award shall convey the right to receive dividend equivalents with respect to any dividends declared during the period that the Performance Award is
outstanding, but solely with respect to those Shares underlying the Performance Awards that are earned. Such dividend equivalents rights shall accumulate and shall be paid in cash on the settlement date of the underlying Performance Award, subject
to the satisfaction of the performance, vesting and other conditions of the underlying Performance Award, unless otherwise determined by the Committee. For the avoidance of doubt, unless otherwise determined by the Committee, no dividend equivalent
rights shall be provided with respect to any Shares subject to a Performance Award that are not earned or do not vest pursuant to the terms of the Performance Award. 

Section 10. Other Stock-Based Awards. The Committee is authorized, subject to limitations under applicable law, to grant to
Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares or factors that may influence the value of Shares, including convertible or exchangeable
debt securities, other rights convertible or exchangeable into Shares, purchase rights for Shares, Awards with value and payment contingent upon performance of the Company or business units thereof or any other factors designated by the Committee.
For the avoidance of doubt, unless otherwise determined by the Committee, no dividend equivalent rights shall be provided with respect to any Shares subject to an Award that are not earned or do not vest pursuant to the terms of the Award. 

  
 9 

 Section 11. Conditions Precedent to Awards. As a condition precedent to the
vesting, exercise, payment or settlement of any portion of any Award at any time prior to a Change in Control, each Participant shall: (a) refrain from engaging in any activity which will cause damage to the Company or is in any manner inimical
or in any way contrary to the best interests of the Company, as determined in the sole discretion of the Company’s Chief Executive Officer or chief human resources officer (or such individuals holding a comparable role in the event of a
restructuring of positions or re-designation of titles), (b) not for a period of 12 months following any voluntary termination of employment or service, directly or indirectly, knowingly induce any employee of the Company or any Subsidiary to
leave his or her employment for participation, directly or indirectly, with any existing or future employer or business venture associated with such Participant, and (c) furnish to the Company such information with respect to the satisfaction
of the foregoing conditions precedent as the Committee may reasonably request. In addition, the Committee may require a Participant to enter into such agreements as the Committee considers appropriate. The failure by any Participant to satisfy any
of the foregoing conditions precedent shall result in the immediate cancellation of the unvested portion of any Award and any portion of any vested Award that has not yet been exercised, paid or settled and such Participant will not be entitled to
receive any consideration with respect to such cancellation. 
 Section 12. Effect of Termination of Service on Awards. Subject to
Sections 11 and 13, and unless otherwise provided by the Committee in any Award Document, or as the Committee may determine in any individual case, the following shall apply with respect to a Participant’s outstanding Awards upon such
Participant’s Termination of Service. 
 (a) Death. In the event of a Participant’s Termination of Service due to death: 

(i) Each Option and SAR held by the Participant shall immediately vest (to the extent not vested) and become exercisable and shall remain
exercisable until the third anniversary of the date of death or, if earlier, the expiration date of such Option or SAR. 
 (ii) Each
Restricted Stock and RSU Award held by the Participant shall immediately vest. Any RSU that vests pursuant to the preceding sentence shall be settled within 90 days following the Participant’s death. 

(iii) Each outstanding Performance Award held by the Participant (A) shall have any service-based vesting requirements waived,
(B) shall be earned based upon the achievement of the performance conditions applicable to such Award, and (C) shall be paid or settled on the scheduled settlement date or dates as provided under the terms of the applicable Award Document.

 (b) Disability. In the event of a Participant’s Termination of Service due to Disability: 

(i) Each Option and SAR held by the Participant shall continue to vest and become exercisable in accordance with its existing vesting
schedule and shall remain exercisable until the expiration date of such Option or SAR. 
 (ii) Each Restricted Stock and RSU Award held
by the Participant shall continue to vest in accordance with its existing vesting schedule. Each RSU that vests pursuant to the preceding sentence shall be settled on the scheduled settlement date or dates as provided under the terms of the
applicable Award Document. 
 (iii) Each outstanding Performance Award held by the Participant (A) shall have any service-based
vesting requirements waived, (B) shall be earned based upon the achievement of the performance conditions applicable to such Award and (C) shall be paid or settled on the scheduled settlement date or dates as provided under the terms of
the applicable Award Document. 
 (c) Full Career Status Termination. In the event of a Participant’s Termination of Service after
achieving Full Career Status: 
 (i) With respect to each outstanding Option and SAR held by the Participant: 

  
 10 

 (A) If such Termination of Service occurs on or prior to the one-year anniversary of
the grant date of the Award (or if earlier, the one-year anniversary of the vesting commencement date as set forth in the Award Document), such Award shall be prorated (as set forth in the Award Document) and the pro-rata portion of the Award that
is retained shall continue to vest in accordance with its existing vesting schedule, with the remaining portion of the Award being forfeited. Options and SARs that vest pursuant to this Section 12(c)(i)(A) shall become exercisable and remain
exercisable until the expiration date of such Option or SAR as provided under the terms of the applicable Award Document. 
 (B) If
such Termination of Service occurs after the one-year anniversary of the grant date of such Award (or if earlier, the one-year anniversary of the vesting commencement date as set forth in the Award Document), such Award shall continue to vest in
accordance with its existing vesting schedule. Options and SARs that vest pursuant to this Section 12(c)(i)(B) shall become exercisable and remain exercisable until the expiration date of such Option or SAR as provided under the terms of the
applicable Award Document. 
 (ii) With respect to each outstanding Restricted Stock or RSU Award held by the Participant: 

(A) If such Termination of Service occurs on or prior to the one-year anniversary of the grant date of the Award (or if earlier, the
one-year anniversary of the vesting commencement date as set forth in the Award Document), such Award shall be prorated (as set forth in the Award Document) and the pro-rata portion of the Award that is retained shall continue to vest in accordance
with its existing vesting schedule, with the remaining portion of the Award being forfeited. RSUs that vest pursuant to this Section 12(c)(ii)(A) shall be settled on the scheduled settlement date or dates as provided under the terms of the
applicable Award Document. 
 (B) If such Termination of Service occurs after the one-year anniversary of the grant date of such Award
(or if earlier, the one-year anniversary of the vesting commencement date as set forth in the Award Document), such Award shall continue to vest in accordance with its existing vesting schedule. RSUs that vest pursuant to this
Section 12(c)(ii)(B) shall be settled on the scheduled settlement date or dates as provided under the terms of the applicable Award Document. 

(iii) With respect to each outstanding Performance Award held by the Participant: 

(A) If such Termination of Service occurs within the first year of the Performance Period, (x) the Performance Award shall be
prorated (as set forth in the Award Document) and the pro-rata portion of the Performance Award that is retained shall have any service-based vesting requirements waived, (y) the pro-rata portion of the Performance Award that is retained shall
be earned based upon the achievement of the performance conditions applicable to such Award, and (z) the Performance Award shall be paid or settled on the scheduled settlement date or dates as provided under the terms of the applicable Award
Document. 
 (B) If such Termination of Service occurs after the first year of the Performance Period, the Performance Award
(x) shall have any service-based vesting requirements waived, (y) shall be earned based upon the achievement of the performance conditions applicable to such Award, and (z) shall be paid or settled on the scheduled settlement date or
dates as provided under the terms of the applicable Award Document. 
 (d) Other Terminations. In the event of a Participant’s Termination
of Service for any reason not specified in this Section 12, the Participant shall not be entitled to retain any portion of an Award; provided that any Option or SAR that is vested on the date of the Termination of Service shall remain
outstanding and exercisable until the earlier of (i) the applicable expiration date of such Option or SAR or (ii) 90 days after the Termination of Service. 

  
 11 

 (e) Termination Pursuant to Approved Separation Agreement or Program. Notwithstanding the above
provisions, in the event of a Participant’s Termination of Service pursuant to an approved separation agreement or program, such Participant will not be entitled to retain any portion of an Award; provided that any Option or SAR that is
vested on the date of the Termination of Service shall remain outstanding and exercisable until the earlier of (i) the applicable expiration date of such Option or SAR or (ii) 90 days after the Termination of Service. 

(f) Alternative Treatment. Notwithstanding the foregoing, the Committee may provide for any alternative treatment of outstanding Awards, and the
circumstances in which, and the extent to which, any such Awards may be exercised, settled, vested, paid or forfeited in the event of a Participant’s Termination of Service prior to the end of a Performance Period or the exercise, vesting or
settlement of such Award, either in an Award Document or, subject to Section 15, by Committee action after the grant of an Award. Unless otherwise provided in an Award Document or otherwise determined by the Committee, a qualifying leave of
absence shall not constitute a Termination of Service. A Participant’s absence or leave shall be deemed to be a qualifying leave of absence if so provided under the Company’s employee policies or if approved by the Company’s chief
human resources officer (or such individual holding a comparable role in the event of a restructuring of positions or redesignation of titles). 

Section 13. Effect of a Change in Control on Awards. 

(a) In the event of a Change in Control, unless otherwise provided in an Award Document, outstanding Options and SARs shall be treated as described in
subsection (i) below, outstanding Restricted Stock and RSUs shall be treated as described in subsection (ii) below and outstanding Performance Awards shall be treated as described in subsection (iii) below. 

(i) (A) If in connection with the Change in Control, any outstanding Option or SAR is continued in effect or converted into an
option to purchase or right with respect to stock of the successor or surviving corporation (or a parent or subsidiary thereof) which conversion shall comply with Sections 424 (to the extent applicable) and 409A of the Code, then upon the occurrence
of a Termination of Service of a Participant by the Company without Cause or a Termination of Service by such Participant for Good Reason within 24 months following the Change in Control, such Option(s) or SAR(s) held by such Participant shall vest
and become exercisable and shall remain exercisable until the earlier of the expiration of its full specified term or the first anniversary of such Termination of Service. 

      (B) If outstanding Options or SARs are not continued or converted as described in subsection (i)(A)
above, such Options or SARs shall vest and become fully exercisable effective immediately prior to the Change in Control (in a manner facilitating full exercise, including cashless exercise by Participants subject to the Change in Control) and any
Options or SARs not exercised prior to the Change in Control shall be cancelled without consideration effective as of the Change in Control. 

(ii) (A) If in connection with the Change in Control, any outstanding Restricted Stock or RSU is continued in effect or converted
into a restricted stock or unit representing an interest in stock of the successor or surviving corporation (or a parent or subsidiary thereof) on a basis substantially equivalent to the consideration received by stockholders of the Company in
connection with the Change in Control, then upon the occurrence of a Termination of Service of a Participant by the Company without Cause or a Termination of Service by such Participant for Good Reason within 24 months following the Change in
Control, such restricted stock or unit(s) held by such Participant shall vest and, in the case of units, be immediately due and payable. 

      (B) If outstanding Restricted Stock or RSUs are not continued or converted as described in subsection
(ii)(A) above, such Restricted Stock or RSUs shall vest and, in the case of RSUs, be due and payable effective immediately prior to the Change in Control. 

  
 12 

 (iii) With respect to each outstanding Performance Award, (A) the Performance
Period shall end as of the date immediately prior to such Change in Control and the Committee shall determine the extent to which the performance criteria applicable to such Performance Award have been satisfied at such time, (B) the portion of
such Performance Award that is deemed to have been earned pursuant to clause (A) above shall be converted into a time-vesting Award of equivalent value to which any service vesting requirements applicable to the predecessor Performance Award
shall continue to apply and (C) the converted time-vesting Award shall be paid or settled on the settlement date or dates as provided under the terms of the predecessor Performance Award that would have applied had a Change in Control not
occurred; provided that upon the occurrence of a Termination of Service of a Participant by the Company without Cause or a Termination of Service by such Participant for Good Reason within 24 months following the Change in Control, any
service vesting requirements applicable to any such converted Award shall be deemed to have been met and such converted Award shall be immediately paid or settled upon such Termination of Service. 

For purposes of subsections (i) and (ii) above, no Option, SAR, Restricted Stock or RSU (including Performance Awards denominated in any of
the foregoing forms) shall be treated as “continued or converted” on a basis consistent with the requirements of subsection (i)(A) or (ii)(A), as applicable, unless the stock underlying such award after such continuation or conversion
consists of securities of a class that is widely held and publicly traded on a U.S. national securities exchange. 
 (b) In addition, in the event of
a Change in Control and to the extent not less favorable to a Participant than the provisions of Section 13(a) above or the applicable Award Document, the Committee, and on such terms and conditions as it deems appropriate, either by the terms
of the Award or by action taken prior to the occurrence of such Change in Control, may take any one or more of the following actions whenever the Committee determines that such action is appropriate or desirable in order to prevent the dilution or
enlargement of the benefits intended to be made available under the Plan or to facilitate the Change in Control transaction: 
 (i) to
terminate or cancel any outstanding Award in exchange for a cash payment (and, for the avoidance of doubt, if as of the date of the Change in Control, the Committee determines that no amount would have been realized upon the exercise of the Award or
other realization of the Participant’s rights, then the Award may be cancelled by the Company without payment of consideration); 

(ii) to provide for the assumption, substitution, replacement or continuation of any Award by the successor or surviving corporation (or
a parent or subsidiary thereof) with cash, securities, rights or other property to be paid or issued, as the case may be, by the successor or surviving corporation (or a parent or subsidiary thereof), and to provide for appropriate adjustments with
respect to the number and type of securities (or other consideration) of the successor or surviving corporation (or a parent or subsidiary thereof), subject to any replacement awards, the terms and conditions of the replacement awards (including,
without limitation, any applicable performance targets or criteria with respect thereto) and the grant, exercise or purchase price per share for the replacement awards; 

(iii) to make any other adjustments in the number and type of securities (or other consideration) subject to outstanding Awards and in
the terms and conditions of outstanding Awards (including the grant or exercise price and performance criteria with respect thereto) and Awards that may be granted in the future; and 

(iv) to provide that any Award shall be accelerated and become exercisable, payable and/or fully vested with respect to all Shares
covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Award Document. 
 Section 14. General
Provisions Applicable to Awards. 
 (a) Awards shall be granted for no cash consideration or for such minimal cash consideration as may be required
by applicable law. 

  
 13 

 (b) Awards may, in the discretion of the Committee, be granted either alone or in addition to or in
tandem with any other Award or any award granted under any other plan of the Company. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under any other plan of the Company, may be
granted either at the same time as or at a different time from the grant of such other Awards or awards. 
 (c) Subject to the terms of the Plan,
payments or transfers to be made by the Company upon the grant, exercise or settlement of an Award may be made in the form of cash, Shares, other Awards, other property, net settlement, or any combination thereof, as determined by the Committee in
its discretion, and may be made in a single payment or transfer, in installments or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such rules and procedures may include provisions for the
payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of dividend equivalents in respect of installment or deferred payments. 

(d) Except pursuant to Section 14(f) or the laws of descent, no Award and no right under any Award may be voluntarily or involuntarily assigned,
alienated, sold or transferred, including as between spouses or pursuant to a domestic relations order in connection with dissolution of marriage, or by operation of law. An Award, and any rights under an Award, shall be exercisable only by the
Participant during the Participant’s lifetime unless a court of competent jurisdiction determines that the Participant lacks the capacity to handle his or her own affairs, in which case an Award or any rights under an Award may be exercised by
the person to whom such court has expressly granted authority to exercise such Award or the rights under such Award on the Participant’s behalf. After the Participant’s lifetime, an Award and any rights under an Award shall be exercisable
only by the designated Beneficiary, by the person who obtains an interest pursuant to laws of descent or by the Participant’s estate. In the event a person who so obtains an interest in an Award is determined by a court of competent
jurisdiction to lack the capacity to handle his or her own affairs, an Award or any rights under an Award may be exercised by the person to whom such court has expressly granted authority to exercise such Award or the rights under such Award on the
person’s behalf. The Plan shall not recognize any grant of authority to exercise an Award or any rights under an Award except as set forth in this Section 14(d). The provisions of this Section 14(d) shall not apply to any Award that
has been fully exercised or settled, as the case may be, and shall not preclude forfeiture of an Award in accordance with the terms thereof or of the Plan. 

(e) Notwithstanding any other provision of the Plan, the Committee may determine at any time and in its sole discretion to delay any amounts payable
with respect to any Award, provided that such Award is payable no later than December 31 of the year following the end of the applicable Performance Period. 

(f) A Participant may designate a Beneficiary or change a previous Beneficiary designation at such times prescribed by the Committee by using forms and
following procedures approved or accepted by the Committee for that purpose. 
 (g) Any Awards granted under the Plan (including any amounts or
benefits arising from such Awards) shall be subject to any clawback or recoupment policies the Company has in place from time to time. 
 (h) Subject
to the requirements of Section 409A of the Code, if the Company or any Subsidiary has any unpaid claim against a Participant arising out of or in connection with the Participant’s employment or service with the Company or any Subsidiary,
prior to settlement of an Award, such claim may be offset against Awards under this Plan (up to $5,000 per year) and at the time of vesting or settlement of any Award, such claim may be offset in total. Such claims may include, but are not limited
to, unpaid taxes or corporate business credit card charges. 
 Section 15. Amendments and Termination. 

(a) Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Document or in the Plan, the Board may amend,
alter, suspend, discontinue or terminate the Plan or any portion 

  
 14 

 
thereof at any time; provided, however, that no such amendment, alteration, suspension, discontinuation or termination shall be made without (i) stockholder approval if such approval
is required by applicable law or the rules of the stock market or exchange, if any, on which the Shares are principally quoted or traded, or (ii) the consent of the affected Participant, if such action would materially adversely affect the
rights of such Participant under any outstanding Award, except (A) to the extent any such amendment, alteration, suspension, discontinuance or termination is made to cause the Plan to comply with applicable law, stock market or exchange rules
and regulations or accounting or tax rules and regulations, (B) to impose any clawback or recoupment provisions with respect to any Awards (including any amounts or benefits arising from such Awards) adopted by the Company from time to time, or
(C) as the Board determines in good faith to be in the best interests of the Participants affected thereby. Notwithstanding anything to the contrary in the Plan, the Committee may amend the Plan, or create sub-plans, in such manner as may be
necessary to enable the Plan to achieve its stated purposes in any jurisdiction in a tax-efficient manner and in compliance with local rules and regulations to the extent that such action would not require shareholder approval. The Committee may
correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan into effect. 

(b) The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue or terminate any provision of the
Plan or any Award theretofore granted, prospectively or retroactively, without the consent of any relevant Participant or holder or Beneficiary of an Award; provided, however, that no such action shall materially adversely affect the rights
of any affected Participant or holder or Beneficiary under any Award theretofore granted under the Plan, except (i) to the extent any such action is made to cause the Plan to comply with applicable law, stock market or exchange rules and
regulations or accounting or tax rules and regulations, (ii) to impose any clawback or recoupment provisions with respect to any Awards (including any amounts or benefits arising from such Awards) adopted by the Company from time to time, or
(iii) as the Committee determines in good faith to be in the best interests of the Participants affected thereby. 
 (c) The Committee may
specify in an Award Document that the Participant’s rights, payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to the
conditions set forth in Section 11 and any otherwise applicable vesting or performance conditions of an Award. Such events may include (without limitation) a Termination of Service with or without Cause (and, in the case of any Cause that is
resulting from an indictment or other non-final determination, the Committee may provide for such Award to be held in escrow or abeyance until a final resolution of the matters related to such event occurs, at which time the Award shall either be
reduced, cancelled or forfeited (as provided in such Award Document) or remain in effect, depending on the outcome), violation of material policies, breach of noncompetition, confidentiality or other restrictive covenants that may apply to the
Participant, or other conduct by the Participant that is determined in the sole discretion of the Committee to be detrimental to the business or reputation of the Company and/or its Subsidiaries. 

(d) Notwithstanding the foregoing, except as provided in Section 5(c) or in connection with a Change in Control, without approval of the
Company’s stockholders, (i) no action shall directly or indirectly, through cancellation and regrant, through voluntary surrender and regrant, or any other method, reduce, or have the effect of reducing, the exercise price of any Option or
SAR established at the time of grant thereof, and (ii) no Option or SAR may be cancelled in exchange for cash or other securities at any time when the exercise price for such Option or SAR is greater than the Fair Market Value of the Shares
underlying such Option or SAR. 
 Section 16. Miscellaneous. 

(a) No employee, consultant, advisor, Participant or other person shall have any claim to be granted any Award under the Plan, and there is no obligation
for uniformity of treatment of employees, consultants, advisors, Participants or holders or Beneficiaries of Awards under the Plan. The terms and conditions of Awards need not 

  
 15 

 
be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Committee maintains the right to
make available future grants under the Plan. 
 (b) The grant of an Award shall not be construed as giving a Participant the right to be retained in
the employ of, or to continue to provide services to, the Company or any Subsidiary. Further, the Company or the applicable Subsidiary may at any time dismiss a Participant free from any liability or any claim under the Plan, unless otherwise
expressly provided in the Plan or in any Award Document or in any other agreement binding the parties. The receipt of any Award under the Plan is not intended to confer any rights on the receiving Participant except as set forth in the applicable
Award Document. 
 (c) Nothing contained in the Plan shall prevent the Committee or the Company from adopting or continuing in effect other or
additional compensation arrangements (including Share-based arrangements), and such arrangements may be either generally applicable or applicable only in specific cases. 

(d) The Company (or any Subsidiary) shall be authorized to withhold from any Award granted or any payment due or transfer made under any Award or under
the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other Awards, other property, net settlement, or any combination thereof) of applicable withholding taxes due in respect of an Award, its exercise
or settlement or any payment or transfer under such Award or under the Plan and to take such other action (including providing for elective payment of such amounts in cash or Shares by the Participant) as may be necessary in the opinion of the
Company (or the Subsidiary) to satisfy all obligations for the payment of such taxes. 
 (e) If any provision of the Plan or any Award Document is or
becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction, or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed
amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the sole determination of the Committee, materially altering the intent of the Plan or the Award Document, such provision shall be stricken as to
such jurisdiction, person or Award, and the remainder of the Plan and any such Award Document shall remain in full force and effect. 
 (f) Neither
the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a Participant or any other person. To the extent that any person acquires a right to receive
payments from the Company pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (g)
No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash or other securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares
or any rights thereto shall be cancelled, terminated or otherwise eliminated. 
 (h) Awards may be granted to Participants who are non-United States
nationals or employed or providing services outside the United States, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or providing services in the United States as may, in the
judgment of the Committee, be necessary or desirable to recognize differences in local law, tax policy or custom. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize the Company’s obligation with
respect to tax equalization for Participants on assignments outside their home country. 
 (i) Neither the establishment of the Plan, nor any Award
under the Plan, nor an individual’s participation in the Plan, is intended to form part of a Participant’s remuneration for the purposes of determining payments in lieu of notice of termination of employment, severance payments, leave
entitlements, or any other compensation payable to a Participant, and no Award, payment, or other right or benefit, under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit-sharing, group
insurance, welfare or benefit plan of the Company or any Subsidiary. 

  
 16 

 Section 17. Effective Date of the Plan. The Plan shall be effective as of the
Effective Date, subject to stockholder approval. 
 Section 18. Term of the Plan. No Award shall be granted under the Plan after
the earliest to occur of (a) the tenth anniversary of the Effective Date, (b) the maximum number of Shares available for issuance under the Plan have been issued, or (c) the Board terminates the Plan in accordance with
Section 15(a). However, unless otherwise expressly provided in the Plan or in an applicable Award Document, any Award theretofore granted may extend beyond such date, and the authority of the Committee to amend, alter, adjust, suspend,
discontinue or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such date. 

Section 19. Section 409A of the Code. With respect to Awards subject to Section 409A of the Code, the Plan is intended to
comply with the requirements of Section 409A of the Code, and the provisions of the Plan and any Award Document shall be interpreted in a manner that satisfies the requirements of Section 409A of the Code, and the Plan shall be operated
accordingly. If any provision of the Plan or any term or condition of any Award would otherwise frustrate or conflict with this intent, the provision, term or condition will be interpreted and, to the extent necessary, deemed amended so as to avoid
this conflict. If an amount payable under an Award as a result of the Participant’s Termination of Service (other than due to death) occurring while the Participant is a “specified employee” under Section 409A of the Code
constitutes a deferral of compensation subject to Section 409A of the Code, then payment of such amount shall not occur until six months and one day after the date of the Participant’s Termination of Service, except as permitted under
Section 409A of the Code. To the extent any amount that is “nonqualified deferred compensation” for purposes of Section 409A of the Code becomes payable upon a Termination of Service, such Termination of Service shall not be
deemed to have occurred any earlier than a “separation from service” would occur under Section 409A of the Code, and related regulations and guidance thereunder. Notwithstanding any of the foregoing, the Company makes no
representations or warranty and shall have no liability to the Participant or any other person if any provisions or payments, compensation or other benefits under the Plan are determined to constitute nonqualified deferred compensation subject to
Section 409A of the Code but do not satisfy the provisions thereof. 
 Section 20. Data Protection. By participating in the
Plan, the Participant consents to the holding and processing of personal information provided by the Participant to the Company or any Subsidiary, trustee or third party service provider, for all purposes relating to the operation of the Plan. These
include, but are not limited to: 
 (a) administering and maintaining Participant records; 

(b) providing information to the Company, Subsidiaries, trustees of any employee benefit trust, registrars, brokers or third party administrators of the
Plan; 
 (c) providing information to future purchasers or merger partners of the Company or any Subsidiary, or the business in which the Participant
works; and 
 (d) transferring information about the Participant to any country or territory that may not provide the same protection for the
information as the Participant’s home country. 
 Section 21. Governing Law and Consent to Jurisdiction/Venue. The Plan and
the Award Documents shall be exclusively construed and interpreted according to the laws of the State of Delaware, without application of its conflict of law provisions. The Company and each Participant also irrevocably consent to the exclusive
personal jurisdiction and venue of the Chancery Court of the State of Delaware and the United States District Court for the District of Delaware for any action, claim or dispute arising out of or relating to the Plan and Award Documents. 

  
 17Exhibit
10.1

 

NON-RECOURSE
FACTORING AND SECURITY AGREEMENT

 

This
NON-RECOURSE FACTORING AGREEMENT (the “Agreement”) effective this 11th day of June, 2020 (the “Effective
Date”) between Sysorex, Inc., a Nevada corporation, and Sysorex Government Services, Inc., a Virginia corporation, both
having their place of business at 13880 Dulles Corner Lane, Suite 175, Herndon, VA 20171 (hereinafter “Seller”), and
SouthStar Financial, LLC, its affiliates, successors and/or assigns, as their interests may appear, having its place of business
at 840 Lowcountry Blvd., Mount Pleasant, SC 29464 (hereinafter “Purchaser” and collectively with the Seller, the “Parties”
or singularly a “Party”).

 

As
evidenced by the Parties’ signatures below, and in consideration of the obligations as set forth in this Agreement and for
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

1.
PURCHASE OF ACCOUNTS. From time to time, Seller may tender to Purchaser some or all of its Accounts which are defined
as Seller’s right to payment or “Payment Intangible”, whether or not earned by performance: (i) for property
that has been or is to be sold, leased, licensed, assigned or otherwise disposed of; (ii) for services rendered or to be rendered;
or (iii) as otherwise defined in the UCC. All of Seller’s said Accounts, irrespective of whether same are purchased by Purchaser
are herein called “Account(s),” Purchaser is not obligated to purchase any Account tendered and shall have the right
to purchase such Accounts tendered as Purchaser, in its sole and absolute discretion, shall determine. Purchaser will evidence
its agreement to purchase specific Accounts(s) tendered by issuance of its check or wire transfer to Seller in the amount set
forth in the Paragraph entitled “PAYMENT FOR ACCOUNTS.” Purchaser may also issue a Grouped Schedule of Accounts upon
which Purchaser, in its sole and absolute discretion, shall have the right to group said Accounts tendered. Said Accounts and/or
grouped accounts, which are purchased, are hereinafter collectively called “Purchased Account(s).”

 

2.
PAYMENT TO SELLER FOR ACCOUNTS. Upon acceptance of an Account for purchase, Purchaser will pay to Seller, as the Purchase
Price for the Purchased Accounts, an amount up to eighty-five percent (85%) of the face amount thereof, or such lesser percentage
as Purchaser and Seller shall agree upon (the “Purchase Price”). Seller shall deliver the original invoices relating
to Purchased Accounts to Purchaser at such time, and such Purchased Accounts shall be deemed sold and assigned to Purchaser at
such time without any formal or additional assignments being required.

 

3.
CHARGES & REPAYMENT. In consideration of the purchase of said Purchased Account(s), and in further consideration
of Purchaser purchasing the Purchased Account(s), Seller agrees to pay Purchaser an amount equal to zero and 80/100 percent (0.80%)
of the face amount thereof for the first ten (10) day period after payment for such Account is transmitted to Purchaser plus zero
and 90/100 percent (0.90%) for each additional ten (10) day period or part thereof, calculated from the date of purchase until
payments received by Purchaser in collected funds on said Purchase Account(s) equals the Purchase Price of the Purchased Account(s)
plus all Charges due Purchaser from Seller at the time. An additional one and 00/100 percent (1.00%) per ten (10) day period will
be charged for Invoices exceeding sixty (60) days from invoice date.

    1

     

    

  

The
Seller may require additional funding in order to fund its ordinary and necessary business expenses (“Overadvance”),
and the Purchaser may agree to provide the Overadvance in its sole discretion. In the event of an Overadvance, Seller agrees to
pay Purchaser an amount equal to one and 60/100 percent (1.60%) of the amount of the Overadvance for the first ten (10) day period
after the Overadvance is transmitted to Purchaser plus one and 90/100 percent (1.90%) for each additional ten (10) day period
or part thereof until payments received by Purchaser in collected funds equals the amount of the Overadvance, plus all Charges
due Purchaser from Seller at the time. Under this Paragraph 3, funds are considered “collected funds” three
(3) business days after receipt by Purchaser assuming same is in fact collected.

 

Seller
further agrees in consideration for the Purchased Accounts that Seller will pay a transactional administrative fee in the amount
of Fifty and 00/100 Dollars ($50) for each new Account Debtor submitted and an amount equal to zero and 25/100 percent (0.25%)
of the face amount thereof that includes any handling, collecting, mailing, quality assuring, insuring the risk, transmitting,
and performing certain data processing services with respect to the maintenance and servicing of the Purchased Accounts. All amounts
payable by Seller to Purchaser pursuant to this Paragraph 3 are collectively referred to as “Charges.” The
calculation by Purchaser of all Charges pursuant to this Paragraph 3 shall be deemed proper and accepted by Seller, and
Seller agrees to waive and forfeit any claim that the Charges are incorrect, unless Seller contests in writing the Charges within
thirty

(30)
days following the end of the month when such Charge is calculated. Seller further acknowledges and agrees that the Charges set
forth in this Paragraph 3, and all other fees and obligations payable by the Seller under this Agreement are valid and
reasonable.

 

In
order to recoup any unpaid Charges, collect payments misdirected to Seller by account debtors, or otherwise secure Seller’s
obligations to the Purchaser, Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system
to any deposit account of Seller, and Seller agrees to execute any ACH forms required by any financial institution in order to
effectuate an ACH. The Seller agrees to be bound by the ACH rules set forth by the National Automated Clearing House Association
(“NACHA”).

 

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4.
PAYMENT TO SELLER UPON COLLECTION. Provided Seller is not and has not been in default to Purchaser under this Agreement,
Purchase Money Financing Addendum, any other addendum to this Agreement or other financial or leasing accommodation between the
Parties or affiliates of the Parties, upon Purchaser’s receipt of payment(s) on Purchased Accounts, Purchaser shall transfer
to Seller on the Friday of the week following the receipt of payment(s) from the Account Debtor an amount equal to the difference
between the amount of aggregate receipt of payments on the Accounts, less the sum of (a) the aggregate Purchase Price of such
Purchased Accounts, (b) all Charges or other amounts or accruals then due Purchaser from Seller under this Agreement, and (c)
any reserves Purchaser elects to establish to secure payment of any other Purchased Accounts. The amount to be remitted to the
Seller pursuant to this Paragraph 4 shall be deemed proper and accepted by Seller, and Seller agrees to waive and forfeit
any claim that the amount of remittance is incorrect, unless Seller contests in writing the remittance amount within thirty (30)
days following the end of the month when such Charge remittance is calculated.

 

5.
RESERVE ACCOUNT. If the Purchaser believes in good faith that: (i) the credit risk of any Accounts are subject to a
material change; (ii) any Account or Account Debtor will violate the Purchaser’s underwriting standards; (iii) the Seller’s
financial position has deteriorated; (iv) an increased risk exists that Seller will default on any obligation whether under this
Agreement, Purchase Order Financing Addendum, any other addendum, or any other agreement to provide financial accommodations or
lease between the Seller and Purchaser or their affiliates (collectively, “Factoring Documents”); (v) a legal or indemnity
risk exists related to the Factoring Documents that may require Purchaser to fund legal expenses and costs; or (vi) the Seller
is in default of this Agreement, Purchase Money Financing Addendum, any other addendum, or any other agreement to provide financial
accommodations or lease between the Seller and Purchaser or their affiliates, the Purchaser in its sole discretion may reduce
the discount percentage set forth in Paragraph 3, not make future purchases of Accounts, and/or establish a reserve account
and holdback from payments due to the Seller under Paragraph 4 in order to provide adequate security (the “Reserve
Account”).

 

6.
PURCHASER’S RIGHT. At any time after purchase of the Account, Purchaser shall have the right to notify the “Account
Debtor”—the person obligated to pay an Account—of Purchaser’s rights with respect to the Account and to
notify Account Debtor to make payment of the Account directly to Purchaser. Seller agrees that Purchaser may charge an administrative
fee of 5% of the invoice amount for any Purchased Account payments received by Seller, hereinafter “misdirected payments,”
at Purchaser’s sole discretion. Purchase and Seller agree that if Seller receives a misdirected payment, Seller may notify
Purchaser and remit the misdirected payment to Purchaser within forty-eight (48) hours without penalty. If Seller shall be in
Default (as hereafter defined) to Purchaser hereunder, Purchaser shall also have the right in its name to compromise or extend
the time for payment of any Account for such amounts, and upon such terms as Purchaser may determine; to demand, collect, receive
and sue for any and all amounts due or to become due on the Accounts, and to take control of cash and other proceeds of any Accounts.
Seller hereby irrevocably authorizes any officer of Purchaser designated by Purchaser to act for Seller; to endorse Seller’s
name upon notes, acceptance, checks, drafts, money orders other evidence of payment or collateral that may come into Purchaser’s
possession; to sign Seller’s name on any invoice, freight bill, bill of lading storage or warehouse receipt, or other instrument
or document in respect to any Account; to sign Seller’s name on notices to Account Debtors; to send notices and verifications
of Accounts to and collect Accounts from Account Debtors, and to open Seller’s mail and take and endorse payment for Accounts.
Seller shall in all other ways do all acts and things necessary or appropriate to protect, preserve and realize upon the Accounts
for the benefit of Purchaser and to carry out this Agreement and shall not interfere, directly or indirectly, with any of the
rights given Purchaser in this Paragraph. Seller hereby ratifies and approves all acts of Purchaser’s designated officer,
and such officer shall not be liable for any acts of omission or commission, nor for any error of judgment or mistake of fact
or law, except in the case of fraud or willful misconduct. The powers granted in this Paragraph are coupled with an interest and
are irrevocable while any Purchased Accounts are unpaid or sums are otherwise owed by Seller to Purchaser and until this agreement
is terminated.

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7.
REPRESENTATIONS, WARRANTIES & COVENANTS. To induce Purchaser to Purchase Accounts from Seller, with full knowledge
that the truth and accuracy of the following are being relied upon by the Purchaser in the purchase of and payment for the Purchased
Accounts, Seller represents, warrants and covenants to Purchaser and agrees that: (a) Seller is the sole and absolute owner of
each Account and has full legal right to make said sale, assignment and transfer thereof hereunder; (b) The correct amount owed
on each Account is as set forth on the document tendering such Account to Purchaser and such amount is not in dispute; (c) The
payment of each Account is not contingent upon the fulfillment of any obligation or condition, past or future, and any and all
obligations required of the Seller with regard to such Account have been fulfilled by Seller; (d) Each Account is based on an
actual sale and delivery of goods and/or services actually rendered for which an invoice has been tendered to the Account Debtor,
is presently due and owing to Seller, is not past due or in default , has not been previously sold, assigned, transferred or pledged,
and is free of any encumbrance or lien; (e) There are no defenses, offset, recoupment’s, or counterclaims with respect to
any of the Accounts and no agreement has been made under which the Account Debtor may claim any recoupment, deduction or discount,
except as otherwise stated in any of the invoices submitted to Purchaser in connection with the tender of such Account for purchase
(f) Upon purchase, Seller will convey to Purchaser good and marketable title to each Purchased Account free and clear of all liens
and encumbrances which shall thereafter be the sole and exclusive property of the Purchaser; (g) Upon purchase, Seller will not
contact or otherwise communicate with Debtor on such purchased account in relation to the payment thereupon without the express
consent of Purchaser; (h) Each Account Debtor is not insolvent as the term is defined in the United States Bankruptcy Code; (i)
All Accounts, now existing or hereafter arising, shall comply with each and every one of the representations, warranties, covenants
and agreements referred to in this Paragraph and as otherwise supplemented pursuant to this Agreement; (j) All sales and other
taxes imposed with respect to the Account have been remitted by Seller to the Internal Revenue Service or other state or local
taxing authority, including – but not limited to – 941 withholding taxes; (k) All invoices with respect to Purchased
Accounts shall state that the Account is payable to purchaser at purchaser’s address; (l) No Purchased Account is evidenced
by a note or other instrument; (m) if Seller does not meet the Minimum Amount listed in Paragraph 11.c., all payments received
for unfactored invoices will incur a 2% administrative charge; (n) Seller will not directly or indirectly influence any Account
Debtor from making payment directly to Purchaser, and acknowledges and agrees that any breach of this representation or receipt
of funds directly from an Account Debtor will constitute conversion and/or theft of Purchaser’s property; (o) Seller has
not entered or will not into any financial accommodation arrangement with any person who collects repayment by debiting an Account
or Deposit Account of the Seller; (p) Seller will not, during the term of this Agreement, sell, transfer, pledge, grant a security
interest in, or hypothecate any of its Accounts to any party other than Purchaser; and (q) Seller will, at the request of Purchaser,
cause its officers and other employees to engage in commercially reasonable efforts to affect collection of the Purchased Accounts
by Purchaser.

 

    4

     

    

 

Seller
agrees to reimburse Purchaser for actual out-of-pocket costs relating to UCC filings and searches incurred by Purchaser in connection
with this Agreement. Each Purchased Account shall be the property of the Purchaser and shall be collected by Purchaser, and seller
shall promptly endorse, transfer and deliver the same to the Purchaser to the extent that any such payment is received by Seller.
In addition to Purchaser’s other remedies, failure to deliver said payment in kind to Purchaser within five (5) business
days of receipt may result, at Purchaser’s option, in an additional charge to be paid by Seller to Purchaser equal to five
percent (5%) of said payment. Seller will not change the state of its incorporation or formation, or its corporate or legal name,
without the prior written consent of Purchaser. Seller will not create any new legal entities whatsoever without written consent
by Purchaser.

 

8.
GRANT OF SECURITY INTEREST; NON-RECOURSE NATURE. As security for the payment and performance of all Seller’s
present and future obligations to Purchaser under this Agreement, or otherwise for the payment and performance of any obligation
owed to Purchaser by Seller pursuant to any other agreement or instrument, Seller hereby transfers and grants to Purchaser a first
priority security interest in all of Seller’s presently-owned and hereafter-acquired personal and fixture property, wherever
located, including, without limitation, all Accounts, Goods, Chattel Paper, Inventory, Equipment, Instruments, Investment Property,
Documents, Deposit Accounts, Commercial Tort Claims, Letters-of-Credit Rights, General Intangibles including Payment Intangibles,
Patents, Software Trademarks, Trade Names, Customer Lists, Supporting Obligations, all proceeds and products of the foregoing,
including without limitation, insurance proceeds, lock box contents and proceeds the Accounts of the Account Debtor (the “Collateral”).
Said security interest shall be a first priority security interest described in Exhibit A attached hereto and made a part
hereof and in any additional property, if any, listed in Exhibit B attached hereto and made a part hereof. The Collateral
specifically includes, without limitation, Sellers’ right to any and all returned or repossessed personal property from
Account Debtors and also shall include all rights of replevin, reclamation, and stoppage in transit and all rights as a seller
of goods. In the event of any default by Seller under this Agreement and/or pursuant to any obligation of Seller to Purchaser
hereunder or otherwise, Purchaser shall have all rights with respect to the aforesaid Collateral and a secured party under the
applicable UCC laws as hereinafter provided.

 

    5

     

    

 

Seller
hereby authorizes Purchaser to file Financing Statements and other documents, whether or not executed by Seller, describing the
Collateral described above and ratifies the filing of such Financing Statements or other documents filed by Purchaser prior to
the execution of this Agreement, Purchaser and Seller agree that subsequent to any termination hereof, Purchaser shall not be
obligated, nor shall Seller be authorized, to release any Security Interests granted to Purchaser hereunder unless Purchaser and
Seller have entered into a mutual general release to Purchaser’s satisfaction. The provisions contained in this paragraph
are a material inducement for execution of this Agreement by Purchaser. Any term used in the UCC and not specifically defined
herein shall have the meaning given to the term in the UCC.

 

9.
INDEMNITY, WAIVER, AND RELEASE Seller agrees, except in the case of fraud or willful misconduct of the Purchaser, to
indemnify and hold Purchaser harmless from all claims asserted against Purchaser subsequent to the Effective Date related to this
Agreement or the Factoring Documents, including reasonable legal fees and costs incurred by Purchaser in defense thereof. Seller
hereby waives every present and future defense, cause of action, counterclaim or setoff, which the Seller may now have or hereafter
may have to any action by the Purchaser in enforcing this Agreement. Seller waives any implied covenant of good faith and/or fair
dealing and ratifies and confirms whatever Purchaser may do pursuant to the term of this Agreement. The provisions of this Paragraph
9 shall survive the Term of this Agreement.

 

    6

     

    

 

10.
DEFAULT & REMEDIES.

 

a.
Occurrence of Default. The occurrence of any one or more of the following events shall constitute (“Default”)
of this Agreement by Seller; (i) the failure of Seller to perform any covenants or agreement contained herein; (ii) any warranty
or representation of Seller made herein shall be untrue; (iii) ceases to do business as a going concern, merges with or into any
corporation or other legal entity, sells substantially all of its assets, or changes its composition, form of business association
or ownership without the prior written consent of Purchaser; (iv) the death of: (a) any Seller, if seller is an individual; (b)
an individual operating as a sole proprietorship that is the Seller; (c) any person who owns 25% or more of the economic interests
in the Seller or has 50% or more rights to control the operations of the Seller; or (d) any guarantor of this Agreement; (v) commits
an act of bankruptcy, becomes insolvent or bankrupt, makes an assignment for the benefit of creditors or consents to the appointment
of a trustee or receiver or has either appointed for Seller or a substantial part of its property, or has any bankruptcy reorganization
or insolvency proceedings instituted against it; (vi) a tax lien shall be filed against Seller; (vii) Seller defaults under any
agreement with any third party material to Seller’s business or providing for the lease of real or personal property or
the repayment of money; (viii) a judgment shall be entered against Seller which is not promptly satisfied or if a levy or attachment
shall be filed against Seller or its property; (ix) if Purchaser deems itself commercially reasonably insecure in its expectation
that Seller will fully perform all of its obligations under this Agreement; (x) if another creditor of Seller, its parent or an
affiliate of Seller asserts any rights in, claim or security interest against the Seller’s Collateral, accounts or other
property, including – but not limited to – offset, a security interest, foreclosure or otherwise; (xi) Seller enters
into any financial accommodation arrangement with any person who collects repayment by debiting a Deposit Account of the Seller;
and/or (xii) defaults under any Affiliated Agreements as defined in Subsection c., below. An event of Default shall not
include the non-payment of a Purchased Account due to the insolvency of the Account Debtor for the Purchased Account.

 

b.
Remedies Upon Default. In the event a Default shall occur: Purchaser may, in its sole discretion: (i) immediately terminate
this Agreement, at which time all amounts due and owing under the Accounts shall immediately become due and payable without notice,
institute default pricing on any and all open invoices and retain a reserve account from payments from all the Accounts that are
Collateral; (ii) take possession of Collateral with or without judicial process; (iii) seek to place the Seller into receivership,
or other applicable state law process, and request a court to appoint a receiver over the Seller; (iv) take control of goods relating
to any Account Seller shall pay to Purchaser all other damages, costs and losses caused to Purchaser by reason of such Default,
including, but not limited to reasonable attorneys’ fees, court costs, other collection expenses and all other expenses
and costs incurred or paid by Purchaser to obtain performance or to enforce any covenant or agreement of Seller hereunder; and
(v) Purchaser shall have the right to enforce all rights which it may have with respect to the security interest granted to its
pursuant to this Agreement, and specifically, not by way of limitation, to notify and require the U.S. Post Office to deliver
Seller’s mail to Purchaser, and to open Seller’s mail and take and endorse for deposit in the name of Seller all payments
received upon any of Seller’s Accounts and to deposit same for benefit of Purchaser. In order to satisfy any of Seller’s
obligations to Purchaser, Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system to
any deposit account of Seller. Purchaser shall have no obligation to marshal any assets in favor of Seller or against or in payment
of any of the obligations of Seller secured hereby. In addition to the Charges and other fees and obligations contained in the
Agreement and due to the additional administrative burden caused by an Event of Default, Seller shall pay an additional default
service charge of five percent (5%) of the amount of each Account collected by Purchaser after a default hereunder by Seller.

 

    7

     

    

 

c.
Cross-Default. The Accounts provided for under this Agreement shall secure and may be used to satisfy each and every obligation
and debt of the Seller or its affiliates under any and all agreements between the Parties, between a Party and an affiliate of
the other Party, or between affiliates of the Parties (“Affiliated Agreements”). Upon the occurrence of Default under
this Agreement, an event of default shall be deemed to have occurred under any and all Affiliated Agreements, and upon the occurrence
of Default under an Affiliated Agreement, an event of Default shall be deemed to have occurred under this Agreement. Purchaser,
in its sole discretion, shall be entitled to assert any and all rights and remedies against the Seller or its affiliates, and
collect against any and all collateral, property or guaranty as provided for under this Agreement or Affiliated Agreement. This
Paragraph is specifically intended by the Parties to be a cross-collateralization and cross-default provision so the collection
rights, collateral and other property set forth in one agreement secures the debts and obligations of the other agreements, and
vice-versa; provided, however, that the Guarantors on the Validity Guarantees shall not be deemed to provide any guaranty or obligation
to Purchaser beyond that stated in such Validity Guaranty.

 

SELLER
WAIVES ANY REQUIREMENT THAT PURCHASER INFORM SELLER BY AFFIRMATIVE ACT OR OTHERWISE OF ANY ACCELERATION OF SELLER’S OBLIGATIONS
HEREUNDER. FURTHER, PURCHASER’S FAILURE TO CHARGE OR ACCRUE INTEREST OR FEES AT ANY “DEFAULT” OR “PAST
DUE” RATE SHALL NOT BE DEEMED A WAIVER BY PURCHASER OF ITS CLAIM THERETO.

 

 

11.
TERM, REINSTATEMENT & MINIMUM AMOUNT.

 

a.
Term of Agreement. This Agreement shall commence as of the date hereof and shall continue in force and effect for an initial
term of twelve (12) months from the first day of the month following the date of the first Purchased Account is purchased (“Initial
Term”). Unless terminated by Seller by providing notice to Purchaser in the manner required by Paragraph 15 not less
than thirty (30) but not more than ninety (90) days before the end of the Initial Term, this Agreement shall automatically extend
for an additional twelve (12) months (“Renewal Term”). Seller shall be required to provide the same notice during
any and all Renewal Terms as set forth in the preceding sentence in order to terminate this Agreement, and if no notice is provided,
the Renewal Term shall extend for an additional twelve (12) month period. All Renewal Terms and the Initial Term are collectively
referred to as the “Term.” In no event shall the Term expire prior to all of Seller’s obligations to Purchaser
under this Agreement being satisfied, and the Term will be extended until such time.

 

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b.
Reinstatement. Notwithstanding any termination of this Agreement, Seller hereby agrees that to the extent Purchaser receives
any payment(s) from Seller on account of Seller’s obligation to Purchaser hereunder, and such payment(s) are subsequently
invalidated, declared to be preferential and/or required to be restored, returned or repaid to a trustee, receiver, or any other
party upon any bankruptcy, insolvency, dissolution or liquidation of Seller, then to the extent of such invalidated payment(s),
that portion of Seller’s obligation hereunder intended to be satisfied thereby shall be deemed revived as if such payments(s)
had not been received by Purchaser and all Purchaser’s rights and remedies under this Agreement, including – but not
limited to – those contained Paragraphs 8 and 10, shall be and remain applicable and in full force and effect.

 

c.
Minimum Amount. Seller agrees that if Purchaser has not purchased Accounts in an annual period during any Initial and Renewal
Term hereof which exceed $2,000,000.00 per calendar year (“Minimum Amount”), Seller agrees to pay to Purchaser, on
demand, an additional amount equal to what the Charges provided for elsewhere herein would have been on said Minimum Amount assuming
the number of days from the date of purchase of said Minimum Amount until receipt of payment of said Minimum Amount is thirty
one (31) days (not to exceed $70,000), less the actual Charges paid by Seller to Purchaser during said period.

 

d.
Early Termination Fee. Should this Agreement be terminated by the Seller for any reason whatsoever, prior to the expiration
of the Term, Seller shall pay the Purchaser an early termination fee equal to fifty percent (50%) of the amount of the charges
and one hundred percent (100%) of other accruals provided for under this Agreement, multiplied by the Minimum Amount, calculated
for the period of time that remains on the Term, not to exceed $35,000 (“Termination Fee”).

 

12.
EXCLUSIVE RELATIONSHIP & RIGHT OF FIRST REFUSAL. During the Term period as set forth in Paragraph 11, the
Seller acknowledges and agrees that Purchaser has the exclusive right to purchase Accounts from the Seller. In addition, Seller
will provide notice to Purchaser as required under Paragraph 15 within ten (10) days of any legal and/or corporate changes
in the Seller’s, including – but not limited to – the formation of a legal entity, change in a legal structure
of the Seller, change in location of the Seller, change in driver’s license name, state or expiration of any Seller or Guarantor
or the existence of any person or entity performing related or competing work or services that is either an affiliate or related
party to the Seller as described in this Paragraph. The Seller acknowledges and agrees that this exclusive relationship
and offer of first refusal to purchase Accounts is material and significant consideration for the Purchaser to enter into this
Agreement.

 

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13.
NO NOTICE OF ASSIGNMENT, HYPOTHECATION, PLEDGE, ETC. BY PURCHASER. The parties to this Agreement agree and acknowledge
that the Purchaser may assign, transfer, convey, hypothecate or pledge any or all of its Purchased Accounts, security interests
or other rights and/or obligations under this Agreement and any related agreements and documents to any person, including –
but not limited to – any person or entity affiliated with the Purchaser or another creditor, without the prior written consent
of and without giving notice to the Seller. The Seller further acknowledges and agrees that any assignee, transferee and/or creditor
will acquire and assume all interest and rights to payments, enforcement of obligations and claims, and will act in the stead
of the Purchaser in every regard whatsoever with respect to all rights and claims under this Agreement and all related agreements
and documents. The Seller expressly agrees to this Paragraph and acknowledges the validity of any future assignment, transfer,
hypothecation or pledge without the prior written consent of and without giving notice to the Seller, and agrees that any assignment,
transfer, hypothecation or pledge by the Purchaser will not be asserted as the basis for any defense or claim against the Purchaser,
transferee, assignee and/or creditor.

 

14.
ACCOUNT DISPUTES. Seller shall notify Purchaser promptly of and, if requested by Purchaser, will settle all disputes
concerning any Purchased Account with Purchaser’s prior approval, at Seller’s sole cost and expense. Purchaser may,
but is not required to, attempt to settle, compromise, or litigate (collectively, “Resolve”) the dispute upon such
terms as Purchaser in its sole discretion deem advisable, for Seller’s account and risk and at Seller’s sole expense,
and Seller agrees to cooperate with Purchaser and do any action necessary to assist with a Resolve. Upon the occurrence of an
Event of Default, Purchaser may resolve such issues with respect to any Account of Seller.

 

15.
NOTICES. Notices required or permitted hereunder shall be in writing and shall be given by personal delivery, facsimile
or certified or registered mail, postage prepaid, to the parties at their address hereinabove set forth. Such notices shall be
deemed given when delivered or mailed as aforesaid. Either party shall have the right to change its address by notice as herein
provided. Seller is required to provide notice to Purchaser within ten (10) business days of any change in driver’s license
name, state or expiration of any Seller or Guarantor.

 

16.
GOVERNING LAW, VENUE & ATTORNEYS’ FEES. This Agreement shall be interpreted, construed, and governed by and
under the laws of the State of South Carolina, without regard to conflicts of law rules principles (whether of the State of South
Carolina or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of South
Carolina. In the event that any dispute whatsoever arises between the Parties in relation to or in any way in connection with
this Agreement (a “Dispute”), the Dispute shall be brought exclusively in courts of competent jurisdiction
in the State of South Carolina, County of Charleston, and the Parties irrevocably consent to the exclusive jurisdiction of the
state and federal courts located in Charleston, South Carolina waiving any argument as to form non-conviens; provided
however, the Purchaser may seek injunctive relief, a receivership or other equitable relief in another jurisdiction that is
deems more appropriate in the Purchaser’s sole discretion. Seller shall be liable for all attorney’s fees and all
other costs and expenses incurred by Purchaser related to this Agreement and the Factoring Documents.

 

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17.
WAIVER OF TRIAL BY JURY. IN RECOGNITION OF THE HIGHER COSTS AND DELAY WHICH MAY RESULT FROM A JURY TRIAL AND, TO THE EXTENT
PERMITTED BY LAW, THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING
HEREUNDER, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE;
AND EACH PARTY FURTHER WAIVES ANY RIGHT TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION
IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART
OR A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT
TO TRIAL BY JURY.

 

Seller
Acknowledgment:

 

18.
BANKRUPTCY WAIVER; CONSENT TO FILING. The Seller shall first receive the written approval and authorization of Purchaser
prior to the commencement of any proceeding under any federal, state, or other law relating to bankruptcy, receivership, insolvency,
or other debtor relief laws initiated by or against the Seller, whether voluntary or involuntary (“Insolvency Proceeding”),
and should the written consent of Purchaser not be received prior to the commencement of an Insolvency Proceeding, the Seller
shall consent to and/or join any filing made or position asserted by Purchaser to dismiss such Insolvency Proceeding based on
the Seller’s failure to receive Purchaser’s written consent as required by this Agreement or any accompanying resolution.
For the avoidance of doubt, Seller desires that this be an absolute condition precedent, and the Seller irrevocably waives, releases,
and forfeits any objection, opposition, or other legal right it may have whatsoever to any filing made or position asserted by
Purchaser based on this Agreement or any accompanying resolution. As such, the Seller shall not attempt to repudiate this contractual
provision by any corporate action, file any pleading or other document in connection with an Insolvency Proceeding inconsistent
with the provisions of this Agreement. If Purchaser wishes, in its sole discretion, to provide financial accommodations in connection
with an Insolvency Proceeding, whether as a debtor in possession lender or otherwise, the Purchaser shall consent to and/or join
any filing made or position asserted by Purchaser to provide such financing, and the Seller irrevocably waives, releases, and
forfeits any objection, opposition, or other legal right it may have whatsoever to Purchaser to providing financing in connection
with an Insolvency Proceeding.

 

    11

     

    

  

19.
ASSIGNMENT BY PURCHASER. Purchaser, without notice to Seller, may assign and /or pledge all of Purchaser’s rights
hereunder to Purchaser’s lender and/or insurance carrier (“Assignee”). Seller hereby consents to any such assignment
and agrees that in such event, upon request of Assignee, it will render all acts, performance and payment directly to Assignee,
and that said Assignee shall have all of Purchaser’s rights here under but none of Purchaser’s obligations.

 

20.
NO WAIVER. Waiver by Purchaser of any breach or default of this Agreement or of any warranty, representation, covenant,
obligation or guaranty herein shall not be construed as waiver of any subsequent breach or default. Failure by Purchaser to exercise
any right or remedy hereunder shall not operate as a waiver of any subsequent breach or default. All rights and remedies are cumulative
and not alternative. This Agreement contains the entire agreement of the parties and may not be modified except by a written agreement
executed by Seller and Purchaser.

 

21.
SEVERABILITY. If any provision of this Agreement is held or found to be illegal, invalid or unenforceable by any statute,
regulation, rule, order or decree of any governmental authority, court, agency or exchange, such invalid provision shall be deemed
deleted here from, and the parties acknowledge and agree that any governmental authority, court, agency or exchange shall revise
such provision to the minimum extent necessary to cure such violation. All other provisions in this Agreement shall nevertheless
continue to be binding on the parties hereto and shall be of full force and effect.

 

22.
INSURANCE REQUIREMENTS. Seller will, at Sellers sole expense, during the Term or any renewal or extension thereof,
carry in a standard company, for the protection of itself and Purchaser, comprehensive public liability insurance, including property
damage, with limits of at least: bodily injury $1,000,000.00 each person, $2,000,000.00 each occurrence, and property damage $1,000,000.00
each occurrence. Such insurance policy shall name Purchaser as an additional insured and a loss payee for property damage, shall
be deposited with a paid receipt with Purchaser. In addition, Purchaser may require, and Seller will agree to carry life insurance
policies on its key personal in an amount not to exceed $250,000.00 per individual naming the Purchaser as the loss payee. The
Seller agrees that none of the insurance policies required under this Paragraph shall not be canceled for any reason unless
and until Purchaser is given fifteen (15) days’ prior notice in writing by the insurance company. If Seller shall not comply
with this Paragraph, Purchaser may, at its option, cause insurance as aforesaid to be issued, and in such event, Seller
agrees to pay the premium for such insurance promptly upon Purchaser’s demand or as a Charge.

 

    12

     

    

  

23.
FURTHER COOPERATION. The Parties agree to cooperate in good faith with one another in executing any amendments to this
Agreement deemed necessary to confirm the intent of the Parties, including – but not limited to – correcting any clerical
mistakes such as page numbers, typos, missing initials, etc., and each of the Parties agrees to execute and deliver such other
and further instruments as may be necessary to implement fully the terms of this Agreement. The Parties further acknowledge and
agree that the presence of clerical mistakes in the Agreement is not material and do not affect the enforceability of this Agreement.

 

24.
AUTHORITY & ELECTRONIC SIGNATURES. All corporate action on the part of the Seller and its officers, directors and
stockholders necessary for the authorization, execution and delivery of the Agreement, and the performance of all obligations
of the Seller hereunder have been taken prior to the execution of this Agreement. When executed and delivered by the Seller, this
Agreement shall constitute valid and legally binding obligation of the Seller, enforceable against the Seller in accordance with
its terms. By executing this Agreement, the Parties agree that the use of any electronic signatures is the legally binding equivalent
of a handwritten signature and has the same validity and binding effect of a handwritten signature. The Seller further agrees
that it will not, at any time, repudiate the validity of this Agreement or argue that its electronic signature is not legally
binding. Seller will also not object to the admissibility of this Agreement in the form of an electronic record, the admissibility
of a paper copy of an electronic version of the Agreement, or a paper copy of the Agreement bearing an electronic signature on
the grounds that it is an electronic record or has an electronic signature that is not an original or not in its original form.

 

25.
REPORTING REQUIREMENTS. The Seller agrees to provide to the Purchaser monthly Profit & Loss Statements, Balance
Sheets, Accounts Receivable Aging Summaries, Accounts Payable Aging Summaries, proof of payment to the Internal Revenue Service
or other state or local revenue agency in regards to any installment agreement, and proof of quarterly 941 deposits for the Seller.
Seller agrees to provide annual tax returns and proof of tax payments to Purchaser as requested. Also, the Seller agrees to use
its best efforts to provide the Purchaser with a Subordination Agreement with the Internal Revenue Service or other state or local
revenue agency for their tax liabilities in the event that a tax liability is unsatisfied. Seller shall also provide unlimited
online access to all financed accounts receivable data including AR aging and collection reports.

 

26.
GENERAL CONSTRUCTION. Unless the context of this Agreement requires otherwise, references to the plural include the
singular, the singular includes the plural, the part includes the whole, “including” is not limited and “or”
has the inclusive meaning represented by the phrase “and/or”. This Agreement supersedes and replaces any and all previous
agreements between the parties.

 

[THIS
SPACE LEFT INTENTIONALLY BLANK]

[SIGNATURE
PAGES TO FOLLOW]

 

    13

     

    

 

Sysorex,
Inc.

(the
“Seller”)

 

 

 

(Seller
Signature)

 

By:    Zaman
Khan

Its:    Director,
President & Chief Executive Officer

 

Sysorex,
Inc.

(the
“Seller”)

 

(Seller
Signature)

 

 

 

By:
    Vincent Loiacono

Its:
    Chief Financial Officer

  

 

 

[Purchaser
Acknowledgement Signature Page - SouthStar Non-Recourse Factoring Agreement]

 

    14

     

    

 

Sysorex
Government Services, Inc.

(the
“Seller”)

 

(Seller
Signature)

 

 

 

By:     Zaman
Khan

Its:     Chief
Executive Officer & Authorized Representative

 

Sysorex
Government Services, Inc.

(the
“Seller”)

 

(Seller
Signature)

 

 

 

By:
     Vincent Loiacono

Its:
     Chief Financial Officer & Authorized Representative

 

 

 

[Purchaser
Acknowledgement Signature Page - SouthStar Non-Recourse Factoring Agreement]

 

    15

     

    

 

SEEN
& ACKNOWLEDGED:

 

SOUTHSTAR
FINACIAL, LLC.

(the
“Purchaser”)

 

 

 

By:
Susan E. Linney

Its:
Chief Operating Officer

Date:
_________________

 

 

 

[Purchaser
Ackn owledgement Signature Page - SouthStar Non-Recousre Factoring Agreement]

 

    16

     

    

 

EXHIBIT
A

(Description
of Collateral)

 

ALL
DEBTOR’S ASSETS, NOW OWNED OR HEREAFTER ACQUIRED, INCLUDING, WITHOUT LIMITATION, ALL OF DEBTOR’S PRESENTLY OWNED AND
HEREAFTER ACQUIRED PERSONAL AND FIXTURE PROPERTY WHEREVER LOCATED, INCLUDING, WITHOUT LIMITATION, ALL ACCOUNTS, GOODS, CHATTEL
PAPER, INVENTORY, EQUIPMENT, INSTRUMENTS, INVESTMENT PROPERTY, DOCUMENTS, DEPOSIT ACCOUNTS, COMMERCIAL TORT CLAIMS, LETTERS-OF-CREDIT
RIGHTS, GENERAL INTANGIBLES INCLUDING PAYMENT INTANGIBLES, PATENTS, SOFTWARE, TRADEMARKS, TRADENAMES, CUSTOMER LISTS, SUPPORTING
OBLIGATIONS, AND ALL PROCEEDS AND PRODUCTS OF ALL THE FOREGOING, INCLUDING WITHOUT LIMITATION, INSURANCE PROCEEDS, LOCK BOX CONTENTS,
AND PROCEEDS (THE “COLLATERAL”). THE COLLATERAL SPECIFICALLY INCLUDES, WITHOUT LIMITATION, DEBTOR’S RIGHTS TO
ANY AND ALL RETURNED AND/OR REPOSSESSED PERSONAL PROPERTY FROM ACCOUNT DEBTORS AND ALSO SHALL INCLUDE ALL RIGHTS OF REPLEVIN,
RECLAMATION, STOPPAGE IN TRANSIT, AND ALL RIGHTS AS A SELLER OF GOODS.

 

THIS
SERVES AS NOTICE THAT PURSUANT TO AN AGREEMENT BETWEEN DEBTOR AND SECURED PARTY, DEBTOR AGREED NOT TO GRANT A SECURITY INTEREST
IN ANY OF THE ABOVE COLLATERAL TO ANY OTHER PERSON WITHOUT THE EXPRESS WRITTEN PERMISSION OF SECURED PARTY OR PERMIT THE REPAYMENT
OF ANY OBLIGATION TO ANOTHER PERSON THROUGH THE DEBITING OF A DEPOSIT ACCOUNT OR OTHER ACCOUNT. ACCORDINGLY, THE ACCEPTANCE OF
ANY SECURITY INTEREST BY ANYONE OTHER THAN THE SECURED PARTY OR THE DEBITING OF DEBTOR’S ACCOUNTS IS LIKELY TO CONSTITUTE
TORTIOUS INTERFERENCE WITH SECURED PARTY RIGHTS, TORTIOUS INTERFERENCE OF CONTRACT, OR COLLUSION.

 

IN
THE EVENT THAT ANY ENTITY IS GRANTED A SECURITY INTEREST IN DEBTOR’S ACCOUNTS, CHATTEL PAPER, OR GENERAL INTANGIBLES CONTRARY
TO THE ABOVE, SECURED PARTY ASSERTS A CLAIM TO THOSE ACCOUNTS, CHATTEL PAPER, GENERAL INTANGIBLES, AND/OR ANY PROCEEDS THEREOF
RECEIVED BY SUCH ENTITY.

 

 

 

[Exhibit
A - Description of Collateral - SouthStar Non-Recourse Factoring Agreement]

 

    17

     

    

 

 

EXHIBIT
B

(Additional
of Collateral)

 

None.

 

 

 

 

[Exhibit
B - Additional Collateral - SouthStar Non-Recourse Factoring Agreement]

 

    18

     

    

 

 

 

PURCHASE
MONEY FINANCING ADDENDUM FOR

PURCHASE
ORDER UNDER THE FACTORING AGREEMENT

 

This
PURCHASE MONEY FINANCING ADDENDUM (“Addendum”) is dated as of this 11th day of June, 2020 between Sysorex,
Inx., a Nevada corporation, and Sysorex Government Services, Inc., a Virginia corporation, (collectively, the “Seller”
or “Debtor”) and SouthStar Financial, LLC, its affiliates, successors and/or assigns, a South Carolina limited liability
company (the “Purchaser” or “Secured Party”).

 

RECITALS

 

WHEREAS,
Debtor and Secured Party are parties to a Non-Recourse Factoring and Security Agreement dated 06/11/2020pursuant to which
Secured Party purchases accounts from Debtor, and the Secured Party is referred to as the “Purchaser” and the Debtor
is referred to as the “Seller” (the “Factoring Agreement”), which is incorporated herein by reference;

 

WHEREAS,
Debtor may, from time to time, request financing hereunder from Secured Party to enable Debtor to acquire goods from Suppliers
for resale to Buyers which have provided to Debtor purchase orders or other confirmation;

 

WHEREAS,
in connection therewith, Debtor may request that Secured Party either (1) cause Issuer to issue Letters of Credit to Suppliers,
or (2) tender payments directly to Suppliers for goods, in accordance with the terms and conditions herein; and

 

NOW,
THEREFORE, in consideration of the obligations and promises set forth herein, and intending to be legally bound hereby, the Parties
hereby agree as follows:

 

AGREEMENT

 

1)
Certain Definitions and Index to Definitions. Unless otherwise defined herein, any capitalized terms used herein
shall have the meanings ascribed in the Factoring Agreement. All terms used herein that are defined in the Uniform Commercial
Code shall have the meanings ascribed thereto therein. As used herein, the following terms shall have the following meanings:

 

a)
“Account Management Fee”– The fee for the setup, management, monitoring and collection of the Purchase
Money Accommodation for administration of the Addendum, and shall be zero and 50/100 percentage (0.50%) of each Advance, plus
any attorneys’ fees or costs related to the Advance.

 

    19

     

    

 

 

 

b)
“Additional Advance” – Each advance, distribution or remittance which is paid by Secured Party on behalf
of or to Debtor, unless such advance, distribution or remittance is, or is included in a Letter of Credit Advance or a Purchase
Money Advance; Additional Advances include, but are not limited to, funds for operations, banking fees, inspection fees, customs
costs and shipping fees.

 

c)
“Advance” – A Letter of Credit Advance, Purchase Money Advance or Additional Advance.

 

d)
“Buyer” - A customer of Debtor, acceptable to Secured Party in its sole discretion, which Debtor has agreed
to sell Pre-Sold Goods that would create an account under the Factoring Agreement.

  

e)
“Due Date” – The earliest of:

  

i)
Sixty (60) days from the date of an Advance; or

 

ii)
The date on which the Subject Account arising out of the sale of Pre-Sold Goods is purchased by the Secured Party.

 

f)
“Eligible Purchase Order” – A binding purchase order issued by a Buyer to the Debtor which specifies
the terms, description of the Pre-Sold Goods, quantity, and price of such order.

 

g) “Factoring
Agreement” – As set forth in the first WHEREAS clause.

 

h)
“Factoring Charges” – The all amounts chargeable as set forth in Section 3 of the Factoring Agreement.

 

i)
“Factory Purchase Order” – A written purchase order for the Pre- Sold Goods issued by the Debtor to the
Supplier and specifying the terms, description of the goods, quantity, and price of such factory order.

 

j)
“Financed Transaction” – A transaction whereby Secured Party, upon the Debtor’s request: (i) arranges
for the issuance of a Letter of Credit; or (ii) makes a Purchase Money Advance.

 

    20

     

    

 

 

 

k) “Financing
Request Package” – Shall include the following:

 

 
i) An Eligible Purchase Order;

 

ii)
A Purchase Order Acknowledgement issued by the Debtor to the Buyer;

  

iii)
A Factory Purchase Order issued by the Debtor to the Supplier;

 

iv)  A
Pro-forma Invoice issued by a Supplier;

 

v)
An itemization of all costs related to the Financed Transaction, including but not limited to the cost and sale price of the Pre-
Sold Goods, shipping and insurance costs, and customs duties;

 

vi)
Identification of any freight forwarder, shipping company, and instructions for delivery of the Pre-Sold Goods to the Buyer;

 

 vii)
A fully executed Supplier Letter;

 

viii)“A
fully executed Shipping Broker’s Agreement;

 

ix)“A
fully executed Warehouse Agreement.

 

l)“Issuer”
– The issuer of a Letter of Credit.

 

m)“Letter
of Credit” – A letter of credit issued in favor of a Supplier.

 

i)“To
enable Debtor to acquire Pre-Sold Goods;

 

ii)“In
a form acceptable to Secured Party;

 

iii)
Requiring inter alia, as a condition of draw by the Supplier, that the Supplier present an inspection certificate by the
Debtor or an independent inspection service acceptable to Secured Party that the Pre- Sold Goods which are the subject of the
Letter of Credit conform to an Eligible Purchase Order; and

 

iv)
Requiring that the shipment of the Pre-Sold Goods be evidenced by a negotiable bill of lading negotiated to the order of the Secured
Party, consigned to Secured Party or in another form acceptable to the Secured Party.

 

n)
“Letter of Credit Advance” – Amounts paid by Secured Party on account of a Letter of Credit.

 

o)
“Pre-Sold Goods” – All Goods, parts, components or other tangible property which is the subject of an
Eligible Purchase Order.

 

    21

     

    

 

 

 

p)
“Pro-forma Invoice” – A written acknowledgement issued by a Supplier confirming receipt of a Factory
Purchase Order and specifying the terms, description of the Pre-S old Goods, quantity, and price of such order;

 

q)
“Purchase Money Advance” – A payment by Secured Party to a Supplier on account of the purchase price
for Pre-Sold Goods. The Purchase Money Advance shall be up to one hundred percent (100%) of the Pro-Forma Invoice, not to exceed
eighty percent (80%) of the Eligible Purchase Order.

 

r)“Purchase
Money Accommodation” – either :

 

i)
The face amount of a Letter of Credit that has not expired or been cancelled by the Issuer; or

 

ii)
The amount of an Advance other than a Letter of Credit Advance.

 

s)
“Purchase Money Fee” – The product of the Purchase Money Accommodation shall be charged a fee of zero
and 90/100 percent (0.90%) for the first ten (10) day period plus zero and 90/100 percent (0.90%) for each additional ten (10)
day period of part thereof, calculated from the date of the funding until such payment is received. The Purchase Money Fee shall
be calculated by discounting the Pro-Forma Invoice, assuming the Pro-Forma Invoice has an advance rate of eighty percent (80%).
When the Pro-Forma Invoice does not equal eighty percent (80%) of the Eligible Purchase Order, the fee will be charged based on
a pro-rated amount that results in the Pro-Forma Invoice equating an Advance of eighty percent (80%). For internal calculation
purposes, the Eligible Purchase Order amount may be adjusted upwards or downwards to arrive at the necessary amount.

 

t)
“Purchase Order Acknowledgement” – A written acknowledgement issued by the Debtor to the Buyer confirming
the receipt by the Debtor of an Eligible Purchase Order, specifying the terms, description of the Pre-Sold Goods, quantity, and
price of such order, confirming that Debtor has performed an in-person inspection of the Pre-Sold Goods and that they will be
accepted by the Buyer.

 

u)
“Reserve Account” – The account between Debtor and Secured Party maintained by Secured Party under the
Factoring Agreement.

 

v)
“Subject Account” – An Account created by the sale of the goods or services by the Debtor to a Buyer
which are the subject of an Eligible Purchase Order, owing by the issuer of an Eligible Purchase Order.

 

    22

     

    

 

 

 

w)
“Supplier” – A supplier, acceptable to Secured Party in its sole discretion, who has agreed to sell the
Pre-Sold Goods or certain parts or components of the Pre-Sold Goods which are the subject of a Financed Transaction.

 

x)
“Supplier Letter” – A letter from Supplier, with all required information supplied, in the form attached
hereto as Exhibit 1.

 

y)
“Warehouse” – Segregated warehouse space in which Debtor agrees to maintain the Pre-Sold Goods, at a
location specified by Secured Party.

 

z)
“Warehouse Agreement” – An agreement among a warehouse, Debtor and Secured Party, in form acceptable
to Secured Party, acknowledging Secured Party’s security interest in the Pre-Sold Goods and providing among other things
that such Pre-Sold Goods shall not be released by the warehouse without Secured Party’s prior written consent.

 

2)
Incorporation into Factoring Agreement. This Addendum shall be deemed a part of the Factoring Agreement, the provisions
of which are incorporated herein by reference, including – but not limited to – all default and cross-default provisions,
default fees and rates, remedies and other obligations.

 

3)
Letters of Credit. Subject to the terms and conditions of this Agreement and the Factoring Agreement:

 

a)
Issuance of Letters of Credit. Secured Party may, from time to time, in its sole discretion and at Debtor's request, cause
the issuance of Letters of Credit in an amount determined by Secured Party.

 

b)
Request for Issuance. Each request by Debtor for the issuance of Letter of Credit shall be accompanied by a Financing Request
Package unless waived by Secured Party.

 

c)
Cancelation of Letters of Credit. Debtor may, from time to time, request that Secured Party cause one or more Letters of
Credit to be cancelled provided that no draws thereunder remain outstanding. In such event, Secured Party will request such cancellation
by Issuer provided however that no Letter of Credit shall be deemed cancelled until it is cancelled by Issuer.

 

    23

     

    

 

 

 

4)“Purchase
Money Advances.

 

a)
Secured Party may, from time to time, in its sole discretion and at Debtor’s request, make a Purchase Money Advance.

 

b)
Each request by Debtor for a Purchase Money Advance shall be accompanied by a Financing Request Package unless waived by Secured
Party.

 

5)“Reimbursement
for Advances.

 

a)
Debtor shall reimburse Secured Party for all Advances on or before the Due Date. Such reimbursement may be made out of funds available
to Debtor under the Factoring Agreement as determined solely by the Secured Party.

 

b)
Secured Party may charge Debtor’s Reserve Account with any past due amounts hereunder.

 

c)
Secured Party shall have no duty to inquire into the propriety of any request by an Issuer for payment by Secured Party, and all
such payments by Secured Party shall conclusively establish Debtor’s reimbursement obligations hereunder.

 

d)
To secure Debtor’s obligations hereunder, Secured Party may charge the Reserve Account with undrawn amount of any Letters
of Credit.

 

6)
Security Interest. As collateral securing the Obligations, Debtor grants to Secured Party a purchase money security
interest and a continuing first priority security interest in the Collateral. For purposes of this Agreement, “Collateral”
is defined in Section 8 of the Factoring Agreement, and also includes – but is not limited to – the Eligible
Purchase Order, Factory Purchase Order, the Pre-sold Goods, and any Subject Account.

 

7)
Sales of Accounts to Secured Party. Debtor agrees to sell to Secured Party any and all Accounts arising out of the
sale of Pre-Sold Goods which are the subject of a Financed Transaction, and such sales price shall be reduced by the amount of
the Advance, plus any additional charges, accruals or other additions due and owing under this Addendum or the Factoring Agreement.
In the event that Debtor fails to so sell any Account, in addition to any other remedy, Secured Party may charge to Debtor such
fees as would have been chargeable in accordance with the Factoring Agreement if Debtor had sold such Account to Secured Party.

 

    24

     

    

 

8)“Authorization
to Secured Party.

 

a)
Debtor irrevocably authorizes Secured Party at Debtor's expense, to exercise at any time any of the following powers until all
of the Obligations have been paid in full:

 

i)
Receive, take, endorse, assign, deliver, accept and deposit, in the name of Secured Party or Debtor, proceeds of any Collateral;

 

ii)
Notify any obligor obligated with respect to any Account, that all the Debtor’s present and future Accounts have been assigned
to Secured Party by Debtor and that payment thereof is to be made to the order of and directly and solely to Secured Party;

 

iii)
Communicate directly with Debtor’s Payors to verify the amount and validity of any Account created by Debtor;

 

iv)“File
any initial financing statements and amendments thereto that:

 

(1)
Indicate the collateral as all assets of the Debtor or words of similar effect, regardless of whether any particular asset comprised
in the collateral falls within the scope of Article 9 of the UCC, or as being of an equal or lesser scope or with greater detail;

 

(2)
Contain any other information required by Part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any
financing statement or amendment, including (i) whether the Debtor is an organization, the type of organization, and any organization
identification number issued to the Debtor and, (ii) in the case of a financing statement filed as a fixture filing or indicating
collateral as as-extracted collateral or timber to be cut, a sufficient description of real property to which the collateral relates.

 

v)“Establish
a Reserve Account.

 

9)“Fees.
Debtor shall pay the total of:

 

a)
The Account Management Fee immediately upon its accrual on the date of each Advance; and

 

b)“The
Purchase Money Fee at the Due Date; and

 

 

c)
Should the Debtor default under this Addendum, the default fees, rates and all other fees and costs set forth in Section 9
of the Factoring Agreement.

 

10)
Reports of Cancelled Purchase Orders. Debtor shall immediately advise Secured Party if and when an Eligible Purchase
Order or Factory Purchase Order has been cancelled or attempted to have been cancelled against which a Letter of Credit has been
issued or other Advance made.

 

11)“Indemnification.

 

a)
Debtor unconditionally indemnifies Secured Party and holds Secured Party harmless from any and all loss, claim or liability incurred
by Secured Party arising from this Addendum, any transactions or occurrences relating to Letters of Credit established or opened
for Debtor’s account, any other Advance, the Collateral relating thereto and any drafts or acceptances thereunder, and all
obligations whatsoever thereunder, including any such loss or claim due to any errors, omissions, negligence, misconduct or action
taken by any Issuer or the Debtor. This indemnity shall survive termination of this Agreement. Debtor agrees that any charges
incurred by Secured Party for Debtor’s account either by the Issuer or the Secured Party shall be stated and conclusive
on Debtor and may be an addition to an Advance.

 

b)
Secured Party shall not be responsible, and is the sole responsibility of Debtor, for: (a) the existence, character, quality,
quantity, condition, packing, value or delivery of the goods purporting to be represented by any documents;

(b)
any difference or variation in the character, quality, quantity, condition, packing, value or delivery of the goods from that
expressed in the documents; (c) the validity, sufficiency or genuineness of any documents presented in connection with the drawing
under the Letter of Credit, any other Advance or of any endorsements thereon, even if such documents should in fact prove to be
in any or all respects invalid, insufficient, fraudulent or forged; (d) the time, place, manner or order in which shipment is
made; partial or incomplete shipment, or failure or omission to ship any or all of the goods referred to in the Letters of Credit
or documents related to an Advance; (e) any deviation from instructions given by the applicant to the Issuer in connection with
the Letter of Credit; (f) delay, default, or fraud by the shipper and/or anyone else in connection with the goods or the shipping
thereof; or (g) any breach of contract between the Buyer, Supplier, Warehouse, and any other shipper or vendors, and the Debtor.
The Parties agree that nothing in this Addendum is to impose any obligation or liability on the Secured Party for the conditions
set forth above.

 

c)
Debtor agrees that any action taken by Secured Party, if taken in good faith, or any action taken by any Issuer, under or in connection
with the Letters of Credit, or the drafts or acceptances, shall be binding on Debtor and shall not result in any liability whatsoever
of Secured Party to Debtor. In furtherance thereof, Secured Party shall have the full right and authority to: (a) resolve any
questions of non-compliance of documents; (b) give any instructions as to acceptance or rejection of any documents or goods; (c)
execute any and all steamship or airways guaranties (and applications therefore), indemnities or delivery orders; (d) grant any
extensions of the maturity of, time of payment for, or time of presentation of, any drafts, acceptances, or documents; and (e)
agree to any amendments, renewals, extensions, modifications, changes or cancellations of any of the terms or conditions of any
of the applications, Letters of Credit, drafts or acceptances, all in Secured Party’s sole name.

 

d)
Debtor agrees that: (a) any necessary import, export or other licenses or certificates for the import or handling of the subject
goods will have been promptly procured; (b) all foreign and domestic governmental laws and regulations in regard to the shipment
and importation of the subject goods, or the financing thereof will have been promptly and fully complied with; and (c) any certificates
in that regard that Secured Party may at any time request will be promptly furnished. In connection herewith, Debtor warrants
and represents that all shipments made under any such Letters of Credit or other Advance are in accordance with the laws and regulations
of the countries in which the shipments originate and terminate, and are not prohibited by any such laws and regulations. Debtor
assumes all risk, liability and responsibility for, and agrees to pay and discharge, all present and future local, state, federal
or foreign taxes, duties, or levies. Any embargo, restriction, laws, customs or regulations of any country, state, or other political
subdivision, where the subject goods are or may be located, or wherein payments are to be made, or wherein drafts may be drawn,
negotiated, accepted, or paid, shall be solely Debtor’s risk, liability and responsibility.

 

12)
Insurance. Debtor shall maintain or cause to be maintained at all times, with financially sound and reputable insurers,
property and casualty insurance with respect to the Pre-Sold Goods, inventory and other Collateral subject to an Advance naming
the Secured Party. All such insurance policies shall be in such form, substance, amounts and coverage as set forth in Section
21 of the Factoring Agreement. Debtor shall deliver to Secured Party evidence of such insurance.

 

[SIGNATURE
PAGES TO FOLLOW]

 

IN
WITNESS WHEREOF, the parties hereto have caused this Addendum to be duly executed and delivered by their respective officers thereunto
duly authorized as of the date first above written.

 

 

Sysorex,
Inc. (the “Seller”)

 

(Seller
Signature)

 

By:Zaman
Khan

Its:Director,
President & Chief Executive Officer

 

 

 

 

Sysorex,
Inc. (the “Seller”)

(Seller
Signature)

 

By:Vincent
Loiacono

Its:Chief
Financial Officer

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Addendum to be duly executed and delivered by their respective officers thereunto
duly authorized as of the date first above written.

 

 

Sysorex
Government Services, Inc.

(the
“Seller”)

 

(Seller
Signature)

 

By:Zaman
Khan

Its:Chief
Executive Officer & Authorized Representative

 

 

 

 

Sysorex
Government Services, Inc.

(the
“Seller”)

  

(Seller
Signature)

 

By:Vincent
Loiacono

Its:Chief
Financial Officer & Authorized Representative

 

 

EXHIBIT
1

 

[insert
date]

 

[insert
name of supplier] [insert address of supplier]

 

Ladies
and Gentlemen:

 

We
provide financing to Client’s Name (“Debtor”)

 

We
agree to pay $ [insert purchase price] (the “Purchase Price”) to you in payment for the products (the “Purchased
Goods”) described in purchase order # [insert purchase order number] (the “Purchase Order”) issued to
you by the Debtor, a copy of which is attached hereto.

Upon
receipt of the Purchase Price, you agree to ship all of the Purchased Goods on or before [insert shipping date not later than
two business days after receipt of payment] (“Final Shipping Date”) to the “Ship To” address set forth
in the Purchase Order via the shipping method set forth in the Purchase Order, fully insured by you.

If
all of the Purchased Goods are not shipped in accordance with this letter agreement, you will repay the entire Purchase Price
to us by wire transfer within three days of the Final Shipping Date. You will also repay to us, upon demand and by wire transfer,
any portion of the Purchase Price which relate to goods shipped by you hereunder which are not free from all defects in materials,
manufacturing, and design or which do not otherwise conform with the specifications listed on the Purchase Order. You agree not
to apply the Purchase Price to any other transaction or debt other than the Purchase Order.

 

In
the event that either of us find it necessary to retain counsel in connection with this letter agreement, the prevailing party
shall recover its reasonable attorney’s fees and expenses from the unsuccessful party.

 

Please
have an authorized representative acknowledge your acceptance of this letter agreement. The signature of the Debtor hereto shall
evidence its request that we pay the Purchase Price to you and to charge its account with us for the payment.

 

 

	 	Sincerely
    yours,	 
	 	 	 
	 	SouthStar
    Financial, LLC	 
	 	By:	 
	 	 	Susan
    E. Linney
	 	 	Chief
    Operating Officer

 

 

ACKNOWLEDGED:

 

Client’s
Name

 

Signature:

 

By:

Its:

 

ACCEPTED
AND AGREED TO:

 

[insert
name of supplier]

 

By:

Printed
Name:

Title:

 

    25

     

    

 

OFFICER’S
CERTIFICATE

 

We,
Nadir Ali, Douglas Cole and Zaman Khan, Directors of Sysorex, Inc. (the “Company”), and, as such, duly authorized
officers of the Company, DO HEREBY CERTIFY, in our official capacity and not individually, that:

 

1.
This Certificate is furnished in connection with that certain Non-Recourse Factoring Agreement, Confession of Judgment and all
ancillary documents, instruments and agreements, (the “Transaction Documents”), each as may be amended, restated,
supplemented, renewed, replaced or otherwise modified from time to time.

 

2.
Each of the persons named below is the duly elected, qualified and acting officer of the Company, holding the office set opposite
his/her name, and the signature set opposite his/her name is his/her genuine signature.

 

	NAME	OFFICE/TITLE	SIGNATURE
	 	 	 
	Nadir
    Ali	Director	 
	 	 	 
	Douglas
    Cole	Director	 
	 	 	 
	Zaman
    Khan	Director,
    President	 
	 	&
    Chief Executive Officer	 
	 	 	 
	Vincent
    Loiacono	Chief
    Financial Officer	 

 

3.
In our capacity as Directors of the Company, we hereby certify, as required by the Non-Recourse Factoring Agreement, Confession
of Judgment and all ancillary documents, instruments and agreements that the representations and warranties given by the Company
in the Transaction Documents are true and correct in all respects as of the date hereof, and that the Company has performed and
complied with all material covenants, agreements, obligations and conditions contained in the Transaction Documents that are required
to be performed or complied with by the Company on or before the date hereof.

 

4.
Attached hereto as Exhibit A is a true and correct copy of the Articles of Organization of the Company filed with
the Secretary of State of Nevada, together with any amendments thereto adopted through the date hereof, certified by the Secretary
of State of Nevada, as of the most recent practicable date, and such Articles of Organization (i) has not been amended, altered
or modified (except as set forth therein), (ii) is in full force and effect on and as of the date of this Certificate, and (iii)
no proceeding or other action has been taken for the amendment of the Certificate of Incorporation of the Company and no proceeding
or other action has been taken for the liquidation or dissolution of the Company and no such proceeding or action is pending.

 

5.
Attached hereto as Exhibit B is a true and correct copy of the Operating Agreement/By-Laws of the Company and such
Operating Agreement/By-Laws (i) has not been amended, altered or modified (except as set forth therein) and (ii) is in full force
and effect on and as of the date of this Certificate.

 

6.
Attached hereto as Exhibit C is a true and correct copy of resolutions adopted by the members and managers of the
Company, approving the Transaction Documents and the transactions contemplated thereunder, which resolutions are in full force
and effect on the date hereof and have not been amended, modified, supplemented or revoked.

 

7.“Attached
hereto as Exhibit D is a true and correct copy of the Certificate of Good Standing of the Company duly certified
by the State of Nevada, on 06/11/2020, which Certificate of Good Standing is in full force and effect on the date hereof and has
not been revoked.

 

IN
WITNESS WHEREOF, I have hereunto set my hand as of 06/11/2020.

 

 

 

	 	(Signature)
	 	By:Nadir
    Ali
	 	Its:Director
	 	 
	 	 
	 	(Signature)
	 	By:Douglas
    Cole
	 	Its:Director
	 	 
	 	 
	 	 
	 	(Signature)
	 	By:Zaman
    Khan
	 	Its:Director,
    President
	 	&
    Chief Executive Officer

 

    26

     

    

 

 

Exhibit
A to

Officer’s
Certificate

 

Articles
of Organization

  

[Attached]

 

    

     

    

 

Exhibit
B to

Officer’s
Certificate

 

Operating
Agreement/By-Laws

 

[Attached]

 

    

     

    

 

Exhibit
C to

Officer’s
Certificate

 

Authorizing
Resolutions

  

[Attached]

 

    

     

    

 

Exhibit
D to

Officer’s
Certificate

 

Certificate
of Good Standing

 

 [Attached]

 

    

     

    

 

CERTIFICATE
OF RESOLUTION

AUTHORIZING
SALE AND ASSIGNMENT OF ACCOUNTS

BY

Sysorex,
Inc. (“The Company”)

 

WHEREAS,
the Company is a corporation organized and existing under the laws of the State of Nevada, and the shareholders, officers, and/or
Directors of the Company’s Board of Directors executing this resolution below reflect all of the necessary shareholders,
officers, and/or Directors of the Board of Directors of the Company required to vote and approve all transactions with respect
to the operations and actions of the Company; and

 

WHEREAS,
the Company and its shareholders, officers, and Directors of the Company’s Board of Directors have reviewed and contemplated
the terms and conditions of the Non-Recourse Factoring Agreement, Confession of Judgment, and other related transaction documents
dated 06/11/2020

by
and between SouthStar Financial, LLC and Sysorex, Inc., a Nevada corporation (the “Factoring Documents”) for purposes
of entering into a factoring arrangement wherein SouthStar Financial, LLC agrees to extend certain capital to Company Legal Namefor
purposes of assisting in the operation of its Company’s business in return for being granted a security interest in the
accounts receivables and other assets of the Company, and have determined that it is advisable and in the best interest of the
Company to enter into and execute the Factoring Documents; and

 

WHEREAS,
the Company and its shareholders, officers, and/or Directors of the Company’s Board of Directors have reviewed and contemplated
the terms and conditions of the Factoring Documents, and understands that by virtue of the financing arrangement it is necessary
that the Company grant SouthStar Financial, LLC an Irrevocable Power of Attorney and appoint SouthStar Financial, LLC, its special
attorney in fact, or agent, with power to perform certain actions as enumerated therein on behalf of the company in order to effectuate
the agreements entered into in the Factoring Documents, and have determined that it is advisable and in the best interests of
the Company to enter into and execute the Factoring Documents; and

 

WHEREAS,
the shareholders, officers, and/or Directors of the Company’s Board of Directors and the Company have determined that it
is advisable and in the best interests of the Company to enter into and execute the Factoring Documents, the granting of the Power
of Attorney to SouthStar Financial, LLC, and all other documents necessary to effectuate the factoring arrangement and agreements
between the parties; and

 

NOW
THEREFORE IT IS HEREBY RESOLVED, that the Nonrecourse Factoring Agreement, Confession of Judgement, and other related documents
(hereinafter “Factoring Documents”) dated 06/11/2020 between Sysorex, Inc., a Nevada corporation, hereinafter referred
to as (“Company”) and SouthStar Financial, LLC, its affiliates, successors and/or assigns, as their interests may
appear, hereinafter referred to as (“Buyer” or “Purchaser”) and all other agreements and documents connected
therewith be, and the same hereby be, approved on the terms and conditions as forth therein:

 

IT
IS FURTHER RESOLVED, that an Irrevocable Power of Attorney is hereby granted to SouthStar Financial, LLC or any person designated
by SouthStar Financial, LLC, its special attorney in fact, or agent, with power to (a) receive, take, endorse, assign, deliver,
accept and deposit, in the name of Purchaser or Seller, any and all cash, checks, commercial paper, drafts, remittances and other
instruments and documents relating to the Collateral or the proceeds thereof, (b) take or bring, in the name of Purchaser or Seller,
all steps, actions, suite or proceedings deemed by Purchaser necessary or desirable to effect collection of or other realization
upon the accounts and other Collateral, (c) after an Event of Default, change the address for delivery of mail to Seller and to
receive and open mail addressed to Seller, (d) after an Event of Default, extend the time of payment of, compromise or settle
for cash, credit, return of merchandise, and upon any terms or conditions, any and all accounts or other Collateral which includes
a monetary obligation and discharge or release any account debtor or other obligator, without affecting any of the Obligations,
and (e) execute in the name of Seller and file against Seller in favor of Purchaser financing statements or amendments with respect
to the Collateral, and (f) pay any sums necessary to discharge any lien or encumbrance which is senior to Purchaser’s security
interest in the Collateral, which sums shall be included as obligations hereunder, and in connection with which sums the Late
Charge shall be due and payable, and to (g) initiate electronic debit and/or credit entries through the ACH system to any of Seller’s
accounts maintained with Depository or at any other financial institution;

 

    

     

    

 

IT
IS FURTHER RESOLVED, that any shareholder, officer, or Directors of the Board of Directors, if any, of the Company whose name(s)
is/are listed below is/are hereby authorized and directed to negotiate, agree upon, execute and deliver, from time to time, in
the name of and behalf of the Company, such agreements, amendments, addendum, schedules of assignment, account transmittals, documents,
instruments, certificates, financing statements, notices of further assurances, and to perform any and all such acts and things
as may be required by SouthStar Financial, LLC, including but not limited to the authority to enter into a Factoring Agreement,
in connection with said Factoring Documents or any other agreement or document connected therewith, in all respects and to implement
the purposes set forth in these resolutions;

 

IT
IS FURTHER RESOLVED, That the Company grants SouthStar Financial, LLC the authority to endorse its name to checks, drafts, and
other instruments payable to the Company and to receive cash therefore from any and all Customers of the Company and to endorse
checks and drafts payable to the undersigned for deposit to the account of SouthStar Financial, LLC or to any other account at
any financial institution or bank which SouthStar Financial, LLC may designate, and to retain such deposited funds or draw checks
against same as may be determined by SouthStar Financial, LLC;

 

IT
IS FURTHER RESOLVED, That the undersigned agree that no revocation of this authorization shall be binding until all account(s)
receivable and/or other obligations of the undersigned to SouthStar Financial, LLC are satisfied in full, and written notice of
revocation thereof has been actually received by SouthStar Financial, LLC designated financial institution or bank, signed jointly
by the undersigned and SouthStar Financial, LLC. Such revocation shall in all events be effective only for items received subsequent
to such mutually executed notification. Any written revocation not signed jointly by the undersigned and SouthStar Financial,
LLC shall have no force and effect;

 

IT
IS FURTHER RESOLVED, That the following named persons are authorized signatories for the Company, the signature of the undersigned
shall be binding upon the Company, and the undersigned persons are authorized to execute the Factoring Documents in favor of SouthStar
Financial, LLC:

 

	NAME:	TITLE:	SIGNATURE:
	 	 	 
	Zaman
    Khan	Director,
    President,	 
		&
    Chief Executive Officer 	 
	 	 	 
	Vincent
    Loiacono	Chief
    Financial Officer	 

 

IT
IS FURTHER RESOLVED, that these resolutions shall remain in full force and effect until written notice of their amendment or repeal
shall be received by SouthStar Financial, LLC and until all indebtedness and obligations arising our of said Factoring Documents
and all other agreements and documents connected therewith shall have been paid and satisfied in full;

 

IT
IS FURTHER RESOLVED, that the Company shall first receive the written approval and authorization of Buyer prior to the commencement
of any proceeding under any federal, state or other law relating to bankruptcy, receivership, insolvency or other debtor relief
laws initiated by or against the Company, whether voluntary or involuntary (“Insolvency Proceeding”), and should the
written consent of Buyer not be received prior to the commencement of an Insolvency Proceeding, the Company shall consent to and/or
join any filing made or position asserted by Buyer to dismiss such Insolvency Proceeding based on the Company’s failure
to receive Buyer’s written consent as required by this Resolution. For the avoidance of doubt, Company desires that this
be an absolute condition precedent, and the Company irrevocably waives, releases and forfeits any objection, opposition or other
legal right it may have whatsoever to any filing made or position asserted by Buyer based on this Resolution. As such, the Company
shall not file any pleading or other document in connection with an Insolvency Proceeding inconsistent with the provisions of
this Resolution;

 

    

     

    

 

IT
IS FURTHER RESOLVED, The undersigned, the duly constituted shareholders, officers, and/or Directors of the Board of Directors
of the Company do hereby certify that the foregoing is a true and correct copy of the resolutions duly adopted at a meeting of
the shareholders, officers, and/or Directors of the Board of Directors of the Company, duly called, noticed and held on 06/11/2020
which meeting there was at all times present and acting a quorum of the members of said constituting board, that said resolutions
are in full force and effect; and that the following is true and correct list of the present shareholders, officers, and/or Directors
of the Board of Directors of the Company;

 

IT
IS FURTHER RESOLVED, We further certify that the foregoing resolutions are within the Power of the directors, shareholders, or
officers to pass as provided by the bylaws, operating agreement, regulations, or partnership agreement of this company;

 

IT
IS FURTHER RESOLVED, We further certify that the members of this company hereunder set forth have been duly elected, and as of
the date hereof, hold the offices specified and that the signatures set forth beside each name are true and valid;

 

	Sysorex,
    Inc.	 
	(“The
    Company”)	 
	 	 
	 	 
	By:	Nadir
    Ali	 
	Its:	Director	 
	 	 	 
	Sysorex,
    Inc.	 
	(“The
    Company”)	 
	 	 
	 	 
	By:	Douglas
    Cole	 
	Its:	Director	 
	 	 	 
	Sysorex,
    Inc.	 
	(“The
    Company”)	 
	 	 
	 	 
	By:	Zaman
    Khan	 
	Its:	Director,
    President & Chief Executive Officer	 
	 	 	 
	Sysorex,
    Inc.	 
	(“The
    Company”)	 
	 	 	 
	 	 
	By:	Vincent
    Loiacono	 
	Its:	Chief
    Financial Officer	 

    

     

    

 

CERTIFICATE
OF RESOLUTION

AUTHORIZING
SALE AND ASSIGNMENT OF ACCOUNTS

BY

Sysorex
Government Services, Inc. (“The Company”)

 

WHEREAS,
the Company is a corporation organized and existing under the laws of the State of Virginia, and the shareholders, officers, and/or
Directors of the Company’s Board of Directors executing this resolution below reflect all of the necessary shareholders,
officers, and/or Directors of the Board of Directors of the Company required to vote and approve all transactions with respect
to the operations and actions of the Company; and

 

WHEREAS,
the Company and its shareholders, officers, and Directors of the Company’s Board of Directors have reviewed and contemplated
the terms and conditions of the Non-Recourse Factoring Agreement, Confession of Judgment, and other related transaction documents
dated 06/11/2020 by and between SouthStar Financial, LLC and Sysorex Government Services, Inc., a Virginia corporation (the “Factoring
Documents”) for purposes of entering into a factoring arrangement wherein SouthStar Financial, LLC agrees to extend certain
capital to Company Legal Namefor purposes of assisting in the operation of its Company’s business in return for being granted
a security interest in the accounts receivables and other assets of the Company, and have determined that it is advisable and
in the best interest of the Company to enter into and execute the Factoring Documents; and

 

WHEREAS,
the Company and its shareholders, officers, and/or Directors of the Company’s Board of Directors have reviewed and contemplated
the terms and conditions of the Factoring Documents, and understands that by virtue of the financing arrangement it is necessary
that the Company grant SouthStar Financial, LLC an Irrevocable Power of Attorney and appoint SouthStar Financial, LLC, its special
attorney in fact, or agent, with power to perform certain actions as enumerated therein on behalf of the company in order to effectuate
the agreements entered into in the Factoring Documents, and have determined that it is advisable and in the best interests of
the Company to enter into and execute the Factoring Documents; and

 

WHEREAS,
the shareholders, officers, and/or Directors of the Company’s Board of Directors and the Company have determined that it
is advisable and in the best interests of the Company to enter into and execute the Factoring Documents, the granting of the Power
of Attorney to SouthStar Financial, LLC, and all other documents necessary to effectuate the factoring arrangement and agreements
between the parties; and

 

NOW
THEREFORE IT IS HEREBY RESOLVED, that the Nonrecourse Factoring Agreement, Confession of Judgement, and other related documents
(hereinafter “Factoring Documents”) dated 06/11/2020 between Sysorex Government Services, Inc., a Virginia corporation,
hereinafter referred to as (“Company”) and SouthStar Financial, LLC, its affiliates, successors and/or assigns, as
their interests may appear, hereinafter referred to as (“Buyer” or “Purchaser”) and all other agreements
and documents connected therewith be, and the same hereby be, approved on the terms and conditions as forth therein:

 

IT
IS FURTHER RESOLVED, that an Irrevocable Power of Attorney is hereby granted to SouthStar Financial, LLC or any person designated
by SouthStar Financial, LLC, its special attorney in fact, or agent, with power to (a) receive, take, endorse, assign, deliver,
accept and deposit, in the name of Purchaser or Seller, any and all cash, checks, commercial paper, drafts, remittances and other
instruments and documents relating to the Collateral or the proceeds thereof, (b) take or bring, in the name of Purchaser or Seller,
all steps, actions, suite or proceedings deemed by Purchaser necessary or desirable to effect collection of or other realization
upon the accounts and other Collateral, (c) after an Event of Default, change the address for delivery of mail to Seller and to
receive and open mail addressed to Seller, (d) after an Event of Default, extend the time of payment of, compromise or settle
for cash, credit, return of merchandise, and upon any terms or conditions, any and all accounts or other Collateral which includes
a monetary obligation and discharge or release any account debtor or other obligator, without affecting any of the Obligations,
and (e) execute in the name of Seller and file against Seller in favor of Purchaser financing statements or amendments with respect
to the Collateral, and (f) pay any sums necessary to discharge any lien or encumbrance which is senior to Purchaser’s security
interest in the Collateral, which sums shall be included as obligations hereunder, and in connection with which sums the Late
Charge shall be due and payable, and to (g) initiate electronic debit and/or credit entries through the ACH system to any of Seller’s
accounts maintained with Depository or at any other financial institution;

 

    

     

    

 

IT
IS FURTHER RESOLVED, that any shareholder, officer, or Directors of the Board of Directors, if any, of the Company whose name(s)
is/are listed below is/are hereby authorized and directed to negotiate, agree upon, execute and deliver, from time to time, in
the name of and behalf of the Company, such agreements, amendments, addendum, schedules of assignment, account transmittals, documents,
instruments, certificates, financing statements, notices of further assurances, and to perform any and all such acts and things
as may be required by SouthStar Financial, LLC, including but not limited to the authority to enter into a Factoring Agreement,
in connection with said Factoring Documents or any other agreement or document connected therewith, in all respects and to implement
the purposes set forth in these resolutions;

 

IT
IS FURTHER RESOLVED, That the Company grants SouthStar Financial, LLC the authority to endorse its name to checks, drafts, and
other instruments payable to the Company and to receive cash therefore from any and all Customers of the Company and to endorse
checks and drafts payable to the undersigned for deposit to the account of SouthStar Financial, LLC or to any other account at
any financial institution or bank which SouthStar Financial, LLC may designate, and to retain such deposited funds or draw checks
against same as may be determined by SouthStar Financial, LLC;

 

IT
IS FURTHER RESOLVED, That the undersigned agree that no revocation of this authorization shall be binding until all account(s)
receivable and/or other obligations of the undersigned to SouthStar Financial, LLC are satisfied in full, and written notice of
revocation thereof has been actually received by SouthStar Financial, LLC designated financial institution or bank, signed jointly
by the undersigned and SouthStar Financial, LLC. Such revocation shall in all events be effective only for items received subsequent
to such mutually executed notification. Any written revocation not signed jointly by the undersigned and SouthStar Financial,
LLC shall have no force and effect;

 

IT
IS FURTHER RESOLVED, That the following named persons are authorized signatories for the Company, the signature of the undersigned
shall be binding upon the Company, and the undersigned persons are authorized to execute the Factoring Documents in favor of SouthStar
Financial, LLC:

 

	NAME:	TITLE:	SIGNATURE:
	 	 	 
	Zaman
    Khan	Chief
    Executive Officer	 
	 	&
    Authorized Representative	 
	 	 	 
	Vincent
    Loiacono	Chief
    Financial Officer	 
	 	&
    Authorized Representative	 

 

IT
IS FURTHER RESOLVED, that these resolutions shall remain in full force and effect until written notice of their amendment or repeal
shall be received by SouthStar Financial, LLC and until all indebtedness and obligations arising our of said Factoring Documents
and all other agreements and documents connected therewith shall have been paid and satisfied in full;

    

     

    

 

IT
IS FURTHER RESOLVED, that the Company shall first receive the written approval and authorization of Buyer prior to the commencement
of any proceeding under any federal, state or other law relating to bankruptcy, receivership, insolvency or other debtor relief
laws initiated by or against the Company, whether voluntary or involuntary (“Insolvency Proceeding”), and should the
written consent of Buyer not be received prior to the commencement of an Insolvency Proceeding, the Company shall consent to and/or
join any filing made or position asserted by Buyer to dismiss such Insolvency Proceeding based on the Company’s failure
to receive Buyer’s written consent as required by this Resolution. For the avoidance of doubt, Company desires that this
be an absolute condition precedent, and the Company irrevocably waives, releases and forfeits any objection, opposition or other
legal right it may have whatsoever to any filing made or position asserted by Buyer based on this Resolution. As such, the Company
shall not file any pleading or other document in connection with an Insolvency Proceeding inconsistent with the provisions of
this Resolution;

 

IT
IS FURTHER RESOLVED, The undersigned, the duly constituted shareholders, officers, and/or Directors of the Board of Directors
of the Company do hereby certify that the foregoing is a true and correct copy of the resolutions duly adopted at a meeting of
the shareholders, officers, and/or Directors of the Board

of
Directors of the Company, duly called, noticed and held on 06/11/2020which meeting

there
was at all times present and acting a quorum of the members of said constituting board, that said resolutions are in full force
and effect; and that the following is true and correct list of the present shareholders, officers, and/or Directors of the Board
of Directors of the Company;

 

IT
IS FURTHER RESOLVED, We further certify that the foregoing resolutions are within the Power of the directors, shareholders, or
officers to pass as provided by the bylaws, operating agreement, regulations, or partnership agreement of this company;

 

IT
IS FURTHER RESOLVED, We further certify that the members of this company hereunder set forth have been duly elected, and as of
the date hereof, hold the offices specified and that the signatures set forth beside each name are true and valid;

 

	Sysorex
    Government Services, Inc.	 
	(“The
    Company”)	 
	 	 	 
	 	 
	By:	Sysorex,
    Inc.	 
	Its:	Sole
    Stockholder	 

 

	 	By:	Nadir
    Ali	 
	 	Its:	Director	 

 

	Sysorex
    Government Services, Inc.	 
	(“The
    Company”)	 
	 	 	 
	 	 
	By:	Sysorex,
    Inc.	 
	Its:	Sole
    Stockholder	 

 

	 	By:	Douglas
    Cole	 
	 	Its:	Director	 

 

 

    

     

    

 

	Sysorex
    Government Services, Inc.	 
	(“The
    Company”)	 
	 	 	 
	 	 
	By:	Sysorex,
    Inc.	 
	Its:	Sole
    Stockholder	 

 

	 	By:	Zaman
    Khan	 
	 	Its:	Director,
    President & Chief Executive Officer	 

 

	Sysorex
    Government Services, Inc.	 
	(“The
    Company”)	 
	 	 	 
	 	 
	By:	Sysorex,
    Inc.	 
	Its:	Sole
    Stockholder	 

 

	 	By:	Vincent
    Loiacono	 
	 	Its:	Chief
    Financial Officer	 

 

    

     

    

 

VALIDITY
OF COLLATERAL GUARANTY

 

THIS
VALIDITY OF COLLATERAL GUARANTY, entered into as of the date set forth below (the “Validity Guaranty”), by and between
SouthStar Financial, LLC, its affiliates, successors and/or assigns (the "Purchaser") and Sysorex, Inc. and Sysorex
Government Services, Inc. (collectively, the "Seller"), and in order to induce the Purchaser to purchase certain Purchased
Accounts, in consideration of the purchases made by Purchaser, and for other good and valuable consideration, receipt and sufficiency
of which is hereby acknowledged, the undersigned (the "Guarantor") hereby individually, or jointly and severally guarantees
and covenants with Purchaser that:

 

		1.	All
                                         Purchased Accounts under the Nonrecourse Factoring and Security

Agreement
dated 06/11/2020, including all amendments, modifications, addenda, and

supplements
thereto (collectively, the “Factoring Agreement”), are and will be subsisting, valid, genuine and authentic Accounts.
Each and every Purchased Account shall represent bona fide existing obligations of the Account Debtors in the ordinary course
of business which will be due and owing by the Account Debtors, without knowledge of any right to offset, recoupment, abatement
or counterclaim and in accordance with the terms set forth on the invoice.

 

2.                  
Any proceeds from Purchased Accounts received by Seller shall be held in trust as the property of the Purchaser and will be immediately
delivered to Purchaser in the identical form as received by Seller.

 

3.                  
At the request of Purchaser, the Guarantor will assist Purchaser in the collection and liquidation of the Purchased Accounts or
other assigned Accounts. Purchaser shall use reasonable commercial efforts to affect collection of the Purchased Accounts or Accounts;
provided however, Purchaser’s inability to affect such collection shall not relieve the Guarantor of its obligations hereunder.
In the event that a Purchased Account is not paid by the Account Debtor within forty-five (45) days of the invoice date, within
five (5) days of the notice to Seller, Purchaser can require Seller to repurchase such Purchased Account, or Purchaser can require
Seller to substitute additional Accounts in an equal or greater value for such Purchased Account.

 

4.
The guaranty provided for under this Validity Guaranty shall secure each and every obligation and debt of the Seller under any
and all agreements between the Seller and the Purchaser, including – but not limited to – the Factoring Agreement.
Upon the occurrence of an event of default under the Factoring Agreement or this Validity Guaranty, such event of default shall
be deemed an event of default under any and all agreements between the parties, and the Purchaser, in its sole discretion, shall
be entitled to assert any and all rights and remedies against the Seller or the Guarantor. This section is specifically intended
by the parties to be a cross- collateralization and cross-default provision so the collection rights, collateral and other property
set forth in one agreement secures the debts and obligations of the other agreements, and vice- versa. This Validity Guaranty
shall be deemed to have been made and accepted in Charleston County, South Carolina, and shall be interpreted and the rights and
liabilities of the undersigned determined in accordance with the internal laws of the State of South Carolina. Each of the undersigned
hereby consents and submits to the jurisdiction of any federal or state court located within South Carolina for the purpose of
any suit brought hereunder.

 

    

     

    

 

5.                  
All capitalized terms used in this Validity Guaranty shall have the meaning prescribed in the Factoring Agreement if not otherwise
defined herein.

 

IN
WITNESS WHEREOF, this Validity Guaranty has been duly executed and delivered by the undersigned Guarantor this 11th day of June    ,
2020.

 

	GUARANTOR:	 
	 	 	 
	 	 
	(Guarantor’s Signature)	 
	By:	Zaman Khan	 
	Address:	9024 Haywood Ave., Lorton, VA 22079	 

 

    

     

    

 

VALIDITY
OF COLLATERAL GUARANTY

 

THIS
VALIDITY OF COLLATERAL GUARANTY, entered into as of the date set forth below (the “Validity Guaranty”), by and between
SouthStar Financial, LLC, its affiliates, successors and/or assigns (the "Purchaser") and Sysorex, Inc. and Sysorex
Government Services, Inc. (collectively, the "Seller"), and in order to induce the Purchaser to purchase certain Purchased
Accounts, in consideration of the purchases made by Purchaser, and for other good and valuable consideration, receipt and sufficiency
of which is hereby acknowledged, the undersigned (the "Guarantor") hereby individually, or jointly and severally guarantees
and covenants with Purchaser that:

 

1.
All Purchased Accounts under the Nonrecourse Factoring and SecurityA greement dated 06/11/2020, including all amendments,
modifications, addenda, and supplements thereto (collectively, the “Factoring Agreement”), are and will be subsisting,
valid, genuine and authentic Accounts. Each and every Purchased Account shall represent bona fide existing obligations of the
Account Debtors in the ordinary course of business which will be due and owing by the Account Debtors, without knowledge of any
right to offset, recoupment, abatement or counterclaim and in accordance with the terms set forth on the invoice.

 

2.                  
Any proceeds from Purchased Accounts received by Seller shall be held in trust as the property of the Purchaser and will be immediately
delivered to Purchaser in the identical form as received by Seller.

 

3.                  
At the request of Purchaser, the Guarantor will assist Purchaser in the collection and liquidation of the Purchased Accounts or
other assigned Accounts. Purchaser shall use reasonable commercial efforts to affect collection of the Purchased Accounts or Accounts;
provided however, Purchaser’s inability to affect such collection shall not relieve the Guarantor of its obligations hereunder.
In the event that a Purchased Account is not paid by the Account Debtor within forty-five (45) days of the invoice date, within
five (5) days of the notice to Seller, Purchaser can require Seller to repurchase such Purchased Account, or Purchaser can require
Seller to substitute additional Accounts in an equal or greater value for such Purchased Account.

 

4.
The guaranty provided for under this Validity Guaranty shall secure each and every obligation and debt of the Seller under any
and all agreements between the Seller and the Purchaser, including – but not limited to – the Factoring Agreement.
Upon the occurrence of an event of default under the Factoring Agreement or this Validity Guaranty, such event of default shall
be deemed an event of default under any and all agreements between the parties, and the Purchaser, in its sole discretion, shall
be entitled to assert any and all rights and remedies against the Seller or the Guarantor. This section is specifically intended
by the parties to be a cross- collateralization and cross-default provision so the collection rights, collateral and other property
set forth in one agreement secures the debts and obligations of the other agreements, and vice- versa. This Validity Guaranty
shall be deemed to have been made and accepted in Charleston County, South Carolina, and shall be interpreted and the rights and
liabilities of the undersigned determined in accordance with the internal laws of the State of South Carolina. Each of the undersigned
hereby consents and submits to the jurisdiction of any federal or state court located within South Carolina for the purpose of
any suit brought hereunder.

 

    

     

    

 

5.                  
All capitalized terms used in this Validity Guaranty shall have the meaning prescribed in the Factoring Agreement if not otherwise
defined herein.

 

IN
WITNESS WHEREOF, this Validity Guaranty has been duly executed and delivered by the undersigned Guarantor this 11 day of June   ,
2020.

 

 

	GUARANTOR:	 
	 	 	 
	 	 
	(Guarantor’s Signature)	 
	By:	Vincent Loiacono	 
	Address:	2603 Spartan Road Olney, MD 20832	 

 

    

     

    

  

 

 

AUTHORIZATION
TO RELEASE INFORMATION

BLANKET
AUTHORIZATION

 

	Business
    Name:	Sysorex,
    Inc. & Sysorex Government Services, Inc.
	 	 
	Business
    Address:	13880
    Dulles Corner Lane, Suite 175
	 	 
	 	Herndon,
    VA 20171
	 	 
	Business
    Telephone:	703-995-4634 

  

I,
Zaman Khan, authorize all trade references, sources, banking and financial institutions, credit reporting agencies, and
any other resource deemed necessary to release credit information to SouthStar Financial, LLC or its designee(s). A photocopy,
facsimile copy, scanned copy, or any other electronic form of this document shall remain as valid as the original.

  

I,
Zaman Khan, authorize all insurance agents to list SouthStar Financial, LLC or its designee(s) as additional insured on
our General Liability Policy and loss payee on our Commercial Auto Policy.

  

Applicant
acknowledges that SouthStar Financial, and /or its affiliates, successors and assigns, may conduct a credit investigation on applicant
at any time throughout the contract term.

  

	Thank you for your assistance.	 
	 	 	 
	Client Name:	Sysorex, Inc. & Sysorex Government Services, Inc.	 
	 	 	 
	Signature:	 	 
	 	 	 
	Printed
    Name: 	Zaman
    Khan 	 
	 	 	 
	Date:	06/11/2020	 

 

 

840
Lowcountry Blvd. • Mount Pleasant, SC 29464 • (800) 763-3021

Charleston,
SC (HQ) • Atlanta, GA • Charlotte, NC • Greenville, SC

    

     

    

  

 

AUTHORIZATION
TO RELEASE INFORMATION

BLANKET
AUTHORIZATION

 

	Business
    Name:	Sysorex,
    Inc. & Sysorex Government Services, Inc.
	 	 
	Business
    Address:	13880
    Dulles Corner Lane, Suite 175
	 	 
	 	Herndon,
    VA 20171
	 	 
	Business
    Telephone: 	703-995-4634

 

 

I,
Vincent Loiacono, authorize all trade references, sources, banking and financial institutions, credit reporting agencies,
and any other resource deemed necessary to release credit information to SouthStar Financial, LLC or its designee(s). A photocopy,
facsimile copy, scanned copy, or any other electronic form of this document shall remain as valid as the original.

  

I,
Vincent Loiacono, authorize all insurance agents to list SouthStar Financial, LLC or its designee(s) as additional insured
on our General Liability Policy and loss payee on our Commercial Auto Policy.

  

Applicant
acknowledges that SouthStar Financial, and /or its affiliates, successors and assigns, may conduct a credit investigation on applicant
at any time throughout the contract term.

 

	Thank you for your assistance.	 
	 	 	 
	Client Name:	Sysorex, Inc. & Sysorex Government Services, Inc.	 
	 	 	 
	Signature:	 	 
	 	 	 
	Printed
    Name: 	Vincent
    Loiacono	 
	 	 	 
	Date:	06/11/2020	 

  

 

840
Lowcountry Blvd. • Mount Pleasant, SC 29464 • (800) 763-3021

Charleston,
SC (HQ) • Atlanta, GA • Charlotte, NC • Greenville, SC

    

     

    

 

 

 

	 	FUNDING
    INSTRUCTIONS	 

 

Sysorex,
Inc. & Sysorex Government Services, Inc.

 

Welcome
to SouthStar! We look forward to this new partnership and working together to ensure your current and future growth. Below are
instructions regarding our funding processes:

 

1).   
If you will not be coming into one of our offices for closing, please scan and email a copy of the signed, notarized documents
to your Closing Coordinator. In addition, please overnight the original documents to our corporate office at 840 Lowcountry Blvd.,
Mount Pleasant, SC 29464.

 

The
original documents must be sent to our corporate office no later than the next business day following execution.

 

2). 
For existing invoices, assemble copies of all invoices to be factored, along with all support information (signed delivery tickets,
trip tickets, purchase orders, employee timesheets, etc.)

 

Exclude
invoices:

 

		A)	Subject
                                         to any dispute, offset or those over 45 days old.
		B)	For
                                         customers with whom you buy and sell products or services.
		C)	Not
                                         approved for funding by SouthStar Financial.

 

3). 
We ask that you contact all customers for which we will be factoring invoices prior to funding. Please inform them of our relationship,
and let them know we will be contacting them shortly. This will promote a smooth transition for your customer and help us to serve
you better.

 

4).
You must prominently place our remittance address onto your original invoices:

 

SouthStar
Financial, LLC

P.O.
Box 2323

Mount
Pleasant, SC 29465

 

5).
Funding is usually available within 24 hours of receipt of your invoice(s) and required supporting documentation.

 

6). 
Refunds from your reserve account on paid invoices will be returned to you semi-monthly provided that you have no existing disputed
invoices or invoices outstanding beyond 60 days from original invoice date.

 

 

7). 
Your account information is available through our online software, FactorFox. You can access the software through our website,
www.southstarcapital.com, and then click Client Login at the top right. Your login information is as follows:

 

Username:
vincent.loiacono@sysorexinc.com

Password:
Sysorex20!

 

8). 
All future funding should be uploaded to our ShareFile website. Please include customer contact information, invoices or statements,
along with a copy of all support documentation. The website is http:// southstarcapital.sharefile.com, and your login information
is as follows:

 

Username:
vincent.loiacono@sysorexinc.com

Password:
Sysorex20!

 

    

     

    

 

 

 

	 	WIRING INSTRUCTIONS
	 

Sysorex,
Inc. & Sysorex Government Services, Inc.

 

Please
indicate below how funds are to be delivered to your company (check one):

 

Hold
check at SouthStar office for pick-up

 

Send
check via regular mail

 

ü
Wire transfer funds to my account ($25 charge). Attach voided check.

 

Wiring
Instructions – Please complete

 

EXACT
Name on Bank Account: Inpixon Federal

 

Address
on Bank Account: 13880 Dulles Corner Lane Suite 175 Herndon, VA 20171

 

Bank
Name: Wells Fargo Bank, N.A

 

Bank
Telephone #: 415-396-7392

 

Bank
Address, City, State, Zip: 464 California St, San Francisco, CA 94104

 

Bank
Account #: 000004351745021

 

Routing
# (wire): 121000248

 

Routing
# (ACH): 121000248

  

	Signature:	 	 
	 	 	 
	Date:	06/11/2020	 

  

*A
fee of up to 5% will be charged if the information provided is not correct and results in a returned wire.

 

    

     

    

 

 

 

ACH
AUTHORIZATION FORM

 

IMAGE
OMITTEDDated: 06/11/2020

 

Customer
Name: Sysorex, Inc. & Sysorex Government Services, Inc.

 

Customer
Address: 13880 Dulles Corner Lane, Suite 175, Herndon, VA 20171

 

The
Customer identified above hereby authorizes SouthStar Financial, LLC (the “Company”) to initiate entries into my deposit,
checking or savings accounts with the financial institution identified below (the “Financial Account”).

 

 

	Financial
    Account Information
	 
	Name
    of Financial Institution	Wells
    Fargo Bank, N.A.
	Address
    of Financial Institution	464
    California St. San Fransico, CA 94104
	Checking
    or Savings	Checking
	Exact
    Name on Account	Inpixon
    Federal
	Routing/ABA
    Number:	121000248
	Account
    Number:	000004351745021

 

The
Customer acknowledges that the origination of ACH transactions to the Financial Account must comply with the provisions of U.S.
law. The Customer agrees to be bound by the ACH Rules as set forth by NACHA. The Customer further agrees that these Financial
Accounts remain subject to their individual terms and conditions, rules and regulations imposed by the respected financial institution.

 

 

	Signature:
     	 	 
	 	 	 
	By:
    	Vincent
    Loiacono	 
	 	 	 
	Title:
    	Chief
    Financial Officer	 

 

**Please
attach a voided check**

    

     

    

 

 

 

CONTACT
INFORMATION

 

(Please
include all owners and staff that we will be working with)

 

Name:
Zaman Khan

Office
Phone #: 7035547008

Cell
Phone #: 7035547008

Home
Phone #: 7035547008

Email
Address: zaman.khan@sysorexinc.com

Position:
CEO

  

Name:
Vincent Loiacono

Office
Phone #: 703-935-1588 x3018 C

ell
Phone #: 703-894-8059

Home
Phone #:NA

Email
Address: vincent.loiacono@sysorexinc.com

Position:
CFO

  

Name:
Nadir Ali

Office
Phone #: 408-702-2162

Cell
Phone #: 650-245-0053

Home
Phone #: 650-245-0053

Email
Address: nali06@gmail.com

Position:
Director

 

Name:
Douglas D Cole

Office
Phone #: 925-989-9900

Cell
Phone #: 925-989-9900

Home
Phone #: 925-989-9900

Email
Address: dougcole@mac.com

Position:
Director

 

 

840
Lowcountry Blvd. • Mount Pleasant, SC 29464 • (800) 763-3021

Charleston,
SC (HQ) • Atlanta, GA • Charlotte, NC • Greenville, SC

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