Document:

Exhibit 10.1

 

SETTLEMENT AND RELEASE AGREEMENT

 

This Settlement and Release
Agreement (the “Agreement”) is entered into as of January 13, 2022, by and between Tech Data Corporation (“Tech
Data”) and Sysorex, Inc. f/k/a Inpixon USA (“Sysorex”). Tech Data and the Sysorex are referred to collectively
as the “Parties.”

 

RECITALS

 

A. On
or about September 24, 2021, the Superior Court of the State of California, County of Santa Clara (“Santa Clara Superior Court”),
entered a Judgment (the “California Judgment”) in favor of Tech Data and against Sysorex, in Case No. 21CV387026 (the
“California Action”) in the amount of $5,942,559.05. 

 

B. Tech
Data has domesticated the California Judgment in Virginia. On or about December 9, 2021, the Virginia Circuit Court of Fairfax County
provided a Notice of Filing of Judgment Number 639744 entered in favor of Tech Data and against Sysorex, Misc. Law 85602 (the “Virginia
Domesticated Judgment”).

 

C. The
Parties have exchanged information and support for their respective positions. As a result thereof, the Parties have reached a compromise
and settlement involving all matters regarding the California Judgment and the Virginia Domesticated Judgment. To avoid further expense
and delay, and the uncertainty in collection, Tech Data and the Sysorex have agreed to the following settlement to resolve all disputes
between them. 

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of these promises and the mutual covenants set forth herein and for valuable and mutual consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows in order to avoid the costs and uncertainties of
litigation:

 

1. Settlement
Amount. In consideration for the agreements, obligations, promises and covenants contained herein, Sysorex shall pay, by wire transfer,
to Tech Data the aggregate gross amount of One Million Three Hundred Seventy-Five Thousand Dollars ($1,375,000.00) (the “Settlement
Amount”) within twenty-four (24) hours after (i) the full execution of this Agreement and (ii) receipt by Sysorex from
Tech Data, through counsel, Tech Data’s wire information and form W-9.

 

2. Satisfaction
of Judgment. Within twenty-four (24) hours after receipt by Tech Data of the Settlement Amount, Tech Data shall file in the California
Action an Acknowledgement of Satisfaction of Judgment, Full, in substantially the form attached as Exhibit “1” hereto (the
“Satisfaction of Judgment”). Tech Data shall serve a copy of the Satisfaction of Judgment on Sysorex and provide forthwith
to Sysorex, through counsel, (i) a courtesy conformed copy of the filed Satisfaction of Judgment by electronic mail and (ii) three original
notarized copies of the Satisfaction of Judgment by overnight or express delivery. After receipt of the Settlement Amount, Tech Data shall
take no further action against Sysorex in connection with or relating to the California Judgment, the California Action and/or the Virginia
Domesticated Judgment, including but not limited to, any enforcement or collection activities and shall cease any such activities to the
extent already commenced. Tech Data represents and warrants to Sysorex that it has not domesticated the California Judgment in any other
jurisdiction and shall not do so henceforth. Tech Data further represents and warrants to Sysorex that it has not filed or recorded the
California Judgment or the Virginia Domesticated Judgment in any real property records, with any secretary of state or other governmental
unit for the purpose of enforcing of the California Judgment and/or Virginia Domesticated Judgment.

 

     

     

    

 

3. Tech
Data’s Releases. 

 

a. Upon
the full execution of this Agreement by the Parties and the receipt of the Settlement Amount, except as to such rights, obligations or
claims arising under or preserved by this Agreement, Tech Data hereby releases and forever discharges, on Tech Data’s behalf, and
on behalf of Tech Data’s current and former representatives, attorneys, trustees, insurers, employees, agents, subsidiaries, parents
and related entities, predecessors, successors and assigns, Sysorex and each of its current and former representatives, directors, officers,
shareholders, attorneys, trustees, insurers, employees, agents, subsidiaries, parents and related entities, predecessors, successors,
and assigns (“Tech Data Releasees”) from any and all claims, demands, costs, liabilities, obligations, suits, actions
and causes of action of any and every nature, kind or description, whether legal or equitable, known or unknown, liquidated or unliquidated,
contingent or non-contingent, suspended or unsuspended, including the Judgment, which Tech Data ever had, now has, or hereafter may have
based upon or by reason of, in whole or in part, any act or omission to act, transaction, practice, or conduct existing at any time before
the date of this Agreement against Sysorex (the “Tech Data Released Claims”).

 

b. Waiver
of Civil Code Section 1542. With respect to Tech Data Released Claims, Tech Data hereby knowingly, voluntarily and expressly waives
any and all rights that Tech Data may have against Sysorex pursuant to Section 1542 of the California Civil Code or any similar statute,
common law or equitable rule. Section 1542 of the California Civil Code reads as follows:

 

A
general release does not extend to claims which the creditor OR RELEASING PARTY does not know or suspect to exist in his or her favor
at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor
OR RELEASED PARTY.

 

It is Tech Data’s intention
that upon the full execution of this Agreement by the Parties and receipt of the Settlement Amount, this Agreement will forever bar all
of the Tech Data Released Claims, including but not limited to, claims which Tech Data does not know or suspect to exist in Tech Data’s
favor at the time of executing this Agreement, which if known must have materially affected this Agreement. Tech Data acknowledges that
it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to the matters released
hereunder, and agrees that this Agreement and the releases provided above shall remain effective in all respects notwithstanding the discovery
or existence of any such different or additional facts.

 

Tech Data intends, in executing
this Agreement and doing the acts called for herein, that this Agreement constitutes a covenant not to sue, a full and final accord and
satisfaction and settlement of and a bar to each and every one of the Tech Data Released Claims hereby released.

 

    2

     

    

 

4. Sysorex’s
Releases. 

 

a. Sysorex
previously agreed to release of certain claims it may have against Tech Data pursuant to the Mutual Release (defined below). This notwithstanding,
upon the full execution of this Agreement by the Parties and the filing of the Satisfaction of Judgment, except as to such rights, obligations
or claims arising under or preserved by this Agreement, Sysorex hereby releases and forever discharges, on Sysorex’s behalf and
on behalf of the Sysorex’s representatives, directors, officers, shareholders, attorneys, trustees, insurers, employees, agents,
predecessors, successors and assigns, Tech Data, and each of its respective current and former representatives, attorneys, trustees, insurers,
agents, predecessors, successors, and assigns from any and all claims, demands, costs, liabilities, obligations, suits, actions and causes
of action of any and every nature, kind or description, whether legal or equitable, known or unknown, liquidated or unliquidated, contingent
or non-contingent, suspended or unsuspended, which Sysorex ever had, now has, or hereafter may have based upon or by reason of, in whole
or in part, any act or omission to act, transaction, practice, or conduct existing at any time before the date of this Agreement against
Tech Data (“Sysorex Released Claims”).

 

b. Waiver
of Civil Code Section 1542. With respect to the Sysorex Released Claims, Sysorex hereby knowingly, voluntarily and expressly waives
any and all rights that Sysorex may have against Tech Data pursuant to Section 1542 of the California Civil Code or any similar statute,
common law or equitable rule. Section 1542 of the California Civil Code reads as follows:

 

A
general release does not extend to claims which the creditor OR RELEASING PARTY does not know or suspect to exist in his or her favor
at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor
OR RELEASING PARTY.

 

It is Sysorex’s intention
that upon the full execution of this Agreement by the Parties and the filing of the Satisfaction of Judgment, this Agreement will forever
bar all of the Sysorex Released Claims, including but not limited to claims which Sysorex does not know or suspect to exist in Sysorex’s
favor at the time of executing this Agreement, which if known must have materially affected this Agreement. Sysorex acknowledges that
it may hereafter discover facts different from or in addition to those now known or believed to be true with respect to the matters released
hereunder, and agrees that this Agreement and the releases provided above shall remain effective in all respects notwithstanding the discovery
or existence of any such different or additional facts.

 

    3

     

    

 

Sysorex intends, in executing
this Agreement and doing the acts called for herein, that this Agreement constitutes a covenant not to sue, a full and final accord and
satisfaction and settlement of and a bar to each and every one of the Sysorex Released Claims hereby released.

 

5. Representations
and Warranties by Tech Data. Tech Data represents and warrants to Sysorex that:

 

a. Tech
Data has all requisite power and authority to execute, deliver and perform this Agreement and the transactions contemplated herein and
the execution, delivery and performance by it of this Agreement and the consummation of the transactions contemplated herein have been
duly authorized by all necessary action on the part of Tech Data;

 

b. The
execution, delivery and performance by Tech Data of this Agreement and the consummation of the transactions contemplated herein will not,
with or without the giving of notice or the lapse of time, or both, require any consent, approval, authorization, exemption or waiver,
violate any provision of any law, rule, regulation or any order, judgment or decree to which Tech Data may be subject; or conflict with,
or result in, a breach or default under any term or condition of any agreement or instrument to which Tech Data is a party to which Tech
Data may be bound; 

 

c. Tech
Data has freely and voluntarily entered into this Agreement and has been fully advised by its attorneys concerning its rights and has
further been advised by its attorneys as to the terms and effects of this Agreement; and

 

d. Except
as expressly stated herein, Tech Data has not assigned or otherwise transferred all or any portion of any claim pertaining to Tech Data
Released Claims, including the Judgment, to any person or entity. In the event any claims are made by any third persons or entities based
upon any purported assignment or transfer of Tech Data Released Claims, then Tech Data agrees to indemnify and hold harmless Sysorex from
any said claims being made.

 

6. Representations
and Warranties by Sysorex. Sysorex represents and warrants to Tech Data that:

 

a. Sysorex
has all requisite power and authority to execute, deliver and perform this Agreement and the transactions contemplated herein and the
execution, delivery and performance by it of this Agreement and the consummation of the transactions contemplated herein have been duly
authorized on the part of Sysorex;

 

b. The
execution, delivery and performance by Sysorex of this Agreement and the consummation of the transactions contemplated herein will not,
with or without the giving of notice or the lapse of time, or both, require consent, approval, authorization, exemption or waiver, violate
any provision of law, rule or regulation to which Sysorex may be subject or any order, judgment or decree to which Sysorex may be subject,
or conflict with, or result in, a breach or default under, any term or condition of any agreement or instrument to which Sysorex is a
party or by which Sysorex may be bound; 

 

c. Sysorex
has freely and voluntarily entered into this Agreement and has been fully advised by its attorneys concerning its rights and has further
been advised by its attorneys as to the terms and effects of this Agreement; 

 

    4

     

    

 

d. Except
as expressly stated herein, Sysorex has not assigned or otherwise transferred all or any portion of any claim pertaining to Sysorex’s
Released Claims to any person or entity. In the event any claims are made by any third persons or entities based upon any purported assignment
or transfer of Sysorex’s Released Claims, then Sysorex agrees to indemnify and hold harmless Tech Data from any said claims being
made; and

 

e. Sysorex
agrees to indemnify, defend and hold harmless the Tech Data Releasees and each of their respective directors, officers, managers, partners,
employees, agents, equity holders, attorneys, successors and assigns (each, an “Indemnified Party”), from and against
any and all actual or alleged claims, losses, fees or damages incurred or suffered by any Indemnified Party arising out of, based upon
or stemming from the holders of those certain 12.5% Original Issue Discount Senior Secured Convertible Debentures issued by Sysorex beginning
on July 7, 2021. 

 

7. Acknowledgments
of Sysorex. Sysorex acknowledges that Tech Data obtained the California Judgment in the amount of $5,942,559.52 but asserts it made
an additional payment to Tech Data in the amount of $334,180.18 for the June 1, 2019 installment. Sysorex further acknowledges that Tech
Data obtained the California Judgment pursuant to a confession of judgment that it previously agreed to in conjunction with: (i) that
certain Mutual Release and Settlement Agreement by and between AVT Technology Solutions, LLC, Tech Data Corporation, and Tech Data Government
Solutions, LLC f/k/a Avnet Government Solutions, LLC, on the one hand, and Inpixon USA n/k/a Sysorex, Inc. (together with its subsidiary,
Inpixon Federal, Inc. n/k/a Sysorex Government Services, Inc.) and Inpixon f/k/a Sysorex Global, on the other hand (the “Mutual
Release”); and (ii) that certain Promissory Judgment Note in the principal amount of $6,849,423.42 made by Sysorex, Inc. to the
order of Tech Data Corporation. Sysorex acknowledges that it is receiving a release by Tech Data of approximately $4.2 million in liabilities
pursuant to this Agreement, and accordingly, is receiving fair value in exchange for the payment of the Settlement Amount. Tech Data asserts
this amount to be approximately $4.6 million.

 

8. Remedies
for Breach of Agreement: Each actual breach of this Agreement, including without limitation by breach of any representation or warranty
by the Parties herein shall generate a claim that may be asserted against the breaching Party, in favor of the aggrieved Party for all
actual damages and injuries incurred as a result thereof, if any, and as determined by a court of competent jurisdiction. 

 

9. Intended
Beneficiaries. Except as otherwise provided herein, this Agreement is not intended for the benefit of any third parties.

 

10. Waivers
and Amendments. A provision of this Agreement may be waived only by a writing signed by the waiving Party, and a provision may be
amended only by a writing signed by all Parties to this Agreement.

 

    5

     

    

 

11. Further
Cooperation. The Parties agree to take such further acts and execute such additional documents as may be necessary or appropriate
to carry out the provisions and purposes of this Agreement.

 

12. Successors
and Assigns. This Agreement shall inure to the benefit of the Parties hereto and their respective, representatives, administrators,
successors, trustees in bankruptcy, and assigns and each and every entity which now or ever was a division, parent, successor, predecessor,
subsidiary or related entity of any kind for each Party and its respective legal successors and assigns.

 

13. Costs
and Fees. Each party agrees to bear the expense of its own attorney’s fees and costs in connection with this Agreement and the
disputes settled by this Agreement. However, if any proceeding is brought to enforce or interpret any provision of this Agreement, or
the rights or obligations of any Party hereunder, including without limitation reliance on this Agreement as an affirmative defense to
any formal or informal claim, action, proceeding of any kind or nature, the prevailing Party shall be entitled to recover, as an element
of such Party’s costs of suit, and not as damages, all reasonable costs and expenses incurred or sustained by such prevailing Party
in connection therewith..

 

14. Interpretation.
The Parties acknowledge and agree that they all participated in drafting this Agreement. The Parties therefore agree that any statutory
provision or rule of law providing for the interpretation of an instrument against the drafting Party shall not be applicable to this
Agreement.

 

15. Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California.

 

16. Jurisdiction.
Any disputes concerning this Agreement shall be determined exclusively by any court of competent jurisdiction in the State of California
or Virginia, without a right to a jury trial. The Santa Clara Superior Court shall retain jurisdiction over the Parties, this Agreement
and the California Action for the purposes of enforcing the terms of this Agreement pursuant to California Code of Civil Procedure Section
664.6.

 

17. Parties
Bound: This Agreement is intended to be binding and enforceable and is effective the date herein. This Agreement is admissible and
subject to disclosure, despite the otherwise enforceable requirements of it, solely for the purpose of establishing in court that an agreement
has been reached by the Parties for purposes of enforcing and interpreting the Agreement. 

 

18. Headings
and Construction. Each term of this Agreement is contractual and is not merely a recital. The subject headings of the sections, paragraphs
and subparagraphs of this Agreement are included for convenience only, and shall not affect the construction or interpretation of any
of its provisions. Whenever the context so requires, the masculine gender includes the feminine and/or neuter, and the singular number
includes the plural. 

 

19. Severability.
If any term or provision of this Agreement is held to be invalid or unenforceable, the remaining portions of this Agreement will continue
to be valid and will be performed, construed and enforced to the fullest extent permitted by law, and the invalid or unenforceable term
will be deemed amended and limited in accordance with the intent of the Parties, as determined from the face of the Agreement, to the
extent necessary to permit the maximum enforceability or validation of the term or provision.

 

    6

     

    

 

20. Entire
Agreement. This Agreement constitutes the complete, exclusive, and final agreement between the Parties concerning the subject matter
hereof, and supersedes any and all other agreements, understandings, negotiations, or discussions, either oral or in writing, express
or implied, between the Parties hereto or any of their agents, shareholders, representatives or attorneys, with regard to the subject
matter, basis or effect of this Agreement. The Parties acknowledge that they have not relied on any representations, inducements, promises,
agreements, or warranties, oral or otherwise, which are not expressly embodied in this Agreement. Rather, the Parties to this Agreement
relied entirely upon their own judgment, beliefs and interest and the advice of their own counsel, and had a reasonable period of time
to consider this Agreement.

 

21. Signing
in Counterparts. This Agreement may be executed in counterparts and when each Party has signed and delivered one such counterpart
of the Agreement to the other Party, each counterpart shall be deemed an original, and all counterparts taken together shall constitute
one and the same Agreement, which shall be binding and effective as to the Parties hereto. The Agreement may be executed and delivered
by facsimile or electronic mail, which shall have the same force and effect as if the signatures were original and delivered by non-electronic
means.

 

IN WITNESS WHEREOF, the Parties
hereto evidence their agreement and have executed this Agreement as of the day and year first below written.

 

	 	Tech Data Corporation
	 	      
	Dated: January 13, 2022	By:	/s/
    Jay M. Snyder      
	 	Printed Name: 	 Jay M. Snyder
	 	Title: 	VP, Credit
	 	 	 
	 	Sysorex, Inc.
	 	 
	Dated: January 13, 2022     	By:	/s/
    Wayne Wasserberg
	 	Printed Name: 	 Wayne Wasserberg
	 	Title: 	Chief Executive Officer

 

 

7Exhibit 4.1

 

	 	SPECIMEN
    UNIT CERTIFICATE 	NUMBER
                                            UNITS

    [ACAXU]-_______

	SEE
    REVERSE FOR CERTAIN DEFINITIONS	ALSET
CAPITAL ACQUISITION CORP.
	 
	 	 	 
	 	 	CUSIP
    [*]

 

UNITS
CONSISTING OF ONE CLASS A COMMON STOCK, ONE-HALF OF ONE WARRANT AND ONE RIGHT

 

THIS
CERTIFIES THAT _________________________________________________________________________________________________

is
the owner of ________________________________________________________________________________________________ Units.

 

Each
Unit (“Unit”) consists of one Class A common stock, with a par or nominal value of US $0.0001 per share (“Common Stock”),
of Alset Capital Acquisition Corp., a Delaware corporation (the “Company”), one-half of one redeemable warrant (“Warrant”),
and one right (“Right”). Each redeemable Warrant entitles the holder thereof to purchase one share of Common Stock at a price
of $11.50 per full share (subject to adjustment), upon the later to occur of (i) one year after the date that the registration statement
for the Offering is declared effective by the SEC; and the or (ii) 30 days after consummation by the Company of a business combination.
Each right entitles the holder thereof to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of an initial
business combination. The Common Stock, Warrants and Rights comprising the Units represented by this certificate are not transferable
separately prior to the fifty-second (52nd) day after the date of the prospectus relating to the Company’s initial public offering,
unless EF Hutton, division of Benchmark Investments LLC determines that an earlier date is acceptable, but in no event will the Common
Stock and Warrants be traded separately until the Company files with the Securities and Exchange Commission (the “SEC”) a
current report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds from its
initial public offering including the proceeds received by the Company from the exercise of the over-allotment option thereto, if the
over-allotment option is exercised. If the over-allotment option is exercised after the date of the prospectus, we will file an amendment
to the Form 8-K or a new Form 8-K to provide updated financial information to reflect the exercise of the over-allotment option. We will
also include in the Form 8-K, or amendment thereto, or in a subsequent Form 8-K, information indicating if the underwriters has allowed
separate trading of the Common Stock, Warrants, and Rights prior to the 52nd day after the date of the prospectus.

 

The
terms of the Warrants are governed by a Warrant Agreement, dated as of                       , 2022, between the Company and Vstock Transfer, LLC, as Warrant
Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate
consents to by acceptance hereof. The terms of the Rights are governed by a Rights Agreement between Vstock Transfer LLC, as Rights Agent,
and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents
to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of Vstock Transfer, LLC (“Vstock”) at
18 Lafayette Place, Woodmere, NY 11598, and are available to any Warrant holder on written request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

This
certificate shall be governed and construed in accordance with the internal laws of the State of Delaware, without regard to conflicts
of laws principles thereof.

 

Witness
the facsimile signature of its duly authorized officers.

 

	By	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	President	 	 	 

 

    	 

     

    

 

Alset
Capital Acquisition Corp.

 

The
Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	 	TEN
    COM –	as
    tenants in common	UNIF
    GIFT MIN
	 	 	 	ACT
    - _____ Custodian ______
	 	TEN
    ENT –	as
    tenants by the entireties	            (Cust)
                          (Minor)
	 	JT
    TEN –	as
    joint tenants with right of survivorship	under
    Uniform Gifts to Minors
	 	 	and
    not as tenants in common	Act
    ______________
	 	 	 	(State)

 

Additional
Abbreviations may also be used though not in the above list.

 

For
value received, ___________________________ hereby sell(s), assign(s) and transfer(s) unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE(S)

 

	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP
  CODE, OF ASSIGNEE(S))
	 
	 
	 
	 

 

____________________________________________________________________________________________________Units

 

represented
by the within Certificate, and does hereby irrevocably constitute and appoint

 

___________________________________________________________________________________________________Attorney
to transfer the said Units on the books of the within named Company will full power of substitution in the premises.

 

Dated
___________

 

	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without
    alteration or enlargement or any change whatever.

 

Signature(s)
Guaranteed:

 

 

	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION	 
	(BANKS,
    STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
	MEMBERSHIP
    IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
	PURSUANT
    TO S.E.C. RULE 17Ad-15).

 

The
holder of this certificate shall be entitled to receive funds with respect to the underlying share of Common Stock from the trust fund
only in the event of the Company’s liquidation upon failure to consummate a business combination or if the holder seeks to convert
his or her respective share of Common Stock underlying the unit upon consummation of such business combination or in connection with
certain amendments to the Company’s amended and restated certificate of incorporation. In no other circumstances shall the holder
have any right or interest of any kind in or to the trust fund.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]