Document:

Document

FIRST AMENDMENT TO
LOAN AGREEMENT
FIRST AMENDMENT, dated as of December 16, 2020 (this “Amendment”) to the LOAN AGREEMENT, dated as of July 16, 2020 (as amended, supplemented or otherwise modified prior to the date hereof, the “Loan Agreement”), between CPA:18 Limited Partnership, a Delaware limited partnership (“Borrower”) and W.P. Carey Inc., a Maryland corporation (“Lender”).  
W I T N E S S E T H:
WHEREAS, Borrower has requested that the Loan Agreement be modified as herein set forth; and
WHEREAS, the Lender has agreed to modify the Loan Agreement as herein set forth solely upon the terms and conditions provided for in this Amendment.
NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
1.Defined Terms.  Unless otherwise specifically defined herein, all capitalized terms used herein shall have the respective meanings ascribed to such terms in the Loan Agreement. 
2.Definition of Commitment.  The definition of Commitment contained in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
“Commitment” means FIFTY MILLION AND 00/100 DOLLARS ($50,000,000.00) to the extent not cancelled, reduced or transferred by the Lender under this Agreement. 
3.Definition of Maturity Date.  The definition of Maturity Date contained in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows.
    “Maturity Date” means March 31, 2022. 
4.Binding Effect; Assignments and Participations. This Amendment will become effective when it has been executed by Borrower and Lender and thereafter will be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns, except that Borrower will not have the right to assign its rights under this Agreement or any interest herein without the prior written consent of Lender. Lender may assign or grant participations in or to all or any part of its rights and obligations under this Amendment and the other Loan Documents.
5.Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed will be deemed to be an original and all of which taken together will constitute one and the same agreement.
6.Governing Law. This Amendment will be governed by, and construed and enforced in accordance with, the laws of the State of New York, without reference to the choice of law principles of the State of New York.
[Signature Pages Follow]

IN WITNESS WHEREOF, Borrower and Lender have caused this Amendment to be executed and delivered by their duly authorized officers and representation effective as of the day first above written.
												
			LENDER:
				
			W.P. Carey Inc., a Maryland corporation

				
				
			By:
	/s/ John J. Park

				Name: John J. Park

				Title: President

[Signature Page to First Amendment]

												
			BORROWER:
				
			CPA:18 LIMITED PARTNERSHIP, a Delaware limited partnership

				
			By: CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL

			INCORPORATED, a Maryland corporation and its general partner

				
				
			By:
	/s/ ToniAnn Sanzone

				Name: ToniAnn Sanzone

				Title: Chief Financial Officer

[Signature Page to First Amendment]Document

FIRST AMENDMENT TO
PAYMENT GUARANTY
FIRST AMENDMENT, dated as of December 16, 2020 (this “Amendment”) to the PAYMENT GUARANTY, dated as of July 16, 2020 (as amended, supplemented or otherwise modified prior to the date hereof, the “Payment Guaranty”), between Corporate Property Associates 18 – Global Incorporated, a Maryland corporation (“Guarantor”) and W. P. Carey Inc., a Maryland corporation (“Lender”).  
W I T N E S S E T H:
WHEREAS, CPA:18 Limited Partnership, a Delaware limited partnership (“Borrower”) and Lender have agreed that the Loan Agreement between Borrower and Lender, dated as of July 16, 2020 be modified as set forth in the First Amendment to Loan Agreement dated as of the date hereof; and
WHEREAS, Guarantor and the Lender have agreed to modify the Payment Guaranty as herein set forth solely upon the terms and conditions provided for in this Amendment.
NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
1.Defined Terms.  Unless otherwise specifically defined herein, all capitalized terms used herein shall have the respective meanings ascribed to such terms in the Payment Guaranty. 
2.Recitals.  Recital A of the Payment Guaranty is hereby amended and restated in its entirety to read as follows:

Lender has agreed to make one or more loans (collectively, the “Loan”) in the maximum aggregate principal amount outstanding at any one time of up to FIFTY MILLION and No/100 Dollars ($50,000,000.00) to CPA:18 LIMITED PARTNERSHIP, a Delaware limited partnership (“Borrower”).

3.Notices.  The notice addresses for Guarantor and Lender contained in Section 1.4 of the Payment Guaranty is hereby amended to read as follows.
    One Manhattan West, 395 9th Avenue, 58th Floor, New York, New York 10011.  
4.Governing Law. This Amendment will be governed by, and construed in accordance with, the laws of the State of New York, without regard to its conflict laws principles.
[Signature Page Follows]

DATED as of the date first set forth above.

												
	GUARANTOR: 	CORPORATE PROPERTY ASSOCIATES 18 – GLOBAL

			INCORPORATED, a Maryland corporation

				
				
			By:
	/s/ ToniAnn Sanzone

				Name: ToniAnn Sanzone

				Title: Chief Financial Officer

[Signature Page to First Amendment]Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

 

SUBSCRIPTION AGREEMENT
(this “Agreement”), dated as of December 16, 2020, by and between Cardinal Venture Holdings LLC, a Delaware
limited liability company (the “Company”), and Inpixon (the “Purchaser”).

 

WHEREAS, the Purchaser
desires to subscribe for and acquire from the Company, and the Company desires to issue and sell to the Purchaser 700,000 Class
B Units of the Company (the Class A Units and the Class B Units, together, the “Units”), as hereinafter set
forth.

 

NOW, THEREFORE, in order
to implement the foregoing, and in consideration of the mutual agreements contained herein, the parties hereto agree as follows:

 

1. LLC Operating
Agreement. The Purchaser has had a chance to review in full the Amended and Restated Limited Liability Company Agreement of
the Company (the “LLC Operating Agreement”). The Purchaser hereby agrees to the terms and conditions of the
LLC Operating Agreement and agrees to promptly execute and deliver a copy of the LLC Operating Agreement to the Company.

 

2. Contribution;
Subscription for and Purchase of Units.

 

2.1 Contribution.
On or about the date hereof, and as partial consideration for the agreements set forth herein and, in the LLC Operating Agreement,
the Purchaser agrees to contribute to the capital of the Company $700,000.00 (the “Contribution”).

 

2.2 Purchase of Units.
Upon the terms of this Agreement, the Purchaser hereby subscribes for and commits to purchase 700,000 Class B Units of the Company.

 

The Company hereby
agrees to issue and sell to the Purchaser 700,000 Class B Units, for an aggregate purchase price of $700,000.00. The Class B Purchase
Price shall be deemed paid from the Contribution.

 

3. Investment Representations
and Warranties.

 

3.1 The Purchaser is
acquiring the Units pursuant to this Agreement for the Purchaser’s own account, for investment and not with a view to the
distribution thereof, nor with any present intention of distributing the same.

 

3.2 The Purchaser understands
that the Units have not been registered under the Securities Act of 1933, as amended (the “Securities Act”),
by reason of its issuance in a transaction exempt from the registration requirements of the Securities Act and that the Units hereby
subscribed for and purchased must be held indefinitely unless a subsequent disposition thereof is registered under the Securities
Act or is exempt from registration.

 

     

     

    

 

3.3 The Purchaser represents
that it is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D under the Securities Act,
and acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption applicable to “accredited
investors” within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions under state
law.

 

3.4 The Purchaser has
no contract, undertaking, agreement or arrangement with any person to sell, transfer or pledge to such person or anyone else any
of the Units the Purchaser hereby subscribes for and is purchasing (or any part thereof), and the Purchaser has no present plans
to enter into any such contract, undertaking, agreement or arrangement.

 

3.5 The Purchaser acknowledges
and agrees that the Units purchased by it pursuant to this Agreement are subject to restrictions on transfer under the Securities
Act and applicable state securities laws and may not be resold in violation thereof. The Company shall make a notation regarding
the restrictions on transfer of the Units issued pursuant to this Agreement in its books, and such Units shall be transferred on
the books of the Company only pursuant to and in compliance with the provisions of the Securities Act and applicable state securities
laws.

 

4. Miscellaneous.

 

4.1 Binding Effect.
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs,
legal representatives, successors and permitted assigns.

 

4.2 Amendment.
This Agreement may be amended only by a written instrument signed by the Company and the Purchaser.

 

4.3 Applicable Law.
The laws of the State of Delaware shall govern the interpretation, validity and performance of the terms of this Agreement, regardless
of the law that might be applied under principles of conflicts of law.

 

4.4 Integration.
This Agreement and the documents referred to herein or delivered pursuant hereto which form a part hereof contain the entire understanding
of the parties with respect to the subject matter hereof. This Agreement supersedes all prior agreements and understandings between
the parties with respect to its subject matter.

 

4.5 Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one
and the same instrument.

 

[SIGNATURE PAGE FOLLOWS]

 

    2

     

    

 

IN WITNESS WHEREOF, the
parties have executed and delivered this Subscription Agreement effective as of the date first above written.

 

	 	CARDINAL VENTURE HOLDINGS LLC
	 	 
	 	By:	/s/ Khurram Sheikh
	 	Name: 	Khurram Sheikh
	 	Title:	Managing Member
	 	 
	 	PURCHASER: Inpixon
	 	 
	 	By:	/s/ Nadir Ali
	 	Name:	Nadir Ali
	 	Title:	Chief Executive Officer

 

[Signature Page to Subscription Agreement]

 

     

     

    

 

Exhibit A

 

LLC Operating Agreement

 

See Exhibit 10.2 to Inpixon’s Current
Report on Form 8-K filed with the SEC on October 5, 2020.

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