Document:

Exhibit 10.7

 

STANDSTILL AGREEMENT

 

This Standstill Agreement
(this “Agreement”) is entered into as of August 30, 2018, by and between Chicago
Venture Partners, L.P., a Utah limited partnership (“Lender”), and Inpixon,
a Nevada corporation (“Borrower”). Capitalized terms used in this Agreement without definition shall have the
meanings given to them in the Note (as defined below).

 

A. Borrower
previously issued to Lender a Convertible Promissory Note dated November 17, 2017 in the principal amount of $1,745,000.00 (the
“Note”) pursuant to that certain Securities Purchase Agreement dated November 17, 2017 between Lender and Borrower
(the “Purchase Agreement,” and together with the Note and all other documents entered into in conjunction therewith,
the “Transaction Documents”).

 

B. Borrower
has requested that Lender delay its right to make redemptions under the Note as set forth in this Agreement.

 

C. Lender
has agreed, subject to the terms, amendments, conditions and understandings expressed in this Agreement, to grant the Standstill
(as defined below).

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1. Recitals.
Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Agreement are true and accurate and
are hereby incorporated into and made a part of this Agreement.

 

2. Standstill.
Notwithstanding the terms of the Note, Lender hereby agrees that its right to redeem all or any portion of the Note set forth in
Section 8 of the Note shall not commence until the date that is the earlier of (a) twelve (12) months after the Purchase Price
Date, and (b) five (5) Trading Days following receipt of approval from Borrower’s stockholders as may be required in accordance
with applicable Nasdaq Listing Rules, including, but not limited to Listing Rule 5635(d), to amend the terms of the Note to modify
the Conversion Price and the Minimum Redemption Price on terms that are acceptable to Lender (the “Standstill”).

 

3. Standstill
Fee. In consideration of Lender’s grant of the Standstill, its fees incurred in preparing this Agreement and other accommodations
set forth herein, Borrower agrees to pay to Lender a fee in the amount of $75,000.00 (the “Standstill Fee”).
The Standstill Fee shall be payable in cash to Lender upon execution of this Agreement.

 

4. Maturity
Date. In conjunction with the Standstill, Borrower and Lender also agree that the Maturity Date of the Note is hereby extended
to December 31, 2018. Accordingly, Borrower and Lender agree that the Note is hereby amended to the extent necessary to implement
the foregoing extension of the Maturity Date.

 

     

     

    

 

5. Representations
and Warranties. In order to induce Lender to enter into this Agreement, Borrower, for itself, and for its affiliates, successors
and assigns, hereby acknowledges, represents, warrants and agrees as follows:

 

a. Borrower
has full power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein,
all of which have been duly authorized by all proper and necessary action. No consent, approval, filing or registration with or
notice to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of
the obligations of Borrower hereunder.

 

b. There
is no fact known to Borrower or which should be known to Borrower which Borrower has not disclosed to Lender on or prior to the
date of this Agreement which would or could materially and adversely affect the understanding of Lender expressed in this Agreement
or any representation, warranty, or recital contained in this Agreement.

 

c. Except
as expressly set forth in this Agreement, Borrower acknowledges and agrees that neither the execution and delivery of this Agreement
nor any of the terms, provisions, covenants, or agreements contained in this Agreement shall in any manner release, impair, lessen,
modify, waive, or otherwise affect the liability and obligations of Borrower under the terms of the Transaction Documents.

 

d. Borrower
is not aware of any defenses, affirmative or otherwise, rights of setoff, rights of recoupment, claims, counterclaims, actions
or causes of action of any kind or nature whatsoever against Lender, directly or indirectly, arising out of, based upon, or in
any manner connected with, the transactions contemplated hereby, which occurred, existed, was taken, permitted, or begun prior
to the execution of this Agreement and occurred, existed, was taken, permitted or begun in accordance with, pursuant to, or by
virtue of any of the terms or conditions of the Transaction Documents. Borrower hereby acknowledges and agrees that the execution
of this Agreement by Lender shall not constitute an acknowledgment of or admission by Lender of the existence of any claims or
of liability for any matter or precedent upon which any claim or liability may be asserted.

 

e. Borrower
represents and warrants that as of the date hereof no Events of Default or other material breaches exist under the Transaction
Documents or have occurred prior to the date hereof.

 

6. Certain
Acknowledgments. Each of the parties acknowledges and agrees that no property or cash consideration of any kind whatsoever
has been or shall be given by Lender to Borrower in connection with the Standstill or any other amendment to the Note granted herein.

 

7. Ratification
of the Note. The Note shall be and remains in full force and effect in accordance with its terms, and is hereby ratified and
confirmed in all respects. Borrower acknowledges that it is unconditionally obligated to pay the remaining balance of the Note
and represents that such obligation is not subject to any defenses, rights of offset or counterclaims. No forbearance or waiver
other than as expressly set forth herein may be implied by this Agreement. Except as expressly set forth herein, the execution,
delivery, and performance of this Agreement shall not operate as a waiver of, or as an amendment to, any right, power or remedy
of Lender under the Note or the other Transaction Documents, as in effect prior to the date hereof.

 

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8. No
Reliance. Borrower acknowledges and agrees that neither Lender nor any of its officers, directors, members, managers, equity
holders, representatives or agents has made any representations or warranties to Borrower or any of its agents, representatives,
officers, directors, or employees except as expressly set forth in this Agreement and the Transaction Documents and, in making
its decision to enter into the transactions contemplated by this Agreement, Borrower is not relying on any representation, warranty,
covenant or promise of Lender or its officers, directors, members, managers, equity holders, agents or representatives other than
as set forth in this Agreement.

 

9. Arbitration.
Each party agrees that any dispute arising out of or relating to this Agreement shall be subject to the Arbitration Provisions
(as defined in the Purchase Agreement).

 

10. Governing
Law; Venue. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Utah without regard
to the principles of conflict of laws. Each party agrees that the proper venue for any dispute arising out of or relating to this
Agreement shall be determined in accordance with the provisions of the Purchase Agreement. BORROWER
HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

11. Attorneys’
Fees. In the event of any arbitration or action at law or in equity to enforce or interpret the terms of this Agreement, the
parties agree that the party who is awarded the most money shall be deemed the prevailing party for all purposes and shall therefore
be entitled to an additional award of the full amount of the attorneys’ fees and expenses  paid by such prevailing party
in connection with the arbitration, litigation and/or dispute without reduction or apportionment based upon the individual claims
or defenses giving rise to the fees and expenses. Nothing herein shall restrict or impair an arbitrator’s or a
court’s power to award fees and expenses for frivolous or bad faith pleading.

 

12. Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one instrument. The parties hereto confirm that any electronic copy of another party’s executed counterpart
of this Agreement (or such party’s signature page thereof) will be deemed to be an executed original thereof.

 

13. Further
Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

[Remainder of page intentionally left
blank]

 

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IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the date set forth above.

 

	 	BORROWER:
	 	 
	 	INPIXON
	 	 	 
	 	By:	/s/ Nadir Ali
	 	Name: 	Nadir Ali
	 	Title:	CEO

 

	 	LENDER:
	 	 	 
	 	CHICAGO VENTURE PARTNERS, L.P.
	 	 	 
	 	By:	Chicago Venture Management, L.L.C., its General Partner
	 	 	 
	 	By:	CVM, Inc., its Manager

 

	 	By:	/s/ John M. Fife
	 	 	John M. Fife, President

 

 

[Signature page to Standstill Agreement]Exhibit
10.8

 

AMENDMENT
TO EMPLOYMENT AGREEMENT

 

This
Amendment to Employment Agreement (“Amendment”) is made and entered into as of August 31, 2018 by and among Sysorex,
Inc. (“Sysorex”), Inpixon (“Inpixon”) and Soumya Das (the “Employee”). Collectively, Sysorex,
Inpixon and the Employee are sometimes referred to herein as the “parties” and individually as a “party.”

 

RECITALS

 

WHEREAS,
the Employee and Sysorex are parties to that certain Employment Agreement entered into as of November 2, 2016 (the “Employment
Agreement”); and

 

WHEREAS,
on May 14, 2018, the Compensation Committee of the Board of Directors of Inpixon, then Sysorex’s parent, approved amendments
to the terms of the Employee’s compensation; and

 

WHEREAS,
in conjunction with the separation of Sysorex from Inpixon, Inpixon wishes to assume Sysorex’s duties and obligations
under the Employment Agreement, as such duties and obligations were modified on May 14, 2018.

 

NOW
THEREFORE, in consideration of the mutual promises made herein and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged by the parties, the parties hereby agree as follows:

 

1.
Definition of Employer and Company. Wherever the words “Employer” or “the Company” appear in the
Employment Agreement, those words shall refer to Inpixon.

 

2.
References to Chief Marketing Officer. Section 1 of the Employment Agreement shall be modified as follows and all references
in the Employment Agreement to Employee’s position as Chief Marketing Officer shall be modified to refer to the positions
held by Employee as Chief Marketing Officer and Chief Operating Officer:

 

Employer
hereby employs Employee as Chief Marketing Officer and Chief Operating Officer of the Company. Subject at all times to the direction
of the Company’s Chief Executive Officer, Employee shall perform those duties and hold those responsibilities that are usual
and customary for a Chief Marketing Officer and Chief Operating Officer to perform and hold. Employee shall primarily perform
his job duties at the Company’s offices located in Palo Alto, California.

 

     

     

    

 

3.
Amendment to Section 5. Section 5 of the Employment Agreement shall be deleted in its entirety and the following shall
appear in its place:

 

As
full compensation for the performance of his duties on behalf of Employer, Employee shall be compensated as follows:

 

(i)
Base Salary. During the Term, Employer shall pay Employee a base salary at the rate of Two Hundred Seventy-Five Thousand
Dollars ($275,000) per annum, payable semi-monthly (“Base Salary”).

 

(ii)
Bonuses. In addition to Base Salary, Employee will have up to $50,000 in MBO Bonuses annually. The MBO tasks, their deadlines,
and the amount of the corresponding MBO Bonuses will be determined by Nadir Ali, with Employee’s input. Each of these MBO
Bonuses will only be paid if the MBO is documented in advance and completed before its deadline. If Employee leaves Inpixon for
any reason, prior to completion of any MBO, Employee will not receive any portion of the MBO Bonus for that MBO task. MBO Bonuses
for the calendar quarter, will be paid within 60 days of the close of the calendar quarter; provided, however, that the precise
amount of any such bonus, within the foregoing range, shall be determined by the Company in its sole and absolute discretion and,
subject to Section 14(a) hereof, no bonus shall be paid if Employee is no longer employed by the Company on the date of payment.

 

(iii)
Commissions. Commissions equal to 2% of recognized revenue associated with the indoor positioning analytics business, paid
quarterly and subject to Company policies in connection with commissions payable.

 

(iv)
Transportation Allowance. A transportation allowance in an amount equal to $1,000 per month, in such form as shall be determined
by the Chief Executive Officer, in accordance with Employer’s policies.

 

4.
Amendment to Section 6(i). Section 6, subsection (i) of the Employment Agreement shall be deleted in its entirety and the
following shall appear in its place:

 

Stock
Option Grant. Employee acknowledges receipt of the stock option grant described at Paragraph 6(i) of the Employment Agreement
(the “Option”). Employee acknowledges and agrees that as a result the distribution of Inpixon’s common stock
in Sysorex to holders of Inpixon’s securities (the “Spin-Off”), the Option will be modified in accordance with
the provisions of the agreements governing the Spin-Off. Employee shall also be eligible to participate in the equity based incentive
plans of Inpixon and may receive awards thereunder, as determined by the Compensation Committee of Inpixon from time to time and
subject to the terms and conditions of such plans and any award agreement between Inpixon and Employee evidencing such awards.
Notwithstanding the foregoing, nothing in this Paragraph 6(i) shall be construed to extend the duration of this Agreement or Employee’s
employment by Employer beyond the expiration or termination of the Term.

 

5.
Execution by Sysorex. By executing this Amendment, Sysorex assigns and transfers all of the rights and obligations of the
Employment Agreement to Inpixon and terminates Employee’s employment.

 

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6.
Execution by Inpixon. By executing this Amendment, Inpixon retains the services of Employee pursuant to the terms of the
Employment Agreement, as amended by this Amendment, accepts the assignment of the Employment Agreement and accepts the rights
and assumes all of the obligations of Sysorex under the Employment Agreement, as amended by this Amendment.

 

7.
Execution by Employee. By executing this Amendment, Employee agrees to the assignment of the Employment Agreement, as amended
by this Amendment, to Inpixon and agrees to provide his services to Inpixon pursuant to the terms of the Employment Agreement,
as amended by this Amendment.

 

8.
All Other Provisions Remain the Same. Unless expressly amended by this Amendment, all other provisions of the Employment
Agreement shall remain in full force and effect.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written, and to be effective upon
such date.

 

[Signatures
appear on next page.]

 

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	 	SYSOREX,
    INC.
	 	 	 
	 	By:	 /s/Zaman
    Khan
	 	 	Zaman
    Khan, Chief Executive Officer
	 	 	 
	 	INPIXON
	 	 	 
	 	By:	 /s/Nadir
    Ali
	 	 	Nadir
    Ali, Chief Executive Officer
	 	 	 
	 	EMPLOYEE
	 	 	 
	 	/s/ Soumya Das
	 	Soumya Das

  

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