Document:

Exhibit 10.1

  

TRANSITION
SERVICES AGREEMENT

 

This
TRANSITION SERVICES AGREEMENT (this “Agreement”) is made as of August 31, 2018 by and between Inpixon, a Nevada
corporation (“Parent”) and Sysorex, Inc., a Nevada corporation (“Company”), each of which is
sometimes referred to as a “party” and collectively as the “parties.”

 

WHEREAS,
Parent and Company have entered into a Separation and Distribution Agreement dated as of August 7, 2018 (the “Separation
Agreement”) which contemplates (i) the separation of the Company (the “Separation”) and (ii) the distribution
to Parent’s stockholders of all of the outstanding Parent Shares and Other Parent Securities, each as defined in the Separation
Agreement (the “Distribution”); and

 

WHEREAS,
in order to ensure an orderly transition under the Separation Agreement it will be necessary for Parent to provide to Company,
or for Company to provide to Parent, the services described herein during the term of this Agreement.

 

NOW,
THEREFORE, in consideration of the above premises and the mutual covenants contained herein, it is agreed by and between the parties
as follows:

 

ARTICLE
I

 

FEES
AND TERM

 

1.1 Company
Price/Payment. Following the Separation and Distribution, as consideration for the services to be provided to Company by Parent
pursuant to Section 2.1 of this Agreement, Company shall pay to Parent a fee (the “Company Services Fee”) in accordance
with Schedule 2.1. The Company Services Fee shall be payable by Company to Parent in arrears 15 days after the close of each month
(prorated for any partial month) during the term of this Agreement. Any services provided by Parent to Company beyond the services
covered by the Company Services Fee shall be billed to Company at negotiated rates, no less favorable to the Company than if Company
had received the service from an independent third party, or on such other basis as the parties may agree from time to time. The
Company Services Fee shall be reviewed and reduced from time to time in accordance with Section 2.3.

 

1.2 Parent
Price/Payment. Following the Separation and Distribution, as consideration for the services to be provided to Parent by Company
pursuant to Section 3.1 of this Agreement, Parent shall pay to Company a fee (the “Parent Services Fee”) in accordance
with Schedule 3.1. The Parent Services Fee shall be payable by Parent to Company in arrears 15 days after the close of each month
(prorated for any partial month) during the term of this Agreement. Any services provided by Company to Parent beyond the services
covered by the Parent Services Fee shall be billed to Parent at negotiated rates, no less favorable to the Parent than if Parent
had received the service from an independent third party, or on such other basis as the parties may agree from time to time. The
Parent Services Fee shall be reviewed and reduced from time to time in accordance with Section 3.3.

  

     

     

    

 

1.3 Term.
The term of this Agreement (the “Term”) shall commence on the date hereof and shall expire one year after the effective
date of the Distribution; provided, however, that either party shall have the right to terminate any or all of the services such
party is to receive hereunder and cease paying the services fee associated with the terminated services which such party would
otherwise be required to pay therefor upon 30 days written notice to the other party, and provided, further, that at the end of
the one-year term, if the parties have not terminated this Agreement earlier, either party may renew or extend the term of this
Agreement with respect to the provision of any services that have not been terminated in exchange for services fees mutually agreed
to by the parties.

 

1.4 Additional
Services. At any time during the Term, if either party identifies any service that is needed to assure a smooth and orderly transition
of the businesses and operations in connection with the Separation and the Distribution, and that is not otherwise governed by
the provisions of this Agreement, the Separation Agreement or any other agreement between the parties, then the parties shall
cooperate in determining whether there is a mutually acceptable arm’s-length basis on which one party will provide such
service to the other party in exchange for a fee.

 

ARTICLE
II

 

SERVICES
TO BE PROVIDED BY PARENT TO COMPANY

 

2.1 Services.
Parent agrees to provide the services set forth on Schedule 2.1 (subject to such modification or adjustment as may be mutually
agreed upon by the parties) to Company during the Term.

 

2.2 Details
of Performance. Reasonable details of Parent’s performance of services hereunder may be specified in one or more memoranda
signed by the parties and such memoranda shall be deemed incorporated in this Agreement by reference as if recited herein in their
entirety.

 

2.3 Phase
Out of Services; Reduction of Company Services Fee. The parties hereby acknowledge that Company will promptly take all steps to
internalize the services to be provided herein by acquiring its own staff or outsourcing to third parties. The parties agree to
periodically review the level of services being utilized by Company, and from time to time to reduce the Company Services Fee
proportionately to account for reductions in the level of services being provided hereunder.

  

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ARTICLE
III

 

SERVICES
TO BE PROVIDED BY COMPANY TO PARENT

 

3.1 Services.
Company agrees to provide the services set forth on Schedule 3.1 (subject to such modification or adjustment as may be mutually
agreed upon by the parties) to Parent during the Term.

 

3.2 Details
of Performance. Reasonable details of Company’s performance of services hereunder may be specified in one or more memoranda
signed by the parties and such memoranda shall be deemed incorporated in this Agreement by reference as if recited herein in their
entirety.

 

3.3 Phase
Out of Services; Reduction of Parent Services Fees. The parties hereby acknowledge that Parent will promptly take all steps to
internalize the services to be provided herein by acquiring its own staff or outsourcing to third parties. The parties agree to
periodically review the level of services being utilized by Parent, and from time to time to reduce the Parent Services Fee proportionately
to account for reductions in the level of services being provided hereunder.

 

ARTICLE
IV

 

MISCELLANEOUS

 

4.1 Confidentiality.
Neither party hereto shall use or disclose to any other person at any time, any confidential or proprietary information or trade
secrets of the other party, including, without limitation, its customer lists, programs, pricing and strategies except to those
of its employees and those other persons who need to know such information to fulfill such party’s obligations hereunder,
provided that such party shall require that such other persons agree to keep confidential such confidential or proprietary information
or trade secrets. Both parties shall provide to the other party semi-annually upon such other party’s written request, a
list of all employees whose duties have required access to confidential or proprietary information or trade secrets, and any other
employees or other persons who, to the actual knowledge of that party’s officers, have had access to such information during
the preceding 6 month period, in each case, designating whether such persons are in the employ of such party as of the date such
list is provided. Both parties agree that all drawings, specifications, data, memoranda, calculations, notes and other materials,
including, without limitation, any materials containing confidential or proprietary information or trade secrets of the other
party, furnished in connection with this Agreement and any copies thereof are and shall remain the sole and exclusive property
of that other party and shall be delivered to that party upon its request.

 

4.2 No
Agency. Both parties shall perform their respective services under this Agreement as an independent contractor. Each party acknowledges
and agrees that it is not granted any express or implied authority to assume or create any obligation or responsibility on behalf
of the other party, or to bind the other party with regard to third parties in any manner.

 

4.3 Notices.
Any notices required or permitted to be provided pursuant to this Agreement shall be provided in writing via e-mail, certified
mail, hand-delivery, telecopier with confirmation or normal mail service, addressed to the recipient party at its e-mail or standard
mailing address set forth on the signature page.

  

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4.4 Force
Majeure. In the event that either party is prevented from performing, or is unable to perform, any of its obligations under this
Agreement due to any act of God, fire, casualty, flood, war, strike, lock out, failure of public utilities, injunction or any
act, exercise, assertion or requirement of governmental authority, epidemic, destruction of production facilities, insurrection,
inability to procure materials, labor, equipment, transportation or energy sufficient to meet manufacturing needs, or any other
cause beyond the reasonable control of the party invoking this provision, and if such party shall have used its best efforts to
avoid such occurrence and minimize its duration and has given prompt written notice to the other party, then the affected party’s
performance for the period of delay or inability to perform due to such occurrence shall be suspended. Should either party fail
to perform hereunder and shall have provided proper notice to the other party that it is unable to perform on account of one or
more reasons set forth in this section, such party may obtain replacement services from a third party for the duration of such
delay or inability to perform, or for such longer period as such party shall be reasonably required to commit to in order to obtain
such replacement services and the services fee payable by such party shall be reduced accordingly.

 

ARTICLE
V

 

GENERAL
PROVISIONS

 

5.1 Entire
Agreement. This Agreement embodies the entire agreement and understanding of the parties hereto with respect to the subject matter
hereof, and supersedes all prior agreements and understandings relative to said subject matter.

 

5.2 Binding
Effect. This Agreement shall be binding upon, and shall inure to the benefit of Parent, Company and their respective successors
and assigns.

 

5.3 Assignment.
Neither this Agreement nor any rights or obligations hereunder shall be assignable by either party without the prior written consent
of the other party hereto, which consent shall not be unreasonably withheld.

 

5.4 Governing
Law. This Agreement shall be governed by and construed in accordance with the law of the State of Nevada applicable to contracts
to be performed entirely in that State.

 

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

 

5.6
Headings. The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation
of this Agreement.

 

(Signatures
Appear On Next Page)

  

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IN
WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the date first above written.

  

	 	PARENT
	 	 
	 	Inpixon
	 	 
	 	By:	/s/ Nadir Ali
	 	 	Nadir Ali, Chief Executive Officer
	 	 	Address: c/o Inpixon
	 	 	2479 E. Bayshore Road
	 	 	Suite 195
	 	 	Palo Alto, California 94303
	 	 	E-Mail: nadir.ali@inpixon.com
	 	 
	 	COMPANY
	 	 
	 	Sysorex, Inc.
	 	 
	 	By:	/s/ Zaman Khan
	 	 	Zaman Khan, President
	 	 
	 	 	Address prior to the Distribution:
	 	 	Sysorex, Inc.
	 	 	2479 E. Bayshore Road, Suite 195
	 	 	Palo Alto, California 94303
	 	 	Attn.: Zaman Khan, President
	 	 
	 	 	Address following the Distribution:
	 	 	Sysorex, Inc.
	 	 	2355 Dulles Corner Boulevard
	 	 	Suite 600
	 	 	Herndon, Virginia 20171
	 	 	E-Mail:

  

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Schedule
2.1

 

Parent
Services

 

Active
Directory (authentication, access control, audit control, security) - $180/month

O365
E3 Licenses (email, office, sharepoint) - $600/month

Quotewerks,
RDP, GP, UNANET servers - $1,400/month

Helpdesk/support
- $1,500/month

 

Approximate
total - $3,680/month

  

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Schedule
3.1

 

Company
Services

 

To
be mutually agreed upon by Parent and the Company prior to the Separation and Distribution or from time-to-time thereafter during
the Term. At such time, this Schedule may be amended by the parties.

  

    	 	7Exhibit 10.2

 

 

 

TAX MATTERS AGREEMENT

 

by and between

 

Inpixon

 

and

 

Sysorex, Inc.

 

Dated as of August 31, 2018

  

 

 

     

     

    

 

TAX MATTERS AGREEMENT

 

THIS TAX MATTERS AGREEMENT (this “Agreement”),
dated as of August 31, 2018 is by and among Inpixon, a Nevada corporation (“Inpixon”), and Sysorex, Inc., a Nevada
corporation (“Sysorex”). Each of Inpixon and Sysorex is sometimes referred to herein as a “Party” and,
collectively, as the “Parties.”

 

WHEREAS, Inpixon, acting through itself
and its Subsidiaries, currently conducts its businesses of providing indoor positioning and data analytics (the “IPA Business”)
and providing data analytics to commercial and government customers worldwide (the “VAR Business”);

 

WHEREAS, the board of directors of Inpixon
(“Inpixon Board”) has determined that it is appropriate, desirable and in the best interests of Inpixon and its stockholders
to separate the IPA Business from the VAR Business, and to divest the VAR Business in the manner contemplated by that certain Separation
and Distribution Agreement dated as of August 7, 2018 (the “Separation Agreement”);

 

WHEREAS, Inpixon and Sysorex have entered
into the Separation Agreement pursuant to which (a) the IPA Business will be separated from the VAR Business, (b) (i) Inpixon will,
and will cause its Subsidiaries to, transfer certain assets, liabilities and subsidiaries of the VAR Business to Sysorex and its
Subsidiaries, and (ii) Sysorex will, and/or will cause one or more of its Subsidiaries to transfer certain assets, liabilities,
subsidiaries and/or businesses to Inpixon and its Subsidiaries, as a result of which Sysorex will own directly, and indirectly
through its Subsidiaries, the VAR Business and will not own directly, or indirectly through its Subsidiaries, any of the IPA Business
(collectively, the “Restructuring”), and (c) Inpixon will distribute, on a pro rata basis, all of the issued and outstanding
Sysorex Shares, as defined in the Separation Agreement, owned by Inpixon to the holders of Parent Shares and Other Parent Securities,
each as defined in the Separation Agreement (the “Distribution”);

 

WHEREAS, the Parties wish to provide for
the payment of Tax liabilities and entitlement to refunds thereof, allocate responsibility for, and cooperation in, the filing
of Tax Returns, and provide for certain other matters relating to Taxes;

 

NOW, THEREFORE, in consideration of the
foregoing and the representations, warranties, covenants and agreements contained herein, and intending to be legally bound hereby,
the Parties agree as follows:

 

ARTICLE I

 

DEFINITIONS

 

Section 1.01General. As used in this
Agreement, the following terms shall have the following meanings:

  

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“Accounting Firm” has the meaning set
forth in Section 7.01.

 

“Adjustment” means an adjustment of any
item of income, gain, loss, deduction, credit or any other item affecting Taxes of a taxpayer pursuant to a Final Determination.

 

“Agreement” has the meaning set forth
in the preamble to this Agreement.

 

“Ancillary Agreement” has the meaning
set forth in the Separation Agreement.

 

“Carryback” has the meaning set forth
in Section 4.02.

 

“Code” means the Internal Revenue Code
of 1986, as amended.

 

“Common Parent” means the “common
parent corporation” of an “affiliated group” (in each case, within the meaning of Section 1504 of the Code) filing
a U.S. federal consolidated Income Tax Return.

 

“Distribution” has the meaning set forth
in the recitals to this Agreement.

 

“Distribution Date” means the date on
which the Distribution is paid.

 

“Due Date” means (a) with respect to a
Tax Return, the date (taking into account all valid extensions) on which such Tax Return is required to be filed under applicable
Law and (b) with respect to a payment of Taxes, the date on which such payment is required to be made to the applicable Taxing
Authority to avoid the incurrence of interest, penalties and/or additions to Tax.

 

“Employee Matters Agreement” means the
Employee Matters Agreement by and between the Parties dated as of the date hereof.

 

“Extraordinary Transaction” means any
action that is not in the Ordinary Course of Business, but shall not include (a) any action described in or contemplated by the
Separation Agreement or any Ancillary Agreement, (b) any action that is undertaken pursuant to the Restructuring or the Distribution,
or (c) any compensatory payment or compensatory transfer in respect of services made as a result of, or in connection with, the
Restructuring or the Distribution (which shall be treated as paid immediately before the Distribution on the Distribution Date).

 

“Final Determination” means the final
resolution of liability for any Tax for any taxable period, by or as a result of (a) a final decision, judgment, decree or other
order by any court of competent jurisdiction that can no longer be appealed to a court other than the Supreme Court of the United
States, (b) a final settlement with the IRS, a closing agreement or accepted offer in compromise under Sections 7121 or 7122 of
the Code, or a comparable agreement under the Laws of other jurisdictions, which resolves the entire Tax liability for any taxable
period, (c) any allowance of a refund or credit in respect of an overpayment of Tax, but only after the expiration of all periods
during which such refund or credit may be recovered by the jurisdiction imposing the Tax, or (d) any other final resolution, including
by reason of the expiration of the applicable statute of limitations or the execution of a pre-filing agreement with the IRS or
other Taxing Authority.

  

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“Group” of which a Person is a member
means (i) the Inpixon Group, if the Person is a member of the Parent Group and (ii) the Sysorex Group, if the Person is a member
of the Sysorex Group.

 

“Income Tax Return” means any Tax Return
on which Income Taxes are reflected or reported.

 

“Income Taxes” means any net income, net
receipts, net profits, excess net profits or similar Taxes based upon, measured by, or calculated with respect to net income.

 

“Indemnified Party” means the Party which
is entitled to seek indemnification from the other Party pursuant to the provisions of Article III.

 

“Indemnifying Party” means the Party from
which the other Party is entitled to seek indemnification pursuant to the provisions of Article III.

 

“Information” has the meaning set forth
in Section 6.01(a).

 

“Inpixon” has the meaning set forth in
the preamble to this Agreement.

 

“Inpixon Consolidated Return” means the
U.S. federal Income Tax Return required to be filed by Inpixon as the Common Parent.

 

“Inpixon Consolidated Taxes” means any
U.S. federal Income Taxes attributable to any Inpixon Consolidated Return.

 

“Inpixon Entity” means any Subsidiary
of Inpixon immediately after the Distribution.

 

“Inpixon Group” means, individually or
collectively, as the case may be, Inpixon and any Inpixon Entity, excluding any member of the Sysorex Group.

 

“Inpixon Taxes” means, without duplication,
(a) any Inpixon Consolidated Taxes, (b) any Taxes imposed on Sysorex or any member of the Sysorex Group under Treasury Regulations
Section 1.1502-6 (or any similar provision of other Law) as a result of Sysorex or any such member being or having been included
as part of an Inpixon Consolidated Return (or similar consolidated or combined Tax Return under any other provision of Law), (c)
any Taxes of the Inpixon Group and any former Subsidiary of Inpixon (excluding any member of the Sysorex Group) for any Pre-Closing
Period, (d) any Inpixon Transaction Taxes, and (e) any Transfer Taxes, in each case (x) other than Sysorex Taxes and (y) including
any Taxes resulting from an Adjustment.

  

    	 	4	 

     

    

 

“Inpixon Transaction Taxes” means any
Taxes (a) imposed on or by reason of the Restructuring or the Distribution and (b) payable by reason of the distribution of cash
or other property from Sysorex to Inpixon (in each case including Transfer Taxes imposed on such transactions described in (a)
and (b)). For the avoidance of doubt, Inpixon Transaction Taxes include, without limitation, Taxes payable by reason of deferred
intercompany transactions or excess loss accounts triggered by the Distribution.

 

“IPA Business” has the meaning set forth
in the Recitals.

 

“IRS” means the U.S. Internal Revenue
Service.

 

“Law” means any U.S. or non-U.S. federal,
national, supranational, state, provincial, local or similar statute, law, ordinance, regulation, rule, code, administrative pronouncement,
order, requirement or rule of law (including common law).

 

“Mixed Business Income Tax Return” means
any Mixed Business Tax Return on which Income Taxes are reflected or reported.

 

“Mixed Business Tax Return” means any
Tax Return (other than an Inpixon Consolidated Return), including any consolidated, combined or unitary Tax Return, that reflects
or reports Taxes that relate to at least one asset or activity that is part of the IPA Business, on the one hand, and at least
one asset or activity that is part of the VAR Business, on the other hand.

 

“Ordinary Course of Business” means an
action taken by a Person only if such action is taken in the ordinary course of the normal operations of such Person.

 

“Party” and “Parties” have
the meaning set forth in the preamble to this Agreement.

 

“Past Practice” means past practices,
accounting methods, elections and conventions.

 

“Person” has the meaning set forth in
the Separation Agreement.

 

“Post-Closing Period” means any taxable
period (or portion thereof) beginning after the Distribution Date, including for the avoidance of doubt, the portion of any Straddle
Period beginning on the day after the Distribution Date.

 

“Pre-Closing Period” means any taxable
period (or portion thereof) ending on or before the Distribution Date, including for the avoidance of doubt, the portion of any
Straddle Period ending at the end of the day on the Distribution Date.

 

“Preparing Party” has the meaning set
forth in Section 2.04(a)(ii).

 

“Privilege” means any privilege that may
be asserted under applicable Law, including any privilege arising under or relating to the attorney-client relationship (including
the attorney-client and work product privileges), the accountant-client privilege and any privilege relating to internal evaluation
processes.

  

    	 	5	 

     

    

 

“Refund” means any refund (or credit in
lieu thereof) of Taxes (including any overpayment of Taxes that can be refunded or, alternatively, applied to other Taxes payable),
including any interest paid on or with respect to such refund of Taxes; provided, however, that for purposes of this Agreement,
the amount of any Refund required to be paid to another Party shall be reduced by the net amount of any Income Taxes imposed on,
related to, or attributable to, the receipt or accrual of such Refund.

 

“Restructuring” has the meaning set forth
in the recitals to this Agreement.

 

“Reviewing Party” has the meaning set
forth in Section 2.04(a)(ii).

 

“Separation Agreement” means the Separation
and Distribution Agreement by and between Inpixon and Sysorex dated as of August 7, 2018.

 

“Single Business Return” means any Tax
Return, including any consolidated, combined or unitary Tax Return, that reflects or reports Tax Items relating only to the IPA
Business, on the one hand, or the VAR Business, on the other (but not both).

 

“Single Business Return Preparing Party”
has the meaning set forth in Section 2.04(b).

 

“Single Business Return Reviewing Party”
has the meaning set forth in Section 2.04(b).

 

“Sysorex” has the meaning set forth in
the preamble to this Agreement.

 

“Sysorex Entity” means any Subsidiary
of Sysorex immediately after the Distribution.

 

“Sysorex Group” means, individually or
collectively, as the case may be, Sysorex and any Sysorex Entity.

 

“Sysorex Taxes” means, without duplication,
(a) any Taxes of (i) Inpixon or any Subsidiary or former Subsidiary of Inpixon attributable to assets or activities of the VAR
Business, as determined pursuant to Section 2.09 or (ii) Sysorex or any Subsidiary of Sysorex and (b) any Taxes attributable to
an Extraordinary Transaction occurring after the Distribution on the Distribution Date by Sysorex or a Sysorex Entity.

 

“Straddle Period” means any taxable period
that begins on or before and ends after the Distribution Date.

 

“Subsidiary” means, with respect to any
Person (a) a corporation more than 50% of the voting or capital stock of which is owned, directly or indirectly, by such Person
or (b) a limited liability company, partnership, joint venture, association, joint stock company, trust, unincorporated organization
or other entity in which such Person, directly or indirectly, owns more than 50% of the equity economic interests thereof or for
which such Person, directly or indirectly, has the power to elect or direct the election of more than 50% of the members of the
governing body or which such Person otherwise has control (e.g., as the managing partner or managing member of a partnership or
limited liability company, as the case may be).

  

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“Tax” means (a) all taxes, charges, fees,
duties, levies, imposts, or other similar assessments, imposed by any U.S. federal, state or local or foreign governmental authority,
including net income, gross income, gross receipts, excise, real property, personal property, sales, use, service, service use,
license, lease, capital stock, transfer, recording, franchise, business organization, occupation, premium, environmental, windfall
profits, profits, customs, duties, payroll, wage, withholding, social security, employment, unemployment, insurance, severance,
workers compensation, excise, stamp, alternative minimum, estimated, value added, ad valorem, hospitality, accommodations, transient
accommodations, unclaimed property, escheat and other taxes, charges, fees, duties, levies, imposts, or other similar assessments,
(b) any interest, penalties or additions attributable thereto and (c) all liabilities in respect of any items described in clauses
(a) or (b) payable by reason of assumption, transferee or successor liability, operation of Law or Treasury Regulation Section
1.1502-6(a) (or any predecessor or successor thereof or any analogous or similar provision under Law).

 

“Tax Attributes” means net operating losses,
capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously
taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could
affect a Tax liability for a past or future taxable period.

 

“Tax Benefit” means any refund, credit,
or other reduction in Tax payments otherwise required to be made to a Taxing Authority, including for the avoidance of doubt, any
actual Tax savings if, as and when realized arising from a step-up in Tax basis or an increase in a Tax Attribute.

 

“Tax Cost” means any increase in Tax payments
otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

 

“Tax Group” means the members of a consolidated,
combined, unitary or other tax group (determined under applicable U.S., State or foreign Income Tax law) which includes Inpixon
or Sysorex, as the context requires, but for the avoidance of doubt, (i) Inpixon’s Tax Group does not include any members
of the Sysorex Group and (ii) Sysorex’s Tax Group does not include any members of the Inpixon Group.

 

“Tax Item” means any item of income, gain,
loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.

 

“Tax Matter” has the meaning set forth
in Section 6.01(a).

  

    	 	7	 

     

    

 

“Tax Proceeding” means any audit, assessment
of Taxes, pre-filing agreement, other examination by any Taxing Authority, proceeding, appeal of a proceeding or litigation relating
to Taxes, whether administrative or judicial, including proceedings relating to competent authority determinations.

 

“Tax Return” means any return, report,
certificate, form or similar statement or document (including any related or supporting information or schedule attached thereto
and any information return, or declaration of estimated Tax) required to be supplied to, or filed with, a Taxing Authority in connection
with the payment, determination, assessment or collection of any Tax or the administration of any Laws relating to any Tax and
any amended Tax return or claim for refund.

 

“Taxing Authority” means any governmental
authority or any subdivision, agency, commission or entity thereof or any quasi-governmental or private body having jurisdiction
over the assessment, determination, collection or imposition of any Tax (including the IRS).

 

“Transfer Taxes” means all sales, use,
transfer, real property transfer, intangible, recordation, registration, documentary, stamp or similar Taxes imposed on the Restructuring
or the Distribution.

 

“Treasury Regulations” means the final
and temporary (but not proposed) Income Tax regulations promulgated under the Code, as such regulations may be amended from time
to time (including corresponding provisions of succeeding regulations).

 

“U.S.” means the United States of America.

 

“VAR Business” has the meaning set forth
in the Recitals.

 

Section 1.02Additional Definitions.
Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Separation Agreement.

 

ARTICLE II

 

PREPARATION, FILING AND PAYMENT OF TAXES

SHOWN DUE ON TAX RETURNS

 

Section 2.01Inpixon Consolidated Returns.

 

(a)       Inpixon
Consolidated Returns. Inpixon shall prepare and file all Inpixon Consolidated Returns for a Pre-Closing Period or a Straddle Period,
and shall pay all Taxes shown to be due and payable on such Tax Returns; provided that Sysorex shall reimburse Inpixon for any
such Taxes that are Sysorex Taxes.

 

(b)       Extraordinary
Transactions. Notwithstanding anything to the contrary in this Agreement, for all Tax purposes, the Parties shall report any Extraordinary
Transactions that are caused or permitted by Sysorex or any Sysorex Entity on the Distribution Date after the Distribution as occurring
on the day after the Distribution Date pursuant to Treasury Regulation Section 1.1502-76(b)(1)(ii)(B) or any similar or analogous
provision of state, local or foreign Law.

  

    	 	8	 

     

    

 

Section 2.02Mixed Business Tax Returns.

 

(a)       Subject
to Section 2.02(b), Inpixon shall prepare (or cause an Inpixon Entity to prepare) and Inpixon, an Inpixon Entity or Sysorex shall
file (or cause to be filed) any Mixed Business Tax Returns for a Pre-Closing Period or a Straddle Period and shall pay, or cause
such Inpixon Entity to pay, all Taxes shown to be due and payable on such Tax Returns; provided that Sysorex shall reimburse Inpixon
for any such Taxes that are Sysorex Taxes.

 

(b)       Sysorex
shall prepare and file (or cause a Sysorex Entity to prepare and file) any Mixed Business Tax Returns for a Pre-Closing Period
or a Straddle Period required to be filed by Sysorex or a Sysorex Entity after the Distribution Date, and Sysorex shall pay, or
cause such Sysorex Entity to pay, all Taxes shown to be due and payable on such Tax Returns; provided that Inpixon shall reimburse
Sysorex for any such Taxes that are Inpixon Taxes.

 

Section 2.03Single Business Returns.

 

(a)       Inpixon
shall prepare and file (or cause an Inpixon Entity to prepare and file) any Single Business Returns for a Pre-Closing Period or
a Straddle Period required to be filed by Inpixon or an Inpixon Entity and shall pay, or cause such Inpixon Entity to pay, all
Taxes shown to be due and payable on such Tax Returns; provided that Sysorex shall reimburse Inpixon for any such Taxes that are
Sysorex Taxes.

 

(b)       Sysorex
shall prepare and file (or cause a Sysorex Entity to prepare and file) any Single Business Returns for a Pre-Closing Period or
a Straddle Period required to be filed by Sysorex or a Sysorex Entity and shall pay, or cause such Sysorex Entity to pay, all Taxes
shown to be due and payable on such Tax Returns; provided that Inpixon shall reimburse Sysorex for any such Taxes that are Inpixon
Taxes.

 

Section 2.04Tax Return Procedures.

 

(a)       Procedures
relating to Tax Returns other than Single Business Returns.

 

(i)       Inpixon
Consolidated Returns. With respect to all Inpixon Consolidated Returns for the taxable year which includes the Distribution Date,
Inpixon shall use the closing of the books method under Treasury Regulation Section 1.1502-76 (including adopting the “end
of the day rule” described therein). To the extent that the positions taken on any Inpixon Consolidated Tax Return would
reasonably be expected to materially adversely affect the Tax position of Sysorex or a Sysorex Entity for any period after the
Distribution Date, Inpixon shall prepare the portions of such Tax Return that relates to the VAR Business in a manner that is consistent
with Past Practice unless otherwise required by applicable Law or agreed to in writing by the Parties, and shall provide a draft
of such portion of such Tax Return to Sysorex for its review and comment at least 30 days prior to the Due Date for such Tax Return,
provided, however, that nothing herein shall prevent Inpixon from timely filing any such Tax Return. In the event that Past Practice
is not applicable to a particular item or matter, Inpixon shall determine the reporting of such item or matter in good faith. The
Parties shall negotiate in good faith to resolve all disputed issues. Any disputes that the Parties are unable to resolve shall
be resolved by the Accounting Firm pursuant to Section 7.01. In the event that any dispute is not resolved (whether pursuant to
good faith negotiations among the Parties or by the Accounting Firm) prior to the Due Date for the filing of any such Tax Return,
such Tax Return shall be timely filed by Inpixon and Inpixon agrees to amend such Tax Return as necessary to reflect the resolution
of such dispute in a manner consistent with such resolution.

  

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(ii)       Mixed
Business Tax Returns. To the extent that the positions taken on any Mixed Business Tax Return would reasonably be expected to materially
adversely affect the Tax position of the party other than the party that is required to prepare and file any such Tax Return pursuant
to Section 2.02 (the “Reviewing Party”) in any Post-Closing Period, the party required to prepare and file such Tax
Return (the “Preparing Party”) shall prepare the portions of such Tax Return that relates to the business of the Reviewing
Party (the VAR Business or the IPA Business, as the case may be) in a manner that is consistent with Past Practice unless otherwise
required by applicable Law or agreed to in writing by the Parties, and shall provide a draft of such portion of such Tax Return
to the Reviewing Party for its review and comment at least 30 days prior to the Due Date for such Tax Return, provided, however,
that nothing herein shall prevent the Preparing Party from timely filing any such Tax Return. In the event that Past Practice is
not applicable to a particular item or matter, the Preparing Party shall determine the reporting of such item or matter in good
faith. The Parties shall negotiate in good faith to resolve all disputed issues. Any disputes that the Parties are unable to resolve
shall be resolved by the Accounting Firm pursuant to Section 7.01. In the event that any dispute is not resolved (whether pursuant
to good faith negotiations among the Parties or by the Accounting Firm) prior to the Due Date for the filing of any such Tax Return,
such Tax Return shall be timely filed by the Preparing Party and the Parties agree to amend such Tax Return as necessary to reflect
the resolution of such dispute in a manner consistent with such resolution.

 

(b)       Procedures
relating to Single Business Returns. The Party that is required to prepare and file any Single Business Return pursuant to Section
2.03 (the “Single Business Return Preparing Party”) which reflects Taxes which are reimbursable by the other Party
(the “Single Business Return Reviewing Party”), in whole or in part, shall (x) unless otherwise required by Law or
agreed to in writing by the Single Business Return Reviewing Party, prepare such Tax Return in a manner consistent with Past Practice
to the extent such items affect the Taxes for which the Single Business Return Reviewing Party is responsible pursuant to this
Agreement, and (y) submit to the Single Business Return Reviewing Party a draft of any such Tax Return (or to the extent practicable
the portion of such Tax Return that relates to Taxes for which the Single Business Return Reviewing Party is responsible pursuant
to this Agreement) along with a statement setting forth the calculation of the Tax shown due and payable on such Tax Return reimbursable
by the Single Business Return Reviewing Party under Section 2.03 at least 30 days prior to the Due Date for such Tax Return provided,
however, that nothing herein shall prevent the Single Business Return Preparing Party from timely filing any such Single Business
Return. The Parties shall negotiate in good faith to resolve all disputed issues. Any disputes that the Parties are unable to resolve
shall be resolved by the Accounting Firm pursuant to Section 7.01. In the event that any dispute is not resolved (whether pursuant
to good faith negotiations among the Parties or by the Accounting Firm) prior to the Due Date for the filing of any Single Business
Return, such Single Business Return shall be timely filed by the Single Business Return Preparing Party and the Parties agree to
amend such Single Business Return as necessary to reflect the resolution of such dispute in a manner consistent with such resolution.

  

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Section 2.05Amended Returns. Except
as provided in Section 2.04 to reflect the resolution of any dispute by the Accounting Firm pursuant to Section 7.01, (a) except
with the prior written consent of Inpixon (such consent not to be unreasonably withheld, delayed or conditioned), Sysorex shall
not, and shall not permit any Sysorex Entity to, amend any Tax Return of Sysorex or any Sysorex Entity for any Pre-Closing Period
or Straddle Period to the extent such amendment could reasonably be expected to result in an indemnification obligation on the
part of Inpixon pursuant to Article III or otherwise increase the Taxes of any member of the Inpixon Group and (b) except with
the prior written consent of Sysorex (such consent not to be unreasonably withheld, delayed or conditioned), Inpixon shall not,
and shall not permit any Inpixon Entity to, amend any Tax Return for any Pre-Closing Period or Straddle Period to the extent such
amendment could reasonably be expected to result in an indemnification obligation on the part of Sysorex pursuant to Article III
or otherwise increase the Taxes of any member of the Sysorex Group.

 

Section 2.06Straddle Period Tax Allocation.
Inpixon and Sysorex shall take all actions necessary or appropriate to close the taxable year of Sysorex and each Sysorex Entity
for all Tax purposes as of the close of the Distribution Date to the extent permissible or required under applicable Law. If applicable
Law does not require or permit Sysorex or a Sysorex Entity, as the case may be, to close its taxable year on the Distribution Date,
then the allocation of income or deductions required to determine any Taxes or other amounts attributable to the portion of the
Straddle Period ending on, or beginning after, the Distribution Date shall be made by means of a closing of the books and records
of Sysorex or such Sysorex Entity as of the close of the Distribution Date; provided that exemptions, allowances or deductions
that are calculated on an annual or periodic basis shall be allocated between such portions in proportion to the number of days
in each such portion; provided, further, that real property and other property or similar periodic Taxes shall be apportioned on
a per diem basis.

 

Section 2.07Timing of Payments. All
Taxes required to be paid or caused to be paid pursuant to this Article II by either Inpixon or an Inpixon Entity or Sysorex or
a Sysorex Entity, as the case may be, to an applicable Taxing Authority or reimbursed by Inpixon or Sysorex to the other Party
pursuant to this Agreement, shall, in the case of a payment to a Taxing Authority, be paid on or before the Due Date for the payment
of such Taxes and, in the case of a reimbursement to the other Party, be paid at least two business days before the Due Date for
the payment of such Taxes by the other Party; provided that the Party seeking reimbursement shall furnish such other Party reasonably
satisfactory documentation setting forth the basis for, and calculation of, the amount of such reimbursement obligation at least
20 days before such Due Date.

  

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Section 2.08Expenses. Except as provided
in Section 7.01 in respect of the expenses relating to the Accounting Firm, each Party shall bear its own expenses incurred in
connection with this Article II.

 

Section 2.09Apportionment of Sysorex
Taxes. For all purposes of this Agreement, but subject to Section 4.03, Inpixon and Sysorex shall jointly determine in good faith
which Tax Items are properly attributable to assets or activities of the VAR Business (and in the case of a Tax Item that is properly
attributable to both the VAR Business and the IPA Business, the allocation of such Tax Item between the VAR Business and the IPA
Business) in a manner consistent with the Past Practices of the Parties and the provisions of this Agreement and any disputes shall
be resolved by the Accounting Firm in accordance with Section 7.01.

 

Section 2.10Distribution Tax Reporting.
The Parties shall cause the Distribution to be reported to holders of Parent Shares. The Parties shall not take any position on
any U.S. federal or state income tax return or take any other U.S. tax reporting position that is inconsistent with the treatment
of the Distribution as a distribution to which Section 301 of the Code applies, except as otherwise required by applicable Law.

 

ARTICLE III

 

INDEMNIFICATION

 

Section 3.01Indemnification by Inpixon.
Subject to Section 3.03, Inpixon shall pay, and shall indemnify and hold the Sysorex Group harmless from and against, without duplication,
(a) all Inpixon Taxes, (b) all Taxes incurred by Sysorex or any Sysorex Entity arising out of, attributable to, or resulting from
the breach by Inpixon of any of its covenants hereunder, and (c) any out-of-pocket costs and expenses related to the foregoing
(including reasonable attorneys’ fees and expenses).

 

Section 3.02Indemnification by Sysorex.
Subject to Section 3.03, Sysorex shall pay, and shall indemnify and hold the Inpixon Group harmless from and against, without duplication,
(a) all Sysorex Taxes, (b) all Taxes incurred by Inpixon or any Inpixon Entity arising out of, attributable to, or resulting from
the breach by Sysorex of any of its covenants hereunder, and (c) any out-of-pocket costs and expenses related to the foregoing
(including reasonable attorneys’ fees and expenses).

 

Section 3.03Characterization of and
Adjustments to Payments.

 

(a)       For
all Tax purposes, Inpixon and Sysorex shall treat any payment by Inpixon to a member of the Sysorex Group or by Sysorex to a member
of the Inpixon Group required by this Agreement (other than payments with respect to interest accruing after the Distribution Date)
as either a contribution by Inpixon to Sysorex or a distribution by Sysorex to Inpixon, as the case may be, occurring immediately
prior to the Distribution.

  

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(b)       Notwithstanding
the foregoing, the amount that any Indemnifying Party is or may be required to provide indemnification to or on behalf of any Indemnified
Party pursuant to Article III of this Agreement shall be (i) decreased to take into account any Tax Benefit to the Indemnified
Party (or any of its affiliates) arising from the incurrence or payment of the relevant indemnified item and actually realized
in or prior to the taxable year succeeding the taxable year in which the indemnified item is incurred (which Tax Benefit would
not have arisen or been allowable but for such indemnified item), and (ii) increased to take into account any actual Tax Cost of
the Indemnified Party (or any of its affiliates) arising from the receipt of the relevant indemnity payment.

 

Section 3.04Timing of Indemnification
Payments. Indemnification payments in respect of any liabilities for which an Indemnified Party is entitled to indemnification
pursuant to this Article III shall be paid by the Indemnifying Party to the Indemnified Party within 10 days after written notification
thereof by the Indemnified Party, including reasonably satisfactory documentation setting forth the basis for, and calculation
of, the amount of such indemnification payment, or within 10 days after resolution pursuant to Section 7.01.

 

Section 3.05Indemnification Payments
under Ancillary Agreements. To the extent that an indemnification payment is made under any Ancillary Agreement, such indemnification
payment shall be decreased to take into account the Tax Benefit actually realized (whether directly or indirectly) by the indemnified
party and increased to take into account any Tax Cost actually incurred (whether directly or indirectly) by the indemnified party
under principles analogous to the principles described in Section 3.03 hereof.

 

ARTICLE IV

 

REFUNDS, CARRYBACKS, TIMING DIFFERENCE
AND TAX ATTRIBUTES

 

Section 4.01Refunds and Credits.

 

(a)       Except
as provided in Section 4.02, Inpixon shall be entitled to all Refunds of Taxes for which Inpixon is responsible pursuant to Article
III, and Sysorex shall be entitled to all Refunds of Taxes for which Sysorex is responsible pursuant to Article III. For the avoidance
of doubt, to the extent that a particular Refund of Taxes may be allocable to a Straddle Period with respect to which the Parties
may share responsibility pursuant to Article III, the portion of such Refund to which each Party will be entitled shall be determined
by comparing the amount of payments made by a Party (or any of member of such Party’s Group) to a Taxing Authority or to
the other Party (and reduced by the amount of payments received from the other Party) pursuant to Articles II and III hereof with
the Tax liability of such Party as determined under Section 2.06, taking into account the facts as utilized for purposes of claiming
such Refund. If a Party (or any member of its Tax Group) receives a Refund to which the other Party is entitled pursuant to this
Agreement, such Party shall pay the amount to which such other Party is entitled (net of any Taxes imposed with respect to such
refund and any other reasonable out-of-pocket costs incurred by such Party) within 10 days after the receipt of the Refund.

  

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(b)       Notwithstanding
Section 4.01(a), to the extent that a Party (or any member of its Tax Group) applies or causes to be applied an overpayment of
Taxes as a credit toward or a reduction in Taxes otherwise payable (or a Taxing Authority requires such application in lieu of
a Refund) and such overpayment of Taxes, if received as a Refund, would have been payable by such Party to the other Party pursuant
to this Section 4.01, such Party shall pay such amount to the other Party no later than 10 days following the date on which the
overpayment is reflected on a filed Tax Return.

 

(c)       To
the extent that the amount of any Refund under this Section 4.01 is later reduced by a Taxing Authority or in a Tax Proceeding,
such reduction shall be allocated to the Party to which such Refund was allocated pursuant to this Section 4.01 and an appropriate
adjusting payment shall be made.

 

Section 4.02Carrybacks. Except to the
extent otherwise consented to by Inpixon or prohibited by applicable Law, Sysorex (or the appropriate member of its Tax Group)
shall elect to relinquish, waive or otherwise forgo the carryback of any loss, credit or other Tax Attribute from any Post-Closing
Period to any Pre-Closing Period or Straddle Period with respect to members of the Sysorex Group (a “Carryback”). In
the event that Sysorex (or the appropriate member of its Tax Group) is prohibited by applicable Law to relinquish, waive or otherwise
forgo a Carryback (or Inpixon consents to a Carryback), Inpixon shall cooperate with Sysorex, at Sysorex’s expense, in seeking
from the appropriate Taxing Authority such Refund as reasonably would result from such Carryback, to the extent that such Refund
is directly attributable to such Carryback, and shall pay over to Sysorex the amount of such Refund, net of any Taxes imposed on
the receipt of such Refund and any other reasonable out-of-pocket costs, within 10 days after such Refund is received.

 

Section 4.03Tax Attributes.

 

(a)       As
soon as reasonably practicable after the Distribution Date, Inpixon shall reasonably determine in good faith the allocation of
Tax Attributes, as well as any limitations on the use thereof, arising in a Pre-Closing Period to the Inpixon Group and the Sysorex
Group in accordance with the Code and Treasury Regulations including Treasury Regulations Sections 1.1502-9T(c), 1.1502-21, 1.1502-21T,
1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A, and 1.1502-95 (and any applicable state, local and foreign Tax Laws). Subject
to the preceding sentence, Inpixon shall be entitled to make any determination as to (A) basis, and (B) valuation, and shall make
such determinations reasonably and in good faith and consistent with Past Practice, where applicable. Inpixon shall consult in
good faith with Sysorex regarding such allocation of Tax Attributes and determinations as to basis and valuation, and shall consider
in good faith any comments received in writing from Sysorex regarding such allocation and determinations. Inpixon and Sysorex hereby
agree to compute all Taxes for Post-Closing Periods consistently with the determination of the allocation of Tax Attributes pursuant
to this Section 4.03(a) unless otherwise required by a Final Determination.

 

(b)       To
the extent that the amount of any Tax Attribute is later reduced or increased by a Taxing Authority or Tax Proceeding, such reduction
or increase shall be allocated to the Party to which such Tax Attribute was allocated pursuant to Section 4.03(a).

  

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Section 4.04Timing Differences. If pursuant
to a Final Determination an Adjustment (i) increases the amount of liability for any Taxes for which a member of the Inpixon Group
is responsible hereunder and a Tax Benefit is made allowable to Sysorex or a member of its Tax Group for any Tax period after the
Distribution Date, which Tax Benefit would not have arisen or been allowable but for such Adjustment, and which Tax Benefit reduces
Taxes in respect of a Tax period for which Sysorex or a member of its Tax Group is liable (and for which no member of the Inpixon
Group is liable) or (ii) increases the amount of liability for any Taxes for which a member of the Sysorex Group is responsible
hereunder and a Tax Benefit is made allowable to Inpixon or a member of its Tax Group for any Tax period prior to the Distribution
Date, which Tax Benefit would not have arisen or been allowable but for such Adjustment, and which Tax Benefit reduces Taxes in
respect of a Tax period which Inpixon or a member of its Tax Group is liable (and for which no member of the Sysorex Group is liable),
then Sysorex or Inpixon, as the case may be, shall make a payment to either Inpixon or Sysorex, as appropriate, within 30 days
of the date that such paying Party (or any of its Tax Group members) actually receives such Tax Benefit (determined by comparing
its (and its Tax Group members’) Tax liability with and without the Tax consequences of the Adjustment), which payment shall
not exceed the increase in the amount of liability for any Taxes resulting from such Adjustment, for which a member of the Inpixon
Group or Sysorex Group, as the case may be, is responsible hereunder.

 

Section 4.05Tax Benefit Determinations.
Notwithstanding anything herein to the contrary, if and to the extent a Party owns, directly or indirectly, less than 100% of the
equity of any entity and as a result of such less-than-100% ownership interest in the entity such entity is not a member of the
Party’s Tax Group, then the amount of the Tax Benefit payment under Article IV shall be appropriately adjusted to take into
account the percentage ownership (based on value) of any such entity, and shall be determined and due and owing even if such entity
is not a member of the Tax Group of a Party.

 

Section 4.06Supporting Documentation.
If a Party seeks any payment from the other Party pursuant to Article IV, the requesting Party shall furnish such other Party reasonably
satisfactory documentation setting forth the basis for, and the calculation of, the amount of such payment obligation. If such
other Party disagrees with the determination of the amount of the payment obligation set forth therein, any disputes shall be resolved
by the Accounting Firm in accordance with Section 7.01

 

ARTICLE V

 

TAX PROCEEDINGS

 

Section 5.01Notification of Tax Proceedings.
Within 10 days after an Indemnified Party becomes aware of the commencement of a Tax Proceeding that may give rise to Taxes for
which an Indemnifying Party is responsible pursuant to Article III, such Indemnified Party shall notify the Indemnifying Party
of such Tax Proceeding, and thereafter shall promptly forward or make available to the Indemnifying Party copies of notices and
communications relating to such Tax Proceeding. The failure of the Indemnified Party to notify the Indemnifying Party of the commencement
of any such Tax Proceeding within such 10 day period or promptly forward any further notices or communications shall not relieve
the Indemnifying Party of any obligation which it may have to the Indemnified Party under this Agreement except to the extent that
the Indemnifying Party is prejudiced by such failure.

  

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Section 5.02Tax Proceeding Procedures
Generally.

 

(a)       Tax
Proceedings relating to Inpixon Consolidated Returns. Inpixon shall be entitled to contest, compromise, control and settle any
adjustment or deficiency proposed, asserted or assessed pursuant to any Tax Proceeding with respect to any Inpixon Consolidated
Return; provided that to the extent such Tax Proceeding could reasonably be expected to adversely affect the amount of Taxes for
which Sysorex is responsible pursuant to Article III less the amount payable to Sysorex pursuant to Section 4.04, Inpixon shall
(i) defend such Tax Proceeding diligently and in good faith and (ii) shall keep Sysorex informed in a timely manner of all actions
proposed to be taken by Inpixon with respect to such Tax Proceeding (or to the extent practicable the portion of such Tax Proceeding
that relates to Taxes for which Sysorex is responsible pursuant to Article III), (C) shall permit Sysorex to participate (at Sysorex’s
sole expense) in all proceedings with respect to such tax Proceeding (or to the extent practicable the portion of such Tax Proceeding
that relates to Taxes for which Sysorex is responsible pursuant to Article III), and (D) shall not settle any such Tax Proceeding
without the prior written consent of Sysorex, which shall not be unreasonably withheld, conditioned or delayed.

 

(b)       Tax
Proceedings relating to Other Returns. The Preparing Party (in the case of a Mixed Business Tax Return) or the Single Business
Return Preparing Party (in the case of a Single Business Return) shall be entitled to contest, compromise, control and settle any
adjustment or deficiency proposed, asserted or assessed pursuant to any Tax Proceeding with respect to any Mixed Business Tax Return
or Single Business Return; provided that to the extent such Tax Proceeding could reasonably be expected to adversely affect the
amount of Taxes for which the Reviewing Party or Single Business Return Reviewing Party (as applicable) is responsible pursuant
to Article III, the controlling party shall (A) defend such Tax Proceeding diligently and in good faith, (B) shall keep the non-controlling
party informed in a timely manner of all actions proposed to be taken by the controlling party with respect to such Tax Proceeding
(or to the extent practicable the portion of such Tax Proceeding that relates to Taxes for which the non-controlling party is responsible
pursuant to Article III), (C) shall permit the non-controlling party to participate (at the non-controlling party’s sole
expense) in all proceedings with respect to such Tax Proceeding (or to the extent practicable the portion of such Tax Proceeding
that relates to Taxes for which the non-controlling party is responsible pursuant to Article III), and (D) shall not settle any
such Tax Proceeding without the prior written consent of the non-controlling party, which shall not be unreasonably withheld, conditioned
or delayed.

 

ARTICLE VI

 

COOPERATION

 

Section 6.01General Cooperation.

 

(a)       The
Parties shall each cooperate fully (and each shall cause its respective Subsidiaries to cooperate fully) with all reasonable requests
in writing from another Party hereto, or from an agent, representative or advisor to such Party, in connection with the preparation
and filing of Tax Returns, claims for Refunds, Tax Proceedings, and calculations of amounts required to be paid pursuant to this
Agreement, in each case, related or attributable to or arising in connection with Taxes of either of the Parties or their respective
Subsidiaries covered by this Agreement and in connection with any financial reporting matter relating to Taxes (a “Tax Matter”).
Such cooperation shall include the provision of any information reasonably necessary or helpful in connection with a Tax Matter
(“Information”) and shall include, without limitation:

 

(i)       the
provision of any Tax Returns, other than any Inpixon Consolidated Return, of the Parties and their respective Subsidiaries, books,
records (including information regarding ownership and Tax basis of property), documentation and other information relating to
such Tax Returns, including accompanying schedules, related work papers, and documents relating to rulings or other determinations
by Taxing Authorities (or, in the case of any Mixed Business Income Tax Return, to the extent practicable, the portion of such
Tax Return that relates to Taxes for which Sysorex is responsible pursuant to this Agreement);

  

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(ii)       the
execution of any document (including any power of attorney) in connection with any Tax Proceedings of either of the Parties or
their respective Subsidiaries, or the filing of a Tax Return or a Refund claim of the Parties or any of their respective Subsidiaries;

 

(iii)       the
use of the Party’s commercially reasonable efforts to obtain any documentation in connection with a Tax Matter;

 

(iv)       the
use of the Party’s commercially reasonable efforts to obtain any Tax Returns (including accompanying schedules, related work
papers, and documents) (other than any Inpixon Consolidated Return), documents, books, records or other information in connection
with the filing of any Tax Returns of either of the Parties or their Subsidiaries (or, in the case of any Mixed Business Income
Tax Return, to the extent practicable, the portion of such Tax Return, documents, books, records or other information that relates
to Taxes for which Sysorex is responsible pursuant to this Agreement); and

 

(v)       the
making of each Party’s employees, advisors, and facilities available on a reasonable and mutually convenient basis in connection
with the foregoing matters.

 

(b)       Notwithstanding
anything in this Agreement to the contrary, neither Party shall be required to provide the other Party or any of such other Party’s
Subsidiaries access to or copies of information, documents or personnel if such action could reasonably be expected to result in
the waiver of any Privilege. In the event that either Party determines that the provision of any information or documents to the
other Party or any of such other Party’s Subsidiaries could be commercially detrimental, violate any law or agreement or
waive any Privilege, the Parties shall use commercially reasonable efforts to permit compliance with its obligations hereunder
in a manner that avoids any such harm or consequence.

 

(c)       The
Parties shall perform all actions required or permitted under this Agreement in good faith. If one Party requests the cooperation
of the other Party pursuant to this Section 6.01 or any other provision of this Agreement, except as otherwise expressly provided
in this Agreement, the requesting Party shall reimburse such other Party for all reasonable out-of-pocket costs and expenses incurred
by such other Party in complying with the requesting Party’s request.

  

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Section 6.02Retention of Records. Inpixon
and Sysorex shall retain or cause to be retained all Tax Returns, schedules and work papers, and all material records or other
documents relating thereto in their possession, in each case that relate to a Pre-Closing Period, until the later of the six-year
anniversary of the filing of the relevant Tax Return or, upon the written request of the other Party, for a reasonable time thereafter
(the “Retention Period”). Upon the expiration of the Retention Period, the foregoing information may be destroyed or
disposed of by the Party retaining such documentation or other information unless the other Party otherwise requests in writing
before the expiration of the Retention Period. In such case, the Party retaining such documentation or other information shall
deliver such materials to the other Party or continue to retain such materials, in either case at the expense of such other Party.

 

ARTICLE VII

 

MISCELLANEOUS

 

Section 7.01Dispute Resolution. In the
event of any dispute between the Parties as to any matter covered by this Agreement, the Parties shall appoint a nationally recognized
public accounting firm reasonably acceptable to both of the Parties (the “Accounting Firm”) to resolve such dispute.
In this regard, the Accounting Firm shall make determinations with respect to the disputed items based solely on representations
made by Inpixon and Sysorex and their respective representatives, and not by independent review, and shall function only as an
expert and not as an arbitrator and shall be required to make a determination within the ranges submitted by the Parties. The Parties
shall require the Accounting Firm to resolve all disputes no later than 30 days after the submission of such dispute to the Accounting
Firm, and agree that all decisions by the Accounting Firm with respect thereto shall be final and conclusive and binding on the
Parties. The Accounting Firm shall resolve all disputes in a manner consistent with this Agreement and, to the extent not inconsistent
with this Agreement, in a manner consistent with the Past Practices of Inpixon and its Subsidiaries, except as otherwise required
by applicable Law. The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in reasonable
detail, the basis for such determination. The total costs and expenses of the Accounting Firm will be allocated and borne between
Inpixon and Sysorex based upon that percentage of such fees and expenses equal to the percentage of the dollar value of the proposed
determinations submitted to the Accounting Firm determined in favor of the other Party; provided, that if in light of the nature
of the dispute the foregoing is not feasible, such costs and expenses shall be borne equally by the Parties. Any initial retainer
required by the Accounting Firm shall be funded equally by the Parties (and, following the Accounting Firm’s determination,
the Parties shall make appropriate payments between themselves as are necessary to give effect to the preceding sentence).

 

Section 7.02Interest on Late Payments.
With respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement
for such payment, the outstanding amount will accrue interest at a rate per annum equal to the Prime Rate, as defined in the Separation
Agreement.

  

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Section 7.03Survival of Covenants. Except
as otherwise contemplated by this Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive
the Distribution and remain in full force and effect in accordance with their applicable terms.

 

Section 7.04Successors. This Agreement
shall be binding on and inure to the benefit of any successor by merger, acquisition of assets, or otherwise, to either of the
Parties hereto (including without limitation any successor of Inpixon or Sysorex succeeding to the Tax Attributes of either under
Section 381 of the Code), to the same extent as if such successor had been an original party to this Agreement.

 

Section 7.05Severability. If any term
or other provision of this Agreement is invalid, illegal or incapable of being enforced under any Law or as a matter of public
policy, all other conditions and provisions of this Agreement shall remain in full force and effect. Upon such determination that
any term or other provision is invalid, illegal or incapable of being enforced, the Parties to this Agreement shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable
manner.

 

Section 7.06Entire Agreement. Except
as otherwise expressly provided in this Agreement, this Agreement, the Separation Agreement and the other Ancillary Agreements
constitute the entire agreement of the Parties hereto with respect to the subject matter of this Agreement and supersedes all prior
agreements and undertakings, both written and oral, between or on behalf of the Parties hereto with respect to the subject matter
of this Agreement.

 

Section 7.07Assignment; No Third-Party
Beneficiaries. This Agreement shall not be assigned by any Party without the prior written consent of the other Parties hereto,
except that each Party may assign (a) any or all of its rights and obligations under this Agreement to any of its Subsidiaries
and (b) any or all of its rights and obligations under this Agreement in connection with a sale or disposition of any of its assets
or entities or lines of business; provided, however, that, in each case, no such assignment shall release such Party from any liability
or obligation under this Agreement. Except as provided in Article III with respect to indemnified Parties, this Agreement is for
the sole benefit of the Parties to this Agreement and their respective Subsidiaries and their permitted successors and assigns
and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any legal or equitable
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

Section 7.08Specific Performance. In
the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement,
the Party who is or is to be thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief
of its rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights
and remedies shall be cumulative. The Parties agree that the remedies at law for any breach or threatened breach, including monetary
damages, may be inadequate compensation for any loss and that any defense in any action for specific performance that a remedy
at law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived by the
Parties to this Agreement.

  

    	 	19	 

     

    

 

Section 7.09Amendment. No provision
of this Agreement may be amended or modified except by a written instrument signed by the Parties to this Agreement. No waiver
by any Party of any provision of this Agreement shall be effective unless explicitly set forth in writing and executed by the Party
so waiving. The waiver by any Party of a breach of any provision of this Agreement shall not operate or be construed as a waiver
of any other subsequent breach.

 

Section 7.10Rules of Construction. Interpretation
of this Agreement shall be governed by the following rules of construction: (a) words in the singular shall be held to include
the plural and vice versa and words of one gender shall be held to include the other gender as the context requires; (b) references
to the terms Article, Section, paragraph, clause, Exhibit and Schedule are references to the Articles, Sections, paragraphs, clauses,
exhibits and schedules of this Agreement unless otherwise specified; (c) the terms “hereof,” “herein,”
“hereby,” “hereto,” and derivative or similar words refer to this entire Agreement, including the Schedules
and Exhibits hereto; (d) references to “$” shall mean U.S. dollars; (e) the word “including” and words
of similar import when used in this Agreement shall mean “including without limitation,” unless otherwise specified;
(f) the word “or” shall not be exclusive; (g) references to “written” or “in writing” include
in electronic form; (h) provisions shall apply, when appropriate, to successive events and transactions; (i) the headings contained
in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement;
(j) Inpixon and Sysorex have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question
of interpretation should arise, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof shall arise favoring or burdening either Party by virtue of the authorship of any of the provisions in this
Agreement or any interim drafts of this Agreement; and (k) a reference to any Person includes such Person’s successors and
permitted assigns.

 

Section 7.11Counterparts. This Agreement
may be executed in one or more counterparts each of which when executed shall be deemed to be an original but all of which taken
together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by facsimile or portable document format (PDF) shall be as effective as delivery of a manually executed counterpart of any such
Agreement.

 

Section 7.12Coordination with the Employee
Matters Agreements. To the extent any covenants or agreements between the Parties with respect to employee withholding Taxes are
set forth in the Employee Matters Agreement, such Taxes shall be governed exclusively by the Employee Matters Agreement and not
by this Agreement.

 

Section 7.13Expenses. Except as otherwise
provided in this Agreement, whether or not the Distribution or the other transactions contemplated by this Agreement are consummated,
all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the
Party incurring such costs or expenses.

  

    	 	20	 

     

    

 

Section 7.14Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect to any choice or conflict
of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause the application of the laws
of any jurisdiction other than the State of Nevada.

 

Section 7.15Notices. All notices, requests,
claims, demands or other communications under this Agreement shall be in writing and shall be given or made (and shall be deemed
to have been duly given or made upon receipt) by delivery in person, by overnight courier service, or by facsimile with receipt
confirmed, to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in
a notice given in accordance with this Section 7.15:

 

If to Inpixon prior to or after the Distribution Date, to:

 

Inpixon

2479 E. Bayshore Road, Suite 195

Palo Alto, California 94303

Attn.: Chief Executive Officer

Fax No.:

 

with a copy to (which will not constitute notice):

 

Melanie Figueroa, Esq.

Mitchell Silberberg & Knupp LLP

12 East 49th Street, 30th Floor

New York, New York 10017

Fax No.: (212) 509-7239

 

If to Sysorex prior to the Distribution Date, to:

 

Sysorex, Inc.

2479 E. Bayshore Road, Suite 195

Palo Alto, California 94303

Attn.: Chief Executive Officer

Fax No.: (408) 824-1543

 

with a copy to (which will not constitute notice):

 

Melanie Figueroa, Esq.

Mitchell Silberberg & Knupp LLP

12 East 49th Street, 30th Floor

New York, New York 10017

Fax No.: (212) 509-7239

  

    	 	21	 

     

    

 

If to Sysorex from and after the Distribution Date, to:

 

Sysorex, Inc.

2355 Dulles Corner Boulevard, Suite 600

Herndon, Virginia 20171

Attn.: Chief Executive Officer

Fax No.: (703) 880-7219

 

with a copy to (which will not constitute notice):

 

Melanie Figueroa, Esq.

Mitchell Silberberg & Knupp LLP

12 East 49th Street, 30th Floor

New York, New York 10017

Fax No.: (212) 509-7239

 

A Party may, by notice to the other Party, change the address
to which such notices are to be given. Any notice to Inpixon will be deemed notice to all members of the Inpixon Group, and any
notice to Sysorex will be deemed notice to all members of the Sysorex Group.

 

Section 7.16Coordination with Ancillary
Agreements. Except as explicitly set forth in the Separation Agreement or any other Ancillary Agreement, this Agreement shall be
the exclusive agreement among the Parties with respect to all Tax matters, including indemnification in respect of Tax matters.
The Parties agree that this Agreement shall take precedence over any and all agreements among the Parties with respect to Tax matters.

 

Section 7.17Effective Date. This Agreement
shall become effective only upon the occurrence of the Distribution.

 

[The remainder of this page is intentionally
left blank.]

  

    	 	22	 

     

    

 

IN WITNESS WHEREOF, the Parties have caused
this Agreement to be duly executed as of the day and year first above written.

  

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

  

    	 	23

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