Document:

Exhibit
10.10 

  

 

 

 

EMPLOYEE
MATTERS AGREEMENT

 

BY
AND BETWEEN

 

INPIXON

 

AND

 

SYSOREX,
INC.

 

DATED
AS OF [____], 2018

  

 

 

 

     

     

    

 

TABLE
OF CONTENTS

 

	ARTICLE
    I DEFINITIONS	3
	 	 	 
	Section
    1.01.	Definitions	3
	Section
    1.02.	Interpretation	7
	 	 	 
	ARTICLE
    II GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIES	7
	 	 	 
	Section
    2.01.	General
    Principles	7
	Section
    2.02.	Service
    Credit	8
	Section
    2.03.	Adoption
    and Transfer and Assumption of Benefit Plans	9
	Section
    2.04.	Individual
    Agreements	10 
	 	 	 
	ARTICLE
    III ASSIGNMENT OF EMPLOYEES	10
	 	 	 
	Section
    3.01.	Assignment
    and Transfer of Employees	10
	Section
    3.02.	At-Will
    Status	11
	Section
    3.03.	Severance	11
	Section
    3.04.	Not
    a Change in Control	11
	 	 	 
	ARTICLE
    IV EQUITY, INCENTIVE AND EXECUTIVE COMPENSATION	11
	 	 	 
	Section
    4.01.	Generally	11
	Section
    4.02.	Equity
    Incentive Awards	12
	Section
    4.03.	Employee
    Stock Purchase Plan	14
	Section
    4.04.	Non-Equity
    Incentive Plans	
	Section
    4.05.	Director
    Compensation	
	 	 	 
	ARTICLE
    V RETIREMENT PLANS	14
	 	 	 
	Section
    5.01.	Establishment
    of Plan	14
	Section
    5.02.	Rollover
    of Account Balances	14
	Section
    5.03.	Plan
    Fiduciaries	14
	 	 	 
	ARTICLE
    VI WELFARE BENEFIT PLANS	15 
	 	 	 
	Section
    6.01.	Welfare
    Plans	15
	Section
    6.02.	COBRA
    and HIPAA	16
	Section
    6.03.	Vacation,
    Holidays and Leaves of Absence	16
	Section
    6.04.	Severance
    and Unemployment Compensation	17
	Section
    6.05.	Workers’
    Compensation	17
	Section
    6.06.	Insurance
    Contracts	17
	Section
    6.07.	Third-Party
    Vendors	17
	 	 	 
	ARTICLE
    VII MISCELLANEOUS	17
	 	 	 
	Section
    7.01.	Information
    Sharing and Access	17
	Section
    7.02.	Preservation
    of Rights to Amend	19
	Section
    7.03.	Fiduciary
    Matters	19
	Section
    7.04.	Further
    Assurances	19
	Section
    7.05.	Counterparts;
    Entire Agreement; Corporate Power	19
	Section
    7.06.	Governing
    Law	20
	Section
    7.07.	Assignability	20
	Section
    7.08.	Third-Party
    Beneficiaries	21
	Section
    7.09.	Notices	21
	Section
    7.10.	Severability	22
	Section
    7.11.	Force
    Majeure	22
	Section
    7.12.	Headings	22
	Section
    7.13.	Survival
    of Covenants	22
	Section
    7.14.	Waivers
    of Default	23
	Section
    7.15.	Dispute
    Resolution	23
	Section
    7.16.	Specific
    Performance	23
	Section
    7.17.	Amendments	23
	Section
    7.18.	Interpretation	23
	Section
    7.19.	Limitations
    of Liability	23
	Section
    7.20.	Mutual
    Drafting	23

 

    	 	2	 

     

    

 

EMPLOYEE
MATTERS AGREEMENT

 

This
EMPLOYEE MATTERS AGREEMENT, dated as of [_____], 2018 (this “Agreement”), is by and between Inpixon, a Nevada corporation
(“Parent”), and Sysorex, Inc., a Nevada corporation (“Sysorex”).

 

R
E C I T A L S:

 

WHEREAS,
the board of directors of Parent (the “Parent Board”) has determined that it is in the best interests of Parent and
its stockholders to create a new publicly traded company that shall operate the Sysorex Business;

 

WHEREAS,
in furtherance of the foregoing, the Parent Board has determined that it is appropriate and desirable to separate the Sysorex
Business from the Parent Business (the “Separation”) and, following the Separation, to make a distribution, on a pro
rata basis, to holders of Parent Shares on the Record Date of all of the outstanding Sysorex Shares owned by Parent (the “Distribution”);

 

WHEREAS,
in order to effectuate the Separation and Distribution, Parent and Sysorex have entered into a Separation and Distribution Agreement,
dated as of August 7, 2018 (the “Separation and Distribution Agreement”);

 

WHEREAS,
in addition to the matters addressed by the Separation and Distribution Agreement, the Parties desire to enter into this Agreement
to set forth the terms and conditions of certain employment, compensation and benefit matters; and

 

WHEREAS,
the Parties acknowledge that this Agreement, the Separation and Distribution Agreement and the Ancillary Agreements represent
the integrated agreement of Parent and Sysorex relating to the Separation and Distribution, are being entered into together and
would not have been entered into independently.

 

NOW,
THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally
bound, hereby agree as follows:

 

ARTICLE
I

 

DEFINITIONS

 

Section
1.01.Definitions. For purposes of this Agreement, the following terms shall have the meanings set forth below. Any terms
that are capitalized but not otherwise defined herein shall have the respective meanings assigned to them in the Separation and
Distribution Agreement.

  

    	 	3	 

     

    

 

“Agreement”
shall have the meaning set forth in the Preamble to this Agreement and shall include all Schedules hereto and all amendments,
modifications, and changes hereto entered into pursuant to Section 7.17.

 

“Benefit
Plan” shall mean any contract, agreement, policy, practice, program, plan, trust, commitment or arrangement providing for
benefits, perquisites or compensation of any nature from an employer to any Employee, or to any family member, dependent, or beneficiary
of any such Employee, including cash or deferred arrangement plans, profit sharing plans, post-employment programs, pension plans,
thrift plans, supplemental pension plans, welfare plans, stock option, stock purchase, stock appreciation rights, restricted stock,
restricted stock units, performance stock units, other equity-based compensation and contracts, agreements, policies, practices,
programs, plans, trusts, commitments and arrangements providing for terms of employment, fringe benefits, severance benefits,
change in control protections or benefits, travel and accident, life, accidental death and dismemberment, disability and accident
insurance, tuition reimbursement, adoption assistance, travel reimbursement, vacation, sick, personal or bereavement days, leaves
of absences and holidays; provided, however, that the term “Benefit Plan” does not include any government-sponsored
benefits, such as workers’ compensation, unemployment or any similar plans, programs or policies or Individual Agreements.

 

“COBRA”
shall mean the U.S. Consolidated Omnibus Budget Reconciliation Act of 1985, as codified at Section 601 et seq. of ERISA and at
Section 4980B of the Code.

 

“Distribution”
shall have the meaning set forth in the Recitals.

 

“Effective
Time” shall have the meaning set forth in the Separation and Distribution Agreement.

 

“Employee”
shall mean any Parent Employee or Sysorex Employee.

 

“ERISA”
shall mean the U.S. Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder.

 

“Former
Employee” shall mean any individual who is a former employee of the Parent Group as of immediately prior to the Effective
Time.

 

“HIPAA”
shall mean the U.S. Health Insurance Portability and Accountability Act of 1996, as amended, and the regulations promulgated thereunder.

 

“Individual
Agreement” shall mean any individual (a) employment contract, (b) retention, severance or change in control agreement, (c)
expatriate (including any international assignee) contract or agreement (including agreements and obligations regarding repatriation,
relocation, equalization of Taxes and living standards in the host country), or (d) other agreement containing restrictive covenants
(including confidentiality, non-competition and non-solicitation provisions) between a member of the Parent Group and a Sysorex
Employee, as in effect immediately prior to the Effective Time.

  

    	 	4	 

     

    

 

“IRS”
shall mean the U.S. Internal Revenue Service.

 

“Parent”
shall have the meaning set forth in the Preamble.

 

“Parent
401(k) Plan” shall mean the 401(k) Plan to be established by Parent at or after the Effective Time.

 

“Parent
Benefit Plan” shall mean any Benefit Plan established, sponsored or maintained by Parent at or after the Effective Time.

 

“Parent
Compensation Committee” shall mean the Compensation Committee of the Parent Board.

 

“Parent
Employees” shall have the meaning set forth in Section 3.01.

 

“Parent
Option Award” shall mean an award of options to purchase Parent Shares granted pursuant to the Parent Stock Incentive Plan
that is outstanding as of immediately prior to the Effective Time.

 

“Parent
Ratio” shall mean the quotient obtained by dividing (a) the Pre-Separation Parent Stock Value by (b) the Post-Separation
Parent Stock Value.

 

“Parent
Stock Incentive Plan” shall mean the Amended and Restated 2011 Employee Stock Incentive Plan.

 

“Parties”
shall mean the parties to this Agreement.

 

“Post-Separation
Parent Option Award” shall mean a Parent Option Award adjusted as of the Effective Time in accordance with Section 4.02(a).

 

“Post-Separation
Parent Stock Value” shall mean the simple average of the closing per-share price of Parent Shares trading on the Nasdaq
Capital Market for each of the first 5 full Trading Sessions immediately after the Effective Time.

 

“Pre-Separation
Parent Stock Value” shall mean the closing per-share price of Parent Shares trading “regular way with due bills”
on the Nasdaq Capital Market as of the last Trading Session prior to the Effective Time.

 

“Separation”
shall have the meaning set forth in the Recitals.

  

    	 	5	 

     

    

 

“Separation
and Distribution Agreement” shall have the meaning set forth in the Recitals to this Agreement.

 

“Sysorex”
shall have the meaning set forth in the Preamble.

 

“Sysorex
401(k) Plan” shall mean the Sysorex USA 401(k) Plan, established by Sysorex prior to the Effective Time.

 

“Sysorex
Benefit Plan” shall mean any Benefit Plan established, sponsored, maintained or contributed to by a member of the Sysorex
Group as of or prior to the Effective Time.

 

“Sysorex
Board” shall mean the Board of Directors of Sysorex.

 

“Sysorex
Employees” shall have the meaning set forth in Section 3.01.

 

“Sysorex
Option Award” shall mean an award of options to purchase Sysorex Shares assumed by Sysorex pursuant to the Sysorex Stock
Incentive Plan in accordance with Section 4.02(a).

 

“Sysorex
Ratio” shall mean the quotient obtained by dividing (a) the Pre-Separation Parent Stock Value by (b) the Sysorex Stock Value.

 

“Sysorex
Stock Incentive Plan” shall mean the Sysorex 2018 Equity Incentive Plan, as established by Sysorex as of the Effective Time
pursuant to Section 4.01.

 

“Sysorex
Stock Value” shall mean the simple average of the closing per-share price of Sysorex Shares trading on the OTCQB for each
of the first 5 full Trading Sessions immediately after the Effective Time.

 

“Sysorex
Welfare Plan” shall mean a Welfare Plan established, sponsored, maintained or contributed to by any member of the Sysorex
Group for the benefit of Sysorex Employees.

 

“Tax”
shall have the meaning set forth in the Tax Matters Agreement.

 

“Trading
Session” shall mean the period of time during any given calendar day, commencing with the determination of the opening price
on the Nasdaq Capital Market, as to the Parent Shares, or the OTCQB, as to the Sysorex Shares, and ending with the determination
of the closing price on the Nasdaq Capital Market or the OTCQB, as applicable, in which trading in the Parent Shares or the Sysorex
Shares, as applicable, is permitted.

 

“Transferred
Director” shall mean each Sysorex non-employee director as of the Effective Time who served as a non-employee director on
the Parent Board immediately prior to the Effective Time.

  

    	 	6	 

     

    

 

“Welfare
Plan” shall mean any “welfare plan” (as defined in Section 3(1) of ERISA) or a “cafeteria plan”
under Section 125 of the Code, and any benefits offered thereunder, and any other plan offering health benefits (including medical,
prescription drug, dental, vision, mental health, substance abuse and retiree health), disability benefits, or life, accidental
death and dismemberment, and business travel insurance, pre-Tax premium conversion benefits, dependent care assistance programs,
employee assistance programs, paid time-off programs, contribution funding toward a health savings account, flexible spending
accounts, supplemental unemployment benefits or severance.

 

Section
1.02.Interpretation. Section 10.15 of the Separation and Distribution Agreement is hereby incorporated by reference.

 

ARTICLE
II

 

GENERAL
PRINCIPLES FOR ALLOCATION OF LIABILITIES

 

Section
2.01.General Principles.

 

(a) Acceptance
and Assumption of Sysorex Liabilities. Except as otherwise provided by this Agreement, on or prior to the Effective Time,
but in any case prior to the Distribution, Sysorex and the applicable Sysorex Designees shall accept, assume and agree faithfully
to perform, discharge and fulfill all of the following Liabilities in accordance with their respective terms (each of which shall
be considered a Sysorex Liability), regardless of when or where such Liabilities arose or arise, or whether the facts on which
they are based occurred prior to or subsequent to the Effective Time, regardless of where or against whom such Liabilities are
asserted or determined (including any Liabilities arising out of claims made by Parent’s or Sysorex’s respective directors,
officers, Employees, Former Employees, agents, Subsidiaries or Affiliates against any member of the Parent Group or the Sysorex
Group) or whether asserted or determined prior to the date hereof, and regardless of whether arising from or alleged to arise
from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the Parent Group or the Sysorex Group,
or any of their respective directors, officers, Employees, Former Employees, agents, Subsidiaries or Affiliates:

 

(i) any
and all wages, salaries, incentive compensation, equity compensation, commissions, bonuses and any other employee compensation
or benefits payable to or on behalf of any Sysorex Employees after the Effective Time, without regard to when such wages, salaries,
incentive compensation, equity compensation, commissions, bonuses or other employee compensation or benefits are or may have been
awarded or earned;

 

(ii) any
and all Liabilities whatsoever with respect to claims under a Sysorex Benefit Plan, taking into account the Sysorex Benefit Plan’s
assumption of Liabilities with respect to Sysorex Employees that were originally the Liabilities of the corresponding Parent Benefit
Plan with respect to periods prior to the Effective Time; and

 

(iii) any
and all Liabilities expressly assumed or retained by any member of the Sysorex Group pursuant to this Agreement.

  

    	 	7	 

     

    

 

(b) Acceptance
and Assumption of Parent Liabilities. Except as otherwise provided by this Agreement, on or prior to the Effective Time, but
in any case prior to the Distribution, Parent and certain members of the Parent Group designated by Parent shall accept, assume
and agree faithfully to perform, discharge and fulfill all of the following Liabilities in accordance with their respective terms
(each of which shall be considered a Parent Liability), regardless of when or where such Liabilities arose or arise, or whether
the facts on which they are based occurred prior to or subsequent to the Effective Time, regardless of where or against whom such
Liabilities are asserted or determined (including any Liabilities arising out of claims made by Parent’s or Sysorex’s
respective directors, officers, Employees, Former Employees, agents, Subsidiaries or Affiliates against any member of the Parent
Group or the Sysorex Group) or whether asserted or determined prior to the date hereof, and regardless of whether arising from
or alleged to arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the Parent Group
or the Sysorex Group, or any of their respective directors, officers, Employees, Former Employees, agents, Subsidiaries or Affiliates:

 

(i) any
and all wages, salaries, incentive compensation, equity compensation, commissions, bonuses and any other employee compensation
or benefits payable to or on behalf of any Parent Employees and Former Employees after the Effective Time, without regard to when
such wages, salaries, incentive compensation, equity compensation, commissions, bonuses or other employee compensation or benefits
are or may have been awarded or earned;

 

(ii) any
and all Liabilities whatsoever with respect to claims under a Parent Benefit Plan, taking into account a corresponding Sysorex
Benefit Plan’s assumption of Liabilities with respect to Sysorex Employees that were originally the Liabilities of such
Parent Benefit Plan with respect to periods prior to the Effective Time; and

 

(iii) any
and all Liabilities expressly assumed or retained by any member of the Parent Group pursuant to this Agreement.

 

(c) Unaddressed
Liabilities. To the extent that this Agreement does not address particular Liabilities under any Benefit Plan and the Parties
later determine that they should be allocated in connection with the Distribution, the Parties shall agree in good faith on the
allocation, taking into account the handling of comparable Liabilities under this Agreement.

 

Section
2.02.Service Credit. As of the Effective Time, the Sysorex Benefit Plans shall, and Sysorex shall cause each member of
the Sysorex Group to, recognize for each Sysorex Employee who is employed immediately following the Effective Time by a member
of the Sysorex Group, full service with Parent or any of its Subsidiaries or predecessor entities at or before the Effective Time,
to the same extent that such service was recognized by Parent for similar purposes prior to the Effective Time as if such full
service had been performed for a member of the Sysorex Group, for purposes of eligibility, vesting and determination of level
of benefits under any such Sysorex Benefit Plan. As of the Effective Time, the Parent Benefit Plans shall, and Parent shall cause
each member of the Parent Group to, recognize for each Parent Employee who is employed immediately following the Effective Time
by a member of the Parent Group, full service with Sysorex or any of its Subsidiaries or predecessor entities at or before the
Effective Time, to the same extent that such service was recognized by Sysorex for similar purposes prior to the Effective Time
as if such full service had been performed for a member of the Parent Group, for purposes of eligibility, vesting and determination
of level of benefits under any such Parent Benefit Plan.

  

    	 	8	 

     

    

 

Section
2.03.Adoption and Transfer and Assumption of Benefit Plans.

 

(a) Adoption
by Parent of Benefit Plans. As of no later than the Effective Time or as soon thereafter as is practicable, Parent shall adopt
Benefit Plans (and related trusts, if applicable) as contemplated by, and in accordance with, the terms of this Agreement.

 

(b) Plans
Not Required to Be Adopted. With respect to any Benefit Plan not listed or otherwise addressed in this Agreement, the Parties
shall agree in good faith on the treatment of such plan taking into account the handling of any comparable plan under this Agreement
and, notwithstanding that Parent shall not have an obligation to continue to maintain any such plan with respect to the provision
of future benefits from and after the Effective Time, Parent shall remain obligated to pay or provide any previously accrued or
incurred benefits to the Parent Employees consistent with Section 2.01(b) of this Agreement.

 

(c) Information
and Operation. Each Party shall use its commercially reasonable efforts to provide the other Party with information describing
each Benefit Plan election made by an Employee or Former Employee that may have application to such Party’s Benefit Plans
from and after the Effective Time, and each Party shall use its commercially reasonable efforts to administer its Benefit Plans
using those elections. Each Party shall, upon reasonable request, use its commercially reasonable efforts to provide the other
Party and the other Party’s respective Affiliates, agents, and vendors all information reasonably necessary to the other
Party’s operation or administration of its Benefit Plans.

 

(d) No
Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution
Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent
that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding
Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding
Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation and Distribution Agreement or in any
Ancillary Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate
vesting distributions or entitlements under any Benefit Plan sponsored or maintained by a member of the Parent Group or member
of the Sysorex Group on the part of any Employee or Former Employee.

  

    	 	9	 

     

    

 

(e) Transition
Services. The Parties acknowledge that the Parent Group or the Sysorex Group may provide administrative services for certain
of the other Party’s compensation and benefit programs for a transitional period. The Parties agree to enter into a business
associate agreement (if required by HIPAA or other applicable health information privacy Laws) in connection with such services.
The parties agree to follow the alternate procedure for United States employment tax withholding as provided in Section 5 of Rev.
Proc. 2004-53, I.R.B. 2004-35 so that each Parent Employee and each Sysorex Employee receives a single Form W-2 for 2018.

 

(f) Beneficiaries.
References to Parent Employees, Sysorex Employees, Former Employees, and current and former non-employee directors of either Parent
or Sysorex, shall be deemed to refer to their beneficiaries, dependents, survivors and alternate payees, as applicable.

 

Section
2.04.Individual Agreements.

 

(a) Assignment
by Sysorex. To the extent necessary, Sysorex shall assign, or cause an applicable member of the Sysorex Group to assign, to
Parent or another member of the Parent Group, as designated by Parent, all Individual Agreements, with such assignment to be effective
as of no later than the Effective Time; provided, however, that to the extent that assignment of any such Individual Agreement
is not permitted by the terms of such agreement or by applicable Law, effective as of the Effective Time, each member of the Parent
Group shall be considered to be a successor to each member of the Sysorex Group for purposes of, and a third-party beneficiary
with respect to, such Individual Agreement, such that each member of the Parent Group shall enjoy all of the rights and benefits
under such agreement (including rights and benefits as a third-party beneficiary), with respect to the business operations of
the Parent Group; provided, further, that in no event shall Sysorex be permitted to enforce any Individual Agreement (including
any agreement containing non-competition or non-solicitation covenants) against a Parent Employee for action taken in such individual’s
capacity as a Parent Employee other than on behalf of Parent Group as requested by Parent Group in its capacity as a third-party
beneficiary.

 

(b) Assumption
by Parent. Effective as of the Effective Time, Parent shall assume and honor any individual agreement to which any Parent
Employee is a party with any member of the Sysorex Group, including any Individual Agreement described in subsection (a) above.

 

ARTICLE
III

 

ASSIGNMENT
OF EMPLOYEES

 

Section
3.01.Assignment and Transfer of Employees. Effective as of no later than the Effective Time and except as otherwise agreed
by the Parties, (a) the Parties shall have taken such actions as are necessary to ensure that each individual who is intended
to be an employee of the Sysorex Group as of immediately after the Effective Time (including any such individual who is not actively
working as of the Effective Time as a result of an illness, injury or leave of absence approved by the Parent Human Resources
department or otherwise taken in accordance with applicable Law) (collectively, the “Sysorex Employees”) is employed
by a member of the Sysorex Group as of immediately after the Effective Time, and (b) the Parties shall have taken such actions
as are necessary to ensure that each individual who is intended to be an employee of the Parent Group as of immediately after
the Effective Time (including any such individual who is not actively working as of the Effective Time as a result of an illness,
injury or leave of absence approved by the Parent Human Resources department or otherwise taken in accordance with applicable
Law) and any other individual employed by the Parent Group as of the Effective Time who is not a Sysorex Employee (collectively,
the “Parent Employees”) is employed by a member of the Parent Group as of immediately after the Effective Time. Each
of the Parties agrees to execute, and to seek to have the applicable Employees execute, such documentation, if any, as may be
necessary to reflect such assignment and/or transfer.

  

    	 	10	 

     

    

 

Section
3.02.At-Will Status. Nothing in this Agreement shall create any obligation on the part of any member of the Parent Group
or any member of the Sysorex Group to (a) continue the employment of any Employee or permit the return from a leave of absence
for any period after the date of this Agreement (except as required by applicable Law) or (b) change the employment status of
any Employee from “at-will,” to the extent that such Employee is an “at-will” employee under applicable
Law.

 

Section
3.03.Severance. The Parties acknowledge and agree that, except as required by applicable Law, the Separation, Distribution
and the assignment, transfer or continuation of the employment of Employees as contemplated by this Section 3.03 shall not be
deemed an involuntary termination of employment entitling any Sysorex Employee or Parent Employee to severance payments or benefits.

 

Section
3.04.Not a Change in Control. The Parties acknowledge and agree that neither the consummation of the Separation, Distribution
nor any transaction contemplated by this Agreement, the Separation and Distribution Agreement or any other Ancillary Agreement
shall be deemed a “change in control,” “change of control,” or term of similar import for purposes of
any Benefit Plan sponsored or maintained by any member of the Parent Group or member of the Sysorex Group.

 

ARTICLE
IV

 

EQUITY,
INCENTIVE AND EXECUTIVE COMPENSATION

 

Section
4.01.Generally. Each Parent Option Award that is outstanding as of immediately prior to the Effective Time shall be adjusted
as described below; provided, however, effective immediately prior to the Effective Time, the Parent Compensation Committee may
provide for different adjustments with respect to some or all Parent Option Awards to the extent that the Parent Compensation
Committee deems such adjustments necessary and appropriate. Any adjustments made by the Parent Compensation Committee pursuant
to the foregoing sentence shall be deemed incorporated by reference herein as if fully set forth below and shall be binding on
the Parties and their respective Affiliates. Before the Effective Time, the Sysorex Stock Incentive Plan shall be established,
with such terms as are necessary to permit the implementation of the provisions of Section 4.02.

  

    	 	11	 

     

    

 

Section
4.02.Treatment of Option Awards.

 

(a) Option
Awards. Each Parent Option Award that is outstanding as of immediately prior to the Effective Time shall be treated as follows:

 

(i) Parent
Employees, Former Employees and Directors. If the holder is a Parent Employee, Former Employee or a non-employee director
of Parent (other than a Transferred Director), such award shall be converted, as of the Effective Time, into a Post-Separation
Parent Option Award and shall, except as otherwise provided in this Section 4.02, be subject to the same terms and conditions
(including with respect to vesting and expiration) after the Effective Time as were applicable to such Parent Option Award immediately
prior to the Effective Time; provided, however, that from and after the Effective Time:

 

(A) the
number of Parent Shares subject to such Post-Separation Parent Option Award shall be equal to the product, rounded down to the
nearest whole share, of (I) the number of Parent Shares subject to the corresponding Parent Option Award immediately prior to
the Effective Time, multiplied by (II) the Parent Ratio; and

 

(B) the
per share exercise price of such Post-Separation Parent Option Award shall be equal to the quotient, rounded up to the nearest
cent, of (I) the per share exercise price of the corresponding Parent Option Award immediately prior to the Effective Time, divided
by (II) the Parent Ratio.

 

Notwithstanding
anything to the contrary in this Section 4.02(a)(i), the exercise price, the number of Parent Shares subject to each Post-Separation
Parent Option Award and the terms and conditions of exercise of such options shall be determined in a manner consistent with the
requirements of Section 409A of the Code.

 

(ii) Sysorex
Employees and Directors. If the holder is a Sysorex Employee or a Transferred Director, such award shall be converted, as
of the Effective Time, into a Sysorex Option Award and shall, except as otherwise provided in this Section 4.02, be subject to
the same terms and conditions (including with respect to vesting and expiration) after the Effective Time as were applicable to
such Parent Option Award immediately prior to the Effective Time; provided, however, that from and after the Effective Time:

 

(A) the
number of Parent Shares subject to such Sysorex Option Award shall be equal to the product, rounded down to the nearest whole
share, of (I) the number of Parent Shares subject to the corresponding Parent Option Award immediately prior to the Effective
Time, multiplied by (II) the Sysorex Ratio; and

 

(B) the
per share exercise price of such Sysorex Option Award shall be equal to the quotient, rounded up to the nearest cent, of (I) the
per share exercise price of the corresponding Parent Option Award immediately prior to the Effective Time, divided by (II) the
Sysorex Ratio.

  

    	 	12	 

     

    

 

Notwithstanding
anything to the contrary in this Section 4.02(a)(ii), the exercise price, the number of Sysorex Shares subject to each Sysorex
Option Award and the terms and conditions of exercise of such options shall be determined in a manner consistent with the requirements
of Section 409A of the Code.

 

(b) Settlement;
Tax Reporting and Withholding.

 

(i) Except
as otherwise provided in this Section 4.02(b), after the Effective Time, Post-Separation Parent Option Awards, regardless of by
whom held, shall be settled by Parent, and Sysorex Option Awards, regardless of by whom held, shall be settled by Sysorex.

 

(ii) Upon
the vesting, payment or settlement, as applicable, of Sysorex Option Awards, Sysorex shall be solely responsible for ensuring
the satisfaction of all applicable Tax withholding requirements on behalf of each Sysorex Employee. Upon the vesting, payment
or settlement, as applicable, of Post-Separation Parent Option Awards, Parent shall be solely responsible for ensuring the satisfaction
of all applicable Tax withholding requirements on behalf of each Parent Employee or Former Employee. Following the Effective Time,
Parent shall be responsible for all income Tax reporting in respect of Post-Separation Parent Option Awards held by Parent Employees,
Former Employees and individuals who are or were Parent non-employee directors, and Sysorex shall be responsible for all income
Tax reporting in respect of Sysorex Option Awards held by Sysorex Employees and Transferred Directors.

 

(c) Cooperation.
Each of the Parties shall establish an appropriate administration system in order to administer, in an orderly manner, (i) exercises
of vested Post-Separation Parent Options and Sysorex Options, (ii) the vesting and forfeiture of unvested Post-Separation Parent
Option Awards and Sysorex Option Awards, and (iii) the withholding and reporting requirements with respect to all awards. Each
of the Parties shall work together to unify and consolidate all indicative data and payroll and employment information on regular
timetables and make certain that each applicable Person’s data and records in respect of such awards are correct and updated
on a timely basis. The foregoing shall include employment status and information required for vesting and forfeiture of awards
and Tax withholding/remittance, compliance with trading windows and compliance with the requirements of the Exchange Act and other
applicable Laws.

 

(d) Registration
and Other Regulatory Requirements. Sysorex agrees to file Forms S-1 or S-8 registration statements, as appropriate, with respect
to, and to cause to be registered pursuant to the Securities Act, the Sysorex Shares authorized for issuance under the Sysorex
Stock Incentive Plan, as required pursuant to the Securities Act, not later than the Effective Time and in any event before the
date of issuance of any Sysorex Shares pursuant to the Sysorex Stock Incentive Plan. The Parties shall take such additional actions
as are deemed necessary or advisable to effectuate the foregoing provisions of this Section 4.02(d), including compliance with
securities Laws and other legal requirements associated with equity compensation awards in affected non-U.S. jurisdictions. Parent
agrees to facilitate the adoption and approval of the Sysorex Stock Incentive Plan consistent with the requirements of Treasury
Regulations Section 1.162-27(f)(4)(iii).

  

    	 	13	 

     

    

 

Section
4.03.Director Compensation. Parent shall be responsible for the payment of any fees for service on the Parent Board that
are earned at, before, or after the Effective Time, and Sysorex shall not have any responsibility for any such payments. With
respect to any Sysorex non-employee director, Sysorex shall be responsible for the payment of any fees for service on the Sysorex
Board that are earned at any time after the Effective Time and Parent shall not have any responsibility for any such payments.

 

ARTICLE
V

 

RETIREMENT
PLANS

 

Section
5.01.Establishment of Plan. As soon as practicable after the Distribution Date, the Parent Board shall adopt and establish
the Parent 401(k) Plan and a related trust, which shall be intended to meet the qualification requirements of Section 401(a) of
the Code (including under Sections 401(k) and (m) of the Code) including the safe-harbor requirements of Section 401(k)(12) of
the Code. Parent may make such changes, modifications or amendments to the Parent 401(k) Plan as may be required by applicable
Law or as are necessary and appropriate to reflect the Separation or which result from vendor limitations. As soon as practicable
after the Distribution Date, Parent shall provide Sysorex with (a) a copy of the Parent 401(k) Plan and related trust and applicable
IRS volume submitter approval or other IRS favorable determination letter with respect to the plan and (b) a copy of certified
resolutions of the Parent Board (or its authorized committee or other delegate) evidencing adoption of the Parent 401(k) Plan
and related trust and the obligations described in Section 5.02.

 

Section
5.02.Transfer of Account Balances. Parent Employees shall be eligible to participate in the Parent 401(k) Plan as of the
effective date of the plan to the extent that they were eligible to participate in the Sysorex 401(k) Plan as of immediately prior
to the Effective Time. As soon as reasonably practicable following the effective date of the Parent 401(k) Plan, Sysorex shall
cause the Sysorex 401(k) Plan to transfer to the Parent 401(k) Plan the account balances of Parent Employees, whether vested or
non-vested, in the form of cash (or, in the case of loans, notes).

 

Section
5.03.Plan Fiduciaries. For all periods on and after the Effective Time, the Parties agree that the applicable fiduciaries
of each of the Parent 401(k) Plan and the Sysorex 401(k) Plan, respectively, shall have the authority with respect to the Parent
401(k) Plan and the Sysorex 401(k) Plan, respectively, to determine the investment alternatives, the terms and conditions with
respect to those investment alternatives and such other matters as are within the scope of their duties under ERISA and the terms
of the applicable plan documents.

  

    	 	14	 

     

    

 

ARTICLE
VI

 

WELFARE
BENEFIT PLANS

 

Section
6.01.Welfare Plans.

 

(a) Continued
Participation in Sysorex Welfare Plans. For the period beginning on the date of the Distribution and ending on December
31, 2018 (or such later date as may be required under COBRA in the case of Parent Employees or former Parent Employees
(or such Parent Employee’s or former Parent Employee’s eligible dependents) who have a “qualifying event”
for the purposes of COBRA on or prior to the date of Distribution) (the “Participation Period”), (i) Parent
Employees and former Parent Employees who participate in the Welfare Plans identified on Schedule 6.01(a) (such plans,
the “Participation Period Plans”), and (ii) individuals who become employed by Parent who would become eligible
to participate in the Participation Period Plans had the Distribution not occurred, shall continue to participate or begin to
participate, as applicable in such Participation Period Plans during the Participation Period on the terms set forth in such Participation
Period Plans. The Parties acknowledge and agree that, as of December 31, 2018, the Parent Employees who remain Parent Employees
as of that date shall cease participation in the Sysorex Welfare Plans and, effective January 1, 2019, , such employees shall
commence participation in the Parent Welfare Plans. To the extent the Participation Period applicable to a Parent Employee (or
such Parent Employee’s eligible dependents) who experiences a “qualifying event” for the purposes of COBRA after
the date of Distribution would otherwise extend beyond December 31, 2018, such Parent Employee shall become eligible for benefits
solely pursuant to the Parent Welfare Plans, in accordance with COBRA and consistent with the terms generally available to active
Parent Employees, as of January 1, 2019.

 

(b) Waiver
of Conditions; Benefit Maximums. Parent has and shall continue to use commercially reasonable efforts to cause the Parent
Welfare Plans to:

 

(i) with
respect to initial enrollment, waive (A) all exclusions, and service conditions with respect to participation and coverage requirements
applicable to any Parent Employee, other than limitations that were in effect with respect to the Parent Employee under the applicable
Sysorex Welfare Plan as of immediately prior to the Distribution Date, and (B) any waiting period limitation or evidence of insurability
requirement applicable to a Parent Employee other than limitations or requirements that were in effect with respect to such Parent
Employee under the applicable Sysorex Welfare Plans as of immediately prior to the Distribution Date; and

 

(ii) take
into account (A) with respect to aggregate annual or similar maximum benefits available under the Parent Welfare Plans, a Parent
Employee’s prior claim experience under the Sysorex Welfare Plans and any Benefit Plan that provides leave benefits; and
(B) any eligible expenses incurred by a Parent Employee and his or her covered dependents during the portion of the plan year
of the applicable Sysorex Welfare Plan ending as of the Distribution Date to be taken into account under such Parent Welfare Plan
for purposes of satisfying all deductible, coinsurance, and maximum out-of-pocket requirements applicable to such Parent Employee
and his or her covered dependents for the applicable plan year to the same extent as such expenses were taken into account by
Sysorex for similar purposes prior to the Distribution Date as if such amounts had been paid in accordance with such Parent Welfare
Plan.

   

    	 	15	 

     

    

 

(d) Allocation
of Welfare Plan Assets and Liabilities.

 

(i) Except
as otherwise provided in this Article VI, effective as of the Effective Time, the Parent Group shall retain or assume, as applicable,
and be responsible for all Assets (including any insurance contracts, policies or other funding vehicles) and Liabilities relating
to the Parent Welfare Plans, regardless of when arising, and the Sysorex Group shall retain or assume, as applicable, and be responsible
for all Assets (including any insurance contracts, policies or other funding vehicles) and Liabilities relating to the Sysorex
Welfare Plans, regardless of when arising.

 

(ii) For
these purposes, a claim or Liability is deemed to be incurred: (A) with respect to medical, dental, vision and/or prescription
drug benefits, upon the rendering of health services giving rise to such claim or Liability; (B) with respect to life insurance,
accidental death and dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such
claim or Liability; and (C) with respect to disability benefits, upon the date of an Employee’s disability, as determined
by the disability benefit insurance carrier or claim administrator, giving rise to such claim or Liability.

 

Section
6.02.COBRA. The Sysorex Group shall be responsible for complying with, and providing coverage pursuant to, the health
care continuation requirements of COBRA, and the corresponding provisions of the Sysorex Welfare Plans with respect to any Sysorex
Employees or Former Employees (and their covered dependents) who incur a qualifying event under COBRA before, as of, or after
the Distribution Date. Effective January 1, 2019, the Parent Group shall assume responsibility for complying with, and providing
coverage pursuant to, the health care continuation requirements of COBRA, and the corresponding provisions of the Parent Welfare
Plans with respect to any Parent Employees (and their covered dependents) who incur a qualifying event or loss of coverage under
the Parent Welfare Plans after the Distribution Date. For purposes of this Section 6.02, any Former Employee who participated
in the Sysorex Welfare Plans as of the date of such Former Employee’s qualifying event under COBRA shall be considered a
Sysorex Employee. The Parties agree that the consummation of the transactions contemplated by the Separation and Distribution
Agreement shall not constitute a COBRA qualifying event for any purpose of COBRA.

 

Section
6.03.Vacation, Holidays and Leaves of Absence. Effective as of no later than the Effective Time, the Sysorex Group shall
assume all Liabilities of the Sysorex Group with respect to vacation, holiday, annual leave or other leave of absence, and required
payments related thereto, for each Sysorex Employee, unless otherwise required by applicable Law. The Parent Group shall retain
all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto,
for each Parent Employee.

  

    	 	16	 

     

    

 

Section
6.04.Severance and Unemployment Compensation. As of the Effective Time, the Sysorex Group shall assume and be responsible
for any and all Liabilities relating to Sysorex Employees regardless of when arising and Former Employees who worked the majority
of their time on Sysorex Group activities in respect of severance, unemployment compensation and supplemental unemployment benefits.
The Parent Group shall retain or assume, as applicable, and be responsible for any and all Liabilities relating to Parent Employees
regardless of when arising and Former Employees who worked the majority of their time on Parent Group activities in respect of
severance, unemployment compensation and supplemental unemployment benefits.

 

Section
6.05.Workers’ Compensation. With respect to claims for workers’ compensation in the United States, (a) the
Sysorex Group shall be responsible for claims in respect of Sysorex Employees regardless of when arising and Former Employees
who worked the majority of their time on Sysorex Group activities , and (b) the Parent Group shall be responsible for all claims
in respect of Parent Employees regardless of when arising and Former Employees who worked the majority of their time on Parent
Group activities.

 

Section
6.06.Insurance Contracts. To the extent that any Welfare Plan is funded through the purchase of an insurance contract
or is subject to any stop loss contract, the Parties shall cooperate and use their commercially reasonable efforts to replicate
such insurance contracts for Sysorex or Parent as applicable (except to the extent that changes are required under applicable
Law or filings by the respective insurers) and to maintain any pricing discounts or other preferential terms for both Parent and
Sysorex for a reasonable term. Neither Party shall be liable for failure to obtain such insurance contracts, pricing discounts,
or other preferential terms for the other Party. Each Party shall be responsible for any additional premiums, charges, or administrative
fees that such Party may incur pursuant to this Section 6.06.

 

Section
6.07.Third-Party Vendors. Except as provided below, to the extent that any Welfare Plan is administered by a third-party
vendor, the Parties shall cooperate and use their commercially reasonable efforts to replicate any contract with such third-party
vendor for Parent or Sysorex, as applicable and to maintain any pricing discounts or other preferential terms for both Parent
and Sysorex for a reasonable term. Neither Party shall be liable for failure to obtain such pricing discounts or other preferential
terms for the other Party. Each Party shall be responsible for any additional premiums, charges, or administrative fees that such
Party may incur pursuant to this Section 6.07.

 

ARTICLE
VII

 

MISCELLANEOUS

 

Section
7.01.Information Sharing and Access.

 

(a) Sharing
of Information. Subject to any limitations imposed by applicable Law, each of Parent and Sysorex (acting directly or through
members of the Parent Group or the Sysorex Group, respectively) shall provide to the other Party and its authorized agents and
vendors all information necessary (including information for purposes of determining benefit eligibility, participation, vesting,
calculation of benefits) on a timely basis under the circumstances for the Party to perform its duties under this Agreement. Such
information shall include information relating to equity awards under stock plans. To the extent that such information is maintained
by a third-party vendor, each Party shall use its commercially reasonable efforts to require the third-party vendor to provide
the necessary information and assist in resolving discrepancies or obtaining missing data.

  

    	 	17	 

     

    

 

(b) Transfer
of Personnel Records and Authorization. Subject to any limitation imposed by applicable Law and to the extent that it has
not done so before the Effective Time, Sysorex shall transfer to Parent any and all employment records (including any Form I-9,
Form W-2 or other IRS forms) with respect to Parent Employees and other records reasonably required by Parent to enable Parent
properly to carry out its obligations under this Agreement. Such transfer of records generally shall occur as soon as administratively
practicable at or after the Effective Time. Each Party shall permit the other Party reasonable access to its Employee records,
to the extent reasonably necessary for such accessing Party to carry out its obligations hereunder.

 

(c) Access
to Records. To the extent not inconsistent with this Agreement, the Separation and Distribution Agreement or any applicable
privacy protection Laws or regulations, reasonable access to Employee-related and benefit plan related records after the Effective
Time shall be provided to members of the Parent Group and members of the Sysorex Group pursuant to the terms and conditions of
Article VI of the Separation and Distribution Agreement.

 

(d) Maintenance
of Records. With respect to retaining, destroying, transferring, sharing, copying and permitting access to all Employee-related
information, Parent and Sysorex shall comply with all applicable Laws, regulations and internal policies, and shall indemnify
and hold harmless each other from and against any and all Liability, Actions, and damages that arise from a failure (by the indemnifying
Party or its Subsidiaries or their respective agents) to so comply with all applicable Laws, regulations and internal policies
applicable to such information.

 

(e) Cooperation.
Each Party shall use commercially reasonable efforts to cooperate and work together to unify, consolidate and share (to the extent
permissible under applicable privacy/data protection Laws) all relevant documents, resolutions, government filings, data, payroll,
employment and benefit plan information on regular timetables and cooperate as needed with respect to (i) any claims under or
audit of or litigation with respect to any employee benefit plan, policy or arrangement contemplated by this Agreement, (ii) efforts
to seek a determination letter, private letter ruling or advisory opinion from the IRS or U.S. Department of Labor on behalf of
any employee benefit plan, policy or arrangement contemplated by this Agreement, (iii) any filings that are required to be made
or supplemented to the IRS, U.S. Pension Benefit Guaranty Corporation, U.S. Department of Labor or any other Governmental Authority,
and (iv) any audits by a Governmental Authority or corrective actions, relating to any Benefit Plan, labor or payroll practices;
provided, however, that requests for cooperation must be reasonable and not interfere with daily business operations.

  

    	 	18	 

     

    

 

(f) Confidentiality.
Notwithstanding anything in this Agreement to the contrary, all confidential records and data relating to Employees to be shared
or transferred pursuant to this Agreement shall be subject to Section 6.9 of the Separation and Distribution Agreement and the
requirements of applicable Law.

 

Section
7.02.Preservation of Rights to Amend. Except as set forth in this Agreement, the rights of each member of the Parent Group
and each member of the Sysorex Group to amend, waive, or terminate any plan, arrangement, agreement, program, or policy referred
to herein shall not be limited in any way by this Agreement.

 

Section
7.03.Fiduciary Matters. Parent and Sysorex each acknowledge that actions required to be taken pursuant to this Agreement
may be subject to fiduciary duties or standards of conduct under ERISA or other applicable Law, and no Party shall be deemed to
be in violation of this Agreement if it fails to comply with any provisions hereof based upon its good-faith determination (as
supported by advice from counsel experienced in such matters) that to do so would violate such a fiduciary duty or standard. Each
Party shall be responsible for taking such actions as are deemed necessary and appropriate to comply with its own fiduciary responsibilities
and shall fully release and indemnify the other Party for any Liabilities caused by the failure to satisfy any such responsibility.

 

Section
7.04.Further Assurances. Each Party hereto shall take, or cause to be taken, any and all reasonable actions, including
the execution, acknowledgment, filing and delivery of any and all documents and instruments that any other Party hereto may reasonably
request in order to effect the intent and purpose of this Agreement and the transactions contemplated hereby.

 

Section
7.05.Counterparts; Entire Agreement; Corporate Power.

 

(a) This
Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall
become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party.

 

(b) This
Agreement, the Separation and Distribution Agreement and the Ancillary Agreements and the Exhibits, Schedules and appendices hereto
and thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous
agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter,
and there are no agreements or understandings between the Parties other than those set forth or referred to herein or therein.
This Agreement, the Separation and Distribution Agreement and the Ancillary Agreements govern the arrangements in connection with
the Separation and Distribution and would not have been entered independently.

 

(c) Parent
represents on behalf of itself and each other member of the Parent Group, and Sysorex represents on behalf of itself and each
other member of the Sysorex Group, as follows:

  

    	 	19	 

     

    

 

(i) each
such Person has the requisite corporate or other power and authority and has taken all corporate or other action necessary in
order to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby; and

 

(ii) this
Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement of it enforceable in accordance
with the terms hereof.

 

(d) Each
Party acknowledges that it and each other Party is executing this Agreement by facsimile, stamp or mechanical signature, and that
delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature)
by facsimile or by email in portable document format (PDF) shall be effective as delivery of such executed counterpart of this
Agreement. Each Party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether
delivered in person, by mail, by courier, by facsimile or by email in portable document format (PDF)) made in its respective name
as if it were a manual signature delivered in person, agrees that it will not assert that any such signature or delivery is not
adequate to bind such Party to the same extent as if it were signed manually and delivered in person and agrees that, at the reasonable
request of the other Party at any time, it will as promptly as reasonably practicable cause this Agreement to be manually executed
(any such execution to be as of the date of the initial date thereof) and delivered in person, by mail or by courier.

 

Section
7.06.Governing Law. This Agreement (and any claims or disputes arising out of or related hereto or to the transactions
contemplated hereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise
and whether predicated on common Law, statute or otherwise) shall be governed by and construed and interpreted in accordance with
the Laws of the State of California, irrespective of the choice of Laws principles of the State of California, including all matters
of validity, construction, effect, enforceability, performance and remedies.

 

Section
7.07.Assignability. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective
successors and permitted assigns; provided, however, that neither Party may assign its rights or delegate its obligations under
this Agreement without the express prior written consent of the other Party hereto. Notwithstanding the foregoing, no such consent
shall be required for the assignment of a Party’s rights and obligations under this Agreement, the Separation and Distribution
Agreement and all other Ancillary Agreements (except as may be otherwise provided in any such Ancillary Agreement) in whole (i.e.,
the assignment of a party’s rights and obligations under this Agreement and all Ancillary Agreements all at the same time)
in connection with a change of control of a Party so long as the resulting, surviving or transferee Person assumes all the obligations
of the relevant party thereto by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to
the other Party.

  

    	 	20	 

     

    

 

Section
7.08.Third-Party Beneficiaries. Subject to the requirements of Section 2.04(a), the provisions of this Agreement are solely
for the benefit of the Parties and are not intended to confer upon any other Person except the Parties any rights or remedies
hereunder. There are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with
any remedy, claim, Liability, reimbursement, claim of action or other right in excess of those existing without reference to this
Agreement. Nothing in this Agreement is intended to amend any employee benefit plan or affect the applicable plan sponsor’s
right to amend or terminate any employee benefit plan pursuant to the terms of such plan. The provisions of this Agreement are
solely for the benefit of the Parties, and no current or former Employee, officer, director, or independent contractor or any
other individual associated therewith shall be regarded for any purpose as a third-party beneficiary of this Agreement.

 

Section
7.09.Notices. 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, 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 7.09):

 

If
to Parent (prior to, on or after the Effective Time), to:

 

Inpixon

2479
E. Bayshore Road, Suite 195

Palo
Alto, California 94303

Attn.:
Chief Executive Officer

 

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

 

If
to Sysorex (prior to the Effective Time), to:

 

Sysorex,
Inc.

2479
E. Bayshore Road, Suite 195

Palo
Alto, California 94303

Attn.:
Chief Executive Officer

 

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

 

If
to Sysorex (from and after the Effective Time), to:

 

Sysorex,
Inc.

2355
Dulles Corner Boulevard, Suite 600

Herndon,
Virginia 20171

Attn.:
Chief Executive Officer

  

    	 	21	 

     

    

 

with
copies to (which will not constitute notice):

 

Melanie
Figueroa, Esq.

Mitchell
Silberberg & Knupp LLP

12
East 49th Street, 30th Floor

New
York, New York 10017

 

Addison
K. Adams, Esq.

Adams Corporate Law, Inc.

1851 E 1st St, Suite 900

Santa
Ana, California 92705

 

A
Party may, by notice to the other Party, change the address to which such notices are to be given.

 

Section
7.10.Severability. If any provision of this Agreement or the application thereof to any Person or circumstance is determined
by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application
of such provision to Persons or circumstances or in jurisdictions other than those as to which it has been held invalid or unenforceable,
shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination,
the Parties shall negotiate in good faith in an effort to agree upon such a suitable and equitable provision to effect the original
intent of the Parties.

 

Section
7.11.Force Majeure. No Party shall be deemed in default of this Agreement or, unless otherwise expressly provided therein,
any Ancillary Agreement for any delay or failure to fulfill any obligation (other than a payment obligation) hereunder or thereunder
so long as and to the extent to which any delay or failure in the fulfillment of such obligation is prevented, frustrated, hindered
or delayed as a consequence of circumstances of Force Majeure. In the event of any such excused delay, the time for performance
of such obligations (other than a payment obligation) shall be extended for a period equal to the time lost by reason of the delay.
A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event,
(a) provide written notice to the other Party of the nature and extent of any such Force Majeure condition; and (b) use commercially
reasonable efforts to remove any such causes and resume performance under this Agreement and the Ancillary Agreements, as applicable,
as soon as reasonably practicable.

 

Section
7.12.Headings. The article, section and paragraph headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement.

 

Section
7.13.Survival of Covenants. Except as expressly set forth in this Agreement, the covenants, representations and warranties
contained in this Agreement, and Liability for the breach of any obligations contained herein, shall survive the Separation and
Distribution and shall remain in full force and effect.

  

    	 	22	 

     

    

 

Section
7.14.Waivers of Default. Waiver by a Party of any default by the other Party of any provision of this Agreement shall
not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other
Party. No failure or delay by a Party in exercising any right, power or privilege under this Agreement shall operate as a waiver
thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any
other right, power or privilege.

 

Section
7.15.Dispute Resolution. The dispute resolution procedures set forth in Article VII of the Separation and Distribution
Agreement shall apply to any dispute, controversy or claim arising out of or relating to this Agreement.

 

Section
7.16.Specific Performance. Subject to the provisions of Article VII of the Separation and Distribution Agreement, 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 or Parties who are, or are to be, thereby aggrieved shall have the right to specific performance and injunctive or other
equitable relief in respect of its or their 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, are 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 hereby waived by each of the Parties.

 

Section
7.17.Amendments. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by a Party,
unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party
against whom it is sought to enforce such waiver, amendment, supplement or modification.

 

Section
7.18.Interpretation. In this Agreement, (a) words in the singular shall be deemed to include the plural and vice versa
and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,”
“herein,” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer
to this Agreement as a whole (including all of the Schedules, Exhibits and Appendices hereto and thereto) and not to any particular
provision of this Agreement; (c) Article, Section, Schedule, Exhibit and Appendix references are to the Articles, Sections, Schedules,
Exhibits and Appendices to this Agreement unless otherwise specified; (d) unless otherwise stated, all references to any agreement
shall be deemed to include the exhibits, schedules and annexes to such agreement; (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) unless otherwise specified in a particular case, the word “days”
refers to calendar days; (h) references to “business day” shall mean any day other than a Saturday, a Sunday or a
day on which banking institutions are generally authorized or required by Law to close in the United States or New York, New York;
(i) references herein to this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement
or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented thereafter,
unless otherwise specified; and (j) unless expressly stated to the contrary in this Agreement, all references to “the date
hereof,” “the date of this Agreement,” “hereby” and “hereupon” and words of similar
import shall all be references to the date set forth in the introductory paragraph of this Agreement.

 

Section
7.19.Limitations of Liability. Notwithstanding anything in this Agreement to the contrary, neither Sysorex or any member
of the Sysorex Group, on the one hand, nor Parent or any member of the Parent Group, on the other hand, shall be liable under
this Agreement to the other for any indirect, punitive, exemplary, remote, speculative or similar damages in excess of compensatory
damages of the other arising in connection with the transactions contemplated hereby (other than any such Liability with respect
to a Third-Party Claim).

 

Section
7.20.Mutual Drafting. This Agreement shall be deemed to be the joint work product of the Parties and any rule of construction
that a document shall be interpreted or construed against a drafter of such document shall not be applicable.

 

[Remainder
of page intentionally left blank]

  

    	 	23	 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Employee Matters Agreement to be executed by their duly authorized representatives
as of the date first written above.

  

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

 

 

 

[Signature
Page to Employee Matters Agreement]

 

    	 	24Exhibit 10.11

  

 

 

TAX MATTERS AGREEMENT

 

by and between

 

Inpixon

 

and

 

Sysorex, Inc.

 

Dated as of [__], 2018

  

 

 

     

     

    

 

TAX MATTERS AGREEMENT

 

THIS TAX MATTERS AGREEMENT (this “Agreement”),
dated as of [___________], 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.

  

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“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.

  

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“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).

  

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“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.

  

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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.

  

    	 	13	 

     

    

 

(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.

  

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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.

  

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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.]

  

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

  

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

  

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