Document:

EX-10.1

 Exhibit 10.1 

INDEPENDENT CONTRACTOR AGREEMENT 

THIS AGREEMENT is made and entered by and between PROVECTUS BIOPHARMACEUTICALS, INC., a Delaware corporation (the “Company”) and
BRUCE HOROWITZ, a California citizen (the “Contractor”). Collectively the Company and the Contractor shall be referred to herein as “the Parties.” 

WHEREAS, the Company is a development-stage biopharmaceutical company that is primarily engaged in the business of developing ethical
pharmaceuticals for oncology and dermatology indications; and 
 WHEREAS, the Company wishes to engage Contractor to provide services to the
Company as its chief operations consultant; and 
 WHEREAS, Contractor agrees to perform the services specified herein; 

NOW THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, it is agreed: 

1. Services of Contractor. Contractor agrees to serve as the chief operations consultant of the Company, performing such duties and
services that are consistent with the position of Chief Operating Officer for a public company and as may be assigned from time to time by the Chief Executive Officer and/or the Company’s Board of Directors (“Board”), such as but not
limited to designing and implementing new business strategies and plans, and operating processes and procedures; establishing policies to promote a new company culture; overseeing company operations and the work of executives, managers, and staff
members; prioritizing and continuing the Company’s search for a Chief Medical Officer and a new Chief Executive Officer; assisting in fundraising activities; and, managing mutually agreed upon partner and vendor relationships. The Contractor
agrees to provide an average of approximately thirty (30) hours of services to the Company each calendar week; deviations in excess of 10 hours more or less than this amount must be approved in advance by the Board. Contractor will perform
these services from either the Company’s headquarters at 7327 Oak Ridge Highway, Suite A, Knoxville, Tennessee or the Contractor’s headquarters in Beverly Hills, California. 

2. Term. The minimum term of this Agreement shall be from April 1, 2017, to June 30, 2017. This Agreement shall remain in
effect on a month-to-month basis thereafter unless either party provides thirty (30) days prior written notice of nonrenewal. 
 3.
Independent Contractor Status. Contractor’s status is that of an independent contractor and not that of an employee, agent, partner or joint venture partner of the Company. Nothing in this Agreement shall be construed or applied to
create a partnership, agency, joint venture or employer/employee relationship. Contractor acknowledges that, as an independent contractor, he is not eligible for any employee benefits that the Company offers to its employees, including without
limitation, health insurance, life insurance, disability insurance, retirement benefits, paid vacation, sick leave, and holiday pay. All taxes applicable to any amounts paid by the Company to Contractor under this Agreement shall be
Contractor’s liability, and the Company shall not withhold or pay any amounts for federal, state, or municipal income tax, Social Security taxes, or unemployment or workers’ compensation taxes. Contractor hereby acknowledges his personal
liability for the self-employment tax imposed by the Internal Revenue Code, and the payment, when applicable, of estimated quarterly taxes and the filing, when applicable, of quarterly Internal Revenue Service Forms for the declaration of estimated
tax by 

 
individuals. Upon request by the Company, Contractor agrees that he will provide documentation evidencing compliance with all applicable federal, state and municipal tax laws, rules and
regulations. The Company will report its payments to Contractor on IRS Form 1099. The Company makes no representations to Contractor regarding the tax treatment or consequences of any sums paid in connection with this Agreement. Contractor agrees
that he will indemnify Company for any amounts the Company is required to pay due to Contractor’s failure to pay taxes on the amounts the Company pays the Contractor pursuant to this Agreement. Contractor indemnification obligation shall not
extend to any amounts the Company is required to pay due to its classification of the Contractor as an independent contractor. Contractor’s scope of authority consists solely of providing services to Company. Contractor is authorized to make
decisions necessary to facilitate the day-to-day operations of the Company, but is not authorized to make any material changes regarding customers or employees or to make any representations or agreements on the Company’s behalf with third
parties, unless specifically authorized to do so in writing by the Board of Directors. 
 4. Payment for Services. For services
rendered under this Agreement, Contractor shall receive $125 per hour, up to a maximum of $20,000 per calendar month. Invoices indicating payment and expenses owed shall be submitted to the Company bi-weekly. Payment shall be made to Contractor
within 7 days following the Company’s receipt of each such invoice, unless there is a bona fide dispute over the amount or other terms of an invoice, in which case the Company shall pay the undisputed amount only. 

5. Reimbursement of Expenses. As stated in Paragraph 3 herein, Contractor is an independent contractor. Notwithstanding the foregoing,
Company will reimburse Contractor for all reasonable and necessary expenses relating to Contractor’s provision of services under this Agreement, including air and ground transportation, and lodging expenses at a hotel mutually agreed upon by
the parties during the term of this Agreement. The Company will reimburse Contractor for all reasonable and necessary expenses incurred in the performance of services for the Company upon presentation of receipts documenting such expenditures,
submitted on a bi-weekly basis. 
 6. Termination. The Company may terminate the Agreement immediately upon learning of
(a) misconduct by Contractor in connection with the performance of his services (including, without limitation, misappropriation of funds or property of the Company; misrepresentation to the Company; intentional actions that are injurious to
the business interests of the Company; violation or attempted violation of federal or state securities laws; or breach of this Agreement); (b) commission by Contractor of a crime, an act involving moral turpitude, dishonesty, theft, or
unethical business conduct, or conduct that impairs or injures the reputation of, or harms, the Company; or (c) Contractor aiding a competitor. In addition, this Agreement shall terminate immediately upon the event of death, disability or
incapacity of Contractor. 
 7. Indemnification. As a material inducement to the Company to enter into this Agreement, Contractor
hereby agrees to indemnify and hold harmless the Company for any claims made against the Company based upon the Contractor’s gross negligence in the performance of his services. The Company shall indemnify and hold harmless the Contractor and
Capital Strategists, LLC for all other claims made against the Contractor based upon the Contractor’s performance of his services This provision shall survive the termination of this Agreement. 

8. Confidential and Proprietary Business Information and Trade Secrets. Contractor acknowledges and agrees that all materials and
information provided by the Company or obtained by 

  
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Contractor during the term of the relationship with the Company are the sole property of the Company and agrees that such materials and information may only be used by Contractor during the term
of this Agreement. Contractor also agrees that he will not at any time, reveal, divulge or disclose to any person or other entity or use for his own benefit or for the benefit of any person or entity any confidential or proprietary business
information or trade secrets concerning the business of the Company obtained or developed by Contractor during the term of this Agreement. Upon termination of this Agreement, Contractor shall deliver to the Company all notes, lists, plans, records,
spreadsheets, reports, invoices, equipment, and other documents relating to any of the foregoing confidential or proprietary business information or trade secrets which Contractor may then possess or have under Contractor’s control. The
provisions of this paragraph shall survive the termination of this Agreement. For purposes of this Agreement “Confidential Information” includes data and information relating to clinical trials, patient information, marketing information,
research and development efforts, production, sales, technologies, finances and financial controls, legal proceedings, and personnel information, which is or has been disclosed to Contractor or of which Contractor became aware as a consequence of or
through his relationship with the Company and which has value to the Company, is not generally known to its competitors or disclosed through public filings, and which the Company otherwise maintains as confidential. Notwithstanding the foregoing,
nothing in this confidentiality provision prohibits Contractor from reporting possible violations of law to any governmental agency or entity or making other disclosures that are protected under the whistleblower provisions of federal, state, or
local laws or regulations. Nothing herein is intended to prevent the Contractor from responding to any lawful subpoena or governmental inquiry, provided that the Contractor provides the Company with prompt notice of the subpoena and/or inquiry prior
to responding. 
 9. Solicitation of Customers. During the term of this Agreement and for a period of two (2) years following
the termination of the Agreement for any reason whatsoever, Contractor shall not, either directly or indirectly, on Contractor’s behalf or on behalf of others, solicit or attempt to solicit on behalf of a Competing Business, any business from
any customers or actively-sought prospective customers of the Company with whom Contractor has had any contact during the Term of the Agreement or about whom Contractor has acquired Confidential Information during the term of the Agreement. As used
in this Agreement, “Competing Business” means any development-stage biopharmaceutical company. 
 10. Solicitation of Company
Employees. During the term of this Agreement and for a period of two (2) years following the termination of the Agreement for any reason whatsoever, Contractor shall not, either directly or indirectly, on Contractor’s own behalf or on
behalf of others, solicit or hire away, or attempt to solicit or hire away, any person any person employed by the Company with whom Contractor had regular contact in the course of his relationship with the Company, regardless of whether the
employment of any such person is for a determined period of time or is “at-will.” 
 11. Notices. Any notice or other
communications required or permitted hereunder shall be sufficiently given if delivered in person or sent by electronic mail or by registered or certified mail, postage prepaid, addressed as follows: if to Contractor, at 269 S. Beverly
Drive, Beverly Hills, California 90212 and/or bhorowitz@capitalstrategists.net, and if to the Company, John Glass, interim Chief Financial Officer, 7327 Oak Ridge Highway, Suite A, Knoxville, Tennessee 37931, jrglass@pvct.com; such
notice or communication shall be deemed to have been given as of the date so hand-delivered and/or e-mailed, and three (3) days after the date of mailing. 

12. Governing Law and Venue. This Agreement is made and entered into in the State of Tennessee and shall be interpreted, enforced and
governed by the laws of that state. The appropriate state 

  
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or federal court in Knox County, Tennessee will be the exclusive jurisdiction and venue for any dispute arising out of this Agreement. The parties voluntarily submit to the jurisdiction of these
courts for any litigation arising out of or concerning the application, interpretation or any alleged breach of this Agreement. 
 13.
Severability. Should any provision of this Agreement be declared by any court of competent jurisdiction to be illegal or invalid, the parties agree that the court shall modify the Agreement so that the invalid provision is made to be valid.
If the court determines that such provision cannot be judicially modified so as to make it valid, the validity of the remaining provisions shall not be affected thereby, and the invalid provision shall be deemed to not be a part of this Agreement.

 14. Duty to Report and Cooperation. Contractor acknowledges and embraces a zero-tolerance policy regarding any violation or
potential violation of any federal, state, or local law or professional rule. Accordingly, Contractor has an affirmative duty to report any alleged, actual or potential misconduct that Contractor or its agents perceive, witness, uncover, or that
otherwise comes to Contractor’s attention or knowledge immediately and in writing to the Chairman of the Board. Contractor agrees during the Term of this Agreement and thereafter to reasonably cooperate with the Company in any pending or future
matters, including without limitation any litigation, investigation, or other dispute, in which Contractor, by virtue of his engagement with the Company, has relevant knowledge or information; provided, however that the Company agrees to pay
reasonable hourly compensation and costs (in accordance with Paragraph 4 of this Agreement) resulting from the Company’s request. 

15. Assignability. The services contracted for hereunder are dependent upon the qualifications of Contractor and may not be assigned by
Contractor without the express written consent of the Company. In the event of death, disability or incapacity of Contractor, this Agreement shall terminate, and any amounts owed to Contractor by Company will be paid to Contractor’s Estate.

 16. Entire Agreement. This Agreement sets forth the entire agreement between the parties hereto, and fully supersedes any and all
prior agreements or understandings between them pertaining to the subject matter hereof. It is agreed that this Agreement may be modified only in writing, executed by both parties. 

17. Acknowledgments. Contractor and the Company acknowledge and agree that they have had a sufficient opportunity to review the terms
of this Agreement. Contractor further acknowledges that in executing this Agreement he is not relying nor has he relied upon any other representation or statement made by the Company or by any of the Company’s agents with regard to the subject
matter hereof. Contractor has carefully read and fully understands all of the provisions of this Agreement and is voluntarily entering into this Agreement. 

IN WITNESS WHEREOF, the parties have duly executed this Agreement or caused this Agreement to be executed on this 19th day of April, 2017.

  

	
	Bruce Horowitz
	
	/s/ Bruce Horowitz
	Contractor

  
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	PROVECTUS BIOPHARMACEUTICALS, INC.

 
			
		
	By:	 	/s/ Timothy C. Scott
	Title:	 	President

  
 5Exhibit
10.1

 

EXCHANGE
AGREEMENT

 

This
EXCHANGE AGREEMENT (this “Agreement”), dated as of April 19, 2017, is by and between Inpixon, a Nevada corporation
(formerly known as Sysorex Global) (the “Company”), and Hillair Capital Investments L.P. (“Hillair”).
Defined terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Debenture (as defined
below) issued pursuant to the Securities Purchase Agreement, dated as of August 9, 2016 (the “Purchase Agreement”),
between the Company and Hillair.

 

WHEREAS,
pursuant to the Purchase Agreement, the Company issued Hillair an 8% Original Issue Discount Senior Secured Convertible Debenture
due August 9, 2018 in the principal amount of $5,700,000 (the “Debenture”); and

 

WHEREAS,
subject to the terms and conditions herein, the parties agree to certain amendments and waivers regarding the interest payment
due under the Debenture on May 9, 2017.

 

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

 

1.             May
9, 2017 Interest Payment. Solely in respect of the interest payment due under the Debenture on May 9, 2017 in the amount of
$343,267 (the “Interest Payment”), the parties hereby agree as follows:

 

		a.	$315,700
                                         of such payment shall be made in the form of Common Stock, issued at an Interest Conversion
                                         Rate equal to $2.87 for an aggregate of 110,000 shares of Common Stock (such shares
                                         of Common Stock issuable in satisfaction of such portion of the Interest Payment, the
                                         “Interest Shares”). The remaining portion of the Interest Payment,
                                         $27,567, shall be due and payable on May 9, 2017 pursuant to the terms of the
                                         Debenture.
		b.	Solely
                                         in respect of such interest payment, Hillair hereby waives Equity Condition “(k)”.
		c.	The
                                         Company hereby agrees to issue and deliver such Interest Shares as soon as practicable following the execution
hereof, and in any event by 10:00 am (NY time) on April 20, 2017 (the “Payment Date”), which Interest Shares will initially
be issued in restricted book-entry form with the Company’s transfer agent. The Company will provide e-mail confirmation of
such issuance to Hillair as soon as practicable following confirmation thereof from its transfer agent. From time to time, upon
delivery of a broker representation letter to the Company and its transfer agent, the Company will cause its transfer agent to
remove the restrictive legends applicable to the Interest Shares in accordance with the provisions of Rule 144(d)(3)(ii) and to
deliver the portion of the Interest Shares covered by such broker’s representation letter, electronically pursuant to the
DTC instructions on Hillair’s signature page hereto on or before the earlier of (x) three Trading Days and (y) the number
of Trading Days comprising the “Standard Settlement Period” (as defined below) of the principal Trading Market for
the Common Stock (such earlier date, the “Delivery Date”) from delivery of such broker representation letter. As used
herein, “Standard Settlement Period” means the standard settlement period, expressed in a number of Trading Days, on
the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of a broker representation
letter.
	 	d.	In addition to Hillair’s other available remedies, if the Interest Shares subject to a broker representation
letter delivered pursuant to Section 1(c) are not delivered by the Delivery Date, the Company shall pay to Hillair, in cash, (i)
as partial liquidated damages and not as a penalty, for each $1,000 of Interest Shares (based on the VWAP of the Common Stock on
the date such broker representation letter is delivered), $10 per Trading Day (increasing to $20 per Trading Day five (5) Trading
Days after such damages have begun to accrue) for each Trading Day after the Delivery Date until such Interest Shares are delivered
electronically to Hillair’s DTC instructions free of restrictive legends and (ii) if the Company fails to (a) issue and deliver
(or cause to be delivered) to Hillair by the Delivery Date such Interest Shares subject to a broker representation letter electronically
and free from all restrictive and other legends and (b) if after the Delivery Date Hillair purchases (in an open market transaction
or otherwise) shares of Common Stock to deliver in satisfaction of a sale by such Hillair of all or any portion of the number of
shares of Common Stock, or a sale of a number of shares of Common Stock equal to all or any portion of the number of shares of
Common Stock that such Hillair anticipated receiving from the Company, then, an amount equal to the excess of such Hillair’s
total purchase price (including brokerage commissions and other out-of-pocket expenses, if any) for the shares of Common Stock
so purchased (including brokerage commissions and other out-of-pocket expenses, if any) (the “Buy-In Price”) over the
product of (A) such number of Interest Shares that the Company was required to deliver to such Hillair by the De;ivery Date multiplied
by (B) the lowest closing sale price of the Common Stock on any Trading Day during the period commencing on the date of the delivery
by such Hillair to the Company of the applicable Interest Shares (as the case may be) and ending on the date of such delivery and
payment under this clause (ii).

 

2.             Representations
and Warranties of Company. The Company hereby makes the representations and warranties set forth below as of the date of its
execution of this Agreement.

 

(a)           Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder. The execution and delivery
of this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized
by all necessary action on the part of the Company and no further action is required by the Company, the Board of Directors or
the Company’s stockholders in connection herewith. This Agreement has been duly executed by the Company and, when delivered
in accordance with the terms hereof, will constitute the valid and binding obligation of the Company enforceable against the Company
in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law.

 

    	 	1	 

     

    

 

(b)           No
Conflicts. The execution, delivery and performance by the Company of this Agreement, the issuance and sale of the Interest
Shares and the consummation by it of the transactions contemplated hereby do not and will not: (i) conflict with or violate any
provision of the Company’s or any Subsidiary’s certificate or articles of incorporation, bylaws or other organizational
or charter documents, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would
become a default) under, result in the creation of any Lien upon any of the properties or assets of the Company or any Subsidiary,
or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or
both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary debt or otherwise) or other
understanding to which the Company or any Subsidiary is a party or by which any property or asset of the Company or any Subsidiary
is bound or affected, or (iii) conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction,
decree or other restriction of any court or governmental authority to which the Company or a Subsidiary is subject (including
federal and state securities laws and regulations), or by which any property or asset of the Company or a Subsidiary is bound
or affected; except in the case of each of clauses (ii) and (iii), such as could not have or reasonably be expected to result
in a Material Adverse Effect. All Equity Conditions other than condition (k) are satisfied and will remain satisfied through the
Payment Date. A further waiver shall be required in the event any such conditions are not met pursuant to, and in accordance with
the time frames under, the Debenture.

 

(c)          Company
Acknowledgement. The Company acknowledges and agrees that holding period for purposes of Rule 144 in respect of the Interest
Shares commenced on the issuance date of the Debenture and the Company covenants to take no position or action that is contrary
to the foregoing acknowledgement.

 

3.            Representations
and Warranties of Hillair. Hillair represents and warrants that the execution and delivery of this Agreement by it and the
consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on its behalf and
this Agreement has been duly executed and delivered by it and constitutes the valid and binding obligation of it, enforceable
against it in accordance with its terms except (i) as limited by general equitable principles and applicable bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii)
as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii)
insofar as indemnification and contribution provisions may be limited by applicable law.

 

4.            Public
Disclosure. On or before 8:30 am (New York City time) on the Trading Day immediately following the date hereof, the Company
shall file a Current Report on Form 8-K disclosing the material terms of the transactions contemplated hereby and attaching this
Agreement as an exhibit thereto.

 

    	 	2	 

     

    

 

5.            Effect
on Transaction Documents. Except as specifically modified herein, all of the terms, provisions and conditions of the Transaction
Documents shall remain in full force and effect and the rights and obligations of the parties with respect thereto shall, except
as specifically provided herein, be unaffected by this Agreement and shall continue as provided in such documents and shall not
be in any way changed, modified or superseded by the terms set forth herein.

 

6.            Execution.
 This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and
the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party,
it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile
transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation
of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or
“.pdf” signature page were an original thereof.

 

7.            Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing
and signed by the Company and Hillair.

 

8.            Governing
Law. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns and shall be governed by and construed in accordance with the laws of the State of New York. For the avoidance of doubt,
Section 5.9 of the Purchase Agreement shall apply to this Agreement.

 

[Remainder
of Page is Intentionally Blank]

 

    	 	3	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Exchange Agreement to be duly executed by their proper and duly authorized
officers as of the day and year first above written.

 

	 	INPIXON
	 	 	 	 
	 	By:	/s/
    Nadir Ali          
	 	 	Name:	 Nadir Ali             
	 	 	Title:	CEO
	 	 	 	 
	 	HILLAIR CAPITAL INVESTMENTS, L.P.
	 	 
	 	By:	/s/
    Sean     M. McAvoy
	 	 	Name:	Sean
    M. McAvoy
	 	 	Title:	Managing
    Member, Hillair Capital Management LLC
	 	 	 	 
	 	DTC DELIVERY INSTRUCTIONS:
	 	DTC # 0908 Citibank-Citi Private Bank
	 	Institutional ID # 26639
	 	Agent Bank # 55633
	 	ID Agent A/C #: 087054
	 	Interested Party #: 26639
	 	Interested Party A/C #: 25D099290768
	 	F/C/T Hillair Capital Investments LP

 

 

4

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