Document:

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  Exhibit
10.5

 

 CONSULTING SERVICES AGREEMENT

 

 

This
Agreement is made and entered into as of the 7th day of June 2019
between Mark Fisher (“Consultant”) and ParkerVision,
Inc. (“Company”), a Florida corporation, having offices
at 7915 Baymeadows Way, Suite 400, Jacksonville, Florida
32256.

 

In
consideration of the mutual promises made herein and for good and
valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as
follows:

 

1.    Engagement.
The Company hereby engages the Consultant, to act as special
advisor to the Chief Executive Officer with regard to the
Company’s business strategies
(“Services”).

 

 

It is understood and acknowledged by the parties
that the value of Consultant’s Services is not susceptible of
quantification and that, although Consultant shall be obligated to
render the Services contemplated by this Agreement upon the
reasonable request of the Company, Consultant shall not be
obligated to spend any specific amount of time in so doing.
 Further, in rendering Services under this
Agreement, Consultant may use mailing lists, fax lists, email
lists, business and/or industry company lists which are proprietary
and owned by the Consultant.

 

2.   
Retainer. At the
time of signing of this Agreement, the Company will deliver to
Consultant a non-refundable account retainer payment of 625,000
shares of the Company’s common stock (“Shares”).
The Company and Consultant have agreed that for the purposes
hereof, the aggregate value of the Shares is $60,000 (the
“Retainer Amount”). The Company and Consultant further
acknowledge and agree that the Retainer Amount will be credited
against Consultant’s monthly fee.

 

Consultant
acknowledges that (i) he is acquiring the Shares for its own
account, for the purposes of investment only and not with a view
to, or for sale in connection with, any distribution thereof in
violation of applicable securities laws; (ii) the Shares are not
registered under any federal or state securities laws and
certificates representing the Shares will be bear a legend
accordingly; (iii) he will not sell, convey, transfer or offer for
sale the Shares except in compliance with the terms of the
Securities Act of 1933, as amended, any applicable state securities
laws or pursuant to an exemption therefrom; (iv) he has access to
all reports that the Company has filed with the U.S. Securities and
Exchange Commission, and anything else which Consultant has
requested relating to the foregoing and has been afforded an
opportunity to obtain any additional information it deems necessary
or advisable to evaluate its acquisition of the Shares; (v) he
believes that it has been fully apprised of all facts and
circumstances necessary to permit it to make an informed decision
about acquiring the Shares; (vi) he has sufficient knowledge and
experience in business and financial matters and is capable of
evaluating the merits and risk of holding the Shares; (vii) he has
the capacity to protect its own interests in connection with the
acquisition of the Shares; (viii) he may be required to hold the
Shares for an indefinite period; and (ix) it can bear the loss of
the entire value of the Shares.

           
         

           3.   
Consultant will be
paid a fee for Services of $10,000 per month over the
Term.

 

4.    Financial and Other
Materials. The Company agrees
to furnish to Consultant all of its publicly available disclosure
and filing materials, financial statements, business plans,
promotional materials, annual reports and press releases when
generally made available to the public. In addition, the Company
will provide to Consultant such other public information about the
Company which Consultant reasonably requests in order to provide
the service obligations under this Agreement.

 

5. Company
Representations. The Company
hereby represents and warrants that all services, opinions and
advice (written or oral) given by Consultant to the Company in
connection with Consultant’s engagement under this Agreement
are intended solely for the benefit and use of the
Company.

 

6. Company
Information. The Company
recognizes and confirms that, in providing the services to the
Company, Consultant will use and rely on data, material and other
information furnished to Consultant by the Company, without
independently verifying the accuracy, completeness or veracity of
same. With permission by the Company, Consultant may disseminate
through the use of postal, courier, print, Internet and web media
and advertisement, data, material or other information furnished to
him by the Company.

 

 

 

 

7. Confidentiality.
Consultant will hold in confidence any confidential information
that the Company provides either orally or in writing to Consultant
pursuant to this Agreement. Notwithstanding the foregoing,
Consultant shall not be required to maintain confidentiality with
respect to information (i) which is or becomes part of the public
domain not due to the breach of this Agreement by Consultant; (ii)
of which he had independent knowledge prior to disclosure; (iii)
which comes into the possession of Consultant in the normal and
routine course of his own business from and through independent
non-confidential sources; or (iv) which is required to be disclosed
by Consultant by laws, rules or regulations. If Consultant is
requested or required to disclose any confidential information
supplied to him by the Company, Consultant shall, unless prohibited
by law, promptly notify the Company of this request(s) so that the
Company may seek an appropriate protective
order.

 

8. Business
Activities. The Company
acknowledges that Consultant or his affiliates are in the business
of providing business and corporate development consulting advice
to others. Nothing herein contained shall be construed to limit or
restrict Consultant in conducting any business, or in rendering any
advice to others, provided that Consultant complies with the
requirements of Section 7 (Confidentiality) of this
Agreement.

 

9. Term.
This Agreement shall commence on the date hereof and will continue
through the six-month anniversary of the date of the Agreement (the
“Term”). This Agreement may not be terminated prior to
the end of the Term.

 

10. Indemnification.

 

(a) The
Company agrees to indemnify and hold harmless Consultant, its
employees, agents, representatives and controlling persons from and
against any and all losses, claims, damages, liabilities, costs and
expenses of or resulting from any suits, actions, investigations or
other proceedings (collectively, “Damages”), including,
without limitation, reasonable attorney fees and expenses, as and
when incurred, if such Damages were directly or indirectly caused
by, relating to, based upon or arising out of any action or
omission by the Company, or the rendering by Consultant of services
pursuant to this Agreement, so long as it is not finally determined
in any judicial proceeding that Consultant shall not have engaged
in intentional or willful misconduct, or shall have acted grossly
negligent, in connection with the services provided which form the
basis of the claim for indemnification. This paragraph shall
survive the termination of this Agreement.

 

11. Independent
Contractor. Consultant shall
perform its services hereunder as an independent contractor and not
as an employee or agent of the Company or any affiliate thereof.
Consultant shall have no authority to act for, represent or bind
the Company or any affiliate thereof in any manner, except as may
be expressly agreed to by the Company in writing from time to
time.

 

12. Cooperation.
The parties agree to execute and
deliver such documents and instruments, whether expressly provided
for herein or not, as may be necessary or appropriate to effectuate
any of the provisions of this Agreement.

 

13. Miscellaneous.
This Agreement constitutes the entire agreement between the parties
with respect to the subject matter hereof. No provision of this
Agreement may be amended, modified or waived, except in a writing
signed by both parties. If any provision of this Agreement is found
to be invalid or unenforceable, the remainder of the Agreement or
the application of the provision to persons or circumstances other
than those as to which it is held invalid or unenforceable, will
not be affected thereby, and each provision of this Agreement will
be valid and be enforced to the fullest extent permitted by law.
This Agreement shall be binding upon and inure to the benefit of
each of the parties and their respective successors, legal
representatives and assigns. This Agreement may be executed in
counterparts. Notices under this Agreement will be sufficient if in
writing and sent by certified mail or through a reputable overnight
carrier such as Federal Express to the address of the recipient
stated above and will be deemed given on the date sent. This
Agreement shall be construed and enforced in accordance with the
laws of the State of Florida without giving effect to conflict of
laws and any dispute arising here from shall be resolved
exclusively by the Courts located in Orlando
Florida.

 

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed on the day and year first above
written.

 

 

	

 

	ParkerVision,
Inc	

 

	

 

	

 

	

 

	

 

	
Mark
Fisher

	
By:  

	
/s/ Jeffery
Parker

	

 

	

By: /s/
Mark Fisher 

	

 

	
Name: Jeffery L.
Parker 

	

 

	

 

	

 

	

Title:
Chief Executive OfficerExhibit 10.1

 

THE EXCHANGE CONTEMPLATED HEREIN IS
INTENDED TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933, AS AMENDED.

 

EXCHANGE AGREEMENT

 

This Exchange Agreement
(this “Agreement”) is entered into as of June 13, 2019 by and between Iliad Research and Trading, L.P., a Utah
limited partnership (“Lender”), and Inpixon, a Nevada corporation (“Borrower” or the “Company”).
Capitalized terms used in this Agreement without definition shall have the meanings given to them in the Original Note (defined
below).

 

A. Borrower
previously sold and issued to Lender that certain Promissory Note dated October 12, 2018, as amended (the “Original Note”),
in the original principal amount of $2,520,000.00 pursuant to that certain Note Purchase Agreement dated October 12, 2018 by and
between Lender and Borrower, as amended (the “Purchase Agreement,” and together with the Original Note and all
other documents entered into in conjunction therewith, the “Transaction Documents”).

 

B. Subject
to the terms of this Agreement, Borrower and Lender desire to partition a new Promissory Note in the form of the Original Note
(the “Partitioned Note”) in the original principal amount of $150,000.00 (“Exchange Amount”)
from the Original Note and then cause the outstanding balance of the Original Note to be reduced by an amount equal to the Exchange
Amount, which represents the total outstanding balance of the Partitioned Note.

 

C. Borrower
and Lender further desire to exchange (such exchange is referred to as the “Note Exchange”) the Partitioned
Note for the delivery of 239,044 shares of the Company’s Common Stock, par value $0.001 (the “Common Stock”,
and such 239,044 shares of Common Stock, the “Exchange Shares”), at an effective price per Exchange Share equal
to $0.6275, according to the terms and conditions of this Agreement.

 

D. The
Note Exchange will consist of Lender surrendering the Partitioned Note in exchange for the Exchange Shares, which will be issued
free of any restrictive securities legend. Other than the surrender of the Partitioned Note, no consideration of any kind whatsoever
shall be given by Lender to Borrower in connection with this Agreement.

 

E. Lender
and Borrower now desire to exchange the Partitioned Note for the Exchange Shares on the terms and conditions set forth herein.

 

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

 

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

     

     

    

 

2. Partition.
Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note.
Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and
effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amount.

 

3. Issuance
of Shares. Pursuant to the terms and conditions of this Agreement, the Exchange Shares shall be delivered to Lender on or before
June 14, 2019 and the Note Exchange shall occur with Lender surrendering the Partitioned Note to Borrower on the Free Trading Date
(as defined below). On the Free Trading Date, the Partitioned Note shall be cancelled and all obligations of Borrower under the
Partitioned Note shall be deemed fulfilled. All Exchange Shares delivered hereunder shall be delivered via DWAC to Lender’s
designated brokerage account. Borrower agrees to provide all necessary cooperation or assistance that may be required to cause
all Exchange Shares delivered hereunder to become Free Trading (the first date such occurs, the “Free Trading Date”).
For purposes hereof, the term “Free Trading” means that (a) the Exchange Shares have been cleared and approved
for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm servicing such brokerage,
and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm and have been deposited into
such clearing firm’s account for the benefit of Lender.

 

4. Closing.
The closing of the transactions contemplated hereby (the “Closing”) along with the delivery of the Exchange
Shares to Lender shall occur on the date that is mutually agreed to by Borrower and Lender by means of the exchange by email of
..pdf documents, but shall be deemed to have occurred at the offices of Hansen Black Anderson Ashcraft PLLC in Lehi, Utah.

 

5. Holding
Period, Tacking and Legal Opinion. Borrower represents, warrants and agrees that for the purposes of Rule 144 (“Rule
144”) of the Securities Act of 1933, as amended (the “Securities Act”), the holding period of the
Partitioned Note and the Exchange Shares will include Lender’s holding period of the Original Note from October 12, 2018,
as amended or modified pursuant to that certain Global Amendment, dated February 8, 2019. Borrower agrees not to take a position
contrary to this Section 6 in any document, statement, setting, or situation. Borrower agrees to take all action necessary to issue
the Exchange Shares without restriction, and not containing any restrictive legend without the need for any action by Lender; provided
that the applicable holding period has been met. In furtherance thereof, at the Closing, counsel to Lender may, in its sole discretion,
provide an opinion that: (a) the Exchange Shares may be resold pursuant to Rule 144 without volume or manner-of-sale restrictions;
and (b) the transactions contemplated hereby and all other documents associated with this transaction comport with the requirements
of Section 3(a)(9) of the Securities Act. Borrower represents that it is not subject to Rule 144(i). The Exchange Shares are being
issued in substitution of and exchange for and not in satisfaction of the Partitioned Note. The Exchange Shares shall not constitute
a novation or satisfaction and accord of the Partitioned Note. Borrower acknowledges and understands that the representations and
agreements of Borrower in this Section 6 are a material inducement to Lender’s decision to consummate the transactions contemplated
herein.

    2

     

    

 

6. Representations,
Warranties and Agreements.

 

(a) Borrower
Representations, Warranties and Agreement. In order to induce Lender to enter into this Agreement, Borrower, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Borrower has full
power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein, all of
which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing or registration with or notice
to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of the obligations
of Borrower hereunder, (c) no Event of Default has occurred under the Original Note and any Events of Default that may have occurred
thereunder have not been, and are not hereby, waived by Lender, (d) except as specifically set forth herein, nothing herein shall
in any manner release, lessen, modify or otherwise affect Borrower’s obligations under the Original Note, (e) the issuance
of the Exchange Shares is duly authorized by all necessary corporate action and the Exchange Shares, when issued in accordance
with the terms hereof, will be validly issued, fully paid and non-assessable, free and clear of all taxes, liens, claims, pledges,
mortgages, restrictions, obligations, security interests and encumbrances of any kind, nature and description, (f) Borrower has
not received any consideration in any form whatsoever for entering into this Agreement, other than the surrender of the Partitioned
Note, and (g) Borrower has taken no action which would give rise to any claim by any person for a brokerage commission, placement
agent or finder’s fee or other similar payment by Borrower related to this Agreement.

 

(b) Lender
Representations Warranties and Agreement. In order to induce the Company to enter into this Agreement, Lender for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Lender has full
power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein, all of
which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing or registration with or notice
to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of the obligations
of Lender hereunder, (c) the Lender understands that the Exchange Shares are being offered and exchanged in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying
in part upon the truth and accuracy of, and the Lender’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Lender set forth herein and in the Exchange Documents in order to determine the availability of such
exemptions and the eligibility of the Lender to acquire the Exchange Shares, (d) the Lender understands that no United States federal
or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities
or the fairness or suitability of the investment in the Partitioned Note or the Exchange Shares nor have such authorities passed
upon or endorsed the merits of the offering of the Partitioned Note or the Exchange Shares, (e) the Lender is acquiring the Partitioned
Note in the ordinary course of its business, the Lender has such knowledge, sophistication, and experience in business and financial
matters so as to be capable of evaluation of the merits and risks of the prospective investment in the Partitioned Note and Exchange
Shares and has so evaluated the merits and risk of such investment and the Lender is an “accredited investor” as defined
in Regulation D under the Securities Act, (f) the Lender owns the Original Note free and clear of any liens, (h) the Lender shall
not sell, purchase, trade or otherwise dispose of or acquire any shares of Common Stock or other securities of the Company until
a Current Report on Form 8-K disclosing the transactions contemplated hereunder is filed with the U.S. Securities and Exchange
Commission, which shall be filed no later than 5:30pm EDT as of the date hereof and (i) the issuance of the Exchange Shares shall
not result in the Lender beneficially owning a number of shares of Common Stock, when aggregated with any other shares of Common
Stock beneficially owned at such time, that would result in the Lender beneficially owning (as determined in accordance with Section
13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder) more than 4.99% of all of the issued
and outstanding shares of Common Stock.

    3

     

    

 

8. Arbitration.
By its execution of this Agreement, each party agrees to be bound by the Arbitration Provisions (as defined in the Purchase Agreement)
set forth as an exhibit to the Purchase Agreement and the parties agree to submit all Claims (as defined in the Purchase Agreement)
arising under this Agreement or any Transaction Document or other agreement between the parties and their affiliates to binding
arbitration pursuant to the Arbitration Provisions.

 

9. Governing
Law; Venue. This Agreement shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this Agreement shall be governed by, the internal laws of the State of Utah, without
giving effect to any choice of law or conflict of law provision or rule (whether of the State of Utah or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the State of Utah. The provisions set forth in the
Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference. BORROWER
HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

10. Counterparts.
This Agreement may be executed in any number of counterparts with the same effect as if all signing parties had signed the same
document. All counterparts shall be construed together and constitute the same instrument. The exchange of copies of this Agreement
and of signature pages by facsimile transmission or other electronic transmission (including email) shall constitute effective
execution and delivery of this Agreement as to the parties and may be used in lieu of the original Agreement for all purposes.
Signatures of the parties transmitted by facsimile transmission or other electronic transmission (including email) shall be deemed
to be their original signatures for all purposes.

 

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

    4

     

    

 

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

 

13. Severability.
If any part of this Agreement is construed to be in violation of any law, such part shall be modified to achieve the objective
of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force and effect.

 

14. Entire
Agreement. This Agreement, together with the Transaction Documents, and all other documents referred to herein, supersedes
all other prior oral or written agreements between Borrower, Lender, its affiliates and persons acting on its behalf with respect
to the matters discussed herein, and this Agreement and the instruments referenced herein contain the entire understanding of the
parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither
Lender nor Borrower makes any representation, warranty, covenant or undertaking with respect to such matters.

 

15. Amendments.
This Agreement may be amended, modified, or supplemented only by written agreement of the parties. No provision of this Agreement
may be waived except in writing signed by the party against whom such waiver is sought to be enforced.

 

16. Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns. This Agreement or any of the severable rights and obligations inuring to the benefit of or to be performed by Lender hereunder
may be assigned by Lender to a third party, including its financing sources, in whole or in part. Borrower may not assign this
Agreement or any of its obligations herein without the prior written consent of Lender.

 

17. Continuing
Enforceability; Conflict Between Documents. Except as otherwise modified by this Agreement, the Original Note, the Partitioned
Note and each of the other Transaction Documents shall remain in full force and effect, enforceable in accordance with all of its
original terms and provisions. This Agreement shall not be effective or binding unless and until it is fully executed and delivered
by Lender and Borrower. If there is any conflict between the terms of this Agreement and the Partitioned Note, on the one hand,
and the Original Note or any other Transaction Document, on the other hand, the terms of this Agreement and the Partitioned Noted
shall prevail.

 

18. Time
of Essence. Time is of the essence with respect to each and every provision of this Agreement.

 

19. Notices.
Unless otherwise specifically provided for herein, all notices, demands or requests required or permitted under this Agreement
to be given to Borrower or Lender shall be given as set forth in the “Notices” section of the Purchase Agreement.

 

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

 

    5

     

    

 

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

 

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

 

	 	LENDER:
	 	 
	 	ILIAD RESEARCH AND TRADING, L.P.
	 	 
	 	By: 	Iliad Management, LLC, its General Partner
	 	 
	 	By: Fife Trading, Inc., its Manger
	 	 
	 	By: 	/s/ John M. Fife
	 	 	John M. Fife, President
	 	 	 	 

 

 

 

 

 

[Signature Page to Exchange Agreement]

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