Document:

Exhibit 10.1

 

GLOBAL AMENDMENT

 

This Global Amendment (this
“Amendment”) is entered into as of February 8, 2019 by and between Iliad Research and Trading, L.P., a Utah
limited partnership (“Investor”), and Inpixon, a Nevada corporation (“Company”). Capitalized
terms used in this Amendment without definition shall have the meanings given to them in the Purchase Agreements (as defined below).

 

A.            
Company and Investor are parties to that certain Note Purchase Agreement dated October 12, 2018 (“Purchase Agreement
#1”) and that certain Note Purchase Agreement dated December 21, 2018 (“Purchase Agreement #2,” and
together with Purchase Agreement #1, the “Purchase Agreements”).

 

B.            
Investor and Company have agreed, subject to the terms, amendments, conditions and understandings expressed in this Amendment,
to amend the Purchase Agreements as set forth herein.

 

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

 

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

 

2.       Amendment
to Section 8.1 of the Purchase Agreements. The first sentence of Section 8.1 of each of the Purchase Agreements is hereby amended
by deleting the phrase “by cancellation or exchange of the Note, in whole or in part” (the “Deletion”).
The remaining terms and conditions of the Purchase Agreements and the other Transaction Documents shall remain in full force and
effect.

 

3.       Investor
Fees and Expenses. Company agrees to pay Investor’s fees and other expenses in an aggregate amount of $80,000 (the “Fee”)
in connection with the preparation of this Amendment and for providing the other accommodations set forth herein. Company agrees
that, as of the date hereof, $40,000.00 of the Fee shall be added to each of: (i) the Outstanding Balance of the Note (as defined
in Purchase Agreement #1) issued pursuant to Purchase Agreement #1; and (ii) the Outstanding Balance of the Note (as defined in
Purchase Agreement #2) issued pursuant to Purchase Agreement #2. Investor and Company further agree that such fees are deemed to
be fully earned as of the date hereof and are nonrefundable under any circumstance.

 

4.       Representations
and Warranties. In order to induce Investor to enter into this Amendment, Company, for itself, and for its affiliates, successors
and assigns, hereby acknowledges, represents, warrants and agrees as follows:

 

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

 

     

     

    

 

 

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

 

(c)Except as expressly
set forth in this Amendment, Company acknowledges and agrees that neither the execution and delivery of this Amendment nor any
of the terms, provisions, covenants, or agreements contained in this Amendment shall in any manner release, impair, lessen, modify,
waive, or otherwise affect the liability and obligations of Company under the terms of the Purchase Agreements.

 

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

 

(e)Company represents
and warrants that as of the date hereof no Events of Default or other material breaches exist under the Purchase Agreements, the
Notes or any of the other Transaction Documents, or have occurred prior to the date hereof.

 

5.       Other
Terms Unchanged. The Purchase Agreements, as amended by this Amendment, and the other Transaction Documents remain and continue
in full force and effect, constitute legal, valid, and binding obligations of each of the parties, and are in all respects agreed
to, ratified, and confirmed. Any reference to any of the Purchase Agreements after the date of this Amendment is deemed to be a
reference to such Purchase Agreement as amended by this Amendment. If there is a conflict between the terms of this Amendment and
any Purchase Agreement, the terms of this Amendment shall control. No forbearance or waiver may be implied by this Amendment. Company
acknowledges that it is unconditionally obligated to pay the remaining balance of each Note and represents that such obligation
is not subject to any deductions, defenses, rights of offset, or counterclaims of any kind. Except as expressly set forth herein,
the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment to, any right,
power, or remedy of Investor under the Purchase Agreements, as in effect prior to the date hereof.

 

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

 

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

 

8.       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 Amendment and the consummation of the transactions contemplated
hereby.

 

[Remainder of page intentionally left blank]

 

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

 

	 	BORROWER:
	 	 
	 	INPIXON
	 	 
	 	 
	 	By:	/s/ Nadir Ali
	 	Name:	Nadir Ali
	 	Title:	Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	LENDER:
	 	 
	 	ILIAD
RESEARCH AND TRADING, L.P.
	 	 	 	 
	 	By:	Iliad Management, LLC,
	 	 	its
General Partner
	 	 	 
	 	By:	Fife Trading, Inc., its Manager
	 	 	 	 
	 	 	 	 
	 	 	By:	/s/ John M. Fife
	 	 	 	John
M. Fife, President

 

 

[Signature Page to Global Amendment]Exhibit 10.2

 

FIRST
AMENDMENT AGREEMENT

 

This
FIRST AMENDMENT AGREEMENT (this “First Amendment”) is made and entered into as of February 4, 2019 (“Amendment
Date”) by and between Sysorex, Inc., a Nevada corporation (the “Company”), and Inpixon,
a Nevada corporation (the “Purchaser”). In this First Amendment, the Company and the Purchaser are sometimes
referred to singularly as a “party” and collectively as the “parties”. Capitalized terms not otherwise
defined herein shall have the meanings set forth in the Note (as defined below) or the NPA (as defined below), as applicable.

 

WHEREAS,
pursuant to that certain Note Purchase Agreement, dated as of December 31, 2018 (the “NPA”), by and
between the Company and the Purchaser, the Company has issued and sold to the Purchaser a secured promissory note in a maximum
principal amount up to an aggregate sum of $3,000,000.00 dated as of December 31, 2018 (the “Note”);
and

 

WHEREAS,
subject to the terms and conditions herein, the parties desire to amend the NPA and the Note to increase the maximum principal
amount that may be outstanding at any time from $3,000,000.00 to $5,000,000.00 in accordance with this First Amendment.

 

NOW,
THEREFORE, in consideration of the mutual covenants of the parties as hereinafter set forth and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

 

AGREEMENT

 

1.       Amendment
to the NPA and the Note. The reference in paragraph 1 of the
NPA to “Three Million Dollars ($3,000,000)” is hereby deleted and replaced with “Five Million Dollars ($5,000,000)”.
The reference to $3,000,000.00 on the face of the Note is hereby deleted and replaced with $5,000,000.00 and the reference to
“Three Million Dollars ($3,000,000.00)” in the preamble to the Note is hereby deleted and replaced with “Five
Million Dollars ($5,000,000.00).” There are no other changes to the NPA or Note.

 

2.       Effect
on Transaction Documents.

 

2.1.       As
of the date hereof, each reference in the NPA to “this Agreement,” “hereunder,” “hereof” or
words of like import referring to the NPA, and each reference in the Note to “the Note Purchase Agreement,” “the
Agreement,” “thereunder,” “thereof” or words of like import referring to the NPA shall mean and
be a reference to the NPA, as amended by this First Amendment.

 

2.2.       As
of the date hereof, each reference in the Note to “this Note,” “hereunder,” “hereof” or words
of like import referring to the Note, and each reference in the NPA to the “Note,” “thereunder,” “thereof”
or words of like import referring to the Note shall mean and be a reference to the Note, as amended by this First Amendment.

   

2.3.       Except
as expressly set forth herein, the terms and conditions of the NPA and Note shall remain in full force and effect and each of
the parties reserves all rights with respect to any other matters and remedies.

  

     

     

    

 

3.       Fees
and Expenses. Each party shall pay the fees and expenses of its advisors, counsel, accountants and other experts, if any,
and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of
this First Amendment.

 

4.       Miscellaneous.

 

4.1.       This
First Amendment, the Note, and the NPA contain the entire agreement of the parties with respect to the subject matter hereof and
supersede all prior agreements and understandings, oral or written, with respect to such matters. This First Amendment shall be
binding upon and inure to the benefit of the parties and their successors and permitted assigns. This First Amendment may not
be amended, modified or supplemented, and no provision of this First Amendment may be waived, other than by a written instrument
duly executed and delivered by the parties.

 

4.2.       It
is hereby understood that this First Amendment does not constitute an admission of liability by any party, including any admission
of default under the NPA or the Note.

 

4.3.       In
all respects, including all matters of construction, validity and performance, this First Amendment shall be governed by, and
construed and enforced in accordance with, the laws of the State of Nevada as applicable to contracts made and performed in such
State, without regard to principles thereof regarding conflicts or choice of law.

 

4.4.       This
First Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original
and, all of which taken together shall constitute one and the same agreement. In the event that any signature is delivered in
..pdf by email, such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature
is executed) the same with the same force and effect as if such signature were the original thereof.

 

[SIGNATURE
PAGE FOLLOWS]

   

     

     

    

 

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

  

	 	INPIXON
	 	 
	 	By:	/s/ Nadir Ali
	 		Name: 	 Nadir Ali
	 		Title:	 Chief Executive Officer

 

[SIGNATURE
PAGE OF THE PURCHASER]

 

     

     

    

    

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

  

	 	SYSOREX, INC.
	 	 
	 	By:	/s/ Zaman Khan
	 	 	Name:  	Zaman Khan
	 	 	Title:	 Chief Executive Officer

 

[SIGNATURE
PAGE OF THE COMPANY]

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