SEC Contract Filing

Filing Date: 2019-11-06

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k110619ex10-1_inpixon.htm
<DESCRIPTION>EXCHANGE AGREEMENT, DATED AS OF NOVEMBER 6, 2019, BY AND BETWEEN INPIXON AND ILIAD RESEARCH AND TRADING, L.P.
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<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>THE EXCHANGE CONTEMPLATED HEREIN IS INTENDED
TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933, AS AMENDED.</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>EXCHANGE AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Exchange Agreement
(this &ldquo;<B>Agreement</B>&rdquo;) is entered into as of November 6, 2019 by and between Iliad Research and Trading, L.P., a
Utah limited partnership (&ldquo;<B>Lender</B>&rdquo;), and Inpixon, a Nevada corporation (&ldquo;<B>Borrower</B>&rdquo; or the
&ldquo;<B>Company</B>&rdquo;). Capitalized terms used in this Agreement without definition shall have the meanings given to them
in the Original Note (defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">A.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Borrower previously sold and issued to Lender that certain Promissory Note dated December 21, 2018, as amended (the &ldquo;<B>Original
Note</B>&rdquo;), in the original principal amount of $1,895,000.00 pursuant to that certain Note Purchase Agreement dated December
21, 2018 by and between Lender and Borrower, as amended (the &ldquo;<B>Purchase Agreement</B>,&rdquo; and together with the Original
Note and all other documents entered into in conjunction therewith, the &ldquo;<B>Transaction Documents</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">B.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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 &ldquo;<B>Partitioned Note</B>&rdquo;) in the original principal amount of $157,500.00 (&ldquo;<B>Exchange Amount</B>&rdquo;)
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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">C.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Borrower and Lender further desire to exchange (such exchange is referred to as the &ldquo;<B>Note Exchange</B>&rdquo;)
the Partitioned Note for the delivery of 1,750,000 shares of the Company&rsquo;s Common Stock, par value $0.001 (the &ldquo;<B>Common
Stock</B>&rdquo;, and such 1,750,000 shares of Common Stock, the &ldquo;<B>Exchange Shares</B>&rdquo;), at an effective price per
Exchange Share equal to $0.09, according to the terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">D.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">E.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lender and Borrower have agreed to exchange the Partitioned Note for the Exchange Shares on the terms and conditions set
forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Recitals and Definitions</U>. 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.</P>

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