INPIXON (NASDAQ: INPX) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
Standstill Agreement
On November 26, 2018, Inpixon (the “Company”) and the holder (the “Note Holder”) of that certain outstanding convertible promissory note, issued on November 17, 2017, with a current outstanding principal amount of $371,600.98, to that certain Securities Purchase Agreement, dated November 17, 2017, as amended by the Waiver and First Amendment Agreement, dated January 5, 2018, the Standstill Agreement, dated May 23, 2018, the Standstill Agreement, dated August 30, 2018, and the Exchange Agreement, dated October 5, 2018 (as so amended, the “Note”), entered into a standstill agreement (the “Standstill Agreement”).
to the Standstill Agreement, the Note Holder has agreed that (i) its right to redeem all or any portion of the Note will not commence until February 28, 2019; and (ii) the maturity date of the Note will be extended to February 28, 2019. The Company will pay to the Note Holder a standstill fee of $50,000.00 as consideration for the Note Holder’s consent to enter into the Standstill Agreement.
This summary is qualified in its entirety by reference to theStandstill Agreementwhich is included with this report as Exhibit 10.1 and is incorporatedherein by reference.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
| *10.1 | Standstill Agreement, dated November 26, 2018 |
* Filed herewith
INPIXON ExhibitEX-10.1 2 f8k112618ex10-1_inpixon.htm STANDSTILL AGREEMENT,…To view the full exhibit click here
