Amendment 1 to Payplant Client Agreement dated August 14, 2017 among Inpixon, Sysorex, Inc., Sysorex Government Services and Payplant LLC

EX-10.7 8 f8k083118ex10-7_sysorex.htm AMENDMENT 1 TO PAYPLANT CLIENT AGREEMENT DATED AUGUST 14, 2017 AMONG INPIXON, SYSOREX, INC., SYSOREX GOVERNMENT SERVICES AND PAYPLANT LLC

Exhibit 10.7

 

Amendment 1 to Payplant Client Agreement

 

This Payplant Client Agreement (this “Agreement”) signed as of August 14, 2017 and entered into by and among (1) Inpixon, a Nevada corporation (“Inpixon”), with offices at 2479 East Bayshore Road, Suite 195, Palo Alto, CA 94303, Inpixon USA, a California corporation (“IUSA”), which was merged with and into Sysorex, Inc., a Nevada corporation (“Sysorex”) on July 26, 2018, with offices at 2355 Dulles Corner Boulevard, Suite 600, Herndon, VA 20171, and Sysorex Government Services, Inc., a Virginia corporation(“SGS”), with offices at 2355 Dulles Corner Boulevard, Suite 600, Herndon, VA 20171, and (2) Payplant LLC, a Delaware Limited Liability company, with an address of 2625 Middlefield Road #595, Palo Alto, CA 94306, is hereby amended as follows:

 

1.Sysorex, as successor-in-interest to IUSA, and SGS are no longer party to this Agreement, while Inpixon remains a party to this Agreement.
2.Henceforth, the term “Client” as used in this Agreement only refers to Inpixon.
3.Sysorex and SGS are hereby released from any and all obligations and liabilities arising under this Agreement whether previously in existence, now existing or hereafter arising.

 

Sysorex and SGS are deemed to be third party beneficiaries of this Amendment 1 to Payplant Client Agreement (this “Amendment”) and this Amendment may not be further amended or rescinded without the prior written consent of Sysorex and SGS.

 

IN WITNESS WHEREOF, this Amendment 1 to Payplant Client Agreement has been executed as of August 31, 2018.

 

Payplant LLC,
a Delaware limited liability company
   
Signature: /s/ Neerav Berry  
  Name:  Neerav Berry  
  Title: CEO & Co-Founder  
  Date: 8/30/18  
   
CLIENT:  
Inpixon,
a Nevada corporation		  
   
Signature: /s/ Nadir Ali  
  Name: Nadir Ali  
  Title: CEO  
  Date: 8-29-18  
   
Agreed and Consented to:  
Sysorex, Inc.,
a Nevada corporation		  
   
Signature:  /s/ Zaman Khan  
  Name:

Zaman Khan

  
  Title: CEO  
  Date: 8-29-18  
   
Sysorex Government Services, Inc.,
a Virginia corporation
 
Signature: /s/ Zaman Khan  
  Name: Zaman Khan  
  Title: CEO  
  Date: 8-29-18