Amendment No. 1 to Payplant Client Agreement among Inpixon, Sysorex, Sysorex Government Services, and Payplant LLC
This amendment updates the Payplant Client Agreement originally signed on August 14, 2017. It removes Sysorex, Inc. and Sysorex Government Services, Inc. as parties to the agreement, leaving Inpixon as the sole client. Sysorex and Sysorex Government Services are released from all past, present, and future obligations under the agreement but are made third-party beneficiaries of this amendment. Any further changes to this amendment require their written consent. The amendment is effective as of August 31, 2018, and is signed by all involved parties.
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of this Amendment 1 to Payplant Client Agreement (this “Amendment”) and this Amendment may not be further amended or rescinded without the prior written consent of Sysorex and SGS.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 | ||
