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Home›Finance Debt›INPIXON: conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a holder, financial statements and supporting documents (Form 8-K)

INPIXON: conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a holder, financial statements and supporting documents (Form 8-K)

By Bethany Blackford
March 23, 2021
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Item 1.01 Conclusion of a Material Definitive Agreement.

At March 17, 2021, Inpixon (the “Company”) has entered into an amendment (the “Amendment”) to this promissory note, dated March 18, 2020, as amended on September 17, 2020 (as amended, the “Note”), issued to Iliad Research and Trading, LP (the “Lender”) of the initial capital of $ 6,465,000. In accordance with the terms of the Amendment, the maturity date of the Ticket has been extended by March 18, 2021 To March 18, 2022 (the “Extension of the Due Date”). In exchange for the extension of the maturity date, the Company has agreed to pay the lender an extension fee in the amount of $ 96,150.14 (the “Extension Fee”), which have been added to the outstanding balance of the ticket. Following the application of the extension tax, from March 17, 2021, the unpaid balance of the ticket has been
$ 4,904,992.31.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K, and is incorporated herein by reference. The terms of the note were previously disclosed in Section 1.01 of the Company’s current report on Form 8-K filed with the United States Securities Commission to March 20, 2020, which description is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a

          Off-Balance Sheet Arrangement of a Registrant.



To the extent required by Section 2.03, the information included in Section 1.01 is incorporated herein by reference.

Item 9.01 Financial statements and supporting documents.




(d) Exhibits.



Exhibit No.   Description

10.1            Amendment #2 to Promissory Note, dated as of March 17, 2021, by and
              between Inpixon and Iliad Research and Trading, L.P.




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