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Each Inpixon equity holder of record as of the close of business on August 21, 2018 received one share of the Company&#8217;s common stock for every three shares of Inpixon common stock held on the record date or such number of shares of common stock issuable upon complete conversion of Inpixon convertible preferred stock or exercise of certain participating warrants. Approximately 40 million shares of the Company&#8217;s common stock were distributed on the Distribution Date to Inpixon equity holders. 9514000 30750000 349000 1649000 -1300000 1249000 6218000 -4969000 8426000 26394000 230000 1330000 -1100000 676000 4877000 -4201000 1945 1945 0.33 0.11 0.13 0.43 0.16 0.11 0.29 0.13 0.27 0.13 0.14 0.21 0.27 0.00 0.17 0.29 0.23 0.19 0.17 0.21 0.11 0.26 0.14 0.10 0.38 0.18 0.19 0.31 0.08 0.00 0.03 0.10 2800000 1000000 707000 6500000 2800000 134000 117000 400000 200000 100000 3 3 3 2 2 2 2 2 2 3 3 3 3 3 3 1019097 The term of any loan made to the Borrowers may not exceed 360 days. The principal amount of any loan will accrue interest at a 30 day rate of 2%, calculated per day. Upon the occurrence and during the continuance of an Event of Default, as defined in the Loan Agreement, interest will accrue at a rate equal to the interest rate plus 0.42% per 30 days. In no event will interest, when combined with all fees that may be characterized as interest, exceed the Maximum Rate, as defined in the Loan Agreement. All computations of interest will be made on the basis of a 360 day year. The Borrowers will have the right to prepay any loan upon the payment of a premium of least 30 days of interest. 3194120 128000 26000 26000 The Company agreed to invoice Inpixon upon the calculation of amounts owed for the foregoing costs, and Inpixon agreed to reimburse the Company for all such costs within 3 days of its receipt of each such invoice, plus an administrative service fee of 2% of the gross amount of each respective invoice; provided, however, that the Company agreed to waive such fee for so long as any Inpixon employees are providing any necessary administrative services on behalf of and for the benefit of the Company, including any employees that are furnished to Inpixon in accordance with the Transition Agreements. 543000 750000 1100000.00 246000 246000 246000 0.10 The Company signed a settlement agreement with Microfocus for $200,000 which has been paid as of the date of this filing. 486000 243000 200000 1000000 9152698.71 145000 1800000 1200000 421000 176000 334000 3938000 3688000 3688000 336000 20000 10000000 0.00001 The holders of the Company's common stock are entitled to one vote per share. On July 30, 2018, the board of directors of the Company and its sole director approved the Company's 2018 Equity Incentive Plan (the "2018 Plan"), which enables the Company to grant stock options, share appreciation rights, restricted stock, restricted stock units, share awards, performance unit awards, and cash awards to associates, directors, consultants, and advisors of the Company and its affiliates, and to improve the ability of the Company to attract, retain, and motivate individuals upon whom the Company's sustained growth and financial success depend, by providing such persons with an opportunity to acquire or increase their proprietary interest in the Company. Stock options granted under the 2018 Plan may be non-qualified stock options or incentive stock options, within the meaning of Section 422(b) of the Internal Revenue Code of 1986. Each option, or portion thereof, that is not an incentive stock option, shall be considered a non-qualified option. The option price must be at least 100% of the fair market value on the date of grant and if an Incentive Stock Option is issued to a 10% or greater shareholder the grant must be 110% of the fair market value on the date of the grant. The 2018 Plan is to be administered by the Board, which shall have discretion over the awards and grants thereunder. The aggregate maximum number of shares of common stock for which stock options or awards may be granted pursuant to the 2018 Plan is 8,000,000, which number will be automatically increased on the first day of each quarter, beginning on January 1, 2019 and for each quarter thereafter, by a number of shares of common stock equal to the least of (i) 1,000,000 shares,(ii) 10% of the shares of common stock issued and outstanding on that date, or (iii) a lesser number of shares that may be determined by the board. No awards may be issued after July 30, 2028. 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