Document:

Exhibit 10.6

 

CORPORATE GUARANTY

 

This Corporate Guaranty (“Guaranty”) is
issued effective June 22, 2016, by Sysorex Global, Inc., a Nevada corporation with offices located at 2479 E. Bayshore Road, Suite
195, Palo Alto, CA 94303 (“Guarantor”) to induce Avnet, Inc., a New York corporation with offices at 2211 S. 47th
Street, Phoenix, AZ 85034 and its subsidiaries and affiliates listed in Exhibit A (“Avnet”) to extend credit to Guarantor’s
affiliates and subsidiaries listed in Exhibit B (“Debtor”).

 

		1.	In consideration for Avnet extending credit from time to time to the Debtor, and other valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, Guarantor unconditionally guarantees to Avnet the prompt
and full payment and performance of any and all present and future duties, liabilities, obligations and indebtedness owing to Avnet
by the Debtor as and when the same will in any manner be or become due, either according to the terms and conditions of any agreement,
extensions, renewals, modifications, supplements or amendments thereto or any other written instruments, promissory notes, security
agreements, credit agreements, purchase orders or invoices (collectively, the “Guaranteed Obligations”). Guarantor
agrees, on demand, to reimburse Avnet for all expenses, collection charges, costs and attorneys' fees incurred in collecting or
enforcing any of the obligations of the Debtor or Guarantor's obligations under this Guaranty.

 

		2.	Guarantor agrees that this Guaranty shall not be affected or impaired by any modification, supplement,
extension, amendment, release or other alteration of any agreement between Avnet and the Debtor relating to the Guaranteed Obligations.
The liability of the Debtor is primary, direct, unconditional and enforceable without prior resort to any other right, remedy or
security.

 

		3.	This Guaranty shall continue in force until Guarantor receives written notice from Avnet terminating
this Guaranty as to future transactions and until all Guaranteed Obligations are fulfilled. Guarantor further agrees that to the
extent Debtor makes a payment or payments to Avnet, which payment or payments or any part are subsequently invalidated, declared
to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party under any bankruptcy
act, state or federal law, common law or equitable cause, then to the extent of such payment or payments, the obligation or part
intended to be satisfied shall be revived and continued in full force and effect as if the payment had not been made.

 

		4.	Guarantor shall not exercise, plead or enforce any right of contribution, reimbursement, recourse,
subrogation available to Guarantor as to any Guaranteed Obligations.

 

Avnet Confidential & Proprietary

Avnet Corporate Guaranty

 

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		5.	Guarantor waives any defenses, claims, setoffs, and discharges of Debtor, or any other obligor,
pertaining to any of the Guaranteed Obligations, except the defense of discharge by satisfaction in full of the Guaranteed Obligations.
Without limiting the generality of the foregoing, Guarantor shall not assert, plead or enforce against Avnet any defense of waiver,
release, discharge in bankruptcy, statute of limitations, res judicata, statute of frauds, anti-deficiency statute, fraud, incapacity,
minority, usury, illegality or unenforceability, which may be available to Debtor or any other person liable in respect of any
of the Guaranteed Obligations. Guarantor expressly agrees that Guarantor shall be and remain liable for any deficiency remaining
after foreclosure of any mortgage or security interest securing any of the Guaranteed Obligations, whether or not the liability
of Debtor or any other obligor for such deficiency is discharged pursuant to statute or judicial decision. The liability of Guarantor
shall not be affected or impaired by any voluntary or involuntary liquidation, dissolution, sale or other disposition of all or
substantially all the assets, marshalling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit
of creditors, reorganization, arrangement, composition or readjustment of, or other similar event or proceeding affecting Debtor
or any of its assets. Guarantor shall not assert, plead or enforce against Avnet any claim, defense or setoff available to Guarantor
against Debtor.

 

		6.	Guarantor waives presentment, demand for payment, notice of dishonor or nonpayment, and production
of any instrument evidencing the Guaranteed Obligations.

 

		7.	Subject to the terms contained within the Subordination Agreement between Western Alliance Bank
and Avnet effective June 22, 2016, and Security Agreement between Sysorex USA, Sysorex Global, Inc. and Avnet effective June 22,
2016, Guarantor agrees that any indebtedness of Debtor now or hereafter held by Guarantor will be subordinated to the Guaranteed
Obligations and, after a default under any agreement or any other document or instrument evidencing or securing the Guaranteed
Obligations, any such indebtedness of Debtor shall be collected, enforced and received by Guarantor, as trustee for Avnet, but
without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty.

 

		8.	Guarantor waives any and all benefits and defenses of all suretyship defenses otherwise available to Guarantor, including,
without limitation, the right to require Avnet to: (a) proceed against Debtor or any other guarantor; (b) proceed against or exhaust
any collateral Avnet may hold; (c) present any instrument evidencing the Guaranteed Obligations, or (c) pursue any other right
or remedy for Guarantor’s benefit. Avnet may, at its option, proceed directly, without notice, against Guarantor to collect
and recover the full amount of the liability hereunder or any portion thereof, without proceeding against Debtor or any other person,
or foreclosing upon, selling or otherwise disposing of or collecting or applying against any collateral for the Guaranteed Obligations.

 

		9.	This Guaranty is accepted and becomes effective in the State of Arizona and shall be governed by
the laws and decisions of the State of Arizona. Guarantor submits to the personal jurisdiction of the State Courts of Arizona or
the Federal Courts in Arizona upon service of process in accordance with the laws of the State of Arizona. Nothing, however, shall
affect the right of Avnet to commence legal proceedings or otherwise proceed against Guarantor in any other jurisdiction. This
Guaranty shall inure to the benefit of Avnet and its successors and assigns and shall be binding upon the Guarantor and its successors
and assigns.

 

		10.	Any invalidity or unenforceability of any provision or application of this Guaranty shall not affect
other lawful provisions and application hereof, and to this end the provisions of this Guaranty are declared to be severable. This
Guaranty may not be waived, modified, amended, terminated, released or otherwise changed except by a writing signed by Guarantor
and Avnet.

 

		11.	So long as any of the Guaranteed Obligations remain outstanding, Guarantor agrees and covenants
not to sell, convey, transfer, assign, encumber, hypothecate or pledge any of its equity or ownership interest in Debtor (whether
direct or indirect) to any person or entity.

 

Avnet Confidential & Proprietary

Avnet Corporate Guaranty

 

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		12.	Guarantor represents and warrants to Avnet: (a) Guarantor executed this Guaranty without any intent
to hinder, delay, or defraud any current or future creditor of Guarantor; (b) Guarantor is not insolvent and will not become insolvent
as a result of the execution of this Guaranty; (c) Guarantor is not engaged and is not about to engage in any business or transaction
for which any property remaining with Guarantor has an unreasonably small capital or for which the remaining assets of Guarantor
were unreasonably small in relation to the business of Guarantor or the transaction contemplated by this Guaranty; (d) Guarantor
does not intend to incur, and does not believe or reasonably should not believe that Guarantor will incur, debts beyond Guarantor’s
ability to pay such debts as they become due; (e) has power to enter into this Guaranty; (f) Guarantor has been fully authorized
to execute and deliver this Guaranty, (h) this Guaranty constitutes a valid and legally binding obligation of Guarantor enforceable
against Guarantor in accordance with its respective terms, and (h) the execution and delivery of this Guaranty, the consummation
of the transactions contemplated hereby and the fulfillment of the terms and conditions do not and will not violate any law, rule,
regulation or order, conflict with or result in a breach of any of the terms or conditions of the articles of incorporation or
bylaws of Guarantor, or of any restriction or of any agreement or instrument to which Guarantor is now a party and does not and
will not constitute a default under any of the foregoing or result in the creation or imposition of any liens, charges or encumbrances
of any nature upon any of the property or assets of Guarantor contrary to the terms of any instrument or agreement to which Guarantor
is a party or by which it is bound.

 

Sysorex Global, Inc.

 

	/s/ Nadir Ali	 
	Authorized Signatory	 
	 	 
	Nadir Ali	 
	Printed Name	 
	 	 
	CEO	 
	Title	 

 

Avnet Confidential & Proprietary

Avnet Corporate Guaranty

 

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EXHIBIT A

 

 

 

Avnet Confidential & Proprietary

Avnet Corporate Guaranty

 

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EXHIBIT B

 

Sysorex USA, a California Corporation

 

 

 

Avnet Confidential & Proprietary

Avnet Corporate Guaranty

 

    	 	5Exhibit 10.8

 

INDEMNIFICATION
AGREEMENT

 

THIS
INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into as of this ___ day of ______, 20__, by
and between , a Nevada corporation (the “Company”), and the undersigned (“Indemnitee”).

 

WHEREAS,
at the request of the Company, Indemnitee currently serves as an executive officer and/or director of the Company and may, therefore,
be subjected to claims, suits or proceedings arising as a result of his service; and

 

WHEREAS,
as an inducement to Indemnitee to continue to serve as such executive officer and/or director, the Company has agreed to indemnify
and to advance expenses and costs incurred by Indemnitee in connection with any such claims, suits or proceedings, to the fullest
extent permitted by law, except as otherwise expressly provided for herein; and

 

WHEREAS,
the parties by this Agreement desire to set forth their agreement regarding indemnification and advance of expenses; and

 

NOW,
THEREFORE, in consideration of the premises and the covenants contained herein, and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Company and Indemnitee
do hereby covenant and agree as follows:

 

Section
1. Definitions. For purposes of this Agreement:

 

(a)
“Change of Control” shall mean the occurrence of any of the following events after the Effective Date of this
Agreement:

 

(i)
the sale or other disposition of all or substantially all of the Company’s assets; or

 

(ii)
the acquisition, whether directly, indirectly, beneficially (within the meaning of rule 13d-3 of the Securities Exchange Act of
1934, as amended (the “1934 Act”)) or of record, as a result of a merger, consolidation or otherwise,
of securities of the Company representing fifty percent (50%) or more of the aggregate voting power of the Company’s then-outstanding
Common Stock by any “person” (within the meaning of Sections 13(d) and 14(d) of the 1934 Act), including, but not
limited to, any corporation or group of persons acting in concert, other than (i) the Company or its subsidiaries and/or (ii)
any employee pension benefit plan (within the meaning of Section 3(2) of the Employee Retirement Income Security Act of 1974)
of the Company or its subsidiaries, including a trust established pursuant to any such plan; or

 

(iii)
the individuals who were members of the Board of Directors as of the Effective Date (the “Incumbent Board”)
cease to constitute at least two-thirds (2/3) of the Board of Directors; provided, however, that any director appointed
by at least two-thirds (2/3) of the then Incumbent Board or nominated by at least two-thirds (2/3) of the Board of Directors or
the Corporate Governance / Nominating Committee of the Board of Directors (a majority of the members of the Corporate Governance
/ Nominating Committee shall be members of the then Incumbent Board or appointees thereof), other than any director appointed
or nominated in connection with, or as a result of, a threatened or actual proxy or control contest, shall be deemed to constitute
a member of the Incumbent Board.

 

(b)
“Corporate Status” means the status of a person who is or was a director, trustee, officer, employee or agent
of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise for which
such person is or was serving at the request of the Company.

 

(c)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee.

 

(d)
“Effective Date” means the date set forth in the first paragraph of this Agreement.

 

(e)
“Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees
of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery
service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, or being or preparing to be a witness in a Proceeding.

  

     

     

    

 

(f)
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation
law and neither is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material
to either such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. If a Change of Control has not occurred, Independent Counsel
shall be selected by the Board of Directors, with the approval of Indemnitee, which approval will not be unreasonably withheld.
If a Change of Control has occurred, Independent Counsel shall be selected by Indemnitee, with the approval of the Board of Directors,
which approval will not be unreasonably withheld.

 

(g)
“Proceeding” includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution
mechanism, investigation, administrative hearing or any other proceeding, whether civil, criminal, administrative or investigative
(including on appeal), except one (i) initiated by an Indemnitee pursuant to Section 11 of this Agreement to enforce his rights
under this Agreement or (ii) pending or completed on or before the Effective Date, unless otherwise specifically agreed in writing
by the Company and Indemnitee.

 

Section
2. Services by Indemnitee.

 

Indemnitee
will serve as an executive officer and/or director of the Company. However, this Agreement shall not impose any obligation on
Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or
by other agreements or commitments of the parties, if any.

 

Section
3. Indemnification — General.

 

The
Company shall indemnify, and advance Expenses to, Indemnitee

 

(a)
as provided in this Agreement and

 

(b)
otherwise to the fullest extent permitted by Nevada law in effect on the date hereof and as amended from time to time; provided,
however, that no change in Nevada law shall have the effect of reducing the benefits available to Indemnitee hereunder based on
Nevada law as in effect on the date hereof.

 

The
rights of Indemnitee provided in this Section 3 shall include, without limitation, the rights set forth in the other sections
of this Agreement, including any additional indemnification permitted by Chapter 78 of the Revised Nevada Revised Statutes (“NRS”).

 

Section
4. Proceedings Other Than Proceedings by or in the Right of the Company.

 

Indemnitee
shall be entitled to the rights of indemnification provided in this Section 4 if, by reason of his Corporate Status, he is, or
is threatened to be, made a party to or a witness in any threatened, pending, or completed Proceeding, other than a Proceeding
by or in the right of the Company. Pursuant to this Section 4, Indemnitee shall be indemnified against all judgments, penalties,
fines and amounts paid in settlement and all Expenses actually and reasonably incurred by him or on his behalf in connection with
a Proceeding by reason of his Corporate Status unless it is established that (i) the act or omission of Indemnitee was material
to the matter giving rise to the Proceeding and (a) was committed in bad faith or (b) was the result of active and deliberate
dishonesty, (ii) Indemnitee actually received an improper personal benefit in money, property or services, or (iii) in the case
of any criminal Proceeding, Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

Section
5. Proceedings by or in the Right of the Company.

 

Indemnitee
shall be entitled to the rights of indemnification provided in this Section 5 if, by reason of his Corporate Status, he is, or
is threatened to be, made a party to or a witness in any threatened, pending or completed Proceeding brought by or in the right
of the Company to procure a judgment in its favor. Pursuant to this Section 5, Indemnitee shall be indemnified against all amounts
paid in settlement and all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding
unless it is established that (i) the act or omission of Indemnitee was material to the matter giving rise to such a Proceeding
and (a) was committed in bad faith or (b) was the result of active and deliberate dishonesty or (ii) Indemnitee actually received
an improper personal benefit in money, property or services.

  

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Section
6. Court-Ordered Indemnification.

 

Notwithstanding
any other provision of this Agreement, a court of appropriate jurisdiction, upon application of Indemnitee and such notice as
the court shall require, may order indemnification in the following circumstances:

 

(a)
if it determines Indemnitee is entitled to reimbursement under Chapter 78 of the NRS, the court shall order indemnification, in
which case Indemnitee shall be entitled to recover the expenses of securing such reimbursement; or

 

(b)
if it determines that Indemnitee is fairly and reasonably entitled to indemnification in view of all the relevant circumstances,
whether or not Indemnitee (i) has met the standards of conduct set forth in Chapter 78 of the NRS or (ii) has been adjudged liable
for receipt of an improper personal benefit under Chapter 78 of the NRS, the court may order such indemnification as the court
shall deem proper.

 

Section
7. Indemnification for Expenses of a Party Who is Wholly or Partly Successful.

 

Notwithstanding
any other provision of this Agreement, and without limiting any such provision, to the extent that Indemnitee is, by reason of
his Corporate Status, made a party to and is successful, on the merits or otherwise, in the defense of any Proceeding, he shall
be indemnified for all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee
is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee under this Section 7 for all Expenses actually
and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter, allocated
on a reasonable and proportionate basis. For purposes of this Section and without limitation, the termination of any claim, issue
or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim,
issue or matter.

 

Section
8. Advance of Expenses.

 

The
Company shall advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding to which
Indemnitee is, or is threatened to be, made a party or a witness, within ten days after the receipt by the Company of a statement
or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition
of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include
or be preceded or accompanied by a written affirmation by Indemnitee of Indemnitee’s good faith belief that the standard
of conduct necessary for indemnification by the Company as authorized by law and by this Agreement has been met and a written
undertaking by or on behalf of Indemnitee, in substantially the form attached hereto as Exhibit A or in such form as may
be required under applicable law as in effect at the time of the execution thereof, to reimburse the portion of any Expenses advanced
to Indemnitee relating to claims, issues or matters in the Proceeding as to which it shall ultimately be established that the
standard of conduct has not been met and which have not been successfully resolved as described in Section 7. To the extent that
Expenses advanced to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated
on a reasonable and proportionate basis. The undertaking required by this Section 8 shall be an unlimited general obligation by
or on behalf of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced
Expenses and without any requirement to post security therefor.

  

Section
9. Procedure for Determination of Entitlement to Indemnification.

 

(a)
To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or
therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine
whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt
of such a request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification.

 

(b)
Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 9(a) hereof, a determination,
if required by applicable law, with respect to Indemnitee’s entitlement thereto shall promptly be made in the specific case:

 

(i)
if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy of which
shall be delivered to Indemnitee; or

 

(ii)
if a Change of Control shall not have occurred, (A) by the Board of Directors (or a duly authorized committee thereof) by a majority
vote of a quorum consisting of Disinterested Directors (“Disinterested Directors”), or (B) if a quorum of the
Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, such quorum of Disinterested
Directors so directs, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered
to Indemnitee, or (C) if so directed by a majority of the members of the Board of Directors, by the stockholders of the Company;
and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days
after such determination.

  

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Indemnitee
shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably
necessary to such determination. Any costs or Expenses incurred by Indemnitee in so cooperating with the person, persons or entity
making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement
to indemnification) and the Company shall indemnify and hold Indemnitee harmless therefrom.

 

Section
10. Presumptions and Effect of Certain Proceedings. 

 

(a)
In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a
request for indemnification in accordance with Section 9(a) of this Agreement, and the Company shall have the burden of proof
to overcome that presumption in connection with the making of any determination contrary to that presumption.

 

(b)
The termination of any Proceeding by judgment, order, settlement, conviction, a plea of nolo contendere or its equivalent, or
an entry of an order of probation prior to judgment, does not create a presumption that Indemnitee did not meet the requisite
standard of conduct described herein for indemnification.

 

Section
11. Remedies of Indemnitee. 

 

(a)
If (i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under
this Agreement, (ii) advance of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of
entitlement to indemnification shall have been made pursuant to Section 9(b) of this Agreement within 30 days after receipt by
the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement
within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification is not made within
ten days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an
adjudication in an appropriate court of the State of Nevada, or in any other court of competent jurisdiction, of his entitlement
to such indemnification or advance of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration to
be conducted by a single arbitrator pursuant to the commercial Arbitration Rules of the American Arbitration Association. Indemnitee
shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which
Indemnitee first has the right to commence such proceeding pursuant to this Section 11(a); provided, however, that the foregoing
clause shall not apply to a proceeding brought by Indemnitee to enforce his rights under Section 7 of this Agreement.

 

(b)
In any judicial proceeding or arbitration commenced pursuant to this Section 11 the Company shall have the burden of proving that
Indemnitee is not entitled to indemnification or advance of Expenses, as the case may be.

 

(c)
If a determination shall have been made pursuant to Section 9(b) of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section
11, absent a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification.

 

(d)
In the event that Indemnitee, pursuant to this Section 11, seeks a judicial adjudication of or an award in arbitration to enforce
his rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company,
and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him in such judicial adjudication
or arbitration. If it shall be determined in such judicial adjudication or arbitration that Indemnitee is entitled to receive
part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by Indemnitee in connection with
such judicial adjudication or arbitration shall be appropriately prorated.

  

    	 	4	 

     

    

 

Section
12. Defense of the Underlying Proceeding. 

 

(a)
Indemnitee shall notify the Company promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment,
information, notice, request or other document relating to any Proceeding which may result in the right to indemnification or
the advance of Expenses hereunder; provided, however, that the failure to give any such notice shall not disqualify Indemnitee
from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under
this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy
is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

 

(b)
Subject to the provisions of the last sentence of this Section 12(b) and of Section 12(c) below, the Company shall have the right
to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that the Company shall
notify Indemnitee of any such decision to defend within 15 calendar days following receipt of notice of any such Proceeding under
Section 12(a) above. The Company shall not, without the prior written consent of Indemnitee, which shall not be unreasonably withheld
or delayed, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (i) includes
an admission of fault of Indemnitee or (ii) does not include, as an unconditional term thereof, the full release of Indemnitee
from all liability in respect of such Proceeding, which release shall be in form and substance reasonably satisfactory to Indemnitee.
This Section 12(b) shall not apply to a Proceeding brought by Indemnitee under Section 11 above or Section 18 below.

 

(c)
Notwithstanding the provisions of Section 12(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s
Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval
shall not be unreasonably withheld, that he may have separate defenses or counterclaims to assert with respect to any issue which
may not be consistent with other defendants in such Proceeding, (ii) Indemnitee reasonably concludes, based upon an opinion of
counsel approved by the Company, which approval shall not be unreasonably withheld, that an actual or apparent conflict of interest
or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense
of such Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s
choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the Company.
In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company
or any other person takes any action to declare this Agreement void or unenforceable, or institutes any Proceeding to deny or
to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain
counsel of Indemnitee’s choice, subject to the prior approval of the Company, which shall not be unreasonably withheld,
at the expense of the Company (subject to Section 11(d)), to represent Indemnitee in connection with any such matter.

 

Section
13. Non-Exclusivity; Survival of Rights; Subrogation; Insurance.

 

(a)
The rights of indemnification and advance of Expenses as provided by this Agreement shall not be deemed exclusive of any other
rights to which Indemnitee may at any time be entitled under applicable law, the Articles of Incorporation of the Company (as
amended from time to time, the “Charter”) or the bylaws of the Company (as amended from time to time, the “Bylaws”),
any agreement or a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors,
or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right
of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior
to such amendment, alteration or repeal.

 

(b)
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

(c)
The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable
as expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy,
contract, agreement or otherwise.

  

    	 	5	 

     

    

 

Section
14. Insurance.

 

The
Company will use its reasonable best efforts to acquire directors and officers liability insurance, on terms and conditions deemed
appropriate by the Board of Directors of the Company, with the advice of counsel, covering Indemnitee or any claim made against
Indemnitee for service as a director or officer of the Company and covering the Company for any indemnification or advance of
Expenses made by the Company to Indemnitee for any claims made against Indemnitee for service as a director or officer of the
Company. Without in any way limiting any other obligation under this Agreement, the Company shall indemnify Indemnitee for any
payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of
all judgments, penalties, fines, settlements and reasonable Expenses incurred by Indemnitee in connection with a Proceeding over
the coverage of any insurance referred to in the previous sentence.

 

Section
15. Indemnification for Expenses of a Witness.

 

Notwithstanding
any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding,
whether instituted by the Company or any other party, and to which Indemnitee is not a party, he shall be advanced all reasonable
Expenses and indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

 

Section
16. Duration of Agreement; Binding Effect. 

 

(a)
This Agreement shall continue until and terminate ten years after the date that Indemnitee’s Corporate Status shall have
ceased; provided, that the rights of Indemnitee hereunder shall continue until the final termination of any Proceeding then pending
in respect of which Indemnitee is granted rights of indemnification or advance of Expenses hereunder and of any proceeding commenced
by Indemnitee pursuant to Section 11 of this Agreement relating thereto.

 

(b)
The indemnification and advance of Expenses provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable
by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger,
consolidation or otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee
who has ceased to be a director, trustee, officer, employee or agent of the Company or of any other corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the written request of
the Company, and shall inure to the benefit of Indemnitee and his spouse, assigns, heirs, devisees, executors and administrators
and other legal representatives.

 

(c)
The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and
substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform if no such succession had taken place.

 

Section
17. Severability.

 

If
any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:

 

(a)
the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion
of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself
invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and

 

(b)
to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal
or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 

Section
18. Exception to Right of Indemnification or Advance of Expenses.

 

Notwithstanding
any other provision of this Agreement, Indemnitee shall not be entitled to indemnification or advance of Expenses under this Agreement
with respect to any Proceeding brought by Indemnitee, unless (a) the Proceeding is brought to enforce indemnification under this
Agreement or otherwise or (b) the Company’s Bylaws, the Charter, a resolution of the stockholders entitled to vote generally
in the election of directors or of the Board of Directors or an agreement approved by the Board of Directors to which the Company
is a party expressly provide otherwise.

  

    	 	6	 

     

    

 

Section
19. Identical Counterparts. 

 

This
Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all
of which together shall constitute one and the same Agreement. One such counterpart signed by the party against whom enforceability
is sought shall be sufficient to evidence the existence of this Agreement. Electronic signatures or signatures contained in a
portable document format (PDF) of this Agreement shall be deemed an original signature.

 

Section
20. Headings.

 

The
headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.

 

Section
21. Modification and Waiver. 

 

No
supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.
No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

 

Section
22. Notices.

 

All
notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or
(ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:

 

(a)
If to Indemnitee, to: The address set forth on the signature page hereto.

 

(b)
If to the Company, to:

Sysorex,
Inc.

2355
Dulles Corner Boulevard, Suite 600

Herndon,
Virginia 20171

 

or
to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may
be.

 

Section
23. Governing Law.

 

The
parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of
Nevada applicable to contracts formed and to be performed entirely within the State of Nevada, without regard to its conflicts
of laws rules, to the extent such rules would require or permit the application of the laws of another jurisdiction.

 

Section
24. Miscellaneous.

 

Use
of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

[SIGNATURE
PAGE FOLLOWS]

  

    	 	7	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

  

	 	SYSOREX,
    INC.
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	INDEMNITEE
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	Address:	 

  

    	 	8	 

     

    

 

EXHIBIT
A

FORM
OF UNDERTAKING TO REPAY EXPENSES ADVANCED

 

To:
The Board of Directors of Sysorex, Inc.

 

Re:
Undertaking to Repay Expenses Advanced

 

Ladies
and Gentlemen:

 

This
undertaking is being provided pursuant to that certain Indemnification Agreement (the “Indemnification Agreement”)
dated ____ day of _______, 20__, by and between Sysorex, Inc. (the “Company”) and the undersigned Indemnitee
(“Indemnitee”), pursuant to which I am entitled to advance of expenses in connection with [Description of
Proceeding] (the “Proceeding”).Terms used herein and not otherwise defined shall have the meanings specified
in the Indemnification Agreement.

 

I
am subject to the Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me in such capacity.
I hereby affirm that at all times, insofar as I was involved as [a director/officer] of the Company, in any of the facts
or events giving rise to the Proceeding, I (1) acted in good faith and honestly, (2) did not receive any improper personal benefit
in money, property or services and (3) in the case of any criminal proceeding, had no reasonable cause to believe that any act
or omission by me was unlawful.

 

In
consideration of the advance of Expenses by the Company for reasonable attorneys’ fees and related expenses incurred by
me in connection with the Proceeding (the “Advanced Expenses”), I hereby agree that if, in connection with
the Proceeding, it is established that (1) an act or omission by me was material to the matter giving rise to the Proceeding and
(a) was committed in bad faith or (b) was the result of active and deliberate dishonesty or (2) I actually received an improper
personal benefit in money, property or services or (3) in the case of any criminal proceeding, I had reasonable cause to believe
that the act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses relating to the claims,
issues or matters in the Proceeding as to which the foregoing findings have been established and which have not been successfully
resolved as described in Section 7 of the Indemnification Agreement. To the extent that Advanced Expenses do not relate to a specific
claim, issue or matter in the Proceeding, I agree that such Expenses shall be allocated on a reasonable and proportionate basis.

 

IN
WITNESS WHEREOF, I have executed this Affirmation and Undertaking on this ___day of _____, 20___.

 

	 	INDEMNITEE
	 	 	 
	 	By: 	 
	 	Name:	 
	 	Title:	 

 

	WITNESS	 
	 	SEAL

  

    	 	9

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