Document:

Warrant No. 1 Issued on March 6, 2009 to David Vosbein

 Exhibit 10.22 
 NEITHER THIS WARRANT NOR THE COMMON STOCK WHICH MAY BE ACQUIRED UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES LAW AND MAY NOT
BE SOLD, OFFERED FOR SALE, TRANSFERRED, PLEDGED, HYPOTHECATED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT THERETO UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAW UNLESS EITHER (I) THE COMPANY
RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED IN CONNECTION WITH SUCH DISPOSITION OR (II) THE SALE OF SUCH SECURITIES IS MADE PURSUANT TO RULE 144 UNDER THE SECURITIES ACT. THE TERMS OF THIS
WARRANT CONTAIN ADDITIONAL PROVISIONS RESTRICTING THE TRANSFER OF THIS WARRANT. 
 Warrant No. 001 
 WARRANT FOR THE PURCHASE 
 OF 

 SHARES OF COMMON STOCK 
 OF 
 GEOSPATIAL HOLDINGS, INC. 
 This certifies that, for value received, subject to the terms and conditions herein set forth, David Vosbein (the “Holder”), is entitled to purchase at any time during the Exercise Period (as defined
below) at the Exercise Price (as defined below) a total of 2,000,000 shares of common stock, par value $.001 per share (the “Common Stock”), of Geospatial Holdings, Inc., a Nevada corporation (the “Company”). The
shares of Common Stock issuable upon exercise of this Warrant are referred to herein as the “Warrant Shares.” This Warrant is issued pursuant to that certain Employment Agreement, dated as of March 6, 2009, by and among the
Company and the Holder (the “Employment Agreement”). Capitalized terms not otherwise defined herein have the meanings given to such terms in the Employment Agreement. 
 1. Exercise of Warrant. 
 1.1 Exercise Period. The Holder may exercise, in whole only, the purchase rights represented by this Warrant at any time and from time to time during the period (the “Exercise Period”) beginning on
March 6, 2009, and ending at the close of business on March 6, 2019 (the “Expiration Date”), subject to the vesting provisions contained in the Employment Agreement. 
 1.2 Exercise Price. The Holder may exercise its purchase rights under this Warrant at a price per share of Common Stock (the
“Exercise Price”) equal to $1.23. 
 1.3 Exercise Procedure. 
 (a) This Warrant shall be deemed to have been exercised when the Company shall have received all of the following from the person or entity
exercising all or part 

 
of the purchase rights represented by this Warrant (the “Warrant Purchaser”): (i) this Warrant and (ii) freely transferable and
immediately available lawful money of the United States of America in an amount equal to the product of the Exercise Price multiplied by the number of Warrant Shares being purchased upon such exercise (the “Aggregate Exercise
Price”). 
 (b) Certificates for the Warrant Shares purchased upon exercise of this Warrant shall be delivered by the
Company to the Warrant Purchaser promptly after the exercise hereof. 
 (c) The Warrant Shares issuable upon the exercise of this
Warrant shall be deemed to have been issued to the Warrant Purchaser and the Warrant Purchaser shall be deemed for all purposes to have become the record holder of such Warrant Shares at the close of business on the date of exercise hereof.

 (d) The issuance of certificates for the Warrant Shares upon exercise of this Warrant shall be made without charge for any
issuance tax in respect thereof or other cost incurred by the Company in connection with such exercise and the related issuance of Warrant Shares. 
 (e) The Company shall not close its books against the transfer of this Warrant or of any Warrant Shares issued or issuable upon the exercise of this Warrant in any manner which shall interfere with the timely exercise of this
Warrant. 
 (f) The Warrant may not be exercised unless any required governmental approvals shall have been obtained and any
applicable waiting periods shall have expired. The Company shall assist and cooperate with the Holder in making any governmental filings or obtaining any governmental approvals prior to or in connection with any exercise of this Warrant. 

2. No Rights as Stockholder. This Warrant shall not entitle the Holder to any voting rights or other rights as a stockholder of the
Company other than such rights that the Holder may have by virtue of its ownership or acquisition of Common Stock. 
 3. Transfer of
Warrant. Neither this Warrant nor the Warrant Shares have been registered under the Securities Act or under the securities laws of any state. This Warrant may not be assigned or negotiated without the express written consent of the Company.
Neither this Warrant nor the Warrant Shares may be sold, transferred or pledged in the absence of (i) an effective registration statement for this Warrant, or the Warrant Shares, as the case may be, under the Securities Act, and such
registration or qualification as may be necessary under the securities laws of any state, or (ii) an opinion of counsel in form and substance reasonably satisfactory to the Company that such registration or qualification is not required.

 (a) The Company may cause the certificate or certificates evidencing all or any of the shares issued upon exercise of this Warrant
to bear the following legend: 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
OR 

  

 -2- 

 
ANY OTHER APPLICABLE FEDERAL OR STATE SECURITIES LAWS, AND THUS MAY NOT BE TRANSFERRED UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933 AND SUCH OTHER LAWS
OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE.” 
 (b) Notwithstanding the provisions set forth above, no such
registration statement or opinion of counsel shall be required for any transfer of any Warrant Shares in compliance with Rule 144 or Rule 144A. 
 4. Warrant Exchangeable for Different Denominations. This Warrant shall be exchangeable, upon the surrender hereof by the Holder at the principal office of the Company, for new Warrants of like tenor representing in the
aggregate the purchase rights represented hereunder, and each of such new Warrants shall represent such portion of such rights as shall be designated by the Holder at the time of such surrender. The date on which the Company initially issues this
Warrant shall be deemed the date of issuance hereof regardless of the number of times new certificates representing the unexpired and unexercised rights formerly represented by this Warrant shall be issued. 
 5. Replacement. Upon receipt of evidence reasonably satisfactory to the Company of the ownership and the loss, theft, destruction or
mutilation of any certificate evidencing this Warrant, and in the case of any such loss, theft or destruction, upon receipt of indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon surrender of such
certificate, the Company shall, at its expense, execute and deliver in lieu of such certificate a new certificate of like kind representing the same rights represented by such lost, stolen, destroyed or mutilated certificate and dated the date of
such lost, stolen, destroyed or mutilated certificate. 
 6. Representations, Warranties and Covenants as to Warrant Shares.
The Company shall at all times have authorized and reserved a sufficient number of shares of Common Stock to provide for the exercise of this Warrant. The Company shall not take any action which shall cause the number of authorized but unissued
shares of Common Stock to be less than the number of such shares required to be reserved hereunder for issuance upon the exercise of this Warrant. If any shares of Common Stock reserved for the purpose of issuance upon the exercise of this Warrant
shall require registration with or approval of any governmental authority under any Federal or state law before such shares may be validly issued or delivered upon exercise, then the Company shall in good faith and as expeditiously as possible
endeavor to secure such registration or approval, as the case may be. 
 7. Notice. All notices required or permitted hereunder
shall be in writing and shall be given in the manner and to the addresses set forth in the Purchase Agreement. 
 8. Amendment.
This Warrant shall not be amended except by an instrument in writing signed by the Company and the Holder. 
 9. Titles and
Subtitles. The titles and subtitles used in this Warrant are used for reference only and are not to be considered in construing or interpreting this Warrant. 
  

 -3- 

 10. Governing Law. This Warrant shall be governed by and construed in accordance with the
laws of the State of Delaware. 
 11. Consent to Jurisdiction; Waiver of Jury Trial. The parties hereto irrevocably consent to
the exclusive jurisdiction of the Federal and state courts, located in Wilmington, Delaware in any suit or proceeding based on or arising under this Warrant and irrevocably agree that all claims in respect of such suit or proceeding shall be
determined in such courts. The parties hereto irrevocably waive the defense of an inconvenient forum to the maintenance of such suit or proceeding. The parties hereto hereby waive any and all rights to trial by jury in any action or proceeding to
enforce or defend any rights under this Warrant. 
 12. Facsimiles. This Warrant and transactions contemplated hereby may be
closed by the delivery of facsimile copies of the signature set forth on the next page. 
 [Remainder of Page Intentionally Left Blank]

  

 -4- 

			
	THIS WARRANT NO. 001 IS ISSUED this 6th day
of March, 2009.
	
	GEOSPATIAL HOLDINGS, INC.
		
	By:	 	  

		 	Mark A. Smith, Chief Executive Officer

  

 -5- 

 NAME AND ADDRESS OF HOLDER 
 David Vosbein 
 503 Fairpoint Drive 
 Gulf Breeze, FL 32561 
  

 -6-Form of Indemnification Agreement

 Exhibit 10.2 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (“Agreement”) is
made as of this [—] day of [—], 2008, between ModusLink Global Solutions, Inc., a Delaware corporation (together with its subsidiaries, the “Company”), and
[—] (the “Indemnitee”). 
 WITNESSETH THAT: 
 WHEREAS, it is essential to the Company to attract and retain as Directors and executive Officers the most capable people available; and 
 WHEREAS, the Indemnitee is a director or officer of the Company or serves as a director, officer, trustee, partner, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise or non-profit entity at the express written request of the Company (each a “Director” or “Officer”, as applicable) and in such capacities provides
valuable services to the Company; and 
 WHEREAS, both the Company and the Indemnitee recognize that the Indemnitee, while serving as a
Director or Officer of the Company is exposed to a substantial risk of expensive litigation at a time when liability insurance may not continue to be available to insure adequately against such risk, and at a time when the Company and the Indemnitee
recognize that the Indemnitee is not being paid sufficient compensation by the Company to compensate for such risk; and 
 WHEREAS, it is now
and has always been the express policy of the Company to indemnify its Directors and Officers; and 
 WHEREAS, the Restated Certificate of
Incorporation (as amended from time to time, the “Certificate”) and Second Amended and Restated By-Laws (as amended from time to time, the “By-Laws”) adopted by the Company provide for the indemnification of
Officers and Directors of the Company as authorized by Section 145 of the Delaware General Corporation Law; and 
 WHEREAS, such
Articles and By-Laws and the Delaware General Corporation Law specifically provide that they are not exclusive, and thereby contemplate that individual indemnification agreements may be entered into between the Company and its Directors and
Officers; and 
 WHEREAS, in accordance with the authorization provided by law, the Company intends to purchase and maintain a policy or
policies of Directors and Officers Liability Insurance (“D&O Insurance”), providing certain basic protection against risk of personal liability of Directors and Officers at a reasonable cost, and Indemnitee has relied on the
availability of such coverage, but such coverage may become increasingly difficult to obtain on terms providing reasonable protection at a reasonable cost for all risks; and 
 WHEREAS, to induce Indemnitee to continue to serve as a Director or Officer of the Company and to provide Indemnitee with specific contractual assurance
of substantial protection 

 
against personal liability (regardless of, among other things, any amendment to or revocation of any provision of the Company’s Certificate or By-Laws
concerning indemnification or any change in the composition of the Company’s Board of Directors or any acquisition of the Company), the Company desires to enter into this Agreement; 
 WHEREAS, in order to induce Indemnitee to remain in Indemnitee’s present position as a Director or Officer of the Company and in consideration of
Indemnitee’s so remaining, the Company desires to indemnify Indemnitee according to the terms and conditions set forth below; and 
 NOW, THEREFORE, in consideration of the foregoing premises and of the Indemnitee’s continuing to serve the Company, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto, for
themselves, their successors and assigns, hereby agree as follows: 
 1. Agreement to Serve. Indemnitee agrees to serve or to
continue to serve as a Director or Officer of the Company for so long as he is duly elected or until such time as he tenders his resignation in writing or his status as a Director or Officer is terminated. This Agreement shall not be deemed an
employment contract between the Company (or any of its subsidiaries) and Officer Indemnitee. Each Officer Indemnitee specifically acknowledges that Indemnitee’s employment with the Company (or any of its subsidiaries), if any, is at will, and
the Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries), other applicable formal
severance policies duly adopted by the Board, or, with respect to services as an Officer of the Company, by the Company’s Certificate, the Company’s By-laws, and the General Corporation Law of the State of Delaware. The foregoing
notwithstanding, the Agreement shall continue in force after Indemnitee has ceased to serve as a Director or Officer of the Company. 
 2.
Definitions. For purposes of this Agreement, the following terms shall have the meanings set forth below: 
 (a) “Change
in Control” shall be deemed to have occurred when (i) there has been a change in control of the Company, not approved by a resolution of the Company’s Board of Directors, of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including in any event the acquisition by any “person” (as such term is used in
Sections 13(d)(3) and 14(d)(2) of the Exchange Act) of beneficial ownership, directly or indirectly, of securities of the Company representing 25% or more of the combined voting power of the Company’s then outstanding securities,
(ii) followed within a period of not more than two years by a change in the identity of a majority of the members of the Company’s Board of Directors otherwise than through death, disability or retirement in accordance with the
Company’s retirement policies. 
 (b) The term “Claim” shall include any threatened, pending or completed action, suit or
proceeding, or any inquiry or investigation, whether brought by or in the right of the Company or by any other party and whether of a civil, criminal, administrative or 

  

 2 

 
investigative nature, including any inquiry or investigation which the Indemnitee in good faith believes might lead to the institution of any action, suit or
proceeding, in which Indemnitee may be or may have been involved as a party, witness or otherwise, by reason of the fact that Indemnitee is or was a Director or Officer of the Company, by reason of any action taken by him or of any inaction on his
part while acting as such a Director or Officer, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise; in each case whether or not he is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification or reimbursement can be provided under this Agreement. 
 (c) The term “Expenses” shall include, without limitation, expenses of investigations, judicial or administrative proceedings or appeals,
amounts paid in settlement of any Claim by or on behalf of Indemnitee, attorneys fees and disbursements, any expenses of establishing a right to indemnification or Expense Advances under Sections 9 and 10 of this Agreement, and all
other costs, expenses and obligations paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness in or participant in, any Claim, but shall not
include the amount of judgments, fines or penalties against Indemnitee. 
 (d) References to “other enterprise” shall include
employee benefit plans; references to “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director,
officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants or beneficiaries. 
 (e) “Potential Change in Control” shall be deemed to have occurred if (i) any person publicly announces an intention to take or to
consider taking such actions which if consummated might result in a Change in Control, (ii) any “person” (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) acquires beneficial ownership, directly or
indirectly, of securities of the Company representing 25% or more of the combined voting power of the Company’s then outstanding securities, or (iii) the Company’s Board of Directors in its sole discretion adopts a resolution to the
effect that, for purposes of this Agreement, a Potential Change in Control has occurred. 
 3. Basic Indemnification. The
Company hereby agrees to hold harmless and indemnify Indemnitee and Indemnitee’s successors referred to in Section 18 hereof to the fullest extent authorized or permitted by the General Corporation Law of the State of Delaware, or
any other applicable law, or by any amendment thereof or other statutory provision authorizing or permitting such indemnification which is adopted after the date hereof. 
 4. Indemnity in Third-Party Claims. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 4 if Indemnitee is a party or witness to, or threatened to be made
a party or witness to, or otherwise involved in any Claim (other than a Claim by or in the right of the Company to procure a judgment in its favor) by reason of the fact that Indemnitee is or was a Director or Officer of the Company, or is or was
serving at the request of the Company as a director, officer, employee or agent of another corporation, 

  

 3 

 
partnership, joint venture, trust or other enterprise, against all Expenses, judgments, fines and penalties, actually incurred by Indemnitee in connection
with such Claim; provided that such indemnification shall not apply to any Claim (i) in which Indemnitee shall have been finally adjudged to have engaged in willful misconduct or to have acted in a manner which was knowingly fraudulent or
deliberately dishonest, or (ii) in the case of a criminal proceeding, in which Indemnitee had reasonable cause to believe that his conduct was unlawful. The Indemnitee shall be presumed to be entitled to indemnification hereunder to the fullest
extent possible, and the burden of proving otherwise shall be on the party claiming to diminish such indemnification. The termination of any Claim by judgment, order of court, settlement, conviction or upon a plea of nolo contendre, or its
equivalent, shall not create a presumption that Indemnitee engaged in willful misconduct or acted in a manner which was knowingly fraudulent or deliberately dishonest, and with respect to any criminal proceedings, shall not create a presumption that
Indemnitee had reasonable cause to believe that his conduct was unlawful. 
 5. Indemnity in Claims by or in the Right of the
Company. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 5 if Indemnitee is a party or witness to, or threatened to be made a party or witness to, or otherwise involved in any Claim by or
in the right of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was a Director or Officer of the Company, or is or was serving at the request of the Company as a director, officer, employee, or agent of
another corporation, partnership, joint venture, trust or other enterprise, against all Expenses actually incurred by Indemnitee in connection with such Claim provided that such indemnification for Expenses shall not apply to any Claim in which
Indemnitee shall have been finally adjudged to have engaged in willful misconduct or to have acted in a manner which was knowingly fraudulent or deliberately dishonest, unless (and only to the extent that) any court in which such Claim was brought
shall determine upon application, that despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such Expenses as such court shall deem proper. The
Indemnitee shall be presumed to be entitled to indemnification hereunder to the fullest extent possible and the burden of proving otherwise shall be on the party claiming to diminish such indemnification. 
 6. Insurance. In the event the Company’s D&O Insurance shall terminate or the scope or amount of coverage of the Company’s
D&O Insurance shall be reduced from the scope and coverage in effect during the first year of this Agreement, the Company agrees to hold harmless and indemnify the Indemnitee to the fullest extent permitted by applicable law to the full extent
of the coverage which is in effect during the first year of this Agreement. Notwithstanding the foregoing, the Company is not obligated to maintain any D&O Insurance. 
 7. Section 16(b) Liability. The Company shall not be liable under this Agreement to make any payment in connection with any claim made against Indemnitee for an accounting of profits made from the
purchase or sale by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any state statutory law or common law. 
 8. Indemnification of Expenses of Successful Party. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
has been successful on the merits or otherwise, including the dismissal of an action without prejudice or the settlement of an action 

  

 4 

 
without admission of liability, in defense of any Claim or in defense of any claim, issue or matter therein, Indemnitee shall be indemnified against all
Expenses incurred in connection therewith without the necessity of authorization in the specific case. 
 9. Advancement of
Expenses. Expenses incurred by the Indemnitee in connection with any Claim or in connection with any proceeding brought by Indemnitee under Section 10 or 13 hereof, must be paid by the Company in advance (“Expense
Advances”) immediately upon the written request of the Indemnitee provided Indemnitee shall undertake to repay such Expense Advances to the extent that it is ultimately determined that Indemnitee is not entitled to indemnification.

 10. Right of Indemnification Upon Application; Procedure Upon Application. Any payment hereunder with respect to any
judgment, fine or penalty shall be made no later than 45 days after receipt by the Company of the written request of Indemnitee, unless a determination has been made by a court of competent jurisdiction, or unless a determination is made within said
45-day period by independent legal counsel (appointed by the Company and approved by the Indemnitee) in a written opinion that the Indemnitee has not met the relevant standards for indemnification. All payments of Expense Advances must be made
immediately in accordance with the terms and conditions of Section 9 except as provided in this Section 10. 
 The
right to indemnification and the immediate right to Expense Advances pending final determination of the right to indemnification or lack thereof, as provided by this Agreement shall be enforceable by the Indemnitee in any court of competent
jurisdiction. The burden of proving that indemnification is not appropriate as provided in this Agreement or otherwise shall be on the party claiming to diminish such indemnification. The failure of the Company (including its Board of Directors or
independent legal counsel) to have made a determination prior to the commencement of such action that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, shall not be a defense to the action
or create a presumption that Indemnitee has not met the applicable standard of conduct. Indemnitee’s expenses reasonably incurred in connection with successfully establishing his right to indemnification, in whole or in part, with respect to
any such Claim shall also be paid by the Company under this Agreement immediately upon written request in advance in accordance with the terms and conditions of Section 9. 
 In the event of any demand by the Indemnitee for the indemnification with respect to any judgment, fine or penalty hereunder or under the Company’s
By-Laws, the Board of Directors of the Company shall either approve the indemnification or shall designate independent legal counsel referred to above. The obligations of the Company hereunder with respect to the payment of any judgment, fine or
penalty shall be subject to the condition that the independent legal counsel shall not have determined (in a written opinion) that the Indemnitee is not permitted to be indemnified under applicable law. The obligation of the Company to make Expense
Advances pursuant to this Agreement shall be subject to the condition that, if, when and to the extent that the independent legal counsel determines that the Indemnitee is not permitted to be so indemnified under applicable law, the Company shall be
entitled to be reimbursed by the Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid. If the Indemnitee has commenced legal proceedings (either before or after the determination by independent legal counsel)
in a court of competent jurisdiction to secure a 

  

 5 

 
determination that the Indemnitee may be indemnified under this Agreement or otherwise, any determination made by the independent legal counsel that the
Indemnitee is not permitted to be indemnified under applicable law shall not be binding, and the Indemnitee shall not be required to reimburse the Company for any Expense Advances and shall continue to be entitled to Expense Advances until a final
judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). If there has been no determination by the independent legal counsel or if the independent legal counsel determines that
the Indemnitee is not permitted to be indemnified in whole or in part under applicable law, the Indemnitee shall have the right to commence litigation in any court in the states of Massachusetts or Delaware having subject matter jurisdiction thereof
and in which venue is proper seeking an initial determination by the court or challenging any such determination by the independent legal counsel or any aspect thereof, and the Company hereby consents to service of process and to appear in any such
proceeding. 
 11. Change in Control. The Company agrees that if there is a Change in Control of the Company, then with respect
to all matters thereafter arising concerning the rights of the Indemnitee to indemnify payments and Expense Advances under this Agreement or any other agreement or Company By-Law now or hereafter in effect relating to the Claims, the Company shall
seek legal advice only from independent counsel selected by the Indemnitee and approved by the Company (which approval shall not be unreasonably withheld) who has not otherwise performed services for the Company within the last ten years (other than
in connection with such matters) or for the Indemnitee. Such counsel, among other things, shall render its written opinion to the Company and the Indemnitee as to whether and to what extent the Indemnitee is permitted to be indemnified under
applicable law. The Company agrees to pay the reasonable fees of such independent counsel and to indemnify such counsel against any and all expenses (including attorneys, fees), claims, liabilities and damages relating to this Agreement or its
engagement pursuant hereto. 
 12. Establishment of Trust. In the event of a Potential Change in Control, the Company may
create a Trust for the benefit of the Indemnitee (either alone or together with one or more other indemnities) and from time to time fund such Trust in such amounts as the Company’s Board of Directors may determine to satisfy Expenses
reasonably anticipated to be incurred in connection with investigating, preparing for and defending any Claim, and all judgments, fines, penalties and settlement amounts of all Claims from time to time paid or claimed, reasonably anticipated or
proposed to be paid. The term of any Trust established pursuant hereto shall provide that upon a Change in Control (i) the Trust shall not be revoked or the principal thereof invaded, without the written consent of the Indemnitee, (ii) the
Trustee shall advance, within two business days of a request by the Indemnitee, all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the Trust under the circumstances under which the Indemnitee would be required to reimburse
the Company under this Agreement), (iii) the Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (iv) all unexpended funds in
such Trust shall revert to the Company upon a final determination by the independent legal counsel of a court of competent jurisdiction, as the case may be, that the Indemnitee has been fully indemnified under the terms of this Agreement. The
Trustee shall be a person or entity satisfactory to the Indemnitee. Nothing in this Section 12 shall relieve the Company of any of its obligations under this Agreement. 
  

 6 

 13. Indemnification for Additional Expenses. The Company shall indemnify the Indemnitee
against all expenses (including attorneys fees) and, if requested by the Indemnitee, shall immediately advance such expenses to the Indemnitee, which are incurred by the Indemnitee in connection with any claim asserted or action brought by the
Indemnitee for (i) indemnification or payment of Expense Advances by the Company under this Agreement or any other agreement or Company By-Law now or hereafter in effect relating to Claims, or (ii) recovery under any D&O Insurance
policies maintained by the Company, provided the Indemnitee undertakes to repay such expenses to the extent that it is ultimately determined that Indemnitee is not entitled to such indemnification, Expense Advances, or insurance recovery, as the
case may be. 
 14. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification
by the Company for some or a portion of the Expenses, judgments, fines or penalties actually and reasonably incurred by him in the investigation, defense, appeal or settlement of any Claim but not, however, for the total amount thereof, the Company
shall nevertheless indemnify Indemnitee for the portion of such Expenses, judgments, fines or penalties to which Indemnitee is entitled. 
 15. Agreement Not Exclusive: Subrogation Rights, etc. This Agreement shall not be deemed exclusive of and shall not diminish any other rights Indemnitee may have to be indemnified or insured by the Company, any
subsidiary of the Company or any other person or entity under any certificate of incorporation, by-law, agreement, policy of insurance, surety, vote of stockholders or disinterested directors or otherwise, whether or not now in effect, and shall
continue as to Indemnitee after Indemnitee has ceased to be a Director or an Officer and shall inure to the benefit of Indemnitee’s successors referred to in Section 18 hereof. 
 In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute all such papers and do all such things as may be necessary or desirable to secure such rights. The Company shall not be liable under this Agreement to make any payment in connection with any claim made against the
Indemnitee to the extent the Indemnitee has otherwise received payment (under any insurance policy, By-law or otherwise) of the amounts otherwise indemnifiable hereunder. 
 16. Additional Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any claim made against
Officer Indemnitee in connection with any proceeding (or any part of any proceeding) initiated by an Officer Indemnitee, including any proceeding (or any part of any proceeding) initiated against the Company or its directors, officers, employees or
other indemnitees, unless (i) the Board of Directors of the Company authorized the proceeding (or any part of any proceeding) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the
powers vested in the Company under applicable law. 
 17. Continuation of Indemnity. All agreements and obligations of
the Company contained herein shall continue during the period Indemnitee is a director, officer, employee or agent of the Company (or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise) 

  

 7 

 
and shall continue thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding,
whether civil, criminal or investigative, by reason of the fact that Indemnitee was a Director or Officer of the Company or serving in any other capacity referred to herein. 
 18. Successor; Binding Agreement. The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the Company, by agreement in form and substance reasonably 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. 
 This Agreement shall
inure to the benefit of and be enforceable by Indemnitee’s personal or legal representatives, executors, administrators, successors, heirs, devisee and legatees. If Indemnitee should die while any amounts would still be payable to Indemnitee
hereunder if Indemnitee had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Indemnitee’s devisee, legatees, or other designees, or if there be no such
devisee, legatees or designees, to Indemnitee’s estate. 
 19. Notification and Defense of Claim. Promptly after
receipt of Indemnitee of notice of the commencement of any Claim, Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof, but the omission so to notify
the Company will not relieve it from any liability which it may have to Indemnitee hereunder. With respect to any such Claim as to which Indemnitee notifies the Company of the commencement thereof. 
  

	 	(a)	The Company will be entitled to participate therein at its own expense; and 

  

	 	(b)	 Except as otherwise provided below, to the extent that it may wish, the Company jointly with any other indemnifying party similarly notified will be entitled to
assume the defense thereof, with counsel satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election so to assume the defense thereof, the Company will not be liable to Indemnitee under this Agreement for any legal or
other expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its own counsel with respect to such
Claim, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof with counsel satisfactory to Indemnitee shall be at the expense of Indemnitee unless (i) the employment of counsel
by Indemnitee has been authorized by the Company (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such Claim, or (iii) the Company
shall not in fact have employed counsel to assume the defense of such Claim, in each of which cases the fees and expenses of 

  

 8 

	 	 
counsel for the Indemnitee shall be paid immediately by the Company. The Company shall not be entitled to assume the defense of any Claim brought by or on
behalf of the Company or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and 

  

	 	(c)	The Company shall not be liable to indemnify the Indemnitee under his Agreement for any amounts paid in settlement of any Claim effected without its written consent. The Company
shall not settle any Claim in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Neither the Company nor Indemnitee will unreasonably withhold their consent to any proposed settlement.

 20. Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on the Company hereby in order to induce Indemnitee to continue as a Director or Officer of the Company, and acknowledges that Indemnitee is relying upon this Agreement in continuing in such capacity. 
 21. Separability. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others, so
that if any provision hereof shall be held to be invalid or unenforceable for any reason; such invalidity or unenforceability shall not affect the validity or enforceability of the provisions hereof, which other provisions shall remain in full force
and effect. 
 22. Miscellaneous. No provisions of this Agreement may be modified, waived or discharged unless such
waiver, modification or discharge is agreed to in writing signed by Indemnitee and either the Company’s Chief Executive Officer or another officer of the Company specifically designated by the Board of Directors. No waiver by either party
hereto at any time of any breach by the other party hereto of, or of compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the
same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. The
validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Delaware, without giving effect to the principals of conflicts of laws thereof. 
 23. Notices. For the purposes of this Agreement, notices and all other communications provided for in the Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid as follows: 
 If to Indemnitee: 
 at the last address on file with the Company 
  

 9 

 If to the Company: 
 ModusLink Global Solutions, Inc. 
 1100 Winter Street 
 Suite 4600 
 Waltham, MA 02451 
 Attn: General Counsel 
 or to such other address as either
party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
 24. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same
instrument. 
 25. Effectiveness. This Agreement shall be effective as of the date it is executed. 
 * * * * * 
  

 10 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the day and year
first above written. 
  

	
	MODUSLINK GLOBAL SOLUTIONS, INC.
	
	  

	Name:
	Title:
	
	  

	[—]

 [Signature Page to Indemnification Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]