Document:

Exhibit
10.36

 

 

 

CONSULTING
SERVICES ORDERING AGREEMENT 

Amendment
No. 03

Effective:
16 March 2016

 

 

 

	Sysorex
    Global (f/k/a Sysorex Global Holdings Corp.)	A.
    Salam Qureishi
	2479
        East Bayshore Road

        Suite
        195

        Palo
        Alto, California 94303
	2479
        East Bayshore Road

        Suite
        195

        Palo
        Alto, California 94303

 

Purpose
of Amendment

 

The
purpose of this amendment is to extend ordering period in the Consulting Services Ordering Agreement for an additional nine (9)
months, modify the ordering period, compensation and company business name. 

 

Accordingly,
this amendment changes the Specific Terms and Conditions and business addresses as follows:

 

		1.	Ordering
                                         period shall be amended by deleting and replacing “2. Ordering” section in
                                         its entirety and replaced with the following: 

 

2.
Ordering. Consulting Services to be furnished pursuant to this Consulting Services Ordering Agreement shall be provided
April 1, 2013 through December 31, 2016 (the “Termination Date”) unless this Agreement terminates earlier
according to its terms.

 

		2.	Compensation
                                         shall be amended by deleting and replacing “4. Compensation and Expenses”
                                         section in its entirety and replaced with the following:

 

4.
Compensation and Expenses.

Consultant
shall perform Consulting Services for Company as specified and Company agrees to pay Consultant $20,000 per month. Upon receipt
of an invoice Company shall pay Consultant 30 days from the receipt date of such invoice. Travel expenses, if pre-approved, will
be reimbursed according to the JTR (Joint Travel Regulations). 

		3.	Company
                                         name is changed from “Sysorex Global Holdings Corp” to “Sysorex Global”.

 

		4.	All
                                         other Terms and Conditions of Consulting Services Ordering dated April 1, 2013 and any
                                         attachments thereto in effect on the date of this amendment, which are not specifically
                                         changed by this amendment, remain the same and in full force and effect.

 

     

     

    

 

IN
WITNESS WHEREOF, the undersigned duly authorized representatives have executed this amendment.

 

	Sysorex Global	 	Consultant
	 	 	 	 	 
	By	/s/ Nadir Ali	 	By	/s/
A. Salam Qureishi
	Name	Nadir Ali	 	Name 	A. Salam Qureishi
	Title	CEO	 	Date	March 25, 2016
	Date 	March 25, 2016Exhibit
10.37

 

 

 

March 25, 2016

 

	SYSOREX
        USA

        2479
        E Bayshore Road, Suite 195

        Palo
Alto, CA 94303
	SYSOREX
        GOVERNMENT SERVICES, INC.

        2479
        E Bayshore Road, Suite 195

        Palo
Alto, CA 94303

	 	 
	 	SYSOREX
        GLOBAL

        2479
        E Bayshore Road, Suite 195

        Palo
Alto, CA 94303

	Re:	Amendment
                                         and Waiver of Non-Compliance Under Business Financing Agreement

 

Dear
Nadir and Wendy:

 

WESTERN
ALLIANCE BANK, an Arizona corporation, as successor in interest to BRIDGE BANK, NATIONAL ASSOCIATION (“Lender”),
on the one hand, and SYSOREX USA formerly known as Lilien Systems, a California corporation (“Lilien”), SYSOREX
GOVERNMENT SERVICES, INC., a Virginia corporation (“SGSI”), SYSOREX FEDERAL, INC., a Delaware corporation (“SFI”),
SYSOREX GLOBAL formerly known as Sysorex Global Holdings Corp., a Nevada corporation (“Parent”), SHOOM, INC.,
a California corporation (“Shoom”), and AIRPATROL CORPORATION, a Nevada corporation (“Air Patrol”)
(Lilien, SGSI, SFI, Parent, Shoom, and Air Patrol are sometimes collectively referred to herein as “Borrowers”
and each individually as a “Borrower”), previously entered into that certain Business Financing Agreement,
dated as of March 15, 2013, as amended by that certain Amendment Number One to Business Financing Agreement, Waiver of Defaults
and Consent, dated as of August 29, 2013, that certain Amendment Number Two to Business Financing Agreement, Waiver and Consent,
dated as of May 13, 2014 to be effective as of April 16, 2014, that certain Amendment Number Three to Business Financing Agreement
and Waiver of Defaults, dated as of December 31, 2014, that certain Amendment Number Four to Business Financing Agreement dated
as of April 29, 2015, and that certain Amendment Number Five to Business Financing Agreement dated as of October 7, 2015 (as so
amended, the “Agreement”). All capitalized terms used but not defined in this letter have the meanings given
to such terms in the Agreement.

 

Airpatrol
and Shoom have each merged with and into Sysorex USA (fka Lilien Systems) and Sysorex USA is the surviving corporation. SFI has
dissolved.

 

Subject
to the terms and conditions set forth herein, Lender hereby waives any non-compliance by the Borrowers with the provisions of
the Agreement as described on Schedule A as an Event of Default effective as of the date of such non-compliance. In addition,
Lender and Borrowers agree as follows, which agreement shall be evidenced by Borrowers’ signatures below:

 

		1.	Section
                                         4.12(b) of the Agreement is hereby amended in its entirety as follows:

 

		(b)	Adjusted
                                         EBITDA for the six fiscal month period ending March 31, 2016 shall not be less than <$2,200,000>

 

 

     

     

    

 

Sysorex
USA, et al.

March 25, 2016

Page 2

 

		2.	on
                                         or before April 30, 2016 Borrowers and Lender must agree upon new financial covenants
                                         for Section 4.12(b) of the Agreement for the fiscal quarters ending June 30, 2016, September
                                         30, 2016, and December 31, 2016.

 

Lender’s
waiver of non-compliance as an Event of Default is subject to the terms of this letter shall be effective only in this specific
instance and for the specific purpose for which it is given, and this waiver shall not entitle Borrowers to any other or further
agreement, consent or waiver in any similar or other circumstances.

 

Each
Borrower hereby absolutely and unconditionally releases and forever discharges Lender, and any and all participants, parent corporations,
subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of
the present and former directors, officers, agents and employees of any of the foregoing, from any and all claims, demands or
causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state
or federal law or otherwise, which such Borrower has had, now has or has made claim to have against any such person for or by
reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of
this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. Each Borrower
certifies that it has read the following provisions of California Civil Code Section 1542:

 

A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time
of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

 

Each
Borrower understands and acknowledges that the significance and consequence of this waiver of California Civil Code Section 1542
is that even if it should eventually suffer additional damages arising out of the facts referred to above, it will not be able
to make any claim for those damages. Furthermore, each Borrower acknowledges that it intends these consequences even as to claims
for damages that may exist as of the date of this release but which it does not know exist, and which, if known, would materially
affect its decision to execute this Agreement, regardless of whether its lack of knowledge is the result of ignorance, oversight,
error, negligence, or any other cause.

 

The
Agreement remains in full force and effect in accordance with its original terms as amended from time to time. Except as specifically
described herein, nothing in this letter, any other correspondence, any oral communications between Lender and Borrowers, or the
making of any Advances or issuance of any Letters of Credit should be construed to be a waiver, modification or release of any
breach, Default or Event of Default, whether now existing or hereafter arising, or any of Lender’s rights and remedies under
the Agreement, any other agreement, instrument or document between Lender and Borrowers, or by Borrowers in favor of Lender, or
under applicable law. Lender’s agreement does not constitute a course of dealing or a course of conduct.

 

[remainder
of this page intentionally left blank]

 

     

     

    

 

Please
indicate your consent to the foregoing by executing and returning a counterpart of this letter to the undersigned.

 

	 	 	 	WESTERN
    ALLIANCE BANK
	 	 	 	By	/s/
    David Feiock
	 	 	 	Name:  	David
    Feiock
	 	 	 	Title:  	Vice
    President
	 	 	 	 	 
	ACCEPTED AND AGREED BY BORROWERS:	 	 	 
	 	 	 	 	 
	SYSOREX USA	 	 	 
	formerly known as Lilien Systems,	 	 	 
	a California corporation	 	 	 
	 	 	 	 	 
	By:	/s/
    Nadir Ali	 	 	 
	Name:	Nadir
    Ali	 	 	 
	Title:	Chairman	 	 	 
	 	 	 	 	 
	SYSOREX
    GOVERNMENT SERVICES, INC.,	 	 	 
	a
    Virginia corporation	 	 	 
	 	 	 	 
	By:	/s/
    Wendy Loundermon	 	 	 
	Name:	Wendy
    Loundermon	 	 	 
	Title:	President
    and Chief Financial Officer	 	 	 
	 	 	 	 
	SYSOREX
    GLOBAL	 	 	 
	formerly
    known as Sysorex Global Holdings Corp.,	 	 	 
	a
    Nevada corporation	 	 	 
	 	 	 	 
	By:
    	/s/
    Nadir Ali	 	 	 
	Name:	Nadir
    Ali	 	 	 
	Title:	President	 	 	 

 

     

     

    

 

Schedule
A1

 

	Section / Covenant	 	Required	 	Actual
  

	Section 4.12(b) – Minimum Adjusted EBITDA	 	<$1,000,000> for the six fiscal month period ended December 31, 2015	 	<$1,561,305> for the six fiscal month period ended December 31, 2015

 

1 Numbers appearing between
“<>” are negative.

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