Document:

Exhibit 10.36

 

STG Group,
INC (FORMERLY GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.)

 

2015
Omnibus INCENTIVE PLAN

 

STOCK
OPTION AWARD AGREEMENT

 

1.           Grant of Option. STG Group,
Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee (the “Grantee”)
named in the Notice of Stock Option Award (the “Notice”), an option (the “Option”) to purchase the Total
Number of Shares of Common Stock subject to the Option (the “Shares”) set forth in the Notice, at the Exercise Price
per Share set forth in the Notice (the “Exercise Price”) subject to the terms and provisions of the Notice, this Stock
Option Award Agreement (the “Option Agreement”) and the Global Defense & National Security Systems, Inc. 2015 Omnibus
Incentive Plan, as amended from time to time (the “Plan”), which are incorporated herein by reference. Unless otherwise
defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement.

 

2.           Exercise of Option.

 

(a)           Right to Exercise. The Option
shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice and with the applicable provisions
of the Plan and this Option Agreement. The Option shall be subject to the provisions of Section 11 of the Plan relating
to the exercisability or termination of the Option in the event of a Corporate Transaction or Change in Control. The Grantee shall
be subject to reasonable limitations on the number of requested exercises during any monthly or weekly period as determined by
the Administrator. In no event shall the Company issue fractional Shares.

 

(b)           Method of Exercise. The Option
shall be exercisable by delivery of an exercise notice (a form of which is attached as Exhibit A) or by such other procedure as
specified from time to time by the Administrator which shall state the election to exercise the Option, the whole number of Shares
in respect of which the Option is being exercised, and such other provisions as may be required by the Administrator. The exercise
notice shall be delivered in person, by certified mail, or by such other method (including electronic transmission) as determined
from time to time by the Administrator to the Company accompanied by payment of the Exercise Price. The Option shall be deemed
to be exercised upon receipt by the Company of such notice accompanied by the Exercise Price.

 

(c)           Taxes. The Grantee shall be
responsible for payment of all taxes relating to the exercise of the Option and the receipt and disposition of related Shares;
provided, however, that if the Company determines that it is required to withhold any taxes in connection with the exercise of
the Option, the Grantee’s ability to exercise the Option shall be conditioned upon the Grantee making arrangements acceptable
to the Administrator for the satisfaction of such tax withholding obligations.

 

3.           Payment. Payment of the Exercise
Price shall be made only by a “net exercise” such that, without the payment of any funds, the Grantee may exercise
the Option and receive the net number of Shares equal to (i) the number of Shares as to which the Option is being exercised,
multiplied by (ii) a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined by
the Administrator) less the Exercise Price per Share, and the denominator of which is such Fair Market Value per Share (the number
of net Shares to be received shall be rounded down to the nearest whole number of Shares).

 

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4.           Restrictions on Exercise. The
Option may not be exercised (i) if the issuance of the Shares subject to the Option upon such exercise would constitute
a violation of any Applicable Laws or (ii) prior to the date a Form S-8 registration statement covering the Shares underlying the
Option shall have been filed and become effective. If the exercise of the Option within the applicable time periods set forth in
Section 5, 6 and 7 of this Option Agreement is prevented by the provisions of this Section 4, the Option shall remain
exercisable until one (1) month after the date the Grantee is notified by the Company that the Option is exercisable, but in any
event no later than the Expiration Date set forth in the Notice.

 

5.           Termination or Change of Continuous
Service. In the event the Grantee’s Continuous Service terminates, other than for Cause, the Grantee may, but
only during the Post-Termination Exercise Period, exercise the portion of the Option that was vested at the date of such termination
(the “Termination Date”). The Post-Termination Exercise Period shall commence on the Termination Date. In the
event of termination of the Grantee’s Continuous Service for Cause, the Grantee’s right to exercise any vested portion
of the Option shall, except as otherwise determined by the Administrator, terminate concurrently with the termination of the Grantee’s
Continuous Service (also the “Termination Date”). In no event, however, shall the Option be exercised later than the
Expiration Date set forth in the Notice. In the event of the Grantee’s change in status from Employee, Director or Consultant
to any other status of Employee, Director or Consultant, the Option shall remain in effect and the Option shall continue to vest
in accordance with the Vesting Schedule set forth in the Notice; provided, however, that with respect to any Incentive Stock Option
that shall remain in effect after a change in status from Employee to Director or Consultant, such Incentive Stock Option shall
cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the day three (3)
months and one (1) day following such change in status. Except as provided in Sections 6 and 7 below, to the extent that
the Option was unvested on the Termination Date, or if the Grantee does not exercise the vested portion of the Option within the
Post-Termination Exercise Period, the Option shall terminate.

 

For purposes of this Award, the term “Cause”
means, with respect to the termination by the Company or a Related Entity of the Grantee’s Continuous Service, that such
termination is for “Cause” as such term (or word of like import) is expressly defined in a then-effective written agreement
between the Grantee and the Company or such Related Entity, or in the absence of such then-effective written agreement and definition,
is based on, in the determination of the Administrator, the Grantee’s: (i) performance of any act or failure to perform
any act in bad faith and to the detriment of the Company or a Related Entity; (ii) dishonesty, intentional misconduct or material
breach of any agreement with the Company or a Related Entity; or (iii) commission of a crime involving dishonesty, breach
of trust, or physical or emotional harm to any persons.

 

6.           Disability of Grantee. In the
event the Grantee’s Continuous Service terminates as a result of his or her Disability, the Grantee may, but only within
twelve (12) months commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of
the Option that was vested on the Termination Date. To the extent that the Option was unvested on the Termination Date, or if the
Grantee does not exercise the vested portion of the Option within the time specified herein, the Option shall terminate.

 

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7.           Death of Grantee. In the event
of the termination of the Grantee’s Continuous Service as a result of his or her death, or in the event of the Grantee’s
death during the Post-Termination Exercise Period or during the twelve (12) month period following the Grantee’s termination
of Continuous Service as a result of his or her Disability, the person who acquired the right to exercise the Option pursuant to
Section 8 may exercise the portion of the Option that was vested at the date of termination within twelve (12) months
commencing on the date of death (but in no event later than the Expiration Date). To the extent that the Option was unvested on
the date of death, or if the vested portion of the Option is not exercised within the time specified herein, the Option shall terminate.

 

8.           Transferability of Option.
The Option may not be transferred in any manner other than by will or by the laws of descent and distribution, provided, however,
that the Option may be transferred during the lifetime of the Grantee to the extent and in the manner authorized by the Administrator.
Notwithstanding the foregoing, the Grantee may designate one or more beneficiaries of the Grantee’s Option in the event of
the Grantee’s death on a beneficiary designation form provided by the Administrator. Following the death of the Grantee,
the Option, to the extent provided in Section 7, may be exercised (a) by the person or persons designated under the deceased
Grantee’s beneficiary designation or (b) in the absence of an effectively designated beneficiary, by the Grantee’s
legal representative or by any person empowered to do so under the deceased Grantee’s will or under the then applicable laws
of descent and distribution. The terms of the Option shall be binding upon the executors, administrators, heirs, successors and
transferees of the Grantee. 

 

9.           Term of Option. The Option
must be exercised no later than the Expiration Date set forth in the Notice or such earlier date as otherwise provided herein.
After the Expiration Date or such earlier date, the Option shall be of no further force or effect and may not be exercised.

 

10.         Tax Consequences. The Grantee
may incur tax liability as a result of the Grantee’s purchase or disposition of the Shares. THE GRANTEE SHOULD CONSULT A
TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF THE SHARES.

 

11.         Entire Agreement: Governing Law.
The Notice, the Plan and this Option Agreement constitute the entire agreement of the parties with respect to the subject matter
hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee with respect to the
subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of a writing signed by
the Company and the Grantee. Nothing in the Notice, the Plan and this Option Agreement (except as expressly provided therein) is
intended to confer any rights or remedies on any persons other than the parties. The Notice, the Plan and this Option Agreement
are to be construed in accordance with and governed by the internal laws of the State of Delaware without giving effect
to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the
State of Delaware to the rights and duties of the parties. Should any provision of the Notice, the Plan or this Option Agreement
be determined to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other
provisions shall nevertheless remain effective and shall remain enforceable.

 

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12.         Construction. The captions
used in the Notice and this Option Agreement are inserted for convenience and shall not be deemed a part of the Option for construction
or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include
the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise.

 

13.         Administration and Interpretation.
Any question or dispute regarding the administration or interpretation of the Notice, the Plan or this Option Agreement shall be
submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator
shall be final and binding on all persons.

 

14.         Venue and Waiver of Jury Trial.
The Company, the Grantee, and the Grantee’s assignees pursuant to Section 8 (the “parties”) agree that any
suit, action, or proceeding arising out of or relating to the Notice, the Plan or this Option Agreement shall be brought in the
United States District Court for Virginia (or should such court lack jurisdiction to hear such action, suit or proceeding, in a
Virginia state court) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to the
fullest extent permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding
brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION
OR PROCEEDING. If any one or more provisions of this Section 14 shall for any reason be held invalid or unenforceable, it
is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or its
application valid and enforceable.

 

15.         Notices. Any notice required
or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery, upon deposit for
delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail
(if the parties are within the United States), with postage and fees prepaid, addressed to the other party at its address as shown
in these instruments, or to such other address as such party may designate in writing from time to time to the other party.

 

END OF AGREEMENT

 

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EXHIBIT A

 

STG GROup,
INC (FORMERLY GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.)

 

2015
Omnibus INCENTIVE PLAN

 

EXERCISE
NOTICE

 

[COMPANY

ADDRESS]

Attention: Secretary

 

1.           Exercise of Option. Effective
as of today, ______________, ___ the undersigned (the “Grantee”) hereby elects to exercise the Grantee’s option
to purchase ___________ shares of the Common Stock (the “Shares”) of STG Group, Inc. (the “Company”) under
and pursuant to the Global Defense & National Security Systems, Inc. 2015 Omnibus Incentive Plan, as amended from time to time
(the “Plan”) and the Stock Option Award Agreement (the “Option Agreement”) and Notice of Stock Option Award
(the “Notice”) dated ______________, ________. Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Exercise Notice.

 

2.           Representations of the Grantee.
The Grantee acknowledges that the Grantee has received, read and understood the Notice, the Plan and the Option Agreement and agrees
to abide by and be bound by their terms and conditions.

 

3.           Rights as Stockholder. Until
the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of
a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall
exist with respect to the Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such
stock certificate forthwith after the Option is exercised. No adjustment will be made for a dividend or other right for which the
record date is prior to the date the stock certificate is issued, except as provided in Section 10 of the Plan.

 

4.           Payment. In accordance with
Section 3 of the Option Agreement, payment of the Exercise Price shall be by use of the net exercise procedure provided in such
Section.

 

5.           Tax Consultation. The Grantee
understands that the Grantee may suffer adverse tax consequences as a result of the Grantee’s purchase or disposition of
the Shares. The Grantee represents that the Grantee has consulted with any tax consultants the Grantee deems advisable in connection
with the purchase or disposition of the Shares and that the Grantee is not relying on the Company for any tax advice.

 

6.           Taxes. The Grantee agrees to
satisfy all applicable foreign, federal, state and local income and employment tax withholding obligations and herewith delivers
to the Company the full amount of such obligations or has made arrangements acceptable to the Company to satisfy such obligations.
In the case of an Incentive Stock Option, the Grantee also agrees, as partial consideration for the designation of the Option as
an Incentive Stock Option, to notify the Company in writing within thirty (30) days of any disposition of any shares acquired
by exercise of the Option if such disposition occurs within two (2) years from the Date of Award or within one (1) year
from the date the Shares were transferred to the Grantee.

 

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7.           Successors and Assigns. The
Company may assign any of its rights under this Exercise Notice to single or multiple assignees, and this agreement shall inure
to the benefit of the successors and assigns of the Company. This Exercise Notice shall be binding upon the Grantee and his or
her heirs, executors, administrators, successors and assigns.

 

8.           Construction. The captions
used in this Exercise Notice are inserted for convenience and shall not be deemed a part of this agreement for construction or
interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include
the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise.

 

9.           Administration and Interpretation.
The Grantee hereby agrees that any question or dispute regarding the administration or interpretation of this Exercise Notice shall
be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator
shall be final and binding on all persons.

 

10.         Governing Law; Severability.
This Exercise Notice is to be construed in accordance with and governed by the internal laws of the State of Delaware without giving
effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws
of the State of Delaware to the rights and duties of the parties. Should any provision of this Exercise Notice be determined by
a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other
provisions shall nevertheless remain effective and shall remain enforceable.

 

11.         Notices. Any notice required
or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery, upon deposit for
delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail
(if the parties are within the United States), with postage and fees prepaid, addressed to the other party at its address as shown
below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party.

 

12.         Further Instruments. The parties
agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes
and intent of this agreement.

 

13.         Entire Agreement. The Notice,
the Plan and the Option Agreement are incorporated herein by reference and together with this Exercise Notice constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements
of the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s
interest except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan, the Option Agreement
and this Exercise Notice (except as expressly provided therein) is intended to confer any rights or remedies on any persons other
than the parties.

 

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	Submitted by:	 	Accepted by:
	 	 	 
	GRANTEE:	 	STG Group, Inc.:
	 	 	 
	 	 	By:	
	
	 		 
	 	 	Title: 	 
	(Signature)	 	 	 
	 	 	 	 
	Address:	 	Address:
	 	 	 
	 	 	11091 Sunset Hills Road, Suite 200
	 	 	Reston, Virginia 20190

 

    	 	3Exhibit

EXHIBIT 10.1

AMENDMENT NO. 3 TO
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

This AMENDMENT NO. 3 TO LOAN AND SECURITY AGREEMENT (this “Amendment”),
is entered into as of December 18, 2015, by and among OVERLAND STORAGE, INC., a California corporation (“US Borrower”), TANDBERG DATA GMBH, a limited liability company organized under the laws of Germany (“German Borrower”), SPHERE 3D CORP., an Ontario corporation (formerly known as Sphere 3D Corporation) (“Canadian Borrower” and together with US Borrower and German Borrower, collectively, the “Borrowers”), the Guarantors signatory hereto and SILICON VALLEY BANK, a California corporation (“Bank”).
RECITALS

A.Bank and Borrowers have entered into to that certain Amended and Restated Loan and Security Agreement, dated as of March 19, 2014 (as amended, amended and restated, supplemented,  restructured  or otherwise modified, renewed or replaced from time to time, the “Loan Agreement”), pursuant to which Bank has extended and will make available to Borrowers certain advances of money;

B.Borrowers desire that Bank amend the Loan Agreement upon the terms and conditions fully set forth herein; and

C.Subject to the representations and warranties of the Borrowers herein and upon the terms and conditions set forth in this Amendment, Bank is willing to so amend the Loan Agreement.
AGREEMENT

NOW, THEREFORE, in consideration of the foregoing Recitals and intending to be legally bound, the parties hereto agree as follows:

1DEFINED TERMS. All capitalized terms not defined herein shall have the respective meanings ascribed to such terms in the Loan Agreement.

		
	2
	AMENDMENTS TO LOAN AGREEMENT

2.1    Article 6 (Affirmative Covenants). Article 6 of the Loan Agreement is hereby amended by adding new Section 6.14 (Required Equity and Subordinated Debt) as follows:

Section 6.14 (Required Equity and Subordinated Debt). On or before December 23, 2015, provide Bank with evidence of receipt by any Borrower of no less than the sum of (a) $5,000,000 in gross cash proceeds from an Equity Issuance by Canadian Borrower plus (b) $5,000,000 in net cash proceeds from a draw under the Cyrus Credit Agreement.

		
	2.2
	Section 13.1 (Definitions).  A new definition of “Equity Issuance” is hereby added to Section

13.1 of the Loan Agreement in the appropriate alphabetical order as follows:

“Equity Issuance” means, any issuance by any Borrower, any Guarantor or any Subsidiary to any Person of its equity interests, other than (a) any issuance of its equity interests pursuant to the exercise of options or warrants, (b) any issuance of its equity interests pursuant to the conversion of any debt securities to equity or the conversion of any class of equity securities to any other class of equity securities, and (c) any issuance of options or warrants relating to its equity interests.
LIMITATION. The amendments set forth in this Amendment shall be limited precisely as written and shall not be deemed (a) to be a forbearance, waiver or modification of any other term or condition of the loan agreement, the consent and waiver or of any other instrument or agreement referred to therein or to prejudice any right or remedy which Bank may now have or may have in the future under or in connection with the Loan Agreement or any instrument or agreement referred to therein; (b) to be a consent to any future amendment or modification, forbearance or waiver to any  instrument or agreement the execution and delivery of which  is consented to hereby, or to any waiver of any of the provisions thereof; or (c) to limit or impair Bank’s right to demand strict performance of all terms and covenants as of any date. Except as expressly amended hereby, the Loan Agreement shall continue in full force and effect.

4REPRESENTATIONS AND WARRANTIES. To induce Bank to enter into this Amendment, each Borrower hereby represents and warrants to Bank as follows:

4.1    Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true, accurate and complete in all material respects as of such date), and (b) no Event of Default has occurred and is continuing;

4.2    The Borrowers have the power and authority to execute and deliver this Amendment and to perform their obligations under the Loan Agreement, as amended by this Amendment;

4.3    The organizational documents of the Borrowers delivered to Bank remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

4.4    The execution and delivery by the Borrowers of this Amendment and the performance by the Borrowers of their obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;

4.5    The execution and delivery by the Borrowers of this Amendment and the performance by the Borrowers of their obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting any Borrower, (b) any contractual restriction with a Person binding on any Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on any Borrower, or (d) the organizational documents of any Borrower;

4.6    The execution and delivery by the Borrowers of this Amendment and the performance by the Borrowers of their obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with,  or exemption by any governmental or public body or authority, or subdivision thereof, binding on the Borrowers, except as already has been obtained or made or except for any filing, recording, or registration required by the Securities Exchange Act of 1934; and
4.7    This Amendment has been duly executed and delivered by the Borrowers and is the binding obligation of each Borrower, enforceable against each Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.

5EFFECTIVENESS. This Amendment shall become effective upon the satisfaction of all the following conditions precedent:

5.1    Amendment. The Borrowers shall have duly executed and delivered this Amendment to Bank;

5.2    Payment of Bank Expenses. The Borrowers shall have paid all Bank Expenses (including all reasonable attorneys’ fees and reasonable expenses) incurred through the date of this Amendment.

6COUNTERPARTS. This Amendment may be signed in any number of counterparts, and by different parties hereto in separate counterparts, with the same effect as if the signatures to each such counterpart were upon a single instrument. All counterparts shall be deemed an original of this amendment.

		
	7
	LOAN DOCUMENT. This Amendment is a Loan Document.

8INTEGRATION. This Amendment and any documents executed in connection herewith or pursuant hereto contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements, understandings, offers and negotiations, oral or written, with respect thereto and no extrinsic evidence whatsoever may be introduced in any judicial or arbitration proceeding, if any, involving this Amendment; except that any financing statements or other agreements or instruments filed by Bank with respect to the Borrowers shall remain in full force and effect.

9GOVERNING LAW; VENUE. THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA. Each Borrower and Bank each submit to the exclusive jurisdiction of the state and federal courts in Santa Clara County, California

10RATIFICATION. EFFECTIVE. As of the Effective Date, each Borrower and each Guarantor hereby restates, ratifies and reaffirms each and every term and condition set forth in the Loan Agreement and the other Loan Documents to which it is a party, in each case, as amended hereby.

11REAFFIRMATION. Each of the undersigned Guarantors consent to the amendments to the Loan Agreement. Although the undersigned Guarantors have been informed of the matters set forth herein with respect to the Loan Agreement and have consented to the same, each Guarantor understands that Bank has no obligation to inform it of such matters in the future or seek its acknowledgement or agreement to future consents or amendments of the Loan Agreement and nothing herein shall create such a duty.

[Signature page follows.]

IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly executed and delivered as of the date first above written.
BORROWERS:

OVERLAND STORAGE, INC., 
a California corporation 
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch    
 
    Title:    Chief Financial Officer    

TANDBERG DATA GMBH, 
a limited liability company organized under the laws of Germany 
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch     
    Title:   Geschaftsfuhrer    

SPHERE 3D CORP., 
an Ontario corporation 
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch     
    Title:    Chief Financial Officer    

GUARANTORS:

TANDBERG DATA HOLDINGS S.À R.L., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg    
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch     
    Title:   Director    

 
 
By:        
Name:     
    Title:        

SPHERE 3D INC., 
a corporation organized under the laws of Canada 
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch     
    Title:    Chief Financial Officer
FROSTCAT TECHNOLOGIES INC., 
a corporation organized under the laws of Canada  
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch     
    Title:    Chief Financial Officer

V3 SYSTEMS HOLDINGS, INC., 
a Delaware corporation  
 
 
By:    /s/ Kurt Kalbfleisch    
Name: Kurt Kalbfleisch     
    Title:    Chief Financial Officer
    

SILICON VALLEY BANK
 
By:    /s/ Justin Mauch    
Name:    Justin Mauch    Title:    Vice President

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