EXHIBIT 10.17


 


GLOBALOPTIONS GROUP, INC.

415 Madison Avenue, 17th Floor

New York, NY 10017


 


March 31, 2013


 


Jeff Nyweide, CFO and E.V.P. Corp. Dev.

GlobalOptions Group, Inc.

415 Madison Avenue

17th Floor

New York, NY 10017


 


		Re:	Your Employment Agreement dated July 30, 2007, as amended
on each of August 13, 2009, May 13, 2010, December 10, 2010, and March 26, 2012 (collectively the “Agreement”; capitalized
terms used herein without definitions have the meanings specified in the Agreement)



 


Dear Jeff:


 


The Board of Directors desires that you
continue to serve as Chief Financial Officer, Executive Vice President of Corporate Development, and Secretary from the date hereof
until June 30, 2013 with automatic month to month extensions until either party provides a thirty (30) day written notice of Termination.
It is acknowledged by the parties hereto, that your employment termination date of December 31, 2012 as contemplated by the March
26, 2012 amendment was extended under the same terms and conditions of the March 26, 2012 amendment until the date hereof. This
letter (the “Amendment”) is to modify and clarify the Agreement, effective as of March 31, 2013.


 


1. The parties hereby acknowledge that
the current term of your employment was extended by the operative provisions contained in Section 1 of the Agreement, subject to
earlier termination or amendment as contemplated therein. Accordingly, Section 1 is amended and by replacing the first sentence
as follows:


 


“The Company agrees to continue your employment
as Chief Financial Officer, Treasurer, Secretary, and Executive Vice President Corporate Development for the Company until June
30, 2013 with automatic month to month extensions thereafter until written notice of termination is provided by either party with
or without cause and such written notice shall provide a minimum of thirty (30) day notice period for such termination (“Termination
Notice”).”


 


2. Section 2 is hereby amended and restated
as follows:


 


“Salary: (a) From April
1, 2013, and until the later of June 30, 2013 or thirty (30) days after the Termination Notice, the Base Salary per month shall
be $15,000, payable on the first of each month, and all other payments and Benefits provided for in the Agreement, provided, however,
Benefits under this Section 2(a) and Section 2(b) below, shall not include the monthly housing allowance.


 






    	 



    	 



    

 


(b) In addition to the Base Salary
and Benefits, as an inducement for the Employee to remain in the employ of the Company, the Employee notwithstanding anything
contained in this Agreement, upon a termination of employment without Cause or for Good Reason or as a result of death or
Disability prior to the end of the term or any extension thereto, the Employee shall receive the Base Salary and continued
Benefits through the end of the term. In addition, if the Company enters into an agreement to acquire or merge with or into
an operating company (a “Sale”), upon the closing date of such acquisition or merger (the “Closing
Date”) the Employee shall receive a fee equal to $250,000 (“Success Fee”) to be paid in the form of
restricted stock, and the restricted stock shall be the number of shares equal to $250,000 based upon the deal price at
closing which will be fully vested and freely tradeable shares of the Company’s common stock (“Success
Fee”) under the Company’s equity plan on the Closing Date. Provided, that the stock shall contain a cashless
provision wherein the Employee may elect that the Company withhold that number of shares necessary to satisfy the
Employee’s tax obligations arising from the grant and the Company will pay the applicable taxes. Notwithstanding the
foregoing, in the event that Employee’s employment is terminated without Cause or Good Reason or as a result of his
death or Disability and a Sale is consummated within nine months of the date of termination, the Employee shall be entitled
to the Success Fee, as described above.


 


(c) The equity grant referred to in the
second sentence of Section 2(b) in the Amendment dated March 26, 2012 remains outstanding in accordance with its terms.


 


4. In the event that it is ultimately
determined that the payment of the amounts held in the rabbi trust or hereunder were made in violation of Section 409A of the Code,
the Company shall pay or fully indemnify the Employee for all costs associated with such determination, including without limitation,
any additional tax, interest or legal fees.


 


5. The obligations under Section 12 shall
end on the last day of the term,


  


Except as hereby amended, the Agreement and all of its terms
and conditions shall remain in full force and effect and are hereby confirmed and ratified. All references to the Agreement shall
be deemed references to the Agreement as amended and clarified hereby. This Amendment shall be governed and construed under the
laws of the State of New York.


 






    	 



    	 



    

 


Please sign below to acknowledge your agreement to and acceptance
of this Amendment to the Agreement.


 


	 	Sincerely,
	 	 
	 	 
	 	
        /s/ Harvey Schiller

	 	Harvey Schiller
	 	Chairman & CEO


 


	
        Agreed to:
	 
	 	 
	 	 
	
        /s/ Jeff Nyweide
	 
	Jeff Nyweide	 
	 	 
	Date: March 31, 2013