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                                                                    Exhibit 10.1

                            GLOBALOPTIONS GROUP, INC.
                          2006 LONG-TERM INCENTIVE PLAN

1.    ESTABLISHMENT, PURPOSE AND TYPES OF AWARDS

      GlobalOptions  Group,  Inc.,  a Delaware  corporation  (the  "COMPANY"  or
"GLOBALOPTIONS"),   hereby  establishes  the  GlobalOptions   Group,  Inc.  2006
Long-Term  Incentive Plan (the "PLAN").  The general purposes of the Plan are to
promote the long-term  financial interest of GlobalOptions,  including growth in
the value of  GlobalOptions'  equity and  enhancement  of long-term  stockholder
return,  by: (i) attracting and retaining persons eligible to participate in the
Plan; (ii) motivating Plan participants,  by means of appropriate incentives, to
achieve long-range goals; (iii) providing incentive  compensation  opportunities
that are  competitive  with those of other similar  companies;  and (iv) further
aligning  Plan  participants'  interests  with  those of other  stockholders  of
GlobalOptions through compensation that is based on GlobalOptions' Common Stock,
as defined below.

2.    DEFINITIONS

      Under  the  Plan,  except  where  the  context  otherwise  indicates,  the
following definitions apply:

      (a)   "AFFILIATE"  means any entity,  whether now or  hereafter  existing,
which  controls,  is controlled by, or is under common control with, the Company
(including, but not limited to, subsidiaries,  joint ventures, limited liability
companies, and partnerships), as determined by the Committee.

      (b)   "AWARD"  means any stock option,  stock  appreciation  right,  stock
award,  performance  award,  or other  stock-based  award relating to the Common
Stock or other  securities of the Company granted  pursuant to the provisions of
the Plan.

      (c)   "BOARD" means the Board of Directors of the Company.

      (d)   "CHANGE  IN  CONTROL"  shall be deemed to have  occurred  if:  (1) a
tender offer (or series of related offers) shall be made and consummated for the
ownership of 50% or more of the  outstanding  voting  securities of the Company,
unless as a result of such tender offer more than 50% of the outstanding  voting
securities  of the  surviving  or  resulting  corporation  shall be owned in the
aggregate by the stockholders of the Company (as of the time  immediately  prior
to the commencement of such offer),  any employee benefit plan of the Company or
its  Affiliates;  (2) the Company shall be merged or  consolidated  with another
corporation, unless as a result of such merger or consolidation more than 50% of
the  outstanding  voting  securities of the  surviving or resulting  corporation
shall be owned in the  aggregate by the  stockholders  of the Company (as of the
time immediately  prior to such  transaction),  any employee benefit plan of the
Company or its Affiliates;  (3) the Company shall sell  substantially all of its
assets to another corporation that is not wholly owned by the Company, unless as
a  result  of such  sale  more  than  50% of such  assets  shall be owned in the
aggregate by the stockholders of the Company (as of the time  immediately  prior
to  such  transaction),  any  employee  benefit  plan  of  the  Company  or  its
Affiliates; or (4) a Person (as defined below) shall acquire 50% or more of the

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outstanding  voting  securities of the Company  (whether  directly,  indirectly,
beneficially or of record), unless as a result of such acquisition more than 50%
of the outstanding  voting securities of the surviving or resulting  corporation
shall be owned in the  aggregate by the  stockholders  of the Company (as of the
time  immediately  prior to the first  acquisition  of such  securities  by such
Person), any employee benefit plan of the Company or its Affiliates.

            For purposes of this definition of "CHANGE IN CONTROL", ownership of
voting  securities  shall  take into  account  and shall  include  ownership  as
determined by applying the  provisions of Rule  13d-3(d)(I)(i)  (as in effect on
the date  hereof)  under the  Exchange  Act.  In  addition,  for such  purposes,
"Person" shall have the meaning given in Section 3(a)(9) of the Exchange Act, as
modified and used in Sections 13(d) and 14(d) thereof;  however,  a Person shall
not  include (A) the  Company or any of its  Affiliates;  (B) a trustee or other
fiduciary  holding  securities  under an employee benefit plan of the Company or
any of  its  Affiliates;  (C)  an  underwriter  temporarily  holding  securities
pursuant to an offering of such securities; or (D) a corporation owned, directly
or indirectly,  by the  stockholders  of the Company in  substantially  the same
proportion as their ownership of stock of the Company.

      (e)   "CODE" means the Internal Revenue Code of 1986, as amended,  and any
regulations  promulgated  thereunder.  A reference to any  provision of the Code
shall include reference to any successor provision of the Code.

      (f)   "COMMITTEE"  means the  Compensation  Committee of the Board,  which
shall consist of three or more  directors who are  "Non-Employee  Directors" (as
such term is defined in Rule  16b-3) and  "Outside  Directors"  (as such term is
defined in Section 162(m) of the Code) serving at the pleasure of the Board.

      (g)   "COMMON STOCK" means shares of common stock, par value of $0.001 per
share, of the Company.

      (h)   "EXCHANGE  ACT"  means  the  Securities  Exchange  Act of  1934,  as
amended, and any successor thereto.

      (i)   "FAIR MARKET  VALUE"  means,  the closing  price of publicly  traded
shares of Common Stock on the principal  securities  exchange on which shares of
Common  Stock are listed (if the shares of Common  Stock are so listed),  on the
business day immediately  prior to the grant,  exercise or the  determination of
certain  withholding  tax  obligations,  as the case may be, if not so listed or
regularly quoted,  the mean between the closing bid and asked prices of publicly
traded shares of Common Stock in the  over-the-counter  market,  on the business
day immediately  prior to the grant,  exercise or the  determination  of certain
withholding  tax  obligations,  as the case may be,  or,  if such bid and  asked
prices  shall  not  be  available,  as  reported  by any  nationally  recognized
quotation service selected by the Company, on the business day immediately prior
to  the  grant,  exercise  or  the  determination  of  certain  withholding  tax
obligations,  as the case may be, or as  determined by the Committee in a manner
consistent with the provisions of the Code.

      (j)   "GRANT   AGREEMENT"   means  a  written   or   electronic   document
memorializing  the terms and  conditions  of an Award  granted  pursuant  to the
provisions of the Plan.

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3.    ADMINISTRATION

      (a)   ADMINISTRATION  OF THE PLAN. The Plan shall be  administered  by the
Committee.

      (b)   POWERS OF THE  COMMITTEE.  The  Committee  shall have all the powers
vested in it by the terms of the Plan, such powers to include authority,  in its
sole and absolute  discretion,  to grant Awards under the Plan,  prescribe Grant
Agreements evidencing such Awards and establish programs for granting Awards.

      The  Committee  shall  have  full  power and  authority  to take all other
actions  necessary  to carry out the purpose and intent of the Plan,  including,
but not limited to, the  authority  to: (1)  determine  the eligible  persons to
whom, and the time or times at which Awards shall be granted;  (2) determine the
types of Awards to be granted,  including  determining  which  Options under the
Plan shall be incentive  options and which shall be non-qualified  options;  (3)
determine  the  number of shares of Common  Stock to be  covered  by or used for
reference  purposes  for  each  Award;  (4)  impose  such  terms,   limitations,
restrictions  and  conditions  upon any such Award as the  Committee  shall deem
appropriate;  (5) subject to the  limitations  of Sections  6(a)(2) and 6(b)(2),
modify,  amend,  extend or renew outstanding  Awards, or accept the surrender of
outstanding Awards and substitute new Awards (provided however,  that, except as
otherwise  specifically  provided  under the Plan, any  modification  that would
materially  adversely affect any outstanding Award shall not be made without the
consent of the holder);  (6) accelerate or otherwise change the time in which an
Award may be exercised or becomes  payable and to waive or accelerate the lapse,
in whole or in part, of any restriction or condition with respect to such Award,
including,  but not limited to, any restriction or condition with respect to the
vesting or  exercisability  of an Award  following  termination of any grantee's
employment or other relationship with the Company;  provided,  however,  that no
such waiver or  acceleration  of lapse  restrictions  shall (i) be allowed  with
regard to a "deferral of compensation"  within the meaning of Code Section 409A,
except as  otherwise  permitted  under such Code  section,  or (ii) be made with
respect to a  performance-based  stock Award granted to an executive  officer of
the Company if such waiver or  acceleration  is  inconsistent  with Code Section
162(m); (7) permit the withholding by the Company of shares of Common Stock from
shares of Common Stock  otherwise to be received by a participant  in connection
with  the  exercise  of  options  and/or  the   withholding  of  taxes  by  such
participant;  and (8) establish  objectives and conditions,  if any, for earning
Awards,  including  without  limitation,  the  office  or  position  held by the
participant or the participant's  relationship to the Company, the participant's
degree of  responsibility  for and contribution to the growth and success of the
Company or any Affiliate,  the participant's  length of service,  promotions and
potential  and  determining  whether  Awards  will  be paid  after  the end of a
performance period.

      The  Committee  shall  have  full  power  and  authority,  in its sole and
absolute discretion,  to administer and interpret the Plan, Grant Agreements and
all other  documents  relevant to the Plan and Awards issued  hereunder,  and to
adopt  and  interpret  such  rules,  regulations,   agreements,  guidelines  and
instruments  for the  administration  of the  Plan  and for the  conduct  of its
business as the Committee  deems  necessary or advisable.  Without  limiting the
foregoing,  the Committee may delegate  administrative and ministerial duties to
officers  or  employees  of the  Company as the  Committee  deems  necessary  or
advisable  in its  sole and  absolute  discretion.  The  Committee  may  appoint

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accountants,  actuaries,  counsel,  advisors  and  other  persons  that it deems
necessary or desirable in connection with the administration of the Plan.

      In the event that for any reason the  Committee is unable to act or if the
Committee at the time of any grant,  award or other  acquisition  under the Plan
does not consist of two or more non-employee  directors, or if there shall be no
such Committee, then the Plan shall be administered by the Board, and references
herein to the Committee (except in the proviso to this sentence) shall be deemed
to be references to the Board,  and any such grant,  award or other  acquisition
may be approved or ratified in any other manner contemplated by subparagraph (d)
of Rule 16b-3;  provided,  however,  that options granted to the Company's Chief
Executive Officer or to any of the Company's other four most highly  compensated
officers that are intended to qualify as  performance-based  compensation  under
Section 162(m) of the Code may only be granted by the Committee.

      (c)   NON-UNIFORM DETERMINATIONS. The Committee's determinations under the
Plan (including,  without  limitation,  determinations of the persons to receive
Awards,  the form, amount and timing of such Awards, the terms and provisions of
such Awards and the Grant Agreements evidencing such Awards) need not be uniform
and may be made by the Committee  selectively among persons who receive,  or are
eligible  to receive,  Awards  under the Plan,  whether or not such  persons are
similarly situated.

      (d)   LIMITED LIABILITY. To the maximum extent permitted by law, no member
of the  Committee  shall be liable for any action taken or decision made in good
faith relating to the Plan or any Award hereunder.

      (e)   INDEMNIFICATION.  To the maximum extent  permitted by law and by the
Company's charter and by-laws, the members of the Committee shall be indemnified
by the Company in respect of all their  activities under the Plan.

      (f)   EFFECT OF COMMITTEE'S DECISION.  All actions taken and decisions and
determinations  made by the  Committee  on all matters  relating to the Plan and
Awards issued  hereunder  pursuant to the powers vested in it hereunder shall be
in the  Committee's  sole and absolute  discretion  and shall be conclusive  and
binding on all parties concerned,  including the Company, its stockholders,  any
participants in the Plan and any other employee,  consultant, or director of the
Company, and their respective successors in interest.

4.    SHARES AVAILABLE FOR THE PLAN; MAXIMUM AWARDS

      Subject to adjustments as provided in Section 7(c) of the Plan, the shares
of Common Stock that may be issued with respect to Awards granted under the Plan
shall not  exceed an  aggregate  of  12,000,000  shares of Common  Stock.  Stock
appreciation  rights to be settled in shares of Common Stock shall be counted in
full against the number of shares available for Award under the Plan, regardless
of the number of shares issued upon settlement of the stock appreciation  right.
The  Company  shall  reserve  such  number of shares for Awards  under the Plan,
subject to  adjustments  as provided in Section 7(c) of the Plan.  The shares of
Common Stock issued  pursuant to the Plan may come from  authorized and unissued
shares,  treasury shares or shares  purchased by the Company in the open market.
If any  Award,  or  portion of an Award,  under the Plan  expires or  terminates

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unexercised,  becomes  unexercisable,  is settled in cash  without  delivery  of
shares of Common  Stock,  or is  forfeited  or  otherwise  terminated  as to any
shares,  or if any  shares of Common  Stock are  repurchased  by the  Company in
connection with any Award,  the shares subject to such Award and the repurchased
shares shall  thereafter be available  for further  Awards under the Plan except
where such reissuance is inconsistent with the provisions of 162(m) of the Code.

      Subject  to  adjustments  as  provided  in Section  7(c) of the Plan,  the
maximum  number of shares of Common Stock  subject to Awards of any  combination
that may be granted  during any calendar year to any one  individual  under this
Plan shall be limited to 2,500,000  shares  (subject to  adjustment  pursuant to
Section  7(c) hereof) and the method of counting  such shares  shall  conform to
performance based compensation under Section 162(m) of the Code.

5.    PARTICIPATION

      Participation  in the Plan shall be open to all  employees,  officers  and
directors of, and  consultants  and advisors to, the Company or any Affiliate of
the Company,  as may be selected by the Committee from time to time,  subject to
any restrictions  imposed by applicable law. The Committee may also grant Awards
to individuals in connection with hiring,  retention or otherwise,  prior to the
date the  individual  first  performs  services for the Company or an Affiliate,
provided  that such Awards shall not become vested or  exercisable  prior to the
date the individual first commences performance of such services.

6.    AWARDS

      The Committee, in its sole discretion, establishes the terms of all Awards
granted  under the Plan.  Awards may be granted  individually  or in tandem with
other  types of  Awards.  All Awards  are  subject  to the terms and  conditions
provided in the Grant Agreement.  Subject to any applicable requirements of Code
Section  409A,  the  Committee  may permit or require a recipient of an Award to
defer such individual's receipt of the payment of cash or the delivery of Common
Stock that would  otherwise be due to such  individual by virtue of the exercise
of, payment of, or lapse or waiver of restrictions respecting, any Award. If any
such payment deferral is required or permitted, the Committee shall, in its sole
discretion,  establish  rules and  procedures  for such payment  deferrals.  The
maximum term for any Award shall not exceed ten years from the date of the grant
of such Award,  provided,  however,  in the case of an  incentive  stock  option
granted to an eligible  participant who, at the time such incentive stock option
is granted,  owns  (within the meaning of Section  424(d) of the Code) more than
10% of the total combined voting power of all classes of stock of the Company or
of any Affiliate,  no such incentive stock option shall be exercisable more than
five years after the date such incentive stock option is granted.

      (a)   STOCK OPTIONS.

      (1)   IN GENERAL.  The  Committee  may from time to time grant to eligible
            participants Awards of incentive stock options or nonstatutory stock
            options;  provided,  however, that Awards of incentive stock options
            shall be limited to  employees  of the  Company or of any current or
            hereafter existing "parent corporation" or "subsidiary corporation,"
            as defined in Sections 424(e) and (f) of the Code, respectively,  of

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            the Company and any other  individuals  who are  eligible to receive
            incentive  stock options under the  provisions of Section 422 of the
            Code.  All stock options must have an exercise  price at least equal
            to Fair  Market  Value as of the date of grant,  provided,  however,
            that with  respect to an  eligible  participant  who, at the time an
            incentive  stock  option is  granted,  owns  (within  the meaning of
            Section  424(d)  of the Code)  more  than 10% of the total  combined
            voting  power  of all  classes  of stock  of the  Company  or of any
            subsidiary,  the  exercise  price shall be at least 110% of the Fair
            Market  Value per share of  Common  Stock on the date of grant.  The
            exercise  price of each  Option  shall be subject to  adjustment  as
            provided  in  Section  7(c)  below.  An  Option to the  extent  then
            exercisable  may be exercised in whole or in part at any time during
            the  option  period,   by  giving  written  notice  to  the  Company
            specifying  the  number of shares of Common  Stock to be  purchased,
            accompanied  by payment in full of the exercise  price,  in cash, by
            check  or  such  other  instrument  as  may  be  acceptable  to  the
            Committee.  As determined by the Committee,  in its sole discretion,
            at or  after  grant,  payment  in full or in part may be made at the
            election of the participant (i) in the form of Common Stock owned by
            the participant  (based on the Fair Market Value of the Common Stock
            on the Option  exercise  date) that is not the subject of any pledge
            or security  interest,  (ii) in the form of Common Stock withheld by
            the  Company  from  the  shares  of  Common  Stock  otherwise  to be
            received,  with such  withheld  shares of Common Stock having a Fair
            Market Value on the Option exercise date equal to the exercise price
            of the Option, or (iii) by a combination of the foregoing,  provided
            that the  combined  value of all cash and cash  equivalents  and the
            Fair  Market  Value of any shares  surrendered  to the Company is at
            least equal to such  exercise  price and except with respect to (ii)
            above,  such  method  of  payment  will  not  cause a  disqualifying
            disposition  of all or a portion of the Common Stock  received  upon
            exercise of an incentive  option. A participant shall have the right
            to  dividends  and other  rights of a  stockholder  with  respect to
            shares of Common Stock  purchased  upon  exercise of an Option after
            (i) the  participant  has given  written  notice of exercise and has
            paid in full for such shares,  (ii) becomes a stockholder  of record
            with respect  thereto,  and (iii) the participant has satisfied such
            conditions  that may be imposed by the Company  with  respect to the
            withholding of taxes.

      (2)   INCENTIVE STOCK OPTION.  No stock option shall be an incentive stock
            option unless so designated by the Committee at the time of grant or
            in the Grant  Agreement  evidencing  such  stock  option,  and which
            otherwise  meets the  requirements  of Section 422 of the Code.  The
            aggregate Fair Market Value, determined as of the date the incentive
            option is granted,  of Common Stock for which incentive  options are
            exercisable  for the first time by any eligible  participant  during
            any  calendar  year under the Plan  (and/or any other  stock  option
            plans of the Company or any Affiliate) shall not exceed $100,000.  A
            grant of an incentive  option under this Plan shall  provide that if
            the participant  makes a disposition,  within the meaning of Section
            424(c) of the Code, of any share or shares of Common Stock issued to
            him upon exercise of an incentive option granted within the two-year
            period  commencing  on the day  after  the date of the grant of such
            incentive  option or within a one-year period  commencing on the day
            after the date of transfer of the share or shares to him pursuant to

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            the  exercise of such  incentive  option,  he shall,  within 10 days
            after such disposition, notify the Company thereof.

      (3)   PROHIBITION ON OPTION REPRICING & CANCELLATION.  Notwithstanding any
            other provision of the Plan, neither the Board nor the Committee may
            reprice,  replace or regrant any Option  granted under the Plan, (i)
            through  cancellation  and  replacement or regrant with lower priced
            options, (ii) through exchange,  replacement,  or buyouts of awarded
            options with cash, or (iii) by lowering the option exercise price of
            a  previously   granted  Option,   without  the  prior  approval  of
            GlobalOptions' stockholders.

      (b)   STOCK APPRECIATION RIGHTS.

      (1)   IN GENERAL.  The  Committee  may from time to time grant to eligible
            participants  Awards of Stock  Appreciation  Rights ("SAR").  An SAR
            entitles the grantee to receive,  subject to the  provisions  of the
            Plan and the Grant  Agreement,  a payment having an aggregate  value
            equal to the product of (1) the excess of (A) the Fair Market  Value
            on the exercise  date of one share of Common Stock over (B) the base
            price per share  specified  in the  Grant  Agreement,  times (2) the
            number of shares specified by the SAR, or portion thereof,  which is
            exercised. The base price per share specified in the Grant Agreement
            shall not be less than the Fair Market  Value of the Common Stock on
            the grant date. Payment by the Company of the amount receivable upon
            any  exercise of an SAR may be made by the  delivery of Common Stock
            or cash, or any  combination of Common Stock and cash, as determined
            in the sole  discretion of the Committee.  If upon settlement of the
            exercise of an SAR a grantee is to receive a portion of such payment
            in shares of Common Stock,  the number of shares shall be determined
            by  dividing  such  portion by the Fair  Market  Value of a share of
            Common Stock on the exercise  date.  No  fractional  shares shall be
            used for such payment and the Committee shall determine whether cash
            shall be given in lieu of such  fractional  shares or  whether  such
            fractional shares shall be eliminated.

      (2)   PROHIBITION  ON SAR REPRICING &  CANCELLATION.  Notwithstanding  any
            other provision of the Plan, neither the Board nor the Committee may
            reprice,  replace or regrant  any SAR  granted  under the Plan,  (i)
            through  cancellation  and  replacement or regrant with lower priced
            SARs, (ii) through exchange, replacement, or buyouts of awarded SARs
            with cash,  or (iii) by lowering  the SAR base price of a previously
            granted   SAR,   without  the  prior   approval  of   GlobalOptions'
            stockholders.

      (c)   STOCK AWARDS.

      (1)   IN GENERAL.  The Committee may from time to time grant restricted or
            unrestricted stock awards to eligible  participants in such amounts,
            on such terms and conditions, and for such consideration,  including
            no consideration or such minimum consideration as may be required by
            law, as it shall determine.

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      (2)   RESTRICTED STOCK TERMS. An eligible participant shall have no rights
            to an award of  restricted  stock  unless  and  until  the  eligible
            participant  accepts the award within the period  prescribed  by the
            Committee and, if the Committee shall deem desirable,  makes payment
            to the Company in cash, or by check or such other  instrument as may
            be acceptable to the Committee.  After  acceptance and issuance of a
            certificate  or  certificates,  as provided for below,  the eligible
            participant  shall have the rights of a stockholder  with respect to
            restricted stock subject to the  non-transferability  and forfeiture
            restrictions  described  below.  The  Company  shall  issue  in  the
            eligible  participant's  name a certificate or certificates  for the
            shares of Common Stock  associated with the award promptly after the
            eligible  participant accepts such award. Unless otherwise provided,
            any  certificate  or  certificates   issued   evidencing  shares  of
            restricted stock shall not be delivered to the eligible  participant
            until such  shares  are free of any  restrictions  specified  by the
            Committee  at the time of  grant.  Shares  of  restricted  stock are
            forfeitable  until the terms of the restricted stock grant have been
            satisfied. Shares of restricted stock are not transferable until the
            date on which the  Committee  has specified  such  restrictions  has
            lapsed.  Unless  otherwise  provided,  distributions  in the form of
            dividends or otherwise of  additional  shares or property in respect
            of  shares  of  restricted  stock  shall  be  subject  to  the  same
            restrictions as such shares of restricted stock.

      (d)   PERFORMANCE  AWARDS.  The Committee  may, in its  discretion,  grant
performance  awards which become  vested or payable on account of  attainment of
one or more  performance  goals during a specified  period as established by the
Committee. Performance awards may be in the form of Common Stock or cash, or any
combination  of Common Stock and cash, as  determined in the sole  discretion of
the Committee.  The Committee shall establish in writing, on a timely basis, (i)
the performance  goals that must be met, (ii) the threshold,  target and maximum
amounts that may be paid, or in the case of an award of Common Stock, the number
of shares that will vest, if the performance  goals are met, and (iii) any other
conditions  that the Committee deems  appropriate  and, in the case of executive
officers  where the Award is  intended  to be  "performance  based"  within  the
meaning of Code Section  162(m),  consistent  with  Section  162(m) of the Code.
Performance  goals  established  by the Committee  shall be based on objectively
determinable  performance  goals  selected  by the  Committee  that  apply to an
individual  or group of  individuals,  a  business  unit,  or the  Company or an
Affiliate  as a  whole,  over  such  performance  period  as the  Committee  may
designate.  The target Awards for each  individual  will be based on a number of
factors,  including: (i) market competitiveness of the position, (ii) job level,
(iii) base salary  level,  (iv) past  individual  performance,  and (v) expected
contribution to GlobalOptions' future performance and business impact. For those
Awards  intended to be  "performance-based"  within the meaning of Code  Section
162(m),  the  Committee  shall also  establish  for each  participant  who is an
executive  officer a maximum Award that may be paid for the calendar year, which
will remain fixed for the entire year.  The maximum  performance  award that any
participant  may be granted in any calendar  year under the Plan is  $4,000,000,
comprised  of the cash  portion  of the Award and the Fair  Market  Value of the
Common Stock as of the date of the grant of the Award. For Awards intended to be
"performance-based  compensation,"  the grant of the performance  awards and the
establishment  of the  performance  measures  shall be made  during  the  period
required under Code Section 162(m).

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      The  performance  goals  shall be  based  on one or more of the  following
criteria:  EBITDA, stock price,  earnings per share, net earnings,  operating or
other  earnings,  profits,  revenues,  net cash flow,  financial  return ratios,
return on assets, stockholder return, return on equity, growth in assets, market
share or strategic business criteria  consisting of one or more objectives based
on  meeting  specified  revenue  goals,  market  penetration  goals,  geographic
business  expansion  goals  or  goals  relating  to  acquisitions  or  strategic
partnerships.  "EBITDA" means earnings before interest,  taxes, depreciation and
amortization.  At any time prior to the final  determination  of the performance
awards,   the  Committee  may  adjust  the  performance  goals  and  awards  for
participants  who are not executive  officers,  to reflect  changes in corporate
capitalization,  changes  in  corporate  transactions,  the  occurrence  of  any
extraordinary event, any change in accounting rules or principles, any change in
GlobalOptions' method of accounting,  any change in applicable law, or any other
change of similar nature.  With respect to executive officers where the award is
intended to be  "performance  based" within the meaning of Code Section  162(m),
such  adjustments  may be made to the extent  the  Committee  deems  appropriate
considering  the  requirements  of Code Section  162(m).  Upon  completion  of a
performance  period, the Committee shall determine whether the performance goals
have been met prior to paying or vesting any award for any year,  the  Committee
must certify in writing (to the extent required by any IRS regulation)  that the
performance  goals were  satisfied.  Approved  minutes of the Committee  will be
treated as the required written certification.  All cash amounts payable will be
paid as soon as practicable after certification by the Committee,  but not later
than March 15th of the year  following  the calendar year within which the award
is earned unless payment by such date is administratively impracticable.

      (e) OTHER  STOCK-BASED  AWARDS.  The Committee may from time to time grant
other stock-based awards to eligible participants in such amounts, on such terms
and conditions,  and for such consideration,  including no consideration or such
minimum  consideration as may be required by law, as it shall  determine.  Other
stock-based  awards  may be  denominated  in  cash,  in  Common  Stock  or other
securities,   in  stock-equivalent   units,  in  stock  appreciation  units,  in
securities or debentures convertible into Common Stock, or in any combination of
the foregoing and may be paid in Common Stock or other  securities,  in cash, or
in a combination of Common Stock or other securities and cash, all as determined
in the sole discretion of the Committee.

7.    MISCELLANEOUS

      (a)   WITHHOLDING  OF TAXES.  Grantees  and holders of Awards shall pay to
the Company or any of its  Affiliates,  or make  provision  satisfactory  to the
Committee  for payment  of, any taxes to be withheld in respect of Awards  under
the Plan no later than the date of the event  creating  the tax  liability.  The
Company or any of its Affiliates may, to the extent permitted by law, deduct any
such tax  obligations  from any payment of any kind otherwise due to the grantee
or holder of an Award.  In the event that  payment to the  Company or any of its
Affiliates  of such tax  obligations  is made in shares of  Common  Stock,  such
shares  shall be valued at Fair  Market  Value on the  applicable  date for such
purposes.

      (b)   TRANSFERABILITY.  Unless otherwise  permitted by the Committee or as
otherwise  may be  required  by law,  no Award  granted  under the Plan shall be
transferable  by a grantee  otherwise  than by will or the laws of  descent  and
distribution.  Unless  otherwise  determined by the Committee in accord with the
provisions  of the  immediately  preceding  sentence,  an Award may be exercised

                                       9

during the  lifetime of the grantee,  only by the grantee or,  during the period
the  grantee is under a legal  disability,  by the  grantee's  guardian or legal
representative. Any attempt to transfer, assign, pledge or otherwise dispose of,
or to subject to execution, attachment or similar process, any Award contrary to
the provisions  hereof shall be void and  ineffective and shall give no right to
the purported transferee.

      (c)   ADJUSTMENTS FOR CORPORATE TRANSACTIONS AND OTHER EVENTS.

      (1)   STOCK DIVIDEND, STOCK SPLIT AND REVERSE STOCK SPLIT. In the event of
            a  stock  dividend  of,  or  stock  split  or  reverse  stock  split
            affecting,  the Common  Stock,  (A) the maximum  number of shares of
            such Common Stock as to which Awards may be granted under this Plan,
            in the  aggregate  and with  respect  to any type of Award,  and the
            maximum number of shares with respect to which Awards may be granted
            during any one  calendar  year to any  individual,  as  provided  in
            Section 4 of the Plan and (B) the  number of shares  covered  by and
            the exercise  price and other terms of  outstanding  Awards,  shall,
            without  further  action of the Board,  be adjusted to reflect  such
            event unless the Board, in its sole discretion,  determines,  at the
            time it approves such stock  dividend,  stock split or reverse stock
            split,  that no such adjustment shall be made with respect to any or
            all particular  Awards.  The Committee may make adjustments,  in its
            discretion,  to  address  the  treatment  of  fractional  shares and
            fractional cents that arise with respect to outstanding  Awards as a
            result of the stock  dividend,  stock split or reverse  stock split.
            Additionally, the Committee will, to the extent feasible, make other
            appropriate  adjustments  in order to ensure that Awards will not be
            deemed  modified  within the meaning of Section  424(h) of the Code.
            The adjustments  described above will be made in a manner consistent
            with Section 162(m) and Section 409A of the Code.

      (2)   NON-CHANGE  IN  CONTROL  TRANSACTIONS.  Except  with  respect to the
            transactions  set  forth in  Section  7(c)(1),  and  subject  to the
            limitations  of Sections  6(a)(2) and  6(b)(2),  in the event of any
            change   affecting   the   Common   Stock,   the   Company   or  its
            capitalization,   by  reason  of  a  spin-off,  split-up,  dividend,
            recapitalization,  merger,  consolidation  or share exchange,  other
            than any such change that is part of a  transaction  resulting  in a
            Change in Control of the Company,  the Committee,  in its discretion
            and without  the consent of the holders of the Awards,  may make (A)
            appropriate  adjustments  to the  maximum  number and kind of shares
            reserved for issuance or with respect to which Awards may be granted
            under the Plan, in the aggregate, with respect to any type of Award,
            and with respect to any individual  during any one calendar year, as
            provided  in  Section  4 of the  Plan;  and (B) any  adjustments  in
            outstanding  Awards,  including  but not  limited to  modifying  the
            number,  kind and  price  of  securities  subject  to  Awards.  Each
            participant's  proportionate  interest  will be maintained as it was
            immediately  before  the  occurrence  of the  abovementioned  event.
            Additionally, the Committee will, to the extent feasible, make other
            appropriate  adjustments  in order to ensure that Awards will not be
            deemed  modified  within the meaning of Section  424(h) of the Code.
            The adjustments  described above will be made in a manner consistent
            with Section 162(m) and Section 409A of the Code.

                                       10

      (3)   CHANGE IN CONTROL  TRANSACTIONS.  Upon the occurrence of a Change in
            Control, the Committee may accelerate the vesting and exercisability
            of  outstanding  Awards,  in whole or in part,  as determined by the
            Committee  in its  sole  discretion.  In its  sole  discretion,  the
            Committee may also determine  that,  upon the occurrence of a Change
            in  Control,   each  outstanding  Award  shall  terminate  within  a
            specified number of days after notice to the participant thereunder,
            and in the case of an Option and other Awards that are payable in or
            convertible into Common Stock,  each such participant shall receive,
            with respect to each share of Common Stock subject to such Option or
            other Awards that are payable in or  convertible  into Common Stock,
            an  amount  equal to the  excess  of the Fair  Market  Value of such
            shares immediately prior to such Change in Control over the exercise
            price per share of such  Option or other  Awards that are payable in
            or  convertible  into Common Stock;  such amount shall be payable in
            cash, in one or more kinds of property  (including the property,  if
            any,  payable in the transaction) or a combination  thereof,  as the
            Committee shall determine in its sole discretion.

      (4)   UNUSUAL OR NONRECURRING EVENTS. The Committee is authorized to make,
            in its discretion and without the consent of holders of Awards,  and
            subject  to  the  limitations  of  Sections   6(a)(2)  and  6(b)(2),
            adjustments  in the  terms  and  conditions  of,  and  the  criteria
            included in, Awards in recognition of unusual or nonrecurring events
            affecting the Company, or the financial statements of the Company or
            any Affiliate,  or of changes in applicable  laws,  regulations,  or
            accounting  principles,  whenever the Committee determines that such
            adjustments  are  appropriate  in  order  to  prevent   dilution  or
            enlargement  of the  benefits or potential  benefits  intended to be
            made available under the Plan.

      (d)   SUBSTITUTION  OF AWARDS IN MERGERS AND  ACQUISITIONS.  Awards may be
granted  under the Plan from time to time in  substitution  for  awards  held by
employees,  officers,  consultants  or  directors  of entities who become or are
about to become employees,  officers, consultants or directors of the Company or
any  of its  Affiliates  as the  result  of a  merger  or  consolidation  of the
employing  entity with the Company or any of its Affiliates,  or the acquisition
by the Company or any of its  Affiliates of the assets or stock of the employing
entity.  The terms and conditions of any  substitute  Awards so granted may vary
from the terms and  conditions set forth herein to the extent that the Committee
deems  appropriate at the time of grant to conform the substitute  Awards to the
provisions of the awards for which they are substituted.

      (e)   TERMINATION,  AMENDMENT AND  MODIFICATION OF THE PLAN. The Board may
amend,  suspend,  or terminate the Plan,  except that no amendment shall be made
that  would  impair the rights of any  participant  under any Award  theretofore
granted without the participant's consent, and except that no amendment shall be
made which, without the approval of the stockholders of the Company, would:

      (1)   materially  increase  the number of shares that may be issued  under
            the Plan, except as is provided in Section 7(c);

      (2)   materially  increase the benefits accruing to the participants under
            the Plan;

                                       11

      (3)   materially   modify  the   requirements   as  to   eligibility   for
            participation in the Plan;

      (4)   decrease  the  exercise  price of an option to less than 100% of the
            Fair  Market  Value per  share of Common  Stock on the date of grant
            thereof; or

      (5)   extend the term of any option beyond that provided for in Section 6.

            The Committee may amend the terms of any Award theretofore  granted,
prospectively or retroactively, but no such amendment shall impair the rights of
any participant without the participant's consent.

            It is the intention of the Board that the Plan comply  strictly with
the  provisions  of Code Section 409A to the extent  feasible and the  Committee
shall  exercise its  discretion in granting  Awards  hereunder (and the terms of
such Award grants),  accordingly.  The Plan and any grant of an Award  hereunder
may be amended from time to time without the consent of the  participant  as may
be necessary or appropriate to comply with the Code Section 409A.

      (f)   NON-GUARANTEE  OF EMPLOYMENT  OR SERVICE.  Nothing in the Plan or in
any Grant  Agreement  thereunder  shall  confer  any right on an  individual  to
continue in the service of the  Company or shall  interfere  in any way with the
right of the Company to terminate such service at any time with or without cause
or notice and whether or not such termination  results in (1) the failure of any
Award to vest;  (2) the  forfeiture  of any  unvested  or vested  portion of any
Award;  and/or (3) any other adverse effect on the individual's  interests under
the Plan.

      (g)   SPECIAL RULES FOR OPTIONS AND STOCK APPRECIATION RIGHTS.

      (1)   TERMINATION BY DEATH. Unless otherwise  determined by the Committee,
            if any  participant's  employment  with or service to the Company or
            any Affiliate  terminates by reason of death, any Option or SAR held
            by such participant may thereafter be exercised,  to the extent then
            exercisable  (or on such  accelerated  basis as the Committee  shall
            determine at or after  grant),  by the legal  representative  of the
            estate or by the  legatee of the  participant  under the will of the
            participant,  for a period of one year  after the date of such death
            or until the  expiration of the stated term of such Option or SAR as
            provided under the Plan, whichever period is shorter.

      (2)   TERMINATION BY REASON OF DISABILITY.  Unless otherwise determined by
            the Committee,  if any  participant's  employment with or service to
            the  Company  or any  Affiliate  terminates  by  reason of total and
            permanent disability (the failure to perform such person's duties to
            the  Company  for  at  least  ninety  (90)  days,   whether  or  not
            consecutive,  within any twelve (12) consecutive  months as a result
            of  any   incapacity   due  to   physical  or  mental   illness,   a
            "Disability"),  any  Option  or SAR  held  by such  participant  may
            thereafter be  exercised,  to the extent it was  exercisable  at the
            time of termination due to Disability (or on such accelerated  basis
            as the Committee shall determine at or after grant),  but may not be
            exercised  after  90 days  after  the  date of such  termination  of
            employment  or service or the  expiration of the stated term of such
            Option or SAR, whichever period is shorter; PROVIDED, HOWEVER, that,
            if the participant  dies within such 90-day period,  any unexercised
            Option  or  SAR  held  by  such  participant   shall  thereafter  be

                                       12

            exercisable to the extent to which it was exercisable at the time of
            death for a period of one year  after the date of such  death or for
            the stated term of such Option or SAR, whichever period is shorter.

      (3)   TERMINATION BY REASON OF RETIREMENT.  Unless otherwise determined by
            the Committee,  if any  participant's  employment with or service to
            the Company or any Affiliate terminates by reason of Normal or Early
            Retirement (as such terms are defined below), any Option or SAR held
            by such participant may thereafter be exercised to the extent it was
            exercisable  at the time of such Normal or Early  Retirement  (or on
            such accelerated  basis as the Committee shall determine at or after
            grant),  for a period of 90 days after the date of such  termination
            of employment or service or until the  expiration of the stated term
            of such Award, whichever period is shorter; provided, however, that,
            if the participant  dies within such 90-day period,  any unexercised
            Option  or  SAR  held  by  such  participant   shall  thereafter  be
            exercisable,  to the extent to which it was  exercisable at the time
            of death,  for a period of one year  after the date of such death or
            for the  stated  term of such  Option  or SAR,  whichever  period is
            shorter.

            For purposes of this paragraph (i), "Normal  Retirement"  shall mean
            retirement from active  employment with the Company or any Affiliate
            on or after the normal  retirement  date specified in the applicable
            Company or Affiliate  pension plan or if no such pension plan exists
            or applies,  age 65, and "Early  Retirement"  shall mean  retirement
            from active  employment  with the Company or any Affiliate under the
            early retirement  provisions of the applicable  Company or Affiliate
            pension plan or if no such pension plan exists or applies, age 55.

      (h)   OTHER  TERMINATION.  Unless  otherwise  determined by the Committee,
should  any  Participant's  employment  with or  service  to the  Company or any
Affiliate  terminate  for any reason other than death,  Disability  or Normal or
Early Retirement,  the Award shall thereupon terminate,  except that the portion
of any Award that was exercisable on the date of such  termination of employment
or  service  may be  exercised  for the  lesser  of 90 days  after  the  date of
termination or the balance of such Award's term if the Participant's  employment
or service  with the Company or any  Affiliate is  terminated  by the Company or
such Affiliate  without cause (the  determination as to whether  termination was
for cause to be made by the Committee).  The transfer of a Participant  from the
employ of or service to the Company to the employ of or service to an Affiliate,
or vice  versa,  or from one  Affiliate  to  another,  shall  not be  deemed  to
constitute a termination of employment or service for purposes of the Plan.

      (i)   NO TRUST OR FUND  CREATED.  Neither  the  Plan nor any  Award  shall
create  or be  construed  to  create a trust or  separate  fund of any kind or a
fiduciary relationship between the Company and a grantee or any other person. To
the extent that any grantee or other person acquires a right to receive payments
from the Company  pursuant to an Award,  such right shall be no greater than the
right of any unsecured general creditor of the Company.

      (j)   PUBLIC OFFERING.  As a condition of participation in this Plan, each
participant   shall  be  obligated  to  cooperate   with  the  Company  and  the
underwriters in connection with any public offering of the Company's  securities

                                       13

and any  transaction  s relating  to a public  offering,  and shall  execute and
deliver any agreements and documents,  including without  limitation,  a lock-up
agreement,  that  may be  requested  by the  Company  or the  underwriters.  The
participant's  obligations  under this  Section  7(j) shall  apply to any Common
Stock  issued under the Plan as well as to any and all other  securities  of the
Company or its  successor  for which Common Stock may be exchanged or into which
Common Stock may be converted.

      (k)   GOVERNING LAW. The validity, construction and effect of the Plan, of
Grant  Agreements  entered  into  pursuant  to  the  Plan,  and  of  any  rules,
regulations,  determinations or decisions made by the Committee  relating to the
Plan or such Grant  Agreements,  and the rights of any and all persons having or
claiming  to  have  any  interest  herein  or  hereunder,  shall  be  determined
exclusively in accordance with applicable federal laws and the laws of the State
of New York, without regard to its conflict of laws principles.

      (l)   EFFECTIVE DATE;  TERMINATION DATE. The Plan was adopted by the Board
on October  17,  2006,  subject to approval  by the  GlobalOptions  stockholders
within  twelve  (12)  months.  The  Plan  shall be  effective  as of the date of
approval of GlobalOptions'  stockholders (the "EFFECTIVE  DATE"). No Award shall
be granted under the Plan after the tenth  anniversary  of the  Effective  Date.
Subject to other  applicable  provisions of the Plan,  all Awards made under the
Plan prior to such  termination  of the Plan shall  remain in effect  until such
Awards have been  satisfied or terminated  in  accordance  with the Plan and the
terms of such Awards.

      (m)   COMPLIANCE WITH SECURITIES LAWS; LISTING AND REGISTRATION. If at any
time the Committee  determines  that the delivery of Common Stock under the Plan
is or may be unlawful under the laws of any applicable jurisdiction, or federal,
state or foreign  securities  laws,  the right to  exercise  an Award or receive
shares  of  Common  Stock  pursuant  to an Award  shall be  suspended  until the
Committee  determines  that such  delivery is lawful.  The Company shall have no
obligation to effect any registration or qualification of the Common Stock under
federal,  state or foreign  laws.  Awards under the Plan are intended to satisfy
the  requirements of Rule 16b-3 under the Exchange Act. If any provision of this
Plan or any grant of an Award would  otherwise  conflict with this intent,  that
provision will be interpreted and deemed amended so as to avoid conflict. Unless
the  Company  has  registered  the  Common  Stock  covered by the Plan under the
Securities Act of 1933, as amended (the  "SECURITIES  ACT"),  or the Company has
determined  that  registering  the  Common  Stock  covered by the Plan under the
Securities  Act is  unnecessary,  the Company may require that each  Participant
represent in writing that he is acquiring  the shares of Common Stock covered by
the Plan for his own account and investment purposes, and not with a view to, or
for sale in  connection  with,  the  distribution  of the shares of Common Stock
covered by the Plan.  No  Participant  will be  entitled  to a grant,  exercise,
transfer  or payment of any Award if the grant,  exercise,  transfer  or payment
would  violate the  provisions  of the  Sarbanes-Oxley  Act of 2002 or any other
applicable law.

      (n)   NO LIEN OR SECURITY  INTEREST.  No Award and no right under any such
Award, may be pledged,  attached or otherwise  encumbered other than in favor of
GlobalOptions,  and any purported  pledge,  attachment,  or encumbrance  thereof
other than in favor of  GlobalOptions  shall be void and  unenforceable  against
GlobalOptions or any Affiliate.

                                       14

      (o)   SEVERABILITY.  If  any  provision  of  the  Plan  or  any  Award  is
determined  to be  invalid,  illegal  or  unenforceable,  or as to any Person or
Award,  or would  disqualify  the Plan or any  Award,  such  provision  shall be
construed or deemed  amended to conform to applicable  laws, or, if it cannot be
so construed or deemed amended without,  in the  determination of the Committee,
materially altering the intent of the Plan or the Award, such provision shall be
stricken as to such Person or Award,  and the remainder of the Plan and any such
Award shall remain in full force and effect.

      (p)   FRACTIONAL  SHARES.  No  fractional  shares of Common Stock shall be
issued or delivered  pursuant to the Plan or any Award,  and the Committee shall
determine  whether cash,  other  securities or other  property  shall be paid or
transferred in lieu of any fractional  shares, or whether such fractional shares
or any rights thereto shall be canceled, terminated or otherwise eliminated.

      (q)   SHARE  CERTIFICATES.  All  certificates  for shares of Common  Stock
delivered under the Plan pursuant to any Award or the exercise  thereof shall be
subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the Plan or the rules,  regulations and other  requirements
of the  Securities and Exchange  Commission,  any stock exchange upon which such
shares are then listed, and any applicable Federal or state securities laws, and
the Committee  may cause a legend or legends to be put on any such  certificates
to make  appropriate  reference  to such  restrictions.  To the extent  that the
Committee  provides for the issuance of Common Stock or restricted stock awards,
the issuance may be affected on a non-certificated  basis, subject to applicable
law or the applicable rules of any applicable stock exchange.

      (r)   TREATMENT  FOR  OTHER  COMPENSATION  PURPOSES.  Payments  and  other
benefits received by a participant pursuant to an Award shall not be deemed part
of  a  participant's  regular,   recurring  compensation  for  purposes  of  any
termination,  indemnity or severance  pay laws and shall not be included in, nor
have any effect on,  the  determination  of  benefits  under any other  employee
benefit plan,  contract or similar arrangement  provided by the Company,  unless
expressly so provided by such other plan, contract or arrangement.

      (s)   CODE SECTION 83(B)  ELECTIONS.  The Company,  its Affiliates and the
Committee have no  responsibility  for any  participant's  election,  attempt to
elect or failure to elect to include  the value of a  restricted  stock Award or
other Award subject to Section 83 in the participant's gross income for the year
of payment  pursuant to Section 83(b) of the Code. Any  participant who makes an
election  pursuant to Section 83(b) will promptly  provide the Committee  with a
copy of the election form.

      (t)   NO OBLIGATION TO EXERCISE  AWARDS;  NO RIGHT TO NOTICE OF EXPIRATION
DATE.  The grant of an Award of a stock option or SAR will impose no  obligation
upon the participant to exercise the Award. The Company,  its Affiliates and the
Committee  have no obligation  to inform a participant  of the date on which any
Award lapses except in the Grant Agreement.

      (u)   RIGHT TO OFFSET.  Notwithstanding  any provisions of the Plan to the
contrary, the Company may offset any amounts to be paid to a participant (or, in
the event of the  participant's  death,  to his beneficiary or estate) under the

                                       15

Plan against any amounts that such  participant  may owe to the Company,  to the
extent permitted by law.

      (v)   FURNISHING  INFORMATION.  A  participant  will  cooperate  with  the
Committee by furnishing any and all  information  requested by the Committee and
take  such  other  actions  as may be  requested  in  order  to  facilitate  the
administration of the Plan and the payments of benefits hereunder, including but
not limited to taking  such  physical  examinations  as the  Committee  may deem
necessary.

      (w)   CONSTRUCTION.  Except where otherwise indicated by the context,  any
masculine  term used herein  will also  include  the  feminine;  the plural will
include the singular and the singular will include the plural.

      (x)   EFFECT ON OTHER PLANS.  All awards  granted under the Company's 2006
Stock Option Plan and the 2005 Stock  Option Plan shall  continue to be governed
under such plans. All remaining  shares  reserved,  but unissued with respect to
any awards under the Company's 2006 Stock Option Plan and 2005 Stock Option Plan
are  hereby  unreserved  and no new  awards  shall  be  issued  pursuant  to the
Company's 2006 Stock Option Plan or 2005 Stock Option Plan.

                                       16sec document

                                                                    Exhibit 10.2

                            GLOBALOPTIONS GROUP, INC.

                        2006 EMPLOYEE STOCK PURCHASE PLAN

            1.    PURPOSE.  The  GlobalOptions  Group,  Inc. 2006 Employee Stock
Purchase  Plan (the "Plan") is intended to provide an incentive for employees of
GlobalOptions  Group, Inc. (the "Company") and its  participating  subsidiaries.
The Plan  permits  such  employees  to acquire  or  increase  their  proprietary
interests  in the Company  through the purchase of shares of Common Stock of the
Company,  thereby creating a greater community of interest between the Company's
stockholders and its employees.  The Plan is intended to qualify as an "Employee
Stock Purchase Plan" under Sections 421 and 423 of the Internal  Revenue Code of
1986, as amended (the "Code"). The provisions of the Plan will be construed in a
manner  consistent  with the  requirements  of such sections of the Code and the
regulations issued thereunder.

            2.    DEFINITIONS. As used in this Plan,

            (a)   "Account"  means  each  separate  account   maintained  for  a
Participant  under  the  Plan,  collectively  or  individually  as  the  context
requires, to which the amount of the Participant's payroll deductions authorized
under Section 6 and purchases of Common Stock under Section 8 shall be credited,
and any  distributions of shares of Common Stock under Section 9 and withdrawals
under Section 10 shall be charged.

            (b)   "Base  Pay"  means  the  base  salary  paid  to  an  employee,
including commissions,  payments for overtime and shift differentials,  bonuses,
vacation pay and holiday pay. Base Pay shall exclude incentive compensation, and
other special payments, fees, fringes,  allowances or extraordinary compensation
not specifically listed in the preceding sentence.

            (c)   "Benefits   Representative"   means  the   employee   benefits
department  of the  Company  or any such  other  person,  regardless  of whether
employed by an  Employer,  who has been  formally,  or by operation or practice,
designated  by the  Committee  to  assist  the  Committee  with  the  day-to-day
administration of the Plan.

            (d)   "Board" means the Board of Directors of the Company.

            (e)   "Code"  means  the  Internal  Revenue  Code  of  1986,  or any
successor thereto, as amended and in effect from time to time.  Reference in the
Plan to any  Section of the Code shall be deemed to include  any  amendments  or
successor provisions to any Section and any treasury regulations thereunder.

            (f)   "Committee" means the Compensation Committee of the Board. The
Board  shall  have the  power to fill  vacancies  on the  Committee  arising  by
resignation, death, removal or otherwise. The Board, in its sole discretion, may
bifurcate  the  powers and duties of the  Committee  among one or more  separate
Committees, or retain all powers and duties of the Committee in a single

Committee. The members of the Committee shall serve at the discretion of the
Board.

            (g)   "Common Stock" or "Stock" means the common stock, $.001 par
value per share, of the Company.

            (h)   "Company" means GlobalOptions Group, Inc., a Delaware
corporation, and any successor thereto.

            (i)   "Disability" means any complete and permanent disability as
defined in Section 22(e)(3) of the Code.

            (j)   "Effective Date" means October 17, 2006, the inception date of
the Plan.

            (k)   "Employee" means any employee who is currently in Employment
with an Employer.

            (l)   "Employer"  means the  Company,  its  successors,  any  future
parent (as  defined in  Section  424(e) of the Code) and each  current or future
Subsidiary  which  has  been  designated  by the  Board  or the  Committee  as a
participating employer in the Plan.

            (m)   "Employment" means employment as an employee or officer by the
Company or a Subsidiary as designated in such entity's payroll records, or by
any corporation issuing or assuming rights or obligations under the Plan in any
transaction described in Section 424(a) of the Code or by a parent corporation
or a subsidiary corporation of such corporation. In this regard, neither the
transfer of a Participant from Employment by the Company to Employment by a
Subsidiary, nor the transfer of a Participant from Employment by a Subsidiary to
Employment by the Company, shall be deemed to be a termination of Employment of
the Participant. Moreover, the Employment of a Participant shall not be deemed
to have been terminated because of absence from active Employment on account of
temporary illness or during authorized vacation, temporary leaves of absence
from active Employment granted by theCompany or a Subsidiary for reasons of
professional advancement, education, health, or government service, or during
military leave for any period if the Participant returns to active Employment
within 90 days after the termination of military leave, or during any period
required to be treated as a leave of absence which, by virtue of any valid law
or agreement, does not result in a termination of Employment.

      Any worker treated as an independent contractor by the Employer who is
later re-classified as a common-law employee shall not be in Employment during
any period in which such worker was treated by the Employer as an independent
contractor. Any "leased employee," as described in Section 414(n) of the Code,
shall not be deemed an Employee hereunder.

            (n)   "Entry Date" means the first day of each Calendar month.

            (o)   "Market  Price"  means,  subject  to the next  paragraph,  the
market value of a share of Stock on any date,  which shall be  determined as (i)
the closing sales price on the immediately  preceding business day of a share of
Stock as reported on the New York Stock Exchange or other  principal  securities
exchange on which shares of Stock are then listed or admitted to trading or (ii)
if not so reported, the average of the highest and lowest sales prices for a

share of Stock on the immediately preceding business day as quoted on the
National Association of Securities Dealers Automated Quotation System ("NASDAQ")
or any successor system then in use, or (iii) if not quoted on NASDAQ, the
average of the closing bid and asked prices for a share of Stock as quoted by
the Pink Sheets, LLC's "Pink Sheets" or the National Association of Securities
Dealers' OTC Bulletin Board System. If the price of a share of Stock shall not
be so reported pursuant to the previous sentence, the fair market value of a
share of Stock shall be determined by the Committee in its discretion provided
that such method is appropriate for purposes of an employee stock purchase plan
under Section 423 of the Code.

      Notwithstanding the previous paragraph of this definition, the Market
Price of a share of Stock solely for purposes of determining the option price on
the first or last day of the Calendar month in accordance with Section 7(b)
shall be based on the Market Price on the first or last day of the Calendar
month, as applicable, and not on the immediately preceding business day. For
example, if the Stock is traded on the New York Stock Exchange, when determining
the option price under Section 7(b) at which shares of Stock are purchased, the
Market Price for determining this option price shall be based on the lower of
(i) the closing sales price of a share of Stock on the first business day of the
Calendar month or (ii) the closing sales price of a share of Stock on the last
business day of the Calendar month.

            (p)   "Participant" means any Employee who meets the eligibility
requirements of Section 3 and who has elected to and is participating in the
Plan.

            (q)   "Plan" means the GlobalOptions Group, Inc. 2006 Employee Stock
Purchase Plan, as set forth herein, and all amendments hereto.

            (r)   "Stock" means the Common Stock (as defined above).

            (s)   "Subsidiary" means any domestic or foreign corporation (other
than the Company) (i) which, pursuant to Section 424(f) of the Code, is included
in an unbroken chain of corporations beginning with the Company if, at the time
of the granting of the option, each of the corporations other than the last
corporation in the unbroken chain owns stock possessing fifty percent (50%) or
more of the total combined voting power of all classes of capital stock in one
of the other corporations in such chain and (ii) which has been designated by
the Board or the Committee as a corporation whose Employees are eligible to
participate in the Plan.

            3.    ELIGIBILITY.

            (a)   ELIGIBILITY REQUIREMENTS. Participation in the Plan is
voluntary. Each Employee who has completed at least six (6) consecutive months
of continuous Employment with an Employer (calculated from his last date of hire
to the termination of his Employment for any reason) shall be eligible to
participate in the Plan on the first day of the payroll period commencing on or
after the Effective Date or, if later, the Entry Date on which the Employee
satisfies the aforementioned eligibility requirements. Each Employee whose
Employment terminates and who is rehired by an Employer shall be treated as a
new Employee for eligibility purposes under the Plan, provided, however, that if
an Employee is rehired by an Employer prior to the expiration of three months

following his or her termination, such Employee shall not be a new Employee for
eligibility purposes under the Plan.

            (b)   LIMITATIONS ON ELIGIBILITY. Any provision of the Plan to the
contrary notwithstanding, no Employee shall be granted an option under the Plan:

                  (i) if,  immediately  after the grant,  the Employee would own
      stock, and/or hold outstanding options to purchase stock,  possessing five
      percent  (5%) or more of the total  combined  voting power or value of all
      classes of stock of the Company or of any Subsidiary;

                  (ii) which  permits the Employee's  rights to  purchase  stock
      under this Plan and all other  employee  stock  purchase plans (within the
      meaning of Section 423 of the Code) of the Company and its Subsidiaries to
      accrue at a rate which  exceeds  $25,000 of the fair  market  value of the
      stock (determined at the time such option is granted) for each fiscal year
      in which such option is  outstanding  at any time,  all as  determined  in
      accordance with Section 423(b)(8) of the Code;

                  (iii) if the  Employee's  customary  Employment is 20 hours or
      less per week; or

                  (iv)  if the  Employee is  employed  for less than 5 months in
      a calendar year.

For purposes of Section 3(b)(i) above, pursuant to Section 424(d) of the Code,
(i) the Employee with respect to whom such limitation is being determined shall
be considered as owning the stock owned, directly or indirectly, by or for his
brothers and sisters (whether by the whole or half blood), spouse, ancestors,
and lineal descendants; and (ii) stock owned, directly or indirectly, by or for
a corporation, partnership, estate, or trust, shall be considered as being owned
proportionately by or for its shareholders, partners, or beneficiaries. In
addition, for purposes of Section 3(b)(ii) above, pursuant to Section 423(b)(8)
of the Code, (i) the right to purchase stock under an option accrues when the
option (or any portion thereof) first becomes exercisable during the calendar
year, (ii) the right to purchase stock under an option accrues at the rate
provided in the option but in no case may such rate exceed $25,000 of fair
market value of such stock (determined at the time such option is granted) for
any one calendar year, and (iii) a right to purchase stock which has accrued
under one option granted pursuant to the Plan may not be carried over to any
other option.

            4.    SHARES SUBJECT TO THE PLAN. The total number of shares of Common
Stock that will be issued upon the exercise of options granted under the Plan
will not exceed Two Million (2,000,000) shares (subject to adjustment as
provided in Section 17), and such shares may be originally issued shares,
treasury shares, reacquired shares, shares bought in the market, or any
combination of the foregoing. If any option which has been granted expires or
terminates for any reason without having been exercised in full, the unpurchased
shares will again become available for purposes of the Plan. Any shares which
are not subject to outstanding options upon the termination of the Plan shall
cease to be subject to the Plan.

            5. PARTICIPATION.

            (a)   Payroll Deduction Authorization. An Employee shall be eligible
to participate in the Plan as of the first Entry Date following such Employee's
satisfaction of the eligibility requirements of Section 3, or, if later, the
first Entry Date following the date on which the Employee's Employer adopted the
Plan. At least 10 days (or such other period as may be prescribed by the
Committee or a Benefits Representative) prior to the first Entry Date as of
which an Employee is eligible to participate in the Plan, the Employee shall
execute and deliver to the Benefits Representative, on the form prescribed for
such purpose, an authorization for payroll deductions which specifies his chosen
rate of payroll deduction contributions pursuant to Section 6, and such other
information as is required to be provided by the Employee on such enrollment
form. The enrollment form shall authorize the Employer to reduce the Employee's
Base Pay by the amount of such authorized contributions. To the extent provided
by the Committee or a Benefits Representative, each Participant shall also be
required to open a stock brokerage account with a brokerage firm which has been
engaged to administer the purchase, holding and sale of Common Stock for
Accounts under the Plan and, as a condition of participation hereunder, the
Participant shall be required to execute any form required by the brokerage firm
to open and maintain such brokerage account.

            (b)   CONTINUING EFFECT OF PAYROLL DEDUCTION AUTHORIZATION. Payroll
deductions for a Participant will commence with the first payroll period
beginning after the Participant's authorization for payroll deductions becomes
effective, and will end with the payroll period that ends when terminated by the
Participant in accordance with Section 6(c) or due to his termination of
Employment in accordance with Section 11. Payroll deductions will also cease
when the Participant is suspended from participation due to a withdrawal of
payroll deductions in accordance with Section 10. When applicable with respect
to Employees who are paid on a hourly wage basis, the authorized payroll
deductions shall be withheld from wages when actually paid following the period
in which the compensatory services were rendered. Only payroll deductions that
are credited to the Participant's Account during the Calendar month shall be
used to purchase Common Stock pursuant to Section 8 regardless of when the work
was performed.

            (c)   EMPLOYMENT AND STOCKHOLDERS RIGHTS. Nothing in the Plan will
confer on a Participant the right to continue in the employ of the Employer or
will limit or restrict the right of the Employer to terminate the Employment of
a Participant at any time with or without cause. A Participant will have no
interest in any Common Stock to be purchased under the Plan or any rights as a
stockholder with respect to such Stock until the Stock has been purchased and
credited to the Participant's Account.

            6.    PAYROLL DEDUCTIONS.

            (a)   PARTICIPANT CONTRIBUTIONS BY PAYROLL DEDUCTIONS. At the time a
Participant files his payroll deduction authorization form, the Participant will
elect to have deductions made from the Participant's Base Pay for each payroll
period such authorization is in effect in whole percentages at the rate of not
less than 1% nor more than 15% of the Participant's Base Pay.

            (b)   NO OTHER PARTICIPANT CONTRIBUTIONS PERMITTED. All payroll
deductions made for a Participant shall be credited to the Participant's Account
under the Plan. A Participant may not make any separate cash payment into such
Account.

            (c)   CHANGES IN PARTICIPANT  CONTRIBUTIONS.  Subject to Sections 10
and 22, a  Participant  may  increase,  decrease,  suspend,  or  resume  payroll
deductions  under the Plan by giving  written  notice to a  designated  Benefits
Representative  at such  time  and in such  form as the  Committee  or  Benefits
Representative  may  prescribe  from  time to  time.  Such  increase,  decrease,
suspension or  resumption  shall be effective as of the first day of the payroll
period  as  soon  as   administratively   practicable   after   receipt  of  the
Participant's  written notice, but not earlier than the first day of the payroll
period of the Calendar month next following receipt and acceptance of such form.
Notwithstanding the previous sentence, a Participant may completely  discontinue
contributions at any time during a Calendar month, effective as of the first day
of the payroll period as soon as administratively  practicable following receipt
of a written  discontinuance notice from the Participant on a form provided by a
designated Benefits Representative. Following a discontinuance of contributions,
a Participant cannot authorize any payroll  contributions to his Account for the
remainder of the Calendar month in which the discontinuance is effective.

            7.    GRANTING OF OPTION TO PURCHASE STOCK.

            (a)   MONTHLY  GRANT  OF  OPTIONS.   For  each  calendar   month,  a
Participant  shall be deemed to have been granted an option to purchase,  on the
first day of the calendar month,  as many whole and fractional  shares as may be
purchased  with the payroll  deductions  (and any cash  dividends as provided in
Section 8) credited to the Participant's Account during the calendar month.

            (b)   OPTION PRICE. The option price of the Common Stock purchased
with the amount credited to the Participant's Account during each calendar month
shall be the lower of:

                  (i) 85% of the  Market  Price of a share of Stock on the first
      day of the calendar month; or

                  (ii)85%  of the  Market  Price of a share of Stock on the last
      day of the calendar month.

      Only the Market Price as of the first day of the Calendar month and the
last day of the Calendar month shall be considered for purposes of determining
the option purchase price; interim fluctuations during the Calendar month shall
not be considered.

            8.    EXERCISE OF OPTION.

            (a)   AUTOMATIC  EXERCISE  OF  OPTIONS.  Unless  a  Participant  has
elected to  withdraw  payroll  deductions  in  accordance  with  Section 10, the
Participant's  option for the  purchase of Common  Stock shall be deemed to have
been  exercised  automatically  as of the last day of the Calendar month for the
purchase of the number of whole and fractional  shares of Common Stock which the
accumulated  payroll  deductions  (and cash  dividends  on the  Common  Stock as
provided  in  Section  8(b)) in the  Participant's  Account  at that  time  will
purchase at the  applicable  option price.  Fractional  shares may not be issued
under the Plan. As of the last day of each Calendar  month,  the balance of each
Participant's Account shall be applied to purchase the number of whole shares of
Stock as determined by dividing the balance of such Participant's  Account as of
such  date  by the  option  price  determined  pursuant  to  Section  7(b).  The
Participant's

Account shall be debited accordingly. Any balance in a Participant's stock
purchase account which was not applied to the purchase of Common Stock because
it was less than the purchase price of a full share shall remain in the
Participant's stock purchase account and be carried over to the succeeding
Calendar month.

            (b)   DIVIDENDS GENERALLY. Cash dividends paid on shares of Common
Stock which have not been delivered to the Participant pending the Participant's
request for delivery pursuant to Section 9(c), shall be combined with the
Participant's payroll deductions and applied to the purchase of Common Stock at
the end of the Calendar month in which the cash dividends are received, subject
to the Participant's withdrawal rights set forth in Section 10. Dividends paid
in the form of shares of Common Stock or other securities with respect to shares
that have been purchased under the Plan, but which have not been delivered to
the Participant, shall be credited to the shares that are credited to the
Participant's Account.

            (c)   PRO-RATA  ALLOCATION OF AVAILABLE  SHARES. If the total number
of shares  to be  purchased  under  options  under the Plan by all  Participants
exceeds the number of shares  authorized under Section 4, a pro-rata  allocation
of the available  shares shall be made among all  Participants  authorizing such
payroll  deductions based on the amount of their respective  payroll  deductions
through the last day of the Calendar month.

            9.    OWNERSHIP AND DELIVERY OF SHARES.

            (a)   BENEFICIAL OWNERSHIP. A Participant shall be the beneficial
owner of the shares of Common Stock purchased under the Plan upon the exercise
of his option and will have all rights of beneficial ownership in such shares.
Any dividends paid with respect to such shares shall be credited to the
Participant's Account and applied as provided in Section 8 until the shares are
delivered to the Participant.

            (b)   REGISTRATION OF STOCK. Stock to be delivered to a Participant
under the Plan shall be registered in the name of the Participant, or if the
Participant so directs by written notice to the designated Benefits
Representative or brokerage firm, if any, prior to the purchase of Stock
hereunder, in the names of the Participant and one such other person as may be
designated by the Participant, as joint tenants with rights of survivorship or
as tenants by the entirety, to the extent permitted by applicable law. Any such
designation shall not apply to shares purchased after a Participant's death by
the Participant's beneficiary or estate, as the case may be, pursuant to Section
11(b). If a brokerage firm is engaged by the Company to administer Accounts
under the Plan, such firm shall provide such account registration forms as are
necessary for each Participant to open and maintain a brokerage account with
such firm.

            (c)   DELIVERY OF STOCK  CERTIFICATES.  The Company,  or a brokerage
firm or other entity selected by the Company,  shall deliver to each Participant
a  certificate  for the  number  of  shares of  Common  Stock  purchased  by the
Participant  hereunder as soon as  practicable  after the close of each Calendar
month. Alternatively,  in the discretion of the Committee, the stock certificate
may be delivered to a designated  stock  brokerage  account  maintained  for the
Participant and held in "street name" in order to facilitate the subsequent sale
of the purchased shares.

            (d)   REGULATORY APPROVAL. In the event the Company is required to
obtain from any commission or agency the authority to issue any stock
certificate hereunder, the Company shall seek to obtain such authority. The
inability of the Company to obtain from any such commission or agency the
authority which counsel for the Company deems necessary for the lawful issuance
of any such certificate shall relieve the Company from liability to any
Participant, except to return to the Participant the amount of his Account
balance used to exercise the option to purchase the affected shares.

            10.   WITHDRAWAL  OF  PAYROLL  DEDUCTIONS.  At  any  time  during  a
Calendar month,  but in no event later than 15 days (or such shorter  prescribed
by the  Committee  or a  Benefits  Representative)  prior to the last day of the
Calendar  month,  a  Participant  may elect to abandon his  election to purchase
Common  Stock  under the Plan.  By  written  notice to the  designated  Benefits
Representative  on a form provided for such purpose,  the  Participant  may thus
elect to withdraw all of the  accumulated  balance in his Account being held for
the  purchase  of  Common  Stock  in  accordance  with  Section  8(b).   Partial
withdrawals  will  not be  permitted.  All  such  amounts  shall  be paid to the
Participant as soon as administratively practical after receipt of his notice of
withdrawal.  After receipt and acceptance of such withdrawal  notice, no further
payroll deductions shall be made from the Participant's Base Pay beginning as of
the next payroll period during the Calendar month in which the withdrawal notice
is received.  The  Committee,  in its  discretion,  may  determine  that amounts
otherwise  withdrawable  hereunder by Participants  shall be offset by an amount
that the  Committee,  in its  discretion,  determines  to be  reasonable to help
defray the administrative costs of effecting the withdrawal,  including, without
limitation,   fees  imposed  by  any  brokerage  firm  which   administers  such
Participant's Account. After a withdrawal, an otherwise eligible Participant may
resume  participation in the Plan as of the first day of the Calendar month next
following  his  delivery of a payroll  deduction  authorization  pursuant to the
procedures prescribed in Section 5(a).

            11.   TERMINATION OF EMPLOYMENT.

            (a)   GENERAL RULE. Upon  termination of a Participant's  Employment
for any reason, his participation in the Plan will immediately terminate.

            (b)   TERMINATION DUE TO RETIREMENT, DEATH OR DISABILITY. If the
Participant's termination of Employment is due to (i) retirement from Employment
on or after his attainment of age 65, (ii) death, or (iii) Disability, the
Participant (or the Participant's personal representative or legal guardian in
the event of Disability, or the Participant's beneficiary (as defined in Section
14) or the administrator of his will or executor of his estate in the event of
death), will have the right to elect, either to:

                  (i)  Withdraw  all of the  cash and  shares  of  Common  Stock
      credited to the Participant's Account as of his termination date; or

                  (ii)Exercise  the  Participant's  option for the  purchase  of
      Common Stock on the last day of the Calendar  month (in which  termination
      of  Employment  occurs) for the purchase of the number of shares of Common
      Stock which the cash balance credited to the  Participant's  Account as of
      the date of the  Participant's  termination of Employment will purchase at
      the applicable option price.

      The Participant (or, if applicable, such other person designated in the
first paragraph of this Section 11(b)) must make such election by giving written
notice to the Benefits Representative at such time and in such manner as
prescribed from time to time by the Committee or Benefits Representative. In the
event that no such written notice of election is received by the Benefits
Representative within 30 days of the Participant's termination of Employment
date, the Participant (or such other designated person) will automatically be
deemed to have elected to withdraw the balance in the Participant's Account as
of the date of the termination of his Employment. Thereafter, any accumulated
cash and shares of Common Stock credited to the Participant's Account as of his
termination of Employment date shall be delivered to or on behalf of the
Participant as soon as administratively practicable.

            (c)   TERMINATION  OTHER THAN FOR  RETIREMENT,  DEATH OR DISABILITY.
Upon  termination  of a  Participant's  Employment  for any  reason  other  than
retirement, death, or Disability pursuant to Section 11(b), the participation of
the  Participant  in  the  Plan  will  immediately  terminate.  Thereafter,  any
accumulated  cash and  shares  of Common  Stock  credited  to the  Participant's
Account as of his  termination  of  Employment  date shall be  delivered  to the
Participant as soon as administratively practicable.

            (d)   REHIRED  EMPLOYEES.  Any Employee whose Employment  terminates
and who is  subsequently  rehired  by an  Employer  shall  be  treated  as a new
Employee for  purposes of  eligibility  to  participate  in the Plan,  except as
stated in Section 3(a).

            12.   INTEREST.  No  interest  shall be paid or allowed on any money
paid into the Plan or credited to the Account of any Participant.

            13.   ADMINISTRATION OF THE PLAN.

            (a)   NO PARTICIPATION IN PLAN BY COMMITTEE MEMBERS.  No options may
be granted under the Plan to any member of the Committee  during the term of his
membership on the Committee.

            (b)   AUTHORITY OF THE COMMITTEE. Subject to the provisions of the
Plan, the Committee shall have the plenary authority to (a) interpret the Plan
and all options granted under the Plan, (b) make such rules as it deems
necessary for the proper administration of the Plan, (c) make all other
determinations necessary or advisable for the administration of the Plan, and
(d) correct any defect or supply any omission or reconcile any inconsistency in
the Plan or in any option granted under the Plan in the manner and to the extent
that the Committee deems advisable. Any action taken or determination made by
the Committee pursuant to this and the other provisions of the Plan shall be
conclusive on all parties. The act or determination of a majority of the
Committee shall be deemed to be the act or determination of the Committee. By
express written direction, or by the day-to-day operation of Plan
administration, the Committee may delegate the authority and responsibility for
the day-to-day administrative or ministerial tasks of the Plan to a Benefits
Representative, including a brokerage firm or other third party engaged for such
purpose.

            (c)   MEETINGS. The Committee shall designate a chairman from among
its members to preside at its meetings, and may designate a secretary, without
regard to whether that person is a member of the Committee, who shall keep the

minutes of the proceedings. Meetings shall be held at such times and places as
shall be determined by the Committee, and the Committee may hold telephonic
meetings. The Committee may take any action otherwise proper under the Plan by
the affirmative vote of a majority of its members taken at a meeting, or by the
affirmative vote of all of its members taken without a meeting. The Committee
may authorize any one or more of their members or any officer of the Company to
execute and deliver documents on behalf of the Committee.

            (d)   DECISIONS  BINDING.  All  determinations and decisions made by
the Committee shall be made in its discretion  pursuant to the provisions of the
Plan, and shall be final,  conclusive  and binding on all persons  including the
Company, Participants, and their estates and beneficiaries.

            (e)   EXPENSES OF COMMITTEE. The Committee may employ legal counsel,
including, without limitation, independent legal counsel and counsel regularly
employed by the Company, consultants and agents as the Committee may deem
appropriate for the administration of the Plan. The Committee may rely upon any
opinion or computation received from any such counsel, consultant or agent. All
expenses incurred by the Committee in interpreting and administering the Plan,
including, without limitation, meeting expenses and professional fees, shall be
paid by the Company.

            (f)   INDEMNIFICATION. Each person who is or was a member of the
Committee shall be indemnified by the Company against and from any damage, loss,
liability, cost and expense that may be imposed upon or reasonably incurred by
him in connection with or resulting from any claim, action, suit, or proceeding
to which he may be a party or in which he may be involved by reason of any
action taken or failure to act under the Plan, except for any such act or
omission constituting willful misconduct or gross negligence. Such person shall
be indemnified by the Company for all amounts paid by him in settlement thereof,
with the Company's approval, or paid by him in satisfaction of any judgment in
any such action, suit, or proceeding against him, provided he shall give the
Company an opportunity, at its own expense, to handle and defend the same before
he undertakes to handle and defend it on his own behalf. The foregoing right of
indemnification shall not be exclusive of any other rights of indemnification to
which such persons may be entitled under the Company's Articles of Incorporation
or By-Laws, as a matter of law, or otherwise, or any power that the Company may
have to indemnify them or hold them harmless.

            14.   DESIGNATION OF BENEFICIARY. At such time, in such manner, and
using such form as shall be prescribed from time to time by the Committee or a
Benefits Representative, a Participant may file a written designation of a
beneficiary who is to receive any Common Stock and/or cash credited to the
Participant's Account at the Participant's death. Such designation of
beneficiary may be changed by the Participant at any time by giving written
notice to the Benefits Representative at such time and in such form as
prescribed. Upon the death of a Participant, and receipt by the Benefits
Representative of proof of the identity at the Participant's death of a
beneficiary validly designated under the Plan, the Benefits Representative will
take appropriate action to ensure delivery of such Common Stock and/or cash to
such beneficiary. In the event of the death of a Participant and the absence of
a beneficiary validly designated under the Plan who is living at the time of
such Participant's death, the Benefits Representative will take appropriate

action to ensure delivery of such Common Stock and/or cash to the executor or
administrator of the estate of the Participant, or if no such executor or
administrator has been appointed (to the knowledge of the Benefits
Representative), the Committee, in its discretion, may direct delivery of such
Common Stock and/or cash to the spouse or to any one or more dependents of the
Participant as the Committee may designate in its discretion. No beneficiary
will, prior to the death of the Participant, acquire any interest in any Common
Stock or cash credited to the Participant's Account.

            15.   TRANSFERABILITY.   No  amounts  credited  to  a  Participant's
Account,  whether  cash or  Common  Stock,  nor any  rights  with  regard to the
exercise  of an option  or to  receive  Common  Stock  under  the  Plan,  may be
assigned,  transferred,  pledged,  or  otherwise  disposed  of in any way by the
Participant other than by will or the laws of descent and distribution. Any such
attempted assignment,  transfer,  pledge, or other disposition shall be void and
without effect.

      Each option shall be exercisable, during the Participant's lifetime, only
by the Employee to whom the option was granted. The Company shall not recognize,
and shall be under no duty to recognize, any assignment or purported assignment
by an Employee of his option or of any rights under his option.

            16.   NO  RIGHTS  OF  STOCKHOLDER  UNTIL  CERTIFICATE  ISSUED.  With
respect to shares of Stock subject to an option, an optionee shall not be deemed
to be a  stockholder,  and the  optionee  shall  not have any of the  rights  or
privileges of a stockholder. An optionee shall have the rights and privileges of
a stockholder  when, but not until, a certificate  for shares has been issued to
the optionee following exercise of his option.

            17.   CHANGES IN THE COMPANY'S  CAPITAL  STRUCTURE.  The Board shall
make or provide for such  adjustments in the maximum number of shares  specified
in  Section 4 and the  number  and  option  price of shares  subject  to options
outstanding  under the Plan as the  Board  shall  determine  is  appropriate  to
prevent  dilution or  enlargement of the rights of  Participants  that otherwise
would result from any stock dividend,  stock split, stock exchange,  combination
of shares,  recapitalization  or other  change in the capital  structure  of the
Company, merger, consolidation,  spin-off of assets, reorganization,  partial or
complete liquidation,  issuance of rights or warrants to purchase securities, or
any other corporate  transaction or event having an effect similar to any of the
foregoing.

      In the event of a merger of one or more corporations into the Company, or
a consolidation of the Company and one or more corporations in which the Company
shall be the surviving corporation, each Participant, at no additional cost,
shall be entitled, upon his payment for all or part of the Common Stock
purchasable by him under the Plan, to receive (subject to any required action by
shareholders) in lieu of the number of shares of Common Stock which he was
entitled to purchase, the number and class of shares of stock or other
securities to which such holder would have been entitled pursuant to the terms
of the agreement of merger or consolidation if, immediately prior to such merger
or consolidation, such holder had been the holder of record of the number of
shares of Common Stock equal to the number of shares purchasable by the
Participant under the Plan.

      If the Company shall not be the surviving corporation in any
reorganization, merger or consolidation (or survives only as a subsidiary of an
entity other than a previously wholly-owned subsidiary of the Company), or if
the Company is to be dissolved or liquidated or the Company sells substantially
all of its assets or stock to another corporation or other entity, then, unless
a surviving corporation assumes or substitutes new options (within the meaning
of Section 424(a) of the Code) for all options then outstanding, (i) the date of
exercise for all options then outstanding shall be accelerated to dates fixed by
the Committee prior to the effective date of such corporate event, (ii) a
Participant may, at his election by written notice to the Company, either (x)
withdraw from the Plan pursuant to Section 10 and receive a refund from the
Company in the amount of the accumulated cash and Stock balance in the
Participant's Account, (y) exercise a portion of his outstanding options as of
such exercise date to purchase shares of Stock, at the option price, to the
extent of the balance in the Participant's Account, or (z) exercise in full his
outstanding options as of such exercise date to purchase shares of Stock, at the
option price, which exercise shall require such Participant to pay the related
option price, and (iii) after such effective date any unexercised option shall
expire. The date the Committee selects for the exercise date under the preceding
sentence shall be deemed to be the exercise date for purposes of computing the
option price per share of Stock. If the Participant elects to exercise all or
any portion of the options, the Company shall deliver to such Participant a
stock certificate issued pursuant to Section 9(c) for the number of shares of
Stock with respect to which such options were exercised and for which such
Participant has paid the option price. If the Participant fails to provide the
notice set forth above within three days after the exercise date selected by the
Committee under this Section 17, the Participant shall be conclusively presumed
to have requested to withdraw from the Plan and receive payment of the
accumulated balance of his Account. The Committee shall take such steps in
connection with such transactions as the Committee shall deem necessary or
appropriate to assure that the provisions of this Section 17 are effectuated for
the benefit of the Participants.

      Except as expressly provided in this Section 17, the issue by the Company
of shares of stock of any class, or securities convertible into shares of stock
of any class, for cash or property, or for labor or services either upon direct
sale or upon the exercise of rights or warrants to subscribe therefor, or upon
conversion of shares or obligations of the Company convertible into such shares
or other securities, shall not affect, and no adjustment by reason thereof shall
be made with respect to, the number or price of shares of Stock then available
for purchase under the Plan.

            18.   PLAN EXPENSES; USE OF FUNDS; NO INTEREST PAID. The expenses of
the Plan shall be paid by the Company  except as  otherwise  provided  herein or
under the  terms and  conditions  of any  agreement  entered  into  between  the
Participant  and any brokerage  firm engaged to administer  Accounts.  All funds
received or held by the Company  under the Plan shall be included in the general
funds of the Company free of any trust or other restriction, and may be used for
any corporate purpose.  No interest shall be paid to any Participant or credited
to his Account under the Plan.

            19.   TERM OF THE  PLAN.  The  Plan  shall  become  effective  as of
October 17,  2006,  subject to  approval  by the holders of the  majority of the
Common  Stock  present  and  represented  at a special or annual  meeting of the
Company's stockholders held on or before 12 months from October 17, 2006.

      Except with respect to options then outstanding, if not terminated sooner
under the provisions of Section 20, no further options shall be granted under
the Plan at the earlier of (i) October 17, 2016, or (ii) the point in time when
no shares of Stock reserved for issuance under Section 4 are available.

            20.   AMENDMENT OR TERMINATION OF THE PLAN. The Board shall have the
plenary authority to terminate or amend the Plan; provided, however, that the
Board shall not, without the approval of the stockholders of the Company, (a)
increase the maximum number of shares which may be issued under the Plan
pursuant to Section 4, (b) amend the requirements as to the class of employees
eligible to purchase Stock under the Plan, or (c) permit the members of the
Committee to purchase Stock under the Plan. No termination, modification, or
amendment of the Plan shall adversely affect the rights of a Participant with
respect to an option previously granted to him without his written consent.

      In addition, to the extent that the Committee determines that, in the
opinion of counsel, (a) the listing for qualification requirements of any
national securities exchange or quotation system on which the Company's Common
Stock is then listed or quoted, or (b) the Code or Treasury regulations issued
thereunder, require stockholder approval in order to maintain compliance with
such listing or qualification requirements or to maintain any favorable tax
advantages or qualifications, then the Plan shall not be amended by the Board in
such respect without first obtaining such required approval of the Company's
stockholders.

            21.   SECURITIES LAWS  RESTRICTIONS ON EXERCISE.  The Committee may,
in its discretion,  require as conditions to the exercise of any option that the
shares of Common Stock  reserved  for  issuance  upon the exercise of the option
shall have been duly listed,  upon  official  notice of  issuance,  upon a stock
exchange, and that either:

            (a)   a Registration Statement under the Securities Act of 1933, as
amended, with respect to said shares shall be effective; or

            (b)   the  participant   shall  have  represented  at  the  time  of
purchase,  in form and  substance  satisfactory  to the Company,  that it is his
intention  to  purchase  the  Stock  for   investment  and  not  for  resale  or
distribution.

            22.   SECTION 16 COMPLIANCE. The Plan, and transactions hereunder by
persons subject to Section 16 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), are intended to comply with all applicable conditions of
Rule 16b-3 or any successor exemption provision promulgated under the Exchange
Act. To the extent that any provision of the Plan or any action by the Committee
or the Board fails, or is deemed to fail, to so comply, such provision or action
shall be null and void but only to the extent permitted by law and deemed
advisable by the Committee in its discretion.

            23.   WITHHOLDING  AND PAYROLL  TAXES.  Notwithstanding  anything in
this Plan to the contrary, whenever an option is exercised pursuant to Section 8
or whenever  shares of Stock that were  received  upon the exercise of an option
granted  under the Plan are  disposed  of, the  Company  shall have the right to
require the Participant to remit to the Company in cash an amount  sufficient to
satisfy federal, state and local withholding and payroll (employment) tax

requirements, if any, attributable to such exercise or disposition prior to
authorizing such exercise or disposition or permitting the delivery of any
certificate or certificates with respect thereto

            24.   NO RESTRICTION ON CORPORATE ACTION. Subject to Section 20,
nothing contained in the Plan shall be construed to prevent the Board or any
Employer from taking any corporate action which is deemed by the Employer to be
appropriate or in its best interest, whether or not such action would have an
adverse effect on the Plan or any option granted under the Plan. No Employee,
beneficiary or other person shall have any claim against any Employer as a
result of any such action.

            25.   USE OF  FUNDS.  The  Employers  shall  promptly  transfer  all
amounts withheld under Section 6 to the Company or to any brokerage firm engaged
to  administer  Accounts,  as directed by the  Company.  All payroll  deductions
received  or held by the  Company  under the Plan may be used by the Company for
any corporate  purpose,  and the Company will not be obligated to segregate such
payroll deductions.

            26.   MISCELLANEOUS.

            (a)   OPTIONS  CARRY  SAME  RIGHTS  AND  PRIVILEGES.  To the  extent
required  to comply  with the  requirements  of  Section  423 of the  Code,  all
Employees granted options under the Plan to purchase Common Stock shall have the
same rights and privileges hereunder.

            (b)   HEADINGS.  Any  headings  or  subheadings  in  this  Plan  are
inserted  for  convenience  of  reference  only  and  are to be  ignored  in the
construction or interpretation of any provisions hereof.

            (c)   GENDER AND TENSE. Any words herein used in the masculine shall
be read and construed in the feminine when appropriate. Words in the singular
shall be read and construed as though in the plural, and vice-versa, when
appropriate.

            (d) GOVERNING LAW. This Plan shall be governed and construed in
accordance with the laws of the State of Delaware to the extent not preempted by
federal law.

            (e)   REGULATORY APPROVALS AND COMPLIANCE.  The Company's obligation
to sell and deliver  Common Stock under the Plan is at all times  subject to all
approvals of and compliance  with the (i)  regulations  of any applicable  stock
exchanges and (ii) any governmental  authorities required in connection with the
authorization,  issuance,  sale or delivery  of such Stock,  as well as federal,
state and foreign securities laws.

            (f)   SEVERABILITY.  In the event  that any  provision  of this Plan
shall be held illegal,  invalid, or unenforceable for any reason, such provision
shall be fully severable,  but shall not affect the remaining  provisions of the
Plan,  and the Plan shall be construed and enforced as if the illegal,  invalid,
or unenforceable provision had not been included herein.

            (g)   REFUND OF CONTRIBUTIONS ON NONCOMPLIANCE WITH TAX LAW. In the
event the Company should receive notice that this Plan fails to qualify as an
"employee stock purchase plan" under Section 423 of the Code, all then-existing

Account balances shall be paid to the Participants and the Plan shall
immediately terminate.

            (h)   NO GUARANTEE OF TAX CONSEQUENCES. The Board, Employer and the
Committee do not make any commitment or guarantee that any tax treatment will
apply or be available to any person participating or eligible to participate in
the Plan, including, without limitation, any tax imposed by the United States or
any state thereof, any estate tax, or any tax imposed by a foreign government.

            (i)   COMPANY AS AGENT FOR THE EMPLOYERS. Each Employer, by adopting
the Plan, appoints the Company and the Board as its agents to exercise on its
behalf all of the powers and authorities hereby conferred upon the Company and
the Board by the terms of the Plan, including, but not by way of limitation, the
power to amend and terminate the Plan.

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