Document:

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights
Agreement (this “Agreement”) is made and entered into as of March 27, 2012, by and among GlobalOptions
Group, Inc., a Delaware corporation (the “Company”), and the several
stockholders signatory hereto (each a “Stockholder” and collectively, the “Stockholders”).

 

This Agreement is made
pursuant to that certain Support Agreement, dated as of this Agreement, between the Company and Genesis Opportunity Fund, L.P.,
a Delaware limited partnership (the “Support Agreement”).

 

NOW, THEREFORE, IN CONSIDERATION
of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the Company and each of the Stockholders agree as follows:

 

1.             Definitions.
Capitalized terms used and not otherwise defined herein that are defined in the Support Agreement shall have the meanings given
such terms in the Support Agreement. As used in this Agreement, the following terms shall have the following meanings:

 

“Advice”
has the meaning set forth in Section 6(c).

 

“Affiliate”
means, with respect to any person, any other person which directly or indirectly controls, is controlled by, or is under common
control with, such person.

 

“Agreement”
has the meaning set forth in the Preamble.

 

“Business
Day” means a day, other than a Saturday or Sunday, on which banks in New York City are open for the general transaction
of business.

 

“Commission”
means the Securities and Exchange Commission.

 

“Common Stock”
means the common stock of the Company, par value $0.001 per share, and any securities into which such common stock may hereinafter
be reclassified.

 

“Company”
has the meaning set forth in the Preamble.

 

“Effective
Date” means the date that the Registration Statement filed pursuant to Section 2(a) is first declared effective
by the Commission.

 

“Effectiveness
Deadline” means, with respect to the Initial Registration Statement or the New Registration Statement, the 150th
calendar day following the date of this Agreement; provided, however, that if the Company is notified by the Commission
that the Initial Registration Statement or the New Registration Statement will not be reviewed or is no longer subject to further
review and comments, the Effectiveness Deadline as to such Registration Statement shall be the 5th Trading Day following
the date on which the Company is so notified if such date precedes the date otherwise required above (unless the Company is required
to update its financial statements prior to requesting acceleration of the Registration Statement, which will require the Company
to file an amendment to such Registration Statement, in which case the Company shall file any necessary amendment to such Registration
Statement and request effectiveness thereof as soon as reasonably practicable and in no event later than the date set forth above);
provided, further, that if the Effectiveness Deadline falls on a Saturday, Sunday or other day that the Commission is closed
for business, the Effectiveness Deadline shall be extended to the next Business Day on which the Commission is open for business.

 

    	 

    	 

    

 

“Effectiveness
Period” has the meaning set forth in Section 2(b).

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Filing Deadline”
means, with respect to the Initial Registration Statement required to be filed pursuant to Section 2(a), on the later of (a) April
20, 2012 or (b) the day which is 21 calendar days following the filing by the Company of its Annual Report on Form 10-K for the
fiscal year ended December 31, 2011, but in no event later than April 30, 2012.

 

“FINRA”
has the meaning set forth in Section 3(i).

 

“Holder”
or “Holders” means the holder or holders, as the case may be, from time to time of Registrable Securities.

 

“Holder Disclosure”
has the meaning set forth in Section 3(a).

 

“Indemnified
Party” has the meaning set forth in Section 5(c).

 

“Indemnifying
Party” has the meaning set forth in Section 5(c).

 

“Initial
Registration Statement” means the initial Registration Statement filed pursuant to Section 2(a) of this Agreement.

 

“Losses”
has the meaning set forth in Section 5(a).

 

“New Registration
Statement” has the meaning set forth in Section 2(a).

 

“OTC Bulletin
Board” means the OTC Bulletin Board electronic quotation medium regulated by the Financial Industry Regulatory Authority,
Inc.

 

“Owned Shares”
has the meaning set forth in the Support Agreement.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Principal
Market” means the Trading Market on which the Common Stock is primarily listed on and quoted for trading, which,
as of the date of this Agreement, shall be the OTC Bulletin Board.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference
in such Prospectus.

 

    	 

    	 

    

 

“Registrable
Securities” means all of the (i) Owned Shares and (ii) any securities issued or issuable upon any stock split, dividend
or other distribution, recapitalization or similar event with respect to the foregoing, provided, that the Holder has completed
and delivered to the Company a Selling Stockholder Questionnaire; and provided, further, that with respect to a particular
Holder, such Holder’s Owned Shares shall cease to be Registrable Securities upon the earliest to occur of the following:
(A) a sale pursuant to a Registration Statement or Rule 144 under the Securities Act (in which case, only such security sold by
the Holder shall cease to be a Registrable Security); or (B) becoming eligible for resale by the Holder under Rule 144 without
the requirement for the Company to be in compliance with the current public information required thereunder and without volume
or manner-of-sale restrictions, pursuant to a written opinion letter to such effect, addressed, delivered and acceptable to the
Company’s transfer agent.

 

“Registration
Statements” means any one or more registration statements of the Company filed under the Securities Act that covers
the resale of any of the Registrable Securities pursuant to the provisions of this Agreement (including without limitation the
Initial Registration Statement, the New Registration Statement and any Remainder Registration Statements), including (in each case)
the amendments and supplements to such Registration Statements, including pre- and post-effective amendments thereto, all exhibits
and all material incorporated by reference or deemed to be incorporated by reference in such Registration Statements.

 

“Remainder
Registration Statement” has the meaning set forth in Section 2(a).

 

“Rule 144”
means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

 

“Rule 415”
means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

 

“Rule 424”
means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

 

“SEC Guidance”
means (i) any publicly-available written or oral guidance, comments, requirements or requests of the Commission staff and (ii)
the Securities Act.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Selling
Stockholder Questionnaire” means a questionnaire in the form attached as Annex B hereto, or such other form
of questionnaire as may reasonably be adopted by the Company from time to time.

 

“Special
Registration Statement” means a registration statement relating to any employee benefit plan on Form S-8 or similar
form or, with respect to any corporate reorganization or other transaction under Rule 145 of the Securities Act, a registration
statement on Form S-4 or similar form.

 

“Stockholder”
or “Stockholders” has the meaning set forth in the Preamble.

 

    	 

    	 

    

 

“Support
Agreement” has the meaning set forth in the Recitals.

 

“Trading
Day” means (i) a day on which the Common Stock is listed or quoted and traded on its Principal Market (other than
the OTC Bulletin Board), or (ii) if the Common Stock is not listed on a Trading Market (other than the OTC Bulletin Board), a day
on which the Common Stock is traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (iii) if the Common
Stock is not quoted on any Trading Market, a day on which the Common Stock is quoted in the over-the-counter market as reported
in an over-the-counter market maintained by OTC Markets Group Inc. (or any similar organization or agency succeeding to its functions
of reporting prices); provided, that in the event that the Common Stock is not listed or quoted as set forth in (i), (ii)
and (iii) hereof, then Trading Day shall mean a Business Day.

 

“Trading
Market” means whichever of the New York Stock Exchange, the NYSE Amex (formerly the American Stock Exchange), the
NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market, OTC Bulletin Board or an over-the-counter market
operated by OTC Markets Group Inc., on which the Common Stock is listed or quoted for trading on the date in question.

 

2.          Registration.

 

(a)          On
or prior to the Filing Deadline, the Company shall prepare and file with the Commission a Registration Statement covering the resale
of all of the Registrable Securities not already covered by an existing and effective Registration Statement for an offering to
be made on a continuous basis pursuant to Rule 415 or, if Rule 415 is not available for offers and sales of the Registrable Securities,
by such other means of distribution of Registrable Securities as the Holders may reasonably specify (the “Initial Registration
Statement”). The Initial Registration Statement shall be on Form S-3 (or such other form available to register for
resale the Registrable Securities as a secondary offering) subject to the provisions of Section 2(d) and shall contain (except
if otherwise required pursuant to written comments received from the Commission upon a review of such Registration Statement) a
“Plan of Distribution” section substantially in the form attached hereto as Annex A (which may be modified to
respond to comments, if any, provided by the Commission). Notwithstanding the registration obligations set forth in this Section
2, in the event the Commission informs the Company that all of the Registrable Securities cannot, as a result of the application
of Rule 415, be registered for resale as a secondary offering on a single registration statement, the Company agrees to promptly
(i) inform each of the Holders thereof and use commercially reasonable efforts to file amendments to the Initial Registration Statement
as required by the Commission and/or (ii) withdraw the Initial Registration Statement and file a new registration statement (a
“New Registration Statement”), in either case covering the maximum number of Registrable Securities permitted
to be registered by the Commission, on Form S-1 or such other form available to register for resale the Registrable Securities
as a secondary offering; provided, however, that prior to filing such amendment or New Registration Statement, the Company
shall be obligated to use commercially reasonable efforts to advocate with the Commission for the registration of all of the Registrable
Securities in accordance with the SEC Guidance, including without limitation, the Manual of Publicly Available Telephone Interpretations
D.29 and Compliance and Disclosure Interpretations. Notwithstanding any other provision of this Agreement, if any SEC Guidance
sets forth a limitation of the number of Registrable Securities permitted to be registered on a particular Registration Statement
as a secondary offering (and notwithstanding that the Company used commercially reasonable efforts to advocate with the Commission
for the registration of all or a greater number of Registrable Securities), unless otherwise directed in writing by a Holder as
to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement will be reduced
on a pro rata basis based on the total number of unregistered Registrable Securities held by such Holders, subject to a determination
by the Commission that certain Holders must be reduced first based on the number of Registrable Securities held by such Holders);
provided, however, that the Company shall not exclude any Registrable Securities from such Registration Statement unless (i) the
Company has first excluded all outstanding securities from such Registration Statement, the holders of which are not contractually
entitled to inclusion of such securities in a registration statement of the Company or are not contractually entitled to pro rata
inclusion with the Registrable Securities and (ii) after giving effect to the immediately preceding proviso, any such exclusion
of Registrable Securities shall be made pro rata among the Holders and the holders of other securities having the contractual right
to inclusion of their securities in a registration statement of the Company in proportion to the number of Registrable Securities
or other securities, as applicable, that the Company is contractually obligated to include in a registration statement of the Company.
In the event the Company amends the Initial Registration Statement or files a New Registration Statement, as the case may be, under
clauses (i) or (ii) above, the Company will use commercially reasonable efforts to file with the Commission, as promptly as allowed
by Commission or SEC Guidance provided to the Company or to registrants of securities in general, one or more registration statements
on Form S-3 or such other form available to register for resale those Registrable Securities that were not registered for resale
on the Initial Registration Statement, as amended, or the New Registration Statement (the “Remainder Registration Statements”).

 

    	 

    	 

    

 

(b)          The
Company shall use commercially reasonable efforts to cause each Registration Statement to be declared effective by the Commission
as soon as practicable and, with respect to the Initial Registration Statement or the New Registration Statement, as applicable,
no later than the Effectiveness Deadline (including filing with the Commission a request for acceleration of effectiveness in accordance
with Rule 461 promulgated under the Securities Act within five (5) Business Days after the date that the Company is notified (orally
or in writing, whichever is earlier) by the Commission that such Registration Statement will not be “reviewed,” or
not be subject to further review (unless the Company is required to update its financial statements prior to requesting acceleration
of the Registration Statement, which will require the Company to file an amendment to such Registration Statement, in which case
the Company shall file any necessary amendment to such Registration Statement and request effectiveness thereof as soon as reasonably
practicable and in no event later than the Effectiveness Deadline)), and shall use commercially reasonable efforts to keep each
Registration Statement continuously effective under the Securities Act until the earlier of (i) such time as all of the Registrable
Securities covered by such Registration Statement have been publicly sold by the Holders or (ii) the date that is three years following
the Effective Date (the “Effectiveness Period”). The Company shall promptly after the Effective Date
notify the Holders via facsimile or electronic mail of the effectiveness of a Registration Statement. The Company shall, by 9:30
a.m. New York City time on the first Trading Day after the Effective Date, file a final Prospectus with the Commission, as required
by Rule 424(b).

 

(c)          Each
Holder agrees to furnish to the Company a completed Selling Stockholder Questionnaire not more than five (5) Trading Days following
the date of this Agreement. At least ten (10) Trading Days prior to the first anticipated filing date of a Registration Statement
for any registration under this Agreement, the Company will notify each Holder of the information the Company reasonably requires
from that Holder other than the information contained in the Selling Stockholder Questionnaire, if any, which shall be completed
and delivered to the Company promptly upon request and, in any event, within three (3) Trading Days prior to the applicable anticipated
filing date. Each Holder further agrees that it shall not be entitled to be named as a selling securityholder in the Registration
Statement or use the Prospectus for offers and resales of Registrable Securities at any time, unless such Holder has returned to
the Company a completed and signed Selling Stockholder Questionnaire and a response to any reasonable requests for further information
as described in the previous sentence. If a Holder of Registrable Securities returns a Selling Stockholder Questionnaire or a request
for further information, in either case, after its respective deadline, the Company shall use commercially reasonable efforts to
take such actions as are required to name such Holder as a selling security holder in the Registration Statement or any pre-effective
or post-effective amendment thereto and to include (to the extent not theretofore included) in the Registration Statement the Registrable
Securities identified in such late Selling Stockholder Questionnaire or request for further information. Each Holder acknowledges
and agrees that the information in the Selling Stockholder Questionnaire or request for further information as described in this
Section 2(c) will be used by the Company in the preparation of the Registration Statement and hereby consents to the inclusion
of such information in the Registration Statement.

 

    	 

    	 

    

 

(d)          If
at the time of filing of the Initial Registration Statement, the Company is not eligible for use of Form S-3, the Company shall
(i) initially register the resale of the Registrable Securities on Form S-1 and (ii) if the Company becomes eligible to use Form
S-3 and has ongoing registration obligations hereunder, the Company has the option to register the Registrable Securities on Form
S-3 after such form is available pursuant to a post-effective amendment to Form S-1 on Form S-3, provided that the Company
shall maintain the effectiveness of the Registration Statement then in effect until such time as a Registration Statement on Form
S-3 covering the Registrable Securities has been declared effective by the Commission.

 

3.            Registration
Procedures.

 

In connection with the
Company’s registration obligations hereunder, the Company shall use its commercially reasonable efforts to:

 

(a)          Not
less than three Trading Days prior to the filing of each Registration Statement and not less than one Trading Day prior to the
filing of any related Prospectus or any amendment or supplement thereto (except for Annual Reports on Form 10-K, and Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K and any similar or successor reports), (i) furnish to each Holder any and
all disclosure within any Registration Statement, Prospectus or amendment or supplement thereto that the Company proposes to file
that relates, directly or indirectly, to such Holder or the distribution of the Registrable Securities thereunder (collectively,
the “Holder Disclosure”), which disclosure will be subject to the review of such Holder (it being acknowledged
and agreed that if a Holder does not object to or comment on the aforementioned disclosure within such three Trading Day or one
Trading Day period, as the case may be, then the Holder shall be deemed to have consented to and approved the use of such disclosure)
and (ii) cause its officers and directors, counsel and independent registered public accountants to respond to such inquiries as
shall be necessary, in the reasonable opinion of respective counsel to each Holder, to conduct such review. The Company shall not
include any Holder Disclosure in any Registration Statement or Prospectus or any amendment or supplement thereto in a form to which
a Holder reasonably objects in good faith, provided that, the Company is notified of such objection in writing within the three
Trading Day or one Trading Day period described above, as applicable.

 

(b)          (i)
Prepare and file with the Commission such amendments (including post-effective amendments) and supplements, to each Registration
Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement continuously
effective as to the applicable Registrable Securities for its Effectiveness Period; (ii) cause the related Prospectus to be amended
or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended,
to be filed pursuant to Rule 424; (iii) respond as promptly as reasonably practicable to any comments received from the Commission
with respect to each Registration Statement or any amendment thereto and, as promptly as reasonably possible, provide the Holders
true and complete copies of all correspondence from and to the Commission solely relating to such Registration Statement that pertains
to the Holder Disclosure; and (iv) comply with the provisions of the Securities Act and the Exchange Act until such time as all
of such Registrable Securities cease to be Registrable Securities or shall have been disposed of (subject to the terms of this
Agreement) in accordance with the intended methods of disposition by the Holders thereof as set forth in such Registration Statement
as so amended or in such Prospectus as so supplemented; provided, however, that each Stockholder shall be responsible for
the delivery of the Prospectus to the Persons to whom such Stockholder sells any of the Registrable Securities (including in accordance
with Rule 172 under the Securities Act), and each Stockholder agrees to dispose of Registrable Securities in compliance with the
“Plan of Distribution” described in the Registration Statement and otherwise in compliance with applicable federal
and state securities laws. In the case of amendments and supplements to a Registration Statement which are required to be filed
pursuant to this Agreement (including pursuant to this Section 3(b)) by reason of the Company filing a report on Form 10-K, Form
10-Q or Form 8-K or any analogous report under the Exchange Act, the Company shall have incorporated such report by reference into
such Registration Statement, if applicable, or shall file such amendments or supplements with the Commission on or before the 5th
Trading Day following the day on which the Exchange Act report which created the requirement for the Company to amend or supplement
such Registration Statement was filed.

 

    	 

    	 

    

 

(c)          Notify
the Holders (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the
use of the Prospectus as set forth in Section 3(h)) as promptly as reasonably practicable and (if requested by any such Person)
confirm such notice in writing: (i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment to a Registration
Statement is proposed to be filed; (B) when the Commission notifies the Company whether there will be a “review” of
such Registration Statement and whenever the Commission comments in writing on any Registration Statement (in which case the Company
shall provide to each of the Holders true and complete copies of all comments that pertain to the Holders as a “Selling Stockholder”
or to the “Plan of Distribution” and all written responses thereto, but not information that the Company believes would
constitute material and non-public information); and (C) with respect to each Registration Statement or any post-effective
amendment, when the same has become effective; (ii) of any request by the Commission or any other federal or state governmental
authority for amendments or supplements to a Registration Statement or Prospectus or for additional information that pertains to
the Holders as “Selling Stockholders” or the “Plan of Distribution”; (iii) of the issuance by the Commission
or any other federal or state governmental authority of any stop order suspending the effectiveness of a Registration Statement
covering any or all of the Registrable Securities or the initiation of any Proceedings for that purpose; (iv) of the receipt by
the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the
Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose; (v) of
the occurrence of any event or passage of time that makes the financial statements included in a Registration Statement ineligible
for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed
to be incorporated therein by reference untrue in any material respect or that requires any revisions to such Registration Statement,
Prospectus or other documents so that, in the case of such Registration Statement or the Prospectus, as the case may be, it will
not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary
to make the statements therein (in the case of any Prospectus, form of prospectus or supplement thereto, in light of the circumstances
under which they were made), not misleading; and (vi) of the occurrence or existence of any pending corporate development with
respect to the Company that the Company believes may be material and that, in the determination of the Company, makes it not in
the best interest of the Company to allow continued availability of a Registration Statement or Prospectus (except for an underwritten
offering, registered direct offering or regsieterd secondary resale offering, with respect to which the Company may not suspend
the availability of a Registration Statement or Prospectus), provided that any and all such information shall be kept confidential
by each Holder (who may disclose such information only to such Holder’s employees, accountants, attorneys and professional
advisors who need to know such information in order to fulfill such party’s obligations to Holder, who are informed of the
confidential nature of such information and who are bound by a confidentiality and non-disclosure agreement pertaining thereto)
until such information otherwise becomes public, unless disclosure by a Holder is required by law; and provided, further,
that notwithstanding each Holder’s agreement to keep such information confidential, each such Holder makes no acknowledgement
that any such information is material, non-public information.

 

    	 

    	 

    

 

(d)          Avoid
the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of a Registration Statement,
or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in
any jurisdiction, as soon as practicable.

 

(e)          If
requested by a Holder, furnish to such Holder, without charge, at least one conformed copy of each Registration Statement and each
amendment thereto and all exhibits to the extent requested by such Person (including those previously furnished or incorporated
by reference) promptly after the filing of such documents with the Commission; provided, that the Company shall have no
obligation to provide any document pursuant to this clause that is available on the Commission’s EDGAR system.

 

(f)          Prior
to any resale of Registrable Securities by a Holder, qualify for an exemption from the registration or qualification of such Registrable
Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as
any Holder reasonably requests in writing, to keep such exemption therefrom effective during the Effectiveness Period; provided,
that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified,
subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service
of process in any such jurisdiction.

 

(g)          If
requested by a Holder, cooperate with such Holder to facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free,
to the extent permitted by the Support Agreement and under law, of all restrictive legends, and to enable such Registrable Securities
to be in such denominations and registered in such names as any such Holders may reasonably request.

 

(h)          Following
the occurrence of any event contemplated by Section 3(c), as promptly as reasonably practicable (taking into account the Company’s
good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event),
prepare a supplement or amendment, including a post-effective amendment, to the affected Registration Statements or a supplement
to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required
document so that, as thereafter delivered, no Registration Statement nor any Prospectus will contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of
any Prospectus, form of prospectus or supplement thereto, in light of the circumstances under which they were made), not misleading.
If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(c) above to suspend the use of any
Registration Statement or Prospectus until the requisite changes to such Registration Statement or Prospectus have been made, then
the Holders shall suspend use of such Registration Statement or Prospectus. The Company will use commercially reasonable efforts
to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise
its right under this Section 3(h) to suspend the availability of a Registration Statement and Prospectus for a period not to exceed
thirty (30) calendar days (which need not be consecutive days) in any 12-month period, provided however the Company may exceed
such thirty (30) calendar day period during the pendency of resolving any comments received from the SEC so long as such period
does not exceed an aggregate of seventy five (75) calendar days.

 

    	 

    	 

    

 

(i)          Require
each selling Holder to furnish to the Company a certified statement as to (i) the number of shares of Common Stock beneficially
owned by such Holder and any Affiliate thereof, (ii) any Financial Industry Regulatory Authority, Inc. (“FINRA”)
affiliations, (iii) any natural persons who have the power to vote or dispose of the common stock and (iv) any other information
as may be requested by the Commission, FINRA or any state securities commission.

 

(j)          Cooperate
with any registered broker through which a Holder proposes to resell its Registrable Securities in effecting a filing with FINRA
pursuant to FINRA Rule 5110 as reasonably requested by any such Holder.

 

(k)          Cause
all Registrable Securities to be listed on the Company’s Principal Market so long as any Holder holds any Registrable Securities.

 

4.          Registration
Expenses. All fees and expenses incident to the Company’s performance of or compliance with its obligations under this
Agreement (excluding any underwriting discounts and selling commissions and all legal fees and expenses of legal counsel for any
Holder) shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement.
The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing
fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with any Trading Market
on which the Common Stock is then listed for trading, and (B) with respect to the filing for any exemptions of the Registrable
Securities under the applicable Blue Sky or state securities laws), (ii) printing expenses (including, without limitation, expenses
of printing certificates for Registrable Securities and of printing prospectuses if the printing of prospectuses is reasonably
requested by the Holders of a majority of the Registrable Securities included in the Registration Statement), (iii) messenger,
telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act liability insurance,
if the Company so desires such insurance, and (vi) fees and expenses of all other Persons retained by the Company in connection
with the consummation of the transactions contemplated by this Agreement. In addition, the Company shall be responsible for all
of its internal expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including,
without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense
of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities
exchange as required hereunder. In no event shall the Company be responsible for any underwriting, broker or similar fees or commissions
of any Holder or any legal fees or other costs of the Holders.

 

    	 

    	 

    

 

5.             Indemnification.

 

(a)          Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless each
Holder, the officers, directors, agents, partners, members, managers, stockholders, Affiliates and employees of each of them, each
Person who controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act) and the officers, directors, partners, members, managers, stockholders, agents and employees of each such controlling Person,
to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including,
without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively,
“Losses”), as incurred, that arise out of or are based upon (i) any untrue or alleged untrue statement
of a material fact contained in any Registration Statement, any Prospectus or any form of prospectus or in any amendment or supplement
thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material
fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or form of prospectus
or supplement thereto, in light of the circumstances under which they were made) not misleading or (ii) any violation or alleged
violation by the Company of the Securities Act, the Exchange Act or any state securities law, or any rule or regulation thereunder
relating to the offer or sale of the Registrable Securities pursuant to the Registration Statement or any violation of this Agreement,
except to the extent, but only to the extent that (A) such untrue statements, alleged untrue statements, omissions or alleged omissions
are based solely upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein,
or to the extent that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable
Securities and was reviewed and approved in writing by such Holder expressly for use in the Registration Statement, such Prospectus
or such form of Prospectus or in any amendment or supplement thereto (it being understood that each Holder has approved Annex
A hereto for this purpose) or (B) in the case of an occurrence of an event of the type specified in Section 3(c)(iii)-(vi),
related to the use by a Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that
the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated and defined in Section
6(c) below, if following the receipt of the Advice the misstatement or omission giving rise to such Loss would have been corrected,
or (C) any such Losses arise out of the Stockholder’s (or any other indemnified Person’s) failure to send or give a
copy of the Prospectus or supplement (as then amended or supplemented), if required pursuant to Rule 172 under the Securities Act
(or any successor rule), to the Persons asserting an untrue statement or alleged untrue statement or alleged untrue statement or
omission or alleged omission at or prior to the written confirmation of the sale of Registrable Securities to such Person if such
statement or omission was corrected in such Prospectus or supplement. The Company shall notify the Holders promptly of the institution,
threat or assertion of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which
the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of an Indemnified Party (as defined in Section 5(c)) and shall survive the transfer of the Registrable Securities by the Holders.

 

(b)          Indemnification
by Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers,
agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section
20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, arising out of or are based solely upon any untrue or alleged untrue
statement of a material fact contained in any Registration Statement, any Prospectus, or any form of prospectus, or in any amendment
or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, or any
form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading (i) to the extent,
but only to the extent, that such untrue statements or omissions are based upon information regarding such Holder furnished in
writing to the Company by such Holder expressly for use therein or (ii) to the extent that such information relates to such Holder
or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and approved in writing by such
Holder expressly for use in a Registration Statement (it being understood that the Holder has approved Annex A hereto for
this purpose), such Prospectus or such form of Prospectus or in any amendment or supplement thereto or (iii) in the case of an
occurrence of an event of the type specified in Section 3(c)(iii)-(vi), to the extent, but only to the extent, related to the use
by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in Section 6(c). In no event
shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by
such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.

 

    	 

    	 

    

 

(c)          Conduct
of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder
(an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity
is sought (the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume
the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all
reasonable fees and expenses incurred in connection with defense thereof; provided, that the failure of any Indemnified
Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement,
except (and only) to the extent that it shall be finally determined by a court of competent jurisdiction (which determination is
not subject to appeal or further review) that such failure shall have materially and adversely prejudiced the Indemnifying Party.

 

An Indemnified Party
shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees
and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has
agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of
such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named
parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
and such Indemnified Party shall have been advised by counsel that a conflict of interest exists if the same counsel were to represent
such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in
writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not have
the right to assume the defense thereof and such counsel shall be at the expense of the Indemnifying Party); provided, that
the Indemnifying Party shall not be liable for the fees and expenses of more than one separate firm of attorneys at any time for
all Indemnified Parties. The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without
its written consent, which consent shall not be unreasonably withheld, delayed or conditioned. No Indemnifying Party shall, without
the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified
Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims
that are the subject matter of such Proceeding and such settlement does not include any non-monetary limitation on the actions
of any Indemnified Party or any of its affiliates or any admission of fault or liability on behalf of any such Indemnified Party.

 

Subject to the terms
of this Agreement, all fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred
in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section 5) shall
be paid to the Indemnified Party, as incurred, within twenty (20) Trading Days of written notice thereof to the Indemnifying Party;
provided, that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses
applicable to such actions for which such Indemnified Party is finally judicially determined to not be entitled to indemnification
hereunder.

 

(d)          Contribution.
If a claim for indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified
Party harmless for any Losses, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to
the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect
the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that
resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and
Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue
or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or
relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a
party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable
attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such
party would have been indemnified for such fees or expenses if the indemnification provided for in this Section 5 was available
to such party in accordance with its terms.

 

    	 

    	 

    

 

The parties hereto agree
that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or
by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this Section 5(d), (A) no Holder shall be required to contribute, in the aggregate,
any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the Registrable
Securities subject to the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason
of such untrue or alleged untrue statement or omission or alleged omission and (B) no contribution will be made under circumstances
where the maker of such contribution would not have been required to indemnify the Indemnified Party under the fault standards
set forth in this Section 5. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

 

6.          Miscellaneous.

 

(a)          Remedies.
In the event of a breach by the Company or by a Holder of any of their obligations under this Agreement, each Holder or the Company,
as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement, including recovery
of damages, will be entitled to specific performance of its rights under this Agreement. The Company and each Holder agree that
monetary damages would not provide adequate compensation for any losses incurred by reason of a breach by it of any of the provisions
of this Agreement and hereby further agrees that, in the event of any action for specific performance in respect of such breach,
it shall waive the defense that a remedy at law would be adequate.

 

(b)          Compliance.
Each Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable
to it (unless an exemption therefrom is available) in connection with sales of Registrable Securities pursuant to the Registration
Statement and shall sell the Registrable Securities only in accordance with a method of distribution described in the Registration
Statement.

 

(c)          Discontinued
Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company
of the occurrence of any event of the kind described in Section 3(c)(iii)-(vi), such Holder will forthwith discontinue disposition
of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”)
by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company
will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable.
The Company may provide appropriate stop orders to enforce the provisions of this paragraph.

 

    	 

    	 

    

 

(d)          Piggy-Back
Registrations.

 

(i)          If,
at any time during the Effectiveness Period, there is not an effective Registration Statement covering all of the Registrable Securities
and the Company shall determine to prepare and file with the Commission a registration statement relating to an offering for its
own account or the account of others under the Securities Act of any of its equity securities, other than on a Special Registration
Statement, then, subject to Section 6(d)(ii) below, the Company shall deliver to each Holder a written notice of such determination
and, if within seven days after the date of the delivery of such notice, any such Holder shall so request in writing, the Company
shall include in such registration statement all or any part of such Registrable Securities such Holder requests to be registered;
provided, however, that the Company shall not be required to register any Registrable Securities pursuant to this
Section 6(d) that are (i) eligible for resale pursuant to Rule 144 without the requirement for the Company to be in compliance
with the current public information required thereunder and without volume or manner-of-sale restrictions or (ii) the subject of
a then-effective Registration Statement

 

(ii)         (A)
in the case of an underwritten offering by the Company of securities, each Holder shall, with respect to Registrable Securities
that such Holder then desires to sell, enter into an underwriting agreement with the same underwriters engaged by the Company with
respect to securities being offered by the Company, and the Company shall cause such underwriters to include in any such underwriting
all of the Registrable Securities that a Holder then desires to sell; provided, however, that such underwriting agreement shall
be in substantially the same form as the underwriting agreement that the Company enters into in connection with the primary offering
it is making; provided, further, that no Holder participating in such underwriting shall be required to make any representations
or warranties except as they relate to such Holder’s ownership of Registrable Securities and authority to enter into the
underwriting agreement (including as to the execution, delivery and enforceability thereof) and to such Holder’s intended
method of distribution, or to agree to indemnify the Company, the underwriters or any other Person thereunder on terms other than
substantially as set forth in Section 5 above; and (B) in the event that, in connection with any underwritten offering, the managing
underwriter(s) thereof shall impose a limitation on the number of shares of Registrable Securities which may be included in the
Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary
to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited
portion of the Registrable Securities with respect to which a Holder has requested inclusion hereunder as the underwriter shall
permit; provided, however, that (1) the Company shall not exclude any Registrable Securities unless the Company has first excluded
all outstanding securities, the holders of which are not contractually entitled to inclusion of such securities in such Registration
Statement or are not contractually entitled to pro rata inclusion with the Registrable Securities and (2) after giving effect to
the immediately preceding proviso, any such exclusion of Registrable Securities shall be made pro rata among the Holders seeking
to include Registrable Securities and the holders of other securities having the contractual right to inclusion of their securities
in such Registration Statement, in proportion to the number of Registrable Securities or other securities, as applicable, sought
to be included by each such Holder or other holder.

 

(e)          No
Inconsistent Agreements. Except as set forth in that certain Restructuring Registration Rights Agreement dated July 25, 2007,
by and among the Company and the investors defined therein, the Company has not entered, as of the date hereof, nor shall the Company,
on or after the date hereof, enter into any agreement with respect to its securities, that would have the effect of impairing the
rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof.

 

(f)          Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented,
or waived unless the same shall be in writing and signed by the Company and Holders holding more than 60% of the then outstanding
Registrable Securities, in which case such amendment, modification, supplement or waiver shall be binding on all Holders, provided
that any party may give a waiver as to itself. Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of Holders and that does not directly or indirectly affect
the rights of other Holders may be given by Holders of all of the Registrable Securities to which such waiver or consent relates;
provided, however, that the provisions of this sentence may not be amended, modified, or supplemented except in accordance
with the provisions of the immediately preceding sentence.

 

    	 

    	 

    

 

(g)          Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as
set forth in the Support Agreement.

 

(h)          Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each
of the parties and shall inure to the benefit of each Holder. Nothing in this Agreement, express or implied, is intended to confer
upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities
under or by reason of this Agreement, except as expressly provided in this Agreement. The Company may not assign its rights (except
by merger or in connection with another entity acquiring all or substantially all of the Company’s assets) or obligations
hereunder without the prior written consent of all the Holders of the then outstanding Registrable Securities. Each Holder may
assign its respective rights with respect to any or all of its Owned Shares hereunder in the manner and to the Persons as permitted
under the Support Agreement; provided in each case that (i) the Holder agrees in writing with the transferee or assignee
to assign such rights and related obligations under this Agreement, and for the transferee or assignee to assume such obligations,
and a copy of such agreement is furnished to the Company within a reasonable time after such assignment, (ii) the Company
is, within a reasonable time after such transfer or assignment, furnished with written notice of the name and address of such transferee
or assignee and the securities with respect to which such registration rights are being transferred or assigned, (iii) at
or before the time the Company received the written notice contemplated by clause (ii) of this sentence, the transferee or
assignee agrees in writing with the Company to be bound by all of the provisions contained herein, (iv) the transferee is
an “accredited investor,” as that term is defined in Rule 501 of Regulation D, and (v) the transferee completes
and delivers to the Company the Selling Stockholder Questionnaire in the form of Annex B hereto and provides such additional information
as the Company reasonably requests.

 

(i)          Execution
and Counterparts. This Agreement may be executed in two or more counterparts, each of which when so executed shall be deemed
to be an original and, all of which taken together shall constitute one and the same Agreement and shall become effective when
counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign
the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf”
format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile or “.pdf” signature were the original thereof.

 

(j)          Governing
Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New
York, without giving effect to any of the conflicts of law principles which would result in the application of the substantive
law of another jurisdiction. This Agreement shall not be interpreted or construed with any presumption against the party causing
this Agreement to be drafted. The Company and the Holders agree that venue for any dispute arising under this Agreement will lie
exclusively in the state or federal courts located in New York County, New York, and the parties irrevocably waive any right to
raise forum non conveniens or any other argument that New York is not the proper venue. The Company and the Holders irrevocably
consent to personal jurisdiction in the state and federal courts of the state of New York. The Company and the Holders consent
to process being served in any such suit, action or proceeding by delivering a copy thereof to such party at the address in effect
for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and
notice thereof. Nothing in this Section 6(j) shall affect or limit any right to serve process in any other manner permitted by
law. The Company and the Holders hereby agree that the prevailing party in any suit, action or proceeding arising out of or relating
to this Agreement or the Support Agreement, shall be entitled to reimbursement for reasonable legal fees from the non-prevailing
party. The parties hereby waive all rights to a trial by jury.

 

    	 

    	 

    

 

(k)          Cumulative
Remedies. Except as provided herein, the remedies provided herein are cumulative and not exclusive of any other remedies provided
by law.

 

(l)          Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their good faith reasonable
efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would
have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared
invalid, illegal, void or unenforceable.

 

(m)          Headings.
The headings in this Agreement are for convenience only and shall not limit or otherwise affect the meaning hereof.

 

[signature pages follow]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have executed this Registration Rights Agreement as of the date first written above.

 

	 	GLOBAL OPTIONS GROUP, Inc.
	 	 
	 	By:	/s/ Jeffrey O. Nyweide
	 	 	Name:	Jeffrey O. Nyweide
	 	 	Title:	Chief Financial Officer and
	 	 	 	Executive Vice President

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have executed this Registration Rights Agreement as of the date first written above.

 

	 	GENESIS OPPORTUNITY FUND, L.P.
	 	 	 
	 	By:	Genesis Capital Advisors LLC
	 	Its:	General Partner
	 	 	 
	 	By:	/s/ Ethan Benovitz
	 	 	Name:	Ethan Benovitz
	 	 	Title:	Managing Member

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have executed this Registration Rights Agreement as of the date first written above.

 

 

	 	GENESIS ASSET OPPORTUNITY FUND, L.P.
	 	 	 
	 	By:	Genesis Capital Advisors LLC
	 	Its:	General Partner
	 	 	 
	 	By:	/s/ Ethan Benovitz
	 	 	Name:	Ethan Benovitz
	 	 	Title:	Managing Member

 

    	 

    	 

    

 

Annex A

 

PLAN OF DISTRIBUTION

 

We are registering
the shares of common stock previously issued to the selling stockholders to permit the resale of these shares of common stock by
the holders of the common stock from time to time after the date of this prospectus. We will not receive any of the proceeds from
the sale by the selling stockholders of the shares of common stock. We will bear all fees and expenses incident to our obligation
to register the shares of common stock.

 

The selling stockholders
may sell all or a portion of the shares of common stock beneficially owned by them and offered hereby from time to time directly
or through one or more underwriters, broker-dealers or agents. If the shares of common stock are sold through underwriters or broker-dealers,
the selling stockholders will be responsible for underwriting discounts or commissions or agent’s commissions. The shares
of common stock may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at
varying prices determined at the time of sale, or at negotiated prices. The selling stockholders will act independently of us in
making decisions with respect to the timing, manner and size of each sale. These sales may be effected in transactions, which may
involve crosses or block transactions,

 

		·	on any national securities exchange or quotation service on which the securities may be listed
or quoted at the time of sale;

 

		·	in the over-the-counter market;

 

		·	in transactions otherwise than on these exchanges or systems or in the over-the-counter market;

 

		·	through the writing of options, whether such options are listed on an options exchange or otherwise;

 

		·	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

		·	block trades in which the broker-dealer will attempt to sell the shares as agent but may position
and resell a portion of the block as principal to facilitate the transaction;

 

		·	purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

 

		·	an exchange distribution in accordance with the rules of the applicable exchange;

 

		·	privately negotiated transactions;

 

		·	short sales;

 

		·	through the distribution of the common stock by any selling stockholders to its partners, members
or stockholders;

 

    	 

    	 

    

 

		·	through one or more underwritten offerings on a firm commitment or best efforts basis;

 

		·	sales pursuant to Rule 144;

 

		·	broker-dealers may agree with the selling stockholders to sell a specified number of such shares
at a stipulated price per share;

 

		·	a combination of any such methods of sale; and

 

		·	any other method permitted pursuant to applicable law.

 

If the selling stockholders
effect such transactions by selling shares of common stock to or through underwriters, broker-dealers
or agents, such underwriters, broker-dealers or agents may receive commissions in the form of discounts, concessions or commissions
from the selling stockholders or commissions from purchasers of the shares of common stock for
whom they may act as agent or to whom they may sell as principal (which discounts, concessions or commissions as to particular
underwriters, broker-dealers or agents may be in excess of those customary in the types of transactions involved). In connection
with sales of the shares of common stock or otherwise, the selling stockholders may enter into
hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of common
stock in the course of hedging in positions they assume. The selling stockholders may also sell shares of common
stock short and deliver shares of common stock covered by this prospectus to close out
short positions and to return borrowed shares in connection with such short sales. The selling stockholders may also loan or pledge
shares of common stock to broker-dealers that in turn may sell such shares.

 

The selling stockholders
may pledge or grant a security interest in some or all of the shares of common stock owned by
them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the
shares of common stock from time to time pursuant to this prospectus or any amendment to this
prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending, if necessary, the list of selling
stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus.
The selling stockholders also may transfer and donate the shares of common stock in other circumstances
in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes
of this prospectus.

 

The selling stockholders
and any broker-dealer participating in the distribution of the shares of common stock may be
deemed to be “underwriters” within the meaning of the Securities Act, and any commission paid, or any discounts or
concessions allowed to, any such broker-dealer may be deemed to be underwriting commissions or discounts under the Securities Act.
At the time a particular offering of the shares of common stock is made, a prospectus supplement,
if required, will be distributed which will set forth the aggregate amount of shares of common stock
being offered and the terms of the offering, including the name or names of any broker-dealers or agents, any discounts, commissions
and other terms constituting compensation from the selling stockholders and any discounts, commissions or concessions allowed or
reallowed or paid to broker-dealers. The selling stockholders may indemnify any broker-dealer that participates in transactions
involving the sale of the shares of common stock against certain liabilities, including liabilities
arising under the Securities Act.

 

    	 

    	 

    

 

Under the securities
laws of some states, the shares of common stock may be sold in such states only through registered
or licensed brokers or dealers. In addition, in some states the shares of common stock may not
be sold unless such shares have been registered or qualified for sale in such state or an exemption from registration or qualification
is available and is complied with.

 

There can be no assurance
that any selling stockholder will sell any or all of the shares of common stock registered pursuant
to the registration statement, of which this prospectus forms a part.

 

The selling stockholders
and any other person participating in such distribution will be subject to applicable provisions of the Exchange Act and the rules
and regulations thereunder, including, without limitation, Regulation M of the Exchange Act, which may limit the timing of purchases
and sales of any of the shares of common stock by the selling stockholders and any other participating
person. Regulation M may also restrict the ability of any person engaged in the distribution of the shares of common
stock to engage in market-making activities with respect to the shares of common stock.
All of the foregoing may affect the marketability of the shares of common stock and the ability
of any person or entity to engage in market-making activities with respect to the shares of common stock.

 

We will pay all expenses
of the registration of the shares of common stock; provided, however, that a selling
stockholder will pay all underwriting discounts and selling commissions, if any. We will indemnify the selling stockholders against
certain liabilities, including some liabilities under the Securities Act, or the selling stockholders will be entitled to contribution.
We may be indemnified by the selling stockholders against certain civil liabilities, including liabilities under the Securities
Act, that may arise from any written information furnished to us by the selling stockholder specifically for use in this prospectus,
or we may be entitled to contribution.

 

Once sold under the
registration statement, of which this prospectus forms a part, the shares of common stock will
be freely tradable in the hands of persons other than our affiliates.

 

    	 

    	 

    

 

Annex B

 

GLOBALOPTIONS
GROUP, Inc.

 

SELLING STOCKHOLDER NOTICE AND QUESTIONNAIRE

 

The
undersigned holder of shares of the common stock, par value $0.001 per share of GlobalOptions Group, Inc.
(the “Company”), understands that the Company intends to file with the Securities and Exchange Commission
a registration statement on Form S-3 (or such other form available to register for resale the Registrable Securities as
a secondary offering) (the “Resale Registration Statement”) for the registration
and the resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the
Registrable Securities in accordance with the terms of that certain Registration Rights Agreement (the “Agreement”),
dated as of February __, 2012, by and between the Company and the Stockholders party thereto. All capitalized terms not otherwise
defined herein shall have the meanings ascribed thereto in the Agreement.

 

In order to sell or
otherwise dispose of any Registrable Securities pursuant to the Resale Registration Statement, a holder of Registrable Securities
generally will be required to be named as a selling stockholder in the related prospectus or a supplement thereto (as so supplemented,
the “Prospectus”), deliver the Prospectus to purchasers of Registrable Securities (including pursuant
to Rule 172 under the Securities Act) and be bound by the provisions of the Agreement (including certain indemnification provisions,
as described below). Holders must complete and deliver this Notice and Questionnaire in order to be named as selling stockholders
in the Prospectus. Holders of Registrable Securities who do not complete, execute and return this Notice and Questionnaire within
five (5) Business Days following the date of the Agreement (1) will not be named as selling stockholders in the Resale Registration
Statement or the Prospectus and (2) may not use the Prospectus for resales of Registrable Securities.

 

Certain legal consequences
arise from being named as a selling stockholder in the Resale Registration Statement and the Prospectus. Holders of Registrable
Securities are advised to consult their own securities law counsel regarding the consequences of being named or not named as a
selling stockholder in the Resale Registration Statement and the Prospectus.

 

NOTICE

 

The undersigned holder
(the “Selling Stockholder”) of Registrable Securities hereby gives notice to the Company of its intention
to sell or otherwise dispose of Registrable Securities owned by it and listed below in Item (3), unless otherwise specified in
Item (3), pursuant to the Resale Registration Statement. The undersigned, by signing and returning this Notice and Questionnaire,
understands and agrees that it will be bound by the terms and conditions of this Notice and Questionnaire and the Agreement.

 

The undersigned hereby
provides the following information to the Company and represents and warrants that such information is accurate and complete:

 

    	 

    	 

    

 

QUESTIONNAIRE

 

1.          Name.

 

(a)          Full
Legal Name of Selling Stockholder:

  

____________________________

 

(b)          Full
Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities Listed in Item 3 below are
held:

 

____________________________

 

(c)          Full
Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to
vote or dispose of the securities covered by the questionnaire):

 

____________________________

 

2.          Address
for Notices to Selling Stockholder:

  

	 

	 

	 

	Telephone:	 

	Fax:	 

	Contact Person:	 

	E-mail address of Contact Person:	 

 

3.          Beneficial
Ownership of Registrable Securities:

 

(a)          Type
and Number of Registrable Securities beneficially owned:

 

____________________________

 

____________________________

 

____________________________

 

(b)          Number
of shares of Common Stock to be registered pursuant to this Notice for resale:

 

____________________________

 

____________________________

 

____________________________

 

4.          Broker-Dealer
Status:

 

(a)          Are
you a broker-dealer?

 

Yes   ̈
  No     ̈

 

(b)          If
“yes” to Section 4(a), did you receive your Registrable Securities as compensation for investment banking services
to the Company?

 

Yes   ̈  
No     ̈

 

    	 

    	 

    

 

		Note:	If no, the Commission’s staff has indicated that you should be identified as an underwriter
in the Registration Statement.

 

(c)          Are
you an affiliate of a broker-dealer?

 

Yes
    ̈ No     ̈

 

Note:If yes, provide
a narrative explanation below:

 

____________________________

 

____________________________

 

(d)          If
you are an affiliate of a broker-dealer, do you certify that you bought the Registrable Securities in the ordinary course of business,
and at the time of the purchase of the Registrable Securities to be resold, you had no agreements or understandings, directly or
indirectly, with any person to distribute the Registrable Securities?

 

Yes
    ̈ No     ̈

 

		Note:	If no, the Commission’s staff has indicated that you should be identified as an underwriter
in the Registration Statement.

 

5.             Beneficial
Ownership of Other Securities of the Company Owned by the Selling Stockholder.

 

 Except as set forth below
in this Item 5, the undersigned is not the beneficial or registered owner of any securities of the Company other than the Registrable
Securities listed above in Item 3.

 

Type and
amount of other securities beneficially owned:

 

________________________________________________________________________________________________________________________________________________

 

________________________________________________________________________________________________________________________________________________

 

6.            Relationships
with the Company:

 

Except as set forth below,
neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the
equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company
(or its predecessors or affiliates) during the past three years.

 

State any
exceptions here:

 

	 
	 
	 
	 

 

    	 

    	 

    

 

7.              Plan
of Distribution:

 

The undersigned has reviewed
the form of Plan of Distribution attached as Annex A to the Registration Rights Agreement, and hereby confirms that, except as
set forth below, the information contained therein regarding the undersigned and its plan of distribution is correct and complete.

 

State any
exceptions here:

	 
	 
	 
	 

 

***********

 

The undersigned agrees to promptly notify
the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof and
prior to the effective date of any applicable Resale Registration Statement. All notices hereunder and pursuant to the Agreement
shall be made in writing, by hand delivery, confirmed or facsimile transmission, first-class mail or air courier guaranteeing overnight
delivery at the address set forth below. In the absence of any such notification, the Company shall be entitled to continue to
rely on the accuracy of the information in this Notice and Questionnaire.

 

By signing below, the undersigned consents
to the disclosure of the information contained herein in its answers to Items (1) through (7) above and the inclusion of such information
in the Resale Registration Statement and the Prospectus. The undersigned understands that such information will be relied upon
by the Company in connection with the preparation or amendment of any such Registration Statement and the Prospectus.

 

By signing below, the undersigned acknowledges
that it understands its obligation to comply, and agrees that it will comply, with the provisions of the Exchange Act and the rules
and regulations thereunder, particularly Regulation M in connection with any offering of Registrable Securities pursuant to the
Resale Registration Statement. The undersigned also acknowledges that it understands that the answers to this Questionnaire are
furnished for use in connection with Registration Statements filed pursuant to the Registration Rights Agreement and any amendments
or supplements thereto filed with the Commission pursuant to the Securities Act.

 

The undersigned hereby acknowledges and
is advised of the following Interpretation A.65 of the July 1997 SEC Manual of Publicly Available Telephone Interpretations regarding
short selling:

 

“An Issuer filed a Form S-3 registration
statement for a secondary offering of common stock which is not yet effective. One of the selling stockholders wanted to do a short
sale of common stock “against the box” and cover the short sale with registered shares after the effective date. The
issuer was advised that the short sale could not be made before the registration statement become effective, because the shares
underlying the short sale are deemed to be sold at the time such sale is made. There would, therefore, be a violation of Section
5 if the shares were effectively sold prior to the effective date.”

 

    	 

    	 

    

 

By returning this Questionnaire, the undersigned
will be deemed to be aware of the foregoing interpretation.

 

I confirm that, to the best of my knowledge
and belief, the foregoing statements (including without limitation the answers to this Questionnaire) are correct.

 

IN WITNESS WHEREOF the undersigned, by
authority duly given, has caused this Questionnaire to be executed and delivered either in person or by its duly authorized agent.

 

	Dated:	 	 	Beneficial Owner:	 

 

	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:Working Capital Loan Contract

 

Borrower (Party A):  CER Energy
Recovery (Shanghai) Co., Ltd. 

 

Creditor (Party B):  Shanghai
Pudong Development Bank, Shanghai Branch 

 

Whereas Party A applies for a loan from
Party B and Party B agrees to grant a loan to Party A for the purpose of working capital according to the following terms in the
contract. To specify the rights and obligations, Party A and Party B hereby enter into this Contract after negotiation in accordance
with the Contract Law, General Rules of Loan and relevant laws and regulations. The Contract is an individual credit file signed
by both parties.

 

Part I Commercial Terms

 

Article 1 Type of Loan 

 

The loan under this Contract is short-term
working capital loan.

 

Article 2 Amount of Loan

 

The amount of the loan under this Contract
is: RMB 8,400,000.

 

Article 3 Purpose of Loan 

 

The loan hereunder shall be used for purchasing
project equipments and raw materials.

 

Article 4 Term of Loan 

 

4.1 The term of the loan hereunder is 12
months, from the first drawdown date.

 

4.2 The actual drawdown and repayment date
shall be the date stated on the indebtedness certificate between Party A and Party B. The last repayment date shall not exceed
the term of loan. The indebtedness certificate or loan collection certificate is the integral part of the Contract.

 

Article 5 Interest Rate 

 

5.1 Interest rate of RMB loan

 

The interest rate of the Contract is calculated
at     10    % upwards from the benchmark interest rate of the corresponding grade of the
People’s Bank of China, which is a fixed rate of 6.116% per annum.

 

    	1

    	 

    

 

5.2 The interest settlement day is the
20th of last month of each quarter. If the principal and interest are repaid in installment, the last installment
of interest shall be paid up with the last installment of principal upon maturity of loan.

 

5.3 Adjustment of interest rate of RMB
loan

 

The interest rate is unchanged during the
term of loan.

 

Article 6 Penalty Interest Rate

 

6.1 Should Party A fail to repay the principal
and interest under the Contract on time, Party B is entitled to claim penalty interest at a rate 30% upward the current
interest rate on any balance of loan used by Party A in breach of this Contract for the days of breach.

 

6.2 Should Party A fail to use the loan
for the purpose as stipulated in the Contract, Party B is entitled to claim penalty interest at a rate 50% upward the current
interest rate on any balance of loan used by Party A in breach of this Contract for the days of breach.

 

Article 7 Drawdown Term

 

The drawdown date of loan hereunder is
from November 18, 2010 to December 31, 2010.

 

Article 8 Drawdown Plan

 

Drawdown is made by installment. The amount
and date of drawdown are as follows:

 

	Index	 	Drawdown date	 	Drawdown amount(RMB)
	1	 	2010-11-30	 	7,700,000
	2	 	2010-12-1	 	700,000

 

Article 9 Repayment Plan

 

Repayment is made by installment. The amount
and date of repayment are as follows:

 

	Index	 	Repayment date	 	Repayment amount(RMB)
	1	 	2010-12-29	 	700,000
	2	 	2011-1-29	 	700,000
	3	 	2011-2-28	 	700,000
	4	 	2011-3-29	 	700,000
	5	 	2011-4-29	 	700,000
	6	 	2011-5-29	 	700,000
	7	 	2011-6-29	 	700,000
	8	 	2011-7-29	 	700,000
	9	 	2011-8-29	 	700,000
	10	 	2011-9-29	 	700,000
	11	 	2011-10-29	 	700,000
	12	 	2011-11-16	 	700,000

 

    	2

    	 

    

 

Article 10 Compensation of early repayment

 

Not applicable.

 

Article 11 Minimum amount of early repayment

 

Not applicable.

 

Article 12 Open of Bank Account

 

12.1 Party A does not open specific bank
account for working capital loan.

 

12.1.1 The ordinary collection account
opened with Party B:

 

Opening bank: Shanghai Pudong Development
Bank, Chuanzhi Tiandi Branch

 

Account Name: CER Energy Recovery (Shanghai)
Co., Ltd.

 

Account Number: 97590155300000063

 

12.1.2 The special collection account opened
with Party B:

 

Opening bank: Shanghai Pudong Development
Bank, Chuanzhi Tiandi Branch

 

Account Name: CER Energy Recovery (Shanghai)
Co., Ltd.

 

Account Number: 97590155300000063

 

Article 13 Entrusted Payments

 

Any single payment exceeding RMB 5 million
to a specific payee using the loan proceeds shall be subject to the entrusted payment arrangement.

 

Article 14 Supervision fee on the special
bank account

 

Not applicable.

 

Article 15 Guaranty 

 

15.1 Mr. Qinghuan Wu shall be the guarantor
for the loan under this Contract and take jointly liabilities. (Guaranty Contract Number: YB9759201028000901)

 

    	3

    	 

    

 

15.2 CER Energy Recovery (Shanghai) Co.,
Ltd. shall pledge for the loan under this Contract. (Pledge Contract Number: YZ9759201028000901)

 

Article 16 Breach of Contract

 

Party A shall pay Party B 5% of the total
principal in case of any breach of Contract.

 

Article 17 Appendix of the Contract

 

None.

 

Article 18 Other Agreed Items

 

None.

 

Article 19 Others

 

The Contract is made in five duplicates
with the equal legal effect. Party A shall hold one and Party B shall hold other four.

 

Part II Common Terms

 

Article 1 Borrowings

 

1.1 Party A agrees and confirms without
revocation that the fund under the loan shall be drawdown at the time when Party B allows. The loan shall be reviewed by Party
B to continue. Party B has the right to ask Party A repay the loan at any time. Party B has the right to terminate or suspend all
or part of the loan without advance notice to Party A.

 

1.2 Party A shall not use the loan out
of the scope of the purpose. Party A shall not misappropriate or divert the fund to invest fixed assets or stocks. The fund shall
not be used in the areas of production or operation that are prohibited by government, or other activities that are out of the
scope of the purpose.

 

Article 2 Interest Rate and Method to
Accrue Interest 

 

2.1 Party A shall designate an ordinary
collection account and a special collection account with Party B (see Part I), and also a working capital loan account if any.
Party A agrees Party B to perform timely monitoring on the accounts mentioned above.

 

2.2 If no working capital loan account
opened, the ordinary collection account shall be used to collect the drawdown of the loan.

 

2.3 The interest of loan hereunder accrues
on a daily basis from the date of practical drawdown, according to the loan amount and the actual days Party A uses. (daily interest=
month interest/30, month interest=year interest/12).

 

    	4

    	 

    

 

2.4 In the event that Party A fails to
repay the principal due on time, Party B shall has the right to collect a penalty on the overdue amount according to the penalty
interest rate and the overdue days, until the outstanding principal is repaid.

 

2.5 In the event that Party A fails to
use the loan within the scope of the purpose, Party B shall has the right to collect a penalty on the misusing amount according
to the penalty interest rate and the misusing days, until the outstanding amount is repaid.

 

2.6 In the event that Party A fails to
repay the interest due on time, Party B shall has the right to collect a penalty on the overdue interest according to the penalty
interest rate and the overdue days, until the outstanding interest is repaid.

 

2.7 In case the People’s Bank of
China adjusts the policy of marketization of interest rates; both parties shall negotiate to confirm new interest rate. If the
negotiation is not finalized by common consent within five bank working days, Party B shall repay all the outstanding principal
and interests within 30 days from the end of negotiation.

 

Article 3 Drawdown

 

3.1 Before the first drawdown, Party A
shall meet the following requirements, while Party B has no responsibility to validate these documents or conditions.

 

3.1.1 Party A has provided the drawdown
application, indebtedness certificate and other documents as required in the contract;

 

3.1.2 This contract and corresponding guaranty
Contract (if any) have been signed and is effective, the guaranty has been secured;

 

3.1.3 Party A has provided the business
license, company’s article of association, recent financial statements (including but not limited to the audited annual financial
report of last fiscal year and the financial report of current period);

 

3.1.4 Party A has provided the borrowing
resolution from Board/shareholders’ meeting or other authoritative body, the signature sample and authorization form of legal
representative and the authorized person;

 

3.1.5 Party A has opened the related bank
account with Party B as required;

 

3.1.6 There is no default event occurring
under this Contract;

 

3.1.7 Other document or conditions required
by Party B.

 

3.2 After the first drawdown, Party A shall
meet the following requirements before other drawdown, while Party B has no responsibility to validate these documents or conditions.

 

3.2.1 Party A has provided the drawdown
application, indebtedness certificate and other documents as required;

 

3.2.2 There is no default event occurring
under this Contract;

 

    	5

    	 

    

 

3.2.3 Other document or conditions required
by Party B.

 

3.3 Drawdown

 

3.3.1 Party A shall drawdown the loan according
to the Contract. When applying for drawdown, Party A shall submit a drawdown application form to Party B at least 3 bank business
days prior to the proposed drawdown date.

 

3.3.2 If Party A needs to delay or change
the drawdown date, a notice shall be sent to get the agreement of Party B. Party A shall also compensate for the interest loss
of Party B. (interest loss=interest during the delay days deducted by the interest of the demand deposit)

 

3.3.3 If Party A asks to cancel all or
part of the loan, application shall be sent to Party B at least 3 bank business days prior to the proposed drawdown date or the
drawdown termination date. The requirement shall be agreed by Party B

 

3.3.4 If Party A does not drawdown or applies
for delay the drawdown date during the supposed drawdown period, Party B shall notice Party A to proceed with the formality within
three bank working days. If Party still does not proceed with the formality, Party B has the right to cancel the loans not drawdown.

 

3.3.5 Even considering the terms aboved,
Party B has the right to refuse the drawdown application and cancel all or part of the loan under this Contract at any time, when
the loan is not drawdown.

 

Article 4 Account open and management

 

4.1 Party A shall designate an ordinary
collection account and a special collection account with Party B (see Part I), and also a specified working capital loan account
if any. Party A agrees Party B to perform timely monitoring on the accounts mentioned above.

 

4.2 If no specified working capital loan
account opened, the ordinary collection account shall be used to collect the drawdown of the loan.

 

If there is a specified working capital
loan account, the account shall be used to collect the drawdown of the loan; the capital in the account shall bear an interest
of demand deposit. Party A agrees that both the stamp specimen of Party A and the loan supervision stamp of Party B shall be reserved
for the specified working capital loan account. The stamp specimens shall not be changed without the written consent from Party
B.

 

4.3 Party B confirms that the special collection
account will be used to collect relevant sales revenue or fund to be used to repay the loan.

 

Party B guarantees that the fund in the
special collection account shall be no less than the principal and interest to be paid in this period, within the three days prior
to the principal and interest repayment day. Party A has the right to limit or refuse the payment transaction which shall lead
to the lack of repayment amount from this account, within the three days prior to the principal and interest repayment day.

 

    	6

    	 

    

 

Party B has the right to supervise on the
special collection account. If anything irregularity noted, Party B has the right to investigate the reason and take corrective
actions.

 

Article 5 Payment Supervision

 

5.1 Party A agrees that Party B has the
right to monitor and control the entrusted payment or direct payment, to ensure the use of the loan is within the scope of agreed
purpose.

 

Entrusted payment is
the payment method where Party B will, upon and in accordance with drawdown application and payment entrustment issued by Party
A, pay the proceeds of the financing to the relevant payees of Party A for agreed purposes.

 

Direct payment is the
payment method where Party B will, upon the drawdown application issued by Party A, pay the proceeds of the financing to Party
A’s account and Party A will make the payment directly to the relevant payees of Party A for agreed purposes.

 

5.2 Party A agrees that if the credit relationship
is newly set up and Party A has normal credit standing, or the payment exceed the agreed amount (see Part I)under this Contract,
or any other possible situation, the entrusted payment method will be used.

 

In relation to entrusted payment, Party
A shall, upon each drawdown, provide Party B with information of its own designated account to receive the financing and payee's
account, payment amount and relevant supporting documents to prove that such drawdown is for the agreed purposes. Party B will
carry out review on information provided by Party A to ensure all the information is consistent with the commercial Contract. When
the review completed, Party B shall, through the account designated by Party A, transfer relevant amount to the accounts of Party
A's payees as required

 

5.3 Party A shall submit the certified
materials required by Party B when payment is applied.

 

5.3.1 Document to certify that the payment
is within the scope of purpose.

 

5.3.2 Commercial Contract or the written
documents which reflects the payment obligation of Party A. As for the payment without Contract, Party A shall submit the payment
policy or standard approved by authorized department.

 

5.3.3 Related invoice or receipt. If not
available at the payment time, invoice or receipt should be submitted later.

 

5.3.4 Legal and effective payment vouchers.

 

    	7

    	 

    

 

5.3.4 Other documents required by Party
B.

 

5.4 If the specified working capital loan
account is not opened, Party A shall submit the drawdown application form 3 bank working days prior to the supposed drawdown date
and confirm the payment method. Party A agrees Party B has the right to review the related information to decide the related payment
method.

 

If the specified working capital loan account
is opened, and the entrusted payment method is used, Party A shall submit the payment application form with the reserved specimen
of the seal 3 bank working days prior to the supposed drawdown date. Party B has the right to review all the related information
and make the payment when finishing review and sealing on the payment voucher.

 

If direct payment method is used, Party
A shall submit the payment application form and related information 3 bank working days prior to the supposed drawdown date. Party
A agrees Party B has the right to review the related information and will make the payment to the ordinary collection account after
reviewing the payment voucher filled by Party A and sealing on the voucher.

 

5.5 If the proceeds of
financing are to be paid directly by Party A to its payees, Party A shall make periodical report about the direct payment to Party
B. Party B has the right to perform account analysis, voucher verification and on-site investigation, to check the use of proceeds
and payment method.

 

5.6 Party A confirms that transaction charge
will be paid to Party B and the amount will be deducted directly by Party B.

 

5.7 Party B may decide to make supplementary
conditions or adjust the conditions for advance and payment of financing, or cease to advance and pay the financing proceeds, upon
occurrence of any of the following events:

 

5.7.1 Worse credit rating.

 

5.7.2 Weak profitability of major business.

 

5.7.3 Any irregularity in use of proceeds.

 

Article 6 Repayment

 

6.1 Party A shall repay the principal of
and pay the interest on the loan hereunder and other amount payable in accordance with the amount and schedule as required under
this Contract. Party A irrevocably authorizes Party B to transfer an amount equal to such principal, interest and other amount
payable out of such account on such repayment date or interest settlement date without further instruction from Party A.

 

6.2 If Party A applies for prepayment of
all or part of the loan, it shall submit a written application to Party B for its approval 10 bank working days prior to such prepayment.
If the prepayment is not agreed by Party B in written, Party A still shall repay the principal and interest according to the agreed
term. Party A shall pay compensation to Party B if the prepayment not agreed by Party B in written.

 

    	8

    	 

    

 

If Party B approves any prepayment, which
is deemed the loan due in advance, Party B still has the right to ask for compensation according to the Contract (See Part I).

 

Party A shall fully pay on the prepayment
date all principal, interest and other amounts due and payable as of such prepayment date hereunder. The principal prepaid cannot
be less than the agreed amount described in Part I and the amount is used to be deducted from the total principal in a reversal
order.

 

6.3 In the event Party A fails to repay
the loan with proper reason, Party A shall apply for extension term of loan and prepare essential materials 30 bank working days
prior to the supposed repayment date. If there is any guarantee, pledge or mortgage under this Contract, the guarantor, pledger
and mortgagor should also represent written certification of agreements. Party B has the right to decide loan extension. If not
agreed, the loan will be deemed as overdue after the due date.

 

Article 7 Representations and warranties

 

Party A makes the following representations
and warranties to Party B, and these representations and warranties will remain valid and effective within the term of this Contract:

 

7.1 Party A is an independent legal entity,
which has all the necessary rights and can take the responsibility under this Contract and bear civil liability.

 

7.2 Party A has the right to sign this
Contract and get all the approval and authorization from the board, the shareholders and other authorities. All the terms under
this Contract reflect the real agreement from Party A and have legal restriction on Party A.

 

7.3 The signing and undertaking of this
Contract comply with all the laws, related documents, judgments and adjudication to be obeyed by Party A and do not contradict
any article of association, Contracts, agreements and responsibilities to take.

 

7.4 The financial and accounting reports
provided by Party A to Party B are prepared in accordance with the general accepted accounting principle of the PRC and give true,
fair and complete presentation of the operation and indebtedness status of Party A.

 

7.5 All documents and information provided
by Party A to Party B are true, accurate, complete and effective and do not contain any false record, gross omission or misleading
statement.

 

7.6 Party A guarantees to complete all
the backup, registration and other procedures to make this Contract effective, and also will pay related tax and expenses.

 

7.7 The financial condition of Party A
has no material adverse change since the end date of its latest financial and accounting reports.

 

    	9

    	 

    

 

7.8 Party A strictly obeys the law in general
operating activity and perform business according to the scope required in the business certification. Party A performs annual
verification, has ability to operate in a continuous manner, and has legal resource of repayment.

 

7.9 Party A shall not give up any creditor’s
rights due and will not dispose any major assets improperly.

 

7.10 Party A has disclosed all the information
should be acknowledged by Party B to make any decision under this Contract.

 

7.11 Party A confirms that there will be
no delay in staff salary, medical and disability pension or other compensations.

 

7.12 Party A guarantees its good credit
rating and it has no significant negative records.

 

7.13 Party A guarantees that there exists
no other event that will has significant negative impact on its ability to implement its commitment.

 

Article 8 Covenants 

 

Both parties have the agreements as follows.

 

8.1 Party A guarantees to operate the business
in accordance with the law. Party A shall use the loan in accordance with the term and purpose as specified in the Contract. Party
A shall provide the financial information including monthly or annual report to Party B. Party B can monitor the use of the loan
in any way.

 

8.2 Party A shall repay the principal and
interest of loan hereunder as stipulated in the Contract, application forms and the debt or credit voucher. The practical repayment
date, amount, currency and interest rate should be complied with the debt or credit voucher.

 

8.3 Party A guarantees to provide Party
B with new guaranty once there occurs or will occur any events which may adversely affect the financial situation or ability to
guarantee of the guarantor.

 

8.4 Party A commits that the following
actions shall not be taken without the written approval of Party B.

 

8.4.1 Selling, offering, renting, lending,
transferring, mortgaging, pledging or disposing most or all of its significant assets in other ways.

 

8.4.2 Contracting, rent, jointly operation,
external investment, stock restructuring, merger, division, transfer of stock, material increase of debt financing, setup of subsidiary,
transfer of property, decrease of registered capital, winding-up, dissolution, application (or be applied for) for bankruptcy,
reconstruction and other action that may cause an adverse impact on Party B's rights and interests.

 

    	10

    	 

    

 

8.4.3 Amendment of company’s article
of association or other setup file and change of scope of operation or major business

 

8.4.4 Provision of guaranty to third party
that may cause an adverse impact on Party A’s financial condition or ability to repay debt under the Contract.

 

8.4.5 Prepayment of other long-term liability

 

8.4.6 Signing Contract or agreement that
may cause an adverse impact on Party A’s ability to repay debt under the Contract.

 

8.5 Party A commits to notice Party B on
the day the event occurs and send the original documents with company chop to Party B within 5 bank working days from the event
occurs.

 

8.5.1 Events that may lead to the representations
or warranties becoming fake, false or ineffective.

 

8.5.2 Party A, its holding shareholder,
actual controller or other related person are or may be involved in any material economic dispute, litigation or arbitration, or
its property is subject to attachment, seizure or enforcement, or the legal representative, directors, supervisors or key management
personnel of Party A are in any material dispute, litigation, arbitration or other compulsory administrative measures.

 

8.5.3 Any change of its legal representative,
authorized agent, executive, chief financial executive, corresponding address, company name, working domicile, and others.

 

8.5.4 Being applied to restructure or bankruptcy
by other creditors or higher supervision department.

 

8.5.5 Other events that may cause an adverse
impact on Party A’s ability to repay debt under the Contract.

 

8.6 Party A guarantees to repay the loans
according to the normal repayment order and the debt hereunder is not subordinated to other debt Contract signed by Party A in
the future.

 

8.7 Party A shall try to repay the principal
and interest under the loan in same currency. If the currency of deducted amount is different from that of the loan hereunder,
the amount will be converted to the currency of the loan using the method described in Article Nine below by Party A itself or
by Party B with the authorization from Party A. Party A shall bear all the expenses incurred. If the guarantor repays the loan
for Party A in a different currency, Party A shall also bear all the related expenses incurred.

 

    	11

    	 

    

 

8.8 Party A shall provide other guaranties
acknowledged by Party B if the original guaranty is changed under some situation. The situation includes, but not limits to winding-up,
dissolution, suspension of business, cancellation of its business license, or application (or be applied for) for restructure or
bankruptcy, great change in financial or operational condition of the guarantor, significant litigation or arbitration, legal representative,
director, controller, key management personnel engaging in lawsuit, decrease or future possible decrease in the value of security,
other breach of guaranty Contract or requirement to terminate the guaranty Contract.

 

8.9 Party A undertakes to accept credit
check by Party B, to provide financial documents including balance sheets and income statements and other documents that reflect
Party A's ability to repay its debts, as requested by Party Bs, and to actively assist and cooperate with Party B in investigating,
understanding and supervising its production, operation and financial conditions.

 

8.10 Party B may require Party A to early
repay any loan based on Party A's collection of receivables.

 

8.11 Special agreement for group client
- Not applicable.

 

Article 9 Deduction and setoff

 

9.1 When any debt due hereunder in accordance
with this Contract, Party B may deduct relevant amount from the ordinary collection account or special collection account opened
by Party A with Party B. If the fund saved in the ordinary collection account or special collection account is not enough to meet
the amount of repayment. Party B may deduct relevant amount from any accounts opened by Party A with Party B or any other branch
office of Shanghai Pudong Development Bank to set off such debt, until all debts of Party A hereunder are fully settled.

 

9.2 Except any stipulation made by the
government, if the amount deducted by Party B is insufficient to repay all debts owed by Party A, the amount deducted shall set
off the unpaid expenses, then the due interests, finally the due principal.

 

9.3 If the currency of deducted amount
is different from that of the loan hereunder, the situation shall be dealt with as follows:

 

9.3.1 If the loan currency is RMB, the
amount will be converted to RMB in accordance with applicable bid rate of RMB published by Party B on the date of such deduction.

 

9.3.2 If the loan currency is not RMB and
the deduction currency is RMB, the amount will be converted to the loan currency in accordance with applicable selling rate of
the loan currency published by Party B on the date of such deduction.

 

9.3.3 If both of the loan currency and
deduction currency are not RMB, the amount will be first converted to RMB in accordance with applicable bid rate of RMB published
by Party B on the date of such deduction. Then the RMB will be further converted to the loan currency in accordance with applicable
selling rate of the loan currency published by Party B on the date of such deduction.

 

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Article 10 Debt certificate

 

Party B shall keep record in its account
for the principal, interests and fees and other fees of Party A under this Contract. The above mentioned record and the documentation
for the drawdown, repayment and payment of interest are the certificates of the debts between the two parties.

 

Article 11 Notices and arrival

 

11.1 Unless otherwise agreed, the address
of each Party as stated in the signature page of this Contract will be its address for communication and contact. If the contact
address or other contact information of a Party changes, such Party shall promptly notify the other Party of such changes in writing.
The arrival date is agreed as follows: If the notice is the letter, the 7th bank working day after sending is the deemed arrival
date. If the notice is courier sending, the signing date is the deemed arrival date. If the notice is fax or email, the sending
date is the deemed arrival date.

 

But all the notices, requirements or other
information sending to Party B should be deemed arrival when Party B actually received. Any information sending by fax or email
should be chopped and the original should be sent to Party B after the notice.

 

11.2 Party A agrees that any summons or
notice issued due to litigation sending to the address as stated in the signature page of this Contract is deemed as arrival. If
the change of address is not informed to Party B, the change is ineffective.

 

Article 12 Effectiveness, Modification
and Termination of Contract 

 

12.1 The Contract shall come into effect
after the signing and stamping of the legal representative or the authorized agent, and also the chop of the company. The Contract
shall terminate after all the liabilities under the loan are paid up.

 

12.2 After the Contract takes into effect,
any party shall not modify or terminate in advance the Contract. The modification or termination of the Contract, if required,
shall be subject to the written agreement of both parties hereto through consultation. The loan Contract shall remain in force
before the written Contract is entered into.

 

Article 13 Default and Treatment

 

13.1 Party A will be in default upon occurrence
of any of the following events:

 

13.1.1 Any of its representations, warranties,
undertakings or notice, authorization, approval, certificates and other documents hereunder is incorrect, misleading, ineffective,
or lose legal effect.

 

13.1.2 Breach of any item agreed in Article
Eight.

 

13.1.3 Party B fails to settle any other
debt when it becomes due (including due to accelerated maturity declared by the creditor), or is in default or breach of any of
its obligations under other agreements, which has affected or may affect performance of its obligations hereunder.

 

13.1.4 The major investor of Party A is
engaged in drawdown of funds, transfer of assets, and sale of stocks without authorization.

 

    	13

    	 

    

 

13.1.5 The guarantor is lack of the ability
of guarantee or breach the guaranty Contract signed.

 

13.1.6 Party A is or may be under winding-up,
dissolution, liquidation, suspension of business, or its business license has been or may be revoked or cancelled, or it has applied
or been applied, or may apply or be applied, for bankruptcy.

 

13.1.7 Party A or its guarantor’s
financial condition suffer deterioration, which has affected or may affect performance of its obligations hereunder; or there occurs
the events which put negative effects on the financial condition or ability of repayment of Party A or its guarantor.

 

13.1.8 Party A, its holding shareholder,
actual controller or other related person is or may be involved in any material economic dispute, litigation or arbitration, or
its property is subject to attachment, seizure or enforcement, or the legal representative, directors, supervisors or key management
personnel of Party A are in any material dispute, litigation, arbitration or other compulsory administrative measures, which has
negative effect on its ability to repay the obligations hereunder.

 

13.1.9 Party A does not use the loan within
the scope of purpose.

 

13.1.10 There is false or fake information
in the application documents of loan.

 

13.1.11 Party A’s financial indicators
do not comply with agreed standard.

 

13.1.12 Irregular capital transaction noted
in the ordinary collection account or special collection account  ,

 

13.1.13 Other events that may cause adverse
impact on realization of Party B's claim hereunder.

 

13.2 If Party A is in default, Party B
may take any one or more of the following steps:

 

13.2.1.1 Party B may require Party A to
remedy its default within a designated period;

 

13.2.1.2 Party B may cease to advance the
loans and other amounts to Party B under this Contract, and cancel all or part of the loan or other amount for which Party A has
not made drawdown;

 

13.2.1.3 Party B may declare immediate
maturity of all or part of the loans under this Contract, require immediate repayment of such loans and amounts and look for recovery
of the outstanding interest from Party A or its guarantor;

 

13.2.1.4 Party A should pay penalty and
compounded interest on the overdue and misusing loan;

 

13.2.1.5 Party B can deduct the amount
from any of Party A’s account with any branch of Shanghai Pudong Development bank;

 

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13.2.1.6 Require Party A to make supplementary
requirements on the drawdown of the loan or change the method of payment;

 

13.2.1.7 Party A can be asked for other
guarantors who are accepted;

 

13.2.1.8 Other steps that are set out under
applicable laws and regulations.

 

13.2.2 Except the measures mentioned above,
Party B may require Party A to take the responsibility of breach of Contract and ask Party A to make compensation(Calculation is
listed in Part I). If the compensation exceeds the losses caused by such default of Party A, Party A will make full compensation
for the losses.

 

13.2.3 If Party A does not repay full amount
of the principle and interest due, Party A needs to bear all the costs, such as the collection fee, litigation fee, notice fee,
legal fee, travelling expense, interpretation fee and all other fees.

 

Article 14 Other terms

 

14.1 Definition

 

14.1.1 The “creditor’s right”
under this Contract means the loan principle, interest, penalty and other expenses relating to the loan.

 

14.1.2 The “interest” under
this Contract means all the normal lending interest, penalty interest and the compounded interest of the loan.

 

14.1.3 The “bank working day”
under this Contract means Party B’s operational days of public service, excluding Saturday and Sunday or other legal holidays.

 

14.2 Applicable laws

 

This Contract shall be governed by and
interpreted in accordance with the law of the People's Republic of China.

 

14.3 Dispute resolution

 

The Parties shall attempt to resolve through
consultation any dispute arising from the conclusion, contents, performance and interpretation of this Agreement or in connection
with this Agreement. If the Parties are not willing to or are unable to resolve such dispute through consultation, either Party
may submit the dispute to a court in the place where Party B is located to start litigation. During the proceedings, the Parties
shall continue to perform their respective duties, responsibilities and obligations hereunder in a faithful, diligent and responsible
manner.

 

14.4 Miscellaneous

 

14.4.1 If
any information needs to be supplemented, both parties can agree to record the information in Part I of this Contract or make another
written agreement as the appendix of this Contract.

 

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14.4.2 During
the Contract term, failure to exercise, partial exercise or delay in exercise by Party B of any of its rights hereunder will not
constitute waiver of or amendment to such right or any other right, nor will it affect Party B's further exercise of such right
or any other right.

 

14.4.3 Invalidity or unenforceability of
any provision hereof will not affect validity or enforceability of any other provision hereof or validity of the whole Contract.
Party B has the right to terminate the Contract and chase up Party A with the outstanding debt under this Contract whenever the
Contract becomes invalid.

 

14.4 Party B may transfer all or part of
its rights hereunder to a third party, without consent of Party A. Under this circumstance, Party A still needs to take all the
responsibility under this Contract for the third party.

 

14.5 Unless there are any special notes
in the Contract, the related wording and description in the appendix are of the same meaning and effect with that in the Contract.

 

14.6 The headings are for reference only,
and do not constitute any interpretation of this Contract.

 

    	16

    	 

    

 

The Contract is signed on November 18,
2010 by both parties. Party A hereby confirms by signing or affixing of seal that all terms of this Contract have been fully
negotiated. The understanding of Party A and Party B of this Contract is consistent and accurate, especially regarding to the rights
and obligations of each Party, the restriction of responsibilities and exceptions. The Parties have no dispute over ALL the terms
of this Contract.

 

	Party A: CER Energy Recovery (Shanghai) Co., Ltd. (Seal)	 	Party B: Shanghai Pudong Development Bank Shanghai branch (Seal)
	 	 	 
	Lf Legal Representative:   Qinghuan Wu                      	 	Legal Representative:    Jiang Lin                                    
	 	 	 
	(Or duly authorized representative)	 	(Or duly authorized representative)
	 	 	 
	Main Address:	 	Main Address:
	 	 	 
	Zip code:	 	Zip code:
	 	 	 
	Telephone No.:	 	Telephone No.:
	 	 	 
	Fax:	 	Fax:
	 	 	 
	Email:	 	Email::
	 	 	 
	Contact Person:	 	Contact Person:

 

    	17

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