Document:

exv10w6

 

EXHIBIT 10.6

Grant No.: _____

Global Secure Corp.

Nonstatutory Stock Option Notice

     This Notice evidences the award of nonstatutory stock options (each, an “Option” or
collectively, the “Options”) that have been granted to you, [NAME], subject to the terms of the
attached Nonstatutory Stock Option Agreement (the “Agreement”). The Options entitle you to
purchase shares of common stock, par value [$0.01] per share (“Common Stock”), of Global Secure
Corp., a Delaware corporation (the “Company”), under the GlobalSecure Holdings, Ltd. 2005 Stock
Incentive Plan (the “Plan”). The number of shares you may purchase and the exercise price at which
you may purchase them are specified below. This Notice constitutes part of and is subject to the
terms and provisions of the Agreement and the Plan, which are incorporated by reference herein.

Grant Date: [GRANT DATE]

Number of Shares: [NUMBER]

Exercise Price: [PRICE] per share

Expiration Date: The Options expire at 5:00 p.m. Eastern Time on the last business day
coincident with or prior to the [10th] anniversary of the Grant Date (the “Expiration
Date”), unless fully exercised or terminated earlier.

Exercisability Schedule: Subject to the terms and conditions described in the Agreement,
the Options become exercisable in accordance with the schedule below:

	 	 	 	 	 	 	 
	16,666 November 6, 2005

	 	16,667 May 6, 2006
	 	16,666 November 6, 2006
	 	16,667 May 6, 2007
	 
	 	 	 	 	 	 
	16,666 November 6, 2007

	 	16,668 May 6, 2008	 	 	 	 

Acceleration Events: The extent to which you may purchase shares under the Options may be
accelerated in the following circumstances:

· If your Service with the Company is terminated coincident with or within [one year]
following a Change in Control either by the Company or its successor without Cause or by you
for Good Reason, the Options that had not yet become exercisable as of the date of
termination will immediately become 100% exercisable.

· If, before any Options have become exercisable, your Service with the Company terminates
as a result of your Total and Permanent Disability or death, 25% of the Options that had not
yet become exercisable will become exercisable upon your termination.

	 	 	 	 	 
	 	 	GLOBAL SECURE CORP.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Date:	 	 
	 

	 	 	 	 

 

 

Grant No.: _____

Nonstatutory Stock Option Agreement

Under The

GlobalSecure Holdings, Ltd. 2005 Stock Incentive Plan

     1. Terminology. Capitalized terms used in this Agreement and not defined in context
are defined in the correlating Stock Option Notice and/or the Glossary at the end of the Agreement.

     2. Exercise of Options.

          (a) Exercisability. The Options will become exercisable in accordance with the
Exercisability Schedule set forth in the Stock Option Notice, so long as you are in the Service of
the Company from the Grant Date through the applicable exercisability dates. None of the Options
will become exercisable after your Service with the Company ceases, unless the Stock Option Notice
provides otherwise with respect to exercisability that arises as a result of your cessation of
Service.

          (b) Right to Exercise. You may exercise the Options, to the extent exercisable, at
any time on or before 5:00 p.m. Eastern Time on the Expiration Date or the earlier termination of
the Options, unless otherwise provided under applicable law. Section 3 below describes certain
limitations on exercise of the Options that apply in the event of your death, Total and Permanent
Disability, or termination of Service. The Options may be exercised only in multiples of whole
Shares and may not be exercised at any one time as to fewer than one hundred Shares (or such lesser
number of Shares as to which the Options are then exercisable). No fractional Shares will be
issued under the Options.

          (c) Exercise Procedure. In order to exercise the Options, you must provide the
following items to the Secretary of the Company or his or her delegate before the expiration or
termination of the Options:

	 	(i)	 	notice, in such manner and form as the
Administrator may require from time to time, specifying the number of
Shares to be purchased under the Options;
	 
	 	(ii)	 	full payment of the Exercise Price for the
Shares or properly executed, irrevocable instructions, in such manner
and form as the Administrator may require from time to time, to
effectuate a broker-assisted cashless exercise, each in accordance
with Section 2(d) of this Agreement; and
	 
	 	(iii)	 	an executed copy of any other agreements
requested by the Administrator pursuant to Section 2(e) of this
Agreement.

An exercise will not be effective until the Secretary of the Company or his or her delegate
receives all of the foregoing items.

          (d) Method of Payment. You may pay the Exercise Price by:

	 	(i)	 	delivery of cash, certified or cashier’s
check, money order or other cash equivalent acceptable to the
Administrator in its discretion;
	 
	 	(ii)	 	a broker-assisted cashless exercise in
accordance with Regulation T of the Board of Governors of the Federal
Reserve System through a brokerage firm approved by the
Administrator;
	 
	 	(iii)	 	subject to such limits as the
Administrator may impose from time to time, tender (via actual
delivery or attestation) to the Company of other

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

 

 

	 	 	 	shares of Common Stock of the Company which have a Fair Market Value on the date of
tender equal to the Exercise Price, provided that
tender of such shares will not result in the Company having to record
a charge to earnings under United States generally accepted
accounting principles then applicable to the Company;
	 
	 	(iv)	 	any other method approved by the
Administrator; or
	 
	 	(v)	 	any combination of the foregoing.

          (e) Agreement to Execute Other Agreements. You agree to execute, as a condition
precedent to the exercise of the Options and at any time thereafter as may reasonably be requested
by the Administrator, a Stock Restriction Agreement substantially in the form, and containing the
terms and provisions, of the Stock Restriction Agreement attached hereto as Exhibit A, with
respect to any shares you acquire pursuant to this Agreement; provided, however,
that execution of the Stock Restriction Agreement will not be required upon any exercise that
occurs after the closing of the first public offering of capital stock of the Company that is
effected pursuant to a registration statement filed with, and declared effective by, the Securities
and Exchange Commission under the Securities Act of 1933 or, if later, the expiration of any market
stand-off agreement that applies to other stockholders of the Company respecting such public
offering of capital stock.

          (f) Issuance of Shares upon Exercise. As soon as practicable after exercise of the
Options, the Company will deliver a share certificate to you, or deliver Shares electronically or
in certificate form to your designated broker on your behalf, for the Shares issued upon exercise.
Any share certificates delivered will, unless the Shares are registered or an exemption from
registration is available under applicable federal and state law, bear a legend restricting
transferability of such Shares and referencing any applicable Stock Restriction Agreement.

     3. Termination of Service.

          (a) Termination of Unexercisable Options. If your Service with the Company ceases for
any reason, the Options that are then unexercisable, after giving effect to any exercise
acceleration provisions set forth on the Stock Option Notice, will terminate immediately upon such
cessation.

          (b) Exercise Period Following Termination of Service. If your Service with the
Company ceases for any reason other than discharge for Cause, the Options that are then
exercisable, after giving effect to any exercise acceleration provisions set forth on the Stock
Option Notice, will terminate upon the earliest of:

     (i) the expiration of 90 days following such cessation, if your Service ceases
on account of (1) your termination by the Company other than a discharge for Cause,
or (2) your voluntary termination other than for Total and Permanent Disability or
death;

     (ii) the expiration of 12 months following such cessation, if your Service
ceases on account of your Total and Permanent Disability or death;

     (iii) the expiration of 12 months following your death, if your death occurs
during the periods described in clauses (i) or (ii) of this Section 3(b), as
applicable; or

     (iv) the Expiration Date.

In the event of your death, the exercisable Options may be exercised by your executor, personal
representative, or the person(s) to whom the Options are transferred by will or the laws of descent
and distribution.

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

2

 

          (c) Misconduct. The Options will terminate in their entirety, regardless of whether
the Options are then exercisable, immediately upon your discharge from Service for Cause, or upon
your commission of any of the following acts during the exercise period following your termination
of Service: (i) fraud on or misappropriation of any funds or property of the Company, or (ii) your
breach of any provision of any employment, non-disclosure, non-competition, non-solicitation,
assignment of inventions, or other similar agreement executed by you for the benefit of the
Company, as determined by the Administrator, which determination will be conclusive.

          (d) Change in Status. In the event that your Service is with a business, trade or
entity that, after the Grant Date, ceases for any reason to be part or an Affiliate of the Company,
your Service will be deemed to have terminated for purposes of this Section 3 upon such cessation
if your Service does not continue uninterrupted immediately thereafter with the Company or an
Affiliate of the Company.

     4. Market Stand-Off Agreement. You agree that following the effective date of a
registration statement of the Company filed under the Securities Act of 1933, you, for the duration
specified by and to the extent requested by the Company and an underwriter of Common Stock or other
securities of the Company, shall not offer, sell, contract to sell, pledge or otherwise dispose of,
directly or indirectly, any equity securities of the Company, or any securities convertible into or
exchangeable or exercisable for such securities, enter into a transaction which would have the same
effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any
of the economic consequences of ownership of such securities, whether any such aforementioned
transaction is to be settled by delivery of such securities or other securities, in cash or
otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition,
or to enter into any such transaction, swap, hedge or other arrangement, in each case during the
seven days prior to and the 180 days after the effectiveness of any underwritten offering of the
Company’s equity securities (or such longer or shorter period as may be requested in writing by the
managing underwriter and agreed to in writing by the Company) (the “Market Stand-Off Period”),
except as part of such underwritten registration if otherwise permitted. In addition, you agree to
execute any further letters, agreements and/or other documents requested by the Company or its
underwriters that are consistent with the terms of this Section 4. The Company may impose
stop-transfer instructions with respect to securities subject to the foregoing restrictions until
the end of such Market Stand-Off Period.

     5. Nontransferability of Options. These Options are nontransferable otherwise than by
will or the laws of descent and distribution and during your lifetime, the Options may be exercised
only by you or, during the period you are under a legal disability, by your guardian or legal
representative. Except as provided above, the Options may not be assigned, transferred, pledged,
hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be
subject to execution, attachment or similar process.

     6. Nonqualified Nature of the Options. The Options are not intended to
qualify as incentive stock options within the meaning of Code section 422, and this Agreement shall
be so construed. You hereby acknowledge that, upon exercise of the Options, you will recognize
compensation income in an amount equal to the excess of the then Fair Market Value of the Shares
over the Exercise Price and must comply with the provisions of Section 7 of this Agreement with
respect to any tax withholding obligations that arise as a result of such exercise.

     7. Withholding of Taxes. At the time the Options are exercised, in whole or in part,
or at any time thereafter as requested by the Company, you hereby authorize withholding from
payroll or any other payment of any kind due to you and otherwise agree to make adequate provision
for foreign, federal, state and local taxes required by law to be withheld, if any, which arise in
connection with the Options. The Company may require you to make a cash payment to cover any withholding tax obligation as
a condition of exercise of the Options or issuance of share certificates representing Shares.

     The Administrator may, in its sole discretion, permit you to satisfy, in whole or in part, any
withholding tax obligation which may arise in connection with the Options either by electing to
have the Company withhold from the Shares to be issued upon exercise that number of Shares, or by
electing to

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

3

 

deliver to the Company already-owned shares, in either case having a Fair Market Value
equal to the amount necessary to satisfy the statutory minimum withholding amount due.

     8. Adjustments. The Administrator may make various adjustments to your Options,
including adjustments to the number and type of securities subject to the Options and the Exercise
Price, in accordance with the terms of the Plan. In the event of any transaction resulting in a
Change in Control (as defined in the Plan) of the Company, the outstanding Options will terminate
upon the effective time of such Change in Control unless provision is made in connection with the
transaction for the continuation or assumption of such Options by, or for the substitution of the
equivalent awards of, the surviving or successor entity or a parent thereof. In the event of such
termination, you will be permitted, immediately before the Change in Control, to exercise or
convert all portions of such Options that are then exercisable or which become exercisable upon or
prior to the effective time of the Change in Control.

     9. Non-Guarantee of Employment or Service Relationship. Nothing in the Plan or this
Agreement will alter your at-will or other employment status or other service relationship with the
Company, nor be construed as a contract of employment or service relationship between you and the
Company, or as a contractual right for you to continue in the employ of, or in a service
relationship with, the Company for any period of time, or as a limitation of the right of the
Company to discharge you at any time with or without Cause or notice and whether or not such
discharge results in the failure of any of the Options to become exercisable or any other adverse
effect on your interests under the Plan.

     10. No Rights as a Stockholder. You shall not have any of the rights of a stockholder
with respect to the Shares until such Shares have been issued to you upon the due exercise of the
Options. No adjustment will be made for dividends or distributions or other rights for which the
record date is prior to the date such Shares are issued.

     11. The Company’s Rights. The existence of the Options shall not affect in any way
the right or power of the Company or its stockholders to make or authorize any or all adjustments,
recapitalizations, reorganizations or other changes in the Company’s capital structure or its
business, or any merger or consolidation of the Company, or any issue of bonds, debentures,
preferred or other stocks with preference ahead of or convertible into, or otherwise affecting the
Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale
or transfer of all or any part of the Company’s assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise.

     12. Entire Agreement. This Agreement, together with the correlating Stock Option
Notice and the Plan, contain the entire agreement between you and the Company with respect to the
Option. Any oral or written agreements, representations, warranties, written inducements, or other
communications made prior to the execution of this Agreement with respect to the Options shall be
void and ineffective for all purposes.

     13. Amendment. This Agreement may be amended from time to time by the Administrator
in its discretion; provided, however, that this Agreement may not be modified in a
manner that would have a materially adverse effect on the Options or Shares as determined in the
discretion of the Administrator, except as provided in the Plan or in a written document signed by
you and the Company.

     14. Conformity with Plan. This Agreement is intended to conform in all respects with,
and is subject to all applicable provisions of, the Plan. Any conflict between the terms of this
Agreement and the Plan shall be resolved in accordance with the terms of the Plan. In the event of
any ambiguity in this Agreement or any matters as to which this Agreement is silent, the Plan shall
govern. A copy of the Plan is provided to you with this Agreement.

{Glossary begins on next page}

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

4

 

GLOSSARY

          (a) “Affiliate” means any entity, whether now or hereafter existing, which controls, is
controlled by, or is under common control with, Global Secure Corp. For this purpose, “control”
means ownership of 50% or more of the total combined voting power or value of all classes of stock
or interests of the entity.

          (b) “Cause” unless otherwise defined in an employee’s employment agreement, in which case such
definition shall take precedence, has the meaning ascribed to such term or words of similar import
in your written employment or service contract with the Company as in effect at the time at issue
and, in the absence of such agreement or definition, means your (i) conviction of, or plea of nolo
contendere to, a felony or crime involving moral turpitude; (ii) fraud on or misappropriation of
any funds or property of the Company, any affiliate, customer or vendor; (iii) personal dishonesty,
incompetence, willful misconduct, willful violation of any law, rule or regulation (other than
minor traffic violations or similar offenses) or breach of fiduciary duty which involves personal
profit; (iv) willful misconduct in connection with your duties or willful failure to perform your
responsibilities in the best interests of the Company; (v) illegal use or distribution of drugs;
(vi) violation of any Company rule, regulation, procedure or policy; or (vii) breach of any
provision of any employment, non-disclosure, non-competition, non-solicitation or other similar
agreement executed by you for the benefit of the Company, all as determined by the Administrator,
which determination will be conclusive.

          (c) “Company” includes Global Secure Corp. and its Affiliates, except where the context
otherwise requires. For purposes of determining whether a Change in Control has occurred, Company
shall mean only Global Secure Corp.

          (d) “Fair Market Value” of a share of Common Stock generally means either the closing price or
the average of the high and low sale price per share of Common Stock on the relevant date, as
determined in the Administrator’s discretion, as reported by the principal market or exchange upon
which the Common Stock is listed or admitted for trade. Refer to the Plan for a detailed
definition of Fair Market Value, including how Fair Market Value is determined in the event that no
sale of Common Stock is reported on the relevant date.

          (e) “Good Reason” has the meaning ascribed to such term or words of similar import in your
written employment or service contract with the Company as in effect at the time at issue. In the
absence of such agreement or definition, Good Reason means any requirement that the you relocate,
by more than 100 miles, the principal location from which you perform services for the Company as
compared to such location immediately prior to the occurrence of the Change in Control.

          (f) “Service” means your employment or other service relationship with the Company.

          (g) “Shares” mean the shares of Common Stock underlying the Options.

          (h) “Stock Option Notice” means the written notice evidencing the award of the Options that
correlates with and makes up a part of this Agreement.

          (i) “Total and Permanent Disability” means the inability to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or which has lasted or can be expected to last for a continuous period
of not less than twelve months. The Administrator may require such proof of Total and Permanent
Disability as the Administrator in its sole discretion deems appropriate and the Administrator’s
good faith determination as to whether you are totally and permanently disabled will be final and
binding on all parties concerned.

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

 

 

          (j) “You”; “Your”. “You” or “your” means the recipient of the award of Options as reflected
on the Stock Option Notice. Whenever the Agreement refers to “you” under circumstances where the
provision should logically be construed, as determined by the Administrator, to apply to your
estate, personal representative, or beneficiary to whom the Options may be transferred by will or
by the laws of descent and distribution, the word “you” shall be deemed to include such person.

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

6

 

EXERCISE FORM

Administrator of 2005 Stock Incentive Plan

c/o Office of the Corporate Secretary

Global Secure Corp.

2600 Virginia Ave., NW

Suite 600

Washington, DC 20037

Gentlemen:

     I hereby exercise the Options granted to me on ___, ___, by Global Secure
Corp. (the “Company”), subject to all the terms and provisions of the applicable grant agreement
and of the GlobalSecure Holdings, Ltd. 2005 Stock Incentive Plan (the “Plan”), and notify you of my
desire to purchase ___shares of Common Stock of the Company at a price of $___
per share pursuant to the exercise of said Options.

     [Add the following if exercise occurs while the Company is privately held:

     This will confirm my understanding with respect to the shares to be issued to me by reason of
this exercise of the Options (the shares to be issued pursuant hereto shall be collectively
referred to hereinafter as the “Shares”) as follows:

          (a) I am purchasing the Shares for my own account for investment only, and not with a view to,
or for sale in connection with, any distribution of the Shares in violation of the Securities Act
of 1933 (the “Securities Act”), or any rule or regulation under the Securities Act.

          (b) I understand that the Shares are being issued without registration under the Securities
Act, in reliance upon one or more exemptions contained in the Securities Act, and such reliance is
based in part on the above representation. I also understand that the Company is not obligated to
comply with the registration requirements of the Securities Act or with the requirements for an
exemption under Regulation A under the Securities Act for my benefit.

          (c) I have had such opportunity as I deemed adequate to obtain from representatives of the
Company such information as is necessary to permit me to evaluate the merits and risks of my
investment in the Company.

          (d) I have sufficient experience in business, financial and investment matters to be able to
evaluate the risks involved in the purchase of the Shares and to make an informed investment
decision with respect to such purchase.

          (e) I can afford a complete loss of the value of the Shares and am able to bear the economic
risk of holding such Shares for an indefinite period.

          (f) I understand that (i) the Shares have not been registered under the Securities Act and are
“restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares
cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under
the Securities Act or an exemption from registration is then available and, therefore, they may
need to be held indefinitely; and (iii) there is now no registration statement on file with the
Securities and Exchange Commission with respect to any stock of the Company and the Company has no
obligation or current intention to register the Shares under the Securities Act. As a condition to
any transfer of the Shares, I understand that the Company may require an opinion of counsel
satisfactory to the Company to the effect that such transfer does not require registration under
the Securities Act or any state securities law.

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]

 

 

            (g) I understand that the certificates for the Shares to be issued to me will bear a legend
substantially as follows:

The shares of stock represented by this certificate are subject to restrictions on
transfer, an option to purchase and a market stand-off agreement set forth in a
certain Stock Restriction Agreement between the corporation and the registered owner
of this certificate (or his predecessor in interest), and no transfer of such shares
may be made without compliance with that Agreement. A copy of that Agreement is
available for inspection at the office of the corporation upon appropriate request and
without charge.

The securities represented by this stock certificate have not been registered under
the Securities Act of 1933 (the “Act”) or applicable state securities laws (the “State
Acts”), and shall not be sold, pledged, hypothecated, donated, or otherwise
transferred (whether or not for consideration) by the holder except upon the issuance
to the corporation of a favorable opinion of its counsel and/or submission to the
corporation of such other evidence as may be satisfactory to counsel for the
corporation, to the effect that any such transfer shall not be in violation of the Act
and the State Acts.

The Company will issue appropriate stop transfer instructions to its transfer agent.

            (h) I am a party to a grant agreement and a stock restriction agreement with the Company,
pursuant to which I have agreed to certain restrictions on the transferability of the Shares and
other matters relating thereto.]

Total Amount Enclosed: $                                        

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	(Optionee)
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Received by Global Secure Corp. on
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	                                                            ,                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Global Secure Corp.

Nonstatutory Stock Option Agreement

2005 Stock Incentive Plan

[NAME]exv10w7

 

EXHIBIT 10.7

GLOBALSECURE HOLDINGS, LTD.

2003 INCENTIVE STOCK PLAN

STOCK OPTION AGREEMENT

     This Stock Option Agreement is entered into under and subject to the Company’s 2003 Incentive
Stock Plan (“Plan”). Unless otherwise defined herein, capitalized terms shall have the same
meanings in this Stock Option Agreement as are defined in the Plan

	III.	 	NOTICE OF STOCK OPTION GRANT

Craig Bandes

c/o GlobalSecure Holdings, Ltd.

8401 Corporate Drive

Landover, MD

     The undersigned Optionee has been granted an Option to purchase Common Stock of the Company,
subject to the terms and conditions of the Plan and this Option Agreement, as follows:

	 	 	 
	Grant Number:
	 	 
	Date of Grant:

	 	 April 15, 2003
	Vesting Commencement Date:

	 	As per Vesting Schedule below
	Exercise Price Per Share:

	 	 $0.25
	Total Number of Shares Granted:

	 	 150,000
	Total Exercise Price:

	 	 $37,500
	Type of Option:

	 	 ISO
	Term/Expiration Date:

	 	 April 14, 2008

Vesting Schedule:

     This Option shall vest: 1/24th of the total number of shares granted shall vest at
the end of each calendar month with the first vesting occurring on April 30, 2003, assuming the
employee is in continuous service on each vesting date.

Termination Period:

     This Option shall be exercisable until the earlier of (i) the Expiration Date or (ii) 90 days
after the termination of Employee’s Continuous Service as an Employee. In no event may Optionee
exercise this Option after the Term/Expiration Date as provided above and any unvested portions of
the Option shall expire immediately upon termination of Continuous Service.

	IV.	 	AGREEMENT

     1. Grant of Option. The administrator of the Plan (the “Administrator”) has granted
to the Optionee an Option to purchase the number of Shares set forth in the Notice of Grant, at the
Exercise Price per Share set forth in the Notice of Grant, and subject to the terms and conditions
of the Plan, which is incorporated herein by reference- In the event of a conflict

1

 

between the
terns and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan
shall prevail.

     If designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this Option is
intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.
Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), or to the
extent any other requirement of section 422 is not met, this Option shall be treated as a
Nonqualified Stock Option (“NSO”).

     2.Exercise of Option.

          (a) Right to Exercise. This Option shall be exercisable during its term in accordance
with the applicable provisions of the Plan and this Option Agreement.

          (b) Method of Exercise. This Option shall be exercisable by delivery of an Exercise
Notice in the form attached as Exhibit A which shall state the election to exercise the
Option, the number of Shares with respect to which the Option is being exercised, and such other
representations and agreements as may be required by the Company. The Exercise Notice shall be
accompanied by payment of the aggregate Exercise Price as to all exercised Shares and, where
required, by applicable withholding taxes. This Option shall be deemed to be exercised upon
receipt by the Company of such fully executed Exercise Notice accompanied by the aggregate Exercise
Price.

               No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such
exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares
shall be considered transferred to the Optionee on the date on which the Option is exercised with
respect to such Shares.

     3. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the
following, or a combination thereof, at the election of the Optionee:

          (a) cash or check;

          (b) consideration received by the Company under a formal cashless exercise program adopted by
the Company in connection with the Plan;

          (c) surrender of other Shares which, (i) in the case of Shares acquired upon exercise of an
option, have been owned by the Optionee for more than six (6) months on the date of surrender, and
(ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the
exercised Shares; or

          (d) such other method as the Administrator permits.

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     4. Restrictions on Exercise. This Option may not be exercised until such time as the
Plan has been approved by the shareholders of the Company, or if the issuance of such Shares upon
such exercise or the method of payment of consideration for such shares would constitute a
violation of any Applicable Law.

     5. Non-Transferability of Option- This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be exercised during the
lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be
binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

     6. Term of Option. This Option may be exercised only within the term set out in the
Notice of Grant, and may be exercised during such term only in accordance with the Plan and the
terms of this Option.

     7. Optionee’s Representations. In the event the Shares have not been registered under
the Securities Act of 1933, as amended, at the time this Option is exercised, the Optionee shall,
if required by the Company, concurrently with the exercise of all or any portion of this Option,
deliver to the Company his or her Investment Representation Statement in the form attached hereto
as Exhibit B.

     8. Lock-Up Period. Optionee hereby agrees that, if so requested by the Company or any
representative of the underwriters (the “Managing Underwriter”) in connection with any registration
of the offering of any securities of the Company under the Securities Act or applicable law of any
other jurisdiction in which an offering is being made by the Company, Optionee shall not sell or
otherwise transfer any Shares or other securities of the Company during the 180-day period (or such
other period as may be requested in writing by the Managing Underwriter and agreed to in writing by
the Company) (the “Market Standoff Period”) following the effective date of a registration
statement of the Company filed under the Securities Act- Such restriction shall apply only to the
first registration statement of the Company to become effective under the Securities Act that
includes securities to be sold on behalf of the Company to the public in an underwritten public
offering under the Securities Act. The Company may impose stop-transfer instructions with respect
to securities subject to the foregoing restrictions until the end of such Market Standoff Period.

     9. Tax Consequences. Set forth below is a brief summary as of the date of this
Agreement of some of the federal tax consequences of exercise of this Option and disposition of the
Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO
CHANGE. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF
THE SHARES.

          (a) Exercise of NSO. There may be a regular federal income tax liability, at ordinary
income tax rates, and employment taxes (FICA and FUTA) upon the exercise of an NSO, If Optionee is
an Employee or a former Employee, the Company will be required to withhold from Optionee’s
compensation or collect from Optionee and pay to the applicable taxing authorities an amount in
cash equal to the required withholdings at the time of exercise,

3

 

and may refuse to honor the
exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of
exercise.

          (b) Exercise of ISO. If this Option qualifies as an ISO, there will be no regular
federal income tax liability upon the exercise of the Option, although the Optionee may be subject
to the alternative minimum tax in the year of exercise. In addition, the Internal Revenue Service
has proposed rules that would impose employment taxes in some situations on exercise.

          (c) Disposition of Shares. The disposition of Shares is generally a taxable event.
The tax treatment will depend on whether the Option is an ISO or an NSO, and on the length of rime
for which the Shares have been held by Optionee.

          (d) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to
Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares
acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of
Grant, or (2) the date one year after the date of exercise, the Optionee shall immediately notify
the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income
tax withholding by the Company on the compensation income recognized by the Optionee.

     10. Entire Agreement; Governing Law. The Plan is incorporated herein by reference.
The Plan and this Option Agreement constitute the entire agreement of the parties with respect to
the subject matter hereof and supersede in their entirety all prior undertakings and agreements of
the Company and Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee’s interest except by means of a writing signed by the Company and
Optionee. This agreement is governed by the laws of the State of New York.

     11. No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THIS
AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREUNDER DO NOT CONSTITUTE AN EXPRESS OR IMPLIED
PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE
IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S RELATIONSHIP AS AN
EMPLOYEE AT ANY TIME, FOR ANY, OR NO, REASON EXCEPT AS MAY BE PROVIDED UNDER OTHER AGREEMENTS.

     Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar
with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms
and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Option and fully understands
all provisions of the Option. Optionee hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Administrator upon any questions arising under the Plan or
this Option. Optionee further agrees to notify the Company upon any change in the residence
address indicated below.

4

 

	 	 	 	 	 
	OPTIONEE:	 	GlobalSecure Holdings Ltd.
	/s/ Craig Bandes
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 
	Address:

	 	By:
	 	/s/ Michael Brigante
	901 S. St. Asaph St.

	 	 	 	 
	
Alexandria, VA 22314

	 	 	 	 

5

 

EXHIBIT A

2003 STOCK INCENTIVE PLAN

EXERCISE NOTICE

GlobalSecure Holdings Ltd.

110 Wall Street

New York, New York 10005

Attention: President

     1. Exercise of Option. Effective as of today,___, 20_, the undersigned Optionee
hereby elects to exercise Optionee’s option to purchase Shares of the Common Stock of GlobalSecure
Holdings Ltd. (the “Company”) under and pursuant to the 2003 Incentive Stock Plan (the “Plan”) and
the Stock Option Agreement dated ___(the “Option Agreement”).

     2. Delivery of Payment. Purchaser herewith delivers to the Company the full purchase
price of the Shares, as set forth in the Option Agreement and any other required payments.

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

     4. Rights as Shareholder. Until the issuance of the Shares (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company), no right to vote or receive dividends or any other rights as a shareholder shall exist
with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Shares shall be
issued to the Optionee as soon as practicable after the Option is exercised. No adjustment shall be
made for a dividend or other right for which the record date is prior to the date of issuance
except as provided under the terms of the Plan.

     5. Company’s Right of First Refusal. Before any Shares held by Optionee or any
transferee (either being sometimes referred to herein as the “Holder”) may be sold or otherwise
transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall
have a right of first refusal to purchase the Shares on the terms and conditions set forth in this
Section (the “Right of First Refusal”).

          (a) Notice of Proposed Transfer . The Holder of the Shares shall deliver to the
Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or
otherwise transfer such Shares; (ii) the name of each proposed purchaser or other transferee
(“Proposed Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee;
and (iv) the bona fide cash price or other consideration for which the Holder proposes to transfer
the Shares (the “Offered Price”), and the Holder shall offer the Shares at the Offered Price to the
Company or its assignee(s).

          (b) Exercise of Right of First Refusal At any time within 30 days after receipt of the
Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to
purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of
the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below.

          (c) Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by
the Company or its assignee(s) under this Section shall be the Offered Price. If the Offered Price
includes consideration other than cash, the cash equivalent value of the non-cash consideration
shall be determined by the Compensation (Remuneration) Committee of the Board of Directors of the
Company in good faith.

          (d) Payment. Payment of the Purchase Price shall be made, at the option of the Company
or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding
indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the
assignee), or by any combination thereof within 30 days after receipt of the Notice or in the
manner and at the times set forth in the Notice.

6

 

          (e) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be
transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s)
as provided in this Section, then the Holder may sell or otherwise transfer such Shares to that
Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other
transfer is consummated within 120 days after the date of the Notice, that any such sale or other
transfer is effected in accordance with any applicable securities laws and that the Proposed
Transferee agrees in writing that the provisions of this Section shall continue to apply to the
Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not
transferred to the Proposed Transferee within such period, a new Notice shall be given to the
Company, and the Company and/or its assignees shall again be offered the Right of First Refusal
before any Shares held by the Holder may be sold or otherwise transferred.

          (f) Exception for Certain Family Transfers. Anything to the contrary contained in this
Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or
on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the
benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section.
“Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father,
mother, brother or sister. In such case, the transferee or other recipient shall receive and hold
the Shares so transferred subject to the provisions of this Section, and there shall be no further
transfer of such Shares except in accordance with the terms of this Section.

          (g) Termination of Right of First Refusal The Right of First Refusal shall terminate
as to any Shares upon the first sale of Common Stock of the Company to the general public pursuant
to a registration statement filed with and declared effective by the Securities and Exchange
Commission under the Securities Act of 1933, as amended.

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

     7. Restrictive Legends and Stop-Transfer Orders. If the issuance of shares upon
exercise of this Option Agreement has not been registered under the Securities Act of 1933, as
amended, Optionee as a condition of and at the time of exercise shall deliver the Investment
Representation Statement attached as Exhibit B and the provisions of this Section 7 shall be
applicable.

          (a) Legends. Optionee understands and agrees that the Company shall cause the legends
set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s)
evidencing ownership of the Shares together with any other legends that may be required by the
Company or by state or federal securities laws:

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR ANY STATE
SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR OFFERED FOR SALE OR OTHERWISE
TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION OR AN
OPINION OF COUNSEL SATISFACTORY TO THE ISSUER AND ITS COUNSEL THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER THE ACT AND ANY STATE SECURITIES LAWS.

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET
FORTH IN THE EXERCISE NOTICE BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE
SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH
TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE
SHARES.

7

 

          (b) Stop-Transfer Notices. Optionee agrees that, in order to ensure compliance with
the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions
to its transfer agent, if any, and that, if the Company transfers its own securities, it may make
appropriate notations to the same effect in its own records.

          (c) Refusal to Transfer. The Company shall not be required (i) to transfer on its
books any Shares that have been sold or otherwise transferred in violation of any of the provisions
of this Exercise Notice or (ii) to treat as owner of such Shares or to accord the right to vote or
pay dividends to any purchaser or other transferee to whom such Shares shall have been so
transferred.

     8. Successors and Assigns. The Company may assign any of its rights under this
Exercise Notice to single or multiple assignees, and this Exercise Notice shall inure to the
benefit of the successors and assigns of the Company. Subject to the restrictions on transfer
herein set forth, this Exercise Notice shall be binding upon Optionee and his or her heirs,
executors, administrators, successors and assigns.

	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

     9. Interpretation. Any dispute regarding the interpretation of this Exercise Notice
shall be submitted by Optionee or by the Company forthwith to the Administrator which shall review
such dispute at its next regular meeting. The resolution of such a dispute by the Administrator
shall be final and binding on all parties.

     10. Governing Law; Severability. This Exercise Notice is governed by the laws of the
State of New York, without applicability of the doctrine of conflicts of law.

     11. Entire Agreement. The Plan and Option Agreement are incorporated herein by
reference. This Exercise Notice, the Plan, the Option Agreement and the Investment Representation
Statement constitute the entire agreement of the parties with respect to the subject matter hereof
and supersede in their entirety all prior undertakings and agreements of the Company and Optionee
with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s
interest except by means of a writing signed by the Company and Optionee.

	 	 	 	 	 	 	 	 	 
	Submitted by:	 	 	 	Accepted by:	 	 
	OPTIONEE	 	 	 	GLOBALSECURE HOLDINGS LTD.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 
	Signature	 	 	 	Title: President	 	 
	Print Name:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Address:	 	 	 	 	 	 

8

 

EXHIBIT B

INVESTMENT REPRESENTATION STATEMENT

	 	 	 
	OPTIONEE:
	 	 
	COMPANY:

	 	GlobalSecure Holdings Ltd.
	SECURITY:
	 	 
	AMOUNT:
	 	 
	DATE:
	 	 

     In connection with the purchase of the above-listed Securities, the undersigned Optionee
represents to the Company the following:

          (a) Optionee is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision
to acquire the Securities. Optionee is acquiring these Securities for investment for Optionee’s
own account only and not with a view to, or for resale in connection with, any “distribution”
thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”).

          (b) Optionee acknowledges and understands that the Securities constitute “restricted
securities” under the Securities Act and have not been registered under the Securities Act in
reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the
bona fide nature of Optionee’s investment intent as expressed herein. In this connection, Optionee
understands that, in the view of the Securities and Exchange Commission, the statutory basis for
such exemption may be unavailable if Optionee’s representation was predicated solely upon a present
intention to hold these Securities for the minimum capital gains period specified under tax
statutes, for a deferred sale, for or until an increase or decrease in the market price of the
Securities, or for a period of one year or any other fixed period in the future. Optionee further
understands that the Securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is available. Optionee further
acknowledges and understands that the Company is under no obligation to register the Securities.
Optionee understands that the certificate evidencing the Securities will be imprinted with a legend
which prohibits the transfer of the Securities unless they are registered or such registration is
not required in the opinion of counsel satisfactory to the Company, and any other legend required
under applicable state securities laws.

          (c) Optionee is familiar with the provisions of Rule 701 and Rule 144, each promulgated under
the Securities Act, which, in substance, permit limited public resale of “restricted securities”
acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions- Rule 701 provides that if the issuer qualifies under Rule 701
at the time of the grant of the Option to the Optionee, the exercise will be exempt from
registration under the Securities Act. In the event the Company becomes subject to the reporting
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, 90 days
thereafter (or such longer period as any market stand-off agreement may require) the Securities
exempt under Rule 701 may be resold, subject to the satisfaction of certain of the conditions
specified by Rule 144, including: (1) the resale being made through a broker in an unsolicited
“broker’s transaction” or in transactions directly with a market maker (as said term

9

 

is defined
under the Securities Exchange Act of 1934, as amended); and, in the case of an affiliate, (2) the
availability of certain public information about the Company, (3) the amount of Securities being
sold during any three-month period not exceeding the limitations specified in Rule 144(e), and (4)
the timely filing of a Form 144, if applicable. In the event that the Company does not qualify
under Rule 701 at the time of grant of the Option, then the Securities may be resold in certain
limited circumstances subject to the provisions of Rule 144, which requires the resale to occur not
less than one year after the later of the date the Securities were sold by the Company or the date
the Securities were sold by an affiliate of the Company, within the meaning of Rule 144; and, in
the case of acquisition of the Securities by an affiliate, or by a non-affiliate who subsequently
holds the Securities less than two years, the satisfaction of the conditions set forth in sections
(1), (2), (3) and (4) of the paragraph immediately above.

          (d) Optionee further understands that in the event all of the applicable requirements of Rule
701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A,
or some other registration exemption will be required; and that, notwithstanding the fact that
Rules 144 and 70.1 are not exclusive, the Staff of the Securities and Exchange Commission has
expressed its opinion that persons proposing to sell private placement securities other than in a
registered offering and otherwise than pursuant to Rule 144 or 701 will have a substantial burden
of proof in establishing that an exemption from registration is available for such offers or sales,
and that such persons and their respective brokers who participate in such transactions do so at
their own risk. Optionee understands that no assurances can be given that any such other
registration exemption will be available in such event.

	 	 	 	 	 
	 	Signature of Optionee:

 	 

10

 

	 	 	 	 	 

CORRECTION

TO

STOCK OPTION AGREEMENT

     THIS CORRECTION TO STOCK OPTION AGREEMENT (this “Correction”) is made as of this March 28,
2005, in reference to that certain Stock Option Agreement grant date August 24, 2004, between
GlobalSecure Holdings, Ltd. and Craig Bandes, which is attached hereto (the “Stock Option
Agreement”).

RECITALS

A. At a meeting of the Board of Directors of GlobalSecure Holdings, Ltd. (the “Company”) held
on August 24, 2004, the Board of Directors of the Company granted to Craig Bandes, Chief Executive
Officer and President of the Company options to purchase 1,500,000 shares of common stock of the
Company at an exercise price of $1.22 per share (the “Options”).

B. The Board of Directors intended that the Options be granted to Mr. Bandes outside of the
Company’s 2003 Incentive Stock Plan as non-qualified stock options. However, the Stock Option
Agreement mistakenly reflected that the Options granted to Mr. Bandes were granted as incentive
stock options subject to the Company’s 2003 Incentive Stock Plan.

C. Consistent with the intent of the Board of Directors, the Company and Mr. Bandes desire to
correct the error contained Stock Option Agreement so that the Stock Option Agreement will properly
reflect that the Options are non-qualified stock options granted outside of the Company’s 2003
Incentive Stock Plan. All other terms of the Stock Option Agreement will remain the same.

     NOW THEREFORE, in consideration of the recitals, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and desiring to
correct the Stock Option Agreement so as to properly reflect the terms of the grant, the parties
intending to be legally bound, hereby agree as follows:

     1. The Stock Option Agreement is hereby amended by deleting all references to the 2003
Incentive Stock Plan of the Company and is further amended to reflect that the options granted
thereunder are non-qualified options with the cumulative effect that Options are granted outside
the 2003 Stock Incentive Plan. In all other respects, the Stock Option Agreement remains
unchanged.

     2. This Correction may be executed in more than one counterpart, each of which taken together
shall constitute one and the same original.

     3. The Stock Option Agreement as hereby modified is incorporated herein and this Correction
together with the Stock Option Agreement shall constitute one single instrument.

11

 

IN WITNESS WHEREOF, the Company and Craig Bandes have caused this Correction to be executed as
of this March 28, 2005.

	 	 	 	 	 	 	 	 	 
	GLOBALSECURE HOLDINGS, LTD.	 	 	 	Option Holder:
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/  Michael Brigante	 	 	 	By:	 	/s/  Craig Bandes
	 

	 	 
	 	 	 	 	 	 
	Name:

	 	       Michael Brigante	 	 	 	 	 	Craig Bandes
	 

	 	 	 	 	 	 	 	 
	Title:
	 	        CFO	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

12

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