Document:

ex108to8k06282_07102013.htm

Exhibit 10.8

 

SHARED SERVICES AGREEMENT

 

THIS SHARED SERVICES AGREEMENT (this “Agreement”) is entered into as of July 11, 2013, by and between Walker Digital Management, LLC, a Delaware limited liability company (“WD Management”), and GlobalOptions Group, Inc., a Delaware corporation (“GlobalOptions”).  This Agreement shall become effective as of the Effective Time (as defined in the below referenced Merger Agreement).

 

WHEREAS, Walker Digital, LLC (“Walker Digital”), Walker Digital Holdings, LLC (“WD Holdings”), GlobalOptions and GO Merger Sub LLC (“Merger Sub”) are parties to a certain Agreement and Plan of Merger, dated as of July 11, 2013 (the “Merger Agreement”), pursuant to which Merger Sub shall merge with and into WD Holdings, with WD Holdings surviving the merger as a wholly-owned subsidiary of GlobalOptions;

 

WHEREAS, WD Management is a wholly-owned subsidiary of Walker Digital;

 

WHEREAS, WD Management is willing to provide certain services to GlobalOptions as set forth herein, and GlobalOptions is willing to provide certain services to WD Management as set forth herein; and

 

WHEREAS, one of the conditions to the consummation of the transactions contemplated by the Merger Agreement is the execution by the parties hereto of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.             WD Management Services.

(a)           WD Management shall provide the services indicated on Schedule A attached hereto to GlobalOptions for the fees set forth opposite the respective services on such Schedule A.  WD Management and GlobalOptions acknowledge that it is impracticable to describe on such Schedule A the exact nature of and all details relating to the services intended to be provided by WD Management to GlobalOptions under this Agreement.  WD Management and GlobalOptions agree that the intent of this Section 1 is that WD Management provide to GlobalOptions the services described generally on the attached Schedule A in the same manner as WD Management currently provides such services.  WD Management and GlobalOptions shall cooperate with each other in good faith to determine the details concerning, and the exact means of providing, the services referred to on Schedule A attached hereto.  WD Management and GlobalOptions may add services or delete services or modify or amend such Schedule A from time to time by mutual written agreement.

(b)           GlobalOptions shall pay WD Management monthly for the services described on Schedule A attached hereto, for each respective service or component thereof, in the amounts set forth on such Schedule A.  Monthly fees for services which are provided only for a portion of any calendar month shall be pro-rated accordingly.  WD Management shall invoice GlobalOptions monthly for the fees for the services provided under this Agreement, and GlobalOptions shall pay such invoices within thirty (30) days after receipt of the invoice.

 

  

  

  

(c)           Subject to the terms of Section 5, WD Management shall provide to GlobalOptions the services indicated on the attached Schedule A until such services are terminated pursuant to this Agreement.

2.             WD Management Level of Services.

(a)           WD Management shall use the same degree of care in providing services under this Agreement as it uses in providing similar services within its own business organization.

(b)           In no event shall WD Management be liable for (i) any error or omission in rendering such services, or defect in the services rendered, except to the extent such error, omission or defect is attributable to the gross negligence or willful misconduct of WD Management or (ii) any indirect, special, consequential or punitive damages of any kind whatsoever (including lost profits), even if WD Management has been advised of the likelihood of such loss or damage and regardless of the form of action.

(c)           WD Management shall be excused from its obligation to provide any services under this Agreement in the event and to the extent that its ability to provide such services is delayed or prevented by any circumstances beyond its control, such as fire, flood, epidemic, act of God, labor dispute or civil disturbance.

3.             GlobalOptions Services.

(a)           GlobalOptions shall provide the services indicated on Schedule B attached hereto to WD Management for the fees set forth opposite the respective services on such Schedule B.  WD Management and GlobalOptions acknowledge that it is impracticable to describe on such Schedule B the exact nature of and all details relating to the services intended to be provided by GlobalOptions to WD Management under this Agreement.  WD Management and GlobalOptions agree that the intent of this Section 3 is that GlobalOptions provide to WD Management the services described generally on the attached Schedule B in the same manner as GlobalOptions currently provides such services.  WD Management and GlobalOptions shall cooperate with each other in good faith to determine the details concerning, and the exact means of providing, the services referred to on Schedule B attached hereto.  WD Management and GlobalOptions may add services or delete services or modify or amend such Schedule B from time to time by mutual written agreement.

(b)           WD Management shall pay GlobalOptions monthly for the services described on Schedule B attached hereto, for each respective service or component thereof, in the amounts set forth on such Schedule B.  Monthly fees for services which are provided only for a portion of any calendar month shall be pro-rated accordingly.  GlobalOptions shall invoice WD Management monthly for the fees for the services provided under this Agreement, and WD Management shall pay such invoices within thirty (30) days after receipt of the invoice.

(c)           Subject to the terms of Section 5, GlobalOptions shall provide to WD Management the services indicated on the attached Schedule B until such services are terminated pursuant to this Agreement.

 

  

2

  

4.            GlobalOptions Level of Services.

(a)           GlobalOptions shall use the same degree of care in providing services under this Agreement as it uses in providing similar services within its own business organization.

(b)           In no event shall GlobalOptions be liable for (i) any error or omission in rendering such services, or defect in the services rendered, except to the extent such error, omission or defect is attributable to the gross negligence or willful misconduct of GlobalOptions or (ii) any indirect, special, consequential or punitive damages of any kind whatsoever (including lost profits), even if GlobalOptions has been advised of the likelihood of such loss or damage and regardless of the form of action.

(c)           GlobalOptions shall be excused from its obligation to provide any services under this Agreement in the event and to the extent that its ability to provide such services is delayed or prevented by any circumstances beyond its control, such as fire, flood, epidemic, act of God, labor dispute or civil disturbance.

5.            Termination.

(a)           Either WD Management or GlobalOptions shall have the right to terminate this Agreement, as follows:

(i)           upon written notice thereof to the other party, if:

(A)           the other party has breached any material obligation under this Agreement and has not cured such breach within fifteen (15) days after delivery by the non-breaching party to the breaching party of written notice describing such breach; or

(B)           the other party shall become the subject of a voluntary or involuntary petition under federal or state bankruptcy or similar laws; or

(ii)           upon ninety (90) days’ prior written notice of such termination to the other party.

(b)           Unless otherwise set forth on Schedule A attached hereto, GlobalOptions shall have the right to terminate the provision by WD Management of any services indicated on such Schedule A by delivery of thirty (30) days’ prior written notice of such termination to WD Management.

(c)           Unless otherwise set forth on Schedule B attached hereto, WD Management shall have the right to terminate the provision by GlobalOptions of any services indicated on such Schedule B by delivery of thirty (30) days’ prior written notice of such termination to GlobalOptions.

(d)           Notwithstanding anything herein to the contrary, this Agreement shall automatically terminate upon such date that Walker Digital no longer holds at least a majority of the outstanding voting power of GlobalOptions; provided, however, that any provision of legal services under this Agreement shall automatically terminate upon such date that WD Management is no longer an affiliate of GlobalOptions in accordance with the State of Connecticut Rules of Professional Conduct.

 

  

3

  

6.             Confidentiality. The parties agree that certain information supplied by each to the other during the provision of services under this Agreement may be proprietary or confidential. Any such information that is marked or otherwise reasonably identified by the providing party as proprietary or confidential shall be held in confidence by the receiving party and shall be used only for the purposes intended.  The restrictions of this Section 6 shall not apply to information that: (a) the receiving party can demonstrate was obtained by the receiving party, without restrictions on use or disclosure, from a third party free to disclose it without obligation to the disclosing party; (b) is or becomes publicly known, through no wrongful act of the receiving party; (c) the receiving party can demonstrate was developed independently by such party without reference to proprietary or confidential information received hereunder; or (d) is lawfully required to be disclosed to any governmental agency or is otherwise required to be disclosed by law; provided that, before making such disclosure, the receiving party shall give the disclosing party a reasonable opportunity to interpose an objection and/or take action to ensure confidential handling of such information. The obligations of this Section 6 shall survive any termination of this Agreement.

7.             Indemnification.

(a)           WD Management shall indemnify, defend and hold harmless GlobalOptions, its affiliates and their respective directors, officers, employees, agents and representatives from and against any and all claims, actions, demands, judgments, losses, liabilities, damages, costs, expenses and fees (including reasonable attorneys’ fees and the cost of enforcing this indemnity) (collectively, “Losses”) arising out of or resulting from: (a) the gross negligence or willful misconduct of WD Management; and (b) a breach by WD Management of any provision of this Agreement.

(b)           GlobalOptions shall indemnify, defend and hold harmless WD Management, its affiliates and their respective directors, officers, employees, agents and representatives from and against any and all Losses arising out of or resulting from: (a) the gross negligence or willful misconduct of GlobalOptions; and (b) a breach by GlobalOptions of any provision of this Agreement.

8.            Relationship Between the Parties. The employees, agents or representatives of WD Management providing services to GlobalOptions under this Agreement shall not be deemed employees, agents or representatives of GlobalOptions.  The employees, agents or representatives of GlobalOptions providing services to WD Management under this Agreement shall not be deemed employees, agents or representatives of WD Management.  Neither party, nor its employees, agents or representatives, is authorized to act on behalf of or to bind the other party in any manner whatsoever.

 

  

4

  

9.             Miscellaneous

(a)           This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns.  Neither this Agreement nor the rights or obligations of the parties hereunder may be assigned, subleased or transferred (by operation of law or otherwise) by either party without the express written consent of the other party, which consent shall not be unreasonably withheld.

(b)           Nothing in this Agreement shall be construed to limit the lawful remedies available to either party in the event of breach of any provision of this Agreement, the provisions of which may be enforced by any right or remedy available at law or in equity.

(c)           All notices, requests, consents, instructions and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.  All communications shall be sent as follows:

	
  

	
(i)

	
If to WD Management:

 

Walker Digital Management, LLC

Two High Ridge Park

Stamford, CT 06905

Attn: Counsel

Email: Legal@walkerdigital.com

 

(ii)           If to GlobalOptions:

GlobalOptions Group, Inc.

Two High Ridge Park

Stamford, CT 06905

Attn: Gary A. Greene, Chief Operating Officer and General Counsel

Email: GGreene@WalkerDigital.com

 

or to such other address as the party to whom notice is to be given may have furnished to each other party in writing in accordance herewith.

 

(d)           This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to such subject matter.

(e)           This Agreement may be modified or amended only by the mutual written agreement of WD Management and GlobalOptions.

 

(f)           This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. Each of the parties (i) submits to the exclusive jurisdiction of any state or federal court sitting in New York, New York in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby, (ii) agrees that all claims in respect of such action or proceeding may be heard and determined in any such court, (iii) waives any claim of inconvenient forum or other challenge to venue in such court, (iv) agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court and (v) waives any right it may have to a trial by jury with respect to any action or proceeding arising out of or relating to this Agreement.  Each party hereto agrees to accept service of any summons, complaint or other initial pleading made in the manner provided for the giving of notices in Section 9(c); provided, that nothing in this Section 9(f) shall affect the right of any party hereto to serve such summons, complaint or other initial pleading in any other manner permitted by applicable law.

 

  

5

  

IN WITNESS WHEREOF, the parties have caused this Shared Services Agreement to be executed as of the date first written above.

 

	  	
WALKER DIGITAL MANAGEMENT, LLC

	  	  
	  	
By:

	/s/ Jay S. Walker
	  	  	
Name:

	

Jay S. Walker

	  	  	
Title:

	Authorized Person

	  	
GLOBALOPTIONS GROUP, INC.

	  	  
	  	
By:

	/s/ Harvey W. Schiller
	  	  	
Name:

	Harvey W. Schiller  
	  	  	
Title:

	Chairman and CEO

  

 

  

 

Schedule A

 

WD Management Schedule of Services

 

Description of Services

 

	
  

	
·

	
Computer Maintenance

 

	
  

	
·

	
Computer Services

 

	
  

	
·

	
Computer Software & Licenses

 

	
  

	
·

	
Computer Supplies

 

	
  

	
·

	
Equipment Rental

 

	
  

	
·

	
Office Services

 

	
  

	
·

	
Office Supplies

 

	
  

	
·

	
Postage & Delivery

 

	
  

	
·

	
Mail room, IT Support and Bookkeeping Services

 

	
  

	
·

	
Telephone

 

	
  

	
·

	
Insurance

 

	
  

	
·

	
Office Space

 

	
  

	
·

	
Utilities

 

 

Monthly Fees

 

Monthly fees payable by GlobalOptions to WD Management for each of the above-listed services shall be an amount equal to WD Management’s cost of providing such service.

 

  

 

  

 

Schedule B

 

GlobalOptions Schedule of Services

 

 

	
Description of Services

 

	
Monthly Fees

	
Intellectual Property Management

	
$55 per hour, not to exceed  20 hours per month.

 

	
Contract Management

	
$80 per hour, not to exceed 20 hours per month.

 

	
Contract drafting and negotiations

	
$100 per hour, not to exceed 20 hours per month.

 

	
General Legal Services

	
$150 per hour, not to exceed 20 hours per month.

 

	
General Finance Support

	
$150 per hour, not to exceed 20 hours per month.

 

 

Costs of the services set forth on this Schedule B are subject to change as of January 1, 2014.EXHIBIT 10.1 Form of Prommissory Note A

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR
ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR OTHERWISE TRANSFERRED, IN WHOLE OR IN PART, ABSENT
REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER SUCH
ACT AND ALL APPLICABLE STATE SECURITIES LAWS.

PROMMISSORY NOTE A

$ 1,155,000							July ___, 2013
("Closing Date")
								Old Bethpage, New York

	FOR VALUE RECEIVED, the undersigned, PW Tulare Solar, LLC, a
California limited liability company (hereinafter referred to as
"Borrower") promises to pay to the order of

Hudson Bay Partners, LP, a New York limited partnership (the
"Lender"),

at its principal office for the transaction of business at 301 Winding
Road, Old Bethpage, NY 11804 or at such other place as the holder of
this Note may from time to time designate in writing, in lawful money
of the United States of America and in the manner hereinafter
provided, the principal sum of One Million One Hundred Fifty-Five
Thousand Dollars ($1,155,000) (the "Principal Sum") with interest
thereon or such part thereof as shall remain unpaid hereunder at the
rate hereinafter set forth, in lawful money of the United States of
America, together with all sums which now or hereafter become due and
owing hereunder or under that certain Deed of Trust with Assignment of
Rents dated as of the date hereof by Borrower in favor of Lender (the
"Mortgage").  This Note is secured by the Mortgage, filed with
___________________ on or about the date hereof, on certain property
owned by the Borrower and located in Tulare County, California (the
"Property").

	Payments under this Note shall be made as follows:

       (a)	Interest shall accrue on all or such part of the Principal
Sum as shall be outstanding from time to time, at the rate of (i) 5.0%
per annum from Closing through and including the six (6) month
anniversary of the Closing Date, and (ii) 8.5% per annum from, but not
including, the six (6) month anniversary of the Closing Date through
the eighteenth (18) month anniversary of the Closing Date ("Maturity
Date").

       (b)	Interest shall be paid semi-annually and on an interest
only basis during the term of this loan.

	(c)	The entire Principal Sum, together with unpaid interest
thereon and all other sums due hereunder or under the Mortgage, shall,
if not sooner paid by the Borrower, be due and payable on the Maturity
Date.

	This Note is prepayable in whole, or in principal increments of
$5,000, by the Borrower without penalty at any time, provided, that on
any such prepayment date, the Borrower pays all interest that has
accrued on the principal amount being prepaid on such date.

	Interest shall be calculated on the basis of a three hundred
sixty five (365) day year, but interest shall accrue for the actual
number of days elapsed. Notwithstanding any other provision of this
Note, the holder hereof does not intend to charge and the Borrower
shall not be required to pay any interest or other fees or charges in
excess of the maximum permitted by applicable law; any payments in
excess of such maximum shall be refunded to the Borrower or credited
to reduce principal hereunder.

    	If any default shall occur in the payment of any amount or the
performance of any of the obligations, agreements, undertakings,
covenants or conditions contained in this Note or the Mortgage,
continuing beyond, in each case, any applicable grace period that may
be provided herein or therein, as applicable, for the payment of such
amount or the performance of such term, agreement, covenant or
condition (each an "Event of Default"), then, at the option of the
holder of this Note, without further notice or demand to the Borrower,
the entire indebtedness evidenced hereby, with interest accrued
thereon, shall become forthwith due and payable, and no omission on
the part of the holder hereof to exercise such option when entitled to
do so shall be construed as a waiver of such right.

       Upon the occurrence of an Event of Default under this Note or an
Event of Default as defined in the Mortgage, in addition to the
rights, powers and remedies available to Lender, interest on all
outstanding amounts due including principal and interest unpaid shall
accrue and be payable at the Default Rate of eighteen percent (18%)
per annum, but in no event to exceed the maximum default rate
allowable under state or federal law (the "Default Rate") without the
necessity of any action by Lender. Interest accruing at the Default
Rate shall be payable to Lender on demand.  Lender shall not be
required to accelerate the maturity of any money owed or exercise any
other rights or remedies under any document, in order for the Default
Rate to be imposed.

    	The Borrower may not assign any of its obligations hereunder
without the prior written consent of the holder of this Note.  The
payment terms and other obligations, agreements, undertakings,
covenants and conditions contained in this Note shall be binding on
the Borrower and its successors, permitted assigns and legally
appointed representatives (and all endorsers and guarantors of this
Note, and all other persons or entities now, or at any time, liable,
whether primarily, secondarily or otherwise, for payment of the
indebtedness hereby evidenced or for the performance of any of the
other obligations, agreements, undertakings, covenants or conditions
contained herein, for themselves and their heirs, successors, assigns
and legally appointed representatives, respectively).

       The Borrower (on behalf of itself, its successors, permitted
assigns and legally appointed representatives and all endorsers and
guarantors of this Note, and all other persons or entities now, or at
any time, liable, whether primarily, secondarily or otherwise, for
payment of the indebtedness hereby evidenced or for the performance of
any of the other obligations, agreements, undertakings, covenants or
conditions contained herein, for themselves, their heirs, successors,
assigns and legally appointed, representatives, respectively) agrees
to pay all costs of suit and other expenses of collection, including
reasonable fees of attorneys at the trial and all appellate levels, as
they come due, in the event that this Note is placed in the hands of
any attorney for collection or suit is brought thereon.

    	The Borrower (on behalf of itself, its successors, permitted
assigns and legally appointed representatives and all endorsers and
guarantors of this Note, and all other persons or entities now, or at
any time, liable, whether primarily, secondarily or otherwise, for
payment of the indebtedness hereby evidenced or for the performance of
any of the other obligations, agreements, undertakings, covenants or
conditions contained herein, for themselves, their heirs, successors,
assigns and legally appointed representatives, respectively) waives
presentment, protest and demand, notice of protest, demand and
dishonor and non-payment of this Note, and to the extent permitted by
law, waive and release all rights of redemption, valuation,
appraisement, notice of election to mature or to declare due the whole
of the indebtedness evidenced hereby, errors, defects and
imperfections in any proceedings instituted by the holder under the
terms of any document, all benefits that might accrue to the Borrower
by virtue of any present or future laws exempting any collateral given
by the Borrower or any guarantor to secure the performance of the
Borrower's obligations hereunder, or any part of the proceeds arising
from any sale of any such collateral, from attachment, levy, or sale
under execution, or providing for any stay of execution, exemption
from civil process, or extension of time for payment, and the Borrower
(on behalf of itself, its successors, permitted assigns and legally
appointed representatives and all endorsers and guarantors of this
Note, and all other persons or entities now, or at any time, liable,
whether primarily, secondarily or otherwise, for payment of the
indebtedness hereby evidenced or for the performance of any of the
other obligations, agreements, undertakings, covenants or conditions
contained herein, for themselves, their heirs, successors, assigns and
legally appointed representatives, respectively), agrees that
liability hereunder or under any other document shall remain
unimpaired, notwithstanding any extension of the time of payment or
other indulgence granted by the holder hereof, or the release of all
or any part of such security or the liability of any party which may
assume the obligation to make payment of the indebtedness evidenced
hereby.  In no event shall the holder, by any act or omission, be
deemed to waive any of its rights or remedies hereunder unless such
waiver shall be in writing and signed by the holder, and then only to
the extent specifically set forth therein; and a waiver of any one
event shall not be construed as continuing or as a bar to or waiver of
such right or remedy in respect of a subsequent event.

    	Wherever notice, demand or a request may be given under this Note
to the Borrower, the same shall always be sufficient if in writing and
hand delivered, deposited in the United States mails by registered or
certified mail or delivered to a recognized private express delivery
service for overnight delivery, addressed to the Borrower at 301
Winding Road, Old Bethpage, NY 11804, or to such other address as may
be provided by Borrower (or its successors, permitted assigns or
legally appointed representatives) to Lender.

Any such notice, demand or request shall be treated as having been
given upon hand delivery to such address or three (3) business days
after deposit in the United States mails or delivery to such delivery
service.  Wherever notice may be given under this Note to the holder,
the same may be given by any one Authorized Representative (as
hereinafter defined) of the Borrower and  the holder will be entitled
to rely on any such notice as fully and effectually as if such notice
has been given by the Borrower.  An "Authorized Representative" of the
Borrower shall mean any individuals hereafter designated by notice to
the holder signed by the Borrower.

    	If any provisions hereof or the application thereof to any person
or circumstance shall, to any extent, be invalid or unenforceable, the
remainder hereof, or the application of such provision to persons or
circumstances other than those as to which it is held invalid or
unenforceable, shall not be affected thereby, and each provision
hereof shall be valid and in force to the fullest extent permitted by
law.

	This Note shall be governed by and construed in accordance with
the laws of the State of New York, but not including the choice of law
rules thereof, and shall take effect as a sealed instrument. The
parties hereby submit to the exclusive jurisdiction of the State and
Federal Courts sitting in and for the City and County of New York, New
York in respect of any and all actions arising under this Agreement,
and waive any objections or challenges to personal jurisdiction, venue
or the convenience of forum in any such actions brought in any such
court.

	IN WITNESS WHEREOF, the Borrower has caused this Note to be
executed, as of the day and year first above written.

PW TULARE SOLAR, LLC

____________________________________
By:    Arun Mittal
Title: Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}]]