Document:

FIND/SVP, INC.
                        RESTRICTED STOCK AWARD AGREEMENT

      RESTRICTED STOCK AWARD AGREEMENT (the "Agreement") made as of this 1st day
of January, 2005, by and between Find/SVP, Inc., a New York corporation, having
its principal office at 625 Avenue of the Americas, New York, NY 10011 (the
"Corporation"), and David Walke (the "Employee"). Capitalized terms not defined
herein shall have the meanings ascribed to them in the Corporation's 2003 Stock
Incentive Plan.

      WHEREAS, the Corporation has heretofore adopted the Find/SVP, Inc. 2003
Stock Incentive Plan (the "Plan") for the benefit of certain employees,
officers, directors, consultants, independent contractors and advisors of the
Corporation, which Plan has been approved by the Corporation's stockholders; and

      WHEREAS, the Employee and the Corporation have entered into an Employment
Agreement dated November 21, 2002 and a First Amendment to Employment Agreement
dated January 1, 2005 (collectively the "Employment Agreement"), which provides
that the Employee shall be awarded the Restricted Shares (defined below); and

      WHEREAS, the Employee is a key employee of the Corporation and the
Corporation believes it to be in the best interests of the Corporation to
incentivize the Employee through the grant of restricted shares of common stock
(the "Common Stock"), par value $.0001 per share, of the Corporation. WHEREAS,
this Restricted Stock Award Agreement is delivered and entered into pursuant to
the Plan.

      NOW THEREFORE, in consideration of the mutual agreements herein contained,
the parties hereto agree as follows:

      1. Restricted Stock. Subject to the provisions hereinafter set forth and
the terms and conditions of the Plan, the Corporation hereby grants to the
Employee, as of January 1, 2005 (the "Grant Date"), a restricted stock award,
subject to the vesting schedule set forth below, of One Hundred Thousand
(100,000) shares of Common Stock (the "Restricted Shares"), such number being
subject to adjustment as provided in the Plan. As more fully described below,
the Restricted Shares granted hereby are subject to forfeiture by the Employee
if certain criteria are not satisfied. The Employee hereby delivers to the
Corporation the purchase price for the Restricted Shares in an amount equal to
$1,000 in cash (or $.01 for each share granted).

      2. Vesting.

      (a) The Restricted Shares shall vest and become nonforfeitable as follows:

                           (i) 100% on the date the Average Closing Price
                           exceeds three dollars and twenty five cents ($3.25)
                           per share in year 1 of the Term of the Employment
                           Agreement, subject to adjustment pursuant to Section
                           18.1 of the Plan or as otherwise mutually agreed in
                           writing between the parties;
<PAGE>

                           (ii) 100% on the date the Average Closing Price
                           exceeds four dollars ($4.00) per share in year 2 of
                           the Term of the Employment Agreement, subject to
                           adjustment pursuant to Section 18.1 of the Plan or as
                           otherwise mutually agreed in writing between the
                           parties;

                           (iii) 100% on the date the Average Closing Price
                           exceeds five dollars ($5.00) per share in year 3 of
                           the Term of the Employment Agreement, subject to
                           adjustment pursuant to Section 18.1 of the Plan or as
                           otherwise mutually agreed in writing between the
                           parties;

                           (iv) the date there is a Change of Control of the
                           Corporation (as defined in Section 4 of the
                           Employment Agreement; or

                           (v) the date that Employee is terminated from the
                           Corporation without Cause or Executive resigns for
                           Good Reason (as defined in the Employment Agreement).

For purposes of this Agreement, "Average Closing Price" shall mean the average
closing price of the Corporation's common stock quoted on the NASDAQ System or
such other exchange where the Corporation's common stock may be traded for
fifteen (15) consecutive trading days.

            (b) Notwithstanding the vesting schedule set forth herein, such
vesting schedule may be accelerated by the Board of Directors or the
Compensation Committee of the Board of Directors (the "Committee") in their sole
decision.

            (c) Upon the vesting dates the Restricted Shares shall be issued to
the Employee in accordance with the Plan and the terms hereof including Section
3 below.

            (d) Nothing in the Plan shall confer on Employee any right to
continue in the employ of, or other relationship with, the Corporation or any
subsidiary of the Corporation, or limit in any way the right of the Corporation
or any Affiliate (as defined in the Plan) or subsidiary of the Corporation to
terminate Employee's employment or other relationship at any time, with or
without cause. This Agreement does not constitute an employment contract. This
Agreement does not guarantee employment for the length of time of the above
vesting schedule or for any portion thereof.

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<PAGE>

            (e) Tax Consequences. Employee understands that Employee may suffer
adverse tax consequences as a result of the grant, vesting or disposition of the
Restricted Shares. Employee represents that Employee has consulted with his or
her own independent tax consultant(s) as Employee deems advisable in connection
with the grant, vesting or disposition of the Restricted Shares and that
Employee is not relying on the Corporation for any tax advice.

      3. Issuance and Withholding.

            (a) Upon vesting, the Corporation shall issue the Restricted Shares
registered in the name of Employee, Employee's authorized assignee, or
Employee's legal representative, and shall deliver certificates representing the
Restricted Shares.

            (b) Prior to the issuance of the Restricted Shares, Employee must
pay or provide for any applicable federal or state withholding obligations in
accordance with Section 16 below.

      4. Compliance With Laws and Regulations. The issuance and transfer of
Restricted Shares shall be subject to compliance by the Corporation and Employee
with all applicable requirements of federal and state securities laws and with
all applicable requirements of any stock exchange or quotation system on which
the Corporation's Common Stock may be listed at the time of such issuance or
transfer.

      5. Nontransferability. Until the Restricted Shares shall be vested and
issued and until the satisfaction of any and all other conditions specified
herein, the Restricted Shares may not be sold, transferred, assigned, pledged or
otherwise encumbered or disposed of by the Employee, other than by will or by
the laws of descent and distribution, except upon the written consent of the
Corporation and, in any case, in compliance with the terms and conditions of
this Agreement. The terms of this Agreement shall be binding upon the executors,
administrators, successors and assigns of Employee.

      6. Privileges of Stock Ownership. Employee shall not have any of the
rights of a stockholder with respect to any Restricted Shares until the
Restricted Shares are vested and are issued to Employee.

      7. Interpretation. Any dispute regarding the interpretation of this
Agreement shall be submitted by Employee or the Corporation to the Committee for
review. The resolution of such a dispute by the Committee shall be final and
binding on the Corporation and Employee.

      8. Entire Agreement. The Plan is incorporated herein by reference. This
Agreement and the Plan constitute the entire agreement and understanding of the
parties hereto with respect to the subject matter hereof and supersede all prior
understandings and agreements with respect to such subject matter.

      9. Notices. Any notice required to be given or delivered to the
Corporation under the terms of this Agreement shall be in writing and addressed
to the Corporate Secretary of the Corporation at its principal corporate
offices. Any notice required to be given or delivered to Employee shall be in
writing and addressed to Employee at the address indicated above or to such

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<PAGE>

other address as such party may designate in writing from time to time to the
Corporation. All notices shall be deemed to have been given or delivered upon:
personal delivery; three (3) days after deposit in the United States mail by
certified or registered mail (return receipt requested); one (1) business day
after deposit with any return receipt express courier (prepaid); or one (1)
business day after transmission by facsimile.

      10. Successors and Assigns. The Corporation may assign any of its rights
under this Agreement. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Corporation. Subject to the
restrictions on transfer set forth herein, this Agreement shall be binding upon
Employee and Employee's heirs, executors, administrators, legal representatives,
successors and assigns.

      11. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, applicable to agreements made
and to be performed entirely within such state, other than conflict of laws
principles thereof directing the application of any law other than that of New
York.

      12. Acceptance. Employee hereby acknowledges receipt of a copy of the Plan
and this Agreement. Employee has read and understands the terms and provisions
thereof and hereof, and accepts this restricted stock award subject to all the
terms and conditions of the Plan and this Agreement. Employee acknowledges that
there maybe adverse tax consequences upon the grant or the vesting of this
restricted stock award, issuance or disposition of the Restricted Shares and
that the Corporation has advised Employee to consult a tax advisor regarding the
tax consequences of the grant, vesting, issuance or disposition.

      13. Covenants of the Employee. The Employee agrees (and for any proper
successor hereby agrees) upon the request of the Committee, to execute and
deliver a certificate, in form reasonably satisfactory to the Committee,
regarding applicable Federal and state securities law matters.

      14. Obligations of the Corporation

            (a) Notwithstanding anything to the contrary contained herein,
neither the Corporation nor its transfer agent shall be required to issue any
fraction of a share of Common Stock, and the Corporation shall issue the largest
number of whole Restricted Shares of Common Stock to which Employee is entitled
and shall return to the Employee the amount of any unissued fractional share in
cash.

            (b) The Corporation may endorse such legend or legends upon the
certificates for Restricted Shares issued to the Employee pursuant to the Plan
and may issue such "stop transfer" instructions to its transfer agent in respect
of such Restricted Shares as, in its discretion, it determines to be necessary
or appropriate to: (i) prevent a violation of, or to perfect an exemption from,
the registration requirements of the Securities Act; (ii) implement the
provisions of the Plan and any agreement between the Corporation and the
Employee or grantee with respect to such Restricted Shares; or (iii) as may be
required pursuant to the Corporation's Amended and Restated Certificate of
Incorporation, as amended.

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<PAGE>

            (c) The Corporation shall pay all issue or transfer taxes with
respect to the issuance or transfer of Restricted Shares to Employee, as well as
all fees and expenses necessarily incurred by the Corporation in connection with
such issuance or transfer.

            (d) All Restricted Shares issued following vesting shall be fully
paid and non-assessable to the extent permitted by law.

      15. Section 83(b) Election. If the Employee files an election with the
Internal Revenue Service to include the fair market value of any Restricted
Shares in gross income as of the Grant Date, the Restricted Stockholder agrees
to promptly furnish the Corporation with a copy of such election, together with
the amount of any federal, state, local or other taxes required to be withheld
to enable the Corporation to claim an income tax deduction with respect to such
election.

      16. Withholding Taxes. The Employee acknowledges that the Corporation is
not responsible for the tax consequences to the Employee of the granting,
vesting or issuance of the Restricted Shares, and that it is the responsibility
of the Employee to consult with the Employee's personal tax advisor regarding
all matters with respect to the tax consequences of the granting, vesting and
issuance of the Restricted Shares. The Corporation shall have the right to
deduct from the Restricted Shares or any payment to be made with respect to the
Restricted Shares any amount that federal, state, local or foreign tax law
requires to be withheld with respect to the Restricted Shares or any such
payment. Alternatively, the Corporation may require that the Employee, prior to
or simultaneously with the Corporation incurring any obligation to withhold any
such amount, pay such amount to the Corporation in cash or in shares of the
Corporation's Common Stock (including shares of Common Stock retained from the
Stock Restricted Award creating the tax obligation), which shall be valued at
the Fair Market Value of such shares on the date of such payment. In any case
where it is determined that taxes are required to be withheld in connection with
the issuance, transfer or delivery of the shares, the Corporation may reduce the
number of shares so issued, transferred or delivered by such number of shares as
the Corporation may deem appropriate to comply with such withholding. The
Corporation may also impose such conditions on the payment of any withholding
obligations as may be required to satisfy applicable regulatory requirements
under the Exchange Act, if any.

      17. Miscellaneous

            (a) If the Employee loses this Agreement representing the Restricted
Shares granted hereunder, or if this Agreement is stolen, damaged or destroyed,
the Corporation shall, subject to such reasonable terms as to indemnity as the
Committee, in its sole discretion shall require, replace the Agreement.

            (b) The Corporation may offer to buy the Restricted Shares actually
issued hereunder on such terms and conditions as the Corporation shall establish
and communicate to the Employee at the time that such offer is made.

            (c) This Agreement cannot be amended, supplemented or changed, and
no provision hereof can be waived, except by a written instrument making
specific reference to this Agreement and signed by the party against whom
enforcement of any such amendment, supplement, modification or waiver is sought.
A waiver of any right derived hereunder by the Employee shall not be deemed a
waiver of any other right derived hereunder.

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<PAGE>

            (d) This Agreement may be executed in any number of counterparts,
but all counterparts will together constitute but one agreement.

            (e) In the event of a conflict between the terms and conditions of
this Agreement and the Plan, the terms and conditions of the Plan shall govern.
All capitalized terms used herein but not defined shall have the meanings given
to such terms in the Plan.

                [Remainder of this Page Intentionally Left Blank]

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<PAGE>

      IN WITNESS WHEREOF, the Corporation has caused this Agreement to be
executed by its duly authorized officer and the Restricted Stockholder has
executed this Agreement as of the 1st day of January, 2005.

                                 FIND/SVP, INC.

                                              By: /s/ Marc Litvinoff
                                                 ------------------------
                                                 Name: Marc Litvinoff
                                                      -------------------
                                                 Title: Chief Operating Officer
                                                      -------------------

                                              RESTRICTED STOCKHOLDER

                                              /s/ David Walke
                                              ---------------------------
                                              Name: David Walke
                                              Address:

                                       7FIRST AMENDMENT TO
                              EMPLOYMENT AGREEMENT

      THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is entered
into as of the 1st day of January 2005, by and between FIND/SVP, INC., a New
York corporation (the "Company") and Peter Stone ("Employee").

      WHEREAS, the Company and the Employee are parties to an Employment
Agreement entered into as of May 13, 2002 (the "Employment Agreement"); and

      WHEREAS, the Company and the Employee now desire to amend and modify
certain terms and provisions of the Employment Agreement.

      NOW THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

      1. Defined Terms; Section References. Any capitalized term used, but not
defined, in this Amendment shall have the meaning given thereto in the
Employment Agreement. All section references herein refer to the applicable
section of the Employment Agreement.

      2. The date "May 13, 2005" in Section 2.1 is deemed amended and replaced
with "December 31, 2007".

      3. Section 3.1 is deemed amended in its entirety as set forth below:

      3.1 (a) Employee shall receive salary for his services at the rate of
      $220,000 per annum ("Base Salary"), payable in accordance with the
      Company's normal payroll procedures for executive employees.

      (b) On an annual basis beginning on January 1, 2006, the Company shall
      review the Employee's performance and other relevant factors relating to
      salary. If the Employee is employed by the Company as of January 1, 2006,
      he will receive a minimum Base Salary increase of 6%. Any further salary
      adjustments shall be at the discretion of the Company's Chief Executive
      Officer.

      (c) At the discretion of the Chief Executive Officer of the Company, and
      subject to the approval of the Compensation Committee of the Board of
      Directors of the Company, Employee shall be eligible to receive an annual
      bonus based on performance. In addition to any other bonus(es), whether
      based on performance or otherwise, that the Company may award to Employee,
      the Company's bonus program shall (a) provide that Employee shall earn 25%
      of Base Salary in each year of the Term if the Company achieves the
      Company's (adjusted) EDITDA target, for each year of such Term, and (b)
      provide that Employee shall earn 50% of Base Salary in each year of the
      Term if the Company achieves 120% of the Company's EBITDA target, for each
      year of such Term. The Company shall in good faith determine the EBITDA
      target for each year of the Term on or prior to January 31 of such year.

      (d) Employee shall also be eligible for a performance based bonus, to be
      determined at the discretion of the Chief Executive Officer of the
      Company. Employee's discretionary performance based bonus for 2004 shall
      be $50,000.

                                       1
<PAGE>

      4. Section 3.5 is amended by replacing Section 3.5(b) in its entirety as
follows and by adding a new subparagraph 3.5(c) at the end of Section 3.5 as set
forth below:

      (b) In the event that Employee (i) leaves the employment of the Company
      for Good Reason (as defined in Section 2.4 of the Employment Agreement) or
      (ii) is terminated by the Company without cause (as defined in Section 2.3
      of the Employment Agreement) during the Term, then Employee shall be
      entitled to receive (A) the compensation and benefits provided in Sections
      3.1(a) and 3.3 for a period of six (6) months from the date of
      termination, and (B) a lump sum payment in an amount equal to the sum of
      (1) the amount of Employee's bonus that should have been paid with respect
      to that part of the fiscal year in which the date of termination occurs,
      absent the termination of Employee's employment, (2) Employee's actual
      earned bonus for any completed fiscal year or period not theretofore paid,
      and (3) the unpaid portion of any amount earned by Employee prior to the
      date of such termination pursuant to any benefit program in which Employee
      participated during the Term, including without limitation, any accrued
      vacation pay to the extent not theretofore paid. For purposes of
      calculating the amount of any partial year bonus to be awarded pursuant to
      (B)(1) above, the Company's actual EBITDA through the last completed month
      prior to the date of termination shall be measured against the Company's
      EBITDA target prorated for the portion of such fiscal year through the
      last day of the last completed month prior to the date of termination, and
      for purposes of clarity, the Base Salary used to calculate any partial
      year bonus award shall be the amount of Base Salary earned during the
      partial year prior to the date of termination.

      (c) In the event that Employee's employment by the Company is terminated
      as a result of (i) the death of Employee, (ii) the incapacity of Employee
      as defined in Section 2.2 of the Employment Agreement, or (iii) a
      Nonrenewal Event (as defined below), then Employee shall be entitled to
      receive the compensation and benefits provided for in Sections 3.1(a) and
      3.3 hereof for a period of six (6) months from the date of termination.
      For purposes of this Agreement, a "Nonrenewal Event" shall occur in the
      event that Employee ceases to continue employment with the Company after
      the expiration of the Term because the Company does not offer to continue
      Employee's employment hereunder on terms that are substantially the same
      as the terms contained in this Agreement.

      5. Section 3 is amended by adding a new subparagraph (3.7) at the end
thereof as follows:

      3.7 Executive shall be granted a total of 150,000 shares of restricted
      stock (the "Restricted Stock") under the Company's 2003 Stock Incentive
      Plan (the "Plan") or such other similar stock plan that the Company may
      have in place at the time as follows: (a) 25,000 shares of Restricted
      Stock at the commencement of year 1 of the Term; (b) 50,000 shares of
      Restricted Stock at the commencement of year 2 of the Term; and (c) 75,000
      shares of Restricted Stock at the commencement of year 3 of the Term. In
      the event that the Company does not have a stock incentive plan in place
      with enough shares to be granted to Employee, the Company shall use its
      commercially reasonable efforts to obtain stockholder approval for a new
      equity compensation plan or an amendment to an existing plan and then
      grant such Restricted Stock under such plan.

                                       2
<PAGE>

      The restrictions on the award shall vest as follows: (i) 100% on the date
      the Average Closing Price exceeds three dollars and twenty five cents
      ($3.25) per share in year 1 of the Term, (ii) 100% on the date the Average
      Closing Price exceeds four dollars ($4.00) per share in year 2 of the
      Term, (iii) 100% on the date the Average Closing Price exceeds five
      dollars ($5.00) per share in year 3 of the Term or (iv) the date there is
      a Change of Control (as defined in Section 4) of the Company. For purposes
      of this Agreement, "Average Closing Price" shall mean the average closing
      price of the Company's common stock quoted on the NASDAQ System or such
      other exchange where the Company's common stock may be traded for fifteen
      (15) consecutive trading days. The number of shares granted and the target
      share price shall be adjusted for changes in the common stock as outlined
      in Section 18.1 of the Plan or as otherwise mutually agreed in writing
      between the parties. The terms of the Restricted Stock granted hereunder
      shall each be set forth in a Restricted Stock Award Agreement attached
      hereto as Exhibit A.

      6. Except as expressly amended by this Amendment Agreement, the Employment
Agreement shall remain in full force and effect.

      7. This Amendment Agreement shall be governed by, and construed in
accordance with the laws of the state of New York applicable to contracts
executed, and to be fully performed, in such state.

      8. This agreement may be executed in any number of counterparts and via
facsimile, but all such counterparts will together constitute one and the same
agreement.

                                       3
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the day and year first written above.

COMPANY:                                                 EMPLOYEE

FIND/SVP, INC.

By: /s/ David Walke                                      /s/ Peter Stone
   -----------------------                               -----------------------
   Name:  David Walke                                    Peter Stone
   Title: Chief Executive Officer

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