Document:

EX-10.18

 Exhibit 10.18 
 LICENSING AGREEMENT 
 This LICENSING AGREEMENT (this
“Agreement”) dated as of [ ], 2013 (the “Effective Date”) between Ashford Hospitality Trust, Inc., a Maryland corporation (“Licensor” or “Party”), and Ashford Hospitality
Prime, Inc., a Maryland corporation (“Ashford Prime”) and Ashford Hospitality Prime Limited Partnership, a Delaware limited partnership (“Ashford Prime OP”) (Ashford Prime and Ashford Prime OP, collectively,
referred to as “Licensee” or “Party”) (each Party, collectively, referred to as the “Parties”).  
 W I T N E S S E T H: 
 WHEREAS, Licensor owns, or has the right to
use and sublicense, the Licensed Marks as defined in Section 1.01(a). 
 WHEREAS, pursuant to the Separation and
Distribution Agreement by and between Ashford Hospitality Trust, Inc., Ashford Hospitality Limited Partnership, Ashford TRS Corporation, Ashford Hospitality Prime, Inc., Ashford Hospitality Prime Limited Partnership and Ashford Prime TRS
Corporation, dated as of [    ], 2003, (the “Separation and Distribution Agreement”), Licensor, as the sole stockholder of Ashford Prime, will effect a spin-off of Ashford Prime (the “Spin-Off”) through
a distribution to Licensor’s stockholders, on a pro rata basis, of all of the outstanding shares of Ashford Prime. Following the Spin-Off, Ashford Prime will be an independent and separately traded company that is engaged in the business of
investing in hotel real estate assets primarily consisting of equity or ownership interests, as well as debt investments when such debt is acquired with the intent of obtaining an equity or ownership interest, in: 

 

	 	(i)	full service and urban select service hotels with trailing twelve (12) month average revenue per available room (“RevPAR”) or anticipated twelve
(12) month average RevPAR of at least twice the then-current U.S. national average RevPAR for all hotels as determined with reference to the most current Smith Travel Research reports, generally in the 20 most populous metropolitan statistical
areas, as estimated by the United States Census Bureau and delineated by the U.S. Office of Management and Budget; 

  

	 	(ii)	upscale, upper-upscale and luxury hotels meeting the RevPAR criteria set forth in clause (i) above and situated in markets that may be generally recognized as
resort markets; and 

  

	 	(iii)	international hospitality assets predominantly focused in areas that are general destinations or in close proximity to major transportation hubs or business centers,
such that the area serves as a significant entry or departure point to a foreign country or region of a foreign country for business or leisure travelers and meet the RevPAR criteria set forth in clause (i) above (after any applicable currency
conversion to U.S. dollars) (the “Licensed Business”); 

  
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 WHEREAS, subject to the terms and conditions set forth herein, Licensee desires to
obtain, and Licensor is willing to grant to Licensee, a license to use the Licensed Marks in connection with the Licensed Business.  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and in the Separation and Distribution Agreement, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section 1.01. Definitions. (a) The following terms, as used herein, have the following meanings: 
 “Affiliate” means, with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under
common control with, the specified Person. For this purpose “control” of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through
ownership of voting securities, by contract or otherwise.  
 “Applicable Law” means any law,
statute, ordinance, code, rule, regulation, order, writ, proclamation, judgment, injunction or decree of any Governmental Authority.  
 “Business Day” means a day other than a Saturday, a Sunday or a day on which banking institutions located in the States of Texas or New York are authorized or obligated by
Applicable Law or executive order to close.  
 “Governmental Authority” means any U.S. federal,
state, local or non-U.S. court, government, department, commission, board, bureau, agency, official or other regulatory, administrative or governmental authority. 
 “Licensed Marks” means the names, trademarks and service marks set forth (and only as set forth) in Exhibit A. For the avoidance of doubt, the Licensed Marks shall not include
any name, trademark or service mark that is derivative of those set forth in Exhibit A.  

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint
stock company, a trust, a joint venture, a union, an unincorporated organization or a governmental department, agency or political subdivision thereof.  
 “Subsidiary” means, with respect to any specified Person, any corporation, partnership, limited liability company, whether incorporated or unincorporated, of which at least a
majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization, or that
otherwise constitutes control of such corporation or other organization, is directly or indirectly owned or controlled by such specified Person or by any one or more of its subsidiaries, or by such specified Person and one or more of its
subsidiaries. 

  
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 (b) Each of the following terms is defined in the Section set forth opposite such term:

  

			
	 Term
	  	Section
	 Agreement
	  	Preamble
	 Ashford Prime
	  	Preamble
	 Ashford Prime OP
	  	Preamble
	 Effective Date
	  	Preamble
	 License
	  	2.01
	 Licensed Business
	  	Recitals
	 Licensee
	  	Preamble
	 Licensor
	  	Preamble
	 Party and Parties
	  	Preamble
	 Separation and Distribution Agreement
	  	Recitals
	 Spin-Off
	  	Recitals
	 Term
	  	5.01
	 Trademark Claims
	  	4.03

 Section 1.02. Other Definitional and Interpretative Provisions. The words “hereof”,
“herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections and Exhibits are to Articles, Sections and Exhibits of this Agreement unless otherwise specified. All Exhibits annexed hereto or
referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit but not otherwise defined therein shall have the respective meanings given to them in this
Agreement. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be
deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to printing, typing and other
means of reproducing words (including electronic media) in a visible form. 
 ARTICLE 2 

LICENSE 
 Section 2.01. Grant of License. Subject to the terms and conditions set forth herein, Licensor hereby grants to Licensee a worldwide, non-exclusive, non-transferable (except as
otherwise set forth in Section 6.01), non-sublicensable (except as otherwise set forth in Section 2.02), royalty-free, fully paid-up license to use the Licensed Marks solely in connection with the conduct of the Licensed Business during
the Term (the “License”). For the avoidance of doubt, subject to the terms and conditions contained herein, the License shall include Ashford Prime’s right to use “Ashford Hospitality Prime, Inc.,” and Ashford Prime
OP’s right to use “Ashford Hospitality Prime Limited Partnership,” as their corporate names during the Term. 

  
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 Section 2.02. Sublicense Rights. The License shall include the right of Licensee
to grant sublicenses to its wholly-owned Subsidiaries; provided that any such sublicense shall terminate immediately upon the applicable sublicensee ceasing to be a wholly-owned Subsidiary of Licensee. Any such sublicense shall be subject to
terms and conditions that are no less restrictive on the applicable sublicensee’s use of the Licensed Marks than the terms and conditions in this Agreement. 
 ARTICLE 3 
 OWNERSHIP AND USE OF LICENSED MARKS 

Section 3.01. Ownership of Licensed Marks; Reservation of Rights. (a) Licensee hereby acknowledges that
(i) the License is the only license granted to Licensee with respect to the Licensed Marks and (ii) no other licenses whatsoever have been granted, expressly or by implication or estoppel, to Licensee by the provisions of this Agreement.
Neither this Agreement nor its performance shall confer on Licensee any right with respect to the Licensed Marks other than those rights expressly granted herein, and any and all rights in and to the Licensed Marks not expressly granted to Licensee
herein are reserved and retained by Licensor. Any use of the Licensed Marks by Licensee pursuant to the License shall inure to the benefit of Licensor. 
 (b) Licensee shall not (i) challenge the validity or ownership of the Licensed Marks or any other marks of Licensor or its Affiliates or claim adversely or assist in any claim adverse to Licensor
concerning any right, title or interest in or to the Licensed Marks, (ii) do or permit any act which may directly or indirectly impair or prejudice Licensor’s title to the Licensed Marks or be detrimental to the reputation and goodwill of
Licensor, or (iii) register or attempt to register any trademark, design, company name, trade name, domain name or other source identifier that is derivative of, confusingly similar to or contains any Licensed Mark. 

Section 3.02. Appearance of the Licensed Marks; Quality Control. Licensee shall use the Licensed Marks only in the form
stipulated by Licensor and shall conform to and observe such standards as Licensor from time to time prescribes, including standards relative to the quality, design, identity, size, position, appearance, marking and color of the Licensed Marks and
the manner, disposition and use of the Licensed Marks. The Licensed Business shall be conducted at all times in material compliance with Applicable Law and in a manner consistent with the quality of goods and services provided by Licensor under the
Licensed Marks as of immediately prior to the Effective Date. Licensor shall have the right to inspect any written or electronic materials bearing any Licensed Mark. 
 Section 3.03. Prosecution and Maintenance. Licensor shall, reasonably promptly following Licensee’s request and at Licensor’s sole cost and expense, take all such
actions as Licensee may reasonably request to prosecute and maintain any registration or application for registration of any Licensed Mark. 
 Section 3.04. Third Party Notices. If requested in writing by Licensor, Licensee shall ensure that any written or electronic materials bearing a Licensed Mark includes a written
statement to the effect that such Licensed Mark is used by Licensee under license from Licensor. 
 Section 3.06.
Fair Use. For the avoidance of doubt, nothing in this Agreement shall restrict or limit either Party’s right to make any use of any term, or trademark or service mark that constitutes fair use under Applicable Law or factual
use for historical or reference purposes. 

  
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 ARTICLE 4 
 LIABILITY, CLAIMS AND INDEMNIFICATION 
 Section 4.01.
Disclaimers; Limitation of Liability. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, THE LICENSE IS GRANTED ON AN “AS IS” BASIS WITH NO REPRESENTATIONS OR WARRANTIES, AND EACH PARTY, ON BEHALF OF ITSELF AND
ITS AFFILIATES, HEREBY EXCLUDES AND DISCLAIMS ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES OF ANY KIND WITH RESPECT TO THE LICENSE, INCLUDING THOSE REGARDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT AND ANY
WARRANTIES IMPLIED BY ANY COURSE OF DEALING OR TRADE USAGE. NEITHER PARTY NOR ANY OF ITS AFFILIATES SHALL BE LIABLE UNDER ANY LEGAL OR EQUITABLE THEORY FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OF
ANY KIND IN CONNECTION WITH THIS AGREEMENT EVEN IF THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

Section 4.02. Infringement of Licensed Marks by Third Party. Licensee shall promptly notify Licensor of any
unauthorized or improper use by any Person of any Licensed Marks, including in such notice the particulars of such use and any other information that Licensee and its Affiliates may have relating to such use, and reasonably cooperate with Licensor,
at Licensee’s sole cost and expense, in connection with any action Licensor may take to prevent or halt such use. In the event that Licensor does not take reasonable action to halt any such use related to the Licensed Business within a
reasonable period of time following such notice, Licensee may take reasonable action to prevent or halt such use, and Licensor shall reasonably cooperate with Licensee, at Licensee’s sole cost and expense, in connection with any such action of
Licensee. 
 Section 4.03. Third Party Actions. Licensee shall promptly notify Licensor of any
allegations, claims or demands (actual or threatened) against Licensee for infringement of any intellectual property rights of third parties by reason of Licensee’s use of the Licensed Marks (collectively, “Trademark Claims”)
and provide all related particulars requested by Licensor. Licensor shall retain exclusive control over the resolution of any Trademark Claim, including the right to agree to an injunction against further use of any Licensed Mark at issue or to
otherwise settle such Trademark Claim; provided that such settlement shall not require any payment by Licensee without Licensee’s prior written consent. In the event that Licensor does not take reasonable action to resolve a Trademark
Claim within a reasonable period of time following such notice, Licensee may assume exclusive control over such Trademark Claim (but solely to the extent such Trademark Claim relates to allegations, claims or demands (actual or threatened) against
Licensee), including the right to agree to an injunction against further use of any Licensed Mark at issue by Licensee or to otherwise settle such Trademark Claim with respect to Licensee; provided that such settlement shall not bind or apply
to Licensor in any manner without Licensor’s prior written consent. Subject to the foregoing and at Licensee’s sole cost and expense, each Party shall provide to the other Party such assistance as such other Party may reasonably request in
connection with the defense or settlement of any Trademark Claim. 

  
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 Section 4.04. Indemnification. (a) Licensee shall indemnify,
defend and hold harmless Licensor, its Affiliates and their respective directors, officers, employees and agents and their respective successors and assigns, from and against any claims, damages, losses, liabilities, fines, penalties and expenses
(including reasonable costs of investigation and reasonable attorneys’ fees in connection with any action, suit or proceeding) related to or arising out of the use of the Licensed Marks by Licensee in violation of this Agreement, any violation
of Applicable Law with respect to the Licensed Business, any claims related to the sale or provision of goods or services or use of intellectual property other than the Licensed Marks. 

(b) Licensee shall indemnify, defend and hold harmless Licensor, its Affiliates and their respective directors, officers, employees and
agents and their respective successors and assigns, from and against any claims, damages, losses, liabilities, fines, penalties and expenses (including reasonable costs of investigation and reasonable attorneys’ fees in connection with any
action, suit or proceeding) by third parties alleging infringement claims against Licensee’s use of the Licensed Marks in accordance with the terms and conditions of this Agreement. 

ARTICLE 5 

TERM AND TERMINATION 
 Section 5.01. Term. This Agreement is effective as of the Effective Date and shall continue in full force and effect in perpetuity unless terminated in accordance with
Section 5.02 (the “Term”). 
 Section 5.02. Termination by Licensor. Licensor may
terminate this Agreement at any time immediately upon written notice to Licensor. Further, this Agreement will terminate immediately if at any time the Licensee ceases to retain Ashford Hospitality Advisors LLC (“Advisor”) or one of its
affiliates to perform advisory services for the Licensee. 
 Section 5.03. Effect of Termination; Survival.
Upon expiration or termination of this Agreement, the License shall immediately terminate without any further action by Licensor, and Licensee and its Subsidiaries shall have sixty (60) days from expiration or termination to cease all use
of, and cease conducting all business under, any names, service marks or trademarks consisting of or comprising the term “Ashford” or any derivation thereof that might, in the reasonable discretion of Licensor, be likely to cause confusion
with Licensor, Licensor’s Affiliates or Licensor’s business, services or goods, including but not limited to a likelihood of confusion that there is an association, affiliation or some other relationship between Licensor or any its
Affiliates, on the one hand, and Licensee or Licensee’s Subsidiaries, on the other hand. For the sake of clarity, this section requires that Licensee and its Subsidiaries change their business names, trade names and fictitious names to names
that do not contain the term “Ashford” or any other word or words that might, in the reasonable discretion of Licensor, be likely to cause confusion with Licensor, Licensor’s Affiliates or Licensor’s business, services or goods,
including but not limited to a likelihood of confusion that there is an association, affiliation or some other relationship between Licensor or any its Affiliates, on the one hand, and Licensee or Licensee’s Subsidiaries, on the other hand.
Notwithstanding anything in this Agreement to the contrary, Sections 3.01(a), 4.01, 4.04 and 5.03 and Article 6 shall survive any expiration or termination of this Agreement. 

  
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 ARTICLE 6 
 GENERAL 
 Section 6.01. Successors and
Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns; provided that, except as expressly set forth in Section 2.02,
Licensee may not assign, delegate or otherwise transfer this Agreement or any of its rights or obligations hereunder without the express prior written consent of Licensor. 
 Section 6.02. Notices. All notices, requests, permissions, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
(a) five (5) Business Days following sending by registered or certified mail, postage prepaid, (b) when sent, if sent by facsimile, (c) when delivered, if delivered personally to the intended recipient, and (d) one
(1) Business Day following sending by overnight delivery via a national courier service and, in each case, addressed to a Party at the following address for such Party: 
 If to Licensor: 
 Ashford Hospitality Trust, Inc. 

14185 Dallas Parkway, Suite 1100 
 Dallas, TX 75254 
 Attention: Chief Executive Officer 

Phone: (972) 490-9600 
 With a copy to: 
 Andrews Kurth LLP 

1717 Main Street, Suite 1700 
 Dallas, TX 75201 
 Attention: Muriel C. McFarling 

If to Licensee: 

Ashford Hospitality Prime, Inc. 
 c/o Ashford Hospitality Advisors LLC 
 14185 Dallas Parkway, Suite 1100

 Attention: Chief Executive Officer 
 Dallas, TX 75254 
 Phone: (972) 490-9600 

With a copy to: 

Ashford Hospitality Advisors LLC 
 14185 Dallas Parkway, Suite 1100 
 Attention: General Counsel 

Dallas, TX 75254 
 Phone: (972) 490-9600 

  
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 Section 6.03. Specific Performance. The Parties acknowledge that money
damages are not an adequate remedy for any violation of this Agreement and that either Party may, in its sole discretion, apply to the courts set forth in Section 6.05 for specific performance, or injunctive or such other relief as such courts
may deem just and proper, in order to enforce this Agreement or prevent any violation hereof, and to the extent permitted by Applicable Law, each Party waives the posting of bond and any objection to the imposition of such relief. 

Section 6.04. Amendments and Waivers. (a) Any provision of this Agreement may be amended or waived if, and
only if, such amendment or waiver is in writing and signed, in the case of an amendment, by each of the Parties or, in the case of a waiver, by the Party against whom the waiver is to be effective. 

(b) No failure or delay by any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies
provided by Applicable Law. 
 Section 6.05. Governing Law; Venue. This Agreement shall be governed by,
and construed and enforced in accordance with, the substantive laws of the State of Texas, without regard to any conflicts of law provisions thereof that would result in the application of the laws of any other jurisdiction. The parties hereto agree
that venue for any action in connection herewith shall be proper in Dallas County, Texas. Each party hereto consents to the jurisdiction of any local, state or federal court situated in any of such locations and waives any objection which it may
have pertaining to improper venue or forum non conveniens to the conduct of any proceeding in any such court. 

Section 6.06. Counterparts; Electronic Delivery. This Agreement may be executed in multiple counterparts, each
of which when executed shall be deemed to be an original, but all of which together shall constitute one and the same agreement. Execution and delivery of this Agreement or any other documents pursuant to this Agreement by facsimile or other
electronic means shall be deemed to be, and shall have the same legal effect as, execution by an original signature and delivery in person. 
 Section 6.07. No Third Party Beneficiaries. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any
Person other than the Parties and their respective successors and permitted assigns. 
 Section 6.08. Entire
Agreement. This Agreement and the Exhibit referenced herein, and attached hereto constitute the entire agreement between the Parties with respect to the subject matter hereof and supersede all prior agreements, understandings and
negotiations, both oral and written, among the Parties with respect to the subject matter hereof. For the avoidance of doubt, the Parties acknowledge and agree that the transactions contemplated in connection with the Spin-Off, together with the
transactions contemplated by this Agreement, collectively constitute a single and integrated transaction. 

  
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 Section 6.09. Severability. If any term or other provision of this
Agreement or the Exhibit attached hereto is determined by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated in connection with the Spin-Off and contemplated by this Agreement is not affected in any
manner materially adverse to either Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to affect the
original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated in connection with the Spin-Off and contemplated by this Agreement are fulfilled to the fullest extent possible. If any
sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only as broad as is enforceable. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the
date first written above. 
  

	
	Licensor:
	
	ASHFORD HOSPITALITY TRUST, INC.
	
	By:                             
                                         
                        
	Name:                             
                                         
                   
	Title:                            
                                         
                      
	
	Licensee:
	
	ASHFORD HOSPITALITY PRIME, INC.
	
	By:                             
                                         
                        
	Name:                             
                                         
                   
	Title:                            
                                         
                      

 [Signature Page to Licensing Agreement] 

  
 10 

 Exhibit A 
 Licensed Marks 
 ASHFORD HOSPITALITY PRIME, INC. 

ASHFORD HOSPITALITY PRIME LIMITED PARTNERSHIP 

ASHFORD HOSPITALITY PRIME 
 ASHFORD PRIME

  
 

 

  
 11EX-4.8

 Exhibit 4.8 

Execution Copy 
 WARRANT TO
PURCHASE SHARES OF COMMON STOCK 
 OF 

GLOBALOPTIONS GROUP, INC. 
 THIS WARRANT
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE
WARRANT UNDER SUCH ACT AND APPLICABLE LAWS OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND APPLICABLE LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 

Initial Issuance Date: September 18, 2013 

THIS COMMON STOCK PURCHASE WARRANT (this “Warrant”) certifies that, for value received, the undersigned warrant holder (the
“Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or before 5:00 p.m. New York
City time on the third anniversary of the Initial Issuance Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from GlobalOptions Group, Inc., a Delaware corporation (the “Company”), up to [•]
shares (the “Warrant Shares”) of common stock, $.001 par value per share (the “Common Stock”) of the Company. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price (as defined in
Section 1.2 of this Warrant). This Warrant is issued pursuant to the Subscription, Purchase and Investment Agreement, dated as of the date hereof (the “Investment Agreement”) by and between the Company, Walker Digital, LLC
and the Holder. 
 ARTICLE 1 

EXERCISE 

Section 1.1. Exercise of Warrant. 

(a) For so long as this Warrant remains outstanding, exercise of the purchase rights represented by this Warrant may be made,
in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by: 

(i) delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the
Holder pursuant to Section 6.7 of this Agreement) of (A) a duly executed copy of a Notice of Exercise in the form attached to this Warrant (the “Notice of Exercise”) and, (B) if this Warrant is exercised in full, this
Warrant; and 
 (ii) payment to the Company of the aggregate Exercise Price of the Warrant Shares thereby purchased (as well
as all taxes required to be paid by the Holder, if any) by wire transfer or cashier’s check drawn on a United States bank. 

 (b) Partial exercises of this Warrant resulting in purchases of a portion of the
total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder shall, upon
request of the Company after any partial exercise of this Warrant, surrender this Warrant to the Company in exchange for a new Warrant evidencing the right of the Holder to purchase the unpurchased Warrant Shares pursuant to this Warrant, which new
Warrant shall in all other respects be identical with this Warrant. The Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. 

Section 1.2. Exercise Price. The exercise price per share of the Common Stock under this Warrant shall be $3.00 per Warrant Share,
subject to adjustment hereunder (the “Exercise Price”). 
 Section 1.3. Authorization of Warrant Shares. The Company
covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment of the Exercise Price therefor, be duly
authorized, validly issued, fully paid and non-assessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue and liens and charges
created or incurred by Holder). 
 Section 1.4. Delivery of Certificates Upon Exercise. Certificates representing Warrant Shares
shall be transmitted by the Company (whether through its transfer agent or otherwise) to the Holder to the address specified by the Holder in the Notice of Exercise within five business days from the delivery to the Company of the Notice of
Exercise, together with an amount in cash in lieu of any fractional share(s), surrender of this Warrant (if required) and payment of the aggregate Exercise Price as set forth above (“Warrant Share Delivery Date”). The Warrant Shares shall
be issued free of all legends, unless, in the opinion of counsel to the Company (after taking into account any representations of the Holder), the securities laws require a legend(s) to be affixed to the certificate(s) representing the Warrants
Shares. This Warrant shall be deemed to have been exercised, the Warrant Shares shall be deemed to have been issued and the Holder or any other Person (which term shall mean any individual, trust, corporation, partnership, association, joint
venture, limited liability company, joint stock company, unincorporated organization or governmental authority) so designated to be named therein shall be deemed to have become a holder of record of such shares for all purposes on the first date on
which the Notice of Exercise has been properly delivered to the Company and the Company has received the Exercise Price and all taxes required to be paid by the Holder, if any. 

ARTICLE 2 
 DISSOLUTION

 Section 2.1. Dissolution, Liquidation. If, on or prior to the Expiration Date, the Company (or any other Person
controlling the Company) shall propose a voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, the Company shall give written notice thereof to the Holder in the manner provided in Section 6.7
prior to the date on which such transaction is expected to become effective or, if earlier, the record date for such transaction. Such notice also shall specify the date on which the holders of record of the shares of Common Stock shall be entitled
to exchange their shares for securities, money or other property deliverable upon such dissolution, liquidation or winding up, as the case may be. On the date of and as a condition to the consummation of any such transaction, the Holder shall
receive the securities, money or other property that the Holder would have been entitled to receive had the Holder been the holder of record of the shares of Common Stock issuable upon exercise of this Warrant immediately prior to such dissolution,
liquidation or winding up (net of the Exercise Price) and the rights to exercise this Warrant shall terminate. 

  
 2 

 ARTICLE 3 

ADJUSTMENT 

Section 3.1. Adjustments. The Exercise Price and the number of shares purchasable hereunder are subject to adjustment from time to
time as follows: 
 (a) Merger, Sale of Assets, etc. If at any time while this Warrant, or any portion hereof, is
outstanding and unexpired there shall be (i) a reorganization (other than a combination, reclassification, exchange or subdivision of shares otherwise provided for herein), (ii) a merger or consolidation of the Company with or into another
Person in which the Company is not the surviving entity, or a merger in which the Company is the surviving entity but the shares of the Company’s capital stock outstanding immediately prior to the merger are converted by virtue of the merger
into other property, whether in the form of securities, cash, or otherwise, or (iii) a sale or transfer of the Company’s properties and assets as, or substantially as, an entirety to any other person, then, as a part of such
reorganization, merger, consolidation, sale or transfer, lawful provision shall be made so that the holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant, during the period specified herein and upon payment of
the Exercise Price, the number of shares of stock or other securities or property of the successor corporation resulting from such reorganization, merger, consolidation, sale or transfer that a holder of the shares deliverable upon exercise of this
Warrant would have been entitled to receive in such reorganization, consolidation, merger, sale or transfer if this Warrant had been exercised immediately before such reorganization, merger, consolidation, sale or transfer, all subject to further
adjustment as provided in this ARTICLE 3. If the per share consideration payable to the holder hereof for shares in connection with any such transaction is in a form other than cash or marketable securities, then the value of such
consideration shall be determined in good faith by the Company’s Board of Directors. In all events, appropriate adjustment (as determined in good faith by the Company’s Board of Directors) shall be made in the application of the provisions
of this Warrant with respect to the rights and interests of the Holder after the transaction, to the end that the provisions of this Warrant shall be applicable after that event, as near as reasonably may be, in relation to any shares or other
property deliverable after that event upon exercise of this Warrant. 
 (b) Reclassification, etc. If the Company, at
any time while this Warrant or any portion hereof remains outstanding and unexpired, by reclassification of securities or otherwise, shall change any of the securities as to which purchase rights under this Warrant exist into the same or a different
number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were
subject to the purchase rights under this Warrant immediately prior to such reclassification or other change and the Exercise Price therefor shall be appropriately adjusted, all subject to further adjustment as provided in this ARTICLE 3.

  
 3 

 (c) Split, Subdivision or Combination of Shares. If the Company, at any
time while this Warrant or any portion hereof remains outstanding and unexpired, shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities of the same class, the
Exercise Price for such securities shall be proportionately decreased in the case of a split or subdivision or proportionately increased in the case of a combination. 

(d) Adjustments for Dividends in Stock or Other Securities or Property. If, while this Warrant or any portion hereof
remains outstanding and unexpired, the holders of the securities as to which purchase rights under this Warrant exist at the time shall have received, or, on or after the record date fixed for the determination of eligible stockholders, shall have
become entitled to receive, without payment therefor, other or additional stock or other securities or property (other than cash) of the Company by way of dividend, then and in each case, this Warrant shall represent the right to acquire, in
addition to the number of shares of the security receivable upon exercise of this Warrant, and without payment of any additional consideration therefor, the amount of such other or additional stock or other securities or property (other than cash)
of the Company that such holder would hold on the date of such exercise had it been the holder of record of the security receivable upon exercise of this Warrant on the date hereof and had thereafter, during the period from the date hereof to and
including the date of such exercise, retained such shares and/or all other additional stock available by it as aforesaid during such period, giving effect to all adjustments called for during such period by the provisions of this ARTICLE 3.

 (e) Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment pursuant to this
ARTICLE 3, the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each Holder of this Warrant a certificate setting forth such adjustment or readjustment and
showing in detail the facts upon which such adjustment or readjustment is based. The Company shall, upon the written request, at any time, of any such Holder, furnish or cause to be furnished to such Holder a like certificate setting forth:
(i) such adjustments and readjustments; (ii) the Exercise Price at the time in effect; and (iii) the number of shares and the amount, if any, of other property that at the time would be received upon the exercise of the Warrant. 

(f) No Impairment. The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this ARTICLE 3 and in the taking of all such action as may be necessary or
appropriate in order to protect the rights of the Holder of this Warrant against impairment. 

  
 4 

 ARTICLE 4 

TRANSFERS 

Section 4.1. Transferability. Subject to compliance with applicable federal and state securities laws, this Warrant and all rights
hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its
agent or attorney and funds sufficient to pay any applicable transfer taxes. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the
denomination or denominations specified in such instrument of assignment and, if the assignor assigns less than the entirety of this Warrant, shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this
Warrant shall promptly be cancelled. 
 Section 4.2. New Warrants. This Warrant may be divided or combined with other Warrants
upon presentation of this Warrant at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to
compliance with Section 4.1 of this Warrant, as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for this Warrant or Warrants to be divided
or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date set forth on the first page of this Warrant and shall be identical to this Warrant, except as to the number of Warrant
Shares issuable pursuant thereto. 
 Section 4.3. Warrant Register. The Company shall register this Warrant, upon records to be
maintained by the Company for that purpose (the “Warrant Register”), in the name of the record holder from time to time. The Company may deem and treat the registered holder of this Warrant as the absolute owner of this Warrant for the
purpose of any exercise of this Warrant and for all other purposes, absent actual notice to the contrary. 
 ARTICLE 5 

CALL OPTION 

Section 5.1. Call Option. The Company, subject to compliance with this ARTICLE 5, has an option (the “Call
Option”) to acquire all or a portion of this Warrant. It is a condition to the Company’s right to exercise the Call Option that, prior to the exercise of the Call Option, the closing price of the Common Stock equals or exceeds $6.00 per
share for any 20 trading days within any period of 30 consecutive trading days. 
 Section 5.2. Option Price. For each part of
this Warrant representing the right to acquire one share of Common Stock (each, a “Warrant Right”), the price to be paid in cash by the Company to the Holder for each Warrant Right (the “Option Price”) shall be equal to the
Exercise Price. 

  
 5 

 Section 5.3. Procedures. Subject to Section 5.1, for so long as this
Warrant remains outstanding, the Company may exercise a Call Option at any time and from time to time by delivering to the Holder written notice of its intention to exercise the Call Option (the “Call Notice”) setting forth the date of the
Call Closing and the number of Warrant Rights with respect to which such Call Option is being exercised. Any portion of this Warrant that is subject of a Call Notice shall continue to be exercisable until the Call Closing. A Call Notice shall be
deemed to have been delivered on the date that it is placed in regular mail or with an express courier company addressed to the Holder at the address set forth on the records of the Company. 

Section 5.4. Call Closing. Each closing of the purchase of the Warrant Rights pursuant to the exercise of a Call Option (a
“Call Closing”) will occur not less than 10 business days nor more than 20 business days following the delivery of the Call Notice. At the Call Closing, the Company shall pay to the Holder in cash an amount equal to Option Price multiplied
by the number of Warrant Rights being acquired, which payment shall be made by wire transfer in immediately available funds to a bank account designated by the Holder prior to the Call Closing, and in the event that a Call Option is being exercised
with respect to all of the Warrant Rights, the Holder shall surrender this Warrant to the Company. 
 ARTICLE 6 

MISCELLANEOUS 

Section 6.1. Transferability. Before the Termination Date and subject to compliance with applicable laws and ARTICLE 6 of
this Warrant, this Warrant and all rights hereunder are transferable, in whole or in part, at the office or agency of the Company by the Holder in person or by duly authorized attorney, upon surrender of this Warrant together with the Assignment
Form annexed hereto properly endorsed. 
 Section 6.2. No Rights or Obligations as Holder of Common Stock Until Exercise. This
Warrant does not entitle the Holder to any voting rights or other rights as a holder of Common Stock of the Company before the exercise of this Warrant. No provision of this Warrant, in the absence of any affirmative action by the Holder to exercise
this Warrant or purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a shareholder of the Company, whether such
liability is asserted by the Company or by creditors of the Company. 
 Section 6.3. Loss, Theft, Destruction or Mutilation of
Warrant. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in case of loss, theft or destruction, of indemnity or security
reasonably satisfactory to it, and upon surrender and cancellation of such Warrant, if mutilated, the Company will make and deliver a new Warrant of like tenor and dated as of such cancellation, in lieu of such Warrant. 

Section 6.4. Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any
right required or granted herein shall be a Saturday, Sunday or a legal holiday, then such action may be taken or such right may be exercised on the next succeeding day not a Saturday, Sunday or legal holiday. 

  
 6 

 Section 6.5. Authorized Shares. The Company covenants that during the period this
Warrant is outstanding, the Company’s Board of Directors has authorized and reserved (and, in the case of any adjustment to the number of Warrant Shares hereunder, will authorize and reserve) for issuance such number of shares of Common Stock
to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant. The Company covenants that all shares of Common Stock that shall be so issuable shall be duly or validly issued, fully paid and
non-assessable. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for the
Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable
law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be listed. 
 Section 6.6.
Amendment, Modification; Waivers. A provision of this Warrant may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment, by the Company and the Holder, or in the case of a waiver,
by the Person against whom such waiver is intended to be effective, which writing shall specifically reference this Warrant, specify the provision(s) hereof that it is intended to amend or waive and further specify that it is intended to amend or
waive such provision(s). No failure or delay by any Person in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

Section 6.7. Notices. Except as expressly set forth herein, all notices and other communications hereunder shall be in writing and
shall be deemed duly given if (a) served by personal delivery upon the Person for whom it is intended, (b) delivered by registered or certified mail, return receipt requested, (c) delivered by overnight air courier or (d) sent by
facsimile transmission or email, with prompt confirmation by telephone of such transmission or email, if to the Company, to the address set forth on the signature pages hereto opposite the signature block of the Company, and as to the Holders, on
the records of the Company, to receive such notice or to such other address as may be designated in writing, in the same manner, by such Person. 

Section 6.8. Third-Party Beneficiaries. Nothing in this Warrant, express or implied, is intended to confer upon any Person other
than the Company and the Holder and their respective successors and permitted assigns any rights, benefits or remedies of any nature whatsoever. 

Section 6.9. Governing Law; Jurisdiction. This Warrant and the rights and obligations of the parties hereunder shall be enforced,
governed and construed in all respects in accordance with the internal substantive laws of the State of Delaware (without reference to principles of conflicts or choice of law that would cause the application of the internal laws of any other
jurisdiction). Each Party hereby irrevocably submits and consents to the jurisdiction of the state and federal courts located in New York, New York with respect to any dispute, controversy, legal action or other proceeding that arises from or
concerns this Warrant or the purchase of Warrant Shares and acknowledges that he, she or it will accept service of process by registered or certified mail or the equivalent directed to his, her or its address set forth herein or by whatever other
means are permitted by such courts. Each party hereby acknowledges that said courts have jurisdiction over any such dispute, controversy, legal action or other proceeding and that he, she or its hereby waives any objection to personal jurisdiction
or venue in these courts or that such courts are an inconvenient forum. 

  
 7 

 Section 6.10. Successors. Subject to applicable securities laws, this Warrant and the
rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the successors of the Company and the successors of the Holder. 

Section 6.11. Headings. All heading references contained in this Warrant are for convenience only and shall not be deemed to limit
or affect any of the provisions of this Warrant. 
 Section 6.12. Severability. The provisions of this Warrant shall be deemed
severable and the invalidity or unenforceability of any provision hereof shall not affect the validity or enforceability of any other provision. Whenever possible, each provision or portion of any provision of this Warrant shall be interpreted in
such manner as to be effective and valid under applicable law, but if any provision of this Warrant, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be
substituted therefor to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Warrant and the application of such provision to other Persons or
circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction; provided ,
that, if any one or more of the provisions contained in this Warrant shall be determined to be excessively broad as to activity, subject, duration or geographic scope, it shall be reformed by limiting and reducing it to the minimum extent necessary,
so as to be enforceable under applicable law. 
 Section 6.13. Counterparts. This Warrant may be executed in counterparts, all
of which shall be considered one and the same instrument, and shall become effective when one or more counterparts have been signed by each of the Company and the Holder and delivered to the other. 

[the next page is a signature page] 

  
 8 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto
duly authorized. 
  

							
	 COMPANY:
  

GLOBALOPTIONS GROUP, INC.
	 		 		 	  
 Addresses for Notices:

				
	
By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	 Two High Ridge Park
 Stamford, CT
06905

				
	 HOLDER:
  

                          
                                         
                                         
       
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	  
 Addresses for Notices:

 

                          
                                         
                                         
       

                          
                                         
                                         
       

                          
                                        
                                         
       

 Signature Page to Warrant 

  
 9 

 EXHIBIT A 

NOTICE OF EXERCISE 
  

	TO:	GlobalOptions Group, Inc. 

 1. The undersigned hereby elects to purchase
            Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together
with all applicable transfer taxes, if any. 
 2. Payment shall be in lawful money of the United States. 

3. Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is
specified below: 
  
  

 
  

 
  

The Warrant Shares shall be delivered to the following Depository Trust Company Deposit Withdrawal Agent Commission Account Number or by
physical delivery of a certificate to: 
  
  

 
  

 
  

 

 EXHIBIT B 

ASSIGNMENT & ASSUMPTION FORM 

(To assign the foregoing warrant, execute this form and supply the required information. 

Do not use this form to exercise the warrant.) 

Dated: [•] 
 FOR VALUE RECEIVED, the
foregoing Warrant and all rights evidenced thereby are hereby assigned to                     (the “Assignee”). The Assignee, by executing
this Assignment and Assumption, hereby agrees to comply with all of the provisions of the Warrant, with the same force and effect as if the Assignee were originally the Holder thereunder. 

 

							
	 [HOLDER]
  

                          
                                         
                                         
       
  
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	 Whose Address is:
  

                          
                                         
                                         
       

                          
                                         
                                         
       

                          
                                         
                                         
       

				
	 [ASSIGNEE]
  

                          
                                         
                                         
       
  
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	 Whose Address is:
  

                          
                                         
                                         
       

                          
                                         
                                         
       

                          
                                         
                                         
       

  
 ii 

 Execution Copy 

WARRANT TO PURCHASE SHARES OF COMMON STOCK 

OF 
 GLOBALOPTIONS GROUP,
INC. 
 THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE WARRANT UNDER SUCH ACT AND APPLICABLE LAWS OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND APPLICABLE LAWS OR AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 
 FOR HOLDERS THAT ARE RESIDENTS OF CANADA: UNLESS PERMITTED UNDER
SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS FOUR MONTHS AND A DAY AFTER THE LATER OF (I) SEPTEMBER 18, 2013, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR
TERRITORY. 
 Initial Issuance Date: September 18, 2013 

THIS COMMON STOCK PURCHASE WARRANT (this “Warrant”) certifies that, for value received, the undersigned warrant holder (the
“Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or before 5:00 p.m. New York
City time on the third anniversary of the Initial Issuance Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from GlobalOptions Group, Inc., a Delaware corporation (the “Company”), up to [•]
shares (the “Warrant Shares”) of common stock, $.001 par value per share (the “Common Stock”) of the Company. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price (as defined in
Section 1.2 of this Warrant). This Warrant is issued pursuant to the Subscription, Purchase and Investment Agreement, dated as of the date hereof (the “Investment Agreement”) by and between the Company, Walker Digital, LLC
and the Holder. 
 ARTICLE 1 

EXERCISE 

Section 1.1. Exercise of Warrant. 

(a) For so long as this Warrant remains outstanding, exercise of the purchase rights represented by this Warrant may be made,
in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by: 

(i) delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the
Holder pursuant to Section 7.10 of this Agreement) of (A) a duly executed copy of a Notice of Exercise in the form attached to this Warrant (the “Notice of Exercise”) and, (B) if this Warrant is exercised in full,
this Warrant; and 

 (ii) payment to the Company of the aggregate Exercise Price of the Warrant Shares
thereby purchased (as well as all taxes required to be paid by the Holder, if any) by wire transfer or cashier’s check drawn on a United States bank. 

(b) Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder shall, upon request of the Company after any partial
exercise of this Warrant, surrender this Warrant to the Company in exchange for a new Warrant evidencing the right of the Holder to purchase the unpurchased Warrant Shares pursuant to this Warrant, which new Warrant shall in all other respects be
identical with this Warrant. The Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. 

Section 1.2. Exercise Price. The exercise price per share of the Common Stock under this Warrant shall be $3.00 per Warrant Share,
subject to adjustment hereunder (the “Exercise Price”). 
 Section 1.3. Authorization of Warrant Shares. The Company
covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment of the Exercise Price therefor, be duly
authorized, validly issued, fully paid and non-assessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue and liens and charges
created or incurred by Holder). 
 Section 1.4. Delivery of Certificates Upon Exercise. Certificates representing Warrant Shares
shall be transmitted by the Company (whether through its transfer agent or otherwise) to the Holder to the address specified by the Holder in the Notice of Exercise within five business days from the delivery to the Company of the Notice of
Exercise, together with an amount in cash in lieu of any fractional share(s), surrender of this Warrant (if the Warrants are exercised in full or if requested by the Company pursuant to subsection 1.1(b)) and payment of the aggregate Exercise Price
as set forth above (“Warrant Share Delivery Date”). The Warrant Shares shall be issued free of all legends, unless, in the opinion of counsel to the Company (after taking into account any representations of the Holder), the securities laws
require a legend(s) to be affixed to the certificate(s) representing the Warrants Shares. This Warrant shall be deemed to have been exercised, the Warrant Shares shall be deemed to have been issued and the Holder or any other Person (which term
shall mean any individual, trust, corporation, partnership, association, joint venture, limited liability company, joint stock company, unincorporated organization or governmental authority) so designated to be named therein shall be deemed to have
become a holder of record of such shares for all purposes on the first date on which the Notice of Exercise has been properly delivered to the Company and the Company has received the Exercise Price and all taxes required to be paid by the Holder,
if any. 

  
 2 

 ARTICLE 2 

DISSOLUTION 

Section 2.1. Dissolution, Liquidation. If, on or prior to the Expiration Date, the Company (or any other Person controlling the
Company) shall propose a voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, the Company shall give written notice thereof to the Holder in the manner provided in Section 7.10 prior to the date
on which such transaction is expected to become effective or, if earlier, the record date for such transaction. Such notice also shall specify the date on which the holders of record of the shares of Common Stock shall be entitled to exchange their
shares for securities, money or other property deliverable upon such dissolution, liquidation or winding up, as the case may be. On the date of and as a condition to the consummation of any such transaction, the Holder shall receive the securities,
money or other property that the Holder would have been entitled to receive had the Holder been the holder of record of the shares of Common Stock issuable upon exercise of this Warrant immediately prior to such dissolution, liquidation or winding
up (net of the Exercise Price) and the rights to exercise this Warrant shall terminate. 
 ARTICLE 3 

ADJUSTMENT 

Section 3.1. Adjustments. The Exercise Price and the number of shares purchasable hereunder are subject to adjustment from time to
time as follows: 
 (a) Merger, Sale of Assets, etc. If at any time while this Warrant, or any portion hereof, is
outstanding and unexpired there shall be (i) a reorganization (other than a combination, reclassification, exchange or subdivision of shares otherwise provided for herein), (ii) a merger or consolidation of the Company with or into another
Person in which the Company is not the surviving entity, or a merger in which the Company is the surviving entity but the shares of the Company’s capital stock outstanding immediately prior to the merger are converted by virtue of the merger
into other property, whether in the form of securities, cash, or otherwise, or (iii) a sale or transfer of the Company’s properties and assets as, or substantially as, an entirety to any other person, then, as a part of such
reorganization, merger, consolidation, sale or transfer, lawful provision shall be made so that the holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant, during the period specified herein and upon payment of
the Exercise Price, the number of shares of stock or other securities or property of the successor corporation resulting from such reorganization, merger, consolidation, sale or transfer that a holder of the shares deliverable upon exercise of this
Warrant would have been entitled to receive in such reorganization, consolidation, merger, sale or transfer if this Warrant had been exercised immediately before such reorganization, merger, consolidation, sale or transfer, all subject to further
adjustment as provided in this ARTICLE 3. If the per share consideration payable to the holder hereof for shares in connection with any such transaction is in a form other than cash or marketable securities, then the value of such
consideration shall be determined in good faith by the Company’s Board of Directors. In all events, appropriate adjustment (as determined in good faith by the Company’s Board of Directors) shall be made in the application of the provisions
of this Warrant with respect to the rights and interests of the Holder after the transaction, to the end that the provisions of this Warrant shall be applicable after that event, as near as reasonably may be, in relation to any shares or other
property deliverable after that event upon exercise of this Warrant. 

  
 3 

 (b) Reclassification, etc. If the Company, at any time while this Warrant
or any portion hereof remains outstanding and unexpired, by reclassification of securities or otherwise, shall change any of the securities as to which purchase rights under this Warrant exist into the same or a different number of securities of any
other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the purchase rights
under this Warrant immediately prior to such reclassification or other change and the Exercise Price therefor shall be appropriately adjusted, all subject to further adjustment as provided in this ARTICLE 3. 

(c) Split, Subdivision or Combination of Shares. If the Company, at any time while this Warrant or any portion hereof
remains outstanding and unexpired, shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities of the same class, the Exercise Price for such securities shall be
proportionately decreased in the case of a split or subdivision or proportionately increased in the case of a combination. 

(d) Adjustments for Dividends in Stock or Other Securities or Property. If, while this Warrant or any portion hereof
remains outstanding and unexpired, the holders of the securities as to which purchase rights under this Warrant exist at the time shall have received, or, on or after the record date fixed for the determination of eligible stockholders, shall have
become entitled to receive, without payment therefor, other or additional stock or other securities or property (other than cash) of the Company by way of dividend or otherwise, then and in each case, this Warrant shall represent the right to
acquire, in addition to the number of shares of the security receivable upon exercise of this Warrant, and without payment of any additional consideration therefor, the amount of such other or additional stock or other securities or property (other
than cash) of the Company that such holder would hold on the date of such exercise had it been the holder of record of the security receivable upon exercise of this Warrant on the date hereof and had thereafter, during the period from the date
hereof to and including the date of such exercise, retained such shares and/or all other additional stock available by it as aforesaid during such period, giving effect to all adjustments called for during such period by the provisions of this
ARTICLE 3. 
 (e) Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment
pursuant to this ARTICLE 3, the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each Holder of this Warrant a certificate setting forth such adjustment or
readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Company shall, upon the written request, at any time, of any such Holder, furnish or cause to be furnished to such Holder a like certificate
setting forth: (i) such adjustments and readjustments; (ii) the Exercise Price at the time in effect; and (iii) the number of shares and the amount, if any, of other property that at the time would be received upon the exercise of the
Warrant. 

  
 4 

 (f) No Impairment. The Company will not, by any voluntary action, avoid or
seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this ARTICLE 3 and in the taking of
all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Warrant against impairment. 

(g) In case the Company, after the date hereof, shall take any action affecting the Common Stock, other than any action
described in this Article, which, in the reasonable opinion of the directors of the Company, would materially affect the rights of the Holders and/or the rights attached to the Warrants, then the number of Warrant Shares which are to be received
pursuant to the Warrants shall be adjusted in such manner, if any, and at such time as the directors of the Company may, in their direction, reasonably determine to be equitable to the Holders in such circumstances. 

ARTICLE 4 
 TRANSFERS

 Section 4.1. Transferability. Subject to compliance with applicable federal and state securities laws, this Warrant and
all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the
Holder or its agent or attorney and funds sufficient to pay any applicable transfer taxes. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees
and in the denomination or denominations specified in such instrument of assignment and, if the assignor assigns less than the entirety of this Warrant, shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so
assigned, and this Warrant shall promptly be cancelled. 
 Section 4.2. New Warrants. This Warrant may be divided or combined
with other Warrants upon presentation of this Warrant at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or
attorney. Subject to compliance with Section 4.1 of this Warrant, as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for this Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date set forth on the first page of this Warrant and shall be identical to this Warrant, except as
to the number of Warrant Shares issuable pursuant thereto. 
 Section 4.3. Warrant Register. The Company shall register this
Warrant, upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the record holder from time to time. The Company may deem and treat the registered holder of this Warrant as the absolute owner
of this Warrant for the purpose of any exercise of this Warrant and for all other purposes, absent actual notice to the contrary. 

  
 5 

 ARTICLE 5 

CALL OPTION 

Section 5.1. Call Option. The Company, subject to compliance with this ARTICLE 5, has an option (the “Call
Option”) to acquire all or a portion of this Warrant. It is a condition to the Company’s right to exercise the Call Option that, prior to the exercise of the Call Option, the closing price of the Common Stock equals or exceeds $6.00 per
share for any 20 trading days within any period of 30 consecutive trading days. 
 Section 5.2. Option Price. For each part of
this Warrant representing the right to acquire one share of Common Stock (each, a “Warrant Right”), the price to be paid in cash by the Company to the Holder for each Warrant Right (the “Option Price”) shall be equal to the
Exercise Price. 
 Section 5.3. Procedures. Subject to Section 5.1, for so long as this Warrant remains outstanding,
the Company may exercise a Call Option at any time and from time to time by delivering to the Holder written notice of its intention to exercise the Call Option (the “Call Notice”) setting forth the date of the Call Closing and the number
of Warrant Rights with respect to which such Call Option is being exercised. Any portion of this Warrant that is subject of a Call Notice shall continue to be exercisable until the Call Closing. A Call Notice shall be deemed to have been delivered
on the date that it is placed in regular mail or with an express courier company addressed to the Holder at the address set forth on the records of the Company. 

Section 5.4. Call Closing. Each closing of the purchase of the Warrant Rights pursuant to the exercise of a Call Option (a
“Call Closing”) will occur not less than 10 business days nor more than 20 business days following the delivery of the Call Notice. At the Call Closing, the Company shall pay to the Holder in cash an amount equal to Option Price multiplied
by the number of Warrant Rights being acquired, which payment shall be made by wire transfer in immediately available funds to a bank account designated by the Holder prior to the Call Closing, and in the event that a Call Option is being exercised
with respect to all of the Warrant Rights, the Holder shall surrender this Warrant to the Company and the Company shall issue a new warrant certificate evidencing the right of the Holder to purchase the Warrant Shares that were not purchased by the
Company pursuant to the Call Option. 
 ARTICLE 6 

MISCELLANEOUS 

Section 6.1. The Company covenants with the Holder that so long as any Warrants remain outstanding: 

(a) the Warrants, when issued will be valid and binding obligations enforceable against it in accordance with and subject to
the provisions contained herein; 

  
 6 

 (b) it will reserve and keep available a sufficient number of Common Stock for
the purpose of enabling it to satisfy its obligations to issue Warrant Shares upon exercise of the Warrants outstanding from time to time hereunder; 

(c) it will cause the Common Stock and the certificates representing the Common Stock from time to time acquired pursuant to
the exercise of the Warrants to be duly issued and delivered in accordance with the terms hereof; 
 (d) all Common Stock
which shall be issued upon exercise of the right to acquire provided for herein shall be fully paid and non-assessable; 

(e) the Company will do, or cause to be done, all things necessary to preserve and keep in full force and effect its corporate
existence and carry out its business in a prudent manner. 
 ARTICLE 7 

MISCELLANEOUS 

Section 7.1. Transferability. Before the Termination Date and subject to compliance with applicable laws and ARTICLE 7 of
this Warrant, this Warrant and all rights hereunder are transferable, in whole or in part, at the office or agency of the Company by the Holder in person or by duly authorized attorney, upon surrender of this Warrant together with the Assignment
Form annexed hereto properly endorsed. 
 Section 7.2. No Rights or Obligations as Holder of Common Stock Until Exercise. This
Warrant does not entitle the Holder to any voting rights or other rights as a holder of Common Stock of the Company before the exercise of this Warrant. No provision of this Warrant, in the absence of any affirmative action by the Holder to exercise
this Warrant or purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a shareholder of the Company, whether such
liability is asserted by the Company or by creditors of the Company. 
 Section 7.3. If a dispute shall at any time arise with respect
to adjustments of the number of common shares to be issued upon the exercise of the Warrants the dispute shall be conclusively determined by the Company’s external auditors or, if they are unable or unwilling to act, by such firm of independent
chartered accountants as may be selected by the directors of the Company and any such determination shall, absent manifest error, be binding upon the Company and the Holders. 

Section 7.4. Each Warrant shall pari passu among themselves and with all other Warrants issued or to be issued hereunder, whatever may be
the actual date of issue of same. 
 Section 7.5. In the case of the consolidation, amalgamation, merger or transfer of the undertaking
or assets of the Company as an entirety or substantially as an entirety to another person, trust, corporation, partnership or similar entity (“successor entity”), the successor entity resulting from such consolidation, amalgamation, merger
or transfer (if not the Company) shall expressly assume the due and punctual performance and observance of each and every covenant and condition of this Warrant to be performed and observed by the Company. 

  
 7 

 Section 7.6. Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants
that upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and upon
surrender and cancellation of such Warrant, if mutilated, the Company will make and deliver a new Warrant of like tenor and dated as of such cancellation, in lieu of such Warrant. 

Section 7.7. Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any
right required or granted herein shall be a Saturday, Sunday or a legal holiday, then such action may be taken or such right may be exercised on the next succeeding day not a Saturday, Sunday or legal holiday. 

Section 7.8. Authorized Shares. The Company covenants that during the period this Warrant is outstanding, the Company’s Board
of Directors has authorized and reserved (and, in the case of any adjustment to the number of Warrant Shares hereunder, will authorize and reserve) for issuance such number of shares of Common Stock to provide for the issuance of the Warrant Shares
upon the exercise of any purchase rights under this Warrant. The Company covenants that all shares of Common Stock that shall be so issuable shall be duly or validly issued, fully paid and non-assessable. The Company further covenants that its
issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for the Warrant Shares upon the exercise of the purchase rights
under this Warrant. The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the Trading
Market upon which the Common Stock may be listed. 
 Section 7.9. Amendment, Modification; Waivers. A provision of this Warrant
may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment, by the Company and the Holder, or in the case of a waiver, by the Person against whom such waiver is intended to be effective,
which writing shall specifically reference this Warrant, specify the provision(s) hereof that it is intended to amend or waive and further specify that it is intended to amend or waive such provision(s). No failure or delay by any Person in
exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights
and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 
 Section 7.10.
Notices. Except as expressly set forth herein, all notices and other communications hereunder shall be in writing and shall be deemed duly given if (a) served by personal delivery upon the Person for whom it is intended,
(b) delivered by registered or certified mail, return receipt requested, (c) delivered by overnight air courier or (d) sent by facsimile transmission or email, with prompt confirmation by telephone of such transmission or email, if to
the Company, to the address set forth on the signature pages hereto opposite the signature block of the Company, and as to the Holders, on the records of the Company, to receive such notice or to such other address as may be designated in writing,
in the same manner, by such Person. 

  
 8 

 Section 7.11. Third-Party Beneficiaries. Nothing in this Warrant, express or implied,
is intended to confer upon any Person other than the Company and the Holder and their respective successors and permitted assigns any rights, benefits or remedies of any nature whatsoever. 

(a) Governing Law; Jurisdiction. This Warrant and the rights and obligations of the parties hereunder shall be enforced, governed and
construed in all respects in accordance with the internal substantive laws of the State of New York (without reference to principles of conflicts or choice of law that would cause the application of the internal laws of any other jurisdiction). Each
Party hereby irrevocably submits and consents to the jurisdiction of the state and federal courts located in New York, New York with respect to any dispute, controversy, legal action or other proceeding that arises from or concerns this Warrant or
the purchase of Warrant Shares and acknowledges that he, she or it will accept service of process by registered or certified mail or the equivalent directed to his, her or its address set forth herein or by whatever other means are permitted by such
courts. Each party hereby acknowledges that said courts have jurisdiction over any such dispute, controversy, legal action or other proceeding and that he, she or its hereby waives any objection to personal jurisdiction or venue in these courts or
that such courts are an inconvenient forum. EACH PARTY HERETO HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO
BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. 

Section 7.12. Successors. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby
shall inure to the benefit of and be binding upon the successors of the Company and the successors of the Holder. 
 Section 7.13.
Headings. All heading references contained in this Warrant are for convenience only and shall not be deemed to limit or affect any of the provisions of this Warrant. 

Section 7.14. Severability. The provisions of this Warrant shall be deemed severable and the invalidity or unenforceability of any
provision hereof shall not affect the validity or enforceability of any other provision. Whenever possible, each provision or portion of any provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor to carry out, so far as may be valid and
enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Warrant and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or
unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction; provided , that, if any one or more of the provisions contained in this
Warrant shall be determined to be excessively broad as to activity, subject, duration or geographic scope, it shall be reformed by limiting and reducing it to the minimum extent necessary, so as to be enforceable under applicable law. 

  
 9 

 Section 7.15. Counterparts. This Warrant may be executed in counterparts, all of
which shall be considered one and the same instrument, and shall become effective when one or more counterparts have been signed by each of the Company and the Holder and delivered to the other. 

[the next page is a signature page] 

  
 10 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto
duly authorized. 
  

							
	 COMPANY:
  

GLOBALOPTIONS GROUP, INC.
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	  
 Addresses for Notices:

 
 Two High Ridge Park

Stamford, CT 06905

				
	 HOLDER:
  

                          
                                         
                                         
       
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	  
 Addresses for Notices:

 

                          
                                         
                                         
       

                          
                                         
                                         
       

                          
                                         
                                         
       

 Signature Page to Warrant 

  
 11 

 EXHIBIT A 

NOTICE OF EXERCISE 
  

	TO:	GlobalOptions Group, Inc. 

 1. The undersigned hereby elects to purchase
            Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together
with all applicable transfer taxes, if any. 
 2. Payment shall be in lawful money of the United States. 

3. Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is
specified below: 
  
  

 
  

 
  

The Warrant Shares shall be delivered to the following Depository Trust Company Deposit Withdrawal Agent Commission Account Number or by
physical delivery of a certificate to: 
  
  

 
  

 
  

 

 EXHIBIT B 

ASSIGNMENT & ASSUMPTION FORM 

(To assign the foregoing warrant, execute this form and supply the required information. 

Do not use this form to exercise the warrant.) 

Dated: [•] 
 FOR VALUE RECEIVED, the
foregoing Warrant and all rights evidenced thereby are hereby assigned to                     (the “Assignee”). The Assignee, by executing
this Assignment and Assumption, hereby agrees to comply with all of the provisions of the Warrant, with the same force and effect as if the Assignee were originally the Holder thereunder. 

 

							
	 [HOLDER]
  

                          
                                         
                                         
       
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	 Whose Address is:
  

                          
                                         
                                         
       

                          
                                         
                                         
       

                          
                                         
                                         
       

				
	 [ASSIGNEE]
  

                          
                                         
                                         
       
  

By:                         
                                         
                                         
 

Name:                         
                                         
                                    

Title:                         
                                         
                                      
	 		 		 	 Whose Address is:
  

                          
                                         
                                         
       

                          
                                         
                                         
       

                          
                                         
                                         
       

  
 ii

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