Document:

EXHIBIT
10.6

    

    INTELLECTUAL PROPERTY
ASSIGNMENT

    

    THIS INTELLECTUAL PROPERTY ASSIGNMENT
(“Assignment”) is made and entered into as of July 19, 2010 (the “Effective
Date”), by and between GlobalOptions Group, Inc., a Delaware corporation,
GlobalOptions, Inc, a Delaware corporation (together, the “Assignor”) and
GlobalOptions Services, Inc., a Delaware corporation (“Assignee”).

    

    WHEREAS, Assignor and Assignee
have entered into that certain Asset Purchase Agreement, dated as of June 11,
2010 (the “APA”), pursuant to which Assignor has agreed, inter alia, to assign to
Assignee certain Intellectual Property (as defined below); and

    

    WHEREAS, Assignee wishes to
acquire, and Assignor wishes to assign to Assignee, all of Assignor’s right,
title and interest in and to the Intellectual Property.

    

    NOW, THEREFORE, in
consideration of the premises and the mutual representations, warranties,
covenants and agreements set forth in this Assignment and in the APA, the
parties agree as follows:

    

    1.           Subject
to the terms and conditions of the APA and this Assignment, Assignor hereby
sells, transfers, assigns, conveys and delivers to Assignee, its successors and
assigns all right, title and interest in and to all of the intellectual property
set forth on Schedule A attached hereto (collectively, the “Intellectual
Property”) throughout the world and all Letters Patent, trademarks, and
copyrights, if any, that are or may be granted thereon or embodied therein, and
any and all applications, registrations, renewals and extensions of any of the
Intellectual Property, together with the goodwill associated with and/or
symbolized by the Intellectual Property and all common law rights in and to the
Intellectual Property and the right to obtain future registrations thereof, and
all rights, claims and privileges pertaining to the Intellectual Property,
including, without limitation, all proceeds thereof and all causes of action,
claims and demands and other rights for, or arising from the Intellectual
Property, including, without limitation, the right to prosecute and maintain
registrations and applications for the Intellectual Property and the right to
sue and recover damages for past, present and future infringement of the
Intellectual Property in the United States and in any country or countries
foreign to the United States.

     

    2.           Assignor
also assigns to Assignee, its successors and assigns all of Assignor’s rights
and obligations under License Agreement by and between GlobalOptions, Inc. and
Witt Group Holdings, LLC, Exhibit G to the Asset Purchase Agreement, dated May
13, 2010, by and among GlobalOptions Group, Inc., GlobalOptions, Inc. and Witt
Group Holdings, LLC, an approved form of which is attached as Schedule B,
pertaining to the Intellectual Property (the “License Agreement”), and should
the License Agreement be approved and finalized, Assignee hereby accepts such
assignment and Assignor’s obligations thereunder.

     

    3.           Assignor
agrees to and shall, without further consideration, execute and deliver, at the
request of Assignee from time to time, all papers, instruments and assignments,
and perform any other reasonable acts Assignee may require from time to time to
effect fully this Assignment and vest in Assignee all of Assignor’s right, title
and interest in and to the Intellectual Property, including, without limitation,
all documents necessary to record in the name of Assignee the assignment of the
Intellectual Property with the United States Patent and Trademark Office and the
United States Copyright Office (as applicable) and, with respect to any foreign
rights included in or that may be applicable to the Intellectual Property, with
any other applicable foreign or international office or registrar.

     

    4.           This
Assignment shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and permitted assigns.

     

    5.           This
Assignment may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.

     

    6.           To
the extent any provision herein is inconsistent with the APA, the provisions of
this Assignment shall control.

    

    [Signature page
follows]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, Assignor
and Assignee have caused this Assignment to be signed and executed by the
undersigned officers thereunto duly authorized this 19th day of
July, 2010.

    

    
      
        	
                GLOBALOPTIONS
      GROUP, INC.

              	 
      	
                GLOBALOPTIONS
      SERVICES, INC.

              
	 
      	 
      	 
      	 
      	 
      
	
                By:

              	
                /s/ Harvey W. Schiller,
    Ph.D.

              	 
      	
                By:

              	
                /s/ Frank Pinder

              
	 
      	 
      	 
      	 
      	 
      
	
                Name:

              	
                Harvey
      W. Schiller, Ph.D.

              	 
      	
                Name:

              	
                Frank
      Pinder

              
	 
      	 
      	 
      	 
      	 
      
	
                Title:

              	
                Chief
      Executive Officer

              	 
      	
                Title:

              	
                President
      and Chief Executive Officer

              
	 
      	 
      	 
      	 
      	 
      
	
                GLOBALOPTIONS,
      INC.

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                By:

              	
                /s/ Harvey W. Schiller,
    Ph.D.

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                Name:

              	
                Harvey
      W. Schiller, Ph.D.

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                Title:

              	
                Chief
      Executive Officer

              	 
      	 
      	 
      

      

    

    

    State of
  District
of
Columbia                          

    City of
 Washington     

    

    This
  15th  day of July,
2010, _Harvey Schiller_ personally came before me,  John Pate Felts 
, a Notary Public for said County and State, who being by me duly sworn,
says that he is _CEO_ of GlobalOptions Group, Inc., a Delaware corporation, and
that said writing was signed and sealed by him on behalf of said corporation by
its authority duly given.  The said _Harvey Schiller, CEO_
acknowledged the said writing to be the free act and deed of the
corporation.

    

    WITNESS
my hand and notarial seal.

      /s/ John Pate
Felts   

    Notary
Public

    My
Commission Expires:

      10/14/2014    

    [SEAL]

    

    State of
  District
of
Columbia                          

    City of
 Washington     

    

    This
  15th  day of July,
2010, _Harvey Schiller_ personally came before me,  John Pate Felts 
, a Notary Public for said County and State, who being by me duly sworn,
says that he is _CEO_ of GlobalOptions Group, Inc., a Delaware corporation, and
that said writing was signed and sealed by him on behalf of said corporation by
its authority duly given.  The said _Harvey Schiller, CEO_
acknowledged the said writing to be the free act and deed of the
corporation.

    

    WITNESS
my hand and notarial seal.

      /s/ John Pate
Felts   

    Notary
Public

    My
Commission Expires:

      10/14/2014    

    [SEAL]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
A

     

    All right
title and interest in all trademarks, copyrights, trade secrets
and  patents to the GlobalTrak Software and Code GlobalTrak and
related ColdFusion code Standard '7.0, 8.0 subject to GlobalTrak license granted
to Witt Group, Inc., a form of which is attached hereto to Schedule
B.

     

    All right
title and interest in all trademarks, copyrights, trade secrets and patents to
the Secure Source Forensics IT software.

     

    Domain
Names

    

    SECURESOURCE.COM

    SECURESOURCE.NET

    ARGSIU.COM

    ASCSIU.COM

    BNSFSIU.COM

    CBRWEB.COM

    CCMSIFIRE.COM

    CONSURV.COM

    CPRSIU.COM

    DRCLAIMSINVESTIGATION.COM

    FACTICON.COM

    GBSIU.COM

    GLOBALFSIU.COM

    GLOBALFSIU.NET

    GLOBALFSIU.ORG

    GLOBALSIU.COM

    GLOBALSIU.NET

    GLOBALSIU.ORG

    GOGLOBALTRAK.COM

    GOGLOBALTRAK.NET

    GOREPORTING.COM

    HYPERIONRISK.COM

    KCSRSIU.COM

    MIDSIU.COM

    MYGLOBALTRAK.COM

    MYGLOBALTRAK.NET

    NARISKINVESTIGATION.COM

    PATHFINDERSIU.COM

    RTWSIU.COM

    WORKFIRSTSIU.COM

     

    Trademarks
and Tradenames

     

    Executive
Forum

    GlobalTrak

    

    REGISTRATION:

     

    
      
        	
                TRADEMARK

              	 
      	
                REGISTRATION
      NO.

              	 
      	
                INTERNATIONAL
      CLASS

              	 
      	
                COUNTRY

              
	
                GLOBALTRAK

              	
                  

              	
                3483323

              	
                  

              	
                042

              	
                  

              	
                United
      States

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
B

    License
Agreement by and between GlobalOptions, Inc. and Witt Group Holdings,
LLCUnassociated Document

    EXHIBIT
10.7

     

    FIFTH
LOAN MODIFICATION AGREEMENT

     

    This Fifth Loan Modification Agreement
(this “Loan Modification Agreement”) is entered into as of July 12, 2010, by and
among (a) SILICON VALLEY
BANK, a California corporation, with its principal place of business at
3003 Tasman Drive, Santa Clara, California 95054 and with a loan production
office located at One Newton Executive Park, Suite 200, 2221 Washington Street,
Newton, Massachusetts 02462 (“Bank”) and (b) (i) GLOBALOPTIONS, INC., a
Delaware corporation with offices at 1501 M Street,
N.W., Washington, D.C. 20005 (“Global”), and (ii) THE BODE TECHNOLOGY GROUP,
INC., a Delaware corporation with offices at 1501 M Street,
N.W., Washington, D.C. 20005 (“Bode”) (Global and Bode are jointly and
severally, individually and collectively, referred to herein as the
“Borrower”).

     

    1.           DESCRIPTION OF EXISTING
INDEBTEDNESS AND OBLIGATIONS.  Among other indebtedness and
obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank
pursuant to a loan arrangement dated as of March 31, 2008, evidenced by, among
other documents, a certain Fourth Amended and Restated Loan and Security
Agreement dated as of March 31, 2008, among Borrower and Bank, as amended by a
certain First Loan Modification Agreement dated as of March 30, 2009, as further
amended by a certain Second Loan Modification Agreement dated as of August 27,
2009, as further amended by a certain Third Loan Modification Agreement dated as
of December 31, 2009, and as further amended by a certain Fourth Loan
Modification Agreement dated as of April 15, 2010 (as amended, the “Loan
Agreement”).  Capitalized terms used but not otherwise defined herein
shall have the same meaning as in the Loan Agreement.

     

    2.           DESCRIPTION OF
COLLATERAL.  Repayment of the Obligations is secured by (a) the
Collateral as described in the Loan Agreement, (b) the Intellectual Property
Collateral as described in a certain Intellectual Property Security Agreement
dated as of March 31, 2008 between Bank and Global (the “Global IP Security
Agreement”), and (c) the Intellectual Property Collateral as described in a
certain Intellectual Property Security Agreement dated as of March 31, 2008
between Bank and Bode (the “Bode IP Security Agreement”) (together with any
other collateral security granted to Bank, the “Security
Documents”).  Hereinafter, the Security Documents, together with all
other documents evidencing or securing the Obligations shall be referred to as
the “Existing Loan Documents”.

     

    3.           DESCRIPTION OF CHANGE IN
TERMS.

     

    
      	
               
      

            	
              A.

            	
              Modifications
      to Loan Agreement.

            

    

     

    
      	
               
      

            	
              1

            	
              Borrower
      hereby acknowledges, confirms and agrees that, upon and after the
      occurrence of the Sale Event, no further Advances based upon Aggregate
      Eligible Accounts may be requested by Borrower and that Bank has no
      obligation to make any Advances based upon Aggregate Eligible Accounts as
      of such date.  In addition, the outstanding principal amount of
      the Advances made based upon Aggregate Eligible Accounts must be repaid in
      full or, at the sole and absolute discretion of Bank, refinanced as
      Advances based upon Eligible Accounts, and all other Obligations with
      respect to Advances made based upon Aggregate Eligible Accounts
      (including, without limitation, all Finance Charges, Collateral Handling
      Fees, and other fees or amounts due in connection with the Advances made
      based upon Aggregate Eligible Accounts) shall be immediately paid in
      full.

            

    

     

    
      	
               
      

            	
              2

            	
              The
      Loan Agreement shall be amended by deleting the following text, appearing
      in Section 2.1.1(a) thereof:

            

    

     

    “      
      (ii)     
      Subject to the terms of this Agreement,
Borrower may request that Bank finance Eligible Accounts on an aggregate
basis.  Bank may, in its sole discretion in each instance, finance
Eligible Accounts on an aggregate basis by extending credit to Borrower in an
amount equal to the result of the Advance Rate multiplied by the aggregate face
amount of a summary listing of Eligible Accounts provided to Bank for one
Account Debtor (the “Aggregate Eligible Accounts”).  Bank may, in its
sole discretion, change the percentage of the Advance Rate for the Aggregate
Eligible Accounts on a case by case basis.

     

    (iii)          Any
extension of credit made pursuant to the terms of subsection (i) or (ii) above
shall hereinafter be referred to as an “Advance”.  When Bank makes an
Advance, the Eligible Account or the Aggregate Eligible Accounts each become a
separate “Financed Receivable”.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    and
inserting in lieu thereof the following:

     

    “         
   (ii)           Subject
to the terms of this Agreement and prior to the occurrence of the Sale Event,
Borrower may request that Bank finance Eligible Accounts on an aggregate
basis.  Bank may, in its sole discretion in each instance, finance
Eligible Accounts on an aggregate basis by extending credit to Borrower in an
amount equal to the result of the Advance Rate multiplied by the aggregate face
amount of a summary listing of Eligible Accounts provided to Bank for one
Account Debtor (the “Aggregate Eligible Accounts”).  Bank may, in its
sole discretion, change the percentage of the Advance Rate for the Aggregate
Eligible Accounts on a case by case basis.

     

    (iii)           Any
extension of credit made pursuant to the terms of subsection (i) or, prior to
the occurrence of the Sale Event, subsection (ii), above shall hereinafter be
referred to as an “Advance”.  When Bank makes an Advance, the Eligible
Account or, prior to the occurrence of the Sale Event, the Aggregate Eligible
Accounts, each become a separate “Financed Receivable”.”

     

    
      	
               
      

            	
              3

            	
              The
      Loan Agreement shall be amended by deleting the following language,
      appearing in Section 2.1.1(b)
thereof:

            

    

     

    “In
addition and notwithstanding the foregoing, (i) the aggregate amount of Advances
outstanding at any time may not exceed Ten Million Dollars ($10,000,000.00), and
(ii) the aggregate amount of Advances made based upon Aggregate Eligible
Accounts outstanding at any time may not exceed Two Million Five Hundred
Thousand Dollars ($2,500,000.00).”

     

    and inserting in lieu thereof the
following:

     

    “In
addition and notwithstanding the foregoing, (i) prior to the occurrence of the
Sale Event, (A) the aggregate amount of Advances outstanding at any time may not
exceed Ten Million Dollars ($10,000,000.00), and (B) the aggregate amount of
Advances made based upon Aggregate Eligible Accounts outstanding at any time may
not exceed Two Million Five Hundred Thousand Dollars ($2,500,000.00), and (ii)
upon and after the occurrence of the Sale Event, the aggregate amount of
Advances outstanding at any time may not exceed Seven Million Five Hundred
Thousand Dollars ($7,500,000.00).”

     

    
      	
               
      

            	
              4

            	
              The
      Loan Agreement shall be amended by deleting the following text, appearing
      in Section 2.1.1 thereof:

            

    

     

    “        
    (c)           Borrowing
Procedure.  Borrower will deliver an Advance Request and
Invoice Transmittal in the form attached hereto as Exhibit
C signed by a Responsible Officer for each Advance it requests,
accompanied by an accounts receivable aging with respect to Advances requested
to be made based upon Aggregate Eligible Accounts, or by invoices with respect
to Advances requested to be made based upon Eligible Accounts.  Bank
may rely on information set forth in or provided with the Advance Request and
Invoice Transmittal.”

     

    and
inserting in lieu thereof the following:

     

    “         
   (c)           Borrowing
Procedure.

     

    (i)  Prior
to the occurrence of the Sale Event, Borrower will deliver an Advance Request
and Invoice Transmittal in the form attached hereto as Exhibit
C signed by a Responsible Officer for each Advance it requests,
accompanied by an accounts receivable aging with respect to Advances requested
to be made based upon Aggregate Eligible Accounts, or by invoices with respect
to Advances requested to be made based upon Eligible Accounts.  Bank
may rely on information set forth in or provided with the Advance Request and
Invoice Transmittal.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (ii)  Upon
and after the occurrence of the Sale Event, Borrower will deliver an Invoice
Transmittal for each Eligible Account it offers.  Bank may rely on
information set forth in or provided with the Invoice Transmittal.”

     

    
      	
               
      

            	
              5

            	
              The
      Loan Agreement shall be amended by deleting the following text, appearing
      in Section 2.1.1(f):

            

    

     

    “If this
Agreement is terminated (A) by Bank in accordance with clause (ii) in the
foregoing sentence, or (B) by Borrower for any reason, Borrower shall pay to
Bank a termination fee in an amount equal to Fifty Thousand Dollars ($50,000.00)
(the “Early Termination Fee”).”

     

    and
inserting in lieu thereof the following:

     

    “If this
Agreement is terminated (A) by Bank in accordance with clause (ii) in the
foregoing sentence, or (B) by Borrower for any reason, Borrower shall pay to
Bank a termination fee in an amount equal to (1) prior to the occurrence of the
Sale Event, Fifty Thousand Dollars ($50,000.00), and (2) upon and after the
occurrence of the Sale Event, Thirty Seven Thousand Five Hundred Dollars
($37,500.00) (the “Early Termination Fee”).”

     

    
      	
               
      

            	
              6

            	
              The
      Loan Agreement shall be amended by deleting the following text, appearing
      in Section 2.1.1 thereof:

            

    

     

    “         
   (h)           Suspension of
Advances.  Without limiting the fact that Bank has no
obligation to make Advances based upon Aggregate Eligible Accounts, Borrower’s
ability to request that Bank finance Eligible Accounts hereunder will terminate
if, in Bank’s sole discretion, there has been a material adverse change in the
general affairs, management, results of operation, condition (financial or
otherwise) or the prospect of repayment of the Obligations, or there has been
any material adverse deviation by Borrower from the most recent business plan of
Borrower presented to and accepted by Bank prior to the execution of this
Agreement.”

     

    and
inserting in lieu thereof the following:

     

    “     
       (h)           Suspension of
Advances.   Without limiting the fact that (i) Bank has no
obligation to make Advances based upon Aggregate Eligible Accounts prior to the
occurrence of the Sale Event, and (ii) Bank shall not make any Advances based
upon Aggregate Eligible Accounts upon and after the occurrence of the Sale
Event, Borrower’s ability to request that Bank finance Eligible Accounts
hereunder will terminate if, in Bank’s sole discretion, there has been a
material adverse change in the general affairs, management, results of
operation, condition (financial or otherwise) or the prospect of repayment of
the Obligations, or there has been any material adverse deviation by Borrower
from the most recent business plan of Borrower presented to and accepted by Bank
prior to the execution of this Agreement.”

     

    
      	
               
      

            	
              7

            	
              The
      Loan Agreement shall be amended by deleting the following text, appearing
      in Section 2.2.3 thereof:

            

    

     

    “Except
as otherwise provided in Section 2.3.1(b)(i), the Finance Charge is payable when
the Advance made based on such Financed Receivable is payable in accordance with
Section 2.3 hereof.”

     

    and
inserting in lieu thereof the following:

     

    “Except
as otherwise provided in Section 2.3.1(b)(i) prior to the occurrence of the Sale
Event, and at all times upon and after the occurrence of the Sale Event, the
Finance Charge is payable when the Advance made based on such Financed
Receivable is payable in accordance with Section 2.3 hereof.”

     

    
      	
               
      

            	
              8

            	
              The
      Loan Agreement shall be amended by deleting the following, appearing as
      Section 2.2.4 thereof:

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “          
  2.2.4      Collateral
Handling Fee.  Borrower will pay to Bank a collateral handling
fee equal to 0.20% (or, with respect to Financed Receivables based upon
Aggregate Eligible Accounts, 0.30%) per month of the Financed Receivable Balance
for each Financed Receivable outstanding based upon a 360 day year (the
“Collateral Handling Fee”), provided, however, for any Subject Month (as of the
first calendar day of such month) to the extent that Borrower maintained
Liquidity of greater than Twelve Million Five Hundred Thousand Dollars
($12,500,000.00) at all times during the applicable Testing Month, the
Collateral Handling Fee shall be 0.0% (or, with respect to Financed Receivables
based upon Aggregate Eligible Accounts, 0.10%) per month of the Financed
Receivable Balance for each Financed Receivable outstanding based upon a 360 day
year.  This fee is charged on a daily basis which is equal to the
Collateral Handling Fee divided by 30, multiplied by the number of days each
such Financed Receivable is outstanding, multiplied by the outstanding Financed
Receivable Balance.  Except as otherwise provided in Section
2.3.1(b)(i), the Collateral Handling Fee is payable when the Advance made based
on such Financed Receivable is payable in accordance with Section 2.3
hereof.  In computing Collateral Handling Fees under this Agreement,
all Collections received by Bank shall be deemed applied by Bank on account of
Obligations three (3) Business Days after receipt of the
Collections.  After an Event of Default, the Collateral Handling Fee
will increase an additional 0.50% effective immediately upon such Event of
Default; provided, however, as of the first day of the month following the month
in which the applicable Event of Default is cured (so long as at such time there
is no other Event of Default), the Collateral Handling Fee shall be reduced to
the applicable rate as set forth in the first sentence of this Section
2.2.4.”

     

    and inserting in lieu thereof the
following:

     

    “        
    2.2.4      Collateral
Handling Fee.

     

    (a)           Prior
to the occurrence of the Sale Event, Borrower will pay to Bank a collateral
handling fee equal to 0.20% (or, with respect to Financed Receivables based upon
Aggregate Eligible Accounts, 0.30%) per month of the Financed Receivable Balance
for each Financed Receivable outstanding based upon a 360 day year (the
“Collateral Handling Fee”), provided, however, for any Subject Month (as of the
first calendar day of such month) to the extent that Borrower maintained
Liquidity of greater than Twelve Million Five Hundred Thousand Dollars
($12,500,000.00) at all times during the applicable Testing Month, the
Collateral Handling Fee shall be 0.0% (or, with respect to Financed Receivables
based upon Aggregate Eligible Accounts, 0.10%) per month of the Financed
Receivable Balance for each Financed Receivable outstanding based upon a 360 day
year.  This fee is charged on a daily basis which is equal to the
Collateral Handling Fee divided by 30, multiplied by the number of days each
such Financed Receivable is outstanding, multiplied by the outstanding Financed
Receivable Balance.  Except as otherwise provided in Section
2.3.1(b)(i), the Collateral Handling Fee is payable when the Advance made based
on such Financed Receivable is payable in accordance with Section 2.3
hereof.

     

    (b)           Upon
and after the occurrence of the Sale Event, Borrower will pay to Bank a
collateral handling fee equal to 0.20% per month of the Financed Receivable
Balance for each Financed Receivable outstanding based upon a 360 day year (the
“Collateral Handling Fee”), provided, however, for any Subject Month (as of the
first calendar day of such month) to the extent that Borrower maintained
Liquidity of greater than Twelve Million Five Hundred Thousand Dollars
($12,500,000.00) at all times during the applicable Testing Month, the
Collateral Handling Fee shall be 0.0% per month of the Financed Receivable
Balance for each Financed Receivable outstanding based upon a 360 day
year.  This fee is charged on a daily basis which is equal to the
Collateral Handling Fee divided by 30, multiplied by the number of days each
such Financed Receivable is outstanding, multiplied by the outstanding Financed
Receivable Balance.  The Collateral Handling Fee is payable when the
Advance made based on such Financed Receivable is payable in accordance with
Section 2.3 hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)           In
computing Collateral Handling Fees under this Agreement, all Collections
received by Bank shall be deemed applied by Bank on account of Obligations three
(3) Business Days after receipt of the Collections.  After an Event of
Default, the Collateral Handling Fee will increase an additional 0.50% effective
immediately upon such Event of Default; provided, however, as of the first day
of the month following the month in which the applicable Event of Default is
cured (so long as at such time there is no other Event of Default), the
Collateral Handling Fee shall be reduced to the applicable rate as set forth in
the first sentence of subsection (i) or, prior to the occurrence of the Sale
Event, subsection (ii) (as applicable) of this Section 2.2.4.”

     

    
      	
               
      

            	
              9

            	
              The
      Loan Agreement shall be amended by deleting the following text, appearing
      in Section 2.3.1 thereof:

            

    

     

    “           
 (b)          With
respect to Advances made based on Aggregate Eligible Accounts:

     

    
      (i)            Borrower
shall pay to Bank, on the first day of each Reconciliation Period, and
contemporaneously with payment in full of an Advance made based upon Aggregate
Eligible Accounts, all accrued Finance Charges and Collateral Handling Fees on
the Advances made based on the Aggregate Eligible Accounts;

    

     

    
      (ii)          
Borrower
shall also pay the principal amount of each Advance made based on Aggregate
Eligible Accounts on the earliest of: (A) the date the Financed Receivable (or
any portion thereof) is no longer an Eligible Account, or an Adjustment has been
made to any portion of the Aggregate Eligible Accounts, or any Account
comprising the Aggregate Eligible Accounts has been paid by the Account Debtor
(but in each case only up to the portion of Advances such that the aggregate
Financed Receivable Balance (net of any Accounts that are paid, not Eligible
Accounts, or subject to an Adjustment) is not less than 125% of the aggregate
Advances made thereon); (B) the date on which there is a breach of any warranty
or representation set forth in Section 5.3; or (C) the Maturity Date (including
any early termination); and

    

     

    (iii)           In
addition to the foregoing, Borrower hereby authorizes Bank to, at Bank’s
election in its sole discretion, refinance each outstanding Advance which is
made based upon Aggregate Eligible Accounts at any time, including, without
limitation, when a portion of the Advance is repaid or when Bank makes an
additional Advance pertaining to Aggregate Eligible Accounts in respect of the
same Account Debtor.  Each such refinancing shall consist of the
creation of a new “placeholder note” on the books of Bank which evidences the
Financed Receivable Balance with respect to such Advance.”

     

    and
inserting in lieu thereof the following:

     

    “         
   (b)          With
respect to Advances made based on Aggregate Eligible Accounts:

     

    
      (i)           
Prior to
the occurrence of the Sale Event, Borrower shall pay to Bank, on the first day
of each Reconciliation Period, and contemporaneously with payment in full of an
Advance made based upon Aggregate Eligible Accounts, all accrued Finance Charges
and Collateral Handling Fees on the Advances made based on the Aggregate
Eligible Accounts;

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      (ii)            Borrower
shall also pay the principal amount of each Advance made based on Aggregate
Eligible Accounts on the earliest of: (A) the date the Financed Receivable (or
any portion thereof) is no longer an Eligible Account, or an Adjustment has been
made to any portion of the Aggregate Eligible Accounts, or any Account
comprising the Aggregate Eligible Accounts has been paid by the Account Debtor
(but in each case only up to the portion of Advances such that the aggregate
Financed Receivable Balance (net of any Accounts that are paid, not Eligible
Accounts, or subject to an Adjustment) is not less than 125% of the aggregate
Advances made thereon); (B) the date on which there is a breach of any warranty
or representation set forth in Section 5.3; (C) the occurrence of the Sale
Event; or (D) the Maturity Date (including any early termination);
and

    

     

    (iii)           In
addition to the foregoing, prior to the occurrence of the Sale Event, Borrower
hereby authorizes Bank to, at Bank’s election in its sole discretion, refinance
each outstanding Advance which is made based upon Aggregate Eligible Accounts at
any time, including, without limitation, when a portion of the Advance is repaid
or when Bank makes an additional Advance pertaining to Aggregate Eligible
Accounts in respect of the same Account Debtor.  Each such refinancing
shall consist of the creation of a new “placeholder note” on the books of Bank
which evidences the Financed Receivable Balance with respect to such
Advance.”

     

    
      	
               
      

            	
              10

            	
              The
      Loan Agreement shall be amended by deleting the following, appearing as
      Section 6.7:

            

    

     

    “        
    6.7          Financial
Covenants.  Borrower shall maintain at all times, to be tested
as of the last day of each month, unless otherwise noted:

     

    (a)           EBDA.  EBDA
for the three-month period ending on the last day of each month of at
least:

    

    
      
        
          
            
              
                	
                        Period

                      	 	
                        Minimum EBDA

                      	 
	
                        December
      1, 2009 through February 28, 2010

                      	 	$	(1,325,000.00	)
	
                        January
      1, 2010 through March 31, 2010

                      	 	$	(1,500,000.00	)
	
                        February
      1, 2010 through April 30, 2010

                      	 	$	(2,250,000.00	)
	
                        March
      1, 2010 through May 31, 2010

                      	 	$	(2,250,000.00	)
	
                        April
      1, 2010 through June 30, 2010

                      	 	$	(1,500,000.00	)
	
                        May
      1, 2010 through July 31, 2010

                      	 	$	(1,000,000.00	)
	
                        June
      1, 2010 through August 31, 2010

                      	 	$	(500,000.00	)
	
                        July
      1, 2010 through September 30, 2010, and each three-month period ending on
      the last day of each month thereafter

                      	 	$	(100,000.00	)”

              

            

          

        

      

    

     

    and
inserting in lieu thereof the following:

     

    “   
         6.7          Financial
Covenants.  Borrower shall maintain at all times, to be tested
as of the last day of each month:

     

    (a)           EBDA.  EBDA
for the three-month period ending on the last day of each month of at
least:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              	
                      Period

                    	 	
                      Minimum EBDA

                    
	
                      April
      1, 2010 through June 30, 2010

                    	 	
                      ($1,500,000.00)

                    
	
                      May
      1, 2010 through July 31, 2010

                    	 	
                      If
      the Sale Event has occurred: ($1,500,000.00)

                      If
      the Sale Event has not occurred: ($1,000,000.00)

                    
	
                      June
      1, 2010 through August 31, 2010

                    	 	
                      If
      the Sale Event has occurred: ($600,000.00)

                      If
      the Sale Event has not occurred: ($500,000.00)

                    
	
                      July
      1, 2010 through September 30, 2010

                    	 	
                      If
      the Sale Event has occurred: ($400,000.00)

                      If
      the Sale Event has not occurred: ($100,000.00)

                    
	
                      August
      1, 2010 through October 31, 2010, and for each three-month period ending
      on the last day of each month thereafter

                    	 	
                      If
      the Sale Event has occurred: $1.00

                      If
      the Sale Event has not occurred:
($100,000.00)”

                    

            

          

        

      

    

     

    
      	
               
      

            	
              11

            	
              The
      Loan Agreement shall be amended by inserting the following new
      definitions, appearing alphabetically in Section 13.1
    thereof:

            

    

     

    “           “Sale Event” means the sale of
any assets owned by Global and/or Guarantor with respect to their fraud and
special investigations unit pursuant to that certain Asset Purchase Agreement
dated as of June 11, 2010 by and among Borrower, Guarantor and GlobalOptions
Services, Inc.”

     

    “           “Invoice Transmittal” shows
Eligible Accounts which Bank may finance and, for each such Account, includes
the Account Debtor’s, name, address, invoice amount, invoice date and invoice
number.”

     

    
      	
               
      

            	
              12

            	
              The
      Loan Agreement shall be amended by deleting the following definitions,
      appearing in Section 13.1 thereof:

            

    

     

    “           “Collections” are (a) all funds
received by Bank from or on behalf of an Account Debtor for Financed
Receivables, and (b) any refinancing by Bank, to be completed at Bank’s
discretion pursuant to Section 2.3.1(b)(iii), of any Advance (or portion
thereof) which is based upon Aggregate Eligible Accounts.”

     

    “           “EBDA” means (a) Net Income,
plus (b) to the extent deducted in the calculation of Net Income, depreciation
expense, amortization expense, non-cash impairment charges and non-cash stock
compensation expenses.”

     

    “           “Facility Amount” is Twelve
Million Five Hundred Thousand Dollars ($12,500,000.00).”

     

    “           “Financed Receivables” are all
those Eligible Accounts and Aggregate Eligible Accounts, including their
proceeds which Bank finances and makes an Advance, as set forth in Section
2.1.1.  A Financed Receivable stops being a Financed Receivable (but
remains Collateral) when the Advance made for the Financed Receivable has been
fully paid.”

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    and inserting in lieu thereof the
following:

     

    “           “Collections” are (a) all funds
received by Bank from or on behalf of an Account Debtor for Financed
Receivables, and (b) prior to the occurrence of the Sale Event, any refinancing
by Bank, to be completed at Bank’s discretion pursuant to Section 2.3.1(b)(iii),
of any Advance (or portion thereof) which is based upon Aggregate Eligible
Accounts.”

     

    “           “EBDA” means (a) Net Income,
plus (b) to the extent deducted in the calculation of Net Income, depreciation
expense, amortization expense, non-cash impairment charges and non-cash stock
compensation expenses, plus (c) gains and/or losses related to the sale of
certain divisions and/or Subsidiaries of Borrower consented to by Bank in
writing on a case-by-case basis in Bank’s sole discretion.”

     

    “           “Facility Amount” is (a) prior
to the occurrence of the Sale Event, Twelve Million Five Hundred Thousand
Dollars ($12,500,000.00), and (b) upon and after the occurrence of the Sale
Event, Nine Million Three Hundred Seventy Five Thousand Dollars
($9,375,000.00).”

     

    “           “Financed Receivables” are all
those Eligible Accounts and, prior to the occurrence of the Sale Event,
Aggregate Eligible Accounts, including their proceeds which Bank finances and
makes an Advance, as set forth in Section 2.1.1.  A Financed
Receivable stops being a Financed Receivable (but remains Collateral) when the
Advance made for the Financed Receivable has been fully paid.”

     

    
      	
               
      

            	
              13

            	
              Upon
      the occurrence of the Sale Event, the Loan Agreement shall be amended by
      deleting the “Advance Request and Invoice Transmittal” form attached as
      Exhibit
      C thereto, and all references in the Loan Agreement to “Advance
      Request and Invoice Transmittal” shall mean “Invoice
      Transmittal”.

            

    

     

    
      	
               
      

            	
              B.

            	
              Waiver.  Bank
      hereby waives Borrower’s existing defaults (if any) under the Loan
      Agreement by virtue of Borrower’s failure to comply with the financial
      covenant set forth in Section 6.7(a) thereof (relative to the requirement
      that Borrower maintain certain EBDA) as of the months ended April 30,
      2010, May 31, 2010 and June 30, 2010.  Bank’s waiver of
      Borrower’s compliance with such covenant shall apply only to the foregoing
      specific periods.

            

    

     

    4.           FEES.  Borrower
shall reimburse Bank for all legal fees and expenses incurred in connection with
this amendment to the Existing Loan Documents.

     

    5.           RATIFICATION OF IP SECURITY
AGREEMENTS.

     

    (a)           Global
hereby ratifies, confirms and reaffirms, all and singular, the terms and
conditions of the Global IP Security Agreement and acknowledges, confirms and
agrees that the Global IP Security Agreement contains an accurate and complete
listing of all Intellectual Property Collateral as defined therein.

     

    (b)           Bode
hereby ratifies, confirms and reaffirms, all and singular, the terms and
conditions of the Bode IP Security Agreement and acknowledges, confirms and
agrees that the Bode IP Security Agreement contains an accurate and complete
listing of all Intellectual Property Collateral as defined therein.

     

    6.           RATIFICATIONS OF PERFECTION
CERTIFICATES.

     

    (a)           Global
hereby ratifies, confirms and reaffirms, all and singular, the terms and
disclosures contained in a certain Perfection Certificate dated as of March 31,
2008 between Global and Bank, and acknowledges, confirms and agrees the
disclosures and information Global provided to Bank in the Perfection
Certificate have not changed, as of the date hereof.

     

    (b)           Bode
hereby ratifies, confirms and reaffirms, all and singular, the terms and
disclosures contained in a certain Perfection Certificate dated as of March 31,
2008 between Bode and Bank, and acknowledges, confirms and agrees the
disclosures and information Bode provided to Bank in the Perfection Certificate
have not changed, as of the date hereof.

     

    7.           CONSISTENT
CHANGES.  The Existing Loan Documents are hereby amended
wherever necessary to reflect the changes described above.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    8.           RATIFICATION OF LOAN
DOCUMENTS.  Borrower hereby ratifies, confirms, and reaffirms
all terms and conditions of all security or other collateral granted to the
Bank, and confirms that the indebtedness secured thereby includes, without
limitation, the Obligations.

     

    9.           NO DEFENSES OF
BORROWER.  Borrower hereby acknowledges and agrees that
Borrower has no offsets, defenses, claims, or counterclaims against Bank with
respect to the Obligations, or otherwise, and that if Borrower now has, or ever
did have, any offsets, defenses, claims, or counterclaims against Bank, whether
known or unknown, at law or in equity, all of them are hereby expressly WAIVED
and Borrower hereby RELEASES Bank from any liability thereunder.

     

    10.           CONTINUING
VALIDITY.  Borrower understands and agrees that in modifying
the existing Obligations, Bank is relying upon Borrower’s representations,
warranties, and agreements, as set forth in the Existing Loan
Documents.  Except as expressly modified pursuant to this Loan
Modification Agreement, the terms of the Existing Loan Documents remain
unchanged and in full force and effect.  Bank’s agreement to
modifications to the existing Obligations pursuant to this Loan Modification
Agreement in no way shall obligate Bank to make any future modifications to the
Obligations.  Nothing in this Loan Modification Agreement shall
constitute a satisfaction of the Obligations.  It is the intention of
Bank and Borrower to retain as liable parties all makers of Existing Loan
Documents, unless the party is expressly released by Bank in
writing.  No maker will be released by virtue of this Loan
Modification Agreement.

     

    11.           COUNTERSIGNATURE.  This
Loan Modification Agreement shall become effective only when it shall have been
executed by Borrower and Bank.

     

    [The
remainder of this page is intentionally left blank]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    This Loan Modification Agreement is
executed as a sealed instrument under the laws of the Commonwealth of
Massachusetts as of the date first written above.

    

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                BORROWER:

                              	 
      	
                                BANK:

                              
	 
      	 
      	 
      
	
                                GLOBALOPTIONS,
      INC.

                              	 
      	
                                SILICON
      VALLEY BANK

                              
	 
      	 
      	 
      
	
                                By:

                              	
                                /s/ Jeffrey O. Nyweide

                              	 
      	
                                By:

                              	
                                /s/ Christine Egitto

                              
	 	 	 	 	 
	
                                Name: 

                              	
                                Jeffrey O. Nyweide

                              	 
      	
                                Name: 

                              	
                                Christine Egitto

                              
	 	 	 	 	 
	
                                Title:

                              	
                                CFO

                              	 
      	
                                Title:

                              	
                                VP

                              
	 
      	 
      	 
      	 
      	 
      
	
                                THE
      BODE TECHNOLOGY GROUP, INC.

                              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                                By:

                              	
                                /s/ Jeffrey O. Nyweide

                              	 
      	 
      	 
      
	 	 	 	 	 
	
                                Name:

                              	
                                Jeffrey O. Nyweide

                              	 
      	 
      	 
      
	 	 	 	 	 
	
                                Title:

                              	
                                CFO

                              	 
      	 
      	 
      

                      

                    

                  

                

              

            

          

        

      

    

    

    The
undersigned, GLOBALOPTIONS
GROUP, INC. (“Guarantor”) hereby ratifies, confirms and reaffirms, all
and singular, the terms and conditions of (a) a certain Unconditional Guaranty
(the “Guaranty”) dated as of March 31, 2008, executed and delivered by
Guarantor, pursuant to which Guarantor unconditionally guaranteed the prompt,
punctual and faithful payment and performance of all Obligations of Borrower to
Bank, (b) a certain Security Agreement (the “Security Agreement”) dated as of
March 31, 2008, between Guarantor and Bank, pursuant to which Guarantor granted
Bank a continuing first priority security interest in the Collateral (as the
term is defined therein) to secure the payment and performance of the
Obligations under the Guaranty in accordance with the terms of the Security
Agreement, and (c) a certain Intellectual Property Security Agreement (the “IP
Agreement”) dated as of March 31, 2008, between Guarantor and Bank, pursuant to
which Guarantor granted Bank a continuing first priority security interest in
the Intellectual Property Collateral (as the term is defined therein) to secure
the payment and performance of the Obligations under the Guaranty in accordance
with the terms of the IP Agreement.  In addition, Guarantor
acknowledges, confirms and agrees that the Guaranty, Security Agreement, and IP
Agreement shall remain in full force and effect and shall in no way be limited
by the execution of this Loan Modification Agreement, or any other documents,
instruments and/or agreements executed and/or delivered in connection
herewith.

    

    
      
        
          
            
              
                	
                        GLOBALOPTIONS
      GROUP, INC.

                      
	 
      
	
                        By:

                      	
                        /s/ Harvey Schiller

                      
	 	 
	
                        Name: 

                      	
                        Harvey Schiller

                      
	 	 
	
                        Title:

                      	
                        Chairman and
CEO

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