Document:

ex104to8k06282_07102013.htm

Exhibit 10.4

 

GLOBALOPTIONS GROUP, INC.

415 Madison Avenue, 17th Floor

New York, New York 10017

 

July 11, 2013

 

Jeff Nyweide, CFO and E.V.P. Corp. Dev.

GlobalOptions Group, Inc.

415 Madison Avenue

17th Floor

New York, New York 10017

 

	
  

	
Re:

	
Your Employment Agreement dated July 30, 2007, as amended on each of August 13, 2009, May 13, 2010, December 10, 2010, March 26, 2012, March 31, 2013 and July 11, 2013 (collectively the “Agreement”; capitalized terms used herein without definitions have the meanings specified in the Agreement)

 

Dear Jeff:

 

This letter (the “Amendment”) is to modify and clarify the Agreement, effective as of the date written above.  Accordingly, the following modifications are made to this Agreement:

 

1.           Section 1 shall be amended and restated as follows as of the date hereof:

 

EMPLOYMENT TERM.  As of and immediately following the closing (the “Closing”) of a merger (the “Merger”) of a wholly-owned subsidiary of the Company with and into Walker Digital Holding, LLC, a Delaware limited liability company, the Company agrees to continue to employ you and you hereby agree to be employed as an employee of the Company with the title to be determined by the Executive Chairman of the Board of Directors (the “Board”) of the Company (to be appointed upon the Closing).  Immediately prior to Closing you shall resign all officer positions currently held with the Company.  Following the Closing, you shall report to the Executive Chairman of the Board (to be appointed upon the Closing) and shall have such responsibilities and perform such duties appropriate to such position as the Executive Chairman shall determine.  The parties agree to work in good faith to prepare and enter into a detailed transition agreement setting forth such responsibilities, including providing a seamless transition of the Company following the Merger, with respect to, among other things, financial and SEC matters, due diligence for potential future acquisitions and opportunities review, Sarbanes Oxley compliance, marketing and public relations support, investor relations and support, assistance with the Company’s year-end audit and knowledge of historical financial statements, assistance with public company capital raising and additional strategic support, including, access to contacts, relations, goodwill, advisory boards and business development.  The term of your continued employment with the Company shall be for an initial period of twelve (12) months (the “Term of Employment” or “Term”), commencing upon the Closing.  Following the initial Term, the parties may mutually agree to extend the Term for such additional term as the parties agree.  The Company agrees that immediately following the Closing to continue to provide you with compensation and benefits that, except as set forth herein, are substantially comparable in aggregate to what is currently received by you as provided elsewhere in this Agreement, provided, however, the parties agree to work in good faith to change the form of compensation from cash to stock-based compensation or some combination thereof only upon a determination that such change is necessary provided, further, however, all current benefits provided to you as for which you are eligible other than (i) health insurance, life insurance, short- and long-term disability insurance, dental and vision insurance, (ii) the ability to invest in a 401k Plan, (iii) reimbursements for telephone and travel and entertainment expenses, and (iv) an office stipend of $5,000 per month in the aggregate with Dr. Harvey Schiller, shall have been terminated and the benefits identified in clauses (i) through (iv) will be provided to you by an affiliate on behalf of the Company.

 

  

  

  

 

Notwithstanding anything contained in this Agreement to the contrary, the Employee hereby acknowledges and agrees that the sole compensation payable by the Company to the Employee in connection with, or as the result of, a Sale is the Shares, provided, however, Employee shall be entitled to the compensation and benefits contained in the immediately preceding paragraph.

 

2.           Except as hereby amended, the Agreement and all of its terms and conditions shall remain in full force and effect and are hereby confirmed and ratified. All references to the Agreement shall be deemed references to the Agreement as amended and clarified hereby.  This letter amendment shall be governed and construed under the laws of the State of New York.

 

  

  

  

 

Please sign below to acknowledge your agreement to and acceptance of this Amendment to the Agreement.

 

	  	
Sincerely,

	  	  
	  	  
	  	  
	  	

/s/ Harvey Schiller

	  	
Harvey Schiller

Chairman and Chief Executive Officer

 

 

	
Agreed to:

	  	  
	  	  	  
	  	  	  
	

/s/ Jeffrey O. Nyweide

	  	  
	
Jeffrey O. Nyweide

	  	  
	
Date:

	
July 11, 2013ex105to8k06282_07102013.htm

Exhibit 10.5

 

LOCK-UP AGREEMENT

THIS LOCK-UP AGREEMENT (this “Agreement”) is made as of July 11, 2013, by and between GlobalOptions Group, Inc., a Delaware corporation (the “Company”), and Broadband Capital Management, L.L.C. (the “Holder”).  This Agreement shall become effective as of the Effective Time (as defined in the below referenced Merger Agreement).

RECITALS

WHEREAS, the Company has entered into that certain Agreement and Plan of Merger, dated as of July 11, 2013 (the “Merger Agreement”), by and among the Company, GO Merger Sub LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“Merger Sub”), Walker Digital, LLC, a Delaware limited liability company (“Walker Digital”), and Walker Digital Holdings, LLC, a Delaware limited liability company (“WD Holdings”), pursuant to which Merger Sub shall merge with and into WD Holdings, with WD Holdings surviving the merger as a wholly-owned subsidiary of the Company (the “Merger”).  Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Merger Agreement;

WHEREAS, the Company and the Holder are parties to a certain Restricted Stock Agreement, dated as of July 11, 2013 (the “Restricted Stock Agreement”), pursuant to which the Company issued to the Holder shares of common stock of the Company, in accordance with the terms and conditions of the Restricted Stock Agreement; and

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

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

1.            Transfer Restrictions.

(a)           The Holder agrees that, for the period commencing as of the Effective Time and ending on the six (6) month anniversary thereof, the Holder shall not, directly or indirectly, (i) offer, sell, assign, transfer, contract to sell, pledge, hypothecate, grant an option for sale, or otherwise dispose of, or announce the intention to otherwise dispose of, any shares of the Company’s common stock (the “Common Stock”) or any securities convertible into or exercisable or exchangeable for Common Stock (including, without limitation, shares of Common Stock or any such securities which may be deemed to be beneficially owned by the Holder in accordance with the rules and regulations promulgated under the Securities Act of 1933, as may be amended or supplemented from time to time (such shares or securities, the “Beneficially Owned Shares”)), or (ii) enter into any swap, hedge or other agreement or any transaction that has the effect of transferring, in whole or in part, directly or indirectly, the economic consequence of ownership of any Beneficially Owned Shares, Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, whether any such agreement or transaction is to be settled by delivery of the Beneficially Owned Shares, Common Stock or any such other securities, in cash or otherwise.  The Holder agrees that he shall not enter into any transaction intended to circumvent the restrictions set forth in this Section 1(a).

 

  

  

  

 

    (b)           Notwithstanding the foregoing, the Holder may transfer its Beneficially Owned Shares (i) as bona fide gifts; (ii) to a trust for the direct or indirect benefit of the Holder or the immediate family of the Holder; (iii) by operation of law, by will or by intestate succession; or (iv) as distributions to members, partners, employees or stockholders of the Holder; provided that in the case of any transfers or distributions pursuant to clauses (i) through (iv) of this paragraph, each donee, pledgee, distributee or transferee shall sign and deliver a lock-up agreement substantially in the form of this Agreement.

2.             Stop Orders.  The Holder agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent for the Common Stock against transfers of shares of the Common Stock, Beneficially Owned Shares or any securities convertible into or exercisable or exchangeable for Common Stock, in contravention of the restrictions set forth herein.  The Company and its transfer agent are hereby authorized to decline to make any transfer of the Common Stock, Beneficially Owned Shares or any securities convertible into or exercisable or exchangeable for Common Stock, if such transfer would constitute a violation or breach of this Agreement.

3.             Miscellaneous.

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

 

	
  

	
(A)

	
If to the Company:

 

GlobalOptions Group, Inc.

415 Madison Avenue, 17th Floor

New York, NY 10017

Attn: Chief Financial Officer

Facsimile: (212) 445-0053

Email: jnyweide@globaloptionsgroup.com

 

  

2

  

with a copy to (which shall not constitute notice):

 

Olshan Frome Wolosky LLP

Park Avenue Tower

65 East 55th Street

New York, NY 10022

Attn: Robert H. Friedman

Facsimile: (212) 451-2222

Email: rfriedman@olshanlaw.com

 

	
  

	
(B)

	
If to the Company after the Effective Time:

 

GlobalOptions Group, Inc.

Two High Ridge Park

Stamford, CT 06905

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

Email: GGreene@WalkerDigital.com

with a copy (which shall not constitute notice) to:

Robinson & Cole LLP

666 Third Avenue, 20th Floor

New York, NY 10017

Attn: Eric J. Dale

Facsimile: (212) 451-2999

Email: edale@rc.com

	
  

	
(C)

	
If to the Holder:

 

Broadband Capital Management, L.L.C.

712 Fifth Avenue

New York, NY 10019

Attn: Philip Wagenheim

Facsimile: (212) 702-9830

with a copy (which shall not constitute notice) to:

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC

666 Third Avenue

New York, NY 10017

Attn:  Kenneth Koch

Facsimile: (212) 983-3115

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

 

  

3

  

 

(b)           This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. Each of the parties (a)  submits to the exclusive jurisdiction of any state or federal court sitting in New York, New York in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby, (b) agrees that all claims in respect of such action or proceeding may be heard and determined in any such court, (c) waives any claim of inconvenient forum or other challenge to venue in such court, (d) agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court and (e) waives any right it may have to a trial by jury with respect to any action or proceeding arising out of or relating to this Agreement.  Each party hereto agrees to accept service of any summons, complaint or other initial pleading made in the manner provided for the giving of notices in Section 3(a); provided, that nothing in this Section 3(b) shall affect the right of any party hereto to serve such summons, complaint or other initial pleading in any other manner permitted by applicable law.

(c)           This Agreement is irrevocable and all provisions hereof will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns and, in the case of natural persons, their heirs and personal representatives; provided, however, that the Holder may not assign this Agreement nor any right, interest, or obligation hereunder without the prior written consent of the Company.

(d)           This Agreement may be amended, superseded, cancelled, renewed or extended, and the terms hereof may be waived, only by a written instrument signed by the Company and the Holder.

(e)           This Agreement contains the entire understanding and agreement of the parties relating to the subject matter hereof and supersedes all prior and/or contemporaneous understandings and agreements of any kind and nature (whether written or oral) among the parties with respect to such subject matter.

(f)           The Holder has carefully read this Agreement and discussed the terms and conditions hereof, to the extent the Holder believed necessary, with its counsel.  Accordingly, the rule of construction to the effect that ambiguities are resolved against the drafting party shall not be employed in the interpretation of this Agreement.  Any controversy over construction of this Agreement shall be decided without regard to events of authorship or negotiation.

(g)           The restrictions on transfer described in this Agreement are in addition to and cumulative with any other restrictions agreed to by the Holder or to which the Holder is subject to by applicable law.

(h)           The Holder shall, at any time and from time to time, execute such additional documents and take such action as may be reasonably requested by the Company to carry out the intent and purposes of this Agreement.

(i)           This Agreement may be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  This Agreement may be executed by facsimile or digital (e.g., pdf) signature.

[THE NEXT PAGE IS THE SIGNATURE PAGE]

 

  

4

  

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

	
COMPANY:

	  
	
GLOBALOPTIONS GROUP, INC.

	  
	  
	
By:

	/s/ Harvey W. Schiller
	
Name: Harvey W. Schiller

	
Title: Chariman and CEO

	  
	  
	  
	
HOLDER:

	  
	
BROADBAND CAPITAL MANAGEMENT, L.L.C.

	  
	  
	
By:

	/s/ Philip Wagenheim
	
Name: Philip Wagenheim

	
Title: Vice Chairman

 

 

 

 

 

 

[Signature Page to BCM Lock-Up Agreement]

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