FIRST AMENDMENT TO
                              EMPLOYMENT AGREEMENT


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

      WHEREAS, the Company and the Employee are parties to an Employment
Agreement entered into as of November 21, 2001 (the "Employment Agreement"); and

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

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

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

      2. The date "November 20, 2004" in Section 2.1 is deemed amended and
replaced with "December 31, 2007."

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

      3.1 (a) Employee shall receive salary for his services at the rate of
      $250,000 per annum ("Base Salary"), subject to increases by the
      Compensation Committee of the Board of Directors of the Company, from time
      to time, payable in accordance with the Company's normal payroll
      procedures for executive employees.

      (b) At the discretion of the Compensation Committee of the Board of
      Directors of the Company, the Employee shall be eligible to receive an
      annual bonus based on performance. In addition to any other bonus(es),
      whether based on performance or otherwise, that the Compensation Committee
      may award to Employee, the Company's bonus program shall (a) provide that
      Employee shall earn 50% of Base Salary in each year of the Term if the
      Company achieves the Company's (adjusted) EDITDA target for each year of
      such Term, and (b) provide that Employee shall earn 100% of Base Salary in
      each year of the Term if the Company achieves 120% of the Company's EBITDA
      target for each year of such Term. The Company shall in good faith
      determine the EBITDA target for each year of the Term on or prior to
      January 31 of such year.

      4. Section 3.6 is deemed amended in its entirety as set forth below:

      (a) In the event the Employee's employment by the Company is terminated
      for "cause" pursuant to Section 2.1(c) hereof, or by virtue of Section
      2.1(d) hereof because the Employee voluntarily leaves the employ of the
      Company (other than for "Good Reason" or on account of a "Change in
      Control" as set forth in Section 3.6(b) below), the Employee shall be
      entitled to the compensation provided for by Section 3.1 only up until the
      date of termination of his employment.

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      (b) In the event the Employee leaves the employment of the Company (A) for
      Good Reason (as defined below), (B) on account of a Change in Control (as
      defined in Section 4 hereof),or (C) is terminated by the Company without
      Cause, then the Employee shall be entitled to receive the compensation and
      benefits (but only to the extent legally allowable) provided for in
      Sections 3.1(a), 3.3 and 3.5 hereof, for the greater of (a) the balance of
      the Term or (b) a period of two (2) years from the date of termination.
      Employee shall also receive a lump sum payment in an amount equal to the
      sum of: (i) the amount of the Employee's bonus that should have been paid
      with respect to that part of the fiscal year in which the date of
      termination occurs, absent the termination of the Employee's employment,
      (ii) the Employee's actual earned bonus for any completed fiscal year or
      period not theretofore paid and (iii) the unpaid portion of any amount
      earned by the Employee prior to the date of such termination pursuant to
      any benefit program in which the Employee participated during the Term,
      including without limitation, any accrued vacation pay to the extent no
      theretofore paid. For purposes of calculating the amount of any partial
      year bonus to be awarded pursuant to 3.6(b)(i) above, the Company's actual
      EBITDA through the last completed month prior to the date of termination
      shall be measured against the Company's EBITDA target prorated for the
      portion of such fiscal year through the date of termination taking into
      account the number of completed months during such fiscal year through the
      date of termination, and for purposes of clarity, Base Salary shall be the
      amount of Base Salary earned prior to the date of termination. Employee
      shall have no obligation to mitigate payments and benefits received, and
      shall be entitled to the compensation provided for herein even if Employee
      is employed elsewhere.

      For purposes hereof, "Good Reason" shall mean the following: (i) the
      dimunition of Employee's position, duties, responsibilities and status
      with the Company as contemplated hereunder or any removal of the Employee
      from any positions or offices the Employee held as contemplated hereunder,
      except in connection with the termination of the Employee's employment by
      the Company for cause or incapacity, (ii) the failure of the Company to
      assign to the Employee duties consistent with his position, duties,
      responsibilities and status with the Company as contemplated hereunder; or
      (iii) a relocation of the Company's principal offices and place of
      Employee's employment outside of Manhattan or further than 25 miles from
      the Employee's current principal residence.

      (c) In the event that the Company terminates the Employee's employment for
      "cause," and a court of law or other tribunal ultimately determines that
      such termination was without cause, the Employee shall be entitled to
      receive double the amount of compensation provided for in Section 3.1
      hereof from the date of termination until the end of the Term.

      (d) In the event the Employee's employment by the Company is terminated as
      a result of a Nonrenewal Event (as defined below), the Employee shall be
      entitled to receive the compensation and benefits (but only to the extent
      legally allowable) provided for in Sections 3.1 and 3.5 hereof, for a
      period of one year from the date of termination. For purposes of this
      Agreement, a "Nonrenewal Event" shall occur in the event that the Employee
      ceases to continue employment with the Company after the expiration of the
      Term because the Company does not offer to continue the Employee's
      employment hereunder on terms that are substantially the same as the terms
      contained in this Agreement.

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      5. Section 3 is amended by adding a new subparagraph (3.8) at the end
thereof as follows:

         3.8 Executive shall be granted a total of 450,000 shares of restricted
         stock (the "Restricted Stock") under the Company's 2003 Stock Incentive
         Plan (the "Plan") or such other similar stock plan that the Company may
         have in place at the time as follows: (a) 100,000 shares of Restricted
         Stock at the commencement of year 1 of the Term; (b) 150,000 shares of
         Restricted Stock at the commencement of year 2 of the Term; and (c)
         200,000 shares of Restricted Stock at the commencement of year 3 of the
         Term. In the event that the Company does not have a stock incentive
         plan in place with enough shares to be granted to Employee, the Company
         shall use its commercially reasonable efforts to obtain stockholder
         approval for a new equity compensation plan or an amendment to an
         existing plan and then grant such Restricted Stock under such plan.

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

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

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

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


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


COMPANY:                                                 EMPLOYEE

FIND/SVP, INC.


By: /s/ Mark Litvinoff                                   /s/ David Walke
   -----------------------------------------             -----------------------
   Name: Mark Litvinoff                                  David Walke
   Title: Chief Operating Officer


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