Summary of DHB INDUSTRIES INC

Change in Directors or Principal Officers, Financial Statements and Exhibits

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

(e) On July 13, 2007, the Compensation Committee (the "Committee") of the Company's Board of Directors (the "Board") recommended to the Board for approval, and the Board approved and adopted, the 2007 Omnibus Equity Incentive Plan (the "2007 Plan").

The purpose of the 2007 Plan is to assist the Company and its Related Entities (as defined in the 2007 Plan) in attracting, motivating, retaining and rewarding high-quality executives and other employees, officers, and consultants by enabling such persons to acquire or increase a proprietary interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's stockholders, and providing such persons with long-term performance incentives to expend their maximum efforts in the creation of stockholder value.

The 2007 Plan allows the Committee to grant awards including options, restricted stock awards, stock appreciation rights, bonus stock, performance awards and other stock based awards (each as more fully described in the 2007 Plan) with respect to up to an aggregate of 1,250,000 shares of the Company's common stock, par value $0.001 per share ("Company Stock"), subject to adjustment as provided in Section 9(c) of the 2007 Plan. Such awards may be granted to any officer, employee, consultant or other person who provides services to the Company or its Related Entities, provided that no participant may receive awards during the life of the 2007 Plan representing more than 600,000 shares.

The 2007 Plan is not subject to shareholder approval, provided that once the Company's shares are re-listed on the American Stock Exchange or other national exchange and public trading commences, no further awards shall be made under the 2007 Plan unless shareholder approval is obtained.

The foregoing description of the 2007 Plan is not complete and is qualified in its entirety by reference to the text of the 2007 Plan, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

The text of the Form of Warrant Award Certificate subject to the 2007 Plan is attached hereto as Exhibit 10.2 and is incorporated herein by reference.