CB Richard Ellis Group, Inc.

Stock Option Exchange Program

Webinar

June 16, 2009 and June 18, 2009

Exhibit (a)(1)(x)

CB Richard Ellis  |  Page 2

Agenda

Introduction

Exchange Program Details

Timeline

Election to Exchange

If You Do Not Participate

U.S. Tax Considerations

Resources

Questions

CB Richard Ellis  |  Page 3

Introduction

Welcome to the CBRE webinar for our stock option

exchange program

Leader: Melissa Freidenreich, Senior Corporate

Counsel

This presentation is intended to provide an overview

of the CBRE stock option exchange program.  For

additional details, please review the documents

included in the option exchange email you received.

CB Richard Ellis  |  Page 4

Introduction

The option exchange program permits you to

surrender eligible underwater stock options in

exchange for a lesser number of shares of restricted

stock (or in France and Canada, new options with a

lower exercise price).

CB Richard Ellis  |  Page 5

Introduction

As of June 2009, all of the outstanding stock options granted

since January 1, 2005 under our Amended and Restated 2004

Stock Incentive Plan are underwater.

Because they are underwater, they do not provide the intended

value to employees.

Our board of directors and stockholders have approved the

exchange offer program.

CBRE will not give financial, legal or tax advice and nothing in

this

presentation

should

be

interpreted

as

financial,

legal,

tax

or

other advice. You are encouraged to read all materials provided

and seek professional legal, financial and/or tax advice when

making your decisions.

The management and directors of CBRE make no

recommendations on whether or not to participate.

CB Richard Ellis  |  Page 6

Exchange Program Details

Participation is voluntary

Participants must be employed by CBRE as of the

date the new restricted stock or new options are

issued (expected to be July 6)

Timeline

•

Option exchange program began on June 5, 2009

•

Program must remain open for 20 business days

•

Program ends July 2 (Election Deadline) unless

otherwise extended

Includes outstanding (not-exercised) stock options

both vested and unvested, except for options granted

in 2004 and 2008

CB Richard Ellis  |  Page 7

Exchange Program Details

Stock options eligible for exchange:

$27.19

September

5, 2007

$34.54

March

19, 2007

$23.46

September

6, 2006

$15.43

September

21, 2005

$11.10

February

1, 2005

$11.15

January

27, 2005

Exercise Price of Options

Date Options Granted

CB Richard Ellis  |  Page 8

Exchange Program Details

The exchange ratios for the eligible options you tender

are as follows:

Options for Restricted Stock Exchange Ratios

3.31-to-1

2.48-to-1

$27.19

N/A

3.08-to-1

$34.54

3.77-to-1

2.83-to-1

$23.46

3.73-to-1

2.80-to-1

$15.43

N/A

7.83-to-1

$11.10

N/A

8.05-to-1

$11.15

Officer Exchange Ratio for

New Restricted Stock

Employee Exchange Ratio

for New Restricted Stock

Exercise Price of Options

CB Richard Ellis  |  Page 9

Exchange Program Details

Options for New Options Exchange Ratios

(France and Canada only)

1.70-to-1

$27.19

1.80-to-1

$23.46

1.70-to-1

$15.43

Employee Exchange Ratio for

New Options

Exercise Price

of Options

CB Richard Ellis  |  Page 10

Exchange Program Details

Each group of stock options that has the same

exercise price has an exchange ratio assigned

to it

The exchange ratio takes into account the fair

value of the eligible stock options relative to

the 10 day price average of CBRE stock as of

May

29

th

,

historical

stock

prices,

volatility

and

other factors

CB Richard Ellis  |  Page 11

Exchange Program Details

Example

Susan is an eligible employee in the U.S. who has an option

grant covering 1,000 shares with an exercise price of $23.46. 

She decides to exchange her options

She can exchange all or none of each tranche

Exchange ratio is 2.83 for options with an exercise price of

$23.46, and 3.77 for executive officers (results are rounded

down)

Employees: 

1,000/2.83 = 353

Executive Officers:  

1,000/3.77 = 265

On the new award grant date, Susan would receive 353 shares

of

restricted

stock

(executive

officers

would

receive

265

shares

of

restricted stock)

CB Richard Ellis  |  Page 12

Exchange Program Details

Vesting Considerations:

Restricted stock and new options are subject to a new

four-year vesting schedule (25% per year); even if the

stock options you exchange are fully vested

Restricted stock which is not vested prior to

termination of your employment is subject to forfeiture

New options which do not vest prior to termination of

your employment will expire

CB Richard Ellis  |  Page 13

Timeline

Exchanged options cancelled; restricted stock

and new options priced and issued

July 6

9:00

p.m.

Pacific

Time

–

Option

Exchange

Program ends; deadline for submitting

elections/withdrawals

July 2

Offer period

June 5 –

July 2

Offer to Exchange made available to eligible

employees

June 5

Activity

Date

CB Richard Ellis  |  Page 14

           Your current outstanding  eligible option  grants that  may be surrendered for exchange in the offer are set forth in the table below. 

Please check the appropriate box (either all of the eligible options  (if the first box is checked) or the  eligible options marked 

“Exchange” or “Do Not Exchange” in the table set forth below (if the second box is checked)). 

          

I understand that my eligible options that are specifically checked off for exchange below will be cancelled irrevocably on 

The  cancellation date, currently expected to be July 6, 2009.

I understand that this election form will replace any election form I previously submitted.

         I acknowledge that CBRE  has encouraged me to consult  with  my own tax, financial and legal advisors  as to the consequences of 

participating or not participating  in this offer. I understand that my election to participate in this offer is entirely voluntary, and I am 

aware that I may withdraw my decision to surrender my eligible options at any  time until the offer expires. I understand that my 

election will be irrevocable at 9:00 p.m., Pacific Time, on Thursday, July 2, 2009, unless the offer is extended. 

          I hereby sell, assign and  transfer to CBRE all right, title and interest in and to all  of the eligible options  that I am surrendering for 

exchange as specified  in this election form. I represent and warrant that I have full power and authority  to elect to surrender either all 

of the eligible options  (if the first box is checked) or the eligible options  marked “Exchange” in the table set forth below (if the second 

box is checked) and that, when and to the extent such eligible options are accepted by CBRE, such eligible options will be free and 

clear of all security interests, liens,  restrictions,  charges, encumbrances, conditional  sales agreements or other obligations  relating  to 

the sale or transfer thereof, and such eligible options  will  not  be subject to any adverse claims. 

          I agree to all of the terms and conditions of  this offer. 

Election to Exchange

How to Participate

Complete and sign the

election form

ELECTION FORM

*

*

*

Eligible Employee Signature

Date

Eligible Employee Name (Please print)

CHECK ONE

Yes,

I

wish

to

participate

in

the

offer

as

to

ALL

of

my

eligible

options.

OR

Yes,

I

wish

to

participate

in

the

offer

as

to

certain

of

my

eligible

options

which

are

checked

“Exchange”

set

forth

in

the

table

below.

If

you

check

this

box,

you

are

required

to

make

an

election

for

each

outstanding

eligible

option

grant

set

forth

in

the

table

below.

Any

election

form

submitted

without  an

“Exchange”

or

“Do

Not

Exchange”

marked

for

each

outstanding

eligible option grant election will be rejected.

Make ONE Election “X”

for Each

Eligible Option Grant Number

ELIGIBLE

EMPLOYEE

ELIGIBLE

OPTION

GRANT

NUMBER

GRANT

DATE

EXERCISE

PRICE

ELIGIBLE

OPTIONS

EXCHANGE

DO NOT

EXCHANGE

RETURN

TO

THE

OPTION

EXCHANGE

ADMINISTRATOR

ON

OR

BEFORE

9:00

P.M.,

PACIFIC

TIME,

ON

JULY 2, 2009.

CB Richard Ellis  |  Page 15

Election to Exchange

Deliver the election form:

•

by regular mail or courier, to CB Richard Ellis

Group, Inc., 11150 Santa Monica Blvd., Suite

1600, Los Angeles, CA 90025, Attn: Option

Exchange Administrator;

•

by facsimile, to 310-405-8925, Attn: Option

Exchange Administrator; or

•

by

e-mail,

to

optionexchange@cbre.com

CB Richard Ellis  |  Page 16

Election to Exchange

How to Withdraw

Withdrawals or modifications

of previous elections require

that you complete and sign the

withdrawal form

Deliver in the same manner as

the election form indicated

above

WITHDRAWAL FORM

(DO

NOT

RETURN

UNLESS

YOU

WISH

TO

WITHDRAW

YOUR

ELECTION

FORM)

Please check the appropriate box:

I wish

to

withdraw

my

election

to

exchange

and

instead

REJECT

the

offer

to

exchange

all

of

my eligible options. I do not wish  to exchange any eligible options.

OR

I wish to withdraw  my election to exchange eligible options as to my eligible options listed

below (please list). Any eligible options previously elected to be exchanged by me in my most  recent

election but  not

withdrawn below will remain elected for exchange in the offer. I do not wish to

exchange

these

listed

eligible

options:

Eligible Option Grant Number

Grant Date

Exercise Price

Please sign this withdrawal form and print your name exactly as it appears on the election form you

previously submitted.

(please print or type name)

Signature

Date

RETURN

TO

CBRE

NO

LATER

THAN

9:00

P.M.,

PACIFIC

TIME,

ON JULY 2, 2009

(DO

NOT

RETURN

UNLESS

YOU

WISH

TO

WITHDRAW

YOUR

ELECTION

FORM)

•

by

regular

mail

or

courier

to

CB

Richard

Ellis

Group,

Inc.,

11150

Santa

Monica

Blvd.,

Suite

1600, Los Angeles, CA 90025, Attn: Option Exchange Administrator;

•

by

facsimile

to

310-405-8925,

Attn:

Option

Exchange

Administrator;

or

•

by

e-mail

to

optionexchange@cbre.com.

CB Richard Ellis  |  Page 17

Election to Exchange

Forms must be received

no later than

9:00

p.m., Pacific Time, on July

2, 2009. 

Your final elections received as of the deadline

will supersede any previous elections

CB Richard Ellis  |  Page 18

If You Do Not Participate

This option exchange program will have no effect on

your options if you choose not to exchange.  No

changes will be made to the terms and conditions of

the existing options that you continue to hold.

If you choose not to participate, no action is necessary

CBRE cannot advise you whether to participate.

Please consult your financial and/or tax advisor for

advice when deciding whether to participate.

CB Richard Ellis  |  Page 19

U.S. Tax Considerations

Unlike stock options, participants have an immediate

tax liability (ordinary income) on each vesting date of

the restricted stock based on the value of the

restricted stock on the vesting date, unless a Section

83(b) election is made (which will be described in

more detail in the stock grant packages you will

receive if you participate)

Participants in the exchange will be subject to

applicable tax withholding

You should seek guidance from your tax advisor

when making these important decisions

CB Richard Ellis  |  Page 20

Resources

If you have questions or need copies of any of the

option exchange materials, contact the Option

Exchange Administrator

•

Email:

optionexchange@cbre.com

•

Phone: 310-405-8927