Common use of Grant of Option/Price Clause in Contracts

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thousand (50,000) Shares of Common Stock, no par value, of First Albany Companies Inc. (the "Common Stock") at a purchase price of $10.25 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thousand (50,000) Shares of Common Stock, no par value, of First Albany Companies Inc. (the "Common Stock") at a purchase price of $10.25 5.98 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thousand (50,000) Shares of Common Stock, no par value, of its parent First Albany Companies Inc. Inc., ("Parent") (the "Common Stock") at a purchase price of $10.25 5.98 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thirty Thousand (50,00030,000) Shares of Common Stock, no par value, of First Albany Companies Inc. (the "Common Stock") at a purchase price of $10.25 6.75 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thirty Thousand (50,00030,000) Shares of Common Stock, no par value, of First Albany Companies Inc. (the "Common Stock") at a purchase price of $10.25 7.43 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thousand (50,000) Shares of Common Stock, no par value, of its parent First Albany Companies Inc. Inc., ("Parent") (the "Common Stock") at a purchase price of $10.25 5.44 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.