0000950123-06-000366 Sample Contracts

Mr. Glenn Aigen 27 Summit Road Port Washington, NY 11050 Dear Glenn:
BKF Capital Group Inc • January 13th, 2006 • Investment advice • New York

This letter will confirm our agreement concerning the terms of your 2005 compensation. This Agreement is entered into for and in consideration of the mutual covenants, agreements and promises set forth herein, and for other good and valid consideration, the receipt and sufficiency of which is hereby acknowledged. Your signature at the end of this letter will signify your acceptance of and agreement to the provisions of this letter.

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EMPLOYMENT AGREEMENT
Employment Agreement • January 13th, 2006 • BKF Capital Group Inc • Investment advice • New York

AGREEMENT made as of the 28th day of September, 2005, between BKF Capital Group, Inc., a Delaware corporation (the “Company”), and John C. Siciliano (the “Executive”).

TRANSITION/SEPARATION AGREEMENT TRANSITION/SEPARATION AGREEMENT (the “Agreement”) dated as of December 20, 2005 by and between BKF Capital Group, Inc. (“BKF”) and Glenn A. Aigen (“EXECUTIVE”).
Transition/Separation Agreement • January 13th, 2006 • BKF Capital Group Inc • Investment advice • New York

WHEREAS, Executive has heretofore been employed by BKF and each of its subsidiaries and affiliates as Chief Financial Officer;

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