0001193125-09-234130 Sample Contracts

PAULSON CAPITAL CORP. FORM OF NON-STATUTORY STOCK OPTION AGREEMENT UNDER 1999 STOCK OPTION PLAN

Non-Statutory Stock Option Agreement • November 13th, 2009 • Paulson Capital Corp • Security brokers, dealers & flotation companies

• Contract Type
  Non-Statutory Stock Option Agreement
• Filed
  November 13th, 2009
• Company
  Paulson Capital Corp
• Industry
  Security brokers, dealers & flotation companies

This NON-STATUTORY STOCK OPTION AGREEMENT is made between PAULSON CAPITAL CORP. (the “Company”), an Oregon corporation, and (the “Optionee”), pursuant to the Company’s 1999 Stock Option Plan (the “Plan”). The Company and the Optionee agree as follows:

PAULSON CAPITAL CORP. FORM OF INCENTIVE STOCK OPTION AGREEMENT UNDER 1999 STOCK OPTION PLAN

Incentive Stock Option Agreement • November 13th, 2009 • Paulson Capital Corp • Security brokers, dealers & flotation companies

• Contract Type
  Incentive Stock Option Agreement
• Filed
  November 13th, 2009
• Company
  Paulson Capital Corp
• Industry
  Security brokers, dealers & flotation companies

This INCENTIVE STOCK OPTION AGREEMENT is made between PAULSON CAPITAL CORP. (the “Company”), an Oregon corporation, and (the “Optionee”), pursuant to the Company’s 1999 Stock Option Plan (the “Plan”). The Company and the Optionee agree as follows: