0001193125-12-203284 Sample Contracts

GRAY TELEVISION, INC. NONQUALIFIED STOCK OPTION AWARD AGREEMENT PURSUANT TO
Nonqualified Stock Option Award Agreement • May 2nd, 2012 • Gray Television Inc • Television broadcasting stations • Georgia

THIS AGREEMENT, made as of the of , by and between GRAY TELEVISION, INC. (hereinafter referred to as the “Company”) and [ ] (hereinafter referred to as “Optionee”).

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GRAY TELEVISION, INC. RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 2nd, 2012 • Gray Television Inc • Television broadcasting stations • Georgia

THIS AGREEMENT, entered into, effective as of the Grant Date, by and between the Participant and Gray Television, Inc. (the “Company”).

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