0001104659-11-021911 Sample Contracts

GLEACHER & COMPANY, INC. STOCK OPTION AGREEMENT
Stock Option Agreement • April 22nd, 2011 • Gleacher & Company, Inc. • Security brokers, dealers & flotation companies • Delaware

THIS STOCK OPTION AGREEMENT (this “Agreement”) confirms the grant on , 2011 (the “Grant Date”) by Gleacher & Company, Inc., a Delaware corporation (the “Company”), to Thomas J. Hughes (“Employee”) of non-qualified options (“Options”) to acquire shares of the Company’s common stock (“Shares”), as follows:

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GLEACHER & COMPANY, INC. INDUCEMENT STOCK OPTION AGREEMENT
Inducement Stock Option Agreement • April 22nd, 2011 • Gleacher & Company, Inc. • Security brokers, dealers & flotation companies • Delaware

THIS INDUCEMENT STOCK OPTION AGREEMENT (this “Agreement”) confirms the grant on , 2011 (the “Grant Date”) by Gleacher & Company, Inc., a Delaware corporation (the “Company”), to Thomas Hughes (“Employee”) of non-qualified options (“Options”) to acquire shares of the Company’s common stock (“Shares”), as follows:

GLEACHER & COMPANY, INC. INDUCEMENT RESTRICTED STOCK UNITS AGREEMENT
Inducement Restricted Stock Units Agreement • April 22nd, 2011 • Gleacher & Company, Inc. • Security brokers, dealers & flotation companies • Delaware

THIS INDUCEMENT RESTRICTED STOCK UNITS AGREEMENT (the “Agreement”) confirms the grant on , 2011 (the “Grant Date”) by Gleacher & Company, Inc., a Delaware corporation (the “Company”), to Thomas Hughes (“Employee”) of Restricted Stock Units (the “Units”), including rights to Dividend Equivalents as specified herein, as follows:

April 22, 2011 Peter J. McNierney Gleacher & Company, Inc. 1290 Avenue of the Americas New York, New York 10019 Dear Peter:
Gleacher & Company, Inc. • April 22nd, 2011 • Security brokers, dealers & flotation companies • New York

The Board appreciates all of the efforts and contributions that you have made to Gleacher & Company, Inc. (the “Company”) over the years. On behalf of the Company, the following arrangements are agreed to in connection with your resignation.

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