X0202 4 2007-01-19 0001318862 Juniper Partners Acquisition Corp. JNPPA 0001332991 Rekant Stuart JUNIPER PARTNERS ACQUISITION CORP. 56 WEST 45TH STREET, SUITE 805 NEW YORK NY 10036 1 1 0 0 Chairman and CEO Stock Option (Right to Buy) 2007-01-19 4 A 0 350000 3.80 A 2012-01-18 Common Stock 350000 350000 D The option is exercisable (i) with respect to 87,500 shares on the closing date of the Agreement and Plan of Merger dated as of August 15, 2006, (ii) with respect to an additional 87,500 shares on each of the first two anniversaries of the closing date, and (iii) with respect to an additional 87,500 shares on the second business day preceding the third anniversary of the closing date. The Stock Option converts to common stock on a one-for-one basis. /s/ Stuart B. Rekant 2007-01-19