concur in part and dissent in part in the following memorandum by Levine, J. Levine, J. (concurring in part and dissenting in part). Under the applicable Statute of Frauds for a sale of securities, this admittedly oral agreement to convey to plaintiff a 10% interest in the corporate defendant “is not enforceable by way of action or defense” (Uniform Commercial Code, § 8-319; emphasis added). Whether plaintiff’s alleged services are claimed to fall under the statutory exemption of “payment” (Uniform Commercial Code, § 8-319, subd [b]) or the common-law exception of part performance, so long as the contract is executory and not completely performed on both sides such services must be “unequivocally referable” to the oral promise alleged to have been made. Otherwise, the contract remains unen*985forceable (Burnside & Co. v Havener Securities Corp., 25 AD2d 373, 375; 56 NY Jur, Statute of Frauds, § 326, pp 443-444; 3 Anderson, Uniform Commercial Code [2d ed], § 8-319:12, p 794). In Anostario v Vicinanzo (59 NY2d 662), the Court of Appeals reaffirmed the full rigor of the “unequivocally referable” requirement as established in Burns v McCormick (233 NY 230). Conduct merely suggestive of a contract is not sufficient. As stated in Buras v McCormick (supra, p 232): “There must be pérformance ‘unequivocally referable’ to the agreement, performance which alone and without the aid of words of promise is unintelligible or at least extraordinary unless as an incident of ownership, assured, if not existing * * * What is done must itself supply the key to what is promised. It is not enough that what is promised may give significance to what is done.” Plaintiff’s alleged performance here is far less referable to the existence of the alleged contract than was the case in Anostario v Vicinanzo (supra). Here, his continued performance of the very same duties he engaged in as a sales supervisor prior to the alleged oral contract is readily explainable by the increase in salary and perquisites he actually received at that point. Plaintiff had the burden of pleading, as well as proving, an exception to take the oral contract out of the Statute of Frauds (see Russell v Societe Anonyme des Etablissements Aeroxon, 268 NY 173,179-180; Markey v Kelly, 10 AD2d 650, 651). Not only is the complaint insufficient here, plaintiff’s affidavit in opposition to the motion to dismiss based upon the Statute of Frauds, which does little more than reiterate the detailed allegations of the complaint, also demonstrates that there are no additional circumstances sufficient to create an issue of fact concerning whether plaintiff’s acts were unequivocally referable to the contract. Defendants’ concession of the existence of the oral agreement, solely for purposes of a ruling on the validity of the complaint, does not constitute any extrajudicial or judicial admission to take the contract out of the Statute of Frauds. Obviously, for purposes of a motion to dismiss the complaint, all of its allegations are deemed to be true. But the existence of the alleged contracts were similarly assumed on the motions to dismiss in Russell v Societe Anonyme des Etablissements Aeroxon (supra) and Markey v Kelly (supra). The dismissals of the complaints in both cases preclude reliance on defendants’ solely procedural concession as to the oral promise here. Whether there actually was such an oral promise made by defendants, the complaint fails to allege any facts authorizing enforcement of that promise. As further stated in Burns v McCormick (233 NY 230, 235, supra), “The most that can be said against Mr. Halsey is that he made a promise which the law did not compel him to keep, and that afterwards he failed to keep it”. Plaintiff’s second cause of action based on fraudulent misrepresentation likewise fails. The only representation pleaded by plaintiff is the identical oral promise to convey a 10% stock interest alleged in the first cause of action. The only allegation of falsity is that defendant Morrow failed to keep the promise and the alleged damages claimed by plaintiff in this cause of action are the very same value of that 10% interest as demanded in the first cause of action. Clearly, then, the second cause of action represents nothing more than an attempt to allege the first cause of action in another form and thereby obtain the identical relief. When proof of an oral promise unenforceable under the Statute of Frauds is totally essential to the maintenance of a fraud action, as is the case here, there can be no recovery (Dung v Parker, 52 NY 494, 497; Rogoff v San Juan Racing Assn., 77 AD2d 831, 832, affd 54 NY2d 883; Club Chain of Manhattan v Christopher & Seventh Gourmet, 74 AD2d 277, 284-286, app dsmd 53 NY2d 703; Roberts v Champion Int., 52 AD2d 773, mots for lv to app dsmd 40 NY2d 805, 918; cf. Channel Master Corp. v Aluminium Ltd. Sales, 4 NY2d 403, 406-408). Accordingly, that portion of defendants’ motion which sought to dismiss the complaint’s first and second causes of action should have been granted.