0001017386-15-000023 Sample Contracts

OPTION AGREEMENT
Option Agreement • January 23rd, 2015 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods

THE BOARD OF DIRECTORS of Lapolla Industries, Inc. (the “Company”) authorized and approved the Equity Incentive Plan (“Plan”). The Plan provides for the grant of Options to employees of the Company. Unless otherwise provided herein all defined terms shall have the respective meanings ascribed to them under the Plan.

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • January 23rd, 2015 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods • Texas

THIS EXECUTIVE EMPLOYMENT AGREEMENT is entered into as of January 16, 2015 and effective as of December 31, 2014 (“Effective Date”), by and between LAPOLLA INDUSTRIES, INC., a Delaware Corporation (“Company”) and MICHAEL T. ADAMS (“Executive”).

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