0001140361-08-016649 Sample Contracts

Contract
Asset Purchase Agreement • July 8th, 2008 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods • Texas
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OPTION AGREEMENT
Option Agreement • July 8th, 2008 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods

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

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 8th, 2008 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods • Texas

THIS EXECUTIVE EMPLOYMENT AGREEMENT is entered into and effective as of July 1, 2008 (“Effective Date”), by and between LAPOLLA INDUSTRIES, INC., a Delaware Corporation (“Company”) and Ted J. Medford (“Executive”).

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