0001140361-09-024661 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • November 4th, 2009 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods • Texas

THIS EXECUTIVE EMPLOYMENT AGREEMENT is entered into and effective as of October 28, 2009 (“Effective Date”), by and between LAPOLLA INDUSTRIES, INC., a Delaware Corporation (“Company”) and NEIL P. BURNS (“Executive”).

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OPTION AGREEMENT
Option Agreement • November 4th, 2009 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods

THE BOARD OF DIRECTORS of LAPOLLA INDUSTRIES, INC. authorized and approved the Equity Incentive Plan, as amended ("Plan"). The Plan provides for the grant of common stock (“Stock”) options (the “Options”) to employees of Company (“Company”). Unless otherwise provided herein all defined terms shall have the respective meanings ascribed to them under the Plan.

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