0001213809-06-000011 Sample Contracts

EXHIBIT A-1 to EXECUTIVE EMPLOYMENT AGREEMENT between DYADIC INTERNATIONAL, INC. and GLENN E. NEDWIN TIME VESTED STOCK OPTION AGREEMENT
Stock Option Grant Agreement • March 21st, 2006 • Dyadic International Inc • Services-commercial physical & biological research • Florida

This STOCK OPTION GRANT AGREEMENT (this “Agreement”), dated as of March 16, 2006 (the “Date of Grant”), is delivered by Dyadic International, Inc. (the “Company”) to GLENN E. NEDWIN (the “Grantee”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
First Amendment • March 21st, 2006 • Dyadic International Inc • Services-commercial physical & biological research

THIS FIRST AMENDMENT (this “First Amendment”) is made and entered into by and between DYADIC INTERNATIONAL, INC., a Delaware corporation (the “Company”) and MARK A. EMALFARB (the “Executive”) as of the 16th day of March, 2006.

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 21st, 2006 • Dyadic International Inc • Services-commercial physical & biological research • California

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of 16th day of March, 2006 (the “Agreement Date”), by and between DYADIC INTERNATIONAL, INC., a Delaware corporation (the “Company”), and GLENN E. NEDWIN (the “Executive”) and effective as of the date Executive is able to commence his employment by the Company, but in no event later than the date fixed by the provisions of Section 1.11 hereof (the “Effective Date”) . The Company and the Executive are sometimes hereinafter collectively referred to as the “parties” and individually as a “party.” Certain capitalized terms used in this Agreement are defined in Article VII hereof.

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