0001214659-08-000678 Sample Contracts

AGREEMENT AND RELEASE
Agreement and Release • March 27th, 2008 • Five Star Products Inc • Wholesale-hardware & plumbing & heating equipment & supplies

This Agreement and Release (this "Agreement") is made and entered into by and among Leslie Flegel, residing at 4951 Gulf Shore Boulevard, PH 201, Naples, FL 34103 (the "Executive"), and National Patent Development Corporation, a Delaware corporation with principal executive offices at 10 East 40th Street, Suite 3110, New York, New York 10016 ("NPDC") and Five Star Products, Inc., a Delaware corporation with principal executive offices at 10 East 40th Street, Suite 3110, New York, New York 10016 ("Five Star").

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Sale Agreement
Sale Agreement • March 27th, 2008 • Five Star Products Inc • Wholesale-hardware & plumbing & heating equipment & supplies

This Sale Agreement (this "Sale Agreement") is made and entered into by and among the undersigned at the address set forth under their respective names (each a "Seller" and collectively the "Sellers") and National Patent Development Corporation, a Delaware corporation with principal executive offices at 10 East 40th Street, Suite 3110, New York, NY 10016 ("NPDC") and Five Star Products, Inc., a Delaware with principal offices at 10 East 40th Street, Suite 3110, New York, NY 10016 ("Five Star").

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