0001214659-08-001480 Sample Contracts

FIVE STAR PRODUCTS, INC.
Five Star Products Inc • June 26th, 2008 • Wholesale-hardware & plumbing & heating equipment & supplies • New York

This agreement (this “Agreement”) is to confirm and memorialize the understanding by and among National Patent, the Company and Grantee pursuant to which the Company shall deliver to Grantee the Purchase Price (as defined herein) as consideration for Grantee’s agreement not to exercise Grantee’s Options after the date hereof and the cancellation of Grantee’s Options and the termination of the Stock Option Agreement upon payment of the Purchase Price.

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FIVE STAR PRODUCTS, INC.
Five Star Products Inc • June 26th, 2008 • Wholesale-hardware & plumbing & heating equipment & supplies • New York

This agreement (this “Agreement”) is to confirm and memorialize the understanding by and among National Patent, the Company and Grantee pursuant to which the Company shall deliver to Grantee the Purchase Price (as defined herein) as consideration for Grantee’s agreement not to exercise Grantee’s Options after the date hereof and the cancellation of Grantee’s Options.

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