0001015402-05-003636 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors • Florida

THIS EXECUTIVE EMPLOYMENT AGREEMENT entered into and effective as of July 25, 2005 (“Effective Date”), by and between IFT CORPORATION, a Delaware Corporation (“Company”) and Douglas J. Kramer (“Executive”).

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TERMINATION AGREEMENT
Termination Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors

THIS TERMINATION AGREEMENT is entered into and effective as of July 25, 2005, by and between IFT CORPORATION, a Delaware corporation (the "Company") and MICHAEL T. ADAMS (the “Executive”).

AMENDMENT TO OPTION AGREEMENT
Option Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors

THIS AMENDMENT, entered into as of July 28, 2005, to that certain Option Agreement dated July 12, 2005, between IFT CORPORATION, a Delaware corporation (the "Company") and ROGER C. GREGG, an individual (the "Optionee").

AMENDMENT TO OPTION AGREEMENT
Option Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors

THIS AMENDMENT, entered into as of July 28, 2005, to that certain Option Agreement dated July 12, 2005, between IFT CORPORATION, a Delaware corporation (the "Company") and MICHAEL T. ADAMS, an individual (the "Optionee").

AMENDMENT TO OPTION AGREEMENT
Option Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors

THIS AMENDMENT, entered into as of July 28, 2005, to that certain Option Agreement dated July 12, 2005, between IFT CORPORATION, a Delaware corporation (the "Company") and CHARLES R. WEEKS, an individual (the "Optionee").

AMENDMENT TO OPTION AGREEMENT
Option Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors

THIS AMENDMENT, entered into as of July 28, 2005, to that certain Option Agreement dated July 12, 2005, between IFT CORPORATION, a Delaware corporation (the "Company") and DOUGLAS J. KRAMER, an individual (the "Optionee").

TERMINATION AGREEMENT
Termination Agreement • July 29th, 2005 • Ift Corp • Patent owners & lessors

THIS TERMINATION AGREEMENT is entered into and effective as of July 25, 2005, by and between IFT CORPORATION, a Delaware corporation (the "Company") and DOUGLAS J. KRAMER (the “Executive”).

July 25, 2005 Roger C. Gregg Re: Letter Agreement Dear Roger:
Ift Corp • July 29th, 2005 • Patent owners & lessors • Florida

We are pleased to inform you that the Board of Directors of IFT Corporation (the “Company”), the parent company to LaPolla Industries, Inc. (“LaPolla”), which is the subsidiary you have been employed with since June 1, 2005, has approved a Letter Agreement providing for a long term cash-based incentive bonus for you, subject to your continued employment and meeting certain criteria, pursuant to the terms and conditions below:

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