0001017386-14-000067 Sample Contracts

OPTION AGREEMENT
Option Agreement • April 10th, 2014 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods

THE BOARD OF DIRECTORS of Lapolla Industries, Inc. (the “Company”) authorized and approved the Equity Incentive Plan ("Plan"). The Plan provides for the grant of Options to employees of the Company. Unless otherwise provided herein all defined terms shall have the respective meanings ascribed to them under the Plan.

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AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT
Note Purchase Agreement • April 10th, 2014 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods

THIS AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT (this “Amendment”), dated as of April 8, 2012, with an effective date as of February 28, 2014, is by and among LAPOLLA INDUSTRIES, INC., a Delaware corporation (the “Debtor”), ENHANCED JOBS FOR TEXAS FUND, LLC, a Delaware limited liability company (Enhanced Texas”), and ENHANCED CREDIT SUPPORTED LOAN FUND, LP, a Delaware limited partnership (“Enhanced Credit,” and together with Enhanced Texas and any Assignee, each a “Purchaser” and together the “Purchasers”). Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein shall have the meanings ascribed thereto in the Note Purchase Agreement (as defined below).

STOCK BONUS AGREEMENT
Stock Bonus Agreement • April 10th, 2014 • Lapolla Industries Inc • Paints, varnishes, lacquers, enamels & allied prods

THE BOARD OF DIRECTORS of Lapolla Industries, Inc. (the “Company”) authorized and approved the Equity Incentive Plan ("Plan"). The Plan provides for the grant of Stock Bonuses to employees of the Company. Unless otherwise provided herein all defined terms shall have the respective meanings ascribed to them under the Plan.

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