0001213809-07-000046 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • October 24th, 2007 • Dyadic International Inc • Industrial organic chemicals

THIS EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of the 18th day of October, 2007, by and between DYADIC INTERNATIONAL, INC., a Delaware corporation (the "Company"), and Lisa De La Pointe (the "Executive"). The Company and the Executive are sometimes hereinafter collectively referred to as the "parties" and individually as a "party," provided that as applicable, any reference to the Company shall mean the Company, its Subsidiaries and and\or their Affiliates, as the case may be. Certain capitalized terms used in this Agreement are defined in Article VII hereof.

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FOURTH AMENDMENT TO REVOLVING NOTE
Revolving Note • October 24th, 2007 • Dyadic International Inc • Industrial organic chemicals

THIS FOURTH AMENDMENT (this “Fourth Amendment”) is made to that certain Revolving Note dated as of May 29, 2003 (the “Note”) in favor of MARK A. EMALFARB TRUST U/A/D dated October 1, 1987 (the “Lender”) by a wholly-owned subsidiary of DYADIC INTERNATIONAL, INC., a Delaware corporation (the “Borrower”), Dyadic International (USA), Inc., a Florida corporation (formerly known as Dyadic International, Inc.) (the “Borrower’s Predecessor”) and assumed by the Borrower pursuant to an Assumption Agreement dated October 29, 2004 by and between the Borrower and the Lender.

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