Lapolla Industries – Amendment to Option Agreement (July 29th, 2005)
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").
Lapolla Industries – Option Agreement (July 18th, 2005)
THE BOARD OF DIRECTORS of IFT Corporation authorized and approved the Equity Incentive Plan ("Plan"). The Plan provides for the grant of Options to employees of IFT Corporation and its subsidiaries ("Company"). Unless otherwise provided herein all defined terms shall have the respective meanings ascribed to them under the Plan.
Lapolla Industries – Your Corporate Title Will Be Chief Financial Officer. As Part of This Function, You Will Also Be the Corporate Treasurer. You Shall Have the Duties and Responsibilities Usually Vested in Such Capacities, as Determined From Time to Time by the CEO and Board of Directors of the Company, and Such Other Duties and Responsibilities as May Be Assigned to You From Time to Time by the CEO, Board of Directors and Bylaws. Your Agreement Is for Two (2) Years ("Employment Period"), Commencing on or Before the End of February 2005 ("Date of Employment"). [Date of Employment Is February 25, 2005] You Will R (March 3rd, 2005)