X0306 4 2011-12-14 0 0000875296 LAPOLLA INDUSTRIES INC LPAD 0001404134 Brown Howard Lewis C/O LAPOLLA INDUSTRIES, INC. 15402 VANTAGE PKWY E, #322 HOUSTON TX 77032 1 0 0 0 Option (Right to Buy) .60 2011-12-14 4 D 0 500000 A 2012-01-15 Common Stock, PV $.01 500000 0 D Option (Right to Buy) .60 2011-12-14 4 A 0 500000 A 2015-01-16 Common Stock, PV $.01 500000 500000 D The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on January 16, 2007 and provided for vesting in my former advisor/consultant to the Board role in two equal installments beginning January 16, 2007, and once vested these options were exercisable at the rate of 50% each year after all of the options vested. On May 22, 2007, upon becoming elected to the Board, the vesting criteria changed whereby 86,300 of the options automatically vested with the remaining 413,700 options being subject to vesting in three equal installments beginning January 15, 2008, and once vested these options are exercisable at the rate of 33 1/3% each year after each respective vesting date. /s/ For Howard L. Brown By Michael T. Adams AS/POA 2014-09-29