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Exhibit 10.1

Richard J. Kurtz
Nine Duck Pond Road
Alpine, New Jersey 07632
 
March 20, 2006

LaPolla Industries, Inc.
15402 Vantage Parkway East
Suite 322
Houston, Texas 77032
Attention: Michael T. Adams, CEO
 

 
Re:
LaPolla Industries, Inc. (the “Company”)

Working Capital Commitment

Gentlemen:

This is in response to your request that I provide an assurance as to funding of
One Million Five Hundred Thousand Dollars ($1,500,000) to be used as working
capital to facilitate growth and expansion for the Company, as and when such
funds are deemed required by management. I hereby confirm that I so commit to
provide during fiscal 2006, upon the request of management, One Million Five
Hundred Thousand Dollars ($1,500,000) in cash funds for use as working capital
by the Company. I understand that such funding will take the form of a demand
loan bearing 6% interest per annum. This commitment will either be satisfied
from personal funds, or, I will cause the funds to be otherwise provided by an
appropriate lending institution.

I have been further advised and understand that the aforesaid commitment and
obligation will be superseded in the event and to the extent that the Company is
independently funded by a third party source in an amount of at least One
Million Five Hundred Thousand Dollars ($1,500,000), either privately or
institutionally, during fiscal 2006. In such event, I or the lending institution
utilized by me, to the extent any funds have been loaned pursuant to the above
commitment, shall be promptly repaid.
 

 
Very Truly Yours,
     
/s/ Richard J. Kurtz
     
Richard J. Kurtz

 

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