Document:

ADVISORY BOARD CONSULTING AND COMPENSATION
AGREEMENT

This Advisory Board Consulting and Compensation Agreement
(this "Agreement") dated August 1, 2012, between Cotton Bay
Holdings, Inc,, a publicly traded Delaware corporation doing
business at 1314 Las Olas Boulevard, Suite 1036 in Fort
Lauderdale, Florida 3330, and its affiliates and assigns (the
"Company") and Amy Ray Haeger (the "Advisor"), who has a
mailing address of 4000 MacArthur Boulevard, 9th Floor in Newport Beach, California 92660.

WHEREAS, Advisor has determined to tender his services to the
Board of Directors of the Company (the "Board") effective upon
(a) execution of this Agreement, (b) acceptance by the Board of
the Advisor's Acceptance of Appointment, which is incorporated
herein by reference, and (c) execution of a Board Resolution
naming the Advisor to the Board.

WHEREAS, the Board desires that the Company and its
stockholders shall continue to benefit from the experience and
ability of the Advisor as a consultant to the Company, and the
Advisor is willing to commit to serve as an advisor to the Board,
on the terms and condition herein.

WHEREAS, accordingly, in consideration of the premises and the
respective covenants and agreements of the parties herein
contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1. RETAINER. The Company hereby retains the Advisor,
effective as of the Date herein, and the Advisor hereby agrees to
become an Advisor to the Board for the Term provided in Section 3
to render the consulting services described in Section 2.

2. DUTIES.

2.1 Assignment of Duties. During the Term, as defined in
Section 3 of this Agreement, the Advisor shall be available to
the Company to provide such consulting and other services as may
reasonably be required of him by the Board.

2.2 Availability. The Advisor agrees to devote to the Company
such time as shall be necessary for the effective conduct of his
duties hereunder. Advisor shall be permitted to engage in outside
business and other interests that do not conflict with such
duties. Advisor shall not be required to provide services to the
Company in excess of ten hours per month. Should Advisor, with
advance approval, work more than 120 hours per calendar year,
Advisor shall be paid an hourly rate agreed to by the Board and
Advisor in a separate written agreement, which shall be merged
with this Agreement and considered a fully integrated
agreement.

3. TERM. The term of the Advisor's retainer under
this Agreement (the "Term") shall commence on the Date herein
(also called the "Effective Date") and shall expire on the third
anniversary of the Effective Date unless sooner terminated
pursuant to Section 5 of this Agreement.

4. COMPENSATION.

4.1 Cash Portion of Consulting Fee. The Company shall pay
Advisor a fee of $50,000 per year during the Term. The Consulting
Fee shall be payable at the same time, in the same manner, and
following the same procedures as apply to directors' fees paid to
non-employee directors of the Company. All such payments shall be
subject to deduction and withholding (if any) authorized or
required by applicable law.

4.2 Equity Portion of Consulting Fee. Depending on the value
provided by Advisor to the Company, which shall be memorialized
in a duly executed Board resolution, the Company may elect
through a duly executed resolution, to compensate Advisor through
the issuance of shares of common stock of the Company annually
during the Term pursuant to the Company's 2012 Stock-Based
Incentive Plan. Advisor may choose to receive such awards in the
form of Company common stock, deferred Company stock equivalents
or options to purchase Company common stock. Awards in the form
of stock options shall be at a ratio of four (4) stock option
shares to one (1) share of Company common stock that may
otherwise be awarded pursuant to this Section 4.2. Compensation
awarded pursuant to this Section 4.2 shall be made at the same
time, in the same manner, and following the same procedures as
apply to equity awards made to non-employee directors of the
Company. The compensation provided for in Section 4.1 and 4.2
hereof are referred to herein as the "Consulting Fee."

4.3 No Offset Effect. Any other compensation received by
Advisor for services performed for the Company or its affiliates
shall not operate as an offset to the Consulting Fee.

4.4 Expense Reimbursement. The Company shall reimburse Advisor
for all reasonable out-of-pocket expenses related to travel and
miscellaneous expenses incurred in carrying out his/her duties
under this Agreement. Reimbursement shall only be made against an
itemized list of such expenditures signed by Advisor in such form
as required by the Company and consistent with the Company's
policy.

5. TERMINATION.

5.1 Termination Upon Death or Disability. In the event of
Advisor's death or total disability (defined as the Advisor's
inability to perform his/her duties under this Agreement for
three (3) consecutive fiscal quarters) during the Term, this
Agreement shall terminate on the date of such death or
disability; provided that, such termination shall not relieve the
Company of its obligations to make the payments as described in
Section 4 hereof accrued through the date of such
termination.

5.2 Termination for Cause; Voluntary Termination Prior to
Term-End. The Company may terminate this Agreement for "Cause" at
any time and without notice. The Company shall have "Cause" to
terminate this Agreement if (a) Advisor breaches any provision of
this Agreement or (b) Advisor engages in conduct which is
intentionally injurious to the Company as determined by the
Board. If Advisor is terminated by the Company for Cause or if
the Advisor voluntarily terminates his services prior to the end
of the Term (other than due to the Advisor's death or
disability), Advisor shall be paid only the Consulting Fee
accrued through the date of such termination and Advisor will
forfeit all right to receive any other payments from the Company
unless previously earned but unpaid and any other compensation to
which he would otherwise be entitled.

5.3 Termination by the Company other than for Cause. If
Advisor is terminated by the Company other than for Cause prior
to the end of the Term, Advisor shall be entitled to payment of
the total amount of the Consulting Fee which would have been paid
hereunder for the balance of the Term if his services were not so
terminated by the Company (less any amount of the Consulting Fee
already paid).

6. CONFIDENTIALITY.

6.1 Confidentiality of Trade Secrets or Proprietary
Information. Advisor acknowledges that, during Advisor's service
with the Company, Advisor will have access to proprietary
information, trade secrets, and confidential material of the
Company and its affiliates, successors and assigns, including,
without limitation, information concerning the Company's
operations, policies and procedures, present and future business
plans, financial information, budgets and projections, methods of
doing business, and marketing, research and development
activities and strategies (the "Confidential Information").
Advisor agrees, without limitation in time or until the
Confidential Information shall become public other than by
Advisor's unauthorized disclosure, to maintain the
confidentiality of the Confidential Information and refrain from
divulging, disclosing, or otherwise using the Confidential
Information to the detriment of the Company or its affiliates,
successors or assigns, or for any other purpose or no
purpose.

6.2 Enforceability of Provisions/Remedies. Advisor agrees that
any breach of the covenants contained in this Section 6 would
irreparably injure the Company. Accordingly, the Company may, in
addition to pursuing any other remedies they may have in law or
in equity, obtain an injunction against Advisor from any court
having jurisdiction over the matter, restraining any further
violation of this Section 6 by Advisor.

7. INDEMNIFICATION. The Company agrees to indemnify,
protect, defend and hold the Advisor and his estate, heirs, and
personal representatives, harmless from and against any actual or
threatened action, suit or proceeding, whether civil, criminal,
administrative or investigative (hereinafter a "Proceeding"), and
all losses, liabilities, damages and expenses, including
reasonable attorney's fees incurred by counsel reasonably
designated or approved by him, in connection with this Agreement
or his services hereunder, provided that any consulting services
giving rise to such indemnification shall have been performed by
the Advisor in good faith and, to the best of his or her
knowledge, in a lawful manner.

8. ERRORS AND OMISSIONS INSURANCE. The Company agrees
to secure at its own cost and expense errors and omissions
insurance, or similar forms of insurance, it determines to be
satisfactory to protect against foreseeable risks, errors and
omissions in Advisor performing as a director of the Board of
Directors of a publicly-traded corporation. The Company agrees to
notify Advisor in writing of the securing of such a policy(ies)
upon receipt of the same, and shall produce to Advisor within a
reasonable period of time the applicable declaration page(s).

9. OTHER PROVISIONS.

9.1 Independent Contractor Status. Advisor hereby acknowledges
that Advisor's services to the Company during the Term of this
Agreement will be as an independent contractor and not as an
employee and even if Advisor is subsequently determined to have
been an employee during such Term, he waives any rights he might
have to benefits of any type whatsoever, from and after the
Effective Date, except as specifically provided for herein.

9.2 Notices. Any notice required or permitted to be given
hereunder shall be in writing and shall be effective three (3)
business days after it is properly sent by registered or
certified mail to the addresses stated in the introductory
paragraph or twenty-four (24) hours if sent via facsimile or
electronic mail. Either party to this Agreement may use such
other address as either party may from time to time designate by
notice.

9.3 Entire Agreement. This Agreement contains the entire
agreement between the parties with respect to the subject matter
hereof and supersedes all prior agreements, written or oral, with
respect thereto.

9.4 Waivers and Amendments. This Agreement may be amended,
superseded, cancelled, renewed or extended, and the terms hereof
may be waived, only by a written instrument signed by the parties
or, in the case of a waiver, by the party waiving compliance. No
delay on the part of any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof, nor shall
any waiver on the part of any party of any right, power or
privilege, nor any single or partial exercise of any such right,
power or privilege, preclude any other or further exercise
thereof or the exercise of any other such right, power or
privilege. Each of the sections contained in this Agreement shall
be enforceable, independently of every other section in this
Agreement, and the invalidity or enforceability of any section
shall not invalidate or render non-enforceable any other section
contained herein. If any section or provision in a section is
found invalid or unenforceable, it is the intent of the parties
that a court of competent jurisdiction shall reform the section
or provisions to produce the nearest enforceable economic
equivalent.

9.5 Survival upon Sale or Acquisition. This Agreement shall be
considered an asset of the Company, and shall be assumed by any
entity acquiring the tangible and intangible assets of the
Company.

9.6 Governing Law. The validity, interpretation, construction
and performance of this Agreement shall in all respects be
governed by the laws of Delaware, without reference to principles
of conflict of law.

9.7 Assignment. The services to be rendered by Advisor
hereunder are personal in nature and, thus, the obligations of
Advisor under this Agreement may not be assigned to any other
party.

9.8 Counterparts. This Agreement may be executed by the
parties hereto in separate counterparts, each of which when so
executed and delivered shall be an original but all such
counterparts together shall constitute one and the same
instrument. Each counterpart may consist of two copies hereof
each signed by one of the parties hereto.

9.9 Headings. The headings in this Agreement are for reference
only and shall not affect the interpretation of this
Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.

AGREED:

	
ADVISOR

	
COTTON BAY HOLDINGS,
INC.

	
/s/Amy Ray Haeger 

Amy Ray Haeger 

	
/s/Alfred E. Abiouness,
Jr. 

Alfred E. Abiouness,
Jr. 

Chairmain of the Board

Cotton Bay Holdings,
Inc.INDEPENDENT CONTRACTOR AND FINANCING
AGREEMENT

This Independent Contractor and Financing Agreement (this
"Agreement") is made as of August 1, 2012 (the "Effective Date")
by and between Global Ventures Group, LLC, a Florida limited
liability company doing business at 110 North Federal Highway,
Unit 807 in Fort Lauderdale, Florida 33301 (the "Global
Ventures") and Cotton Bay Holdings, Inc., a Delaware corporation
doing business at Las Olas Boulevard, Suite 1036 in Fort
Lauderdale, Florida 33301 ("Cotton Bay Holdings").

RECITALS

WHEREAS, Global Ventures has the exclusive rights to develop
and construct the Project pursuant to a Master Agreement between
Global Ventures and Eleuthera Properties (the "Master Agreement")
whereby, among other things, in exchange for performing certain
construction and development services on the Project, Global
Ventures has the right to earn 6,500 shares of Class A Common
Shares in Eleuthera (the "Eleuthera Stock"), of which, Global
Ventures has agreed to assign right, title and interest in 3,250
shares of the Eleuthera Stock to Cotton Bay Holdings pursuant to
an Assignment of Rights and Title Agreement (the "Assignment")
for purposes of raising the necessary capital to complete the
Project. The Assignment shall merge into this Agreement creating
a fully integrated contract.

WHEREAS, Cotton Bay Holdings represents that its business
purpose, as set forth in its August 1, 2012 Private Placement
Memorandum, is to raise capital to fund Global Ventures'
performance under the Master Agreement in constructing and
developing the Project, and in turn, Global Ventures has agreed
to convey shares of the Eleuthera Stock to Cotton Bay Holdings.
It is anticipated that this business purpose will form the basis
of Cotton Bay Holdings' future filings with the United States
Securities and Exchange Commission.

WHEREAS, Cotton Bay Holdings represents and acknowledges that
it is deriving a financial benefit through Global Ventures'
performance under the Master Agreement, and thus stipulates to
the terms and conditions of this Agreement.

WHEREAS, the parties hereto desire to set forth the terms of
their agreement in writing to be effective as of the date set
forth above.

AGREEMENT

NOW, THEREFORE, for valuable consideration, Global Ventures
and Cotton Bay Holdings agree as follows:

1. Term. Cotton Bay Holdings and Global Ventures agree that
the term of this Agreement shall terminate upon the occurrence of
the following events: (a) written confirmation from Eleuthera
Properties that Global Ventures has fully performed under the
terms of the Master Agreement and that Global Ventures has been
conveyed all 6,500 shares of the Eleuthera Stock, (b) conveyance
of title, free and clear, of 3,250 shares of the Eleuthera Stock
to Cotton Bay Holdings, and (c) release of any and all liens
against the Project caused by Global Ventures' performance under
any third-party agreement with any vendors or subcontractors.

2. Financing and Stock Conveyance Schedule. Cotton Bay
Holdings and Global Ventures agree to the following financing and
stock conveyance schedule:

(a) Global Ventures shall submit a draw request to Cotton Bay
Holdings in a manner and form deemed to be commercially
reasonable under the circumstances and sufficient enough for
Cotton Bay Holdings to determine the nature of and purpose for
the funds being allocated to Global Ventures. Cotton Bay and
Global Ventures agree that construction of this nature typically
involves change orders and other potential future financing
requirements over and above what is currently contemplated as of
the date of execution; notwithstanding, based upon Cotton Bay
Holdings' current information of the construction requirements of
Global Ventures under the Master Agreement, Cotton Bay Holdings
contemplates the costs of construction, and thus payments to
Global Ventures under this Section 2(a), consistent with Exhibit
A.

(b) Unless otherwise agreed to between the parties in writing,
Cotton Bay Holdings agrees to pay the draw request within five
(5) days of presentation to Cotton Bay Holdings from Global
Ventures; however, the parties agree that a condition precedent
to payment of the specific draw request is that Cotton Bay
Holdings have sufficient funds in its operations account to
satisfy the draw request in full.

In the event Cotton Bay Holdings does not have sufficient
funds in its operations account, Cotton Bay Holdings shall
produce to Global Ventures Group an accounting of its operations
account to confirm its failure to satisfy the draw request, and
shall agree to simple interest on the draw request in the amount
of 8.5% (the "Default Interest").

The parties agree that any payments made against future draw
requests may be applied by Global Ventures against the principal
amount of the draw request first, before such payments are
applied against the Default Interest. Any Default Interest
balance shall carry over to the next draw request and continue to
be categorized as Default Interest.

The amounts associated with all draw requests are referred to
herein collectively as the "Principal Contract Payment," and the
Principal Contract Payment and Default Interest is collectively
referred to herein as the "Total Contract Payment."

(c) Cotton Bay Holdings' payment to Global Ventures of the
Principal Contract Payment in increments of $10,000.00 shall
entitle Cotton Bay Holdings to the right to title of one (1)
share of the Eleuthera Stock, subject to (i) Eleuthera Properties
releasing the share of Eleuthera Stock to Global Ventures under
the Master Agreement, (ii) Global Ventures' performance under the
Assignment, and (iii) Cotton Bay Holdings satisfying any and all
amounts associated with any outstanding, due and owing Default
Interest. For example, and example only, in the event Eleuthera
Properties releases two (2) shares of the Eleuthera Stock to
Global Ventures but Cotton Bay Holdings owes Global Ventures
$8,000 in Default Interest, Global Ventures will only be
obligated to convey title to the two (2) shares of the Eleuthera
Stock once Cotton Bay Holdings pays the Default Interest in the
amount of $8,000.

In the event the Default Interest is not paid, as provided for
in this provision, Global Ventures agrees to hold the subject
shares of the Eleuthera Stock in escrow solely for the benefit of
Cotton Bay Holdings to be released upon payment of the Default
Interest or the Total Contract Payment. In the event Cotton Bay
Holdings fails to pay the Total Contract Payment upon termination
or default of this Agreement, Cotton Bay Holdings agrees that
Global Ventures shall retain, as liquidated damages, the amount
of shares of the Eleuthera Stock held in escrow under this
provision.

(d) Cotton Bay Holdings agrees that the maximum amount of
Eleuthera Stock to be earned under this Agreement is 1,998 shares
(3,250 shares minus the 1250 shares earned and subject to
immediate conveyance to Cotton Bay Holdings). Global Ventures
agrees to convey the title, rights and interest in these 1,998
shares of the Eleuthera Stock to Cotton Bay Holdings prior to
Global Ventures' retention of other shares of the Eleuthera
Stock; however, Cotton Bay Holdings agrees that after conveyance
of the 1,998 shares of the Eleuthera Stock to Cotton Bay Holdings
under this Agreement and the Assignment it is bound to continue
its payment and performance obligations hereunder because Cotton
Bay Holdings agrees that Global Ventures' continued construction
and other services benefits Cotton Bay Holdings (and its
shareholders).

3. Representations and Warranties of Global Ventures.

(a) Global Ventures represents and warrants to Cotton Bay
Holdings that the statements contained in this Agreement are true
and correct as of the date of this Agreement and will be true and
correct as of the termination of this Agreement, as set forth
above. Global Ventures is a limited liability company duly
organized, validly existing and in good standing under the laws
of the State of Florida. Global Ventures has all requisite
capacity, power and authority to execute, deliver and perform
this Agreement. No other company action on the part of Global
Ventures is necessary to authorize the execution and delivery by
Global Ventures of this Agreement or the consummation by it of
the obligations set forth in Section 2, above. This Agreement has
been duly executed and delivered and, upon execution by Cotton
Bay Holdings, will constitute a valid and legally binding
obligation of Global Ventures, enforceable against Global
Ventures in accordance with its terms, except (a) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium,
and other laws of general application affecting enforcement of
creditors' rights generally and (b) as limited by laws
relating to the availability of specific performance, injunctive
relief, or other equitable remedies.

(b) Global Ventures represents and warrants that it has a
legal right to the Eleuthera Stock, as set forth above, free and
clear of any encumbrances or restrictions on transfer, except for
those encumbrances under the Assignment, and shall remain free
and clear until termination of this Agreement, subject to the
conditions of assignment under the Assignment.

(c) Neither the execution, delivery and performance of this
Agreement by Global Ventures, nor the consummation by Global
Ventures of any transaction related hereto, including the
transfer of title to the Eleuthera Stock will require any
consent, approval, license, Order or authorization of, filing,
registration, declaration or taking of any other action with, or
notice to, any Person, other than such consents, approvals,
filings or actions as may be required under the Assignment.

(d) The execution and delivery by Global Ventures of this
Agreement to which it is or will become a party do not, and the
consummation of the transactions contemplated by this Agreement
shall not, assuming the consents, approvals, filings or actions
described above are made or obtained, as the case may be, (a)
contravene, conflict with, or result in any violation or breach
of any provision of the articles of organization or operating
agreement of Global Ventures, (b) result in any violation or
breach of, or constitute (with or without notice or lapse of
time, or both) a default (or give rise to a right of termination,
cancellation or acceleration of any obligation or loss of any
benefit) under any of the terms, conditions or provisions of any
note, bond, mortgage, indenture, lease, contract or other
agreement, instrument or obligation to which Global Ventures is a
party or by which it or any of its properties or assets may be
bound, other than any such restrictions under the Assignment, or
(c) conflict or violate any permit, concession, franchise,
license, judgment, Order, decree, statute, law, ordinance, rule
or regulation of any government, governmental instrumentality or
court, domestic or foreign, applicable to Global Ventures or any
of its properties or assets, except in the case of (b) and (c)
for any such conflicts, violations, defaults, terminations,
cancellations or accelerations which would not, individually or
in the aggregate, materially and adversely affect the Eleuthera
Stock being conveyed by Global Ventures to Cotton Bay
Holdings.

4. Representations and Warranties of Cotton Bay Holdings.

(a) Cotton Bay Holdings is a corporation duly organized,
validly existing and in good standing under the laws of the State
of Delaware. Cotton Bay Holdings has all requisite capacity,
power and authority to execute, deliver and perform this
Agreement. No other corporate action on the part of Cotton Bay
Holdings is necessary to authorize the execution and delivery by
Cotton Bay Holdings of this Agreement or the consummation by it
of the Contemplated Transactions (as defined below). This
Agreement has been duly executed and delivered and, upon
execution by Global Ventures, will constitute a valid and legally
binding obligation of Cotton Bay Holdings, enforceable against
Cotton Bay Holdings in accordance with its terms, except (i) as
limited by applicable bankruptcy, insolvency, reorganization,
moratorium, and other laws of general application affecting
enforcement of creditors' rights generally and (ii) as
limited by laws relating to the availability of specific
performance, injunctive relief, or other equitable remedies.

(b) Cotton Bay Holdings represents that at the time of
execution, or at some point thereafter, it shall be a fully
reporting public company subject to the disclosure requirements
of the United States Securities and Exchange Commission (the
"SEC"), and that this Agreement and the Assignment might be
disclosed through annual, quarterly or periodic filings with the
SEC.

5. Mutual Right to Reasonable Accounting. Cotton Bay Holdings
and Global Ventures Group mutually agree to keep full and
detailed accounts and exercise such controls as may be necessary
for proper financial management under this Agreement, and the
accounting and control systems shall be reasonably satisfactory
to each party. The parties shall mutually be afforded reasonable
access to the necessary and relevant records, books,
correspondence, instructions, drawings, receipts, subcontracts,
purchase orders, vouchers, memoranda, and other data relating to
each other's respective performance under this Agreement, and
shall preserve these for a period of three years after final
payment, or for such longer period as may be required by law. The
parties mutually agree to keep such full and detailed accounts as
may be necessary for proper financial management under this
Agreement.

6. Miscellaneous Provisions.

(a) Regardless of whether the transactions contemplated hereby
are consummated, all legal and other costs and expenses incurred
in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party hereto incurring
such costs and expenses.

(b) This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida without regard
to the conflicts of laws provisions thereof.

(c) Section headings used in this Agreement are for
convenience only and shall not affect the meaning or construction
of this Agreement.

(d) This Agreement and the Assignment constitutes the entire
agreement between the parties hereto and supersedes all prior
agreements and understandings, both written and oral, with
respect to the subject matter hereof.

(e) This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all
of which together shall constitute one and the same instrument.
Signatures on this Agreement may be communicated by facsimile
transmission and shall be binding upon the parties hereto so
transmitting their signatures. Counterparts with original
signatures shall be provided to the other parties hereto
following the applicable facsimile transmission; provided that
the failure to provide the original counterpart shall have no
effect on the validity or the binding nature of this
Agreement.

(f) Any term of this Agreement may be modified or amended only
by an instrument in writing signed by each of the parties
hereto.

(g) If one or more provisions of this Agreement are held to be
unenforceable under applicable law, such provision shall be
excluded from this Agreement and the balance of the Agreement
shall be interpreted as if such provision were so excluded and
shall be enforced in accordance with its terms.

IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed and delivered as of the date set
forth above.

COTTON BAY HOLDINGS, INC.

By:/s/ Alfred E. Abiouness, Jr.

Alfred E. Abiouness, Jr.

President and Chief Executive Officer

GLOBAL VENTURES GROUP, LLC

By: /s/ Robert Fortson IV

Robert Fortson IV

Authorized Manager

EXHIBIT A

MUTUALLY AGREED UPON CONSTRUCTION COSTS & DESCRIPTION
OF PHASES

INSERT TABLE

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