Document:

COTTON BAY HOLDINGS

August 1, 2012

Alfred E. Abiouness Sr.

8180 Shore Drive

Norfolk, VA, 23518

RE: ACCEPTANCE OF APPOINTMENT TO BOARD OF DIRECTORS

Dear Mr. Abiouness:

We are hereby inviting you to serve on the Board of Directors
(the "Board") of Cotton Bay Holdings, Inc., a publicly reporting
entity incorporated in Delaware ("Cotton Bay Holdings"). Your
acceptance of this invitation will be confirmed through execution
of this correspondence below, and your execution of the enclosed
Advisory Board Consulting and Compensation Agreement dated August
1, 2012 (the "Advisor Agreement").

By executing this correspondence, and the Advisor Agreement,
you are agreeing to comply with the duties of such an appointment
under all applicable common laws, statutory laws, and rules and
regulations of the United States Securities and Exchange
Commission. Furthermore, you are agreeing to perform your
advisory services consistent with the Bylaws of Cotton Bay
Holdings.

I am looking forward to a productive and long-term
relationship. Please feel free to contact our corporate counsel,
Anthony R. Paesano at apaesano@paesanoakkashian.com or (248)
792-6886 with any questions.

Very truly yours,

/s/Alfred E. Abiouness, Jr.

Alfred E. Abiouness, Jr.

Chairman of the Board

Agreed:

/s/ Alfred E. Abiouness, Sr.

Alfred E. Abiouness, Sr.

cc:    Anthony R. Paesano

        Board of
DirectorsCOTTON BAY HOLDINGS

August 1, 2012

Robert M. Fortson IV

1314 East Las Olas Boulevard

Suite 1036

Fort Lauderdale, FL, 33301

RE: ACCEPTANCE OF APPOINTMENT TO BOARD OF DIRECTORS

Dear Mr. Fortson:

We are hereby inviting you to serve on the Board of Directors
(the "Board") of Cotton Bay Holding, Inc., a publicly
reporting entity incorporated in Delaware ("Cotton Bay
Holdings"). Your acceptance of this invitation will be
confirmed through execution of this correspondence below, and
your execution of the enclosed Advisory Board Consulting and
Compensation Agreement dated August 1, 2012 (the "Advisor
Agreement").

By executing this correspondence, and the Advisor Agreement,
you are agreeing to comply with the duties of such an appointment
under all applicable common laws, statutory laws, and rules and
regulations of the United States Securities and Exchange
Commission. Furthermore, you are agreeing to perform your
advisory services consistent with the enclosed Bylaws of Cotton
Bay Holdings.

I am looking forward to a productive and long-term
relationship. Please feel free to contact our corporate counsel,
Anthony R. Paesano at apaesano@paesanoakkashian.com or (248)
792-6886 with any questions.

Very truly yours,

/s/Alfred E. Abiouness, Jr.

Alfred E. Abiouness, Jr.

Chief Executive Officer

Agreed:

/s/ Robert M. Fortson IV

Robert M. Fortson IV

cc:    Anthony R. Paesano

        Board of
DirectorsCOTTON BAY HOLDINGS

August 1, 2012

Amy Roy- Haeger

4000 MacArthur Boulevard

9th Floor

Newport Beach, CA, 92660

RE: ACCEPTANCE OF APPOINTMENT TO BOARD OF DIRECTORS

Dear Ms. Roy- Haeger:

We are hereby inviting you to serve on the Board of Directors
(the "Board") of Cotton Bay Holdings, Inc., a publicly reporting
entity incorporated in Delaware ("Cotton Bay Holdings"). Your
acceptance of this invitation will be confirmed through execution
of this correspondence below, and your execution of the enclosed
Advisory Board Consulting and Compensation Agreement dated August
1, 2012 (the "Advisor Agreement").

By executing this correspondence, and the Advisor Agreement,
you are agreeing to comply with the duties of such an appointment
under all applicable common laws, statutory laws, and rules and
regulations of the United States Securities and Exchange
Commission. Furthermore, you are agreeing to perform your
advisory services consistent with the Bylaws of Cotton Bay
Holdings.

I am looking forward to a productive and long-term
relationship. Please feel free to contact our corporate counsel,
Anthony R. Paesano at apaesano@paesanoakkashian.com or (248)
792-6886 with any questions.

Very truly yours,

/s/Alfred E. Abiouness, Jr.

Alfred E. Abiouness, Jr.

Chairman of the Board

Agreed:

/s/ Amy Roy-Haeger

Amy Roy- Haeger

cc:    Anthony R. Paesano

        Board of
DirectorsADVISORY 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 Alfred E. Abiouness, Jr. (the "Advisor"), who has
a mailing address of 110 N. Federal Highway, Unit 807 in Fort
Lauderdale, Florida 33301.

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/Alfred E. Abiouness,
Jr. 

	
/s/Alfred Abiouness,
Sr. 

Alfred Abiouness, Sr.

Authorized Board
Member

Cotton Bay Holdings,
Inc.

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