Acceptance of Appointment to Board of Directors by Robert M. Fortson IV for Cotton Bay Holdings, Inc.
This agreement confirms that Robert M. Fortson IV has accepted an invitation to join the Board of Directors of Cotton Bay Holdings, Inc., a Delaware corporation. By signing, Mr. Fortson agrees to fulfill his duties as a board member in accordance with applicable laws, SEC regulations, and the company's bylaws. The appointment is further governed by a separate Advisory Board Consulting and Compensation Agreement. The agreement outlines the expectations for Mr. Fortson's service and formalizes his role within the company.
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 ***@*** or ###-###-#### 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 Directors
