June 14, 2002

Nantucket Beach Foundation

Jonathan D. Betts, President

Via fax 860-828-3320

Dear Mr. Betts,

It gives me great pleasure to accept The Nantucket Beach Foundation into the Reef Ball Foundation’s Grant Program, Reefs Around The World. The Reef Ball Foundation places a high priority on environmental education and preservation programs and your mission and bylaws demonstrates that your organization places a strong emphasis on these types of projects as well as the restoration of the ocean eco-systems.

It will be in your programs best interest to confer with us about the parameters of your project as it evolves. With your project goals in mind, we can select the most appropriate size molds for your project and give your group some helpful advice from past experiences. Please call and we will be happy to assist in designing the ideal program for your specific goals.

Under the guidelines of our grant program, Nantucket Beach Foundation qualify for a 40% reduced price off Reef Ball molds, a 10% discount off finished Reef Balls and 1/3 reduction off Reef Ball training fees. As with the terms of the grant program, we ask that your implement a monitoring program and send us press clippings and periodic progress reports pertinent to Reef Ball activities. (2 video monitorings per year for 3 years.)

We look forward to working with you in creating an exceptional Reef Ball project. Please contact us if you have any further questions regarding the terms of the grant program.

Sincerely,

Katherine Kirbo

Executive Director,

The Reef Ball Foundation