January 17, 2003

OakLand Company

Marc Grimes

via fax: 407-656-1020

Dear Marc,

It gives me great pleasure to accept your project in Abaco, Bahamas into the Reef Ball Foundation’s Grant Program. .

As requested you are eligible to purchase Reef Ball Molds at the non-profit discount price as well as coral transplant kits. We ask that they only be used within your organization unless otherwise approved. Additionally, we require a monitoring program-two video updates per year for three years and please send us any press/newsletters relating to the Reef Balls. Please see our website for more information about grant requirements at www.reefball.org.

Please contact me or Todd Barber if you have any further questions. We look forward to working with you.

Sincerely,

Katherine Kirbo

Executive Director,

The Reef Ball Foundation

kathy@reefball.com