Board of Director Agreement - Cord Blood America Inc. and Rick Neeson
May 7, 2007
Mr. Rick Neeson
New Seasons Assisted Living
101 West Elm Street
Conshohocken, PA 19428
Dear Mr. Neeson:
By unanimous vote, the Board of Directors of Cord Blood America, Inc. (CBAI) has agreed to extend you this offer to join the company as a Member of its Board of Directors effective June 1, 2007.
Acceptance of the position as a Member of CBAI's Board of Director contains the following consideration:
A (2) two year term
A variable amount of restricted shares of CBAI.ob stock per year of service
All travel related expense reimbursement associated with Board requested activities.
Expense reimbursement for requested activities that further the business cause of CBAI
Officer and Director Liability Coverage
Mr. Neeson, your credentials speak for themselves and we are anxious to have you be an integral part of the growth of our organization. Your signature below constitutes acceptance of this offer. You can fax directly to my attention at 888-588-2673.
Please free to contact me at 888-882-2673 if you have any questions.
CEO and Chairman of Board, CBAI