On November 21, 2014, Latitude 360, Inc. entered into an employment agreement with Ken H. Adams, pursuant to which Mr. Adams will serve as the company's Chief Financial Officer, effective as of December 1, 2014. Prior to joining the company, Mr. Adams, age 63, served as an executive in the hospitality and restaurant industry for almost 25 years and, prior to that, working as a CPA with an international accounting firm.