13.	EQUITY BASED COMPENSATION FOR CONSULTING, LEGAL, AND OTHER PROFESSIONAL SERVICES

Equity based compensation is presented on the face of the Statement of Stockholders’ Deficit for the years ended December 31, 2014 and 2013. More information on the significant components of the amounts presented for the years ended December 31, 2014 and 2013 follows:

For the years ended December 31, 2014 and 2013, the Company converted $54,000, and $54,000, respectively, of accrued compensation to 10,842,129 and 959,870 restricted stock, respectively, based upon the weighted average stock price per share during the months the services were rendered. For additional information see Note 7. RELATED PARTIES - Equity based compensation to employee

On March 27, 2013, the Company entered into a consulting agreement for financial strategic advisory services for a term of twelve months from the date of the agreement, which could be terminated by either party within 30 days written notice and any monies owed due upon termination. As initial fee, the Company paid the consultant $25,000 in restricted stock during the three months ended March 30, 2013. Further, upon obtaining $5,000,000 new capital into the Company, the consultant will be due $500,000, upon successfully obtaining a second $500,000 commitment of new capital, $50,000 will be due to the consultant, upon successfully obtaining a third $500,000 commitment of new capital, and the same arrangement through eleven additional commitment of new capital. Amounts due shall be paid in cash and any brokerage commissions, private placement fees or other fees in connection with obtaining the new capital shall be reduced from the fees due the consultant on a dollar per dollar basis.