NOTE 13 – SUBSEQUENT EVENTS

On April 1, 2016, the Company issued a total of 300,000 restricted common shares to members of its advisory committee (“Advisors”), valued at $75,000 (based on the fair value of the services on the date of grant) for outside advisory and consulting services pursuant to the Company’s 2015 Equity Incentive Plan. In the event of the voluntary or involuntary termination of Advisor’s service status for any reason (including death or Disability), with or without cause, the Company shall upon the date of such termination (the “Termination Date”) have an irrevocable, exclusive option for a period of three (3) months from such date to repurchase all or any portion of the unvested shares held by Advisor as of the Termination Date at the original purchase price of $0.25 per share.

There were no events subsequent to April 1, 2016, and up to the date of this filing that would require disclosure.