RE: RE: Waiting SUMMARY COMPENSATION TABLE
Erik Andersen
Chief Operating
Officer
2012..........166,032
2011..........139,627
2010..........132,242
(1) The Company previously engaged Mr. Morgan to provide consulting services at the rate of $650
per diem plus
expenses until December 31, 2011. Effective January 1, 2012, Mr. Morgan became an employee of the Company at a rate of
$200,000 per annum.
(2) The Company has engaged Mr. Gannon to provide consulting services at the rate of $125 per hour plus expenses (as
described under the heading “Employment and Consulting Agreements” below).
(3) The fair value of each option at the date of grant was estimated using the Black-Scholes option-pricing model to be
consistent with the audited financial statements and included the following assumptions: