Note 13 ? Commitments and Contingencies Operating Leases On November 1, 2010, the Company began leasing office space in Colorado Springs. This lease has been renewed for an additional three-year term. Monthly rent begins at $694 per month and increases over the term of the lease. The Company is also responsible for paying a share of the landlord?s property operating costs. The renewal lease began in November 2013 and expires in October 2016. Rent expense amounted to $13,099 and $21,979 for the period ending June 30, 2014 and June 30, 2013, respectively and is included in selling, general and administrative expenses in the consolidated statements of operations. Future minimum lease payments under these operating leases are approximately as follows: Period Ending June 30, 2014 8,596 2015 15,256 2016 13,147 Total $ 36,998 Agreements with Placement Agents and Finders In April 2011, the Company engaged, a Costa Rican investment bank, as its exclusive agent to advise the Company on the structuring of corporate openness and equity placement with the following terms: ? To assist the Company in connection with a best efforts private placement of up to $9.5 million of the Company?s equity and/or debt securities ? Compensation ? a fee in an amount equal to 5% of the aggregate gross proceeds raised A former principal member of the board of directors of the Company is an employee of the investment bank. During the year ended December 31, 2011 the Company paid the investment bank fees of $262,000. The Company is disputing $195,400 of these fees. (See Note 4) Liability Purchase Agreement On March 19, 2014, the Circuit Court of the Second Judicial Circuit in and for Leon County, Florida, entered an order approving, among other things, the fairness of the terms and conditions of an exchange pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended, in accordance with a stipulation of settlement between STL Marketing Group, Inc., a Colorado corporation, and Tarpon Bay Partners, LLC, a Florida limited liability company