On March 29, 2018 Aura Systems, Inc. acted by written consent and voted to remove both Mr. Gary Wells and Mr. Michael Paritee for cause from the Aura Board of Directors and to remove Mr. Michael Sawruk, Mr. John M. Cochran and Mr. Jeffrey D. Cowan from the Aura Board of Directors. Mssrs. Sawruk, Cochran and Cowan were not removed for cause. Pursuant to that Written Consent of the Shareholders of Aura Systems, Inc., Mssrs. Wells, Paritee, Sawruk, Cochran and Cowan were removed effective March 29, 2018. The time of his removal, Mr. Wells served as the Chairman of the Board and as a member of the Audit Committee, the Nominating and Corporate Governance Committee and the Technology Committee. At the time of his removal, Mr. Paritee served as a member of the Compensation Committee and the Nominating and Corporate Governance Committee as well as Chairman of the Technology Committee. On March 29, 2018 the company entitled to vote in the election of members of Aura's board of directors delivered to the Company a Written Consent of the Shareholders of Aura Systems, Inc. by which such stockholders voted to elect Gary Douglas, Salvador Diaz-Verson, Jr., and William Anderson to serve as directors on the Company's Board of Directors. Pursuant to that Written Consent of the Shareholders of Aura Systems, Inc., Mssrs. Douglas, Diaz-Verson, Jr., and Anderson were elected as directors by stockholders effective March 29, 2018.
Aura Systems, Inc. (Aura) designs, assembles, tests, and sells its Axial Flux Induction Motor solution and mobile power known as the AuraGen for commercial and industrial applications and the VIPER for military applications. Its business model consists of components such as sales and marketing, design and engineering. Aura's sales and marketing approaches are composed of direct sales in North America and the use of agents and distributors in other areas. In North America, its primary focus is on mobile exportable power applications, electric vehicles applications, United States Military applications and industrial/commercial motor as well as mobile power applications. Its business model is focused on the design of new products and engineering support for sales activities. The engineering support consists of the introduction of new optimized power levels for electric motors and new features for its AuraGen/VIPER solution, such as torque solutions and different input and output voltages.
AURA SYSTEMS, INC. 
