On August 16, 2013, Mr. John Kroon resigned as Chairman and as a member of the Board of Directors of CoroWare, Inc., effective immediately. On August 16, 2013, Mr. Martin Nielson resigned as a member of the Board of Directors of the company, effective immediately. On August 16, 2013, Mr. Lloyd Spencer remains a member of the Board of Directors of the company and will serve as Chairman of the Board of Directors.

Mr. Spencer continues to serve as President and Chief Executive Officer.