On January 10, 2018, Energous Corporation entered into a service continuation agreement with Michael Leabman, a member of the company's board of directors and its chief technology officer. Under the service continuation agreement, Mr. Leabman's employment relationship with the company terminates on January 11, 2018, and he agreed to serve as an independent contractor for the company for a two-year period, commencing immediately upon his termination. Mr. Leabman also agreed not to stand for re-election to the company's board of directors at the 2018 annual meeting of stockholders, which agreement was not due to any disagreement relating to the Company's operations, policies or practices.