On February 23, 2017, Ryan Levenson notified Cicero Inc. of his resignation from the Company’s Board of Directors, effective immediately. Pursuant to Section 7(f) of the Investor Rights Agreement by and among the Company, Privet Fund LP (“Privet Fund”) and John L. Steffens dated July 15, 2015, Privet Fund also notified the Company of its intent to designate Benjamin L. Rosenzweig as a replacement designee to the Board to fill the vacancy resulting from Mr. Levenson’s resignation. Effective February 23, 2017, the Board appointed Mr. Rosenzweig to the Board. Mr. Rosenzweig is currently a partner at Privet Fund Management LLC. Prior to joining Privet Fund Management LLC in September 2008, Mr. Rosenzweig served as an investment banking analyst in the corporate finance group of Alvarez and Marsal from June 2007 until May 2008, where he completed multiple distressed mergers and acquisitions, restructurings, capital formation transactions and similar financial advisory engagements across several industries. Mr. Rosenzweig is currently a Director of Startek Inc., PFSweb Inc. and Hardinge Inc. Mr. Rosenzweig formerly served as a Director of RELM Wireless Corp.