On August 27, 2013, John P. Blake submitted to Arista Power, Inc. his resignation as a member of the Board of Directors of the Company. Mr. Blake's resignation was accepted by the Board on August 27, 2013. At the time of his announcement, Mr. Blake served as the Chairman of the Corporate Governance and Nominating Committee of the Board.

Mr. Blake's decision to resign from the Board was solely due to personal reasons. On August 27, 2013, the Board of Directors of the Company elected Ira A. Greenstein as a member of the Board of Directors of the Company effective August 27, 2013. Mr. Greenstein will be a Class III Director and with his current term ending at the Annual Meeting of Shareholders to be held in 2015.

On August 27, 2013, Mr. Greenstein was named the Chairman of the Compensation Committee of the Board and the Chairman of the Corporate Governance and Nominating Committee of the Board. Mr. Greenstein currently serves as President of Genie Energy Ltd., which, through its IDT Energy subsidiary, supplies electricity and natural gas to residential and small business customers in New York, New Jersey, Pennsylvania and Maryland. Genie Energy holds and manages interests in oil shale and other oil development projects in Colorado and Israel.