On February 6, 2015, the board of directors of NanoFlex Power Corporation (the Company) appointed John D. Kuhns, current Executive Chairman of the Board, as co-Chief Executive Officer of the Company with Dean L. Ledger remaining as co-Chief Executive Officer and replacing Ms. Amy B. Kornafel as Chief Financial Officer. Mr. Robert J. Fasnacht, former President and Chief Operating Officer, was appointed as Executive Vice President. Ms. Amy B. Kornafel resigned as Chief Financial Officer of the Company as of December 31, 2014.

Her Resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.