On August 9, 2018 each of Hussein A. Enan and Gregory J. Duman resigned from Prism Technologies Group, Inc.'s board of directors. Neither Mr. Enan nor Mr. Duman had a disagreement with Prism on any matter relating to Prism's operations, policies or practices. Concurrently with the resignations above, Mr. Jonathon R. Skeels, Mr. Richard S. Chernicoff and Mr. Connor Mowles were appointed to Prism's board of directors.

Jonathon R. Skeels' business address is care of Novelty Capital, LLC, 620 Newport Center Drive, 11 Floor, Newport Beach, CA 92660. Mr. Skeels' principal occupation is an investor. Mr. Skeels does not beneficially own any shares of the registrant's capital stock.

Jonathon R. Skeels has served as Managing Partner of Novelty Capital, LLC and various affiliated entities since June 2014. Mr. Skeels was Vice President and Director of IP Navigation Group, LLC from September 2012 to June 2014 where he was responsible for business development, corporate finance and various investment activities. Richard S. Chernicoff's principal occupation is an entrepreneur.

Mr. Chernicoff has no interest (of record, beneficially or derivatively) in Prism's securities. Mr. Chernicoff served as Great Elm Capital Group, Inc.'s interim chief executive officer from July 2016 to September 2017. Mr. Chernicoff was a member of Great Elm Capital Group, Inc.'s board of directors from March 2014 to March 2018, as its Lead Independent Director from April 2014 to October 2015 and as chairman of its board from October 2015 to July 2016.

Additionally, on August 9, 2018, Mr. Enan resigned as Prism's Chief Executive Officer and Mr. Duman resigned as Prism's Chief Financial Officer. On August 9, 2018, Mr. Skeels assumed such offices on an interim basis.