On July 21, 2016, Yulia Lebedina resigned from the board of directors of Cleveland BioLabs, Inc. (the "company"). Ms. Lebedina did not resign because of a disagreement with the company or the other members of the Board on any matter relating to the company's operations, policies or practices. Effective July 21, 2016, the Board appointed Daniil Talyanskiy, Alexander Andryushechkin and Randy Saluck J.D., MBA, as replacement directors to fill the vacancies created by the resignations of Ms. Lebedina and the previously disclosed resignations of Messrs. Antal and McGowan on July 8, 2016. Saluck and Andryushechkin have been named to serve on the Board's Audit Committee, with Mr. Saluck acting as Chair. Additionally, Ms. Lea Verny, a director currently serving on the Board and the Audit Committee, was appointed Board Chair to fill the vacancy created by the resignation of Mr. McGowan. Randy S. Saluck, J.D., MBA, Mr. Saluck previously served as one of its directors from May 2013 until April 2016. Mr. Saluck has been the Managing Member of Mortar Rock Capital Management, LLC and the Portfolio Manager of Mortar Rock Capital LP, since 2005. Since 2015, Mr. Saluck has served as the Chief Financial Officer and Chief Strategic Officer of Accelerated Pharma, Inc. Mr. Saluck currently serves on the Board of Directors of the Connecticut Region of the Anti-Defamation League. Mr. Saluck will provide its board with stockholder perspective and experience in public finance and investor relationships. Daniil Talyanskiy, Mr. Talyanskiy has served as the Chief Business Officer of IBC Generium LLC, since 2011. Mr. Talyanskiy also currently serves as the First Deputy CEO of Generium JSC, and as a member of the Supervisory Board of co.don AG. Prior to joining IBC Generium LLC, from 2008 to 2011, Mr. Talyanskiy was the Head of Corporate University in UIC Oboronprom JSC. Alexander Andryushechkin, Mr. Andryushechkin currently serves as the Chief Financial Officer of Generium JSC. From 2012 to 2016, Mr. Andryushechkin was the Head of Finance of ASG LLC, a manufacturing company, where he was responsible for corporate finance and investment management. Also Mr. Andryushechkin was a member of the Board of Festival City LLC, where he focused on business development activities.