On August 7, 2014, Richard J. Berman, JD/MBA voluntarily resigned from the board of directors of QuantumSphere, Inc., effective immediately. There were no disagreements between Mr. Berman and the company or any officer or director of the company which led to Mr. Berman's resignation. Mr. Berman served on the board of directors since April 2014.

With his resignation, Mr. Berman also resigned from his role as a member of the company's Audit and Compensation Committees.