On September 15, 2023, Bristol Capital Advisors LLC announced that it has entered into a cooperation agreement with Research Solutions, Inc. Bristol Capital Advisors stated that under the terms of the Cooperation Agreement, Peter Derycz's employment would be terminated without cause, and he would resign from the Board, any committees thereof on which he currently serves, and any other positions that he holds with the Company and any of its subsidiaries. Bristol Capital Advisors also stated that the Company further agreed to identify and appoint an independent director, to be mutually agreed upon by Bristol Capital Advisors and the Board, to fill the resulting vacancy. Bristol Capital Advisors added that pursuant to the Cooperation Agreement, Bristol Capital Advisors irrevocably withdrew its notice of intent to nominate director candidates for election to the Board at the Company's 2023 annual meeting of shareholders and to cease all solicitations of proxies in connection with the annual meeting.