On April 29, 2013, Cortex Pharmaceuticals Inc. held a duly noticed telephonic meeting of its Board of Directors in which all directors of the company participated. Among the actions taken by the Board at the meeting, the Board, by unanimous vote, expanded the size of the Board from three to seven and further resolved to fill one of the vacancies created by that expansion, as permitted under the company's Bylaws, with Robert N. Weingarten. Mr. Weingarten was also appointed as a Vice President and the Chief Financial Officer of the Company, to serve until the next annual meeting of the Board of Directors.

Mr. Weingarten, is an experienced business consultant and advisor with an ongoing consulting practice. Since 1979 he has provided financial consulting and advisory services to numerous public companies in various stages of development, operation or reorganization. On July 8, 2010, Mr. Weingarten was appointed to the board of directors of Central African Gold Limited.