On January 27, 2016, Peachstate Health Management LLC, d/b/a AEON Clinical Laboratories (“AEON”) was merged into a newly formed acquisition subsidiary of Authentidate Holding Corp. (the “company”, “Authentidate” or “AHC”), pursuant to a definitive agreement and plan of merger dated November 18, 2015, as amended and restated on January 26, 2016. The merger agreement provides that the effective as of the closing, Luce, Borus and Bonnet resigned from the Board of Directors of AHC.

Mr. Bonnet also resigned as the Chief Executive Officer and President of AHC. Sonny Roshan, the current Chairman of AEON and Richard Hersperger, the current Chief Executive Officer of AEON have been appointed to the nine member Board of Directors of AHC. The appointments of Roshan and Hersperger as directors will become effective 10 days following the filing of Form 14-f with the SEC, as required in connection with a transaction that may result in a change of control.

The appointments to become effective on or about February 10, 2016. William P. Henry a member of its board of directors, has served as interim chief strategy officer of AHC since July 2015. The company had entered into an employment agreement with Mr. Henry concerning his employment with the company.

Effective with the closing of the Merger, Mr. Henry's employment agreement, and his employment as the Interim Chief Strategy Officer of the company, terminated. Further, at closing, Mr. Henry was appointed as Chief Operating Officer of the company.