On March 31, 2015, the board of directors of NanoFlex Power Corporation terminated the employment agreement with John D. Kuhns for Cause and removed him from his positions as Co-CEO, and from all other officer positions he held with the company and its subsidiaries and affiliates, and all director positions with the company's subsidiaries and affiliates. As of March 30, 2015, shareholders holding approximately 67.26% of the total shares of common stock of the company that are entitled to vote on all company matters approved by written consent the removal of John D. Kuhns from his position as a member of the company's board of directors.