On February 24, 2016, Misti Ushio informed Harris & Harris Group, Inc. of her intention to resign as Chief Strategy Officer and Managing Director, effective as of February 29, 2016, in order to pursue her role as Chief Executive Officer of TARA Biosystems, Inc. Ms. Ushio has agreed to provide certain consulting services to the company with respect to certain of the company's portfolio companies on an as-needed basis.