On July 2, 2014, Legend Oil and Gas Ltd. received the resignation of James Vandeberg, from the positions of the company's non-employee Chief Financial Officer, Secretary and Director, effective immediately. On July 2, 2014, the company announced the appointment of Warren S. Binderman, 50, as the company's non-employee Executive Vice President, CFO and Principal Accounting Officer, commencing on July 3, 2014. Prior to assuming this position with the company, since 2007, Mr. Binderman serves and has served as the President and Managing Director of Binderman Group, LLC.