On April 20, 2016, Lilis Energy, Inc.'s ("company") Board by resolution increased the size of the Board from five to seven members, resulting in two vacancies on the Board. As a result of the Merger, and effective June 23, 2016, Michael Pawelek and Peter Benz were appointed as new directors to fill such Board vacancies. Effective June 23, 2016, the Board appointed Michael Pawelek, age 57, as the company’s President. From January 20, 2012 to June 23, 2016, Mr. Pawelek was a member of Brushy’s Board of Directors and had served as Brushy Resources, Inc.'s Chief Executive Officer. In connection with the Merger and pursuant to the terms of the Merger Agreement Mr. Pawelek was appointed as a President of the company. Effective June 23, 2016, the Board appointed Edward Shaw, as the company’s Executive Vice President and Chief Operating Officer. Mr. Shaw previously served as Brushy’s Chief Operating Officer since its acquisition of the assets of ImPetro Resources, LLC on June 10, 2011. Mr. Shaw was Chief Operating Officer of ImPetro Resources, LLC from 2010-2011.