Lilis Energy, Inc. appointed Brennan Short as Chief Operating Officer of Company, effective immediately. In connection with his appointment, Mr. Short entered into an employment agreement with the Company. The initial term of the agreement is scheduled to end on December 31, 2017, and the agreement will renew automatically for additional one-year periods beginning on December 31, 2017, unless either party gives notice of non-renewal at least 180 days before the end of the then-current term. Prior to his appointment as Chief Operating Officer of the Company, the Company engaged Mr. Short in a consulting capacity beginning in November, 2016. Prior to joining the Company, Mr. Short, age 42, most recently held the position of President at MMZ Consulting Inc. from May 2012 to January 2017, where he provided full cycle drilling & completions engineering and operational support to multiple clients.