On September 6, 2017, the Board of Directors of Lilis Energy, Inc. appointed G. Tyler Runnels and Mark Christensen to serve as non-employee directors of the Board, effective immediately. Mr. Runnels previously served on the Board from November 21, 2014 through January 13, 2016. Since January 1, 2016, Mr. Christensen has been involved in the following related party transactions with the Company, through Trace Capital Inc.