On April 9, 2021, Mr. Peter R. Iodice presented to the Board of the Petro U.S.A. Inc. a letter of resignation whereby he resigned from his positions as Director, and President of the Company effective on April 9, 2021 due to health reasons. Mr. Carbona’s resignation was not the result of any disagreements with the Company on any matters relating to the Company’s operations, policies or practices.