On January 29, 2015, Mr. Timur Khromaev resigned as Chief Executive Officer, Chief Financial Officer, Treasurer and a member of the board of directors of GASE Energy, Inc. Mr. Khromaev's resignation was due to his recent appointment as the Head of Ukraine National Securities and Stock Market Commission and that such appointment does not permit him to work for any entities in the private sector. Mr. Khromaev's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Effective on January 30, 2015 and immediately after Mr. Khromaev's resignation, Ms. Larysa Prymenko was appointed as the Company's Chief Executive Officer, Chief Financial Officer, Treasurer and a member of the Company's board of directors.

Larysa Prymenko has been the Director of Corporation Finance Department of ARTA Securities since 2008, where she oversaw and managed the firm's services in areas of investment banking, mergers and acquisitions, corporate finance and fixed income.