The Board of Basic Energy Corporation in its regular meeting held on November 26, 2019 at its principal office at which a quorum was present and upon motion duly seconded approved the following: 1) Accepted the resignation of Mr. Oscar S. Reyes, as Independent Director effective November 30, 2019, and the appointment as Vice-Chairman of the Advisory Board. 2) Retirement of Atty. Corazon M. Bejasa as Corporate Secretary/VP for Legal and Administration effective December 17, 2019. 3) Appointment of Ma. Florina M. Chan as Chairman of the Risk Committee vice Jaime J. Martirez.