On September 30, 2019, Yuma Energy, Inc.'s Board increased the size of the Board from three members to four members and appointed J. Christopher Teets to fill the vacancy, which was contemplated by the Restructuring and Exchange Agreement dated September 30, 2019 (the Restructuring Agreement) by and among the company and certain of its subsidiaries, Red Mountain Capital Partners LLC, (Red Mountain), RMCP PIV DPC, LP, affiliate of Red Mountain (DPC PIV), RMCP PIV DPC II, LP, an affiliate of Red Mountain (DPC PIV II and together with Red Mountain and DPC PIV, the Investors), and YE Investment LLC, an affiliate of Red Mountain (YE). Mr. Teets, age 47, has served as a Partner of Red Mountain, an investment management firm, since February 2005.