On December 9, 2013, Ms. Johnnie Zarecor resigned as a Director and the Secretary of Great East Energy, Inc. Resignation of Ms. Zarecor was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On December 9, 2013, Mr. Michael Doron resigned as the Chief Executive Officer, Chief Financial Officer and the Treasurer of the Company, and was appointed the Chairman and the Secretary of the Company. On December 9, 2013, Mr. Timur Khromaev was appointed as a Director, Chief Executive Officer, Chief Financial Officer and Treasurer of the Company.

Mr. Khromaev, is an advisor at ARTA where until September 2013 he managed investment banking, corporate finance, brokerage and asset management departments. Prior to co-founding ARTA in 2002, Mr. Khromaev was a Deputy Chairman of the Board at Closed Corporation TAS-Invest Bank.