On January 8, 2016, ZaZa Energy Corporation accepted the resignation of Todd Brooks, the company's President & Chief Executive Officer. Mr. Brooks' resignation was pursuant to the Good Reason clause of his Employment Agreement on the basis that the company had failed to pay him his required salary under the Employment Agreement. His resignation is effective as of January 8, 2016.

On January 8, 2016, the company accepted the resignation of Charles Ngo, the company's Chief Accounting Officer and principal financial officer. Mr. Ngo's resignation was due the company failing to pay him a salary. His resignation is effective as of November 10, 2015.

Following the preceding resignations, the company no longer has any officers or employees. On January 8, 2016, each of the following Directors of the Company tendered their resignations: Herbert Williamson IV, Travis H. Burris, A. Haag Sherman, Gaston Kearby, John Hearn, and Todd A. Brooks. The company has been unable to pay the directors their fees for board and committee service or to reimburse their expenses for more than a year.