Net Element CEO and leadership

Mr. Firer is an experienced leader and a visionary with the knowledge in international relations, corporate transactions, financial services, wireless technology and logistics. Mr. Firer served as the Executive Chairman of Unified Payments and has led the company from its inception until its acquisition by Net Element (NASDAQ: NETE) in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over 3-year period and Inc. Magazine ranked the company as #1 fastest-growing company in 2012. Prior to Unified Payments, Mr. Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Mr. Firer was recognized by Forbes as one of the 5 Incredible Entrepreneurs and by Business Leader Magazine as a Top Entrepreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami and recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Mr. Firer serves as the Executive Chairman of Net Element and a board/advisory member of various companies including: World Health Organization (WHO), Eastern Caribbean Blockchain Association, E2Exchange, Star Capital, Progressive Care, PharmCo, SarTeleMed and Gainfy Foundation. Mr. Firer holds a diplomatic rank of the Ambassador Extraordinary and Plenipotentiary.Mr. Firer supports the initiatives of the Firer Family Charitable Foundation, the charitable family fund focused on helping families and children in need. In addition Mr. Firer serves on various committees of Electronic Transaction Association (ETA). Specialties: Through his past experience, Mr. Firer embodies an experienced leader with the knowledge and capabilities to lead the growing company into the future with great expectations. The success he has had in the past includes experience as a senior operations manager, building presence and generating profitability in highly competitive markets. He also has proven achievements in new product launch, new market development and establishing market presence.

Steven Wolberg has been Chief Legal Officer and Secretary of Net Element since April 16, 2013. Mr. Wolberg served in various capacities with Acies Corporation from approximately January 2009 until December 2012, including as a consultant from approximately January 2009 until October 2009, as a director from October 30, 2009 until December 2012 and as Chief Strategy Officer from March 1, 2010 until December 2012. Mr. Wolberg currently operates a solo law practice in Newton, Massachusetts, Attorney Steven Wolberg, which he has operated since January 1997. Mr. Wolberg served as Chief Counsel and Vice President of Corporate Development for Mascot Networks in Cambridge, Massachusetts from January 2000 to September 2001. Since September 1996, Mr. Wolberg has served as president of Oakland Properties, Inc., a real estate development company. From February 1993 to December 1994, Mr. Wolberg served as an attorney in the real estate and corporate divisions of Brown and Rudnick in Boston, Massachusetts. From March 1988 to November 1991, Mr. Wolberg was a partner with the law firm of Jordaan and Wolberg in Johannesburg, South Africa. From January 1986 to February 1988, Mr. Wolberg was employed as an attorney with Goodman and North in Johannesburg, South Africa. Mr. Wolberg also currently owns and serves as the Managing Member of Prime Portfolios, LLC, which holds a private investment portfolio of payment processing companies. Mr. Wolberg received his Bachelor of Arts from the University of Witwatersrand in Johannesburg, South Africa, his Bachelors of Laws from the University of Witwatersrand, in Johannesburg, South Africa, and his Juris Doctorate from the New England School of Law in Boston, Massachusetts. Mr. Wolberg is a member of the Massachusetts Bar Association.

Professional executive in field of payment processing, merchant services, high risk processing, POS systems, payment gateways and other payments-related value added services, high-level project manager and software architect with more then ten years of professional development and management experience, with wide variety of web, mobile and data processing technologies.Management of multiple international divisions. CTO at Net Element Inc. NASDAQ: NETEExpert in field of payment processing, merchant services, POS systems and payment gateways.

Jeffrey Ginsberg is a Chief Financial Officer at Net Element Inc. He has worked as VP Finance/Controller at Unified Payments and VP:Finance/Controller at Net Element Inc. Jeffrey studied at Queens' College Cambridge.