As previously disclosed in Current Reports on Form 8-K filed with the Securities and Exchange Commission by Mullen Automotive Inc. (Net Element, Inc.) (the company"), on July 21, 2021 and August 19, 2021 (collectively, the Merger Current Report"), the company entered into a Second Amended and Restated Agreement and Plan of Merger, as amended by a First Amendment entered into on August 18, 2021, with Mullen Technologies, Inc., a California corporation (Mullen Technologies), Mullen Acquisition, Inc., a California corporation and wholly owned subsidiary of the Company (Merger Sub), and Mullen Automotive, Inc., a California corporation (Mullen Automotive-California") and a wholly-owned subsidiary of Mullen Technologies, providing for the merger of Merger Sub with and into the Mullen Automotive (the Merger"), with Mullen Automotive-California surviving the Merger as a wholly-owned subsidiary of the company. On the Closing Date and as contemplated by the terms of the Merger Agreement, Oleg Firer, John Roland, Jon Najarian, and Todd Raarup each resigned as a director of the Company (including any committee of the board of directors of the Company) and Jeffrey Ginsberg, Andrey Krotov, Vlad Sadovskiy, and Steven Wolberg resigned as officers of the Company. Also on the Closing Date and as contemplated by the terms of the Merger Agreement, the following individuals were appointed as officers of the company: Jerry Alban as Chief Operating Officer and Mary Winter as Secretary. David Michery as Chief Executive Officer and Kerri Sadler as Chief Financial Officer.