On March 7, 2018, the Board of Directors of Net Element, Inc. appointed, effective March 8, 2018, Mr. Jon Najarian as a Director of the company to fill the vacancy from Mr. William Healy’s resignation on June 30, 2017 as a Director of the company and as a member of the Company’s Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee until the next annual stockholders' meeting of the Company and when his successor is elected and shall qualify. Mr. Najarian, is an accomplished financial industry veteran with more than 31 years of financial and capital markets industry experience. Mr. Najarian is also well-versed in cryptocurrency and blockchain technologies. Mr. Najarian is a professional investor, money manager and media analyst. He is a co-founder of Investitue, LLC which recently launched “Crypto Basics,” a new educational course that covers the basics of cryptocurrency, blockchain technology, altcoins and Initial Coin Offerings (ICOs).