On April 24, 2023, the Board of Directors of Paymentus Holdings, Inc. upon the recommendation of the Nominating and Corporate Governance Committee of the Board, expanded the size of the Board from seven to eight directors and appointed Arun Oberoi to fill the vacancy created by the expansion of the Board, effective April 27, 2023. Mr. Oberoi will be a Class III director whose term expires at the Company's 2024 Annual Meeting of Stockholders. Mr. Oberoi, age 68, is the former executive vice president, global sales and services, of Red Hat, a provider of enterprise open source software solutions, where he served from 2012 to 2021.

Prior to Red Hat, Mr. Oberoi was chief executive officer of Viridity Software from 2010 to 2012 and chief executive officer of Aveksa from 2008 to 2010. He served as an executive vice president of global sales and technical services of Micromuse (acquired by IBM in 2006) from 2004 to 2008. Prior to joining Micromuse, Mr. Oberoi held a series of senior executive positions at Hewlett-Packard, including vice president and general manager, worldwide corporate accounts and industries and as vice president and general manager, worldwide software sales and marketing.

Mr. Oberoi serves on the board of directors and the audit committee of Schrodinger, Inc. He also serves on the boards of Deeplite as well as Proofpoint and Talend, which are both portfolio companies of Thoma Bravo, L.P. Mr. Oberoi received his bachelor's degree from Delhi University and has an MBA from the Kellogg School of Management at Northwestern University.