Net Element

Net Element, Inc.

Type	Public
Traded as	NASDAQ: NETE NASDAQ Composite Russell 2000 Russell 3000 Index
Industry	Technology
Founded	2004 (2004)
Headquarters	United States - (Miami, FL) CIS - (Moscow, Russia)
Area served	Worldwide
Key people	Kenges Rakishev (Chairman) Oleg Firer (Chief Executive Officer)
Services	Mobile Payments, Payment Services, Financial Services,
Number of employees	96 (2013)
Website	www.netelement.com

Net Element, Inc. (NASDAQ: NETE) is an American company in the mobile payments sector in emerging markets and in the United States.

The company owns and operates a global mobile payments and transaction processing provider, TOT Group, Inc. (“TOT Group”). TOT Group companies include Unified Payments, recognized by Inc. Magazine as the #1 Fastest Growing Private Company in America in 2012, Aptito, a next generation cloud-based point of sale payments platform and TOT Money, a leading provider of mobile payments, SMS messaging and mobile billing solutions.

The company has U.S. headquarters in Miami, Florida and international headquarters in Moscow, Russia.

Net Element International, Inc. (“Net Element International”) was incorporated on April 20, 2010 as a Cayman Islands exempted company with limited liability under the name Cazador Acquisition Corporation Ltd. (“Cazador”). Cazador was a blank check company incorporated for the purpose of effecting a merger, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses or assets.

On October 2, 2012, Net Element International completed a merger (the “Merger”) with Net Element, Inc., a Delaware corporation (“Net Element”), which was a company with businesses in the online media and mobile commerce payment processing markets. Immediately prior to the effectiveness of the Merger, Net Element International (then known as Cazador Acquisition Corporation Ltd.) changed its jurisdiction of incorporation by discontinuing as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware. Effective upon consummation of the Merger, (i) Net Element was merged with and into Net Element International, resulting in Net Element ceasing to exist and Net Element International continuing as the surviving company in the Merger, and (ii) the Company changed its name to Net Element International. Following the Merger, Net Element International’s business consists of the former business of Net Element.