In Re Mullen Automotive, Inc. Securities Litigation

CLAIMANT INFORMATION

(Please read General Instructions below before completing this page.)

The Claims Administrator will use this information for all communications regarding this Claim Form. If this information changes, you MUST notify the Claims Administrator in writing at the address above.

Beneficial Owner’s Name:

Co-Beneficial Owner’s Name:

Entity Name (if Claimant is not an individual):

Representative or Custodian Name (if different from Beneficial Owner(s) listed above):

Address 1 (street name and number): *

Address 2 (apartment, unit, or box number):

Country: *

City: *

State: *

Zip Code: *

Telephone Number (day): *

Telephone Number (evening):

Email Address: (email address is not required, but if you provide it you authorize the Claims Administrator to use it in providing you with information relevant to this claim)

Account Number (if filing for multiple accounts, file a separate Claim Form for each account)²

Claimant Account Type: *

²If the account number is unknown, you may leave blank. If the same legal entity traded through more than one account you may write “multiple.” Please see paragraph 11 of the General Instructions for more information on when to file separate Claim Forms for multiple accounts, i.e., when you are filing on behalf of distinct legal entities.

PART III – SCHEDULE OF TRANSACTIONS IN MULLEN COMMON STOCK

Complete this Part III if and only if you purchased/acquired Mullen Common Stock during the period from June 15, 2020 through April 17, 2022, inclusive. Please include proper documentation with your Claim Form as described in detail in Part II – General Instructions, Paragraph 10, above. Do not include information in this section regarding securities other than Mullen Common Stock.⁵

1. BEGINNING HOLDINGS – State the total number of shares of Mullen Common Stock held as of the opening of trading on June 15, 2020. (Must be documented.) If none, write “zero” or “0.” *

Proof Provided

2. PURCHASES/ACQUISITIONS DURING THE SETTLEMENT CLASS PERIOD – Separately list each and every purchase/acquisition (including free receipts) of Mullen Common Stock from after the opening of trading on June 15, 2020, through and including the close of trading on April 17, 2022. (Must be documented.)

Date of Purchase/ Acquisition (List Chronologically) (Month/Day/Year): *

Ticker Symbol (NETE or MULN): *

Number of Shares Purchased/Acquired: *

Purchase/Acquisition Price Per Share: *

Total Purchase/Acquistion Price: *

If applicable, fill in below for each transaction. “O” – Exercise of Stock Option “NP” – Mullen Common Stock Acquired through the Exercise, Conversion, or Exchange of Non-Publicly Traded Securities “RM” – Mullen Common Stock issued to former Mullen Technology, Inc. security holders pursuant to closing of Reverse Merger

Proof of Purchase Enclosed:

Must click Add Purchase to submit your transactions.

Trade Date

Ticker Symbol (NETE or MULN)

Quantity

Price

Net Amount

Issue Type

Proof of Purchase Enclosed

Action

3. PURCHASES/ACQUISITIONS DURING THE 90-DAY LOOKBACK PERIOD – State the total number of shares of Mullen Common Stock purchased/acquired (including free receipts) from after the opening of trading on April 18, 2022, through and including the close of trading on July 13, 2022. If none, write “zero” or “0.” If none, enter "0."⁶

4. SALES DURING THE SETTLEMENT CLASS PERIOD AND DURING THE 90-DAY LOOKBACK PERIOD – Separately list each and every sale/disposition (including free deliveries) of Mullen Common Stock from after the opening of trading on June 15, 2020, through and including the close of trading on July 13, 2022. (Must be documented.)

Date of Sale (List Chronologically) (Month/Day/Year) *

Ticker Symbol (NETE or MULN): *

Number of Shares Sold *

Sale Price Per Share: *

Total Sale Price (excluding taxes, commissions, and fees): *

Confirm Proof of Sale Enclosed:

Must click Add Sale to submit your transactions.

Trade Date

Ticker Symbol

Quantity

Price

Net Amount

Confirm Proof of Sale Enclosed

Action

5. ENDING HOLDINGS – State the total number of shares of Mullen Common Stock held as of the close of trading on July 13, 2022. (Must be documented.) If none, write “zero” or “0.” *

Proof Provided

⁵Herein, “Mullen Common Stock” refers to: (i) the common stock of Net Element Inc., listed on the NASDAQ under the symbol “NETE” through November 4, 2021; and (ii) the common stock of Mullen Automotive Inc., that commenced trading on the NASDAQ on November 5, 2021, under the ticker symbol “MULN” following the merger of Mullen Tech and Net Element.

⁶Please note: Information requested with respect to your purchases/acquisitions of Mullen Common Stock from after the opening of trading on April 18, 2022, through and including the close of trading on July 13, 2022, is needed in order to balance your claim; purchases/acquisitions during this period, however, are not eligible under the Settlement and will not be used for purposes of calculating your Recognized Loss pursuant to the Plan of Allocation.

PART IV– SCHEDULE OF TRANSACTIONS IN MULLEN CALL OPTIONS

Complete this Part IV if and only if you purchased/acquired Mullen Call Options during the period from June 15, 2020 through April 17, 2022, inclusive. Please include proper documentation with your Claim Form as described in detail in Part II – General Instructions, Paragraph 10, above. Do not include information in this section regarding securities other than Mullen Call Options.⁷

1. BEGINNING HOLDINGS – Separately list all positions in Mullen Call Option contracts in which you had an open interest as of the opening of trading on June 15, 2020. (Must be documented.)

Strike Price of Call Option Contract: *

Expiration Date of Call Option Contract (Month/Day/Year): *

Number of Call Option Contracts in Which You Had an Open Interest (including any short holdings): *

Confirm Proof of Beginning Holdings:

Must click Add to submit your transactions.

Strike Price

Expiration Date

Quantity

Confirm Proof of Purchase Enclosed

Action

2. PURCHASES/ACQUISITIONS DURING THE SETTLEMENT CLASS PERIOD THROUGH APRIL 18, 2022 – Separately list each and every purchase/acquisition (including free receipts) of Mullen Call Option contracts from after the opening of trading on June 15, 2020 through and including the close of trading on April 18, 2022. (Must be documented.)

Date of Purchase/ Acquisition (Month/Day/Year): *

Strike Price of Call Option Contract: *

Expiration Date of Call Option Contract (Month/Day/Year): *

Number of Call Option Contracts Purchased/Acquired: *

Purchase/Acquisition Price Per Call Option Contract: *

Total Purchase/Acquisition Price: *

Select “E” if Exercised, "A" if assigned, “X” if Expired:

Exercise Date (Month/ Day/ Year): *

Confirm Proof of Purchase Enclosed:

Must click Add Purchase to submit your transactions.

Trade Date

Expiration Date

Strike Price

Trade Status

Status Date

Quantity

Price

Net Amount

Proof of Purchase Enclosed

Action

3. SALES DURING THE SETTLEMENT CLASS PERIOD THROUGH APRIL 18, 2022 – Separately list each and every sale/disposition (including free deliveries) of Mullen Call Options from after the opening of trading on June 15, 2020, through and including the close of trading on April 18, 2022. (Must be documented.)

Date of Sale (Month/Day/Year): *

Strike Price of Call Option Contract: *

Expiration Date of Call Option Contract (Month/Day/Year): *

Number of Call Option Contracts Sold: *

Sale Price Per Call Option Contract: *

Total Sale Price (excluding taxes, commissions, and fees): *

Confirm Proof of Sales Enclosed:

Must click Add Sale to submit your transactions.

Trade Date

Expiration Date

Strike Price

Quantity

Price

Net Amount

Proof of Purchase Enclosed

Action

4. ENDING HOLDINGS – Separately list all positions in Mullen Call Option contracts in which you had an open interest as of the close of trading on April 18, 2022. (Must be documented.)

Strike Price of Call Option Contract: *

Expiration Date of Call Option Contract (Month/Day/Year): *

Number of Call Option Contracts in Which You Had an Open Interest: *

Confirm Proof of Closing Holdings:

Must click Add to submit your transactions.

Strike Price

Expiration Date

Quantity

Confirm Proof Enclosed

Action

⁷Herein, “Mullen Call Options” refers to: (i) exchange traded call options with Net Element common stock (ticker symbol “NETE”) as the underlying security through November 4, 2021; and (ii) exchange traded call options with Mullen Auto common stock (ticker symbol “MULN”) as the underlying security commencing November 5, 2021. On November 5, 2021, the option symbol for Mullen Call Options changed from “NETE” to “MULN.”

PART V – SCHEDULE OF TRANSACTIONS IN MULLEN PUT OPTIONS

Complete this Part V if and only if you sold (wrote) Mullen Put Options during the period from June 15, 2020 through April 17, 2022, inclusive. Please include proper documentation with your Claim Form as described in detail in Part II – General Instructions, Paragraph 10, above. Do not include information in this section regarding securities other than Mullen Put Options.⁸

1. BEGINNING HOLDINGS – Separately list all positions in Mullen Put Option contracts in which you had an open interest as of the opening of trading on June 15, 2020. (Must be documented.)

Strike Price of Put Option Contract: *

Expiration Date of Put Option Contract (Month/Day/Year): *

Number of Put Option Contracts in Which You Had an Open Interest (including any short holdings): *

Confirm Proof of Beginning Holdings:

Must click Add to submit your transactions.

Strike Price

Expiration Date

Quantity

Confirm Proof Enclosed

Action

2. SALES (WRITING) DURING THE SETTLEMENT CLASS PERIOD THROUGH APRIL 18, 2022 – Separately list each and every sale (writing) (including free deliveries) of Mullen Put Option contracts from after the opening of trading on June 15, 2020, through and including the close of trading on April 18, 2022. (Must be documented.)

Date of Sale (Writing) (Month/Day/Year): *

Strike Price of Put Option Contract: *

Expiration Date of Put Option Contract (Month/Day/Year): *

Number of Put Option Contracts Sold(Written): *

Sale Price Per Put Option Contract: *

Total Sale Price (excluding taxes, commissions, and fees): *

Insert an "E" if Exercised Insert an “A” if Assigned Insert an “X” if Expired:

Exercise Date (Month/ Day/ Year): *

Confirm Proof Enclosed:

Must click Add Sale to submit your transactions.

Trade Date

Strike Price

Expiration Date

Trade Status

Status Date

Quantity

Price

Net Amount

Proof of Purchase Enclosed

Action

3. PURCHASES/ACQUISITIONS DURING THE SETTLEMENT CLASS PERIOD THROUGH APRIL 18, 2022 – Separately list each and every purchase/acquisition (including free receipts) of Mullen Put Option contracts from after the opening of trading on June 15, 2020, through and including the close of trading on April 18, 2022. (Must be documented.)

Date of Purchase/ Acquisition (Month/Day/Year): *

Strike Price of Put Option Contract: *

Expiration Date of Put Option Contract (Month/Day/Year): *

Number of Put Option Contracts Purchased/Acquired: *

Purchase/Acquisition Price Per Put Option Contract: *

Total Purchase/Acquisition Price: *

Confirm Proof Enclosed:

Must click Add Purchase to submit your transactions.

Trade Date

Strike Price

Expiration Date

Quantity

Price

Net Amount

Confirm Proof Enclosed

Action

4. ENDING HOLDINGS – Separately list all positions in Mullen Put Option contracts in which you had an open interest as of the close of trading on April 18, 2022. (Must be documented.)

Strike Price of Put Option Contract: *

Expiration Date of Put Option Contract (Month/Day/Year): *

Number of Put Option Contracts in Which You Had an Open Interest (including any short holdings): *

Confirm Proof of Closing Holdings:

Must click Add Closing Holdings Info to submit your transactions.

Strike Price

Expiration Date

Quantity

Confirm Proof Enclosed

Action

⁸Herein, “Mullen Put Options” refers to: (i) exchange traded put options with Net Element common stock (ticker symbol “NETE”) as the underlying security through November 4, 2021; and (ii) exchange traded put options with Mullen Auto common stock (ticker symbol “MULN”) as the underlying security commencing November 5, 2021. On November 5, 2021, the option symbol for Mullen Put Options changed from “NETE” to “MULN.”

UPLOAD SUPPORTING DOCUMENTS

All supporting documentation for your positions and transactions should be uploaded to this page prior to moving on to the next step in your online claim submission.

Please use the browse option, by clicking on “Select Files” in the box below, to upload your supporting documentation being submitted to verify all of your positions and transactions.

Select files

Files To Be Uploaded	Size	Action

PART VI – RELEASE OF CLAIMS AND SIGNATURE
YOU MUST ALSO READ THE RELEASE AND CERTIFICATION BELOW AND SIGN ON PAGE 10 OF THIS CLAIM FORM.

I (We) hereby acknowledge that as of the Effective Date of the Settlement, pursuant to the terms set forth in the Stipulation, I (we), on behalf of myself (ourselves) and on behalf of any other Person legally entitled to bring Released Plaintiff’s Claims (as defined in the Stipulation and in the Settlement Notice) on my (our) behalf in such capacity only, shall be deemed to have, and by operation of law and of the judgment shall have, fully, finally and forever compromised, settled, released, resolved, relinquished, waived, and discharged each and every Released Plaintiff’s Claim against the Defendants and the other Released Defendants’ Parties (as defined in the Stipulation and in the Settlement Notice), and shall forever be barred and enjoined from prosecuting, directly or indirectly, representatively, or in any other capacity, any or all of the Released Plaintiff’s Claims against any of the Released Defendants’ Parties.

CERTIFICATION

By signing and submitting this Claim Form, the Claimant(s) or the Person(s) who represent(s) the Claimant(s) certifies (certify) as follows:

1. that I (we) have read and understand the contents of the Settlement Notice and this Claim Form, including the releases provided for in the Settlement and the terms of the Plan of Allocation;

2. that the Claimant(s) is a (are) Settlement Class Member(s), as defined in the Settlement Notice and in paragraph 2 on page 3 of this Claim Form, and is (are) not excluded from the Settlement Class by definition or pursuant to request as set forth in the Settlement Notice and in paragraph 3 on page 3 of this Claim Form;

3. that I (we) own(ed) the Mullen Common Stock and Mullen Call Options and had an interest in the Mullen Put Options identified in the Claim Form and have not assigned the claim against the Released Defendants’ Parties to another, or that, in signing and submitting this Claim Form, I (we) have the authority to act on behalf of the owner(s) thereof;

4. that the Claimant(s) submit(s) to the jurisdiction of the Court with respect to Claimant’s (Claimants’) claim and for purposes of enforcing the releases set forth herein;

5. that I (we) agree to furnish such additional information with respect to this Claim Form as Lead Counsel, the Claims Administrator, or the Court may require;

6. that the Claimant(s) waive(s) the right to trial by jury, to the extent it exists, and agree(s) to the Court’s summary disposition of the determination of the validity or amount of the claim made by this Claim Form;

7. that I (we) acknowledge that the Claimant(s) will be bound by and subject to the terms of any judgment(s) that may be entered in the Action; and

8. that the Claimant(s) is (are) NOT subject to backup withholding under the provisions of Section 3406(a)(1)(C) of the Internal Revenue Code because (a) the Claimant(s) is (are) exempt from backup withholding or (b) the Claimant(s) has (have) not been notified by the IRS that he/she/it/they is (are) subject to backup withholding as a result of a failure to report all interest or dividends or (c) the IRS has notified the Claimant(s) that he/she/it/they is (are) no longer subject to backup withholding. If the IRS has notified the Claimant(s) that he, she, it, or they is (are) subject to backup withholding, please strike out the language in the preceding sentence indicating that the claim is not subject to backup withholding in the certification above.

UNDER THE PENALTIES OF PERJURY, I (WE) CERTIFY THAT ALL OF THE INFORMATION PROVIDED BY ME (US) ON THIS CLAIM FORM IS TRUE, CORRECT, AND COMPLETE, AND THAT THE DOCUMENTS SUBMITTED HEREWITH ARE TRUE AND CORRECT COPIES OF WHAT THEY PURPORT TO BE.

NOTE: If you have been notified by the I.R.S. that you are subject to backup withholding, please strike out the language that you are not subject to backup withholding in the certification above.

UNDER THE PENALTIES OF PERJURY, I (WE) CERTIFY THAT ALL OF THE INFORMATION PROVIDED BY ME (US) ON THIS CLAIM FORM IS TRUE, CORRECT, AND COMPLETE, AND THAT THE DOCUMENTS SUBMITTED HEREWITH ARE TRUE AND CORRECT COPIES OF WHAT THEY PURPORT TO BE.

Signature of Claimant: *

Signature of joint Claimant, if any:

If the claimant is other than an individual, or is not the person completing this form, the following also must be provided:

Signature of person signing on behalf of claimant:

CAPACITY OF PERSON SIGNING ON BEHALF OF CLAIMANT, IF OTHER THAN AN INDIVIDUAL, E.G., EXECUTOR, PRESIDENT, TRUSTEE, CUSTODIAN, ETC. (MUST PROVIDE EVIDENCE OF AUTHORITY TO ACT ON BEHALF OF CLAIMANT – SEE PARAGRAPH 13 ON PAGE 4 OF THIS CLAIM FORM.)