Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1751

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1751
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 17, 2022, Mr. Rosenblum was appointed as an independent director
to the board of H-Cyte, Inc. H-CYTE is a medical biosciences company with a mission is to become a leader in next-generation, cellular
therapeutics for the treatment of chronic health conditions. Mr. Rosenblum graduated Summa Cum Laude from SUNY Buffalo with a B.A.
in Finance & Accounting.

Mr. Rosenblum’s
experience as an executive of a publicly traded company and his financial experience, including in investment banking and as an investor
in publicly traded companies, we believe provide him with the attributes that make him a valuable member of the Company’s Board.

Mr. Rosenblum resigned
from all positions on January 7, 2025, with immediate effect.

30

Madisson G. Butler, Director.
Ms. Madisson G. Butler (formerly known as Madisson Corbett) was appointed to our
Board of Directors in May 2021. Ms. Butler has extensive experience in sales and built the sales development organizations at Series A-C tech
companies. Ms. Butler’s career in sales began in San Diego, overseeing global sales and marketing at the top surf wax company in
the US. Ms. Butler then worked at the International Surfing Association, recognized by the International Olympic, Committee and helped
introduce surfing to the Olympics in 2020. After her time in San Diego, Ms. Butler began working for various Y Combinator companies including
payroll & benefits platform, Gusto, hiring software, Lever, and mental health start up, Modern Health. Presently, Ms. Butler
works for fintech start-up, Brex.com and has been with the company over the last two years. She built out the entire sales development
organization from scratch and oversaw top of funnel production for the Go To Market Team at Brex.com. Ms. Butler managed the increase
of recurring annual revenue from $20,000,000 to $100,000,000 in just 18 months and her team accounted for 85% of the net new revenue
generated during the period.

We chose Ms. Butler to
serve as a member of our Board of Directors due to her extensive business and finance experience, which makes her a valuable member of
our Board of Directors.

David Rios, Director.
David Rios was appointed to our Board of