On May 11, 2022, upon the recommendation of the nominating and corporate governance committee of the board of directors of Marizyme, Inc., the board resolved to increase the size of the board from six to seven members and appoint Michael R. Stewart to the Board to fill the vacancy resulting from such increase, both effective as of June 1, 2022. Also upon the recommendation of the Nominating committee, the board appointed Mr. Stewart to the chairmanship of the Audit Committee of the Board, also effective June 1, 2022. Mr. Stewart has served as the Chief Operating Officer and a director of CyDuct, LLC since January 2018.

Since May 2022, Mr. Stewart has also served as a director of The Lotus Group Inc. Since November 2016, Mr. Stewart has also been a consultant for various clients.