BOLLINGER INNOVATIONS, INC. — Director's Dealing 2012

Dec 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element International, Inc. (NETE)
CIK: 0001499961
Period of Report: 2012-12-31

Reporting Person: ZOI MIKE (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-31	Common Stock	G	1777344	—	Disposed	1777344	Indirect
2012-12-31	Common Stock	G	1777344	—	Acquired	1777344	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4446875	Indirect
Common Stock	8301069	Indirect
Common Stock	1148438	Indirect
Common Stock	144	Direct

Footnotes

F1: Represents the transfer by gift of the limited liability company interests in MTZ Fund, LLC to an irrevocable trust.

F2: Mike Zoi is the Manager of each of Enerfund, LLC, TGR Capital, LLC, MZ Capital LLC (Delaware) and MTZ Fund, LLC. Mr. Zoi disclaims beneficial ownership of the securities held by each of such entities except to the extent of his pecuniary interest in such securities.