BOLLINGER INNOVATIONS, INC. — Director's Dealing 2012

Oct 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element International, Inc. (NETE)
CIK: 0001499961
Period of Report: 2012-10-24

Reporting Person: HERNANDEZ ALBERTO (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-24	Common Stock	P	3700	$6.5775	Acquired	3700	Indirect

Footnotes

F1: These shares of common stock, par value $0.0001 per share, of the Issuer (the "Shares") are held by Bond Street Management LLC, a Puerto Rico limited liability company ("Bond Street").

F2: Mr. Hernandez owns 25% of the outstanding equity interests in Bond Street. Mr. Hernandez has voting control, investment discretion and dispositive power over the Shares held by Bond Street. As a result of the foregoing, Mr. Hernandez may be deemed to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended) of the Shares held by Bond Street.