BOLLINGER INNOVATIONS, INC. — Director's Dealing 2012

Nov 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element International, Inc. (NETE)
CIK: 0001499961
Period of Report: 2012-11-27

Reporting Person: ZOI MIKE (Director, 10% Owner)
Reporting Person: Enerfund, LLC (10% Owner)
Reporting Person: TGR Capital, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-27	Common Stock	J	1777344	—	Disposed	5691350	Indirect
2012-11-27	Common Stock	J	1777344	—	Acquired	1777488	Direct
2012-11-27	Common Stock	G	888672	—	Disposed	888816	Direct
2012-11-27	Common Stock	G	888672	—	Acquired	888672	Indirect
2012-11-27	Common Stock	J	888672	—	Disposed	0	Indirect
2012-11-27	Common Stock	J	888672	—	Acquired	888672	Indirect
2012-11-27	Common Stock	J	888672	—	Disposed	144	Direct
2012-11-27	Common Stock	J	888672	—	Acquired	1777344	Indirect
2012-11-27	Common Stock	J	622238	—	Disposed	5069112	Indirect
2012-11-27	Common Stock	J	622238	—	Acquired	7678832	Indirect
2012-11-27	Common Stock	J	622237	—	Disposed	4446875	Indirect
2012-11-27	Common Stock	J	622237	—	Acquired	622381	Direct
2012-11-27	Common Stock	G	622237	—	Disposed	144	Direct
2012-11-27	Common Stock	G	622237	—	Acquired	622237	Indirect
2012-11-27	Common Stock	J	622237	—	Disposed	0	Indirect
2012-11-27	Common Stock	J	622237	—	Acquired	8301069	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1148438	Indirect

Footnotes

F1: Represents the transfer of 1,777,344 shares of the Issuer's common stock from Enerfund, LLC to its sole member, Mike Zoi.

F2: Represents the transfer by gift of 888,672 shares of the Issuer's common stock from Mr. Zoi to his spouse.

F3: Represents the contribution of 888,672 shares of the Issuer's common stock by Mr. Zoi's spouse to MTZ Fund, LLC.

F4: Represents the contribution of 888,672 shares of the Issuer's common stock by Mr. Zoi to MTZ Fund, LLC.

F5: Represents the contribution of 622,238 shares of the Issuer's common stock by Enerfund, LLC to TGR Capital, LLC.

F6: Represents the transfer of 622,237 shares of the Issuer's common stock from Enerfund, LLC to its sole member, Mr. Zoi.

F7: Represents the transfer by gift of 622,237 shares of the Issuer's common stock from Mr. Zoi to his spouse.

F8: Represents the contribution of 622,237 shares of the Issuer's common stock by Mr. Zoi's spouse to TGR Capital, LLC.

F9: 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.