BOLLINGER INNOVATIONS, INC. — Director's Dealing 2014

Dec 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2014-12-03

Reporting Person: New Jonathan (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-03	Common Stock	P	96025	—	Acquired	106495	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5749	Indirect
Common Stock	10749	Indirect

Footnotes

F1: The shares were acquired in a private purchase on December 3, 2014 pursuant to a Letter Agreement, dated as of October 21, 2014, between TGR Capital LLC, a Florida limited liability company, and Jonathan New (the "Purchase Agreement"). The consideration for the shares was the services previously rendered by Jonathan New to TGR Capital LLC and certain of its affiliated entities.