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BOLLINGER INNOVATIONS, INC. Director's Dealing 2014

Dec 5, 2014

35499_dirs_2014-12-04_8d7e6069-c509-451a-8522-266f7bc74470.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-12-03 Common Stock S 101025 Disposed 3558146 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1102029 Indirect
Common Stock 1777344 Indirect
Common Stock 144 Direct

Footnotes

F1: The shares were sold in a private sale 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.

F2: Mike Zoi is the Manager of each of 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.