BOLLINGER INNOVATIONS, INC. — Director's Dealing 2014

Aug 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2014-07-25

Reporting Person: Wolberg Steven (CLO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-25	Common Stock	S	627171	—	Acquired	627171	Direct

Footnotes

F1: These shares were issued under a letter agreement, dated as of August 28, 2013 (as amended as of June 30, 2014 by Amendment No. 1), among Net Element, Inc., Oleg Firer, Steven Wolberg, Georgia Notes 18 LLC and Vladimir Sadovskiy, pursuant to which Net Element, Inc. issued to Mr. Wolberg 627,171 shares of common stock of Net Element, Inc. in exchange for the outstanding 2% non-controlling interest in TOT Group, Inc.