BOLLINGER INNOVATIONS, INC. — Director's Dealing 2017

Oct 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2017-10-20

Reporting Person: Firer Oleg (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-20	Restricted Shares of Common Stock	J	67312	—	Acquired	353027	Indirect

Footnotes

F1: Such shares were issued to Star Equities LLC pursuant to the conversion of that certain promissory note dated March 1, 2017 by Net Element, Inc. to Star Equities LLC of the entire outstanding amount of $374,253.13 (including the principal amount of $348,083.32 and accrued and unpaid interest), for a purchase price of $5.56 per share.

F2: Oleg Firer is a managing member of Star Equities LLC. Mr. Firer disclaims beneficial ownership of the securities held by Star Equities, LLC except to the extent of his pecuniary interest in such securities.