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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1293330	Net Element Inc.	NETE	Services-Computer Processing & Data Preparation (7374)	200715816

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1273345	Mike Zoi	1450 South Miami Avenue Miami FL 33130	Ceo	Yes	Yes	Yes	No
1314380	Tgr Capital, Llc	1450 South Miami Avenue Miami FL 33130		No	No	Yes	No
1457806	Enerfund, Llc	1450 South Miami Avenue Miami FL 33130		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-04-20	200,000,000	$0.15	202,263,749	No	4	S	Indirect	By TGR Capital, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By TGR Capital, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	177,875,000	Indirect	By Enerfund, LLC
Common Stock	45,937,500	Indirect	By MZ Capital LLC (Delaware)
Common Stock	29,062,500	Indirect	By MZ Capital LLC (Florida)
Common Stock	5,754	Direct

Footnotes

$15,000,000 of the $30,000,000 aggregate purchase price was paid in cash and the balance of such purchase price was paid by the discharge in full and cancellation of all liabilities under a $15,000,000 original principal amount convertible note payable by TGR Capital, LLC to the purchaser of the shares of common stock which were sold.
Mike Zoi is the managing member of Enerfund, LLC and the manager of each of MZ Capital LLC (Delaware) and MZ Capital LLC (Florida). Enerfund, LLC is the managing member of TGR Capital, LLC.