Net Element, Inc. Watch

from 8-K 2 pages Termination of Shareholder Rights Agreement

from 8-K 8 pages [English Translation From the Original Russian Language Document] Agreement of Property Rights Pledge No. 00vl3z001

from 8-K 15 pages 1. Subject of the Agreement

from 8-K 8 pages 1. Duties and Scope of Employment. for the Term of Your Employment (Your “Employment”), the Company Agrees to Employ You in the Position of Executive Vice President and Chief Strategy Officer (“Evp & Cso”). You Will Report to the CEO of the Company and/or to a Senior Executive Identified by the CEO. the Company Will Allow for You to Work Mostly From Your Own Facilities in Seattle, Washington. as a Result of Working Away From Corporate Headquarters, Your Role Will Require Travel and Telecommuting Outside Normal Business Hours. as Part of the Duties and Responsibilities That You Will Be Performing as the Evp & Cso of the Company You Will Work Closely With Key Portfolio Properties and Projects of the Company in Developing Strategies, Path to Profitability and Identifying Growth Opportunities. 2. Cash and Incentive Compensation. (A) Salary. the Company Shall Pay You as Compensation for Your Services a Base Salary at a Gross Annual Rate of $200,000. Such Salary Shall Be Payable Bi-Monthly in Arrears and Subject to Deductions for Taxes and Other Withholdings as Required by Law

from 8-K 12 pages Subscription Agreement Between Net Element, Inc. and Igor Yakovlevich Krutoy June 6, 2012 Subscription Agreement

from 8-K 20 pages Limited Liability Company Operating Agreement of Legalguru, LLC

from 8-K 4 pages Amended and Restated Guru Joint Venture Agreement

from 8-K 3 pages First Amendment to Subscription Agreement

from 8-K 14 pages Joint Venture Agreement

from 8-K 2 pages Amendment

from 8-K 25 pages Lease Agreement for 1450 South Miami Avenue

from 8-K 40 pages Subscription Agreement

from 8-K 9 pages Net Element, Inc. Warrant to Purchase 666,666 Shares of Common Stock, $.001 Par Value Per Share

from 8-K 9 pages Net Element, Inc. Warrant to Purchase 666,667 Shares of Common Stock, $.001 Par Value Per Share

from 8-K 9 pages Net Element, Inc. Warrant to Purchase 666,667 Shares of Common Stock, $.001 Par Value Per Share

from 8-K 9 pages Subscription Agreement Between Net Element, Inc. and Felix Vulis February 2, 2012 Subscription Agreement

from 10-Q 2 pages Amendment

from 10-Q 24 pages Agreement

from 8-K 7 pages Advisor Agreement

from 10-Q 2 pages May 11, 2011 via Email Mr. Naveen Jain, Et Al. Vdream, Inc. /S/ Richard Lappenbusch Richard Lappenbusch, Net Element, Inc. Agreed and Accepted This 13th Day of May, 2011 By: /S/ Naveen Jain Naveen Jain, Vdream, Inc. Vdream, Inc. May 11, 2011 Page 2 of 2