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Filing Details

Accession Number:: 0001181431-13-033997
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2013-06-10 21:47:17
Reporting Period:: 2012-09-28

Filing Date:: 2013-06-10
Accepted Time:: 2013-06-10 21:47:17
Original Submission Date:: 2012-10-02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1499961	Net Element International Inc.	NETE	Services-Computer Processing & Data Preparation (7374)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1548375	Kenges Rakishev	C/O Sat &Amp; Company 241 Mukanova Street Almaty 1P 050008		Yes	No	Yes	No
1559363	Ltd. Pte. Holding Novatus	22B Duxton Hill Singapore U0 089605		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Ordinary Shares	Acquisiton	2012-09-28	1,074,045	$10.04	1,914,045	No	4	P	Indirect	See Footnotes
Ordinary Shares	Acquisiton	2012-10-01	406,706	$10.04	2,320,751	No	4	P	Indirect	See Footnotes
Ordinary Shares	Disposition	2012-10-02	2,320,751	$0.00	0	No	4	J	Indirect	See Footnotes
Ordinary Shares	Acquisiton	2012-10-02	2,320,751	$0.00	2,320,751	No	4	J	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes
No	4	J	Indirect	See Footnotes

Footnotes

These Shares (as defined below) are held by Novatus Holding PTE. Ltd., a private limited company organized under the laws of Singapore ("Novatus "). "Shares" are ordinary shares of the Issuer, par value $0.0001 per share.
Kenges Rakishev, a citizen of the Republic of Kazakhstan ("Mr. Rakishev"), is the sole shareholder of Novatus. Consequently, Mr. Rakishev has voting control and investment discretion over the Shares held by Novatus. As a result of the foregoing, Mr. Rakishev may be deemed to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of the Shares held by Novatus.
Each of Mr. Rakishev and Novatus disclaim beneficial ownership of these Shares except to the extent of their respective pecuniary interest therein.
These Shares were acquired in three separate transactions, all at a price of $10.04 per share. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased in each transaction.
These Shares were acquired in three separate transactions, all at a price of $10.04 per share. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased in each transaction.
On October 2, 2012, the Issuer consummated a merger with Net Element, Inc. Immediately prior to the consummation of the merger, the Issuer filed a Certificate of Corporate Domestication with the Secretary of State of the State of Delaware whereby the Issuer was domesticated as a Delaware corporation. In connection with such domestication and pursuant to a reclassification exempt under Rule 16b-7, each then-issued and outstanding Share was automatically converted by operation of law into a share of common stock, par value $0.0001 per share, of the Issuer (the "Common Stock") as reported by the Issuer. Additionally, in connection with the consummation of the merger, (i) the Issuer changed its name from "Cazador Acquisition Corporation Ltd." to "Net Element International, Inc." and (ii) Mr. Rakishev became a director of the Issuer on October 2, 2012.