X0306 4 2020-12-01 0001499961 Net Element, Inc. NETE 0001296618 Firer Oleg C/O NET ELEMENT, INC. 3363 NE 163RD STREET, STE 705 NORTH MIAMI BEACH, FL 33160 1 1 1 Chief Executive Officer Common Stock 2020-12-01 4 A 0 119361 A 484937 D Common Stock 67312 I By: Star Equities LLC The compensation committee of the board of directors of Net Element, Inc. awarded to Oleg Firer, Chief Executive Officer of Net Element, Inc., 119,361 restricted shares (the "Shares"). The Shares were not awarded under the Company's 2013 Equity Incentive Plan, as amended, but rather pursuant to Net Element, Inc.'s stockholders' approval on December 1, 2020 (the "Grant Date"). 100% of the Shares vested immediately as of the Grant Date. /s/ Oleg Firer 2020-12-02