X0306 4 2020-01-20 0001499961 Net Element, Inc. NETE 0001735813 Fichman Jonathan C/O NET ELEMENT, INC. 3363 NE 163 STREET, STE 705 NORTH MIAMI BEACH FL 33160 1 Common Stock 2020-01-20 4 A 0 1168 A 9348 D Net Element, Inc. awarded to Jonathan Fichman, Director of the Company, 1,168 Restricted Shares, as defined in the Company's 2013 Equity Incentive Plan, as amended, (the "Shares") on January 20, 2020 (the "Grant Date"). 100% of the Shares vested immediately as of the Grant Date. /s/ Jonathan Fichman 2020-01-22