Net Element, Inc. 4
4 · Net Element, Inc. · Filed Sep 8, 2014
Insider Transaction Report
Form 4
Healy William
Director
Transactions
- Other
Common Stock
2014-08-22+75,200→ 75,200 total
Footnotes (1)
- [F1]Net Element, Inc., a Delaware corporation (the "Company"), issued 75,200 shares of common stock ("Common Stock") of the Company to William Healy as part consideration for reduction of the Company's indebtedness to MBF Merchant Capital, LLC, an Illinois limited liability company, pursuant to that certain Amended and Restated Loan and Security Agreement, dated as of May 20, 2014, among TOT Group, Inc., a Delaware corporation and the Company's subsidiary, certain of TOT Group, Inc.'s subsidiaries, as co-borrowers, and MBF Merchant Capital, LLC.