0001144204-10-066663 Sample Contracts

Membership Interest Purchase Agreement
Membership Interest Purchase Agreement • December 15th, 2010 • Net Element, Inc. • Crude petroleum & natural gas • Florida

This MEMBERSHIP INTEREST PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of the 14th day of December, 2010, by and among NET ELEMENT, INC., a corporation organized and existing under the laws of Delaware (the “Purchaser” or “NET Element”), and ENERFUND, LLC (“Enerfund”), MZ CAPITAL, LLC (“MZ Capital”), DMITRY KOZKO (“Kozko”), JAMES CAAN (“James Caan”), Scott Caan (“Scott Caan”), MARK RYDELL (“Rydell”), ROBERT DUVALL (“Duvall”), SCOTT WALTERS (“Walters”), STACEY LINDSEY (“Lindsey”) and CARL PAOLI (“Paoli”) (collectively, Enerfund, MZ Capital, and Kozko are the “Principal Sellers” and the Principal Sellers and James Caan, Scott Caan, Rydell, Duvall, Walters, Lindsey and Paoli are the “Sellers”). The Sellers and Net Element are referred to collectively as the “Parties”.

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Technology Transfer and License Agreement
Technology Transfer and License Agreement • December 15th, 2010 • Net Element, Inc. • Crude petroleum & natural gas • Florida

THIS TECHNOLOGY TRANSFER AND LICENSE AGREEMENT ("the Agreement") effective as of December 14, 2010 (the “Effective Date”) is entered into by and between NETLAB SYSTEMS, LLC, with its principal office at 1450 South Miami Avenue, Miami, Florida 33130 (“Netlab”) and OPENFILM, LLC, with its principal office at 1450 South Miami Avenue, Miami, Florida 33130 ("Openfilm").

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