FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   ZOI MIKE 2. Date of Event Requiring Statement (Month/Day/Year) 10/02/2012 3. Issuer Name and Ticker or Trading Symbol Net Element International, Inc. [NETE] (Last) (First) (Middle) 1450 SOUTH MIAMI AVE. 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) MIAMI, FL 33130 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 7,468,694 I By Enerfund, LLC (1) Common Stock 7,056,594 I By TGR Capital, LLC (1) Common Stock 1,148,438 I By MZ Capital LLC (Delaware) (1) Common Stock 726,563 I By MZ Capital LLC (Florida) (1) Common Stock 144 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ZOI MIKE 1450 SOUTH MIAMI AVE. MIAMI, FL 33130	  X	  X	Â	Â
Enerfund, LLC 1450 SOUTH MIAMI AVE. MIAMI, FL 33130	Â	  X	Â	Â
TGR Capital, LLC 1450 SOUTH MIAMI AVE. MIAMI, FL 33130	Â	  X	Â	Â

Signatures

/s/ Mike Zoi (individually and as Managing Member of Enerfund, LLC, in its own capacity and as Managing Member of TGR Capital, LLC)		10/12/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Mike Zoi is the managing member of Enerfund, LLC and the manager of each of TGR Capital, LLC, MZ Capital LLC (Delaware) and MZ Capital LLC (Florida). Enerfund, LLC is the controlling member of TGR Capital, LLC.

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