Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Rakishev Kenges
  2. Issuer Name and Ticker or Trading Symbol
Net Element International, Inc. [NETE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O SAT & COMPANY, 241 MUKANOVA STREET
3. Date of Earliest Transaction (Month/Day/Year)
09/28/2012
(Street)

ALMATY, 1P 050008
4. If Amendment, Date Original Filed(Month/Day/Year)
10/02/2012
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 09/28/2012   P   1,074,045 (4) A $ 10.04 1,914,045 (1) (2) (3) I See Footnotes (1) (2) (3)
Ordinary Shares 10/01/2012   P   406,706 (5) A $ 10.04 2,320,751 (1) (2) (3) I See Footnotes (1) (2) (3)
Ordinary Shares 10/02/2012   J(6)   2,320,751 D (6) 0 I See Footnotes (1) (2) (3)
Ordinary Shares 10/02/2012   J(6)   2,320,751 A (6) 2,320,751 (1) (2) (3) I See Footnotes (1) (2) (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Rakishev Kenges
C/O SAT & COMPANY
241 MUKANOVA STREET
ALMATY, 1P 050008
  X   X    
Novatus Holding PTE. Ltd.
22B DUXTON HILL
SINGAPORE, U0 089605
    X    

Signatures

 Kenges Rakishev   06/10/2013
**Signature of Reporting Person Date

 Novatus Holding PTE. Ltd., By: Nurlan Abduov, Director   06/10/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) These Shares (as defined below) are held by Novatus Holding PTE. Ltd., a private limited company organized under the laws of Singapore ("Novatus "). "Shares" are ordinary shares of the Issuer, par value $0.0001 per share.
(2) Kenges Rakishev, a citizen of the Republic of Kazakhstan ("Mr. Rakishev"), is the sole shareholder of Novatus. Consequently, Mr. Rakishev has voting control and investment discretion over the Shares held by Novatus. As a result of the foregoing, Mr. Rakishev may be deemed to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of the Shares held by Novatus.
(3) Each of Mr. Rakishev and Novatus disclaim beneficial ownership of these Shares except to the extent of their respective pecuniary interest therein.
(4) These Shares were acquired in three separate transactions, all at a price of $10.04 per share. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased in each transaction.
(5) These Shares were acquired in three separate transactions, all at a price of $10.04 per share. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased in each transaction.
(6) On October 2, 2012, the Issuer consummated a merger with Net Element, Inc. Immediately prior to the consummation of the merger, the Issuer filed a Certificate of Corporate Domestication with the Secretary of State of the State of Delaware whereby the Issuer was domesticated as a Delaware corporation. In connection with such domestication and pursuant to a reclassification exempt under Rule 16b-7, each then-issued and outstanding Share was automatically converted by operation of law into a share of common stock, par value $0.0001 per share, of the Issuer (the "Common Stock") as reported by the Issuer. Additionally, in connection with the consummation of the merger, (i) the Issuer changed its name from "Cazador Acquisition Corporation Ltd." to "Net Element International, Inc." and (ii) Mr. Rakishev became a director of the Issuer on October 2, 2012.
 
Remarks:
As a result of the merger, Novatus ceased to have beneficial ownership (as determined under Section 13(d) of the Exchange Act) of greater than 10% of the Common Stock and was no longer subject to Section 16.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.