Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 107

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 an export refinance facility with Habib Metro Bank Limited, secured by NetSol PK’s assets. This is a
revolving loan that matures every nine months. The total facility amount is Rs. 1,300,000,000 or $4,649,333 and Rs. 900,000,000 or $3,233,804,
at March 31, 2025 and June 30, 2024, respectively. NetSol PK used Rs. 1,300,000,000 or $4,649,333 and Rs. 700,000,000 or $2,515,181,
at March 31, 2025 and June 30, 2024, respectively. The interest rate for the loan was 10.0% and 17.5% at March 31, 2025 and June 30,
2024, respectively.

(8)The Company’s
subsidiary, NetSol PK, availed sale and leaseback financing from First Habib Modaraba secured by the transfer of the vehicles’
title. As of March 31, 2025, NetSol PK used Rs. 5,307,080 or $18,980 which was shown as current. As of June 30, 2024, NetSol PK used
Rs. 15,819,683 or $56,842 of which $9,684 was shown as long term and $47,158 as current. The interest rate for the loan was from 22.7%
to 24.2% at March 31, 2025 and June 30, 2024.

(9)The Company’s
subsidiary, NetSol Beijing, had a one year, short-term loan facility with Bank of China, secured by a personal guarantee from NetSol
Beijing’s General Manager. The facility amount was CNY 3,000,000 or $413,223. NetSol Beijing has paid off this facility during
the period ended March 31, 2025. NetSol Beijing used CNY 3,000,000 or $412,655, at June 30, 2024. The interest rate of the loan was 3.8%
at March 31, 2025 and June 30, 2024.

(10)The Company leases
various fixed assets under finance lease arrangements expiring in various years through 2027. The assets and liabilities under finance
leases