Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 20

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 20
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auri

Mark Caton

Malea Farsai

Kausar Kazmi

Ian Smith

The individuals appointed as proxies
intend to vote “FOR” the election of the nominees listed above. If any nominee is not available for election, the individuals
named in the proxy intend to vote for such substitute nominee as the Board of Directors may designate. Each nominee has agreed to serve
on the board and we have no reason to believe any nominee will be unavailable.

For the biography
of each nominee as well as for Director Compensation, please refer to Page 37 of the Proxy.

Board Recommendation:

| The                                                                           
 Board of Directors recommends shareholders vote “FOR” the election of each of 
 the five director nominees.                                                   |

| 15 |

<div align='center'>PROPOSAL 2

ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION</div>

A “Say-on-Pay” advisory vote
is required for all U.S. public companies under Section 14A of the Securities Exchange Act of 1934, as amended. In accordance with this
law, we are asking shareholders to approve, on an advisory basis, the compensation of the Company’s named executive officers disclosed
in the Compensation Discussion and Analysis section on page 42, This vote is not intended to address any specific item of compensation,
but rather the overall compensation of the named executive officers and the philosophy, policies and practices described in this proxy
statement.

For the reasons discussed below, the Board of
Directors recommends that you vote FOR approval of the advisory vote on named executive officer compensation because it believes that
the policies and practices described in the Compensation Discussion and Analysis are effective in achieving the Company’s goals
of rewarding sustained financial and operating performance and leadership excellence, aligning the executives’ long-term interests
with those of the shareholders and motivating the executives to remain with the Company for long and productive careers. Named executive
officer compensation of the past three years reflects amounts of cash and long-term equity awards consistent with periods of economic
stress and lower earnings, and equity incentives aligning with our actions to stabilize the Company and to position it for a continued
recovery.

We urge shareholders to read the
Compensation Discussion and Analysis beginning on page 42 of this proxy statement, as well as the Summary Compensation Table and
related compensation tables, notes, and narrative, appearing on pages 48 through 53, which provide detailed information on the
Company’s compensation policies and practices and the -