Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 24

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 24
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, to increase the number of authorized shares of capital stock from 15,000,000 to 18,500,00 and to increase the number of
common stock from 14,500,000 shares to 18,000,000 shares.

The text of the form of proposed Articles of Incorporation increasing
the number of shares of capital stock from 15,000,000 to 18,500,000 and to increase the authorized shares of our common stock from 14,500,000
shares to 18,000,000 is attached to this Proxy Statement as Annex A. If our stockholders approve this Proposal No. 4, we expect to file
the Amendment of Articles of Incorporation with the Secretary of State of the State of Nevada as soon as practicable following stockholder
approval. Upon filing of the Articles of Amendment with the Secretary of State of the State of Nevada, the first sentence of the Second
Article of our Amendment will read as follows:

“THREE: The Corporation shall be authorized
to issue 18,500,000 shares of capital stock of which 18,000,000 shares shall be shares of Common stock, $.01 par value (“Common
Stock”) and 500,000 shares shall be shares of Preferred Stock, $.01 par value (“Preferred Stock.”).

Our Articles of Incorporation currently authorizes the issuance
of up to 15,000,000 shares of capital stock, consisting of 14,500,000 shares of common stock, par value $.01 per share, and 500,000 shares
of preferred stock, par value $.01 per share. An increase in the number of authorized shares of our common stock to 18,000,000 shares
will increase our total authorized capitalization to 18,500,000, which includes our previously authorized 500,000 shares of preferred
stock.

Of the 14,500,000 shares of our common stock currently authorized,
as of the close of business on [_____], 2025, there were _______ shares of common stock issued and outstanding. There are no shares of
preferred stock issued and outstanding

The Board has approved the proposed increase in authorized common
stock for the primary purpose of bringing our capital structure in line with those of similarly situated companies with respect to shares
of common stock available for issuance as a percentage of total authorized shares. Although, at present, the Board has no immediate plans
to issue the additional shares of common stock, it desires to have the shares