Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 28

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 28
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 this proxy
statement.

Summary of our 2025 Plan

General. The purpose of our 2025 Plan is to provide us with
flexibility to motivate, attract, and retain the services of employees upon whom our success depends and to provide them with an equity
interest in our Company in order to motivate superior performance. Our 2025 Plan currently provides for the grant of equity-based awards,
including options, stock appreciation rights, restricted stock awards or performance share awards or any other right or interest relating
to shares or cash, to eligible participants.

Shares Subject to our 2025 Plan. The aggregate number of shares
reserved and available for award under our 2025 Plan is 1,100,000 (the Share Reserve). Our 2025 Plan contemplates the issuance of common
stock upon exercise of options or other awards granted to eligible persons under our 2025 Plan. Shares issued under our 2025 Plan may
be both authorized and unissued shares or previously issued shares acquired by us. Upon termination or expiration of an unexercised option,
stock appreciation right or other stock-based award under our 2025 Plan, in whole or in part, the number of shares of common stock subject
to such award again become available for grant under our 2025 Plan. Any shares of restricted stock forfeited as described below will become
available for grant. The maximum number of shares that may be granted to any one participant in any calendar year may not exceed 250,000
shares.

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In the event of any change in capitalization of our Company, such
as a stock split, merger, consolidation, separation, spin off, or other distribution of stock or property of our Company, any reorganization,
any partial or complete liquidation of our Company or any extraordinary cash or stock dividend, the Compensation Committee (the Committee)
will make appropriate substitutions or adjustments in the aggregate number and kind of shares reserved for issuance under our 2025 Plan,
in the share limitations for awards set forth in our 2025 Plan and in the number of shares subject to an exercise price of outstanding
awards, or will make such other equitable substitution or adjustments as it may determine to be appropriate.

Administration. Our 2025 Plan is administered
by the Compensation Committee, which has the power to determine the terms and conditions of awards. A majority of the Committee will constitute
at quorum. In addition, the Committee has the authority to amend, modify or terminate our 2025 Plan. No