Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1598

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9
Chunk 1598
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 setting compensation for the non-employee
members of our Board of Directors. As with named executives, the aim is to compensate the Board of Directors at the mean of peer companies.
Any additional cash and/or equity compensation for the fiscal year beginning was designed to maintain this mean.

The
non-employee members of our Board of Directors received compensation for services as directors as well as reimbursement for documented
reasonable expenses incurred in connection with attendance at meetings of our Board of Directors and the committees thereof.

45

Director
Compensation Table

The
following table sets forth a summary of the compensation earned by our Directors and/or paid to certain of our Directors pursuant to
the Company’s compensation policies for the fiscal year ended June 30, 2025, other than Najeeb Ghauri and Malea Farsai who were
paid as part of their employment agreements with the Company and not as directors.

    NAME 
    FEES EARNED OR PAID IN CASH ($)  
    SHARE AWARDS ($)  
    TOTAL
                                                                               ($) 

    Mark Caton 
     65,000  
     53,000  
     118,000 
  
    Kausar Kazmi 
     53,000  
     53,000  
     106,000 
  
    Michael Francis 
     53,000  
     53,000  
     106,000 

     171,000  
     159,000  
     330,000 

Independent
members of our Board of Directors are also eligible to receive stock option or stock award grants both upon joining the Board of Directors
and on an annual basis in line with recommendations by the Compensation Committee, which grants are non-qualified stock options under
our Employee Stock Option Plans. Further, from time to time, the non-employee members of the Board of Directors are eligible to receive
stock grants that may be granted if and only if approved by the shareholders of the Company.

Compensation
Committee Interlocks and Insider Participation 

The
current members of the Compensation Committee are Mr. Caton (Chairman), Mr. Kazmi, and Mr. Francis. All current members of the Compensation
Committee are “independent directors” as defined under the NASDAQ Listing Rules. None of these individuals were at any time
during the fiscal year ended June 30, 2025, or at any other relevant time, an officer or employee of the Company.

No