Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1863

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9C
Chunk 1863
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 and was
appointed as a member of the Audit Committee and the Compensation Committee. Mr. Francis is no longer a member of the board of
directors, and he will no longer serve on these committees.

The
table below provides the membership for each of the committees during Fiscal Year 2025.

    Nominating
    and

    Corporate

    Audit
     
    Compensation
     
    Governance
  
    Director
     
    Committee
     
    Committee
     
    Committee
  
    Najeeb
    Ghauri

    Malea
    Farsai

    Mark
    Caton (I)
     
    X
     
    X
(C) 
     
    X
  
    Kausar
    Kazmi (I) 
     
    X
(C) 
     
    X
     
    X
  
    Michael
    Francis * (I) 
     
    X
     
    X
     
    X
(C) 
  
    Ian
    Smith ** (I) (N)

  *
  Mr. Francis’s term ended June 2025.

  **
  Mr. Smith was elected to the Board in June 2025 and was appointed
as a committee member in July 2025.

  (I)
  Denotes an Independent Director.

  (C)
  Denotes the Chairperson of the Committee.

  (N)
  Mr. Smith became the Nominating Committee Chairman in July
2025.

29

During the fiscal year 2025, the Audit Committee met four times, the Compensation
Committee met once and the Nominating and Corporate Governance Committee met one time.

DIRECTORS
AND EXECUTIVE OFFICERS 

The
following table sets forth the names and ages of the current directors and executive officers of the Company, the principal offices and
positions with the Company held by each person and the date such person became a director or executive officer of the Company. The Board
of Directors elects the executive officers of the Company annually. Each year the stockholders elect the Board of Directors. The executive
officers serve varying terms until their death, resignation or removal by the Board of Directors. In addition, there was no arrangement
or understanding between any executive officer and any other person pursuant to which any person was selected as an executive officer.

The
directors and executive officers of the Company are as follows:

    Name 
    Year First Elected as an Officer or Director