Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 678

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 678
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 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
executive officer of the Company serves as a member of the board of directors or compensation committee of any entity that has one or
more executive officers serving as a member of the Company’s Board of Directors or Compensation Committee.

The
Compensation Committee also takes into account the number and value of awards held by the Executive Officer in order to maintain an appropriate
level of incentive for that individual. We do not take material nonpublic information into account when determining the timing and terms
of equity awards, nor do we time the disclosure of material nonpublic information for the purpose of affecting the value of executive
compensation. The Compensation Committee has the authority to review extraordinary events that impact the Company’s performance
and may adjust the calculation of the number of shares earned under