Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 26

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 26
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 a premium for their shares over then current market prices.

Your board unanimously recommends a vote “FOR” the amendment of our articles of incorporation to increase the number of authorized shares of capital stock from 15,000,000 to 18,500,000 and to increase the number of authorized shares of common stock from 14,500,000 shares to 18,000,000 for the following reasons:

● Provides necessary flexibility
in our corporate planning in responding to developments in our business, including possible financing and acquisition transactions, common
stock splits or dividends and for other general corporate purposes,

●No current plan to
issue additional shares, but it is important for management to have additional capital stock available in order to address new initiatives
without undue delay or cost.

Approval of this proposal requires the affirmative vote of the
holders of a majority of the outstanding shares of our common stock.

Board Recommendation:

| THE COMPANY’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS                                                                         
 A VOTE “FOR” THE AMENDMENT OF THE ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CAPITAL STOCK        
 FROM 15,000,000 TO 18,500,000 AND INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 14,500,000 TO 18,000,000 SHARES |

| 20 |

<div align='center'>PROPOSAL 5

APPROVAL OF THE COMPANY’S 2025 EQUITY INCENTIVE PLAN</div>

On April 14, 2025, subject to shareholder approval, our Board approved
and adopted our 2025 Equity Incentive Plan (our 2025 Plan). Among other things, our 2025 Plan: (i) provides 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 and grants 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, and (ii)
reserves 1,100,000 shares of common stock for availability for awards under our 2025 Plan. Any grants made pursuant to our 2025 Plan will
be subject to shareholder approval of the plan and any such conditionally awarded grants may not be exercised prior to such shareholder
approval. The Company has exhausted all available shares under its previous equity plans