Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 21

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 21
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compensation of our named executive officers.

Vote Required

Approval of the advisory vote on named executive
officer compensation requires the affirmative vote of a majority of the shares of our common stock present in person or represented by
proxy and entitled to vote at the meeting. While this advisory vote on named executive officer compensation is non-binding, the Board
and the Compensation Committee will review and consider the voting results when evaluating our executive compensation program. Currently,
the Board seeks the shareholders vote on Named Executive Officer Compensation every year. The next time the shareholders have an opportunity
to vote on this matter is on the proxy for fiscal year 2025.

Board Recommendation

| THE                                                                           
 COMPANY’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ADVISORY 
 VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION.                                 |

| 16 |

<div align='center'>PROPOSAL 3

RATIFICATION OF APPOINTMENT OF FORTUNE CPA, INC. AS THE COMPANY’S INDEPENDENT AUDITOR FOR

FISCAL YEAR 2025</div>

The Audit Committee is directly responsible for
the appointment, compensation, retention, and oversight of the Company’s independent registered public accounting firm. The Audit
Committee engages in an annual evaluation of the independent public accounting firm’s qualifications, assessing a wide variety of
factors.

The Audit Committee has appointed Fortune CPA,
Inc. (“Fortune”) to audit and review NetSol’s financial statements for the fiscal year ending June 30, 2025. A majority
of the votes cast, in person or by proxy, at the Annual Meeting, is required for the ratification of the appointment of the independent
registered public accounting firm. Should the shareholders not ratify the selection of Fortune, it is contemplated that the appointment
of Fortune will be permitted to stand unless the Audit Committee finds other compelling reasons for making a change. Disapproval by the
shareholders will be taken into consideration in the selection of the independent registered public accounting firm for the coming year.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees

For the fiscal year ended June 30, 2024, we engaged
two independent registered public accounting firms due to a change in auditors during the year.

| 1. | BF                                                                                                                                    
 Borgers CPA PC (“BF Borgers”) was engaged to audit our financial statements and perform review services for the fiscal                
 year ended June 30, 2023. We