Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 914

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 914
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 $252,312  
    $-  
    $-  
    $-  
    $33,043(8) 
    $285,355 
  
    Secretary, General Counsel 
     2024  
    $233,622  
    $-  
    $-  
    $-  
    $31,763(8) 
    $265,385 

(1)
There were no stock awards during the two years presented.

(2)
Bonus was awarded based on Mr. Ghauri’s bonus structure as detailed on page 39.

40

(3)
Mr. Najeeb Ghauri and Mr Naeem Ghauri were granted 50,000 options at an exercise price of $2.15 that vested immediately with a one-year
expiration and have been fully exercised.

(4)
Per Mr. Najeeb Ghauri’s compensation agreement, other compensation includes a fixed allowance of $200,000 to cover perquisites
and benefits such as car allowance, insurance premiums, and home office allowance. In addition, other compensation includes Company contributions
under the 401(k) plan for the fiscal years ended June 30, 2025, and 2024.

(5)
Consists of $815,714 and $780,000 base salary and $230,000 and $140,000 commission for the fiscal years ended June 30, 2025, and 2024,
respectively.

(6)
Per Mr. Naeem Ghauri’s compensation agreement, he received $250,000 and $nil in bonus for the fiscal years ended June 30, 2025,
and 2024, respectively.

(7)
Consists of employer-paid medical and dental insurance premiums and the Company contributions under the 401(k) plan for the fiscal years
ended June 30, 2025, and 2024.

(8)
Consists of employer-paid medical and dental insurance premiums and the Company contributions under the 401(k) plan for the fiscal years
ended June 30, 2025, and 2024.

Grants
of Plan-Based Awards 

There
were no stock grants during the two years presented.

Discussion
of Summary Compensation Table 

The
terms of our executive officers’ compensation are derived from our employment agreements with them and the annual performance review
by our Compensation Committee. The terms of Mr. Najeeb Ghauri’s employment agreement with the Company were