Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 70

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 70
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 only if approved by the shareholders of the Company.

| 53 |

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, 2024, 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.

Employee Equity Plans

OPTIONS:

|                        |     | Number     
 of         
 Options    
 Authorized |           |     | Options 
 Grants  
 Issued  |           |     | Options   
 Grants    
 Cancelled 
 /         
 Expired   |   |     | Available 
 for       
 Issue     |        |     | Options     
 Issued      
 but         
 Outstanding |         |
| The                    
 2005 stock option plan |     |            |   500,000 |     |         |   499,859 |     |           | - |     |           |    141 |     |             |       - |
| The 2013 stock         
 option plan            |     |            | 1,250,000 |     |         | 1,247,476 |     |           | - |     |           |  2,524 |     |             |       - |
| The 2015 stock         
 option plan            |     |            | 1,250,000 |     |         | 1,214,013 |     |           | - |     |           | 35,987 |     |             | 250,000 |
|                        |     |            | 3,700,000 |     |         | 3,661,348 |     |           | - |     |           | 38,652 |     |             | 250,000 |

<div align='center'>Compensation Committee Report</div>

The Compensation Committee of the Board of Directors has reviewed and discussed the Compensation Discussion and Analysis contained within this Proxy Statement with management and, based on such review and discussion, the Compensation Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement and incorporated into NetSol Technologies, Inc.