Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 36

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 36
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 the “golden parachute” provisions
of Sections 280G and 4999 of the Code. In that event, our Company could be denied all or part of its tax deduction and the participant
could be subject to excise tax.

New Plan Benefits. As part of
the compensation of the independent directors of our Company, the independent directors receive compensation equal to 50% in cash and
50% in shares of common stock. The Company currently has no shares remaining in any of its previously approved and adopted plan. Accordingly,
the 3 independent directors are due for their services through March 31, 2025, 16,428 shares of common stock subject to the approval of
this 2025 Plan. If the 2025 Plan is not approved, the directors will receive their compensation in cash of $39,750 in total. No other
grants have been made under the 2025 Plan that are subject to stockholder approval at the Annual Meeting. It is otherwise not possible
at present to predict the number of grants that will be made or who will receive any such grants under the Plan after the Annual Meeting.

Board Recommendation:

| THE                                                                           
 COMPANY’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ADOPTION 
 OF THE 2025 PLAN                                                              |

| 25 |

<div align='center'>CORPORATE GOVERNANCE, BOARD OF DIRECTORS</div>

MEETINGS AND BOARD COMMITTEES

Nomination of Directors

The Board is responsible for nominating members
to the Board and for filling vacancies on the Board that may occur between annual meetings of shareholders, in each case based upon the
recommendation of the Nominating and Corporate Governance Committee. This committee seeks input from other Board members and senior management
to identify and evaluate nominees for director. The committee may hire a search firm or other consultants. The committee will consider
nominees recommended by shareholders for election to the Board provided the names of such nominees, accompanied by relevant biographical
information, and relevant information about the shareholder submitting the nominee, are provided in writing to our secretary in accordance
with the requirements of our bylaws.

In furtherance of ongoing board refreshment,
the Nominating and Corporate Governance Committee is committed to ensuring that it remains composed of directors who are equipped to oversee
the success of the business, striving to maintain an appropriate balance of diversity, skills, and tenure in its composition, and intends
to continue its board refreshment over