Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 26

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 26
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 changes in control or our management. For example, without further stockholder
approval, the Board could strategically sell shares of common stock in a private transaction to purchasers who would oppose a takeover
or favor the current Board. Although this proposal to increase the authorized common stock has been prompted by business and financial
considerations and not by the threat of any hostile takeover attempt (nor is the Board currently aware of any attempts directed at us),
stockholders should be aware that approval of this Proposal 4 could facilitate future efforts by us to deter or prevent changes in control,
including transactions in which the stockholders might otherwise receive 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