Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 49

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 49
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 Company and not as directors.

| NAME            |     | FEES EARNED OR PAID IN CASH ($) |         |     | SHARE AWARDS ($) |         |     | TOTAL ($) |         |
| Mark Caton      |     |                                 |  53,000 |     |                  |  53,000 |     |           | 106,000 |
| Kausar Kazmi    |     |                                 |  53,000 |     |                  |  53,000 |     |           | 106,000 |
| Michael Francis |     |                                 |  53,000 |     |                  |  53,000 |     |           | 106,000 |
|                 |     |                                 | 159,000 |     |                  | 159,000 |     |           | 318,000 |

Independent members of our Board of Directors are also eligible to receive stock option or stock award grants both upon joining the Board of Directors and on an annual basis in line with recommendations by the Compensation Committee, which grants are non-qualified stock options under our Employee Stock Option Plans. Further, from time to time, the non-employee members of the Board of Directors are eligible to receive stock grants that may be granted if and only if approved by the shareholders of the Company.

| 37 |

CODE OF ETHICS

Code of Business Conduct & Ethics

The Company adopted its Code of Business Conduct & Ethics, as amended, and restated in November 2014, applicable to every officer, director, and employee of the Company, including, but not limited to the Company’s principal executive officer, principal financial officer, and principal accounting officer or controller, or persons performing similar functions. Our Code of Business Conduct & Ethics has been posted on our website and may be viewed https://ir.netsoltech.com/governance-docs

INFORMATION ABOUT DIRECTOR NOMINEES

The Board is currently comprised of fivemembers.

Each nominee receiving a majority of affirmative votes of the shares present in person or represented by proxy and entitled to vote for them, a quorum being present, shall be elected as directors. Only votes cast for a nominee will be counted, except that the accompanying proxy will be voted for all nominees in the absence of instruction to the contrary. Abstentions, broker non-votes and instructions on the accompanying proxy to withhold authority to vote for one or more nominees will result in the respective nominees receiving fewer votes. However, the number of votes otherwise