Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 369

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 369
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 multi-year maintenance and technical upgrade agreement with the captive finance arm of a leading Japanese
automotive manufacturer. The agreement, with a total cost of ownership exceeding $4 million, governs the upgrade and extended support
of the client’s retail finance platform through 2027. The scope includes comprehensive system upgrades, implementation of enhanced
security protocols, performance optimization, and full-cycle testing.

● We
broadened our revenue base and expanded our managed service portfolio by securing three new client engagements covering audit, business
process outsourcing (BPO), and standby services. One of these clients is already live on our redesigned standby platform. Collectively,
these contracts are expected to contribute nearly $400,000 in incremental revenues over their respective terms, pursuant to the terms
and service levels defined in each executed agreement.

● We
formalized an agreement with the captive finance division of a prominent North American automotive retailer to conduct a structured discovery
and assessment phase. This engagement, projected to generate approximately $800,000 in revenue, is aimed at evaluating current platform
capabilities, identifying custom development opportunities, and defining the scope for a future technology solution. The outcome of this
phase will inform a potential omnichannel transformation strategy focused on enhancing customer experience and operational efficiency.

● We
have generated approximately $6.1 million in revenue through the successful implementation of client-approved platform modifications
and enhancement requests. These initiatives were executed across multiple regional markets in accordance with the terms of individual
service orders, ensuring continuity, improved performance, and alignment with evolving business needs.

● We
entered into an agreement with a Chinese leasing company to deploy our Transcend™ Finance Suite, including Omni POS, Contract Management
System, and a customized funding platform compliant with local regulations. The contract is expected to generate approximately $2.7 million
in revenue during the contract term.

● We
partnered with Sindbad Management SPC to implement Transcend™ Finance Platform (Point-of-Sale, Credit Underwriting, Contract Management)
under a scalable pricing model, supporting high-value asset financing and regional growth. The contract is expected to generate $1.7
million in revenue during the contract term.

● We
secured $1 million in additional revenue for the ongoing Transcend™ Retail Platform implementation for a U.S. auto manufacturer,
driven by customizations to meet their evolving business needs.

● We
amended an agreement with an existing UK/EU client that will provide additional revenue of €3 million, further strengthening the
long-term partnership.