Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 680

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 680
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 to such shares, subject to community property laws where
applicable. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes
voting or investment power with respect to securities.

(2)
Beneficial ownership is determined in accordance with the rules of the Commission and generally includes voting or investment power with
respect to securities. Shares of common stock relating to share grants that will vest or options currently exercisable or exercisable
within 60 days of September 18, 2025, are deemed outstanding for computing the percentage of the person holding such securities but are
not deemed outstanding for computing the percentage of any other person. Except as indicated by footnote, and subject to community property
laws where applicable, the persons named in the table above have sole voting and investment power with respect to all shares shown as
beneficially owned by them.

(3)
Address c/o NetSol Technologies, Inc. at 16000 Ventura Blvd., Suite 770, Encino, CA 91436.

(4)
Shares issued and outstanding as of September 18, 2025 were 11,785,540.

(5)
5% or greater shareholder based on Schedule 13G filing on February 13, 2024.

47

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE. 

Transactions
with Related Persons, Promoters and Certain Control Persons

Other
than compensation arrangements for our executive officers and directors, which are described under “Executive and Director Compensation”,
since July 1, 2024, and as described below, there are no transactions to which we were a party in which (i) the amount involved exceeded
or will exceed the lesser of $120,000 of one percent (1%) of our average total assets at year-end for the last two completed fiscal years
and (ii) any of our directors, executive officers or holders of more than 5% of our capital stock, or any member of the immediate family
of, or person sharing the household with, any of the foregoing persons, had or will have a direct or indirect material interest.

Najeeb
Ghauri, our Chief Executive Officer, has immediate family members employed by the Company. These family members are compensated in accordance
with the Company’s standard employment and compensation practices applicable to employees in similar positions. Other than compensation,
there are no related-party transactions with these individuals requiring disclosure under Item 404 of Regulation S