Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1692

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9A
Chunk 1692
---
 described
below), or at the end of the employment term, she shall not be entitled to further compensation. Under the General Counsel Agreement,
Good Reason includes the assignment of duties inconsistent with her title, a material reduction in salary and perquisites, the relocation
of the Company’s principal office by 60 miles, if the Company asks her to perform any act which is illegal, including the commission
of a crime or act of moral turpitude, or a material breach of the General Counsel Agreement by the Company. Under the General Counsel
Agreement, Cause includes conviction of crime involving moral turpitude, failure to perform her duties to the Company, engaging in activities
which are directly competitive to or intentionally injurious to the Company, or any material breach of the General Counsel Agreement
by Ms. McGlasson.

42

The
above summary of the General Counsel Agreement is qualified in its entirety by reference to the full text of the GC, a copy of which
was filed as an exhibit to the Company’s 10-K for the fiscal year ended June 30, 2024.

Outstanding
Equity Awards at Fiscal Year-End

The
following table shows grants of stock options and grants of unvested stock awards outstanding on June 30, 2025, the last day of our fiscal
year, to each of the individuals named in the Summary Compensation Table.

    OPTION AWARDS 
    STOCK AWARDS 
  
    NAME 
    NUMBER OF SECURITIES UNDERLYING OPTIONS (#) EXERCISABLE  
    NUMBER OF SECURITIES UNDERLYING OPTIONS (#) UNEXERCISABLE  
    OPTION EXERCISE PRICE ($)  
    OPTION EXPIRATION DATE 
    NUMBER OF SHARES OF COMMON STOCK THAT HAVE NOT VESTED  
    MARKET VALUE OF SHARES THAT HAVE NOT VESTED ($)  
    EQUITY INCENTIVE PLAN AWARDS: NUMBER OF UNEARNED SHARES THAT HAVE NOT VESTED  
    EQUITY INCENTIVE PLAN AWARDS: MARKET OR PAYOUT VALUE OF SHARES THAT HAVE NOT VESTED ($) 
  
    Najeeb Ghauri 
         -  
            -  
        -  
     
        -  
         -  
         -  
         - 
  
    Naeem Ghauri 
     -  
     -  
     -