Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1403

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7A
Chunk 1403
---
 permitted services; and

(iii) Prohibits
the performance by the independent auditors of certain types of services due to the likelihood that their independence would be impaired.

Any
approval required under the policy must be given by the Audit Committee, by the Chair of the Committee in office at the time, or by any
other Committee member to whom the Committee has delegated that authority. The Audit Committee does not delegate its responsibilities
to approve services performed by the independent auditors to any member of management.

The
standard applied by the Audit Committee in determining whether to grant approval of an engagement of the independent auditors is whether
the services to be performed, the compensation to be paid therefore and other related factors are consistent with the independent auditors’
independence under guidelines of the Securities and Exchange Commission and applicable professional standards. Relevant considerations
include, but are not limited to, whether the work product is likely to be subject to, or implicated in, audit procedures during the audit
of NETSOL’s financial statements; whether the independent auditors would be functioning in the role of management or in an advocacy
role; whether performance of the service by the independent auditors would enhance NETSOL’s ability to manage or control risk or
improve audit quality; whether performance of the service by the independent auditors would increase efficiency because of their familiarity
with NETSOL’s business, personnel, culture, systems, risk profile and other factors; and whether the amount of fees involved, or
the proportion of the total fees payable to the independent auditors in the period that is for tax and other non-audit services, would
tend to reduce the independent auditors’ ability to exercise independent judgment in performing the audit.

All
services provided by Fortune CPA in the fiscal year ended June 30, 2025, were pre-approved by the Audit Committee.

49

PART
IV

ITEM
15 – EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K 

(a)
Exhibits

3.1Amended
                                            and Restated Articles of Incorporation filed with the Nevada Secretary of State on June 26,
                                            2025*

3.2Amended
                                            and Restated Bylaws of NetSol Technologies, Inc. dated February 9, 2018*.

4.1Form
                                            of Common Stock Certificate. *

10.1Stock
                                            Purchase Agreement dated May 6, 2006 by and between the Company, McCue