Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 7

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 7
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 majority of the outstanding 
 shares of common stock entitled to vote are present at the virtual meeting, either in person or by proxy. Abstentions will be included       
 in the calculation of the number of shares considered to be present for purposes of determining whether a quorum is present.                 |

| Q: |     | How Many Votes Are Required to Approve a Proposal? |

| A: | If a quorum is present, the vote of a majority of votes present, in person or represented by proxy at                                        
 the meeting and entitled to vote on the election of directors, is required to elect directors. The vote of a majority of the votes cast      
 is required to ratify the selection of our independent registered public accounting firm, to approve the proposal to approve, on an advisory 
 basis, the named executive officer compensation, to approve an amendment of the articles of incorporation to increase the authorized shares  
 of capital and common stock and, to approve the adoption of the 2025 Equity Incentive Plan.                                                  |

| Q: |     | What                  
 is a Broker Non-Vote? |

| A: | Under the rules that govern nominees, who have record ownership of shares that are held in “street                                             
 name” for account holders (who are the beneficial owners of the shares), nominees typically have the discretion to vote such shares            
 on routine matters, but not on non-routine matters. If a nominee has not received voting instructions from an account holder and does          
 not have discretionary authority to vote shares on a particular item, a “broker non-vote” occurs. Shares                                       
 that constitute broker non-votes with respect to a particular proposal will not be considered present and entitled to vote on that proposal    
 at the Annual Meeting even though the same shares will be considered present for purposes of establishing a quorum and may be entitled         
 to vote on other proposals. However, in certain circumstances, such as the appointment of the independent registered public accounting         
 firm, and an amendment to increase the number of shares of authorized common stock, the broker, bank, or other nominee has discretionary       
 authority and therefore is permitted to vote your shares even if the broker, bank, or other nominee does not receive voting instructions       
 from you. Election of directors and the advisory vote to approve the Company’s named executive officer compensation are not considered         
 “routine” matters and as a result, your broker, bank, or other nominee will not have discretion to vote on these matters at                    
 the Annual Meeting unless you provide applicable instructions to do so. Therefore,