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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-10-019842.txt : 20100413
<SEC-HEADER>0001144204-10-019842.hdr.sgml : 20100413
<ACCEPTANCE-DATETIME>20100413165559
ACCESSION NUMBER:		0001144204-10-019842
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100413
DATE AS OF CHANGE:		20100413
EFFECTIVENESS DATE:		20100413

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETSOL TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001039280
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				954627685
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22773
		FILM NUMBER:		10747643

	BUSINESS ADDRESS:	
		STREET 1:		23901 CALABASAS ROAD
		STREET 2:		SUITE 2072
		CITY:			CALABASAS
		STATE:			CA
		ZIP:			91302
		BUSINESS PHONE:		8182229195

	MAIL ADDRESS:	
		STREET 1:		23901 CALABASAS ROAD
		STREET 2:		SUITE 2072
		CITY:			CALABASAS
		STATE:			CA
		ZIP:			91302

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETSOL INTERNATIONAL INC
		DATE OF NAME CHANGE:	19990819

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MIRAGE HOLDINGS INC
		DATE OF NAME CHANGE:	19970519
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>v180824_defa14a.htm
<TEXT>
<html>
  <head>
    <title>Unassociated Document</title>
    <!--Licensed to: Vintage Filings-->
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    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
    </head>
    <body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 14pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: times new roman">UNITED
STATES SECURITIES AND EXCHANGE COMMISSION</font> </font></font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3"><font size="+0"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">WASHINGTON</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">, DC
20549</font></font></font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 14pt"><font style="FONT-SIZE: 16pt"><font style="FONT-SIZE: 20pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 20pt">SCHEDULE 14A</font>
</font></font></font></font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">(Rule&#160;14a-101)</font>
</font></div>
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INFORMATION</font> </font></font></font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 12pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt">Proxy Statement
Pursuant to Section&#160;14(a) of the Securities<br>Exchange Act of 1934
(Amendment No.)</font> </font></font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="+0"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Filed by the
Registrant </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#254;</font></font></font></div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt">Filed by a Party other than the Registrant
</font></font><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">o</font></font> </font></div>
    <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Check the
appropriate box:</font> </font></div>
    <div style="MARGIN: 0in 0in 0pt">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">
      <div align="center">
        <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; mso-cellspacing: 0in; mso-padding-alt: 0in 0in 0in 0in">
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              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Preliminary
      Proxy Statement </font></div>
              </td>
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font size="+0"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">&#160;</font></font></div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Confidential,
      for Use of the Commission Only </font></div>
                <div style="MARGIN: 0in 0in 0pt 18pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(as
      permitted by Rule&#160;14a-6(e)(2))</font></div>
              </td>
            </tr>
            <tr style="MSO-YFTI-IROW: 2;">
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Definitive
      Proxy Statement </font></div>
              </td>
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              </td>
            </tr>
            <tr style="MSO-YFTI-IROW: 3;">
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font size="+0"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">&#254;</font></font></font></div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Definitive
      Additional Materials</font></div>
              </td>
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              </td>
            </tr>
            <tr style="MSO-YFTI-IROW: 4; MSO-YFTI-LASTROW: yes;">
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font size="+0"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></font></div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">Soliciting
      Material Under Rule&#160;14a-12</font></div>
              </td>
              <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              </td>
              <td valign="top" width="47%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
                <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              </td>
            </tr>
        </table>
      </div>
      <div align="center">&#160;</div>
    </div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 20pt; FONT-FAMILY: Times New Roman">NetSol
Technologies, Inc.</font> </font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt">(Name of Registrant as Specified In Its
Charter)</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt">(Name of Person(s) Filing Proxy Statement, if Other Than
the Registrant)</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Payment of Filing
Fee (Check the appropriate box): </font></div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; mso-cellspacing: 0in; mso-padding-alt: 0in 0in 0in 0in">
          <tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
            </td>
            <td colspan="2" valign="top" width="97%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 98%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8"><font style="FONT-SIZE: 10pt">No fee required.</font></td>
          </tr>
          <tr style="MSO-YFTI-IROW: 1;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td colspan="2" width="97%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 2;">
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
            </td>
            <td colspan="2" valign="top" width="97%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 98%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8"><font style="FONT-SIZE: 10pt">Fee computed on table below per Exchange Act
      Rules&#160;14a-6(i)(1) and 0-11.</font></td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 3;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">1)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Title of
      each class of securities to which transaction applies:</font></div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 4;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 7;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">2)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Aggregate
      number of securities to which transaction applies:</font></div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 10;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 11;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">3)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Per unit
      price or other underlying value of transaction computed pursuant to
      Exchange Act Rule&#160;0-11 (set forth the amount on which the filing fee
      is calculated and state how it was determined):</font></div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 14;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 15;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">4)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Proposed
      maximum aggregate value of transaction:</font></div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 16;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 1pt; MSO-YFTI-IROW: 19; MSO-YFTI-LASTROW: yes;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">5)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 1pt">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Total fee
      paid:</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; mso-cellspacing: 0in; mso-padding-alt: 0in 0in 0in 0in">
          <tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
            </td>
            <td colspan="2" valign="top" width="97%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8"><font style="FONT-SIZE: 10pt">Fee paid previously with preliminary
      materials:</font></td>
          </tr>
          <tr style="MSO-YFTI-IROW: 1;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td colspan="2" width="97%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 2;">
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
            </td>
            <td colspan="2" valign="top" width="97%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8"><font style="FONT-SIZE: 10pt">Check box if any part of the fee is offset as
      provided by Exchange Act Rule&#160;0-11(a)(2) and identify the filing for
      which the offsetting fee was paid previously. Identify the previous filing
      by registration statement number, or the form or schedule <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">and</font> the date
      of its filing.</font></td>
          </tr>
          <tr style="MSO-YFTI-IROW: 3;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">1)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Amount
      previously paid:</font></div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 6;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 7;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">2)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Form,
      Schedule or Registration Statement No.:</font></div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 10;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 11;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">3)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Filing
      Party:</font></div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 14;">
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 15;">
            <td valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td nowrap valign="top" width="3%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 3%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">4)</font></div>
            </td>
            <td valign="top" width="94%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0in; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">Date
      Filed:</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>&#160;</div>
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        </div>
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        </div>
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      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">NETSOL
TECHNOLOGIES, INC. ANNOUNCES SHAREHOLDERS' MEETING RESULTS AND
ADJOURNMENT</font></div>
      <div>&#160;</div>
    </div>
    <div><font style="FONT-SIZE: 10pt">On April 13, 2010, NetSol Technologies, Inc.
(the "Company") announced that at its annual meeting of shareholders convened on
April 12, 2010, Najeeb Ghauri, Salim Ghauri, Naeem Ghauri, Eugen Beckert, Shahid
Javed Burki, Mark Caton and Alexander Shakow were all re-elected to the
Company's Board of Directors.&#160; All directors hold office until the next
annual meeting of shareholders or until their successors are duly elected and
qualified.&#160; In addition, the shareholders ratified the selection of Kabani
&amp; Company as the Company&#8217;s independent registered public accounting firm for
the fiscal year ending June 30, 2010.</font></div>
    <div>&#160;</div>
    <div><font style="FONT-SIZE: 10pt">The meeting was also called for the purpose
of approving an issuance of shares of common stock and shares of common stock
underlying warrants all issued as part of a financing which closed in June
2007.&#160; Approval of this proposal requires the approval of a majority of the
voting power of the outstanding shares present and entitled to vote on this
matter. Therefore, abstentions and broker non-votes have the same effect as
votes against such proposals.&#160; As of the time of the meeting, approximately
48% of the votes cast had been cast in favor of the proposal, with a substantial
number of broker non-votes and other shares not represented in the voting.&#160;
After considering the importance of the matter, the number of votes not cast and
the fact that shareholders represented at the meeting were so closely divided on
the proposal, shareholders present at the meeting approved a motion presented by
management to adjourn and reconvene the meeting to allow additional time to
solicit proxies from those shareholders who had not voted on the
proposal.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt">The Company's
annual meeting is adjourned to April 23, 2010, at 10:00 a.m. at the Company's
offices, located at 23901 Calabasas Road, Suite 2072, Calabasas, CA 91302.&#160;
Shareholders who have not voted on the proposal to approve the issuance of
shares are encouraged to do so promptly.&#160; For shareholders who have voted
on this proposal, no additional action is required.&#160; Proxies may be
submitted or revoked any time prior to the adjourned meeting on April 23,
2010.&#160; If you have more questions about the proposal or how to submit your
proxy, or if you need additional copies of this proxy statement or the enclosed
proxy card or voting instructions, please call the Company&#8217;s Investor Relations
or Georgeson at (800) 506-7188.&#160; </font></div>
    <div>&#160;</div>
    <div><font style="FONT-SIZE: 10pt">Shareholders and other investors are urged to
read the proxy statement, which contains important information that should be
read carefully before any decision is made with respect to this
proposal.</font></div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
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