UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): November 26, 2004
(November 26, 2004)
Commission file number: 0-22773
NETSOL TECHNOLOGIES, INC.
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(Exact name of small business issuer as specified in its charter)
NEVADA 95-4627685
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(State or other Jurisdiction of (I.R.S. Employer NO.)
Incorporation or Organization)
23901 Calabasas Road, Suite 2072, Calabasas, CA 91302
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(Address of principal executive offices) (Zip Code)
(818) 222-9195 / (818) 222-9197
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(Issuer's telephone/facsimile numbers, including area code)
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES.
On November 26, 2004, NetSol Technologies, Inc. entered into an agreement to
sell 1,000,000 shares of NetSol common stock and 400,000 warrants to acquire
shares of common stock to Mr. Aqeel Karim Dhedhi, a non-U.S. resident, for the
total offering price of $1,610,000 for an average weighted cost per share of
$1.61. The warrants are exercisable for a period of 5 years from the issuance
date.
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NETSOL TECHNOLOGIES, INC.
Date: November 26, 2004 /s/ Naeem Ghauri
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NAEEM GHAURI
Chief Executive Officer
Date: November 26, 2004 /s/ Najeeb Ghauri
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NAJEEB GHAURI
Chief Financial Officer and Chairman