13G Filing: Moab Capital Partners and Netsol Technologies Inc (NASDAQ:NTWK)

(ii)

Shared power to vote or to direct the vote

0 Shares

(iii)

Sole power to dispose or to direct the disposition of

615,200 Shares

(iv)

Shared power to dispose or to direct the disposition of

0 Shares

Moab
LLC

(a)

Amount beneficially owned:

657,534 Shares, including 42,334
Shares held in the Moab Managed Account

(b)

Percent of class:

6.0% (based upon 10,993,054 Shares
outstanding, which is the total number of Shares outstanding as of February 10, 2017 as reported in the Issuer’s Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on February 14, 2017)

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote

657,534 Shares

(ii)

Shared power to vote or to direct the vote

0 Shares

(iii)

Sole power to dispose or to direct the disposition of

657,534 Shares

(iv)

Shared power to dispose or to direct the disposition of

0 Shares

MPI

(a)

Amount beneficially owned:

14,608 Shares held in the MPI Managed
Account

(b)

Percent of class:

Less than 1% (based upon 10,993,054
Shares outstanding, which is the total number of Shares outstanding as of February 10, 2017 as reported in the Issuer’s Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on February 14, 2017)