NETSOL Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Note 14 - Other Payable and Common Stoce To Be Issued

Note 14 - Other Payable and Common Stoce To Be Issued	12 Months Ended
Jun. 30, 2012
Other Payable And Common Stock To Be Issued	NOTE 14 – OTHER PAYABLE AND COMMON STOCK TO BE ISSUED On June 30, 2006, the Company acquired McCue Systems, Inc. (“McCue”), a California corporation (subsequently renamed as NetSol Technologies North America, Inc.) The total purchase price was $7,080,385, including $3,784,635 of cash and 171,233 shares of the Company’s common stock. Of the total purchase price, the accompanying consolidated financial statements include certain amounts payable to McCue shareholders that have not been located as of the date of this report. As of the year ended June 30, 2012 and June 30, 2011, the remaining cash due of $103,226 is shown as “Other Payable” and the remaining stock to be issued of 4,670 shares at an average price of $18.90 is shown in “Common stock to be issued” in the accompanying consolidated financial statements.

Note 14 - Other Payable and Common Stoce To Be Issued

12 Months Ended

Jun. 30, 2012

Other Payable And Common Stock To Be Issued

NOTE 14 – OTHER PAYABLE AND COMMON STOCK TO BE ISSUED

On June 30, 2006, the Company acquired McCue Systems, Inc. (“McCue”), a California corporation (subsequently renamed as NetSol Technologies North America, Inc.) The total purchase price was $7,080,385, including $3,784,635 of cash and 171,233 shares of the Company’s common stock. Of the total purchase price, the accompanying consolidated financial statements include certain amounts payable to McCue shareholders that have not been located as of the date of this report.

As of the year ended June 30, 2012 and June 30, 2011, the remaining cash due of $103,226 is shown as “Other Payable” and the remaining stock to be issued of 4,670 shares at an average price of $18.90 is shown in “Common stock to be issued” in the accompanying consolidated financial statements.