0001144204-09-042403 Sample Contracts

CONVERTIBLE NOTE DUE AUGUST 11, 2010 OF NETSOL TECHNOLOGIES, INC.
Convertible Note Agreement • August 12th, 2009 • Netsol Technologies Inc • Services-prepackaged software • New York

This Note (“Note”) is one of a duly authorized issue of Notes of NETSOL TECHNOLOGIES, INC., a corporation duly organized and existing under the laws of the State of Nevada (the “Company”), designated as the Company's Convertible Notes Due August 11, 2010 (as may be extended pursuant to the terms hereof, the “Maturity Date”) in an aggregate principal amount (when taken together with the original principal amounts of all other Notes) which does not exceed Two Million U.S. Dollars (U.S. $2,000,000) (the “Notes”).

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