SEC Info - Netsol Shareholders Group LLC, et al. - ‘SC 13D/A’ on 5/17/01 re: Netsol Technologies Inc

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Netsol Shareholders Group LLC, et al. – ‘SC 13D/A’ on 5/17/01 re: Netsol Technologies Inc

On: Thursday, 5/17/01, at 8:09am ET · Accession #: 1095811-1-502375 · File #: 5-56913

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/17/01  Netsol Shareholders Group LLC     SC 13D/A               1:23K  Netsol Technologies Inc           Bowne of Los Ang… Inc/FA
          Blue Water Master Fund, L.P.
          Blue Water Partners II, L.P.
          Dr. Henry Vogel
          Netsol Shareholders Group LLC
          PSM International Limited

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Schedule 13D Amendment #3                             13     45K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Identity and Background Interest in Securities of the Issuer Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
11	Item 1. Security and Issuer
"	Item 2. Identity and Background
"	Item 3. Source and Amount of Funds or Other Consideration
"	Item 4. Purpose of Transaction
"	Item 5. Interest in Securities of the Issuer

SC 13D/A 1st Page of 13 TOC ↑Top Previous Next ↓Bottom Just 1st
 

SCHEDULE 13D

(RULE 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)*

  NETSOL INTERNATIONAL, INC.
(Name of Issuer)

 COMMON STOCK, $.001 par value
(Title of Class of Securities)

 64115A105
(CUSIP Number)

JOHN C. KIRKLAND, ESQ.
Greenberg Traurig, LLP
2450 Colorado Avenue, Suite 400E
Santa Monica, California 90404
(310) 586-7700
 (Name, Address and Telephone Number of Person Authorized to
 Receive Notices and Communications)

May 17, 2001
 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition that is the subject of this Schedule 13D, and is filing this    
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d 1(g), check the
following box [ ].                                                              

NOTE: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.                                                  

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter           
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

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SCHEDULE 13D

CUSIP NO. 64115 A 105                                                           

(1)      NAMES OF REPORTING PERSONS                                             
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   

NetSol Shareholders Group, LLC                                
        ----------------------------------------------------------------------
I.R.S. Identification No. --                                  

(2)      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) [x] 
                                                                       (b) [ ]
        ----------------------------------------------------------------------
(3)      SEC USE ONLY                                                           

        ----------------------------------------------------------------------
(4)      SOURCE OF FUNDS*                                                       

OO                                                            
        ----------------------------------------------------------------------
(5)      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS  IS REQUIRED              
        PURSUANT TO ITEMS 2(d) OR 2(e)                                     [ ]

        ----------------------------------------------------------------------
(6)      CITIZENSHIP OR PLACE OF ORGANIZATION                                   

Nevada                                                        
        ----------------------------------------------------------------------
(7)   SOLE VOTING POWER   

NUMBER OF                      1,000                                        
  SHARES                 -----------------------------------------------------
BENEFICIALLY              (8)   SHARED VOTING POWER                           
OWNED BY                                                                    
EACH                         0                                          
 REPORTING               -----------------------------------------------------
PERSON WITH               (9)   SOLE DISPOSITIVE POWER                        

1,000         
                         -----------------------------------------------------
   (10)   SHARED DISPOSITIVE POWER

0             
                         -----------------------------------------------------
(11)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

1,000                                                         
        ----------------------------------------------------------------------
(12)     CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
CERTAIN  SHARES*                                              
                                                                           [ ]
        ----------------------------------------------------------------------

(13)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

0%                                                            
        ----------------------------------------------------------------------
(14)     TYPE OF REPORTING PERSON*                                              

OO                                                            
        ----------------------------------------------------------------------
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

SC 13D/A 3rd Page of 13 TOC 1st Previous Next ↓Bottom Just 3rd

SCHEDULE 13D

CUSIP NO. 64115 A 105                                                           

(1)      NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 
(ENTITIES ONLY)                                               

Blue Water Master Fund, L.P.                                  
        ----------------------------------------------------------------------
I.R.S. Indentification No. - 98-0198093                       

(2)      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) [X] 
                                                                       (b) [ ]
        ----------------------------------------------------------------------
(3)      SEC USE ONLY                                                           

        ----------------------------------------------------------------------
(4)      SOURCE OF FUNDS*                                                       

OO                                                            
        ----------------------------------------------------------------------
(5)      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                       [ ] 
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                    
        ----------------------------------------------------------------------
(6)      CITIZENSHIP OR PLACE OF ORGANIZATION                                   

British Virgin Islands                                        
        ----------------------------------------------------------------------
(7)     SOLE VOTING POWER 

NUMBER OF                        2,175,200                                  
  SHARES                 -----------------------------------------------------
BENEFICIALLY              (8)     SHARED VOTING POWER                         
OWNED BY                                                                    
EACH                            0                                       
 REPORTING               -----------------------------------------------------
PERSON WITH               (9)     SOLE DISPOSITIVE POWER                      

2,175,200 
                         -----------------------------------------------------
     (10)     SHARED DISPOSITIVE POWER

0         
                         -----------------------------------------------------

(11)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

2,175,200                                                     
        ----------------------------------------------------------------------
(12)     CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN             
SHARES*                                                       
                                                                           [ ]
        ----------------------------------------------------------------------
(13)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

SC 13D/A 4th Page of 13 TOC 1st Previous Next ↓Bottom Just 4th

18.5%                                                         
        ----------------------------------------------------------------------
(14)     TYPE OF REPORTING PERSON*                                              

PN                                                            
        ----------------------------------------------------------------------
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

SC 13D/A 5th Page of 13 TOC 1st Previous Next ↓Bottom Just 5th

SCHEDULE 13D

 CUSIP NO. 64115 A 105
 ---------

(1)      NAMES OF REPORTING PERSONS                                             
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   

Blue Water Partners II, L.P.                                  
        ----------------------------------------------------------------------
I.R.S. Identification No. --                                  

(2)      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) [x] 
                                                                       (b) [ ]
        ----------------------------------------------------------------------
(3)      SEC USE ONLY                                                           

        ----------------------------------------------------------------------
(4)      SOURCE OF FUNDS*                                                       

OO                                                            
        ----------------------------------------------------------------------
(5)      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS  IS REQUIRED              
        PURSUANT TO ITEMS 2(d) OR 2(e)                                     [ ]

        ----------------------------------------------------------------------
(6)      CITIZENSHIP OR PLACE OF ORGANIZATION                                   

Delaware                                                      
        ----------------------------------------------------------------------
(7)   SOLE VOTING POWER   

NUMBER OF                      277,400                                      
  SHARES                 -----------------------------------------------------
BENEFICIALLY              (8)   SHARED VOTING POWER                           
OWNED BY                                                                    
EACH                         0                                          
 REPORTING               -----------------------------------------------------
PERSON WITH               (9)   SOLE DISPOSITIVE POWER                        

277,400       
                         -----------------------------------------------------
   (10)   SHARED DISPOSITIVE POWER

0             
                         -----------------------------------------------------
(11)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

277,400                                                       
        ----------------------------------------------------------------------
(12)     CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
CERTAIN  SHARES*                                              
                                                                           [ ]
        ----------------------------------------------------------------------

SC 13D/A 6th Page of 13 TOC 1st Previous Next ↓Bottom Just 6th

(13)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

2.4%                                                          
        ----------------------------------------------------------------------
(14)     TYPE OF REPORTING PERSON*                                              

PN                                                            
        ----------------------------------------------------------------------
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

SC 13D/A 7th Page of 13 TOC 1st Previous Next ↓Bottom Just 7th

SCHEDULE 13D

 CUSIP NO. 64115 A 105
 ---------

(1)      NAMES OF REPORTING PERSONS                                             
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   

PSM International Limited                                     
        ----------------------------------------------------------------------
I.R.S. Identification No. - n/a                               

(2)      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) [X] 

                                                                       (b) [ ]
        ----------------------------------------------------------------------
(3)      SEC USE ONLY                                                           

        ----------------------------------------------------------------------
(4)      SOURCE OF FUNDS*                                                       

OO                                                            
        ----------------------------------------------------------------------
(6)      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED               
        PURSUANT TO ITEMS 2(d) OR 2(e)                                     [ ]

        ----------------------------------------------------------------------
(6)      CITIZENSHIP OR PLACE OF ORGANIZATION                                   

Isle of Man                                                   
        ----------------------------------------------------------------------
(7)   SOLE VOTING POWER   

NUMBER OF                      100,000                                      
  SHARES                 -----------------------------------------------------
BENEFICIALLY              (8)   SHARED VOTING POWER                           
OWNED BY                                                                    
EACH                         0                                          
 REPORTING               -----------------------------------------------------
PERSON WITH               (9)   SOLE DISPOSITIVE POWER                        

100,000       
                         -----------------------------------------------------
   (10)   SHARED DISPOSITIVE POWER

0             
                         -----------------------------------------------------
(11)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

100,000                                                       
        ----------------------------------------------------------------------

(13)     CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
CERTAIN  SHARES*                                              
                                                                           [ ]
        ----------------------------------------------------------------------
(13)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

SC 13D/A 8th Page of 13 TOC 1st Previous Next ↓Bottom Just 8th

.9%                                                           
        ----------------------------------------------------------------------
(14)     TYPE OF REPORTING PERSON*                                              

CO                                                            
        ----------------------------------------------------------------------
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

SC 13D/A 9th Page of 13 TOC 1st Previous Next ↓Bottom Just 9th

SCHEDULE 13D

CUSIP NO. 64115 A 105                                                           

(1)      NAMES OF REPORTING PERSONS                                             
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   

Dr. Henry Vogel                                               
        ----------------------------------------------------------------------
I.R.S. Identification No. n/a                                 

(2)      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) [X] 
                                                                       (b) [ ]
        ----------------------------------------------------------------------
(3)      SEC USE ONLY                                                           

        ----------------------------------------------------------------------
(4)      SOURCE OF FUNDS*                                                       

OO                                                            
        ----------------------------------------------------------------------
(5)      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS                       [ ] 
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                    

        ----------------------------------------------------------------------
(6)      CITIZENSHIP OR PLACE OF ORGANIZATION                                   

USA                                                           
        ----------------------------------------------------------------------
(7)     SOLE VOTING POWER 

NUMBER OF                        463,240                                    
  SHARES                 -----------------------------------------------------
BENEFICIALLY              (8)     SHARED VOTING POWER                         
OWNED BY                                                                    
EACH                            0                                       
 REPORTING               -----------------------------------------------------
PERSON WITH               (9)     SOLE DISPOSITIVE POWER                      

463,240   
                         -----------------------------------------------------
     (10)     SHARED DISPOSITIVE POWER

0         
                         -----------------------------------------------------
(11)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

463,240                                                       
        ----------------------------------------------------------------------
(12)     CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN             
SHARES*                                                       
                                                                           [ ]
        ----------------------------------------------------------------------
(13)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

SC 13D/A 10th Page of 13 TOC 1st Previous Next ↓Bottom Just 10th

4.0%                                                          
        ----------------------------------------------------------------------
(14)     TYPE OF REPORTING PERSON*                                              

IN                                                            
        ----------------------------------------------------------------------
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

SC 13D/A 11th Page of 13 TOC 1st Previous Next ↓Bottom Just 11th

ITEM 1 SECURITY AND ISSUER                                                      

         The Schedule 13D filed with the U.S. Securities and Exchange Commission
(the "SEC") on April 26, 2001, by Blue Water Master Fund, L.P., a limited       
partnership formed in Curacao, Netherland Antilles, relating to the common      
shares, $.001 par value (the "Shares") of NetSol International, Inc., a Nevada  
Corporation (the "Issuer") as amended on April 27, 2001 and May 14, 2001, is    
hereby amended to furnish and restate the information set forth herein. The     
address of the principal executive offices of the Issuer is 24025 Park Sorrento,
Suite 220, Calabasas, CA 91302.                                                 

ITEM 2 IDENTITY AND BACKGROUND                                                  

(b)      Group -- 6 Chanticlare, Manhasset, New York 11030                      

       BW Master Fund -- c/o Citco Fund Services, Kaya Flamboyan 9, Curacao,
Netherland Antilles                                                             

BW Partners -- 6 Chanticlare, Manhasset, New York 11030       

PSM -- The Old Rectory, Tot Hill, Alfoed Links, UK            

Dr. Vogel -- 143 Maple Avenue, Cedarhurst, New York 11516     

ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                        

    The aggregate amount of shares purchased were 3,016,840 (the
"Registrants' Shares"). The sources of funding for the purchase of the          
Registrants' Shares were the personal funds of Dr. Vogel and the working capital
of each of the Group, BW Master Fund, BW Partners and PSM.                      

ITEM 4   PURPOSE OF TRANSACTION                                                 

    BW Master Fund called a special meeting of Stockholders (the
"Special Meeting") for June 1, 2001 which the Issuer has noticed to be held at  
the offices of the Issuer at Y-126 Comm DHA, Lahore, Pakistan, or such other    
time and location as is designated by the Board of Directors (the "Board") of   
the Issuer and at any adjournments, postponements or reschedules thereof. At the
Special Meeting, the Group will seek to amend the Bylaws of the Issuer (the     
"Bylaws"), to increase and fix the number of authorized Directors of the Issuer 
at fifteen (15) directors (the "Board Increase") and to elect seven (7) new     
directors (the "New Directors") to fill the vacancies on the Board created by   
the Board Increase. The Group's current nominees (each a "Nominee" and,         
collectively, the "Nominees") to be New Directors are the following:            

1.       Jonathan D. Iseson                             
2.       Gregory J. Martin                              
3.       Peter R. Sollenne                              
4.       Timothy J. Moynagh                             
5.       Eddy Raymond Maria Verresen                    
6.       Shelly Singhal                                 
7.       Donald L. Danks                                

Each of the Nominees has been selected by the Group.    

      In addition to seeking to amend the Bylaws and appoint the New
Directors at the Special Meeting, the Group seeks to amend the Bylaws and       
appoint the New Directors by written consent in accordance with Section         
78.320(2) at the Nevada Revised Statutes ("NRS"). Section 1 of Article V of the 
Bylaws provides that the Bylaws may be amended by the affirmative vote of       
stockholders of the Issuer holding of record in the aggregate at least a        
majority of the outstanding shares of stock entitled to vote in the election of 
directors at any annual or special meeting of stockholders, provided that the   
notice or waiver of notice of such meeting shall have summarized or set forth in
full therein, the proposed amendment. Pursuant to NRS Section 78.320(2) any     
action required or permitted to be taken at a meeting of the Stockholders may be
taken without a meeting if a written consent thereto is signed by stockholders  
representing not less than a majority of the voting power of the issued and     
outstanding stock entitled to voting power. NRS Section 78.320(3) provides that 
in no instance where action is authorized by written consent need a meeting of  
stockholders be called or notice given.                                         

           The Group's proposed Board Increase, if approved, will create seven
(7) vacancies on the Board. Sections 4.1 and 4.3 of Article II of the Bylaws    
provide that vacancies on the Board may be filled by the vote of a majority of  
the outstanding shares entitled to vote, represented at a duly held meeting at  
which a quorum is present, or by the written consent of holders of the majority 
of the outstanding shares entitled to vote; each director so elected shall hold 
office until the next annual meeting of the stockholders of the Issuer and until
a successor has been elected and qualified.                                     

         In accordance with Section 78.320(2) and 78.320(3) of the NRS and
consistent with both the Articles of Incorporation and Bylaws of the issuer, the
Group may effect the Board Increase and the election of the Nominees as New     
Directors by obtaining the written consent of Stockholders holding the required 
majority voting power without holding a special meeting of Stockholders and     
without giving prior notice of such action to the Stockholders. If Stockholders 
representing not less than a majority of the voting power of the issued and     
outstanding stock entitled to voting power return executed written consents to  
the Group enacting the Board increase and electing the New Directors, such      
action may be taken by such written consent in lieu of the Special Meeting.     

           This summary of the preliminary proxy statement does not purport to
be complete and is qualified in its entirety by reference to the complete text  
of the preliminary proxy statement which is incorporated herein by reference to 
Amended Preliminary Proxy Statement ("Schedule 14A") filed by the Group with the
SEC on May 17, 2001.                                                            

  Depending on the market price of the Shares and upon other
conditions, Registrants may acquire additional Shares from time to time in the  
open market or otherwise or may seek to acquire Shares from the Issuer, at      
prices which Registrants may determine to be appropriate. In addition, depending
upon market prices and other conditions, Registrants may dispose of Shares at   
any time and from time to time in the open market or otherwise at prices which  
Registrants may determine to be appropriate.                                    

ITEM 5 INTEREST IN SECURITIES OF THE ISSUER                                     

(a)         As of the close of business on May 11, 2001, Registrants may be     
deemed to beneficially own, in the aggregate, 3,016,840 Shares, representing    
approximately 25.7% of the Issuer's outstanding Shares (based upon the 1,731,440
Shares stated to be outstanding as of May 11, 2001, by the Issuer in the        
Issuer's Quarterly Report on Form 10-QSB, filed with the Securities and Exchange
Commission on May 15, 2001).                                                    

(b)         BW Master Fund has sole voting power and sole dispositive power with
regard to 2,175,200 Shares. BW Partners has sole voting power and sole          
dispositive power with regard to 277,400 Shares. The limited partners of BW     
Master Fund are Blue Water Partners I, L.P. and Blue Water Fund, Ltd. Because   
they are the only limited partners of BW Master Fund, their ownership of        
interests in BW Master Fund may, under SEC interpretations, be deemed ownership 
of the securities owned by                                                      

SC 13D/A 12th Page of 13 TOC 1st Previous Next ↓Bottom Just 12th

BW Master Fund. Blue Water Partners I, L.P. and Blue Water Fund, Ltd. each      
specifically disclaims ownership of the securities described in this report. BW 
Partners holds title to and has sole power to vote or to direct the vote of     
277,400 of the 2,452,600 Shares described in this filing. Blue Water Partners,  
L.L.C. is the general partner of each of BW Master Fund, and BW Partners, and as
such may, under SEC interpretations, be deemed a beneficial owner of the        
securities held by the partnerships. Blue Water Partners, L.L.C. specifically   
disclaims ownership of the securities described in this report. JDI Management  
Corp. provides investment advisory services to Blue Water Partners, L.L.C., and 
as such may, under SEC interpretations, be deemed a beneficial owner of the     
securities held by the partnerships. JDI Management Corp. specifically disclaims
ownership of the securities described in this report. Jonathan D. Iseson holds a
controlling interest in JDI Management Corp. and as such may, under SEC         
interpretations, be deemed a beneficial owner of the securities held by the     
partnerships. Jonathan D. Iseson specifically disclaims ownership of the        
securities described in this report.                                            

PSM has sole voting power and sole dispositive power with regard to 100,000     
Shares. Dr. Vogel has the sole voting power and sole dispositive power with     
regard to 463,240 Shares. The Group has sole voting power and dispositive power 
with regard to 1,000 shares.                                                    

(c)         The following table sets forth all transactions with respect to     
Shares effected by any of the Registrants during the past sixty (60) days. All  
such transactions were effected in the open market, and exclude commissions     
paid.                                                                           

                                                                [Download Table]

 SHAREHOLDERS  NO.OF SHARES PURCHASE   NO. OF SHARES SOLD  DATE OF TRANSACTION
 ------------  ---------------------   ------------------  -------------------
                                                                              
    Group             100                                      May 10, 2001   
------------------------------------------------------------------------------
    Group             250                                      May 11, 2001   
------------------------------------------------------------------------------
    Group             650                                      May 11, 2001   
------------------------------------------------------------------------------

(d)         Not applicable                                                      

(e)         Not applicable                                                      

SC 13D/A Last Page of 13 TOC 1st Previous Next ↓Bottom Just 13th

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify  
that the information set forth in this statement is true, complete and correct. 

Dated:  May 17, 2001                                                            

BLUE WATER MASTER FUND, L.P.                                                    

By:  Blue Water Partners, L.L.C.                                                
Its: General Partner                                                            

By:  JDI Management Corp.                                     
Its: Principal                                                

/s/   JONATHAN D. ISESON                    
----------------------------------          
By:  Jonathan D. Iseson                     
Its Principal             

BLUE WATER PARTNERS II, L.P.                                                    

By:  Blue Water Partners, L.L.C.                                                
Its: General Partner                                                            

By:  JDI Management Corp.                                     
Its: Principal                                                

/s/   JONATHAN D. ISESON                    
----------------------------------          
By:  Jonathan D. Iseson                     
Its Principal             

PSM INTERNATIONAL LIMITED                                                       

By:                                                                             

/s/ GRAEME GLEW                                                                 
----------------------------------                                              
Name: Graeme Glew                                                               
Its: Managing Director                                                          

/s/ DR. HENRY VOGEL                                                             
----------------------------------                                              
Dr. Henry Vogel                                                                 

NETSOL SHAREHOLDERS GROUP, LLC                                                  

By:  Blue Water Master Fund, L.P.                                               
Its: Manager                                                                    

By:  Blue Water Partners, LLC                                 
Its: General Partner                                          

/s/   JONATHAN D. ISESON                    
----------------------------------          
By:  Jonathan D. Iseson                     
Its: Principal

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

	6/1/01	11		DEFA14A, PREC14A, PREN14A
Filed on:	5/17/01	1	13	DFAN14A, PRRN14A
	5/15/01	11		10QSB
	5/14/01	11		SC 13D/A
	5/11/01	11	12
	5/10/01	12		DFAN14A
	4/27/01	11		PREN14A, SC 13D/A
	4/26/01	11		SC 13D
				List all Filings

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Filing Submission 0001095811-01-502375 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Netsol Shareholders Group LLC, et al. – ‘SC 13D/A’ on 5/17/01 re: Netsol Technologies Inc

On: Thursday, 5/17/01, at 8:09am ET · Accession #: 1095811-1-502375 · File #: 5-56913

Previous ‘SC 13D’: ‘SC 13D/A’ on 5/14/01 · Next & Latest: ‘SC 13D/A’ on 6/4/01

Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents