Company: NCL
Filing Date: 2025-09-26
Form Type: S-1
Source: 0001575872-25-000602
Chunk: 74

Company: Northann Corp.
Filing Date: 2025-09-26
Form: S-1
Chunk 74
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ity insurance policies.

| 35 |

The following table and related footnotes
summarize the compensation accrued by the Company to each non-employee director for 2024:

| Name                          |     | Fees    
 Earned  
 or      
 Paid in 
 Cash    |        |     | Stock  
 Awards |        |     | Option 
 Awards |   |     | Non-Equity     
 Incentive Plan 
 Compensation   |   |     | Change in    
 Pension      
 Value        
 and          
 Nonqualified 
 Deferred     
 Compensation 
 Earnings     |   |     | All Other    
 Compensation |   |     | Total |        |
|                               |     | -$      |        |     | -$     |        |     | -$     |   |     | -$             |   |     | -$           |   |     | -$           |   |     | -$    |        |
| Bradley C. Lalonde            |     |         | 20,000 |     |        | 30,000 |     |        | - |     |                | - |     |              | - |     |              | - |     |       | 50,000 |
| Umesh Patel (1)               |     |         |  9,058 |     |        | 18,750 |     |        | - |     |                | - |     |              | - |     |              | - |     |       | 27,808 |
| Jing Zhang (2)                |     |         |      - |     |        |      - |     |        | - |     |                | - |     |              | - |     |              | - |     |       |      - |
| Charles James Schaefer IV (3) |     |         | 12,500 |     |        | 18,750 |     |        | - |     |                | - |     |              | - |     |              | - |     |       | 31,250 |
| Scott Powell (4)              |     |         | 20,000 |     |        | 30,000 |     |        | - |     |                | - |     |              | - |     |              | - |     |       | 50,000 |

(1) Umesh Patel was appointed as our independent director on May 23,
2024.

(2) Jing Zhang was appointed as our independent director on December
31,