Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 97

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 97
---
Plan may be abandoned or terminated at any time by the Board or Committee. Unless sooner terminated by the Board or Committee, this Plan
shall terminate on the date 10 years after its approval by the Company’s shareholders, and no Awards may be granted thereafter.
The termination of this Plan shall not affect the validity of any Award outstanding on the date of termination.

For the purpose of conforming
to any changes in applicable law or governmental regulations, or for any other lawful purpose, the Board or Committee shall have the right,
without approval of the shareholders of the Company, to amend or revise the terms of this Plan at any time; provided however, that no
such amendment or revision shall (i) with respect to this Plan, increase the Share Limit or with respect to which Awards may be made to
individual Participants (subject in each case, however, to the provisions of Section 5), materially change the class of Persons eligible
to be Participants under this Plan, materially increase the benefits accruing to Participants under this Plan, or increase the Non-Employee
Director Limit contained in Section 12 without approval or ratification of the shareholders of the Company; or (ii) with respect to an
Award previously granted under this Plan, materially adversely affect the rights of any affected Participant under any such Award without
the consent of such Participant, except (A) as otherwise specifically provided in this Plan or an Award Agreement, (B) to the extent any
such amendment or revision is made to cause this Plan to comply with applicable law, Nasdaq rules and regulations or accounting or tax
rules and regulations or (C) to the extent any such amendment or revision imposes any clawback or recoupment provisions with respect to
any Awards (including any amounts or benefits arising from such Awards) adopted by the Company from time to time.

Section 22.General.

(a)
Compliance with Law. The granting of Awards and the issuance of shares of Common Stock hereunder shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental agencies as may be required. No shares of Common Stock shall be
issued or transferred pursuant to this Plan unless and until all legal requirements applicable to such issuance or transfer have, in the
opinion of counsel to the Company, been complied with. In connection with any such issuance or transfer, the Person acquiring the shares
shall, if requested by the Company, give assurances satisfactory to counsel to the Company in respect to such matters as the Company may
deem desirable to