Company: NEOV
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007811
Chunk: 25

Company: NeoVolta Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 25
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 stock option, and for payment of the tax obligation associated with an award: (i) cash; (ii) cash received from a
broker-dealer to whom the holder has submitted an exercise notice together with irrevocable instructions to deliver promptly to us the
amount of sales proceeds from the sale of the shares subject to the award to pay the exercise price or withholding tax; (iii) by directing
us to withhold shares of common stock otherwise issuable in connection with the award having a fair market value equal to the amount required
to be withheld; and (iv) by delivery of previously acquired shares of common stock that are acceptable to the Committee and that have
an aggregate fair market value on the date of exercise equal to the exercise price or withholding tax, or certification of ownership by
attestation of such previously acquired shares.

Provisions Relating to a “Change in Control” of the Company. Notwithstanding any other provision of the 2019 Plan or any award agreement, in
the event of a “Change in Control” of the company, the Committee has the discretion to provide that all outstanding awards
will become fully exercisable, all restrictions applicable to all awards will terminate or lapse, and performance goals applicable to
any stock awards will be deemed satisfied at the target level. In addition, upon such Change in Control, the Committee has sole discretion
to provide for the purchase of any outstanding stock option for cash equal to the difference between the exercise price and the then fair
market value of the common stock subject to the option had the option been currently exercisable, make such adjustment to any award then
outstanding as the Committee deems appropriate to reflect such Change in Control and cause any such award then outstanding to be assumed
by the acquiring or surviving corporation after such Change in Control.

Amendment of Award Agreements; Amendment and Termination of the 2019 Plan; Term of the 2019 Plan. The Committee may amend any award agreement at any time, provided
that no amendment may adversely affect the right of any participant under any agreement in any material way without the written consent
of the participant, unless such amendment is required by applicable law, regulation or stock exchange rule.

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The Board may terminate, suspend
or amend the 2019 Plan, in whole or in part, from time to time, without the approval of the stockholders, unless such approval is required
by applicable law, regulation or stock exchange rule, and provided that no amendment may adversely affect the right of any