Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 26

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 26
---
 and the non-employee directors, each of them is entitled to a certain amount of cash for each calendar year of
service on a pro-rated basis. The Company shall also offer each of them equity-based compensation, payable by issuance of the common stock
of the Company on a quarterly basis within five business days after such quarter ends. The price per share of common stock shall be the
average closing price of the Company’s common stock of the last five trading days of such quarter.

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)