Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 93

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 93
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 (iv) of the definition of “Change of Control,” in connection with which each Award is assumed or an
equivalent award substituted by the successor entity or a parent or subsidiary of such successor entity.

Section 17.Prohibition on Repricing. Except in connection
with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash
dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares), the Committee
may not, without shareholder approval, (a) amend the terms of outstanding Stock Options or Stock Appreciation Rights to reduce the exercise
price or strike price, respectively, (b) cancel any outstanding Stock Options or Stock Appreciation Rights in exchange for other Stock
Options or Stock Appreciation Rights with an exercise price or strike price that is less than the exercise price or strike price of the
original Stock Options or Stock Appreciation Rights, respectively, (c) cancel any outstanding Stock Options or Stock Appreciation Rights
with an exercise price or strike price above the current Fair Market Value of a share of Common Stock in exchange for cash or another
Award, or (d) take any other action that would be treated as a repricing under the rules of Nasdaq.

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Section 18.Tax Matters.

(a) Withholding Payments. If, upon the grant, exercise, release of restrictions or settlement of or in respect of an Award, or upon any
other event or transaction under or relating to this Plan, there shall be payable by the Company or a Subsidiary any amount for income
or employment tax withholding, in the Committee’s Discretion, either the Company shall appropriately reduce the amount of Common
Stock, cash or other property to be paid to the Participant or the Participant shall pay such amount to the Company or Subsidiary to enable
it to pay or to reimburse it for paying such income or employment tax withholding. The Committee may, in its Discretion, permit Participants
to satisfy such withholding obligations, in whole or in part, by (i) electing to require the Participant to make a cash payment to the
Company in an amount equal to any such withholding tax obligation at the time or at any time after such withholding tax obligation is
due and payable, (ii) electing to have the amount of Common Stock delivered or deliverable by the Company in respect of an Award appropriately
reduced, (iii) electing to tender Common Stock