Company: MVNC
Filing Date: 2025-01-21
Form Type: DEF 14C
Source: 0001683168-25-000446
Chunk: 36

Company: Marvion Inc.
Filing Date: 2025-01-21
Form: DEF 14C
Chunk 36
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stockholders fail to approve this Amendment, the existing Plan shall continue in full force and effect.

NOW, THEREFORE, pursuant to Section 14 of
the Plan, the Plan is hereby amended as follows, effective as of the Effective Date.

1. Section 5(a)(1) of the Plan
is hereby amended and restated to read as follows

(i) Subject to adjustment as provided in Paragraph
XIII, the aggregate number of shares of Common Stock reserved and available for grant and issuance pursuant to this Plan as of the date
of adoption of the Plan by the Board, is 37,075,060. The number of shares of Common Stock available for grant and issuance under the Plan
shall be increased on January 1, of each of the ten (10) calendar years during the term of the Plan following September 11, 2023, by the
lesser of (i) two and one half percent (2.5%) of the number of shares of Common Stock issued and outstanding on each December 31 immediately
prior to the date of increase or (ii) such number of Shares determined by the Board; provided, however, that such limitation may be increased
subject to approval by the Company’s stockholders.

2. Section 5(b)(i) is amended
and restated to read as follows:

(i) The maximum number of shares of Common Stock that may be
issued pursuant to Incentive Stock Options shall be equal to the number of shares available for grant as of the Plan Amendment Effective
Date, as set forth in Section 5(a)(1).

4. Section 5(b)(iii) is amended and restated to read as follows:

(iii) The maximum number of shares of Common Stock that may be issuable
under Awards granted to any one individual during any twelve (12)-month period shall not exceed 4,000,000,000 shares of Common Stock (subject
to adjustment in the manner as provided in Paragraph XIII).

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IN WITNESS WHEREOF, the Company, by its duly authorized
officer, has executed this Amendment to the Marvion Inc. 2023 Stock Incentive Plan, as of the date first indicated above.

MARVION INC.

By:

Name: CHAN Sze Yu

Title: Chief Executive Officer and Chief Financial Officer

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