Company: CAAS
Filing Date: 2025-07-01
Form Type: F-4
Source: 0001104659-25-064447
Chunk: 107

Company: China Automotive Systems, Inc.
Filing Date: 2025-07-01
Form: F-4
Chunk 107
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 1986, as amended (the “Code”), to the extent permitted
or required by such provisions. Subject to the provisions of the 2004 Stock Option Plan and in the case of a committee, the specific duties
delegated by the Board of Directors to such committee, the administrator shall have the authority, in its discretion: (i) to determine
the fair market value of the common stock, in accordance with the 2004 Stock Option Plan, provided that such determination shall be applied
consistently with respect to participants under the 2004 Stock Option Plan; (ii) to select the employees and consultants to whom
options may from time to time be granted; (iii) to determine whether and to what extent options are granted; (iv) to determine
the number of shares of common stock to be covered by each award granted; (v) to approve the form(s) of agreement(s) used
under the 2004 Stock Option Plan; (vi) to determine the terms and conditions, not inconsistent with the terms of the 2004 Stock Option
Plan, of any award granted hereunder, which terms and conditions include but are not limited to the exercise or purchase price, the time
or times when awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions,
any pro rata adjustment to vesting as a result of a participant’s transitioning from full- to part-time service (or vice versa),
and any restriction or limitation regarding any option, optioned stock or restricted stock issued upon exercise of an option, based in
each case on such factors as the administrator, in its sole discretion, shall determine; (vii) to determine whether and under what
circumstances an option may be settled in cash instead of common stock; (viii) to adjust the vesting of an option held by an employee
or consultant as a result of a change in the terms or conditions under which such person is providing services to the Company; (ix) to
construe and interpret the terms of the 2004 Stock Option Plan and awards granted under the 2004 Stock Option Plan, which constructions,
interpretations and decisions shall be final and binding on all participants; and (x) in order to fulfill the purposes of the 2004
Stock Option Plan and without amending the 2004 Stock Option Plan, to modify grants of options to participants who are foreign nationals
or employed outside of the United States in