Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 83

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 83
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 entered into
a Technical Service Agreement with San River International Sdn Bhd (“San River”, and such agreement, the “San River
Consulting Agreement”).

Pursuant to the San River Consulting Agreement,
San River has agreed to provide technical support, business support and related consulting services in connection with the Company’s
business development, and as reasonably requested by the Company, during the term of the agreement, which is for one year from the date
of execution of the San River Consulting Agreement, unless otherwise earlier terminated in accordance with the terms of the San River
Consulting Agreement.

In consideration for agreeing to provide such
technical support, business support and related consulting services under the San River Consulting Agreement, the Company issued 4,600,000
shares of common stock to an entity designated by San River on December 9, 2024.

Oneflow Private Placement

On December 6, 2024, the Company entered into
a securities purchase agreement with Oneflow LLC as the lead investor and four other passive investors (the “Oneflow SPA”),
pursuant to which the Company agreed to sell common stock to various purchasers (the “Oneflow Purchasers”) in a private placement
transaction (the “Oneflow Private Placement”). Pursuant to the Oneflow SPA, the Company agreed to transfer, assign, set over
and deliver to the Oneflow Purchasers and the Oneflow Purchasers agreed, severally and not jointly, to acquire from the Company in the
aggregate 40,000,000 shares of common stock at the average of the closing prices for the five trading days immediately prior to the closing
per share.

X29 Private Placement

On December 6, 2024, the Company entered into
a securities purchase agreement with X29 LLC as the lead investor and four other passive investors (the “X29 SPA”), pursuant
to which the Company agreed to sell common stock to these investors (the “X29 Purchasers”) in a private placement transaction
(the “X29 Private Placement”). Pursuant to the X29 SPA, the Company agreed to transfer, assign, set over and deliver to the
X29 Purchasers and the X29 Purchasers agreed, severally and not jointly, to acquire from the Company in the aggregate 80,000,000 shares
of common stock at the average of the closing prices for the five trading days immediately prior to the closing per share.

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Caitlin Private Placement

On December 20, 2024