Company: NCL
Filing Date: 2025-09-26
Form Type: S-1
Source: 0001575872-25-000602
Chunk: 77

Company: Northann Corp.
Filing Date: 2025-09-26
Form: S-1
Chunk 77
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3 Plan to increase the maximum aggregate number of shares of common stock which may be issued
pursuant to all awards under the 2023 Plan from 4,000,000 to 12,000,000.

The following table sets
forth information concerning outstanding equity awards of the Company for each of the named executive officers as of the end of the fiscal
year ended December 31, 2024.

<div align='center'>Outstanding Equity Awards at 2024 Fiscal Year-End</div>

|                        |     | Option Awards |     |               |     |          |     |            |     | Stock Awards   |     |                 |
| Name                   |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options (#)   
 Exercisable   |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options (#)   
 Unexercisable |     | Option   
 Exercise 
 Price    
 ($)      |     | Option     
 Expiration 
 Date       |     | Number of      
 Shares or      
 Units of Stock 
 That Have Not  
 Vested (#)     |     | Market Value of 
 Shares or Units 
 of Stock That   
 Have Not        
 Vested ($)      |
| Lin Li                 |     | -             |     | -             |     | -        |     | -          |     | -              |     | -               |
| Sunny S. Prasad(1)     |     | -             |     | -             |     | -        |     | -          |     | -              |     | -               |
| David M. Kratochvil(2) |     | -             |     | -             |     | -        |     | -          |     | -              |     | -               |
| Kurtis W. Winn         |     | -             |     | -             |     | -        |     | -          |     | -              |     | -               |

(1) Mr. Kratochvil serves as the Chief Financial Officer of the Company effective on July 14, 2023. On April 15, 2024, Mr. Kratochvil resigned as the CFO.

(2) On April 15, 2024, Mr. Kratochvil resigned as the CFO.

The following paragraphs
summarize the terms of the 2023 Plan.

Administration.

The 2023 Plan is administered
by the board of directors or committee or