Company: MVNC
Filing Date: 2025-01-10
Form Type: PRE 14C
Source: 0001683168-25-000215
Chunk: 24

Company: Marvion Inc.
Filing Date: 2025-01-10
Form: PRE 14C
Chunk 24
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 or repurchase prior to vesting as a result of termination of employment or failure to achieve certain
vesting conditions.

Restricted Stock Units.An RSU is an award that covers a number of Shares that may be settled upon vesting in cash, by the issuance of the underlying Shares
or a combination of both. These awards are subject to forfeiture prior to vesting as a result of termination of employment or failure
to achieve certain vesting conditions.

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Stock Appreciation Rights.SARs provide for a payment, or payments, in cash or Shares, to the holder based upon the difference between the fair market value
of our common stock on the date of exercise and the stated exercise price up to a maximum amount of cash or number of Shares. These awards
are subject to forfeiture prior to vesting as a result of termination of employment or failure to achieve certain vesting conditions.

Performance Awards.A performance award is an award that covers an amount of cash or a number of Shares that may be settled upon achievement of the pre-established
performance conditions in cash or by issuance of the underlying shares. These awards are subject to forfeiture prior to vesting as a result
of termination of employment or failure to achieve the performance conditions.

Other Awards and Dividend Equivalents.The Committee is authorized to grant other stock-based awards to any employee, consultant or director. The number or value of shares
of Common Stock of any other stock-based award shall be determined by the Committee and may be based upon one or more performance targets
based on one or more performance measures or any other specific criteria, including service to the Company or any affiliate, as determined
by the Committee.

Dividend equivalents may be granted
by the Committee based on dividends declared on shares of Common Stock, to be credited as of dividend payment dates with respect to dividends
with record dates that occur during the period between the date an Award is granted to a Participant and the date such Award vests, is
exercised, is distributed or expires, as determined by the Committee. Such Dividend Equivalents will be converted to cash or additional
shares of Common Stock by such formula and at such time and subject to such restrictions and limitations as may be determined by the Committee.

Additional Provisions

Awards granted under the 2023
Plan may not be transferred in any manner other than by will or by the laws of descent and distribution, pursuant to a qualified domestic
relations order, or if vested, with the consent of the Committee. Notwithstanding the foregoing, Restricted Stock