Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 78

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 6
Chunk 78
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 within four (4) business days of any determination to grant a waiver of the code of business conduct and ethi...  
  Exemption from the requirement that our Board of Directors have a compensation committee that is composed entirely of independent Directors with a written charter addressing the committee’s pur...  
  Exemption from the requirements that director nominees are selected, or recommended for selection by our Board of Directors, either by (i) independent Directors constituting a majority of our B...  

Furthermore,
Nasdaq Rule 5615(a)(3) provides that a foreign private issuer, such as us, may rely on our home country corporate governance practices
in lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d), provided that we nevertheless comply with Nasdaq’s
Notification of Noncompliance requirement (Rule 5625), the Voting Rights requirement (Rule 5640) and that we have an Audit Committee
that satisfies Rule 5605(c)(3), consisting of committee members that meet the independence requirements of Rule 5605(c)(2)(A)(ii). If
we rely on our home country corporate governance practices in lieu of certain of the rules of Nasdaq, our Shareholders may not have the
same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq. If
we choose to do so, we may utilize these exemptions for as long as we continue to qualify as a foreign private issuer.

We
plan to rely on home country practice

  64  

  Table of Contents  

Equity
Compensation Plan Information

2023
Share Incentive Plan

The
Company approved the SIMPPLE Ltd. 2023 Omnibus Equity Incentive Plan on March 31, 2023, which we refer to as the Plan in this Report,
to attract and retain the best available personnel, provide additional incentives to employees, directors and consultants, and promote
the success of our business.

The
maximum aggregate number of Ordinary Shares that may be issued under the Plan is 3,245,000 / 20% of the total outstanding Ordinary Shares
on a fully diluted basis as of the completion of our initial public offering. As of the date of this Report, no awards have been granted
under the Plan.

The
following paragraphs summarize the principal terms of the Plan.

Types
of Awards.

Plan
Administration.

Eligibility.

Vesting
Schedule.

Exercise
of Awards.

Transfer
Restrictions