Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 80

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 80
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 Plan upon such terms and conditions as it may deem appropriate, subject to the listing requirements Nasdaq and applicable law.

Section 7.Award Agreement. Each Award
granted under this Plan shall be evidenced by an Award Agreement, as may be approved by the Committee. An Award Agreement shall constitute
a binding contract between the Company and the Participant, and every Participant, upon acceptance of such agreement, shall be bound by
the terms and restrictions of this Plan and of such agreement. The terms of each Award Agreement shall be in accordance with this Plan,
but such agreements may include such additional provisions and restrictions as determined by the Committee, including that any Participant
agree in writing to comply with any confidentiality, non-solicitation, non-competition and non-disparagement provisions and covenants
as a condition to receiving such Award, provided that such additional provisions and restrictions do not violate the terms of this Plan.

| A-7 |

Section 8.Stock Options and Stock Appreciation Rights.

(a)
Stock Options. Subject to the terms of this Plan, the Committee, in its Discretion, may grant to Participants either Incentive
Options, Nonqualified Options or any combination thereof; provided, however, that an Incentive Option only may be granted to an Employee
of the Company or a Subsidiary, and in the case of a Subsidiary only if (i) the Subsidiary is treated as a disregarded entity owned
by the Company, or (ii) the Subsidiary is a corporation (or is treated as a disregarded entity owned by a corporation) 50% or more
of the combined voting power of all classes of stock of which is owned, directly or indirectly, by the Company. Each Award Agreement for
a Stock Option granted under this Plan shall designate whether such Stock Option is intended to be an Incentive Option or Nonqualified
Option, the number of shares of Common Stock covered thereby, the exercise price per share for which the shares of Common Stock covered
by such Stock Option may be purchased, the date of grant (which may not be prior to the date of the Committee’s approval of the
Award), the expiration date, and such other terms as determined by the Committee in its Discretion. No Incentive Option may be granted
under this Plan to any one Participant which would result in the aggregate Fair Market Value of underlying Common Stock (determined as
of the date the option is granted) with respect to which Incentive