Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 27

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 27
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 |     |         | 20,000 |     |        | 30,000 |     |        | - |     |                | - |     |              | - |     |              | - |     |       | 50,000 |

| (1) | Umesh Patel was appointed as our independent director on May 23, 2024. |

| (2) | Jing Zhang was appointed as our independent director on December 31, 2024. |

| (3) | Charles James Schaefer IV resigned as an independent director on May 17, 2024. |

| (4) | Scott Powell’s term ended our 2024 annual general meeting of stockholders held on December 31, 2024. |

Indemnification of Directors and Officers

We are a Nevada corporation
and generally governed by the Section 78.138 of the Nevada Private Corporations Code, Title 78 of the Nevada Revised Statutes, or NRS,
provides that, unless the corporation’s articles of incorporation provide otherwise, a director or officer will not be individually
liable unless it is proven that (a) the director’s or officer’s acts or omissions constituted a breach of his or her fiduciary
duties, and (b) such breach involved intentional misconduct, fraud or a knowing violation of the law.

Section 78.7502.1 of the
NRS permits a Nevada corporation to indemnify its directors and officers against expenses, judgments, fines, and amounts paid in settlement
actually and reasonably incurred in connection with a threatened, pending, or completed action, suit, or proceeding, except an action
by or on behalf of the corporation, if the officer or director (a) is not liable pursuant to NRS 78.138, or (b) acted in good faith and
in a manner the officer or director reasonably believed to be in or not opposed to the best interests of the corporation and, if a criminal
action or proceeding, had no reasonable cause to believe the conduct of the officer or director was unlawful. The termination of any
action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere does not, of itself, create
a presumption that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner reasonably believed to be
in or not opposed to the best interests of the corporation, or that, with respect