Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 89

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 89
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 Company or any of its affiliates; or (ii) solicit or induce, on his/her own behalf or on behalf
of any other person or entity, any customer or prospective customer of the Company or any of their respective affiliates to reduce its
business with the Company or any of its affiliates.

We have also entered into director agreements
with each of our independent directors which agreements set forth the terms and provisions of their engagement.

In addition, we have entered into indemnification
agreements with each of our directors and executive officers that provide such persons with additional indemnification beyond that provided
in our current memorandum and articles of association.

Share Incentive Plans

The Board of Directors of the Company approved
and adopted Oriental Culture Holding LTD 2021 Omnibus Equity Plan (the “ Equity Plan”) on November 8, 2021, which was approved
at the stockholders’ meeting on December 16, 2021. The total aggregate ordinary shares of the Company authorized for issuance during
the term of the Equity Plan is limited to 800,000 shares after the 1 for 5 reverse stock split effected in October 2023. On February
27, 2024 (the “ Grant Date”), the Compensation Committee of the Board of Directors (the “ Board”) granted stock
awards of 300,000 ordinary shares of the Company, par value $0.00025 (the “ Ordinary Shares”), pursuant to the Equity Plan,
to four officers and employees of the Company and subsidiaries of its operating variable interest entity (the “ Grantees”),
including 75,000 shares to Mr. Yi Shao, Chief Executive Officer of the Company (collectively, the “ Grants”). The Grants
vested immediately on the Grant Date and each of the Grantees also entered into an Unrestricted Stock Award Agreement with the Company
on February 27, 2024.

On April 28, 2025 (the “ Grant Date”),
the Compensation Committee of the Board of Directors (the “ Board”) of Oriental Culture Holding LTD. (the “ Company”)
granted stock awards of 500,000 ordinary shares of the Company, par value $0.00025 (the “ Ordinary Shares”), pursuant to the
Company’s 2021 Omnibus Equity Plan, to five officers and employees of the Company and subsidiaries of its operating variable interest
entity (the “ Grantees”), including 100,000 shares to Mr. Yi Shao, Chief Executive Officer of the Company and 100