Company: NCL
Filing Date: 2025-11-24
Form Type: PRE 14A
Source: 0001575872-25-000718
Chunk: 64

Company: Northann Corp.
Filing Date: 2025-11-24
Form: PRE 14A
Chunk 64
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 approved the amendment of the 2023 Plan, to increase the authorized number of shares issuable under the 2023 Plan
from 4,000,000 of common stock, to 12,000,000 shares of common stock, prior to the 1-for-8 reverse split. On October 7, 2025, as a result
of the Company’s 1-for-8 reverse share split, the number of shares of authorized stock issuable pursuant to the 2023 Plan was reduced
from 12,000,000 to 1,500,000.

The
maximum aggregate number of shares of common stock which may be issued pursuant to all awards under the 2023 Plan is 1,500,000, before
the Proposal 4 is approved. The following table sets forth information concerning outstanding equity awards of the Company for each of
the named executive officers as of the end of the fiscal year ended December 31, 2024.

<div align='center'>Outstanding Equity Awards at 2024 Fiscal Year-End</div>

|                         |     | Option Awards                                |   |     |                                              |   |     |                           |     |                        |   |     | Stock Awards    |   |     |                 |   |
| Name                    |     | Number                                       
 of Securities Underlying Unexercised Options 
 (#) Exercisable                              |   |     | Number                                       
 of Securities Underlying Unexercised Options 
 (#) Unexercisable                            |   |     | Option Exercise Price ($) |     | Option Expiration Date |   |     | Number          
 of Shares       
 or Units        
 of Stock That   
 Have Not Vested 
 (#)             |   |     | Market          
 Value of Shares 
 or Units of     
 Stock That Have 
 Not Vested      
 ($)             |   |
| Lin Li                  |     |                                              | - |     |                                              | - |     |                           |     |                        | - |     |                 | - |     |                 | - |
| Sunny S. Prasad (1)     |     |                                              | - |     |                                              | - |     |                           |     |                        | - |     |                 | - |     |                 | - |
| David M. Kratochvil (2) |     |                                              | - |     |                                              | - |     |                           |     |                        | - |     |                 | - |     |                 | - |
| Kurtis