Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 70

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 70
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 has adopted a written
policy with respect to related person transactions. This policy governs the review, approval or ratification of covered related person
transactions. The Audit Committee of our Board manages this policy.

For purposes of the policy,
a “related person transaction” is a transaction, arrangement or relationship (or any series of similar transactions, arrangements
or relationships) in which we were, are or will be a participant, and the amount involved exceeds the applicable dollar threshold set
forth under Item 404 of Regulation S-K and in which any related person had, has or will have a direct or indirect material interest.
As defined in Item 404 of Regulation S-K, “related person” generally includes our directors (and director nominees), executive
officers, holders of more than 5% of our voting securities, and immediate family members or affiliates of such persons.

| 40 |

The policy generally provides
that we may enter into a related person transaction only if:

| ● | the Audit Committee pre-approves such transaction in accordance                                                            
 with the guidelines set forth in the policy,                                                                               |
| ● | the transaction is on terms comparable to those that could be obtained                                                     
 in arm’s length dealings with an unrelated third party and the Audit Committee (or the chairperson of the Audit Committee) 
 approves or ratifies such transaction in accordance with the guidelines set forth in the policy,                           |
| ● | the transaction is approved by the disinterested members of our Board,                                                     
 or                                                                                                                         |
| ● | the transaction involves compensation approved by the Compensation                                                         
 Committee of our Board.                                                                                                    |

In the event a related person
transaction is not pre-approved by the Audit Committee and our management determines to recommend such related person transaction to
the Audit Committee, such transaction must be reviewed by the Audit Committee. After review, the Audit Committee will approve or disapprove
such transaction. If our Chief Executive Officer, in consultation with our Audit Committee, determines that it is not practicable or
desirable for us to wait until the next Audit Committee meeting, the chairperson of the Audit Committee will possess delegated authority
to act on behalf of the Audit Committee. The Audit Committee (or the chairperson of the Audit Committee) may approve only those related
person transactions that are in, or not inconsistent with, our best interests and the best interests of our stockholders, as the Audit
Committee (or the chairperson of the Audit Committee) determines in good faith. All approvals made by the chairperson of the