Company: NCL
Filing Date: 2025-10-24
Form Type: S-1/A
Source: 0001575872-25-000638
Chunk: 74

Company: Northann Corp.
Filing Date: 2025-10-24
Form: S-1/A
Chunk 74
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 |        |  20,000 |     |       | - |     |        | - |     |              | - |     |       |  20,000 |
| Kurtis W. Winn                                                                      |     |        | 2024 |     |        | 100,000 |     |       | - |     |        | - |     |              | - |     |       | 100,000 |
| Chief Operating Officer and Director                                                |     |        | 2023 |     |        | 100,000 |     |       | - |     |        | - |     |              | - |     |       | 100,000 |

(1) On April 15, 2024,Mr. Prasad was appointed as the interim CFO of the Company.

(2) On April 15, 2024, Mr. Kratochvil resigned as the CFO.

Non-Employee Director Compensation

Currently, our non-employee
directors receive a cash and equity compensation on a yearly basis, payable each quarter. Each of Messrs. Lalonde and Powell receives
$20,000 in cash and $30,000 in equity. Mr. Patel receives $15,000 in cash and $25,000 in equity, payable each quarter. In addition, we
reimburse all of our non-employee directors for travel and other necessary business expenses incurred in the performance of director services
and extend coverage to them under our directors’ and officers’ indemnity insurance policies.

| 35 |

The following table and related footnotes
summarize the compensation accrued by the Company to each non-employee director for 2024:

| Name                          |     | Fees    
 Earned  
 or      
 Paid in 
 Cash    |        |     | Stock  
 Awards |        |     | Option 
 Awards |   |     | Non-Equity     
 Incentive Plan 
 Compensation   |   |     | Change in    
 Pension      
 Value        
 and          
 Nonqualified 
 Deferred     
 Compensation 
 Earnings     |   |     | All Other    
 Compensation |   |     | Total |        |
|                               |     | -$      |        |     | -$     |        |     | -$     |   |     | -$             |   |     | -$           |   |     | -$           |   |     | -$    |        |
| Bradley C. Lalonde            |     |         | 20,000 |     |        |