Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 79

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 79
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 Share Limit.

(e)
Stock Dividends, Distributions, Stock Splits, Recapitalizations, and Similar Events. The number of shares of Common Stock with
respect to each outstanding Award, the exercise price per share with respect to outstanding Stock Options, the strike price with respect
to outstanding Stock Appreciation Rights, and the Share Limit to an individual Participant during the term of this Plan shall be subject
to such adjustment as the Committee, in its Discretion, deems appropriate to reflect such events as stock dividends, extraordinary dividends
or distributions (whether in cash, shares, or other property, other than a regular cash dividend), stock splits, recapitalizations, mergers,
consolidations, split-up, spin-off, combinations, exchanges of shares or reorganizations of or by the Company (and the adjusted Awards
shall be subject to the same restrictions and conditions applicable to the original Award); provided, however, that no fractional shares
shall be issued pursuant to this Plan, no Awards may be granted under this Plan with respect to fractional shares, and any fractional
shares resulting from such adjustments or otherwise shall be eliminated from any outstanding Award.

Section 6.Participants. The Committee
shall determine and designate from time to time, in its Discretion, those individuals who are Employees (including Directors who are also
Employees), Non-Employee Directors, Consultants or advisors of the Company or any Subsidiary to receive Awards. Subject to the provisions
of this Plan, the Committee may authorize in advance the grant of Awards to individuals or classes of individuals who are not at the time
of Committee authorization, but who subsequently become, eligible to participate in this Plan; provided, however, that (i) for all
purposes of this Plan, the date of grant of any Award made to an individual pursuant to such authorization shall be no earlier than the
date on which such individual becomes eligible to participate in this Plan, and (ii) such authorization shall prescribe the principal
terms or range of terms of the Awards that may be made to such individuals or classes of individuals including, without limitation, the
type or types of Awards and the number or maximum number of shares of Common Stock to be covered by such Awards. No individual shall have
any right to be granted an Award solely due to an Award being granted to such individual at any prior time, or because a similarly situated
individual is or was granted an Award under similar circumstances.

Notwithstanding any other provision of this Plan, the Committee may authorize Substitute Awards under this