X0508 4 2024-01-12 0001930021 New Horizon Aircraft Ltd. HOVR 0002008126 Lee Stewart Murray C/O NEW HORIZON AIRCRAFT, LTD. 3187 HIGHWAY 35 LINDSAY A6 K9V 4R1 ONTARIO, CANADA true Head of People & Strategy false Class A Ordinary Shares 2024-01-12 4 A 0 250042 A 250042 D Employee Stock Option (Right to Buy) 0.6797 2024-01-12 4 A 0 35455 0 A 2024-01-12 2027-08-02 Class A Ordinary Shares 35455 35455 D Received in exchange for 136,200 shares of Robinson Aircraft Ltd. d/b/a Horizon Air ("Horizon") in connection with the January 12, 2024 amalgamation (the "Amalgamation") of Horizon and Pono Capital Three, Inc. to form New Horizon Aircraft, Ltd. Converted from Canadian exercise price of C$0.91 using an exchange rate of C$1.3387 = US$1.00. Received in the Amalgamation in exchange for an existing option to acquire 42,000 shares of Horizon for C$0.76 per share. The options were originally issued on August 2, 2022, with a three-year vesting period (33% vesting annually). /s/ Stewart Murray Lee 2024-01-24