X0508 4 2025-02-03 0 0001930021 New Horizon Aircraft Ltd. HOVR 0002007928 Merker Brian Frederick C/O NEW HORIZON AIRCRAFT, LTD. 3187 HWY 35 LINDSAY A6 K9V 4R1 ONTARIO, CANADA 0 1 0 0 Chief Financial Officer 0 Employee stock option (right to buy) 0.6095 2025-02-03 4 A 0 344000 0 A 2035-02-03 Class A Ordinary Shares without par value 344000 344000 D Performance Stock Units 2025-02-03 4 A 0 86000 0 A 2028-12-15 Class A Ordinary Shares without par value 86000 86000 D The option will become exercisable in three equal installments beginning on 02/03/2026. Each performance stock unit represents a contingent right to receive one Class A ordinary share, without par value (each, a "Class A Ordinary Share"). The performance stock units vest in full on the date the Company achieves 100% Total Shareholder Return, defined as the percentage change in the value of the Class A Ordinary Shares over a specified period, calculated as the quotient of (i) the difference between the current share price and the share price on February 3, 2025 (the "Award Date"), divided by (ii) the share price on the Award Date. /s/ Brian Frederick Merker 2025-02-05