X0508 4 2024-01-12 0 0001930021 New Horizon Aircraft Ltd. HOVR 0002008400 O'Neill Jason Michael C/O NEW HORIZON AIRCRAFT, LTD. 3187 HWY 35 LINDSAY A6 K9V 4R1 ONTARIO, CANADA 1 1 0 0 Chief Operating Officer 0 Class A Ordinary Shares without par value 2024-01-12 4 A 0 235522 A 235522 D Employee stock option (right to buy) 0.6797 2024-01-12 4 A 0 146252 0 A 2024-01-12 2027-08-02 Class A Ordinary Shares without par value 146252 146252 D Employee stock option (right to buy) 0.6095 2025-02-03 4 A 0 296000 0 A 2035-02-03 Class A Ordinary Shares without par value 296000 296000 D Performance Stock Units 2025-02-03 4 A 0 74000 0 A 2028-12-15 Class A Ordinary Shares without par value 74000 74000 D Received in connection with the exchange of 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 options to acquire 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 1/3% vesting annually). 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/ Jason Michael O'Neill 2025-02-06