BEL FUSE INC /NJ

Our Board may at any time amend the 2026 Plan for the purpose of satisfying the requirements of the Code, or other applicable law or regulation or for any other legal purpose, provided, however, that shareholder approval of any amendment shall be required to the extent necessary to comply with applicable laws or applicable exchange rules. In addition, our Board may not without shareholder approval (i) provide for the reduction of the exercise price of any option or stock appreciation right, or (ii) permit awards to be granted or modified in a manner that permits vesting or exercise thereof, or permits the delivery of unrestricted shares, to any extent earlier than one year after the date of grant thereof, except as a result of a Change in Control Event or a participant’s termination of service due to death, disability or involuntary termination without cause (or resignation for good reason).