Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 47

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 47
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) of the Code or other entity in which the Company has a controlling interest in such entity or another
entity which is part of a chain of entities in which the Company or each entity has a controlling interest in another entity in the unbroken
chain of entities ending with the applicable entity.

2.2“” shall mean, individually or collectively, any Option, Restricted Stock Award, Restricted Stock Unit
Award, Performance Stock Award, Performance Unit Award, Stock Appreciation Right, Distribution Equivalent Right or Unrestricted Stock
Award.

2.3“g” shall mean a written agreement between the Company and the Holder with respect to an
Award, setting forth the terms and conditions of the Award, as amended.

2.4 “” shall mean the Board of Directors of
the Company.

2.5 “” shall have the meaning given to
such term in Section 14.2.

Gulf Resources, Inc. 2025 Stock Incentive Plan

2.6“” shall mean (i) if the Holder is a party to an employment or service agreement with the Company or an
Affiliate which agreement defines “Cause” (or a similar term), “” shall have the same meaning as provided
for in such agreement, or (ii) for a Holder who is not a party to such an agreement, “” shall mean termination
by the Company or an Affiliate of the employment (or other service relationship) of the Holder by reason of the Holder’s (A) intentional
failure to perform reasonably assigned duties, (B) dishonesty or willful misconduct in the performance of the Holder’s duties, (C)
involvement in a transaction which is materially adverse to the Company or an Affiliate, (D) breach of fiduciary duty involving personal
profit, (E) willful violation of any law, rule, regulation or court order (other than misdemeanor traffic violations and misdemeanors
not involving misuse or misappropriation of money or property), (F) commission of an act of fraud or intentional misappropriation or conversion
of any asset or opportunity of the Company or an Affiliate, or (G) material breach of any provision of the Plan or the Holder’s
Award Agreement or any other written agreement between the Holder and the Company or an Affiliate, in each case as determined in good
faith by the Board, the determination of which shall be final, conclusive and binding on all parties.

2.7“g” shall mean: (i) for a Holder who is a party to