Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 150

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 150
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 any parent
or subsidiary shall be eligible for the grant of ISOs; for awards denominated in Shares and
satisfied in cash. The number and class of shares available under the New 2022 EIP are subject
to adjustment in the event of certain reorganizations, mergers, combinations, recapitalizations,
share splits, share dividends, or other similar events which change the number or kind of
shares outstanding.

Transferability. Unless otherwise provided
in the New 2022 EIP or otherwise determined by the administrator, an award may not be sold, pledged, assigned, hypothecated, transferred,
or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of
the participant, only by the participant. However, the administrator may, at or after the grant of an award other than an ISO, provide
that such award may be transferred by the recipient to a “family member” (as defined in the New 2022 EIP); provided, however,
that any such transfer is without payment of any consideration whatsoever and that no transfer shall be valid unless first approved by
the administrator, acting in its sole discretion, and as required by our Restated Articles. If the administrator makes an award transferable,
such award will contain such additional terms and conditions as the administrator deems appropriate.

Termination of, or Amendments to, the New 2022
EIP. The Board may at any time amend, alter, suspend or terminate the New 2022 EIP, provided that the Company will obtain shareholder
approval of any amendment to the extent necessary and desirable to comply with applicable Laws. No amendment, alteration, suspension or
termination of the New 2022 EIP will impair the rights of any participant, unless mutually agreed otherwise between the participant and
the administrator, which agreement must be in writing and signed by the participant and the Company. Termination of the New 2022 EIP will
not affect the administrator’s ability to exercise the powers granted to it hereunder with respect to awards granted prior to the
date of such termination.

The New 2022 EIP will terminate ten years following
the date it was adopted by the Board, unless sooner terminated by the Board.

Employment Agreements

We do not have employment agreements with our
executive officers and we have not entered into any fixed compensation arrangements with any of our directors.

On July 12, 2022, the Company entered into the 202