Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 51

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 51
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 but does not meet the applicable requirements of Section 422 of the Code.

2.24“” shall mean an Award granted under Article VII of the Plan of an option to purchase Shares and shall
include both Incentive Stock Options and Non-qualified Stock Options.

2.25
“” shall mean a written agreement between the Company and a Holder with respect to an Option.

Gulf Resources, Inc. 2025 Stock Incentive Plan

2.26“” shall mean the criteria selected by the Committee for purposes of establishing the Performance
Goal(s) for a Holder for a Performance Period.

2.27“” shall mean, for a Performance Period, the written goal or goals established by the Committee
for the Performance Period based upon the Performance Criteria, which may be related to the performance of the Holder, the Company or
an Affiliate.

2.28“” shall mean one or more periods of time, which may be of varying and overlapping durations,
selected by the Committee, over which the attainment of the Performance Goals shall be measured for purposes of determining a Holder’s
right to, and the payment of, a Performance Stock Award or a Performance Unit Award.

2.29“” or “” shall mean an Award granted under Article
XII of the Plan under which, upon the satisfaction of predetermined Performance Goals, Shares are paid to the Holder.

2.30“g” shall mean a written agreement between the Company and a Holder with respect
to a Performance Stock Award.

2.31
“” shall mean a Unit awarded to a Holder pursuant to a Performance Unit Award.

2.32“” shall mean an Award granted under Article XI of the Plan under which, upon the satisfaction
of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

2.33“g” shall mean a written agreement between the Company and a Holder with respect
to a Performance Unit Award.

2.34“” shall mean this Gulf Resources Inc. 2025 Stock Incentive Plan, as amended from time to time, together
with each of the Award Agreements utilized hereunder.

2.35“” and “” shall mean an Award granted under Article
VIII of the Plan of Shares, the transferability of which by the Holder is subject to Restrictions.

2.36“g” shall mean a written agreement between the Company and a Holder with respect
to a Restricted Stock Award.

2.37“” and “”