Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 63

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 63
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 Stock Award, if any, provided that in the absence of such a determination, a Holder shall not be required
to make any payment for Shares received pursuant to a Restricted Stock Award, except to the extent otherwise required by law.

<div align='center'>ARTICLE IX

UNRESTRICTED STOCK AWARDS</div>

9.1. Shares may be awarded (or sold) to Employees, Directors or Consultants under the Plan which are not subject to Restrictions
of any kind, in consideration for past services rendered thereby to the Company or an Affiliate or for other valid consideration.

9.2 At the time any Award is made under this Article IX, the Company and the Holder shall enter into an
Unrestricted Stock Agreement setting forth each of the matters contemplated hereby and such other matters as the Committee may determine
to be appropriate.

9.3. The Committee shall determine the amount and form of any payment from a Holder for Shares
received pursuant to an Unrestricted Stock Award, if any, provided that in the absence of such a determination, a Holder shall not be
required to make any payment for Shares received pursuant to an Unrestricted Stock Award, except to the extent otherwise required by
law.

<div align='center'>ARTICLE X

RESTRICTED STOCK UNIT AWARDS</div>

10.1. A Restricted Stock Unit Award shall constitute a promise to grant Shares (or cash equal to the Fair Market Value
of Shares) to the Holder at the end of a specified Restriction Period. At the time a Restricted Stock Unit Award is made, the Committee
shall establish the Restriction Period applicable to such Award. Each Restricted Stock Unit Award may have a different Restriction Period,
in the discretion of the Committee. A Restricted Stock Unit shall not constitute an equity interest in the Company and shall not entitle
the Holder to voting rights, dividends or any other rights associated with ownership of Shares prior to the time the Holder shall receive
a distribution of Shares pursuant to Section 10.3.

Gulf Resources, Inc. 2025 Stock Incentive Plan

10.2. At the time any Award is made under this Article X, the Company and the Holder shall enter into a
Restricted Stock Unit Agreement setting forth each of the matters contemplated thereby and such other matters as the Committee may determine
to be appropriate. The Restricted Stock Unit Agreement shall set forth the individual service-based vesting requirement which the Holder
would be required to satisfy before the Holder would become entitled to distribution pursuant to Section 10.3 and the