Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 55

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 55
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4.4. Subject to compliance with all applicable laws, action by the Committee shall require the consent of a
majority of the members of the Committee, expressed either orally at a meeting of the Committee or in writing in the absence of a meeting.
No member of the Committee shall have any liability for any good faith action, inaction or determination in connection with the Plan.

<div align='center'>ARTICLE V

SHARES SUBJECT TO PLAN
AND LIMITATIONS THEREON</div>

5.1. The Committee may from time to time grant Awards to one or more Employees, Directors
and/or Consultants determined by it to be eligible for participation in the Plan in accordance with the provisions of Article VI. Subject
to Article XV, the aggregate number of Shares that may be issued under the Plan shall not exceed 2,000,000 Shares inclusive of awards
previously issued and outstanding under the Gulf Resources, Inc. 2019 Omnibus Equity Incentive Plan (the “”).
Upon adoption of this Plan, the 2019 Plan shall be frozen, no new awards shall be granted thereunder, and outstanding awards thereunder
shall continue to be governed by the terms and condition of the 2019 Plan and applicable award agreement. Shares shall be deemed to have
been issued under the Plan solely to the extent actually issued and delivered pursuant to an Award. To the extent that an Award lapses,
expires, is canceled, is terminated unexercised or ceases to be exercisable for any reason, or the rights of its Holder terminate, any
Shares subject to such Award shall again be available for the grant of a new Award. Notwithstanding any provision in the Plan to the contrary,
the maximum number of Shares that may be subject to Awards of Options under Article VII and/or Stock Appreciation Rights under Article
XIV, in either or both cases granted to any one person during any calendar year, shall be One Million (1,000,000) Shares (subject to adjustment
in the same manner as provided in Article XV with respect to Shares subject to Awards then outstanding).

Gulf Resources, Inc. 2025 Stock Incentive Plan

5.2. The Shares to be issued pursuant to the grant or exercise of an Award may consist of authorized but unissued
Shares, Shares purchased on the open market or Shares previously issued and outstanding and reacquired by the Company.

<div align='center'>ARTICLE VI

ELIGIBILITY AND TERMINATION
OF SERVICE</div>

6.