Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 36

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 36
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for each stock appreciation right (“SAR”), the term of each award, the vesting schedule for an award, whether to accelerate
vesting, the value of the shares underlying the award, and the required withholdings, if any. The Plan Committee is also authorized to
construe the award agreements, and may prescribe rules relating to the 2025 Plan. Except to the extent (i) approved in advance by
holders of a majority of the shares of the Company entitled to vote generally in the election of directors, or (ii) as a result of any
Change of Control or any adjustment as provided in the 2025 Plan, the Plan Committee shall not have the power or authority to reduce,
whether through amendment or otherwise, the exercise price under any outstanding Option or Stock Appreciation Right, or to grant any new
Award or make any payment of cash in substitution for or upon the cancellation of Options and/or Stock Appreciation Rights previously
granted.

Grant of Awards; Shares Available for Awards.

The 2025 Plan provides for the grant of awards
which are incentive stock options (“ISOs”), non-qualified stock options (“NQSOs”), unrestricted stock, restricted
stock, restricted stock units, performance stock, performance units, SARs, tandem stock appreciation rights or any combination of the
foregoing, to key management employees, directors, and consultants of the Company or any of its subsidiaries (each a “participant”).
We have reserved a total of 2,000,000 shares for issuance as or under awards to be made under the 2025 Plan inclusive of the awards previously
issued and outstanding under the Company’s 2019 Plan. 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. The 2025 Plan shall continue in effect, unless sooner terminated, until the tenth (10th) anniversary of
the date on which it is adopted by the Board of Directors (except as to awards outstanding on that date). The Board of Directors in its
discretion may terminate the 2025 Plan at any time with respect to any shares for which awards have not theretofore been granted; provided,
however, that the 2025 Plan’s termination shall not materially and adversely impair the rights of a holder, without the consent
of the