Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 60

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 60
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) the delivery of the Option price from sale or margin loan
proceeds from the brokerage firm directly to the Company, or (b) reducing the number of Shares to be issued upon exercise of the Option
by the number of such Shares having an aggregate Fair Market Value equal to the Option price (or portion thereof to be so paid) as of
the date of the Option’s exercise. An Option Agreement may also include provisions relating to:

(i) subject to the provisions
hereof, accelerated vesting of Options, including but not limited to, upon the occurrence of a Change of Control, (ii) tax matters (including
provisions covering any applicable Employee wage withholding requirements and requiring additional “gross-up” payments to
Holders to meet any excise taxes or other additional income tax liability imposed as a result of a payment made upon a Change of Control
resulting from the operation of the Plan or of such Option Agreement) and (iii) any other matters not inconsistent with the terms and
provisions of the Plan that the Committee shall in its sole discretion determine. The terms and conditions of the respective Option Agreements
need not be identical.

Gulf Resources, Inc. 2025 Stock Incentive Plan

7.5. The price at which an Share may be purchased upon exercise of an Option shall be determined by
the Committee; provided, , that such Option price (i) shall not be less than the Fair Market Value of an Share on the date
such Option is granted (or 110% of Fair Market Value for an Incentive Stock Option held by Ten Percent Stockholder, as provided in Section
7.3), and (ii) shall be subject to adjustment as provided in Article XV. The Option or portion thereof may be exercised by delivery of
an irrevocable notice of exercise to the Company. The Option price for the Option or portion thereof shall be paid in full in the manner
prescribed by the Committee as set forth in the Plan and the applicable Option Agreement, which manner, with the consent of the Committee,
may include the withholding of Shares otherwise issuable in connection with the exercise of the Option. Separate share certificates shall
be issued by the Company for those Shares acquired pursuant to the exercise of an Incentive Stock Option and for those Shares acquired
pursuant to the exercise of a Non-qualified Stock Option.

7.6g. The Holder of an Option shall be entitled to all the privileges and rights of
a stockholder of the Company