Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 71

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 71
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, for an amount of cash equal to the
amount that could have been obtained upon the exercise, payment or distribution of such rights had such Award been currently exercisable
or payable; or (v) terminate any then outstanding Award or make any other adjustment to the Awards then outstanding as the Committee deems
necessary or appropriate to reflect such transaction or change. The number of Shares subject to any Award shall be rounded to the nearest
whole number.

15.5. The existence of the Plan and the Awards granted hereunder shall not affect in any way the right or
power of the Board or of the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other
change of the Company’s capital structure or business, any merger or consolidation of the Company, any issue of debt or equity securities
ahead of or affecting Shares or the rights thereof, the dissolution or liquidation of the Company or any sale, lease, exchange or other
disposition of all or any part of its assets or business or any other corporate act or proceeding.

15.6j. Except as hereinabove expressly provided, the issuance by the Company of shares
of any class or securities convertible into shares of any class, for cash, property, labor or services, upon direct sale, upon the exercise
of rights or warrants to subscribe therefor or upon conversion of shares or obligations of the Company convertible into such shares or
other securities, and in any case whether or not for fair value, shall not affect previously granted Awards, and no adjustment by reason
thereof shall be made with respect to the number of Shares subject to Awards theretofore granted or the purchase price per Share, if applicable.

Gulf Resources, Inc. 2025 Stock Incentive Plan

<div align='center'>ARTICLE XVI

AMENDMENT AND TERMINATION
OF PLAN</div>

The
Plan shall continue in effect, unless sooner terminated pursuant to this Article XVI, until the tenth (10th)
anniversary of the date on which it is adopted by the Board (except as to Awards outstanding on that date). The Board in its discretion
may terminate the Plan at any time with respect to any shares for which Awards have not theretofore been granted; provided, ,
that the Plan’s termination shall not materially and adversely impair the rights of a Holder with respect to any Award theretofore
granted without the consent of the Holder. The Board shall have the right to alter or amend the Plan or any