Company: IMG
Filing Date: 2025-09-26
Form Type: PRE 14A
Source: 0001493152-25-015809
Chunk: 47

Company: CIMG Inc.
Filing Date: 2025-09-26
Form: PRE 14A
Chunk 47
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 Option shall terminate; provided, however, if the Optionee dies before the Options terminate and are no longer exercisable, the terms and provisions of Section 5(f) shall control. For purposes of this Section 5(i), and unless otherwise defined in an employment agreement between the Company and the relevant Optionee, Good Reason shall exist upon the occurrence of the following:

| (A) | the                                                                                                                                        
 assignment to Optionee of any duties inconsistent with the position in the Company that Optionee held immediately prior to the assignment; |

| (B) | a                                                                                                                                
 Change of Control resulting in a significant adverse alteration in the status or conditions of Optionee’s participation with     
 the Company or other nature of Optionee’s responsibilities from those in effect prior to such Change of Control, including       
 any significant alteration in Optionee’s responsibilities immediately prior to such Change in Control; and                       |
| (C) | the                                                                                                                              
 failure by the Company to continue to provide Optionee with benefits substantially similar to those enjoyed by Optionee prior to 
 such failure.                                                                                                                    |

Notwithstanding the foregoing, if Good Reason is defined in an employment agreement between the Company and the relevant Optionee, then, with respect to such Optionee, Good Reason shall have the meaning ascribed to it in such employment agreement.

(j) Limit on Value of Incentive Option. The aggregate Fair Market Value, determined as of the date the Incentive Option is granted, of Common Stock for which Incentive Options are exercisable for the first time by any Optionee during any calendar year under the Plan (and/or any other stock option plans of the Company or any Subsidiary) shall not exceed $100,000. Should it be determined that an Incentive Stock Option granted under the Plan exceeds such maximum for any reason other than a failure in good faith to value the Stock subject to such option, the excess portion of such option shall be considered a Nonqualified Option. To the extent the employee holds two (2) or more such Options which become exercisable for the first time in the same calendar year, the foregoing limitation on the exercisability of such Option as Incentive Stock Options under the Federal tax laws shall be applied on the basis of the order in which such Options are granted. If, for any reason, an entire Option does not qualify as an Incentive Stock Option by reason of exceeding such maximum, such Option shall be considered a Nonqualified Option.

| 6. | Terms                               
 and Conditions of Restricted Stock.