Company: IMG
Filing Date: 2025-09-26
Form Type: PRE 14A
Source: 0001493152-25-015809
Chunk: 27

Company: CIMG Inc.
Filing Date: 2025-09-26
Form: PRE 14A
Chunk 27
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4 or 2025 Equity Incentive Plans to date. Accordingly, there are currently no shares no shares outstanding pursuant to either plan.

General

The following summary of the 2026 Plan is qualified in its entirety by reference to the complete text of the 2026 Plan, a copy of which is attached to this proxy statement as Appendix A. Capitalized terms used and not otherwise defined in this section discussing the adoption of the 2026 Plan shall have the meanings given to them in the 2026 Plan.

Upon stockholders’ approval, the 2026 Plan will become effective immediately and is a comprehensive incentive compensation plan under which we can grant equity-based and other incentive awards to officers, employees and directors of, and consultants and advisers to, the Company.

Administration.

Authority to administer and manage the 2026 Equity Incentive Plan shall be vested in the Board of the Company or by the Compensation Committee set up for such purpose. The committee shall consist of two or more directors who are (i) “Independent Directors” (as such term is defined under the rules of the Nasdaq Stock Market) and (ii) “Non-Employee Directors” (as such term is defined in Rule 16b-3), which shall serve at the pleasure of the Board. The Board or the committee administering the 2026 Plan (the “Administrator”) shall have full power and authority to designate recipients of options and restricted stock, and to determine the terms and conditions of the respective option and restricted stock agreements (which need not be identical) and to interpret the provisions and supervise the administration of the 2026 Plan.

Eligibility.

The persons eligible for participation in the 2026 Plan as recipients of options or restricted stock shall include directors, officers and employees of, and consultants and advisors to, the Company or any subsidiary; provided that incentive options may only be granted to employees of the Company and any subsidiary.

Awards.

A maximum of 38,000,000 new shares of the Company’s Common Stock shall be subject to the 2026 Plan. The Common Stock subject to the 2026 Plan shall consist of unissued shares, treasury shares or previously issued shares held by any subsidiary of the Company, and such number of shares of common stock shall be and is hereby reserved for such purpose.

Options.

The purchase price of each share of common stock purchasable under an incentive option shall be determined by the Administrator at the time of grant, but shall not be less than 100% of the Fair Market Value of