Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 154

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 6
Chunk 154
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 split adjusted to 2,855) Class A ordinary
shares.

Administration. The
Plan will be administered by our Board, or, once constituted, the Compensation Committee of the Board (we refer to body administering
the Plan as the “ Committee”).

Number of Ordinary Shares. The number of Ordinary Shares that may be issued under the Plan is the total number of Ordinary Shares in the capital of the Company
issuable upon the exercise of all outstanding Options granted under this Plan shall not at any time exceed 20% of the total number of
outstanding Ordinary Shares at the time of issuance, from time to time. If there is a forfeiture or termination without the delivery of
Ordinary Shares or of other consideration of any option made under the Plan, the Ordinary Shares underlying such option, or the number
of Ordinary Shares otherwise counted against the aggregate number of Ordinary Shares available under the Plan with respect to the option,
to the extent of any such forfeiture or termination, shall again be, or shall become, available for granting options under the Plan. The
number of Ordinary Shares issuable under the Plan is subject to adjustment, in the event in the event of any reorganization, recapitalization,
stock split, stock distribution, merger, consolidation, split-up, spin-off, combination, subdivision, consolidation or exchange of shares,
any change in the capital structure of the company or any similar corporate transaction. Except as the Board or the Committee determines,
no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment
by reason hereof shall be made with respect to, the number or price of Shares subject to an Option. In the event of a spin-off transaction,
the Board or the Committee may in its discretion make such adjustments and take such other action as it deems appropriate with respect
to outstanding Options under the Plan.

Eligibility. All persons
as the Board or the Committee may select from among the employees, directors, and consultants of the Company.

Stock Options. The
Board or Committee shall determine the provisions, terms, and conditions of each option including, but not limited to, the option vesting
schedule, repurchase provisions, rights of first refusal, forfeiture provisions, form of payment (cash, shares, cashless settlement, or
other consideration) upon settlement of the option, payment contingencies and the exercise price; each option will last for the term stated
in the option agreement, provided, however that in the case of an option