Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 62

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 62
---
 Company or the stock transfer
agent or brokerage service selected by the Company to provide services for the Plan. The Shares shall be restricted from transfer and
shall be subject to an appropriate stop-transfer order, and if any certificate is issued, such certificate shall bear an appropriate legend
referring to the restrictions applicable to the Shares. After any Shares vest, the Company shall deliver the vested Shares, in book-entry
or certificated form in the Company’s sole discretion, registered in the name of Holder or his or her legal representatives, beneficiaries
or heirs, as the case may be, less any Shares withheld to pay withholding taxes. If provided for under the Restricted Stock Agreement,
the Holder shall have the right to vote Shares subject thereto and to enjoy all other stockholder rights, including the entitlement to
receive dividends on the Shares during the Restriction Period. At the time of such Award, the Committee may, in its sole discretion, prescribe
additional terms and conditions or restrictions relating to Restricted Stock Awards, including, but not limited to, rules pertaining to
the effect of Termination of Service prior to expiration of the Restriction Period. Such additional terms, conditions or restrictions
shall, to the extent inconsistent with the provisions of Sections 6.2, 6.3 and 6.4, as applicable, be set forth in a Restricted Stock
Agreement made in conjunction with the Award. Such Restricted Stock Agreement may also include provisions relating to: (i) subject to
the provisions hereof, accelerated vesting of Awards, including but not limited to accelerated vesting 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 in connection with a Change of Control resulting from the operation of the Plan or of such Restricted Stock 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 Restricted Stock Agreements need not be identical. All Shares delivered to a Holder as part
of a Restricted Stock Award shall be delivered and reported by the Company or the Affiliate, as applicable, to the Holder at the time
of vesting.

Gulf Resources, Inc. 2025 Stock Incentive Plan

8.3. The Committee shall determine the amount and form of any