Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 38

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 38
---
 Company. In addition, the aggregate fair market value of the shares subject
to an ISO (determined at the time of grant) which are exercisable for the first time by an employee during any calendar year under all
plans of the Company which provide for the grant of ISOs may not exceed $100,000. Any Option which specifies that it is not intended to
qualify as an ISO or any Option that fails to meet the ISO requirements at any point in time will automatically be treated as a NQSO under
the terms of the 2025 Plan.

Unrestricted Stock Awards.

Pursuant to the terms of the applicable unrestricted
stock award agreement, an unrestricted stock award is the award or sale of shares to employees, directors or consultants, which are not
subject to transfer restrictions in consideration for past services rendered to the Company or for other valid consideration.

Restricted Stock Awards.

A restricted stock award is a grant or sale of
shares of Common Stock to the holder, subject to such restrictions on transferability, risk of forfeiture and other restrictions, if any,
as the Plan Committee or the Board of Directors may impose, which restrictions may lapse separately or in combination at such times, under
such circumstances (including based on achievement of performance goals and/or future service requirements), in such installments or otherwise,
as the Plan Committee or the Board of Directors may determine at the date of grant or purchase or thereafter. If provided for under the
restricted stock award agreement, a participant who is granted or has purchased restricted stock shall have all of the rights of a shareholder,
including the right to vote the restricted stock and the right to receive dividends thereon (subject to any mandatory reinvestment or
other requirement imposed by the Plan Committee or the Board of Directors or in the award agreement). During the restricted period applicable
to the restricted stock, subject to certain exceptions, the restricted stock may not be sold, transferred, pledged, exchanged, hypothecated,
or otherwise disposed of by the participant.

Restricted Stock Unit Awards.

A restricted stock unit award provides for a grant
of shares of Common Stock or a cash payment to be made to the holder upon the satisfaction of predetermined individual service-related
vesting requirements, based on the number of units awarded to the holder. The Plan Committee shall set forth in the applicable restricted
stock unit award agreement the individual service-based vesting requirements which the holder would be required to satisfy before the
holder would become entitled to payment and the number of units awarded to the holder. At the time of such