Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 152

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 6
Chunk 152
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 to our business;
(ii) solicit from any of our known potential customer business of the same or of a similar nature to that which has been the subject of
our known written or oral bid, offer or proposal, or of substantial preparation with a view to making such a bid, proposal or offer; (iii)
solicit the employment or services of, or hire or engage, any person who is known to be employed or engaged by us; or (iv) otherwise interfere
with our business or accounts, including, but not limited to with respect to any relationship or agreement between any vendor or supplier
and us.

Director Compensation

The directors may receive
such remuneration as our Board may determine from time to time. Each director is entitled to be repaid or prepaid for all traveling, hotel
and incidental expenses reasonably incurred or expected to be incurred in attending meetings of our Board or committees of our Board or
general meetings or separate meetings of any class of shares or of debenture of the Company or otherwise in connection with the discharge
of his/her duties as a director. Employee directors are entitled to receive a monthly payment ranging from $1,500 to $5,000 for their
services. Non-employee directors are entitled to receive stock option to purchase certain number of Ordinary Shares under the Company’s
2018 Stock Option Plan.

2018 Stock Option Plan

We adopted the 2018 Stock
Option Plan (the “2018 Plan”) on April 4, 2019 (the “ Effective Date”), which was further amended by the First
Amendment to the 2018 Plan (the “ First Amendment”, and collectively referred to as the “ Plan” with the “2018
Plan”). The Plan is a stock-based compensation plan that provides for discretionary grants of stock options to key employees, directors
and consultants of the Company. The purpose of the Plan is to recognize contributions made to our Company and its subsidiaries by such
individuals and to provide them with additional incentive to achieve the objectives of our Company. Section 3(a) and 6(f) are amended
as the following. The total number of Ordinary Shares issuable upon the exercise of all outstanding Options granted under the Plan shall
not exceed 20% of the total number of outstanding Ordinary Shares.

On February 23, 2020, the
Board approved to register all the shares issuable under the Company’s 2018 Amended Option Plan in a registration statement on a
Form S-8 (File No. 333