Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 41

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 41
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apitalization or Reorganization.

Subject to certain restrictions, the 2025 Plan
provides for the adjustment of shares underlying awards previously granted if, and whenever, prior to the expiration or distribution to
the holder of shares underlying an award theretofore granted, the Company shall effect a subdivision or consolidation of our Common Stock
or the payment of a stock dividend on Common Stock without receipt of consideration by the Company. If the Company recapitalizes or otherwise
changes its capital structure, thereafter upon any exercise or satisfaction, as applicable, of a previously granted award, the holder
shall be entitled to receive (or entitled to purchase, if applicable) under such award, in lieu of the number of shares then covered by
such award, the number and class of shares and securities to which the holder would have been entitled pursuant to the terms of the recapitalization
if, immediately prior to such recapitalization, the holder had been the holder of record of the number of shares then covered by such
award. The 2025 Plan also provides for the adjustment of shares underlying awards previously granted in the event of changes to the outstanding
shares by reason of an extraordinary cash dividend, reorganization, merger, consolidation, combination, split-up, spin-off, exchange or
other relevant change in capitalization occurring after the date of the grant of any award, subject to certain restrictions.

Amendment and Termination.

The 2025 Plan shall continue in effect, unless
sooner terminated pursuant to its terms, until the tenth (10th) anniversary of the date on which it became effective (except as to awards
outstanding on that date). The Board of Directors may terminate the 2025 Plan at any time with respect to any shares for which awards
have not theretofore been granted; provided, however, that the 2025 Plan’s termination shall not materially and adversely impair
the rights of a holder with respect to any award theretofore granted without the consent of the holder. The Board of Directors shall have
the right to alter or amend the 2025 Plan or any part thereof from time to time; provided, however, that without the approval by a majority
of the votes cast at a meeting of our shareholders at which a quorum representing a majority of our shares entitled to vote generally
in the election of directors is present in person or by proxy, no amendment or modification of the 2025 Plan may (i) materially increase
the benefits accruing to holders, (ii