Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 42

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 42
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) except as otherwise expressly provided in the 2025 Plan, materially increase the number of shares
subject to the 2025 Plan or the individual award agreements, (iii) materially modify the requirements for participation, or (iv) amend,
modify or suspend certain re-pricing prohibitions or amendment and termination provisions as specified therein. In addition, no change
in any award theretofore granted may be made which would materially and adversely impair the rights of a holder with respect to such award
without the consent of the holder (unless such change is required to cause the 2025 Plan and/or award to be exempt from or comply with
Section 409A of the Code).

As of the effective date of the 2025 Plan, no awards
will have been granted under the 2025 Plan.

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Certain U.S. Federal Income Tax Consequences of the 2025 Plan

The following is a general summary of certain U.S.
federal income tax consequences under current tax law to the Company (to the extent it is subject to U.S. federal income taxation on its
net income) and to participants in the 2025 Plan who are individual citizens or residents of the United States for federal income tax
purposes (“U.S. Participants”) of stock options which are ISOs, or stock options which are NQSOs, unrestricted stock, restricted
stock, restricted stock units, performance stock, performance units and SARs. This summary does not purport to cover all of the special
rules that may apply, including special rules relating to limitations on our ability to deduct certain compensation, special rules relating
to deferred compensation, golden parachutes, U.S. Participants subject to Section 16(b) of the Exchange Act or the exercise of a stock
option with previously-acquired Common Stock. This summary assumes that U.S. Participants will hold their Common Stock as capital assets
within the meaning of Section 1221 of the Code. In addition, this summary does not address the foreign, state or local or other tax consequences,
or any U.S. federal non-income tax consequences, inherent in the acquisition, ownership, vesting, exercise, termination or disposition
of an award under the 2025 Plan, or shares issued pursuant thereto. Participants are urged to consult with their own tax advisors concerning
the tax consequences to them of an award under the 2025 Plan or shares issued thereunder pursuant to the 2025 Plan.

A U.S.