Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 49

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 49
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 shall be deemed to be an Incumbent Director for purposes of this paragraph (e), but excluding, for this purpose, any such individual
whose initial assumption of office occurs as a result of either an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, entity or
“group” other than the Board (including, but not limited to, any such assumption that results from paragraphs (a), (b), (c),
or (d) of this definition).

2.8“” shall mean the United States of America Internal Revenue Code of 1986, as amended. Reference in the Plan
to any section of the Code shall be deemed to include any amendments or successor provisions to any section and any regulation under such
section.

2.9“” shall mean a committee comprised of two (2) or more members of the Board who are selected by the
Board as provided in Section 4.1.

2.10
“” shall have the meaning given to such term in the introductory paragraph, including any successor
thereto.

2.11“” shall mean any non-Employee (individual or entity) advisor to the Company or an Affiliate who or
which has contracted directly with the Company or an Affiliate to render bona fide consulting or advisory services thereto.

2.12“” shall mean a member of the Board or a member of the board of directors of an Affiliate, in either
case, who is not an Employee.

2.13“” shall mean an Award granted under Article XIII of the Plan which entitles the
Holder to receive bookkeeping credits, cash payments and/or Share distributions equal in amount to the distributions that would have been
made to the Holder had the Holder held a specified number of Shares during the period the Holder held the Distribution Equivalent Right.

2.14“” shall mean a written agreement between the Company and a Holder
with respect to a Distribution Equivalent Right Award.

2.15
“” shall mean September 4, 2025.

2.16
“” shall mean any employee, including any officer, of the Company or an Affiliate.

2.17
“g” shall mean the United States of America Securities Exchange Act of 1934, as amended.

Gulf Resources, Inc. 2025 Stock Incentive Plan

2.18“” shall mean, as of any specified date, the closing sales price of the