[LOCK-UP AGREEMENT THIS LOCK-UP AGREEMENT Lock-Up Agreement Company Shareholders WHEREAS Shares NOW, THEREFORE, Section 1. Transfer th Lock-up Period (b) If (i) the Company issues an earnings release or material news, or a material event relating to the Company occurs, during the last 17 days of the Lock-up Period, or (ii) prior to the expiration of the Lock-up Period, the] [SHOUGUANG, China, Feb. 4, 2015 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company" or "GURE"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company has closed the Equity Interest Transfer Agreement with Shouguang City Rongyuan Chemical Co., Ltd ("SCRC"), and entered into a five year lock up] [+86 (536) 567-0008 o o o o Item 2.01 Completion of Acquisition or Disposition of Assets. Item 3.02 Unregistered Sales of Equity Securities.]