[EQUITY INTERESTS TRANSFER AGREEMENT BETWEEN SHOUGUANG CITY HAOYUAN CHEMICAL COMPANY LIMITED, GULF RESOURCES, INC. SHOUGUANG CITY RONGYUAN CHEMICAL CO, LTD. YihongYuan Weihua Chen Weijie Chen AND Cuiping Liu DATED AS OF January 12, 2015 1 This EQUITY INTERESTS TRANSFER AGREEMENT (this "Agreement") is entered into as of January 12, 2015 (the "Effective Date") in Shouguang City, Shandong Province, by and] [Equity Interest Transfer Agreement Party A: (Collectively called party A below) Party B: Backgrounds: 1. 2. Party A is a citizen of the People's Republic of China, as the day of signing this agreement, party A holds shares of target company. 3. Party B is a citizen of the People's Republic of China, would like to buy a majority stake] [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] [CUSIP No. 40251W309 1.]