Legal Opinion
Introduction
This legal opinion is issued by Shanghai Jintiancheng (Shenzhen) Law Firm regarding Gokai Technology Co., Ltd.'s 2021 Stock Option Incentive Plan, specifically concerning the achievement of exercise conditions for the third exercise period and the cancellation of certain stock options.
Definitions
In this legal opinion, unless otherwise specified, the following terms have the meanings ascribed to them:
- Gokai Technology: Gokai Technology Co., Ltd.
- Incentive Plan: Gokai Technology Co., Ltd. 2021 Stock Option Incentive Plan.
- Stock Options: Rights granted to incentive recipients to purchase a certain number of company shares at predetermined prices and conditions within a specified period.
- Incentive Recipients: Directors, senior management, key personnel, and other employees deemed eligible by the board of directors.
- Exercise: The act of exercising stock options according to the incentive plan.
- Exercise Conditions: Conditions that must be met for incentive recipients to exercise their stock options.
- Cancellation: The act of canceling stock options that have been granted but not exercised.