DIRECTORS AND EMPLOYEES’ BENEFITS

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

DIRECTORS AND EMPLOYEES’ BENEFITS

14. DIRECTORS AND EMPLOYEES’ BENEFITS

AEI Stock Option plans

Under our 2018 Incentive Compensation Plan (the “Plan”), adopted by our board of directors and holders of a majority of our outstanding shares of common stock in September 2018, 25,000 shares of common stock (subject to certain adjustments) were reserved for issuance upon exercise of stock options and grants of other equity awards. No options or other equity awards have been granted under the Plan. The reservation of shares under the Incentive Compensation Plan was cancelled in May 2021.

Alset International Stock Option plans

On November 20, 2013, Alset International approved a Stock Option Plan (the “2013 Plan”). Employees, executive directors, and non-executive directors (including the independent directors) are eligible to participate in the 2013 Plan.

The following tables summarize stock option activity under the 2013 Plan for the three months ended June 30, 2024:

	Options for Common Shares			Exercise Price		Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding as of January 1, 2023		1,061,333		$	0.09		1.00	$	-
Vested and exercisable at January 1, 2023		1,061,333		$	0.09		1.00	$	-
Granted		-			-
Exercised		-			-
Forfeited, cancelled, expired		(1,061,333	)		0.09
Outstanding as of December 31, 2023		-		$	-		0.00	$	-
Vested and exercisable at December 31, 2023		-		$	-		0.00	$	-
Granted		-			-
Exercised		-			-
Forfeited, cancelled, expired		-			-
Outstanding as of June 30, 2024		-		$	-		-	$	-
Vested and exercisable at June 30, 2024		-		$	-		-	$	-