Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 31

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 31
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 Incentive Plan, which definition includes, among other items,
(a) conditions under which a person or group becomes a beneficial owner of 50% or more of the voting power of our outstanding stock,
or (b) a majority change in the composition of our Board occurring within a one-year period, or (c) a change in the ownership of
more than 40% of the Company’s assets, or (d) a complete liquidation or dissolution of the Company):

| · | the Board has the discretion to accelerate the vesting of any outstanding 
 options or stock appreciation rights;                                     |

| · | unless otherwise set forth in the applicable award agreement, all restrictions                                                          
 applicable to restricted shares and restricted stock unit awards shall terminate fully and the underlying shares will be delivered; and |

| · | unless otherwise set forth in the applicable award agreement, all performance                
 awards shall immediately become vested and payable within 30 days after a change of control. |

<div align='center'>AUDIT COMMITTEE REPORT</div>

The Audit Committee reports
to and acts on behalf of our Board in providing oversight to our financial management, independent registered public accounting firm,
and financial reporting procedures. Our management is responsible for preparing our financial statements and the independent registered
public accounting firm is responsible for auditing those statements. In this context, the Audit Committee has reviewed and discussed the
audited financial statements contained in our 2025 Annual Report on Form 10-K with management and Baker Tilly US, LLP, the independent
registered public accounting firm engaged to audit such financial statements.

The Audit Committee has discussed
with Baker Tilly US, LLP the matters required to be discussed by Auditing Standard No. 16 (“Communications with Audit Committees”).
The Audit Committee has received the written disclosures and the letter from Baker Tilly US, LLP required by applicable requirements of
the Public Company Accounting Oversight Board regarding the independent registered public accounting firm’s communications with
the audit committee concerning independence and has discussed with Baker Tilly US, LLP its independence. In concluding that Baker Tilly
US, LLP is independent, the Audit Committee considered, among other factors, whether any non-audit services provided by Baker Tilly US,
LLP were compatible with maintaining its independence.

In reliance on the reviews
and discussions referred to above, the Audit Committee recommended to our Board that the audited financial statements be included in our
Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and be filed with the SEC