Company: CXAI
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001829126-25-002762
Chunk: 45

Company: CXApp Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 45
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 on this proposal.

Summary of the Proposed Amendment

Our Board of Directors adopted the 2025 Plan Amendment, subject to stockholder approval, to increase the number of shares of our common stock available for future issuance pursuant to awards under the Plan to equal 5,676,000.

The specific 2025 Plan Amendment to Section 3, which is attached hereto as Appendix B-1, is set forth below:

“ Section 3(a) Stock Subject to the Plan. Subject to the provisions of Section 14 of the Plan and the automatic increase set forth in Section 3(b), the maximum aggregate number of Shares that may be issued under the Plan is 5,676,000 Shares. In addition, Shares may become available for issuance under the Plan pursuant to Sections 3(b) and 3(c). The Shares may be authorized, but unissued, or reacquired Class A Common Stock.

Section 3(b) Automatic Share Reserve Increase. Subject to the provisions of Section 14 of the Plan, the number of Shares available for issuance under the Plan will be increased as of January 1 of each Fiscal Year beginning with the 2025 Fiscal Year and ending on (and including) the 2034 Fiscal Year, in an amount equal to the lesser of (i) fifteen percent (15%) of the total outstanding shares of Common Stock on the last day of the immediately preceding Fiscal Year; or (ii) such number of Shares as is determined by the Administrator.”

Except for the specific 2025 Plan Amendment, the 2023 Plan remains in force and unmodified.

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Description of the Plan

Eligibility. Employees
(including officers), non-employee directors and consultants who render services to the Company or an affiliate thereof (whether now existing
or subsequently established) are eligible to receive awards under the Incentive Plan. Incentive stock options may only be granted to employees
of the Company or a parent or subsidiary thereof.

Authorized Shares.
Subject to the adjustment provisions of the Incentive Plan, and the automatic increase described in the Incentive Plan, the maximum aggregate
number of shares of common stock that may be issued under the Incentive Plan will equal 5,676,000 shares of common stock. Subject to the
adjustment provisions of the Incentive Plan, the number of shares of common stock available for issuance under the Incentive Plan will
also include an annual increase on the first day of each fiscal year beginning