Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 33

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 33
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, and certain other employees
are prohibited from: (i) purchasing financial instruments that are designed to hedge our securities or offset any fluctuations in the
market value of our Common Stock; (ii) purchasing shares of our Common Stock on margin; (iii) short-selling shares of our Common Stock;
and (iv) pledging, whether directly or indirectly, shares of our Common Stock as collateral for a loan, unless the aggregate fair market
value of all collateral for the loan (inclusive of the fair market value of our Common Stock pledged as collateral for the loan) equals
or exceeds 200% of the total obligations under the loan from time to time outstanding.

<div align='center'>POLICIES AND PROCEDURES FOR APPROVAL OF RELATED PARTY TRANSACTIONS</div>

Our Board has the responsibility
to review and discuss with management and approve, and has adopted written policies and procedures relating to approval or ratification
of, interested transactions with related parties. During this process, the material facts as to the related party’s interest
in a transaction are disclosed to all Board members or an applicable committee. Under the policies and procedures, the Board is to
review each interested transaction with a related party that requires approval and either approve or disapprove of the entry into the
interested transaction. An “interested transaction” is any transaction in which we are a participant and any related
party has or will have a direct or indirect interest. Transactions that are in the ordinary course of business and would not require
either disclosure pursuant to Item 404(a) of Regulation S-K under the Securities Act or approval of the Board or an independent committee
of the Board pursuant to applicable Nasdaq rules would not be deemed interested transactions. No director may participate in any
approval of an interested transaction with respect to which such director is a related party. Our Board intends to approve only those
related party transactions that are in the best interests of the Company and our shareholders.

We invest surplus cash from
time to time through our Investment Committee, which is comprised of one management director, Rick, and two non-management directors,
Ray and Nick, who chairs the committee. Both Ray and Nick are active investors with extensive portfolio management expertise. We
leverage the experience of these committee members to make investment decisions for the investment of our surplus operating capital or
borrowed funds. Additionally, many of our securities holdings include stocks of public companies that either Nick or Ray or both
may own from time to time either individually or through the investment funds that they manage, or