Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 51

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 51
---
 provisions of Section 162(m) of the Code, and the
regulations promulgated under each of such statutory provisions, or the respective successors to such statutory provisions or regulations,
as in effect from time to time, to the extent applicable.

(b) Indemnification.
Each person who is or shall have been a member of the Board or the Committee, or an officer or employee of the Company to whom authority
was delegated in accordance with the Plan shall be indemnified and held harmless by the Company against and from any loss, cost, liability,
or expense that may be imposed upon or reasonably incurred by such individual in connection with or resulting from any claim, action,
suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to
act under the Plan and against and from any and all amounts paid by him or her in settlement thereof, with the Company's approval, or
paid by him or her in satisfaction of any judgment in any such action, suit, or proceeding against him or her, provided he or she shall
give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it
on his or her own behalf; provided, however, that the foregoing indemnification shall not apply to any loss, cost, liability, or expense
that is a result of his or her own willful misconduct. The foregoing right of indemnification shall not be exclusive of any other rights
of indemnification to which such persons may be entitled under the Company's Articles of Incorporation or Bylaws, conferred in a separate
agreement with the Company, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

| B-5 |

<div align='center'>ARTICLE IV

SHARES</div>

4.1 Number of Shares Issuable. The maximum aggregate number of shares of Common Stock that may be issued pursuant to Awards shall be 1,500,000
shares of Common Stock, all of which shares of Common Stock may be issued under the Plan as Incentive Stock Options. The foregoing share
limits shall be subject to adjustment in accordance with Section 10.7. The shares to be offered under the Plan shall be authorized and
unissued Common Stock, or issued Common Stock that shall have been reacquired by the Company.

4.2 Shares Subject to Terminated