Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 66

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 66
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 Company for cancellation on such terms as the Committee
and the holder approve. With the consent of the Participant, the Committee may substitute a new Award under the Plan in connection
with the surrender by the Participant of an equity compensation award previously granted under the Plan or any other plan sponsored by
the Company; provided, however, that no such substitution shall be permitted without the approval of the Company's shareholders if such
approval is required by the rules of any applicable stock exchange.

| B-13 |

10.7 Adjustments to Reflect Capital Changes.

(a) Recapitalization.
In the event of any corporate event or transaction (including, but not limited to, a change in the Common Stock or the capitalization
of the Company) such as a merger, consolidation, reorganization, recapitalization, separation, partial or complete liquidation, stock
dividend, stock split, reverse stock split, split up, spin-off, or other distribution of stock or property of the Company, a combination
or exchange of Common Stock, dividend in kind, or other like change in capital structure, number of outstanding shares of Common Stock,
distribution (other than normal cash dividends) to shareholders of the Company, or any similar corporate event or transaction, the Committee,
in order to prevent dilution or enlargement of Participants' rights under the Plan, shall make equitable and appropriate adjustments and
substitutions, as applicable, to or of the number and kind of shares subject to outstanding Awards, the Purchase Price or Exercise Price
for such shares, the number and kind of shares available for future issuance under the Plan and the maximum number of shares in respect
of which Awards can be made to any Participant in any calendar year, and other determinations applicable to outstanding Awards. The Committee
shall have the power and sole discretion to determine the amount of the adjustment to be made in each case.

(b) Merger.
Effective upon the consummation of a Merger, all outstanding Awards under the Plan shall terminate. However, all such Awards shall not
terminate to the extent they are assumed in connection with the Merger. The Committee shall have the authority, exercisable either in
advance of any actual or anticipated Merger or at the time of an actual Merger and exercisable at the Date of Grant of an Award under
the Plan or any time while an Award remains outstanding, to provide for the full or partial automatic vesting and exercisability of one
or more outstanding unvested Awards under the Plan and the release from restrictions on transfer and