Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 52

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 52
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 Awards. Common Stock covered by any unexercised portions of terminated or forfeited Options (including canceled
Options) granted under Article VI, Common Stock forfeited as provided in Section 7.2(a), Stock Units and other stock-based Awards
terminated or forfeited as provided in Article IX, and Common Stock subject to any Awards that are otherwise surrendered by the Participant
may again be subject to new Awards under the Plan.

<div align='center'>ARTICLE V</div>

PARTICIPATION 5.1 Eligible Participants. Participants in the Plan shall be such employees, directors and consultants of the Company and its Subsidiaries
as the Committee, in its sole discretion, may designate from time to time. The Committee's designation of a Participant in any year shall
not require the Committee to designate such person to receive Awards or grants in any other year. The designation of a Participant to
receive Awards or grants under one portion of the Plan does not require the Committee to include such Participant under other portions
of the Plan. The Committee shall consider such factors as it deems pertinent in selecting Participants and in determining the type
and amount of their respective Awards. Incentive Stock Options may only be granted to employees of the Company or its Subsidiaries.
Subject to adjustment in accordance with Section 10.7, in any calendar year, no Participant shall be granted Awards in respect of
more than 100,000 shares of Common Stock (whether through grants of Options or Stock Appreciation Rights or other Awards of Common Stock
or rights with respect thereto). Furthermore, subject to adjustment in accordance with Section 10.7, in any calendar year, no more than
a total of 75,000 shares of Common Stock may be granted as Awards under the Plan to the Company's non-employee directors.

<div align='center'>ARTICLE VI

STOCK OPTIONS AND STOCK APPRECIATION RIGHTS</div>

6.1 Option Awards.

(a) Grant of Options. The Committee may grant, to such Participants as the Committee may select, Options entitling the Participant to purchase
shares of Common Stock from the Company in such number, at such price, and on such terms and subject to such conditions, not inconsistent
with the terms of the Plan, as may be established by the Committee. The terms of any Option granted under the Plan shall be set
forth in an Award Agreement.

(b) Purchase Price of Options. The “Purchase Price” of each share of Common Stock which may