Company: INDP
Filing Date: 2025-04-17
Form Type: PRE 14A
Source: 0001641172-25-005234
Chunk: 56

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-04-17
Form: PRE 14A
Chunk 56
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 with respect to awards to non-employee directors and by the Compensation
Committee with respect to other participants, each of which may delegate its duties and responsibilities to committees of the company’s
directors and/or officers (all such bodies and delegates referred to collectively as the plan administrator), subject to certain limitations
that may be imposed under Section 16 of the Exchange Act, and/or other applicable law or stock exchange rules, as applicable. The plan
administrator has the authority to make all determinations and interpretations under, prescribe all forms for use with, and adopt rules
for the administration of, the 2021 Plan, subject to its express terms and conditions. The plan administrator also sets the terms and
conditions of all awards under the 2021 Plan, including any vesting and vesting acceleration conditions.

Share Reserve.
The maximum aggregate number of shares that may be issued pursuant to awards under the 2021 Plan shall be the 3,116,784 shares. Commencing
on January 1, 2025 and on each January 1 thereafter through and including January 1, 2029, the aggregate number of shares available for
issuance under the 2021 Plan shall be increased by that number of shares of our common stock equal to the lesser of:

| ● | 5% of our outstanding common stock on the               
 last day of the immediately preceding calendar year; or |

| ● | an amount determined by our Board. |

| 34 |

There will be no limit
on the number of shares that may become available for issuance under the 2021 Plan pursuant to the foregoing evergreen provisions. Under
the 2021 Plan, no more than 20,000,000 shares may be issued upon the exercise of ISOs, subject to adjustment for changes in our capitalization
and certain corporate transactions, as described below.

All of the foregoing
share numbers are subject to adjustment for changes in our capitalization and certain corporate transactions, as described below.

The share reserve is
subject to the following adjustments:

| ● | The                                                                                        
 share limit is increased by the number of shares subject to awards granted that later are  
 forfeited, expire or otherwise terminate without issuance of shares, or that are settled   
 for cash or otherwise do not result in the issuance of shares.                             |
| ● | Shares                                                                                     
 that are withheld upon exercise to pay the exercise price of a stock option or satisfy any 
 tax withholding requirements are added back to the share reserve and again are available   
 for issuance