Company: IMNN
Filing Date: 2025-06-09
Form Type: DEF 14A
Source: 0001641172-25-014324
Chunk: 102

Company: Imunon, Inc.
Filing Date: 2025-06-09
Form: DEF 14A
Chunk 102
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 the portion of such option or SAR surrendered, whether or not vested or exercisable,       
 multiplied by the excess, if any, of the Fair Market Value of a share of Common Stock as of the date of the Change in Control, over         
 the purchase price or base price per share of Common Stock subject to such option or SAR, (B) in the case of a Stock Award or a Performance 
 Award denominated in shares of Common Stock, the number of shares of Common Stock then subject to the portion of such award surrendered     
 to the extent the Performance Measures applicable to such award have been satisfied or are deemed satisfied pursuant to Section             
 5.8(a)(i), whether or not vested, multiplied by the Fair Market Value of a share of Common Stock as of the date of the Change               
 in Control, and (C) in the case of a Performance Award denominated in cash, the value of the Performance Award then subject to the          
 portion of such award surrendered to the extent the Performance Measures applicable to such award have been satisfied or are deemed         
 satisfied pursuant to Section 5.8(a)(i); (ii) shares of capital stock of the corporation resulting from or succeeding to the                
 business of the Company pursuant to such Change in Control, or a parent corporation thereof, having a fair market value not less            
 than the amount determined under clause (i) above; or (iii) a combination of the payment of cash pursuant to clause (i) above and           
 the issuance of shares pursuant to clause (ii) above.                                                                                       |

(b) For purposes of this Plan, a “ Change in Control” shall mean:

| (1) | The                                                                                                                                        
 consummation of an amalgamation, merger or consolidation of the Company with or into another entity or any other corporate reorganization  
 of the Company, if more than fifty percent (50%) of the combined voting power of the continuing or surviving entity’s securities           
 outstanding immediately after such amalgamation, merger, consolidation or other reorganization (or, if applicable, more than fifty         
 percent (50%) of the combined voting power of the ultimate parent company that directly or indirectly has beneficial ownership of          
 the securities of such continuing or surviving entity) is not owned directly or indirectly by persons who were holders of the Company’s    
 then-outstanding voting securities immediately prior to such amalgamation, merger, consolidation or other reorganization;                  |
| (2) | The                                                                                                                                        
 sale, transfer or other disposition of all or substantially all of the Company’s assets to an entity that