Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 46

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 46
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, the term "Change of Control" shall also have such additional meanings as are permitted or required under Section
409A:

(a) Change of Ownership of the Company. A change of ownership of the Company occurs on the date that any one person or persons acting as a
Group (as that term is defined in Subparagraph (2) below) acquires ownership of the stock of the Company, that, together with stock held
by such person or Group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock of
the Company or of any corporation that owns at least fifty percent (50%) of the total fair market value and total voting power of Company.

(1)
However, if any person or Group is considered to own more than fifty percent (50%) of the total fair market value or total voting power
of the stock of the Company, the acquisition of additional stock by the same person or Group of persons is not considered to cause a Change
of Control. In addition, the term Change of Control shall apply if there is an increase in the percentage of stock owned by any one person
or persons, acting as a Group, as a result of a transaction in which the Company acquires its stock in exchange for property. The rule
set forth in the immediately preceding sentence applies only when there is a transfer of stock of Company (or issuance of stock of Company)
and the stock of Company remains outstanding after the transaction.

(2)
Persons will not be considered to be acting as a Group solely because they purchase or own stock of the Company at the same time, or as
a result of the same public offering. However, persons will be considered to be acting as a Group if they are shareholders of the Company
and it enters into a merger, consolidation, purchase or acquisition of stock or similar business transaction with another corporation.
If a person owns stock in Company and another corporation is involved in a business transaction, then the stockholder of Company is deemed
to be acting as a Group with other shareholders in the Company prior to the transaction

(b) Change in Board of Directors. The date a majority of the members of the Company’s Board of Directors are replaced during any 12-month
period by directors whose appointment or election is not endorsed by a majority of the members of the Company's Board of Directors before
the date of the appointment or election.

(c) Change in Ownership of Company's Assets. A change in the ownership of a substantial portion of Company's assets occurs