Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002457
Chunk: 53

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 53
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 will be assumed, or substantially equivalent awards will be substituted, by the acquiring or
succeeding corporation (or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices, (ii) upon
written notice to a participant, that the participant’s awards will terminate upon or immediately prior to the consummation of such
merger or change in control, (iii) outstanding awards will vest and become exercisable, realizable or payable, or restrictions applicable
to an award will lapse, in whole or in part, prior to or upon consummation of such merger or change in control and, to the extent the
administrator determines, terminate upon or immediately prior to the effectiveness of such merger or change in control, (iv) (A) the
termination of an award in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained upon
the exercise of such award or realization of the participant’s rights as of the date of the occurrence of the transaction (and,
for the avoidance of doubt, if as of the date of the occurrence of the transaction the administrator determines in good faith that no
amount would have been attained upon the exercise of such award or realization of the participant’s rights, then such award may
be terminated by us without payment), or (B) the replacement of such award with other rights or property selected by the administrator
in its sole discretion, or (v) any combination of the foregoing. The administrator will not be obligated to treat similarly all awards,
all awards a participant holds, all awards of the same type or all portions of awards.

In the event that the successor
corporation does not assume or substitute for the award (or portions thereof), the participant will fully vest in and have the right to
exercise all of his or her outstanding options and stock appreciations rights (or portions thereof) that are not assumed or substituted
for, all restrictions on restricted stock, RSUs, performance shares and performance units (or portions thereof) not assumed or substituted
for will lapse, and, with respect to such awards with performance-based vesting (or portions thereof) not assumed or substituted for,
all performance goals or other vesting criteria will be deemed achieved at 100% of target levels and all other terms and conditions met,
in all cases, unless otherwise specifically provided for under the applicable award agreement or other written agreement between the participant
and us or any parent or subsidiary. Additionally, in the event an option or