Company: CXAI
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001829126-25-002762
Chunk: 21

Company: CXApp Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 21
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, warrants, puts and calls and other similar instruments
on our securities, (3) hedging transactions (including, without limitation, prepaid variable forward sale contracts, equity swaps, collars
and exchange funds), or otherwise engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the
market value of our securities, (4) pledging any of our securities as collateral for any loans, (5) holding our securities in a margin
account and (6) placing standing or limit orders on our securities.

Code of Business Conduct and Ethics

We have adopted a Code of
Business Conduct and Ethics that applies to all of our directors, officers and other employees, including our chief executive officer,
chief financial officer and all senior financial officers, and any principal accounting officer or persons performing similar functions.
The code of ethics is available on our website at ir.cxapp.com/corporate-governance/governance-highlights. We intend to make any legally
required disclosures regarding amendments to, or waivers of, provisions of our code of ethics on our website.

Director Independence

The Board consists of five (5) members. We determined that each director, other than Mr. Sheikh, are independent directors in accordance with the listing requirements of Nasdaq. The Nasdaq independence definition includes a series of objective tests, including that the director is not, and has not been for at least three years, one of the Company’s employees and that neither the director nor any of his, her or their family members has engaged in various types of business dealings with the Company. There are no family relationships among any of the Company’s directors or executive officers.

Board Compensation

Our Board maintains a director compensation policy (the “Director Compensation Policy”) for our directors. The Director Compensation Policy was developed by taking into consideration practices and compensation levels at comparable companies. The Director Compensation Policy is designed to attract, retain and reward outside directors.

Under the Director Compensation Policy, each outside director is eligible to receive the cash and equity compensation for Board services described below. We also will reimburse our directors for reasonable, customary and documented travel expenses to meetings of our Board or its committees and other expenses.

Cash Compensation

The Director Compensation Policy does not contemplate that directors are entitled to receive any annual cash compensation for their service.

Equity Compensation

Each person who first becomes a director following the effective date of the Director Compensation Policy will receive an annual award of RSUs having a value to be determined by the Board upon recommendation of the Compensation Committee (with the number