Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 67

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 67
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 repurchase or forfeiture rights of
such Awards in connection with a Merger, on such terms and conditions as the Committee may specify. The Committee also shall have the
authority to condition any such Award vesting and exercisability or release from such limitations upon the subsequent Termination of Service
of the Participant within a specified period following the effective date of the Merger. The Committee may provide that any Awards so
vested or released from such limitations in connection with a Merger shall remain fully exercisable until the expiration or sooner termination
of the Award. Any Incentive Stock Option accelerated under this Section 11.7(b) in connection with a Merger shall remain exercisable as
an Incentive Stock Option under the Code only to the extent the $100,000 dollar limitation of Section 422(d) is not exceeded.

(c) Options to Purchase Shares or Stock of Acquired Companies. After any Merger in which the Company or a Subsidiary shall be a surviving corporation,
the Committee may grant substituted options under the provisions of the Plan, pursuant to Section 424 of the Code, replacing old options
granted under a plan of another party to the Merger whose shares or stock subject to the old options may no longer be issued following
the Merger. The foregoing adjustments and manner of application of the foregoing provisions shall be determined by the Committee in its
sole discretion. Any such adjustments may provide for the elimination of any fractional shares which might otherwise become subject
to any Options.

10.8 No Right to Continued Service. No person shall have any claim of right to be granted an Award under the Plan. Neither the Plan
nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the service of the Company or
any of its Subsidiaries.

10.9 Awards Not Includable for Benefit Purposes. Payments received by a Participant pursuant to the provisions of the Plan shall not be
included in the determination of benefits under any pension, group insurance or other benefit plan applicable to the Participant which
is maintained by the Company or any of its Subsidiaries, except as may be provided under the terms of such plans or determined by the
Board.

10.10 Governing Law. All determinations made and actions taken pursuant to the Plan shall be governed by the laws of the State of Colorado and
construed in accordance therewith.

10.11 No Strict Construction. No rule of strict construction shall be implied against the Company,