Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 57

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 57
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6.5 Assumption of Grants Upon a Change in Control. Upon a Change in Control where the Company is not the surviving corporation (or survives
only as a subsidiary of another corporation), unless the Board determines otherwise, all outstanding Options and Stock Appreciation Rights
that are not exercised shall be Assumed by, or replaced with comparable options by the surviving corporation (or a parent or subsidiary
of the surviving corporation), and outstanding Stock Awards shall be converted to Stock Awards of the surviving corporation (or a parent
or subsidiary of the surviving corporation); provided, that, this sentence shall not be applicable to any Options or Stock Appreciation
Rights granted to a Participant if any Change in Control results from such Participant's beneficial ownership (within the meaning of Rule 13d-3
under the Exchange Act) of Common Stock or Company Voting Securities. Notwithstanding the foregoing, in the event of a Change of Control,
the Board, in its discretion, may take any of the following actions with respect to any or all outstanding Grants: the Board may (i) determine
that outstanding Options and/or Stock Appreciation Rights shall accelerate and become exercisable, in whole or in part, upon the Change
of Control or upon such other event as the Board determines, (ii) determine that the restrictions and conditions on outstanding Stock
Awards shall lapse, in whole or in part, upon the Change of Control or upon such other event as the Board determines, (iii) require that
Grantees surrender their outstanding Options and/or Stock Appreciation Rights in exchange for a payment by the Company, in cash or stock
as determined by the Board, in an amount equal to the amount by which the then Fair Market Value of the shares of Company Stock subject
to the Grantee's unexercised Options and/or Stock Appreciation Rights exceeds the Exercise Price of the Options or (iv) after giving Grantees
an opportunity to exercise their outstanding Options and/or Stock Appreciation Rights, terminate any or all unexercised Options and/or
Stock Appreciation Rights at such time as the Board deems appropriate. Such surrender or termination shall take place as of the
date of the Change of Control or such other date as the Board may specify. The Board shall have no obligation to take any of the foregoing
actions, and, in the absence of any such actions, outstanding Options, Stock Appreciation Rights and Stock Awards shall continue in effect
according to their terms (subject to any assumption discussed above).

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