Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002457
Chunk: 49

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 49
---
 power to administer the Incentive Plan and make all determinations deemed necessary
or advisable for administering the Incentive Plan, including the power to determine the fair market value of common stock, select
the service providers to whom awards may be granted, determine the number of shares covered by each award, approve forms of award
agreement for use under the Incentive Plan, determine the terms and conditions of awards (including the exercise price, the time or
times when the awards may be exercised, any vesting acceleration or waiver of forfeiture restrictions and any restriction or
limitation regarding any award or the shares relating thereto), construe and interpret the terms of the Incentive Plan and awards
granted under it, prescribe, amend and rescind rules and regulations relating to the Incentive Plan, including creating sub-plans,
and modify or amend each award, including the discretionary authority to extend the post-termination exercisability period of awards
(provided that no option or stock appreciation right will be extended past its original maximum term), temporarily suspend the
exercisability of an award if the administrator deems such suspension to be necessary or appropriate for administrative purposes and
to allow a participant to defer the receipt of payment of cash or the delivery of shares that would otherwise be due to such
participant under an award. The administrator may institute and determine the terms of an exchange program under which
(i) outstanding awards are surrendered or cancelled in exchange for awards of the same type (which may have a higher or lower
exercise price or different terms), awards of a different type and/or cash, (ii) participants would have the opportunity to
transfer any outstanding awards to a financial institution or other person or entity selected by the administrator and/or
(iii) the exercise price of an outstanding award is increased or reduced. The administrator’s decisions, determinations
and interpretations are final and binding on all participants.

<div align='center'>32</div>

Stock Options. Stock options may be granted under the Incentive Plan in such amounts as the administrator will determine in accordance with the terms of the Incentive Plan. The exercise price of options granted under the Incentive Plan must at least be equal to the fair market value of our Common Stock on the date of grant. The term of an option will be stated in the award agreement, and in the case of an incentive stock option, may not exceed 10 years. With respect to any participant who owns stock representing more than 10% of the voting power