Company: INDP
Filing Date: 2025-04-17
Form Type: PRE 14A
Source: 0001641172-25-005234
Chunk: 59

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-04-17
Form: PRE 14A
Chunk 59
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 The terms and conditions of each stock-based award shall be determined by the plan administrator.

Clawback Rights.
Awards granted under the 2021 Plan will be subject to recoupment or clawback under the company’s clawback policy and applicable
law, both as in effect from time to time.

Sale of the Company.
In the event of a sale or merger of the Company, the Board may, in its discretion, provide that outstanding awards granted under the
2021 Plan will (i) become vested and/or exercisable, (ii) be cancelled in exchange for a payment of cash or shares, or (iii) be otherwise
amended, modified or terminated.

No Repricing.
The 2021 Plan prohibits the amendment of the terms of any outstanding award, and any other action taken in a manner to achieve (i) the
reduction of the exercise price of NQSOs, ISOs or stock appreciation rights (collectively, “Stock Rights”); (ii) the cancellation
of outstanding Stock Rights in exchange for cash or other awards with an exercise price that is less than the exercise price or base
price of the original award; (iii) the cancellation of outstanding Stock Rights with an exercise price or base price that is less than
the then current fair market value of a share of common stock in exchange for other awards, cash or other property; or (iv) otherwise
effect a transaction that would be considered a “repricing” for the purposes of the stockholder approval rules of the applicable
securities exchange or inter-dealer quotation system on which the common stock is listed or quoted without stockholder approval.

Transferability of Awards. Except as described below, awards under the 2021 Plan generally are not transferable by the recipient other than by will
or the laws of descent and distribution. Any amounts payable or shares issuable pursuant to an award generally will be paid only to the
recipient or the recipient’s beneficiary or representative. The plan administrator has discretion, however, to permit certain transfer
of awards to other persons or entities.

Adjustments.
As is customary in incentive plans of this nature, each share limit and the number and kind of shares available under the 2021 Plan and
any outstanding awards, as well as the exercise price or base price of awards, and performance targets under certain types of performance-based
awards, are subject to adjustment in the event of certain reorganizations, mergers, combinations, recapitalizations, stock splits, reverse
stock splits,