Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 56

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 56
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-year anniversary of the Sate of Grant or, in the case of an Incentive Stock Option granted to a Participant who, at the
time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of
stock of the Company or any of its Subsidiaries, five years from the Date of Grant.

6.4 Exercise Procedures. Each Option and Stock Appreciation Right granted under the Plan shall be exercised prior to the close of business
on the expiration date of the Option or Stock Appreciation Right by notice to the Company or by such other method as provided in the Award
Agreement or as the Committee may establish or approve from time to time. The Purchase Price of shares purchased upon exercise of an Option
granted under the Plan shall be paid in full in cash by the Participant pursuant to the Award Agreement; provided, however, that the Committee
may (but shall not be required to) permit payment to be made by delivery to the Company of either (a) Common Stock (which may include
Restricted Shares or shares otherwise issuable in connection with the exercise of the Option, subject to such rules as the Committee
deems appropriate) or (b) any combination of cash and Common Stock, or (c) such other consideration as the Committee deems appropriate
and in compliance with applicable law (including payment under an arrangement constituting a brokerage transaction as permitted under
the provisions of Regulation T applicable to cashless exercises promulgated by the Federal Reserve Board, unless prohibited by Section 402
of the Sarbanes-Oxley Act of 2002). In the event that any Common Stock shall be transferred to the Company to satisfy all or any part
of the Purchase Price, the part of the Purchase Price deemed to have been satisfied by such transfer of Common Stock shall be equal to
the product derived by multiplying the Fair Market Value as of the date of exercise times the number of shares of Common Stock transferred
to the Company. The Participant may not transfer to the Company in satisfaction of the Purchase Price any fractional share of Common Stock.
Any part of the Purchase Price paid in cash upon the exercise of any Option shall be added to the general funds of the Company and may
be used for any proper corporate purpose. Unless the Committee shall otherwise determine, any Common Stock transferred to the Company
as payment of all or part of the Purchase Price upon the exercise of any Option may again be used for awards under the Plan.

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