Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 47

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 47
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 on the date that
any person, or more than one person acting as a Group, acquires or has acquired during the 12-month period ending on the date of the most
recent acquisition by such person or persons) assets from the Company that have a total fair market value equal to more than forty percent
(40%) of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions. For
this purpose, gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined
without regard to any liabilities associated with such assets. Notwithstanding the foregoing, there will be no Change in Control pursuant
to this Subparagraph (c) if the assets are transferred to:

(i)
A shareholder of Company (immediately before the asset transfer) in exchange for or with respect to its stock;

(ii)
An entity, fifty percent (50%) or more of the total value or voting power of which is owned directly or indirectly, by the Company;

(iii)
A person, or more than one person, acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value
or voting power of all the outstanding stock of the Company; or

(iv)
An entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a person described
in Subparagraph (iii) immediately above.

(d) a complete liquidation
or dissolution of the Company.

| B-2 |

2.8 Code
means the Internal Revenue Code of 1986, as amended. References to a section of the Code shall include that section and any comparable
section or sections of any future legislation that amends, supplements or supersedes said section.

2.9 Committee
means the Compensation Committee of the Board.

2.10 Company
means Pro-Dex, Inc. and its successors.

2.11 Common Stock means the common stock of the Company, no par value per share.

2.12 Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in
the election of directors to the Board.

2.13 Date of Grant means the date designated by the Committee as the date as of which it grants an Award, which shall not be earlier than the date
on which the Committee approves the granting of such Award.

2.14 Dividend Equivalent Account means a bookkeeping account in