Document:

WPCS INTERNATIONAL INCORPORATED

DIRECTOR AND OFFICER INDEMNIFICATION
AGREEMENT

This Director and
Officer Indemnification Agreement, dated as of December 16, 2013 (this “Agreement”), is made by and between
WPCS International Incorporated, a Delaware corporation (the “Company”), and Ilya Subkhankulov, an officer
of BTX Trader LLC, the Company’s wholly owned subsidiary. (the “Indemnitee”).

RECITALS:

A.Section 141
of the Delaware General Corporation Law provides that the business and affairs of a corporation shall be managed by or under the
direction of its board of directors.

B.By virtue
of the managerial prerogatives vested in the directors and officers of a Delaware corporation, directors and officers act as fiduciaries
of the corporation and its stockholders.

C.Thus, it is
critically important to the Company and its stockholders that the Company be able to attract and retain the most capable persons
reasonably available to serve as directors and officers of the Company.

D.In recognition
of the need for corporations to be able to induce capable and responsible persons to accept positions in corporate management,
Delaware law authorizes (and in some instances requires) corporations to indemnify their directors and officers, and further authorizes
corporations to purchase and maintain insurance for the benefit of their directors and officers.

E.The Delaware
courts have recognized that indemnification by a corporation serves the dual policies of (1) allowing corporate officials to resist
unjustified lawsuits, secure in the knowledge that, if vindicated, the corporation will bear the expense of litigation, and (2)
encouraging capable women and men to serve as corporate directors and officers, secure in the knowledge that the corporation will
absorb the costs of defending their honesty and integrity.

F. The number
of lawsuits challenging the judgment and actions of directors and officers of Delaware corporations, the costs of defending those
lawsuits and the threat to personal assets have all materially increased over the past several years, chilling the willingness
of capable women and men to undertake the responsibilities imposed on corporate directors and officers.

G.Recent federal
legislation and rules adopted by the Securities and Exchange Commission and the national securities exchanges have exposed such
directors and officers to new and substantially broadened civil liabilities.

H.Under Delaware
law, a director’s or officer’s right to be reimbursed for the costs of defense of criminal actions, whether such claims
are asserted under state or federal law, does not depend upon the merits of the claims asserted against the director or officer
and is separate and distinct from any right to indemnification the director may be able to establish.

    	 

    	 

    

 

I.Indemnitee
is, or will be, a director and/or officer of the Company or a subsidiary of the Company and his or her willingness to serve in
such capacity is predicated, in substantial part, upon the Company’s willingness to indemnify him or her in accordance with
the principles reflected above, to the fullest extent permitted by the laws of the State of Delaware, and upon the other undertakings
set forth in this Agreement.

J.Therefore,
in recognition of the need to provide Indemnitee with substantial protection against personal liability, in order to procure Indemnitee’s
continued service as a director and/or officer of the Company and to enhance Indemnitee’s ability to serve the Company in
an effective manner, and in order to provide such protection pursuant to express contract rights (intended to be enforceable irrespective
of, among other things, any amendment to the Company’s certificate of incorporation or bylaws (collectively, the “Constituent
Documents”), any change in the composition of the Company’s Board of Directors (the “Board”)
or any change-in-control or business combination transaction relating to the Company), the Company wishes to provide in this Agreement
for the indemnification and advancement of Expenses to Indemnitee on the terms, and subject to the conditions, set forth in this
Agreement.

K.In light of
the considerations referred to in the preceding recitals, it is the Company’s intention and desire that the provisions of
this Agreement be construed liberally, subject to their express terms, to maximize the protections to be provided to Indemnitee
hereunder.

AGREEMENT:

NOW, THEREFORE,
the parties hereby agree as follows:

1.                 
Certain Definitions. In addition to terms defined elsewhere herein, the following terms have the following meanings
when used in this Agreement with initial capital letters:

“Change
in Control” shall have occurred at such time, if any, as Incumbent Directors cease for any reason to constitute a
majority of Directors. For purposes of this Section 1(a), “Incumbent Directors” means the individuals
who, as of the date hereof, are Directors of the Company and any individual becoming a Director subsequent to the date hereof whose
election, nomination for election by the Company’s stockholders, or appointment, was approved by a vote of at least a majority
of the then Incumbent Directors (either by a specific vote or by approval of the proxy statement of the Company in which such person
is named as a nominee for director, without objection to such nomination); provided, however, that an individual shall not
be an Incumbent Director if such individual’s election or appointment to the Board occurs as a result of an actual or threatened
election contest (as described in Rule 14a-12(c) of the Securities Exchange Act of 1934, as amended) with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than
the Board.

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“Claim”
means (i) any threatened, asserted, pending or completed claim, demand, action, suit or proceeding, whether civil, criminal, administrative,
arbitrative, investigative or other, and whether made pursuant to federal, state or other law; and (ii) any inquiry or investigation,
whether made, instituted or conducted by the Company or any other Person, including, without limitation, any federal, state or
other governmental entity, that Indemnitee reasonably determines might lead to the institution of any such claim, demand, action,
suit or proceeding. For the avoidance of doubt, the Company intends indemnity to be provided hereunder in respect of acts or failure
to act prior to, on or after the date hereof.

“Controlled
Affiliate” means any corporation, limited liability company, partnership, joint venture, trust or other entity or
enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition,
“control” means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of an entity or enterprise, whether through the ownership of voting securities, through other voting
rights, by contract or otherwise; provided that direct or indirect beneficial ownership of capital stock or other interests
in an entity or enterprise entitling the holder to cast 15% or more of the total number of votes generally entitled to be cast
in the election of directors (or persons performing comparable functions) of such entity or enterprise shall be deemed to constitute
control for purposes of this definition.

“Disinterested
Director” means a director of the Company who is not and was not a party to the Claim in respect of which indemnification
is sought by Indemnitee.

“Expenses”
means attorneys’ and experts’ fees and expenses and all other costs and expenses paid or payable in connection with
investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be
a witness in or participate in (including on appeal), any Claim.

“Indemnifiable
Claim” means any Claim based upon, arising out of or resulting from (i) any actual, alleged or suspected act or failure
to act by Indemnitee in his or her capacity as a director, officer, employee or agent of the Company or as a director, officer,
employee, member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust
or other entity or enterprise, whether or not for profit, as to which Indemnitee is or was serving at the request of the Company,
(ii) any actual, alleged or suspected act or failure to act by Indemnitee in respect of any business, transaction, communication,
filing, disclosure or other activity of the Company or any other entity or enterprise referred to in clause (i) of this sentence,
or (iii) Indemnitee’s status as a current or former director, officer, employee or agent of the Company or as a current or
former director, officer, employee, member, manager, trustee or agent of the Company or any other entity or enterprise referred
to in clause (i) of this sentence or any actual, alleged or suspected act or failure to act by Indemnitee in connection with any
obligation or restriction imposed upon Indemnitee by reason of such status. In addition to any service at the actual request of
the Company, for purposes of this Agreement, Indemnitee shall be deemed to be serving or to have served at the request of the Company
as a director, officer, employee, member, manager, trustee or agent of another entity or enterprise if Indemnitee is or was serving
as a director, officer, employee, member, manager, agent, trustee or other fiduciary of such entity or enterprise and (i) such
entity or enterprise is or at the time of such service was a Controlled Affiliate, (ii) such entity or enterprise is or at the
time of such service was an employee benefit plan (or related trust) sponsored or maintained by the Company or a Controlled Affiliate,
or (iii) the Company or a Controlled Affiliate (by action of the Board, any committee thereof or the Company’s Chief Executive
Officer (“CEO”) (other than as the CEO him or herself)) caused or authorized Indemnitee to be nominated, elected, appointed,
designated, employed, engaged or selected to serve in such capacity.

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“Indemnifiable
Losses” means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim; provided,
however, that Indemnifiable Losses shall not include Losses incurred by Indemnitee in respect of any Indemnifiable Claim (or
any matter or issue therein) as to which Indemnitee shall have been adjudged liable to the Company, unless and only to the extent
that the Delaware Court of Chancery or the court in which such Indemnifiable Claim was brought shall have determined upon application
that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably
entitled to indemnification for such Expenses as the court shall deem proper.

“Independent
Counsel” means a nationally recognized law firm, or a member of a nationally recognized law firm, that is experienced
in matters of Delaware corporate law and neither presently is, nor in the past five years has been, retained to represent: (i)
the Company (or any subsidiary) or Indemnitee in any matter material to either such party (other than with respect to matters concerning
the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements) or (ii) any other named
(or, as to a threatened matter, reasonably likely to be named) party to the Indemnifiable Claim giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the
applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company
or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

“Losses”
means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other) and amounts
paid or payable in settlement, including, without limitation, all interest, assessments and other charges paid or payable in connection
with or in respect of any of the foregoing.

“Person”
means any individual, entity or group, within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended.

“Standard
of Conduct” means the standard for conduct by Indemnitee that is a condition precedent to indemnification of Indemnitee
hereunder against Indemnifiable Losses relating to, arising out of or resulting from an Indemnifiable Claim. The Standard of Conduct
is (i) good faith and a reasonable belief by Indemnitee that his action was in or not opposed to the best interests of the Company
and, with respect to any criminal action or proceeding, that Indemnitee had no reasonable cause to believe that his conduct was
unlawful, or (ii) any other applicable standard of conduct that may hereafter be substituted under Section 145(a) or (b) of the
Delaware General Corporation Law or any successor to such provision(s).

2.                 
Indemnification Obligation. Subject only to Section 7 and to the proviso in this Section, the Company shall indemnify,
defend and hold harmless Indemnitee, to the fullest extent permitted or required by the laws of the State of Delaware in effect
on the date hereof or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification,
against any and all Indemnifiable Claims and Indemnifiable Losses; provided, however, that, except as provided in Section
5, Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with (i) any Claim initiated by
Indemnitee against the Company or any director or officer of the Company unless the Company has joined in or consented to the initiation
of such Claim, or (ii) the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange
Act of 1934, as amended. The Company acknowledges that the foregoing obligation may be broader than that now provided by applicable
law and the Company’s Constituent Documents and intends that it be interpreted consistently with this Section and the recitals
to this Agreement.

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3.                 
Advancement of Expenses.  Indemnitee shall have the right to advancement by the Company prior to the final
disposition of any Indemnifiable Claim of any and all actual and reasonable Expenses relating to, arising out of or resulting from
any Indemnifiable Claim paid or incurred by Indemnitee. Without limiting the generality or effect of any other provision hereof,
Indemnitee’s right to such advancement is not subject to the satisfaction of any Standard of Conduct. Without limiting the
generality or effect of the foregoing, within five business days after any request by Indemnitee that is accompanied by supporting
documentation for specific reasonable Expenses to be reimbursed or advanced, the Company shall, in accordance with such request
(but without duplication), (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient
to pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall repay, without interest,
any amounts actually advanced to Indemnitee that, at the final disposition of the Indemnifiable Claim to which the advance related,
were in excess of amounts paid or payable by Indemnitee in respect of Expenses relating to, arising out of or resulting from such
Indemnifiable Claim. In connection with any such payment, advancement or reimbursement, at the request of the Company, Indemnitee
shall execute and deliver to the Company an undertaking, which need not be secured and shall be accepted without reference to Indemnitee’s
ability to repay the Expenses, by or on behalf of the Indemnitee, to repay any amounts paid, advanced or reimbursed by the Company
in respect of Expenses relating to, arising out of or resulting from any Indemnifiable Claim in respect of which it shall have
been determined, following the final disposition of such Indemnifiable Claim and in accordance with Section 7, that Indemnitee
is not entitled to indemnification hereunder.

4.                 
Indemnification for Additional Expenses.  Without limiting the generality or effect of the foregoing, the
Company shall indemnify and hold harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or
advance to Indemnitee, within five business days of such request accompanied by supporting documentation for specific Expenses
to be reimbursed or advanced, any and all actual and reasonable Expenses paid or incurred by Indemnitee in connection with any
Claim made, instituted or conducted by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the
Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter
in effect relating to Indemnifiable Claims, and/or (b) recovery under any directors’ and officers’ liability insurance
policies maintained by the Company; provided, however, if it is ultimately determined that the Indemnitee is not entitled
to such indemnification, reimbursement, advance or insurance recovery, as the case may be, then the Indemnitee shall be obligated
to repay any such Expenses to the Company; provided further, that, regardless in each case of whether Indemnitee ultimately
is determined to be entitled to such indemnification, reimbursement, advance or insurance recovery, as the case may be, Indemnitee
shall return, without interest, any such advance of Expenses (or portion thereof) which remains unspent at the final disposition
of the Claim to which the advance related.

5.                 
Partial Indemnity. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of any Indemnifiable Loss but not for all of the total amount thereof, the Company shall nevertheless indemnify
Indemnitee for the portion thereof to which Indemnitee is entitled.

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6.                 
Procedure for Notification. To obtain indemnification under this Agreement in respect of an Indemnifiable Claim or
Indemnifiable Loss, Indemnitee shall submit to the Company a written request therefore, including a brief description (based upon
information then available to Indemnitee) of such Indemnifiable Claim or Indemnifiable Loss. If, at the time of the receipt of
such request, the Company has directors’ and officers’ liability insurance in effect under which coverage for such
Indemnifiable Claim or Indemnifiable Loss is potentially available, the Company shall give prompt written notice of such Indemnifiable
Claim or Indemnifiable Loss to the applicable insurers in accordance with the procedures set forth in the applicable policies.
The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee,
all Indemnifiable Claims and Indemnifiable Losses in accordance with the terms of such policies. The Company shall provide to Indemnitee
a copy of such notice delivered to the applicable insurers, substantially concurrently with the delivery thereof by the Company.
The failure by Indemnitee to timely notify the Company of any Indemnifiable Claim or Indemnifiable Loss shall not relieve the Company
from any liability hereunder unless, and only to the extent that, the Company did not otherwise learn of such Indemnifiable Claim
or Indemnifiable Loss and to the extent that such failure results in forfeiture by the Company of substantial defenses, rights
or insurance coverage.

7.                 
 Determination of Right to Indemnification.

To the extent that
Indemnitee shall have been successful on the merits or otherwise in defense of any Indemnifiable Claim or any portion thereof or
in defense of any issue or matter therein, including, without limitation, dismissal without prejudice, Indemnitee shall be indemnified
against all Indemnifiable Losses relating to, arising out of or resulting from such Indemnifiable Claim in accordance with Section
2 and no Standard of Conduct Determination (as defined in Section 7(b)) shall be required.

To the extent that
the provisions of Section 7(a) are inapplicable to an Indemnifiable Claim that shall have been finally disposed of, any determination
of whether Indemnitee has satisfied the applicable Standard of Conduct (a “Standard of Conduct Determination”)
shall be made as follows: (i) if a Change in Control shall not have occurred, or if a Change in Control shall have occurred but
Indemnitee shall have requested that the Standard of Conduct Determination be made pursuant to this clause (i), (A) by a majority
vote of the Disinterested Directors, even if less than a quorum of the Board, (B) if such Disinterested Directors so direct, by
a majority vote of a committee of Disinterested Directors designated by a majority vote of all Disinterested Directors, or (C)
if there are no such Disinterested Directors, or if a majority of the Disinterested Directors so direct, by Independent Counsel
in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee; and (ii) if a Change in Control
shall have occurred and Indemnitee shall not have requested that the Standard of Conduct Determination be made pursuant to clause
(i) above, by Independent Counsel in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee.

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If (i) Indemnitee
shall be entitled to indemnification hereunder against any Indemnifiable Losses pursuant to Section 7(a), (ii) no determination
of whether Indemnitee has satisfied any applicable standard of conduct under Delaware law is a legally required condition precedent
to indemnification of Indemnitee hereunder against any Indemnifiable Losses, or (iii) Indemnitee has been determined or deemed
pursuant to Section 7(b) to have satisfied the applicable Standard of Conduct, then the Company shall pay to Indemnitee, within
five business days after the later of (x) the Notification Date in respect of the Indemnifiable Claim or portion thereof to which
such Indemnifiable Losses are related, out of which such Indemnifiable Losses arose or from which such Indemnifiable Losses resulted,
and (y) the earliest date on which the applicable criterion specified in clause (i), (ii) or (iii) above shall have been satisfied,
an amount equal to the amount of such Indemnifiable Losses. Nothing herein is intended to mean or imply that the Company is intending
to use Section 145(f) of the Delaware General Corporation Law to dispense with a requirement that Indemnitee meet the applicable
Standard of Conduct where it is otherwise required by such statute.

If a Standard of Conduct
Determination is required to be, but has not been, made by Independent Counsel pursuant to Section 7(b)(i), the Independent Counsel
shall be selected by the Board or a committee of the Board, and the Company shall give written notice to Indemnitee advising him
or her of the identity of the Independent Counsel so selected. If a Standard of Conduct Determination is required to be, or to
have been, made by Independent Counsel pursuant to Section 7(b)(ii), the Independent Counsel shall be selected by Indemnitee, and
Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either
case, Indemnitee or the Company, as applicable, may, within five business days after receiving written notice of selection from
the other, deliver to the other a written objection to such selection; provided, however, that such objection may be asserted
only on the ground that the Independent Counsel so selected does not satisfy the criteria set forth in the definition of “Independent
Counsel” in Section 1(h), and the objection shall set forth with particularity the factual basis of such assertion. Absent
a proper and timely objection, the Person so selected shall act as Independent Counsel. If such written objection is properly and
timely made and substantiated, (i) the Independent Counsel so selected may not serve as Independent Counsel unless and until such
objection is withdrawn or a court has determined that such objection is without merit and (ii) the non-objecting party may, at
its option, select an alternative Independent Counsel and give written notice to the other party advising such other party of the
identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences
and clause (i) of this sentence shall apply to such subsequent selection and notice. If applicable, the provisions of clause (ii)
of the immediately preceding sentence shall apply to successive alternative selections. If no Independent Counsel that is permitted
under the foregoing provisions of this Section 7(d) to make the Standard of Conduct Determination shall have been selected within
30 calendar days after the Company gives its initial notice pursuant to the first sentence of this Section 7(d) or Indemnitee gives
its initial notice pursuant to the second sentence of this Section 7(d), as the case may be, either the Company or Indemnitee may
petition the Court of Chancery of the State of Delaware for resolution of any objection which shall have been made by the Company
or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person
or firm selected by the Court or by such other person as the Court shall designate, and the person or firm with respect to whom
all objections are so resolved or the person or firm so appointed will act as Independent Counsel. In all events, the Company shall
pay all of the actual and reasonable fees and expenses of the Independent Counsel incurred in connection with the Independent Counsel’s
determination pursuant to Section 7(b).

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8.                 
Cooperation. Indemnitee shall cooperate with reasonable requests of the Company in connection with any Indemnifiable
Claim and any individual or firm making such Standard of Conduct Determination, including providing to such Person documentation
or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and
reasonably necessary to defend the Indemnifiable Claim or make any Standard of Conduct Determination without incurring any unreimbursed
cost in connection therewith. The Company shall indemnify and hold harmless Indemnitee against and, if requested by Indemnitee,
shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request accompanied by supporting documentation
for specific costs and expenses to be reimbursed or advanced, any and all costs and expenses (including attorneys’ and experts’
fees and expenses) actually and reasonably incurred by Indemnitee in so cooperating with the Person defending the Indemnifiable
Claim or making such Standard of Conduct Determination.

9.                 
Presumption of Entitlement. Notwithstanding any other provision hereof, in making any Standard of Conduct Determination,
the Person making such determination shall presume that Indemnitee has satisfied the applicable Standard of Conduct.

10.             
No Other Presumption. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement
(whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a
presumption that Indemnitee did not meet any applicable Standard of Conduct or that indemnification hereunder is otherwise not
permitted.

11.             
Non-Exclusivity. The rights of Indemnitee hereunder will be in addition to any other rights Indemnitee may have under
the Constituent Documents, or the substantive laws of the Company’s jurisdiction of incorporation, any other contract or
otherwise (collectively, “Other Indemnity Provisions”); provided, however, that (a) to the extent
that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will
without further action be deemed to have such greater right hereunder, and (b) to the extent that any change is made to any Other
Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the date hereof,
Indemnitee will be deemed to have such greater right hereunder. The Company may not, without the consent of Indemnitee, adopt any
amendment to any of the Constituent Documents the effect of which would be to deny, diminish or encumber Indemnitee’s right
to indemnification under this Agreement.

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12.             
 Liability Insurance and Funding. For the duration of Indemnitee’s service as a director and/or officer of
the Company and for a reasonable period of time thereafter, which such period shall be determined by the Company in its sole discretion,
the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative
to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing
coverage for directors and/or officers of the Company, and, if applicable, that is substantially comparable in scope and amount
to that provided by the Company’s current policies of directors’ and officers’ liability insurance. Upon reasonable
request, the Company shall provide Indemnitee or his or her counsel with a copy of all directors’ and officers’ liability
insurance applications, binders, policies, declarations, endorsements and other related materials. In all policies of directors’
and officers’ liability insurance obtained by the Company, Indemnitee shall be named as an insured in such a manner as to
provide Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the Company’s directors
and officers most favorably insured by such policy. Notwithstanding the foregoing, (i) the Company may, but shall not be required
to, create a trust fund, grant a security interest or use other means, including, without limitation, a letter of credit, to ensure
the payment of such amounts as may be necessary to satisfy its obligations to indemnify and advance expenses pursuant to this Agreement
and (ii) in renewing or seeking to renew any insurance hereunder, the Company will not be required to expend more than 2.0 times
the premium amount of the immediately preceding policy period (equitably adjusted if necessary to reflect differences in policy
periods).

13.             
Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such
payment to all of the related rights of recovery of Indemnitee against other Persons (other than Indemnitee’s successors),
including any entity or enterprise referred to in clause (i) of the definition of “Indemnifiable Claim” in Section
1(f). Indemnitee shall execute all papers reasonably required to evidence such rights (all of Indemnitee’s reasonable Expenses,
including attorneys’ fees and charges, related thereto to be reimbursed by or, at the option of Indemnitee, advanced by the
Company).

14.             
No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to Indemnitee
in respect of any Indemnifiable Losses to the extent Indemnitee has otherwise already actually received payment (net of Expenses
incurred in connection therewith) under any insurance policy, the Constituent Documents and Other Indemnity Provisions or otherwise
(including from any entity or enterprise referred to in clause (i) of the definition of “Indemnifiable Claim” in Section
1(f)) in respect of such Indemnifiable Losses otherwise indemnifiable hereunder.

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15.             
 Defense of Claims. Subject to the provisions of applicable policies of directors’ and officers’ liability
insurance, if any, the Company shall be entitled to participate in the defense of any Indemnifiable Claim or to assume or lead
the defense thereof with counsel reasonably satisfactory to the Indemnitee; provided that if Indemnitee determines, after
consultation with counsel selected by Indemnitee, that (a) the use of counsel chosen by the Company to represent Indemnitee would
present such counsel with an actual or potential conflict, (b) the named parties in any such Indemnifiable Claim (including any
impleaded parties) include both the Company and Indemnitee and Indemnitee shall conclude that there may be one or more legal defenses
available to him or her that are different from or in addition to those available to the Company, (c) any such representation by
such counsel would be precluded under the applicable standards of professional conduct then prevailing, or (d) Indemnitee has interests
in the claim or underlying subject matter that are different from or in addition to those of other Persons against whom the Claim
has been made or might reasonably be expected to be made, then Indemnitee shall be entitled to retain separate counsel (but not
more than one law firm plus, if applicable, local counsel in respect of any particular Indemnifiable Claim for all indemnitees
in Indemnitee’s circumstances) at the Company’s expense. The Company shall not be liable to Indemnitee under this Agreement
for any amounts paid in settlement of any threatened or pending Indemnifiable Claim effected without the Company’s prior
written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any threatened
or pending Indemnifiable Claim which the Indemnitee is or could have been a party unless such settlement solely involves the payment
of money and includes a complete and unconditional release of the Indemnitee from all liability on any claims that are the subject
matter of such Indemnifiable Claim. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed
settlement; provided that Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional
release of Indemnitee.

16.             
Mutual Acknowledgment. Both the Company and the Indemnitee acknowledge that in certain instances, Federal
law or applicable public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise.
Indemnitee understands and acknowledges that the Company may be required in the future to undertake to the Securities and Exchange
Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s
right under public policy to indemnify Indemnitee and, in that event, the Indemnitee’s rights and the Company’s obligations
hereunder shall be subject to that determination.

17.             
Successors and Binding Agreement.

This Agreement shall
be binding upon and inure to the benefit of the Company and any successor to the Company, including, without limitation, any Person
acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger,
consolidation, reorganization or otherwise (and such successor will thereafter be deemed the “Company” for purposes
of this Agreement), but shall not otherwise be assignable or delegatable by the Company.

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This Agreement shall
inure to the benefit of and be enforceable by the Indemnitee’s personal or legal representatives, executors, administrators,
heirs, distributees, legatees and other successors.

This Agreement is
personal in nature and neither of the parties hereto shall, without the consent of the other, assign or delegate this Agreement
or any rights or obligations hereunder except as expressly provided in Sections 17(a) and 17(b). Without limiting the generality
or effect of the foregoing, Indemnitee’s right to receive payments hereunder shall not be assignable, whether by pledge,
creation of a security interest or otherwise, other than by a transfer by the Indemnitee’s will or by the laws of descent
and distribution, and, in the event of any attempted assignment or transfer contrary to this Section 17(c), the Company shall have
no liability to pay any amount so attempted to be assigned or transferred.

18.             
Notices. For all purposes of this Agreement, all communications, including without limitation notices, consents,
requests or approvals, required or permitted to be given hereunder must be in writing and shall be deemed to have been duly given
when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or one business
day after having been sent for next-day delivery by a nationally recognized overnight courier service, addressed to the Company
(to the attention of the Secretary of the Company) and to Indemnitee at the applicable address shown on the signature page hereto,
or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices
of changes of address will be effective only upon receipt.

19.             
Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed
by and construed in accordance with the substantive laws of the State of Delaware, without giving effect to the principles of conflict
of laws of such State. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the Chancery Court of
the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement,
waive all procedural objections to suit in that jurisdiction, including, without limitation, objections as to venue or inconvenience,
agree that service in any such action may be made by notice given in accordance with Section 18 and also agree that any action
instituted under this Agreement shall be brought only in the Chancery Court of the State of Delaware.

20.             
 Validity. If any provision of this Agreement or the application of any provision hereof to any Person or circumstance
is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any
other Person or circumstance shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal
shall be reformed to the extent, and only to the extent, necessary to make it enforceable, valid or legal. In the event that any
court or other adjudicative body shall decline to reform any provision of this Agreement held to be invalid, unenforceable or otherwise
illegal as contemplated by the immediately preceding sentence, the parties thereto shall take all such action as may be necessary
or appropriate to replace the provision so held to be invalid, unenforceable or otherwise illegal with one or more alternative
provisions that effectuate the purpose and intent of the original provisions of this Agreement as fully as possible without being
invalid, unenforceable or otherwise illegal.

    	11

    	 

    

 

21.             
Miscellaneous. No provision of this Agreement may be waived, modified or discharged unless such waiver, modification
or discharge is agreed to in writing signed by Indemnitee and the Company. No waiver by either party hereto at any time of any
breach by the other party hereto or compliance with any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.
No agreements or representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made
by either party that are not set forth expressly in this Agreement.

22.             
Certain Interpretive Matters. Unless the context of this Agreement otherwise requires, (1) “it” or “its”
or words of any gender include each other gender, (2) words using the singular or plural number also include the plural or singular
number, respectively, (3) the terms “hereof,” “herein,” “hereby” and derivative or similar
words refer to this entire Agreement, (4) the terms “Article,” “Section,” “Annex” or “Exhibit”
refer to the specified Article, Section, Annex or Exhibit of or to this Agreement, (5) the terms “include,” “includes”
and “including” will be deemed to be followed by the words “without limitation” (whether or not so expressed),
and (6) the word “or” is disjunctive but not exclusive. Whenever this Agreement refers to a number of days, such number
will refer to calendar days unless business days are specified and whenever action must be taken (including the giving of notice
or the delivery of documents) under this Agreement during a certain period of time or by a particular date that ends or occurs
on a non-business day, then such period or date will be extended until the immediately following business day. As used herein,
“business day” means any day other than Saturday, Sunday or a United States federal holiday.

23.             
Entire Agreement. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings,
both written and oral, between the parties hereto with respect to the subject matter of this Agreement. Any prior agreements or
understandings between the parties hereto with respect to indemnification are hereby terminated and of no further force or effect.
This Agreement is not the exclusive means of securing indemnification rights of Indemnitee and is in addition to any rights Indemnitee
may have under any Constituent Documents.

24.             
 Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an
original but all of which together shall constitute one and the same agreement.

[REMAINDER OF PAGE
INTENTIONALLY BLANK]

    	12

    	 

    

 

IN WITNESS WHEREOF,
Indemnitee has executed and the Company has caused its duly authorized representative to execute this Agreement as of the date
first above written.

WPCS INTERNATIONAL INCORPORATED

 

 

By:______________________________________

Name: Sebastian Giordano

Title: Chief Executive Officer

 

 

INDEMNITEE: ILYA SUBKHAKULOV

 

 

__________________________________________

Name: Divya Thakur

 

Address: __________________________________

 

__________________________________________

 

__________________________________________EXHIBIT 4.2

SUBSCRIPTION AND INFORMATION AGENT
AGREEMENT

This
Subscription and Information Agent Agreement (the “Agreement”) is entered into as of this 17th day of
December, 2013, by and between, Pro-Dex, Inc., a Colorado corporation having its principal offices in Irvine, California (the “Corporation”),
and Broadridge Corporate Issuer Solutions, Inc., a corporation having its principal offices in Philadelphia, Pennsylvania (“Broadridge”).

WHEREAS,
pursuant to a public rights
offering (the “Rights Offering”),
the record
and beneficial holders of the Corporation’s
common stock, no par value per share (the “Common Stock”)
will be given the right (the “Subscription Rights”) to subscribe for
an aggregate of approximately 1,750,000 shares
of Common Stock, in each case as more fully set forth in a prospectus and related offering documents (the “Offering
Documents”) to be prepared by the Corporation and filed with the Securities and Exchange
Commission for the purpose of effecting the Rights Offering; and

WHEREAS,
the Corporation has authorized and directed the Agent to hold fundssubmitted
by shareholders who exercise Subscription Rights (the “Subscription Funds”)
in accordance with the terms and provisions
of this Agreement; and

WHEREAS,
upon the terms and conditions set forth in the applicable
Offering Documents,
the Agent will record properly
exercised Subscription Rights from holders of the Common Stock on the Record Date (as defined in the applicable Offering Documents),
as well as record and deposit the Subscription Funds
for the purchase of the shares
of Common Stock pursuant to the Rights Offering;
and 

WHEREAS,
the Corporation desires that Broadridge act as both
Subscription Agent and Information Agent under
the Rights Offering
(the “Agent”), and Broadridge has indicated its willingness to do so.

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows:

                      
1. Appointment of Subscription and Information Agent.
The Corporation hereby confirms the appointment of Broadridge
as Agent, and Broadridge hereby agrees to serve as Agent,
upon the terms and conditions set forth herein.

                      
2. Acceptance and Receipt of Subscription Documents.

                                   
A. After receiving from the Corporation acknowledgement of the commencement
of the Rights Offering,
the Agent shall promptly
mail to each holder of Common Stock as of the Record Date (a) the
appropriate Offering Documents as approved by the Corporation (which shall specify that the
exercise of Subscription
Rights
shall be effected, and risk of loss of Subscription Funds shall pass, only upon receipt by the Agent of
the properly completed Subscription Certificate
(as defined in the Offering Documents) and Subscription Funds required to effect the exercise
of Subscription Rights
under the
Rights Offering) and (b) an envelope addressed to the Agent for use by such
holder in exercising
his or her Subscription Rights
(the “Mailing”).

    	1

    	 

    

 

B.The
Agent, upon receipt of Subscription
Funds and duly, completely and correctly executed Subscription
Certificates and other documents for the exercise of Subscription Rights, shall make note of such
Subscriptions
and Subscription
Funds with respect of the amount of shares
subscribed for. Upon closing of the Rights
Offering and as promptly as feasible upon the Agent’s
receipt of the Corporation’s acceptance and approval of said Subscription Certificates, (i) the Corporation
will authorize the Agent to no longer accept any subscription documents and to prepare the final subscription
list, representing the number of shares of Common Stock for which each shareholder has subscribed, for the issuance of stock certificates
by Broadridge in its capacity as the Corporation’s transfer agent, (the
“Certificates”) and (ii) the Agent will release to the
Corporation the aggregate Subscription Funds minus any fees and expense reimbursements (incurred
or reserved for disbursements) due to the Agent from the Corporation
pursuant to the terms of this Agreement (sections (i) and (ii) directly preceding constituting the “Closing”).
No interest on the Subscription Funds will accrue to either the Corporation or the Corporation’s shareholders.

 

                      
3. Notification and Processing.
The Agent is hereby authorized and directed to, and hereby agrees to, perform certain functions, including but not limited to the
following:

                                   
A. Accept and respond to all telephone requests from shareholders for information relative to the exercise
of Subscription Rights (except that Agent will not answer questions relating to the sufficiency of
the consideration or the tax implications of the Rights
Offering); answer questions regarding the proper method of exercising
Subscription Rights, including the completion of Subscription Certificates and other documents related to the Rights Offering;
maintain a toll-free number to respond to inquiries; provide assistance to holders of Common Stock and monitor
the response to the Rights
Offering; enclose and re-mail the Subscriptions to interested holders of Common
Stock; and provide periodic reports as requested to the Corporation as to the status of the Rights
Offering.

                                    
B. Date stamp each document relating to its duties hereunder when received.

                                    
C. Receive and examine all documents
submitted to it in connection
with the exercise of rights under the Rights Offering for proper execution in accordance with the
terms thereof. If Common
Stock applicable to a subscription is held by more than one record holder,
the applicable Offering Documents must be signed by each
such holder; if a holder or joint holders (registrants) hold more than one position in the Corporation,
as indicated by different accounts on the relevant record holder list, then
separate, properly completed and executed subscriptions
must be submitted for each such position held by that or those joint holders (registrants).

                                   
D. Retain or return to any holders (as applicable) those Offering
Documents evidencing some deficiency in execution and make reasonable attempts to inform such holders
of the need to correct any such deficiency; In any instance where the Agent cannot reconcile such deficiencies,
the Agent shall consult with the Corporation for instructions as to whether the Agent may accept such exercise of Subscription
Rights. In the absence of such instructions by

    	2

    	 

    

Corporation in writing or email within
twenty-four (24) hours after Agent first requests such instructions, Agent is authorized not to accept such exercise of Subscription
Rights and shall notify the exercising shareholder that its exercise is deficient.

                                    
E. Accept Subscription
Certificates and other documents signed by persons acting in a fiduciary or representative capacity
only if such capacity is properly shown on the subscriptions
and proper evidence of their authority so to act has been submitted.

                                     
F. Accept subscriptions
for Common Stock
to be issued other than in the name that appears on the Corporation record shareholder
list submitted for such
subscription, where (i) the
signature thereon is guaranteed by a financial institution that is a participant in the Securities Transfer Agents Medallion Program
(“STAMP”), the New York Stock Exchange, Inc. Medallion Signature Program (“MSP”),
or The Stock Exchanges Medallion Program (“SEMP”), (ii) any
necessary stock transfer taxes are paid and proof of such payment is submitted or funds therefore are provided to the Agent, or
it is established by the holder that no such taxes are due and payable and (iii) the
“Special Issuance Instructions” on
the Subscription Certificate
have been properly completed.

                                   
G. Retain all Subscription Certificates
and other subscription documents and retain such documents pending further instructions from the Corporation.

                                   
H. Return at the Corporation’s request any and all necessary records, information and material concerning and representing
unsubscribed
Common Stock under the
Rights Offering.

                                      
I. Maintain on a continuing basis a list of holders of Common Stock that have not yet subscribed
pursuant to the Rights Offering.

4. Concerning the Subscription and Information Agent.

The
Agent:

	A.		Shall have no duties or obligations other than those set forth herein, including those described
under “Included Services” on Exhibit A, and no duties or obligations shall be inferred or implied, nor shall
Agent be obligated nor expected to perform those services described under “Non-Included Services” on Exhibit A.

	B.		May rely on,
and shall be held harmless by,
the Corporation in acting upon any certificate, statement, instrument, opinion, notice, letter, facsimile transmission, telegram
electronic mail or other document, or any security delivered to it, and reasonably believed by it to be genuine and to have been
made or signed by the proper party or parties..

    	3

    	 

    

	D.		May consult on documents with counsel satisfactory to it (including counsel for the Corporation) and shall be held harmless
by the Corporation in relying on the advice or opinion of such counsel in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with such advice or opinion
of such counsel;.

	E.		Shall be held harmless by the Corporation in respect of any action taken, suffered or omitted by Agent hereunder in good
faith and in accordance with its determination and shall not be obligated to take any legal or other action hereunder which might, in its good faith judgment, subject or expose it to any expense or liability unless it shall have
been furnished with an indemnity satisfactory to it.

	F.		Shall not be liable or responsible for any recital or statement contained in any Offering
Document or any other documents relating thereto; and

	G.		Shall not be liable or responsible for any failure of the Corporation to comply with any of
its obligations relating to the Offering, including without limitation obligations under applicable regulation or law.

 

This
Agreement does not contemplate any service to be provided by Agent in the case where the conditions of the
Rights Offering have not been met in a timely manner. If necessary, service to be provided by Agent
under such circumstances, and remuneration to Agent therefore, will be established in a mutual agreement between Agent and the
Corporation, which will become a part of this Agreement.

No
later than the business day after the Mailing, the Corporation will provide Agent with a list of talking
points dealing with anticipated questions from holders of Common Stock. It is understood
and agreed that Agent will not provide tax advice, will not interpret tax regulations, will not opine regarding the merits of the
Rights Offering, and will not provide any comments related to any legal proceedings related to the
Corporation.

5. Compensation of the Agent by the Corporation.

The
Corporation shall pay fees for the services rendered hereunder, as set forth in the Fee Schedule (attached hereto as Exhibit
A). The Agent shall also be entitled to reimbursement from the Corporation for all reasonable and necessary expenses paid or
incurred by it in connection with the administration by the Agent of its duties hereunder. One half of
the total Agent fees (not including postage) must be paid upon execution of this Agreement. The remaining half must be paid within
fifteen (15) business days thereafter. An invoice for any out-of-pocket and/or per item fees incurred will
be rendered to and payable by the Corporation within fifteen (15) days of the date of said invoice, except for invoiced estimated
postage, printing and mailing expenses, which funds must be received five (5) business days prior to the scheduled Mailing date.
It is understood and agreed that all responsibilities and duties of, and services to be performed by, Agent shall cease if full
payment for its services has not been received in accordance with the above schedule, and said services will not commence thereafter
until all payment due has been received by Agent.

    	4

    	 

    

                      
6. Reminder Mailings. The Corporation agrees that
any follow up mailing program will be coordinated exclusively through Agent, either by Agent or using a vendor that Agent has previously
approved. Agent may conduct follow up mailings through electronic mail, to the extent the email address of the intended recipient
Shareholder has been provided by Corporation to Agent.

                      
7. Performance.

The
Agent shall at all times act in good faith and agrees to use its commercially reasonable efforts within reasonable time limits
to insure the accuracy and timeliness of all services performed under this Agreement.

                      
8. Indemnification, Limitation of Liability.

                                   
A. The Corporation covenants and agrees
to indemnify and to hold the Agent harmless against any claims, actions, judgments, liabilities, costs, expenses (including reasonable
fees of its legal counsel), losses or damages, which may be paid, incurred or suffered by or to which it may become subject, arising
from or out of its duties under this Agreement. Promptly after the receipt by the Agent of notice of any demand or claim, or the
commencement of any action, suit, proceeding or investigation, the Agent shall notify the Corporation thereof
in writing. The Corporation shall be entitled to participate at its own expense in the defense of any such claim or proceeding,
and, if it so elects at any time after receipt of such notice, it may assume the defense of any suit brought to enforce any such
claim or of any other legal action or proceeding. Agent will not, without the Corporation’s prior
consent, settle or compromise or consent to the entry of any judgment to any pending or threatened Action in respect of which indemnification
may be sought hereunder. For the purposes of this Section 8,
the phrase “any costs, expenses (including reasonable fees of its legal counsel), losses or damages” means any amount
paid or payable to satisfy any claim, demand, action, suit or proceeding settled, and all reasonable costs and expenses, including,
but not limited to, reasonable counsel fees and disbursements, paid or incurred in investigating or defending against any such
action, suit, proceeding or investigation.

                                    
B. Except in the case of Agent’s gross negligence, willful misconduct or fraud, Agent’s
aggregate liability during any term of this Agreement with respect to, arising from, or arising in connection with this Agreement,
or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is
limited to, and shall not exceed, the amounts paid or payable hereunder by the Corporation to Agent as fees and charges, but not
including reimbursable expenses.

                                    
C. In the event any question or dispute arises with respect to the proper interpretation of this
Agreement or Agent’s duties hereunder or the rights of the Corporation or of any Shareholders exercising Subscription Rights,
Agent shall not be required to act and shall not be held liable or responsible for refusing to act until the question or dispute
has been judicially settled (and Agent may, if it deems it advisable, but shall not be obligated to, file a suit in interpleader
or for a declaratory judgment for such purpose) by final judgment rendered by a court of competent jurisdiction, binding on all
shareholders and parties interested in the matter which is no longer subject to review or appeal, or settled by a written document
in form and

    	5

    	 

    

substance satisfactory to Agent and
executed by the Corporation and each such shareholder and party. In addition, Agent may require for such purpose, but shall not
be obligated to require, the execution of such written settlement by all the shareholders and all other parties that may have an
interest in the settlement.

                      
9. Further Assurance. From
time-to-time and after the date hereof, the Corporation shall deliver or cause to be delivered to the Agent such further documents
and instruments and shall do and cause to be done such further acts as the Agent shall reasonably request (it being understood
that the Agent shall have no obligation to make any such request) to carry out more effectively the provisions and purposes of
this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder.

                  
10. Term. The Corporation
may terminate this Agreement at any time by providing 60 days written notification to the Agent, except that the Corporation
may promptly terminate this Agreement if Agent is unable to perform any of its material obligations under this Agreement for five
consecutive business days due to event or circumstances described in Section 17 below. The Agent may terminate this Agreement
by providing the Corporation 60 days’ written notice, except that Agent may terminate this agreement
at any time Corporation has not paid in full an invoice from the Agent within the time period described in section five (5) herein.
Upon the effective date of termination of this Agreement, all cash and other payments, without interest, and all other property
then held by the Agent on behalf of the holders of Common Stock hereunder shall be delivered by it to such
successor agent or as otherwise shall be designated in writing by the parties hereto. Upon termination of this Agreement, all subscription
documents received and related documentation will be returned to the Corporation.

                  
11. Notices. Until further
notice in writing by either party hereto to the other party, all written reports, notices and other communications between the
Agent and the Corporation required or permitted hereunder shall be delivered or mailed by first class mail, postage prepaid, addressed
as follows:

	If to the Corporation, to:	 
	 	
        Pro-Dex, Inc.

        2361 McGaw Avenue

        Irvine, CA 92614

        Attn: Chief Executive Officer

         

	with a copy to (which shall
not constitute notice to
the Corporation):	
        Rutan & Tucker, LLP

        611 Anton Blvd., Suite 1400

        Costa Mesa, CA 92626

        Attn: Garett Sleichter

         

	If to the Agent, to:	
        Broadridge Corporate Issuer Solutions, Inc.

        1717 Arch Street, Suite 1300

        Philadelphia, PA 19103

        Attn: Re-Organization Department

 

    	6

    	 

    

                  
12. Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania and shall inure to
the benefit of, and the obligations created hereby shall be binding upon, the successors and assigns of the parties hereto.

                  
13. Assignment.

                                   
A. Except as provided in Section 13(B) below, neither this Agreement nor any rights or obligations hereunder may be
assigned by either party without the written consent of the other party.

                                    
B. The Agent may, without further consent on the part of the Corporation, subcontract with subcontractors for systems, processing,
telephone and mailing services, and reminder mailing activities, as may be required from time to time; provided, however, that
the Agent shall be fully responsible to the Corporation for the acts and omissions of any subcontractor.

                                    
C.  Except as explicitly stated elsewhere in this Agreement, nothing under this Agreement shall be construed to give any
rights or benefits in this Agreement to anyone other than the Agent and the Corporation and the duties and responsibilities undertaken
pursuant to this Agreement shall be for the sole and exclusive benefit of the Agent and the Corporation. This Agreement shall inure
to the benefit of and be binding upon the parties and their respective permitted successors and assigns.

                  
14. Amendment. This Agreement
may not be modified, amended or supplemented without an express written agreement executed by each of the parties hereto.

                  
15. Counterparts. This
Agreement may be executed in separate counterparts, each of which, when executed and delivered, shall be an original, but all such
counterparts shall together constitute but one and the same instrument.

                  
16. No Joint Venture. This
Agreement does not constitute an agreement for a partnership or joint venture between the Agent and the Corporation. Neither party
shall make any commitments with third parties that are binding on the other party without the other party’s prior written
consent.

                  
17. Force Majeure. In the
event either party is unable to perform its obligations under the terms of this Agreement because of acts of God, strikes, equipment
or transmission failure or damage that is reasonably beyond its control, or other cause that is reasonably beyond its control (except,
in the case of the Agent, for acts of subcontractors), such party shall not be liable for damages to the other for any damages
resulting from such failure to perform or otherwise from such causes. Subject to prior termination of this Agreement, performance
under this Agreement shall resume when the affected party or parties are able to perform substantially that party’s duties.

                  
18. Consequential Damages. Neither
party to this Agreement shall be liable for any consequential, indirect, special or incidental damages under any provision of this
Agreement or for any consequential, indirect, penal, special or incidental damages arising out of any act or failure to act hereunder even if that
party has been advised of or has foreseen the possibility of such damages.

 

    	7

    	 

    

 

                  
19. Severability. If any
provision of this Agreement shall be held invalid, unlawful, or unenforceable, the validity, legality, and enforceability of the
remaining provisions shall not in any way be affected or impaired.

                  
20. Confidentiality.
The Agent and the Corporation agree that all books, records, information and data pertaining to the business of the other party
which are exchanged or received pursuant to the negotiation or the carrying out of this Agreement, including the fees for services
set forth in the attached schedule, shall remain confidential and shall not be voluntarily disclosed to any third party (except
the party’s attorneys, advisors and affiliates), except with the written approval of the other party or as may be required
by law or regulatory authority, including, without limitation, any obligation of the Corporation to file a copy of this Agreement
via the Securities and Exchange Commissions’ EDGAR filing service. 

                  
21. Survival. The provisions
of Sections 4, 5, 8, 11, 12, 13, 18,
20, 21 and 22 shall survive any termination of this Agreement.

                  
22. Merger of Agreement. This
Agreement constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject
matter hereof whether oral or written.

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers, hereunto duly authorized,
as of the day and year first above written.

	BROADRIDGE CORPORATE ISSUER
SOLUTIONS, INC.	PRO-DEX, INC.
	By:
        /s/ John Dunn           	By:
       /s/ Harold A. Hurwitz        
	Title:  Vice President	Title: CEO

 

    	8

    	 

    

	
         

 

Exhibit A

 

AGENT FEES AND INCLUDED SERVICES

 

Subscription and Information Agent Fee
of $7,500.00, plus $10.00 for each line item on Depository Trust Company's ATOP forms submitted
to Agent. 

Plus reasonable out of pocket expenses, including but not limited
to, checks, stop check charges, printing costs, postage (at 1.1 times rate), wire transfers, excess material disposal, overtime
charges at 100% assessed in the event of late delivery of material for Mailing.

 

INCLUDED SERVICES

		·	Designating a corporate action account manager to communicate with all parties hereto and their counsel to establish the terms,
timing and procedures required to carry out Subscription Agent duties, including document review and execution of legal agreements,
Subscription Certificates and other Rights
Offering documents and communication materials, project management, and on-going project updates and reporting.

		·	Designating an Information Agent account manager to review and become familiar with all Offer
Documents and provide expert assistance to holders of Common Stock related to matters concerning
the Rights Offering.

		·	Preparing labels that include name, address for the mailing of
Offering Documents.

		·	Collating and assembling Offering Documents
and envelopes for mailing.

		·	Addressing and enclosing Offering Documents
and return envelopes, for one-time, one-day mailing to holders of Common Stock.

		·	Receiving, opening and logging in returned Subscription
Certificates.

		·	Checking Subscription Certificates
for validity against master list.

		·	Checking for proper execution of all of
Subscription Certificates and other documents necessary to effect a proper exercise of Subscription Rights, including W-9’s
(if applicable).

		·	Curing defective subscriptions,
including telephoning and writing holders of Common Stock in connection with unsigned or improperly executed
Subscription Certificates and other Offering
Documents.

		·	Soliciting by mail W-9’s from holders of Common Stock who have not executed
them or whose TIN’s do not match our records.

    	9

    	 

    

		·	Tracking and reporting as required the number of shares
of Common Stock to which shareholders have subscribed.

		·	Sealing, addressing, posting (not including postage), and providing envelopes for mailing to holders of Common
Stock.

		·	Providing shareholder relations services to all holders
of Common Stock related to the Rights
Offering, including phone, email, and regular mail inquiries.

NON-INCLUDED SERVICES

		·	Services associated with new duties, legislation or regulations which become effective after the date of this Agreement (these
will be provided on an appraisal basis)

		·	Reasonable legal review fees if referred to outside counsel

		·	Overtime charges at 100% assessed in the event of late delivery of material for mailings, unless the target mail date is rescheduled

		·	Dedicated Toll Free 800 Number

 

10

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