<SEC-DOCUMENT>0001534424-15-000321.txt : 20151022
<SEC-HEADER>0001534424-15-000321.hdr.sgml : 20151022
<ACCEPTANCE-DATETIME>20151022160030
ACCESSION NUMBER:		0001534424-15-000321
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20151203
FILED AS OF DATE:		20151022
DATE AS OF CHANGE:		20151022
EFFECTIVENESS DATE:		20151022

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				841261240
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14942
		FILM NUMBER:		151170278

	BUSINESS ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-769-3200

	MAIL ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>f15-0686.htm
<DESCRIPTION>DEF 14A FILING
<TEXT>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><img src="prodex_colorlogo.jpg" alt="(PRO-DEX LOGO)"></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt; text-align: justify">To Our Shareholders:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Fiscal 2015 was an exciting and challenging
year for Pro-Dex, featuring a return to profitability in the quarter ended June 30th. We are a small company in the middle of a
turnaround, facilitated by an active management team and board, working on multiple ways to ensure growth and profitability.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">The accomplishments of this busy year include:</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Seamlessly changing the CEO, CFO and Director of Engineering</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Closing and integrating two acquisitions</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Launching our Engineering Services Division</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Launching two major products for Fortune 500 customers and continuing work on a third</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Initiated advanced development work on a new additional project</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Invested in a distressed bank loan and investigated the viability of investing in the business operating in the real estate
securing the loan</TD></TR></TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Strengthened our technical infrastructure to support the new projects and growth</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Calibri, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">We have made good progress on the Pro-Dex
turnaround and we expect to continue that trend in fiscal 2016. We will continue to focus on growing our core medical device business.
After two years of product development, we launched manufacturing and delivered a new product to market in June. Our large contract
manufacturing project is now also in production and our customer has had a successful product launch. We are excited that purchase
orders already in-house for this product will make this valuable customer our largest in terms of annual revenue; this strategic
diversification is a big win. Additionally, we have another new product coming online by the end of this calendar year and a third
is expected by the end of the June quarter. These launches are one of the reasons our backlog stood at $10.8M going into this fiscal
year. Building on momentum, our medical device sales pipeline has a number of opportunities for meaningful development and production
projects. We continue to work very hard to please our customers.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Because the sales and development cycle
for medical devices is long, and we have capital to invest, we will also continue to look for additional ways to build the company.
We will remain highly focused on growing our medical device core business, while seeking to supplement that growth with smart acquisitions
and investments.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The management team and board are continuing
to drive a fast, lean culture of collaboration. We are confident that fiscal year 2016 will see continued success in the Pro-Dex
turnaround story.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">I appreciate any comments or questions
that you might have. You can reach the Board or myself at (800) 562-6204 or (949) 769-3200 or email us at <U>investor.relations@pro-dex.com</U>.</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">Sincerely,</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">Rick Van Kirk</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">President &amp; Chief Executive Officer</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="margin: 0"></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section&nbsp;14(a)
of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by the Registrant&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">x</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Filed by a Party other than the Registrant&nbsp;&nbsp; <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font-size: 10pt; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
    <td style="width: 96%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 10pt">Preliminary Proxy Statement</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&#168;</font><font style="font-size: 10pt"> </font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt"><b>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</b></font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">x</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">Definitive Proxy Statement</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">Definitive Additional Materials</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12</font></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRO-DEX, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Registrant as Specified In Its
Charter)</B></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person(s) Filing Proxy Statement
if other than the Registrant)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">x</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">No fee required</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">1.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Title of each class of securities to which transaction applies:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">2.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Aggregate number of securities to which transaction applies:</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">3.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">4.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Proposed maximum aggregate value of transaction:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">5.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Total fee paid:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">Fees paid previously with preliminary materials.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 96%"><font style="font-size: 10pt">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">1.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Amount Previously Paid:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">2.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Form, Schedule or Registration Statement No.:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">3.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Filing Party:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">4.</font></td>
    <td style="vertical-align: top; width: 92%"><font style="font-size: 10pt">Date Filed:</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2361 McGaw Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 5pt; text-align: center">Irvine, California 92614</P>

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<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF ANNUAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO BE HELD <FONT STYLE="text-transform: uppercase">December</FONT>
3, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the Shareholders of Pro-Dex, Inc.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Annual Meeting of
Shareholders (&ldquo;Annual Meeting&rdquo;) of Pro-Dex, Inc. (&ldquo;Pro-Dex&rdquo;, the &ldquo;Company&rdquo;, &ldquo;we&rdquo;,
&ldquo;us&rdquo; or &ldquo;our&rdquo;) will be held at our headquarters, 2361 McGaw Avenue, Irvine, California, on December 3,
2015, at 9:30 a.m. Pacific Standard Time, for the following purposes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify; padding-right: 0.8pt">To elect five persons to serve as our directors for a term of one year each.
The nominees for election to our Board of Directors are named in the attached Proxy Statement, which is part of this Notice.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify; padding-right: 0.8pt">To ratify the appointment of Moss Adams, LLP as our independent registered
public accounting firm for the fiscal year ending June&nbsp;30, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify; padding-right: 0.8pt">To hold an advisory vote to approve the compensation of our Named Executive
Officers.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify; padding-right: 0.8pt">To transact such other business as may properly come before the Annual Meeting
or any adjournments or postponements thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Only shareholders of
record at the close of business on October 8, 2015, are entitled to notice of and to vote at the Annual Meeting and at any adjournments
or postponements of the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">All shareholders are
cordially invited to attend the Annual Meeting in person. Whether or not you plan to attend the Annual Meeting, your vote is important.
In an effort to facilitate the voting process, we are pleased to avail ourselves of Securities and Exchange Commission, or SEC,
rules that allow proxy materials to be furnished to shareholders on the Internet. You can vote by proxy over the Internet by following
the instructions provided in the Notice of Internet Availability of Proxy Materials that was mailed to you on or about October&nbsp;23,
2015, or, if you request printed copies of the proxy materials by mail, you can also vote by mail or by telephone. Your promptness
in voting by proxy will assist in its expeditious and orderly processing and will assure that you are represented at the Annual
Meeting. If you vote by proxy, you may nevertheless attend the Annual Meeting and vote your shares in person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>TO ENSURE YOUR REPRESENTATION
AT THE ANNUAL MEETING, YOU ARE URGED TO READ THIS PROXY STATEMENT AND SUBMIT YOUR PROXY OR VOTING INSTRUCTIONS AS SOON AS POSSIBLE
BY FOLLOWING THE INSTRUCTIONS IN THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS, WHICH WAS MAILED TO YOU ON OR ABOUT OCTOBER
23, 2015, OR, IF YOU REQUEST PRINTED COPIES OF THE PROXY MATERIALS BY MAIL, YOU CAN ALSO VOTE BY MAIL OR BY TELEPHONE.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>OUR BOARD OF DIRECTORS
RECOMMENDS: A VOTE &ldquo;FOR&rdquo; EACH OF THE FIVE DIRECTOR NOMINEES NAMED IN THE PROXY STATEMENT; AND A VOTE &ldquo;FOR&rdquo;
EACH OF PROPOSALS 2 AND 3.</B></P>

<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 6pt 311pt; text-indent: -11.5pt">By Order of the Board of Directors,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 6pt 311pt; text-indent: -11.5pt">PRO-DEX, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt; text-indent: -11.5pt">/s/ Alisha K. Charlton</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt; text-indent: -11.5pt">Corporate Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2361 McGaw Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 5pt; text-align: center">Irvine, California 92614</P>

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<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 6pt; text-align: center"><B>ANNUAL MEETING OF SHAREHOLDERS<BR>
TO BE HELD DECEMBER 3, 2015</B></P>

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<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 6pt; text-align: center"><B>PROXY STATEMENT</B></P>

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<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SOLICITATION OF PROXIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">The Board of Directors
(&ldquo;Board&rdquo;) of Pro-Dex, Inc. (&ldquo;Pro-Dex&rdquo;, the &ldquo;Company&rdquo;, &ldquo;we&rdquo;, &ldquo;us&rdquo; or
&ldquo;our&rdquo;) has made these materials available to you on the Internet, or, upon your request, has delivered printed versions
of these materials to you by mail, in connection with the Board&rsquo;s solicitation of proxies for use at our Annual Meeting of
Shareholders (&ldquo;Annual Meeting&rdquo;) to be held at Pro-Dex&rsquo;s headquarters, 2361 McGaw Avenue, Irvine, California,
on Thursday, December&nbsp;3, 2015, at 9:30 a.m. Pacific Standard Time, and at any and all adjournments or postponements thereof.
Shareholders are requested to promptly vote by proxy over the Internet by following the instructions provided in the Notice of
Internet Availability of Proxy Materials, which was mailed to you on or about October&nbsp;23, 2015. If you request printed copies
of the proxy materials by mail, you can also vote by mail or by telephone. All shares represented by each properly submitted and
unrevoked proxy received on the Internet or by telephone prior to 11:59 p.m. Eastern Standard Time on Wednesday, December&nbsp;2,
2015, or by proxy card prior to or at the Annual Meeting, will be voted in the manner specified therein, and if no direction is
indicated (except in the case of broker non-votes), &ldquo;for&rdquo; each of the five director nominees named under Proposal No.
1; and &ldquo;for&rdquo; each of Proposal Nos. 2 and 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">Any shareholder has
the power to revoke his or her proxy at any time before it is voted. A proxy may be revoked by delivering a written notice of revocation
to our Secretary prior to or at the Annual Meeting, by voting again on the Internet or by telephone (only your latest Internet
or telephone proxy submitted prior to 11:59 p.m. Eastern Standard Time on Wednesday, December&nbsp;2, 2015, will be counted), by
submitting prior to or at the Annual Meeting a later dated proxy card executed by the person executing the prior proxy, or by attendance
at the Annual Meeting and voting in person by the person submitting the prior proxy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">Any shareholder who
owns shares in street name and would like to vote in person at the Annual Meeting should inform his or her broker of such plans
and request a legal proxy from the broker. Such shareholders will need to bring the legal proxy with them to the Annual Meeting
and valid picture identification, such as a driver&rsquo;s license or passport, in addition to documentation indicating share ownership.
Such shareholders who do not receive the legal proxy in time should bring with them to the Annual Meeting their most recent brokerage
account statement showing that they owned Pro-Dex stock as of the record date. Upon submission of proper identification and ownership
documentation, we will be able to admit the shareholder to the Annual Meeting; however, such shareholder will not be able to vote
his or her shares at the Annual Meeting without a legal proxy. Shareholders are advised that if they own shares in street name
and request a legal proxy, any previously executed proxy will be revoked, and such shareholder&rsquo;s vote will not be counted
unless he or she appears at the Annual Meeting and votes in person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">Our Board does not
presently intend to bring any business before the Annual Meeting other than the proposals referred to in this proxy statement and
specified in the accompanying Notice of Annual Meeting. So far as is known to our Board, no other matters are to be brought before
the Annual Meeting. However, if any other matters are presented properly for action at the Annual Meeting or at any adjournments
or postponements thereof, it is intended that the proxies will be voted with respect thereto by the proxy holders in accordance
with the instructions and at the discretion of our Board or a properly authorized committee thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>This proxy statement,
the accompanying shareholder letter, the accompanying proxy card and our Annual Report on Form 10-K are being made available to
our shareholders on the Internet at www.proxyvote.com through the notice and access process on or about October&nbsp;23, 2015.</B>
We will bear the cost</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> of soliciting proxies pursuant to this proxy statement. The solicitation will be made through the Internet
and expenses will include reimbursement paid to brokerage firms and others for their expenses in forwarding solicitation material
regarding the Annual Meeting to beneficial owners of our common stock, no par value per share (&ldquo;Common Stock&rdquo;). Further
solicitation of proxies may be made by mail upon request, and by telephone or oral communications with some shareholders. Our regular
employees, who will not receive additional compensation for the solicitation, or a compensated proxy solicitation firm, will make
such further solicitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OUTSTANDING SHARES AND VOTING RIGHTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Only holders of record
of the 4,141,504 shares of our Common Stock outstanding at the close of business on October 8, 2015, are entitled to notice of
and to vote at the Annual Meeting or any adjournment or postponement thereof. Under Colorado law, our Articles of Incorporation
and our Bylaws, the holders of a majority of the total shares entitled to vote at the Annual Meeting, as of the record date, represented
in person or by proxy, will constitute a quorum for the transaction of business at the Annual Meeting. If a quorum is not present,
the Annual Meeting may be postponed or adjourned to allow additional time for obtaining additional proxies or votes. At any subsequent
reconvening of the Annual Meeting, all proxies will be voted in the same manner as the proxies would have been voted at the original
convening of the Annual Meeting, except for any proxies that have been effectively revoked or withdrawn prior to the reconvening
of the Annual Meeting. Shares of our Common Stock represented in person or by proxy (regardless of whether the proxy has authority
to vote on all matters), as well as abstentions and broker non-votes, will be counted for purposes of determining whether a quorum
is present at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 22.5pt">An &ldquo;abstention&rdquo;
is the voluntary act of not voting by a shareholder who is represented in person or by proxy at a meeting and entitled to vote.
&ldquo;Broker non-votes&rdquo; are shares of voting stock held in record name by brokers and nominees concerning which: (i)&nbsp;the
broker or nominee does not have discretionary voting power under applicable rules or the instruments under which it serves in such
capacity and instructions have not been received from the beneficial owners or persons entitled to vote; or (ii)&nbsp;the record
holder has indicated on the proxy or has executed a proxy and otherwise notified us that it does not have authority to vote such
shares on that matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For Proposal No. 1 (the
election of directors), assuming that a quorum is present, the five nominees for director receiving the highest number of affirmative
votes will be elected; votes withheld and broker non-votes have no practical effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For Proposal No. 2 (to
ratify the appointment of Moss Adams, LLP as our independent registered public accounting firm for the fiscal year ending June&nbsp;30,
2016) and Proposal No. 3 (advisory vote to approve the compensation of our Named Executive Officers), assuming that a quorum is
present, the matter will be approved if the votes cast in favor of the matter exceed the votes cast opposing the matter. In such
matters, abstentions and broker non-votes will not be included in the vote totals and, therefore, will have no effect on the vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Each shareholder will
be entitled to one vote, in person or by proxy, for each share of Common Stock held of record on the record date. Votes cast at
the Annual Meeting will be tabulated by the person or persons appointed by us to act as inspectors of election for the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recommendations of our Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board recommends
that our shareholders vote &ldquo;for&rdquo; each of the five director nominees named under Proposal No. 1; and &ldquo;for&rdquo;
each of Proposal Nos. 2 and 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>THE PROPOSALS TO
BE VOTED UPON AT THE ANNUAL MEETING ARE DISCUSSED IN DETAIL IN THIS PROXY STATEMENT. YOU ARE STRONGLY URGED TO READ AND CONSIDER
CAREFULLY THIS PROXY STATEMENT IN ITS ENTIRETY.</B></P>

<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table
sets forth information concerning the beneficial ownership of the Company&rsquo;s Common Stock as of October 8, 2015 by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>each member of the Board;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>each of the Company&rsquo;s Named Executive Officers listed in the &ldquo;Summary Compensation Table&rdquo; included in the
&ldquo;Executive Compensation&rdquo; section of this proxy statement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>all of the Company&rsquo;s
directors and Named Executive Officers as a group; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>each person or entity known to the Company that beneficially owns more than five percent of the Company&rsquo;s Common Stock.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Beneficial ownership
is determined in accordance with the rules of the SEC. Unless otherwise indicated below, the address of each beneficial owner is
c/o Pro-Dex, Inc., 2361 McGaw Avenue, Irvine, California, 92614. Unless otherwise indicated below, the Company believes that each
of the persons listed in the table (subject to applicable community property laws) has the sole power to vote and to dispose of
the shares listed opposite the shareholder&rsquo;s name.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The percentages of
Common Stock beneficially owned are based on 4,141,504 shares of Common Stock outstanding at October 8, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Number of</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Percent of</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Shares&nbsp;of&nbsp;Common</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Common&nbsp;Stock</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Stock Beneficially</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Beneficially</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; font-size: 8pt">Name and Address of Beneficial Owner</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Owned</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 8pt"><b>Owned</b><sup>(1)</sup></font></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.05pt; text-align: justify; text-indent: -5.05pt">Nicholas J. Swenson, AO Partners I, L.P.; and AO Partners, LLC<sup>(2)</sup></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 10pt">3033 Excelsior Blvd. Suite 560</P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 62%; text-align: justify; text-indent: 10pt">Minneapolis, MN 55416&#9;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">1,085,572</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">26.2</TD><TD STYLE="width: 1%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: 0pt">Raymond E. Cabillot; Farnam Street Partners, L.P.;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.05pt; text-align: justify; text-indent: -5.05pt">Farnam Street Capital, Inc.; and Peter O. Haeg<sup>(3)</sup></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 10pt">3033 Excelsior Blvd., Suite 320</P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: 10pt">Minneapolis, MN 55416&#9;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">530,560</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12.8</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0pt"><font style="font-size: 10pt">Richard L. Van Kirk<sup>(4)</sup>&#9;</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">77,866</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.9</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: 0pt"><font style="font-size: 10pt">David C. Hovda<sup>(4)</sup>&#9;</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</font></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0pt">William J. Farrell III&#9;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</font></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: 0pt">Alisha K. Charlton&#9;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">653</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><font style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</font></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0pt; vertical-align: middle"><font style="font-size: 10pt">All Directors, Director Nominees and Named Executive Officers as a group (6&nbsp;persons)<sup>(4)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,710,651</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40.6</TD><TD STYLE="text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________</P>

<P STYLE="font: 4pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">*</TD><TD><FONT STYLE="font-size: 10pt">Indicates less than 1 percent of the outstanding shares of common stock.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><SUP>(1)</SUP></TD><TD STYLE="text-align: justify">Applicable percentage ownership is based on 4,141,504 shares of Common Stock outstanding as of
October 8, 2015. Any securities not outstanding but subject to warrants or options exercisable as of October 8, 2015, or exercisable
within 60 days after such date, are deemed to be outstanding for the purpose of computing the percentage of outstanding Common
Stock beneficially owned by the person holding such warrants or options, but are not deemed to be outstanding for the purpose of
computing the percentage of Common Stock beneficially owned by any other person.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: -0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><SUP>(2)</SUP></TD><TD STYLE="text-align: justify">AO Partners, LLC is the General Partner of AO Partners I, L.P. Mr.&nbsp;Swenson is the Managing
Member of AO Partners, LLC, and, in such capacity, has the power to direct the affairs of AO Partners, LLC, including the voting
and disposition of shares of our Common Stock held by AO Partners I, L.P. As such, AO Partners I, L.P., AO Partners, LLC and Mr.&nbsp;Swenson
may be deemed to share voting and dispositive power with regard to the 1,037,984 shares of our Common Stock held by AO Partners
I, L.P. The remaining 47,588 shares are owned by Nicholas J. Swenson directly.</TD></TR></TABLE>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: -0.3in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD STYLE="text-align: justify; padding-right: 0.8pt">Farnam Street Partners, L.P., Farnam Street Capital, Inc., Raymond E. Cabillot,
and Peter O. Haeg claim shared voting power and shared dispositive power of 530,560 shares of our Common Stock held by Farnam Street
Partners, L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD STYLE="text-align: justify; padding-right: 0.8pt">Includes shares of Common Stock issuable upon the exercise of options that
were exercisable as of October 8, 2015, or exercisable within 60 days after October 8, 2015, as follows: Mr. Van Kirk, 61,668 shares;
Mr. Hovda, 15,000 shares; and all directors, director nominees and Named Executive Officers as a group, 76,668 shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: -0.3in">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proposal No.&nbsp;1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ELECTION OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Current Board Structure and Director Terms</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board is currently
composed of five members. All directors or their successor nominees stand for election each year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Certain information
with respect to each of the nominees who will be presented at the Annual Meeting by our Board for election as a director is set
forth below. Although it is anticipated that each nominee will be available to serve as a director, should a nominee become unavailable
to serve, proxies will be voted for such other person as may be designated by our Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Unless the authority
to vote for directors has been withheld in the proxy, the person named in the accompanying proxy intends to vote at the Annual
Meeting for the election of each of the nominees presented below. In the election of directors, assuming a quorum is present, the
five nominees for director receiving the highest number of votes cast at the Annual Meeting will be elected as our directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Set forth below is certain
information with respect to our directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 22%; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Name</u></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center"><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="vertical-align: bottom; width: 5%; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Age</u></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="vertical-align: bottom; width: 31%; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Position With Company</u></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="vertical-align: bottom; width: 7%; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Audit</u></font></td>
    <td style="vertical-align: bottom; width: 2%; text-align: center"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="vertical-align: bottom; width: 13%; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Compensation</u></font></td>
    <td style="vertical-align: top; width: 2%; text-align: justify"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="vertical-align: bottom; width: 12%; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Nominating and Governance</u></font></td></tr>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD NOWRAP><font style="font-size: 10pt">Raymond E. Cabillot</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="text-align: center; vertical-align: bottom"><font style="font-size: 10pt">52</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">C</font></td></tr>
<TR STYLE="vertical-align: top; background-color: White">
    <TD NOWRAP><font style="font-size: 10pt">William J. Farrell III</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="text-align: center; vertical-align: bottom"><font style="font-size: 10pt">42</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td></tr>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD NOWRAP><font style="font-size: 10pt">David C. Hovda</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="text-align: center; vertical-align: bottom"><font style="font-size: 10pt">53</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td><font style="font-size: 10pt">Director</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">C</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td></tr>
<TR STYLE="vertical-align: top; background-color: White">
    <TD NOWRAP><font style="font-size: 10pt">Richard L. Van Kirk</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="text-align: center; vertical-align: bottom"><font style="font-size: 10pt">55</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td><font style="font-size: 10pt">Director, Chief Executive Officer, and&nbsp;President</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center">&nbsp;</td></tr>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD NOWRAP><font style="font-size: 10pt">Nicholas J. Swenson</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="text-align: center; vertical-align: bottom"><font style="font-size: 10pt">47</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td><font style="font-size: 10pt">Director, Chairman of the Board</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">C</font></td>
    <td style="text-align: center">&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">X</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 3pt; text-align: justify">____________________________</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font-size: 10pt">(X)</font></td>
    <td style="width: 96%; text-align: justify"><font style="font-size: 10pt">Member of the Committee</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 10pt">(C)</font></td>
    <td style="text-align: justify"><font style="font-size: 10pt">Chairman of the Committee</font></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Messrs. Cabillot, Farrell,
Hovda and Swenson currently each qualify as an &ldquo;independent director&rdquo; as such term is defined in Rule 5605(a)(2) of
the Nasdaq Listing Rules and we expect that each will continue to qualify as an &ldquo;independent director&rdquo; if elected.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board is of the
opinion that the election to our Board of the director nominees identified herein, each of whom has consented to serve if elected,
would be in our shareholders&rsquo; best interests.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OUR BOARD RECOMMENDS THAT YOU VOTE &ldquo;FOR&rdquo;
THE ELECTION OF THE<BR>
NOMINEES NAMED BELOW.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Raymond E. Cabillot
(52), current director and nominee, has, from January 1998 until the present, served as Chief Executive Officer and a director
of Farnam Street Capital, Inc., the General Partner of Farnam Street Partners L.P., a private investment partnership located in
Minneapolis, MN.&nbsp;&nbsp;He was a Senior Research Analyst at Piper Jaffray, Inc. from 1990 to 1998.&nbsp;&nbsp;Prior to that,
he worked for Prudential Capital Corporation from 1987 to 1990 as an Associate Investment Manager and as an Investment Manager.&nbsp;&nbsp;Mr.
Cabillot serves as a director of several private companies. He was a director of O.I. Corporation, a Nasdaq listed company (OICO),
from 2006 to 2010. He served as Chairman of the Board of O.I. Corporation from 2007 through 2010 and during 2010 served as Co-Chairman
of the Board of O.I. Corporation.&nbsp;&nbsp;Mr. Cabillot has a B.A. degree with a double major in Economics and Chemistry from
Saint Olaf College and an M.B.A. from the University of Minnesota. Mr. Cabillot has been a director of ours since January 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Mr. Cabillot brings the following experience,
qualifications, attributes and skills to our Board:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>More than 25 years of experience as a financial analyst and investment manager;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Four years of prior public company board experience, including three years as Chairman
and one year as Co-Chairman; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Independent of our management.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">William J. Farrell
III (42), current director and nominee, is co-founder and Chief Operating Officer, since January 2013, of FreshRealm, LLC, a developer
of new technologies to streamline fresh food distribution. In addition, from January 2011 until the present, he has served as Chief
Executive Officer of Viszy Inc., a start-up company developing software and services for the consumer market. Mr. Farrell is also
Chief Executive Officer of B &#333; biam, LLC, a company that turns youth art into apparel and other products, which it merchandises
through its retail store and wholesale channels. From April 1998 to January 2011, Mr. Farrell held various senior management roles
at Medtronic, Inc. (NYSE: MDT), a multi-national medical technology company. His engineering career began with eight years in production
support, process development and operations. He then worked 10 years in product development for Medtronic, during which time he
led management teams in program, product and process development. At the end of his tenure with Medtronic, he was Senior Director
of Product Development and led corporate-wide initiatives to improve design, reliability and manufacturability practices. Mr. Farrell
has a B.S. degree in Mechanical Engineering from the University of Minnesota (1996). Mr. Farrell has been a director of ours since
January 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Mr. Farrell brings
the following experience, qualifications, attributes and skills to our Board:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Current senior-level management, operating and board experience;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 59.05pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>More than 12 years of experience in engineering and management roles in the medical device industry,
our primary target market; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.253in">&#9679;</TD><TD>Independent of our management.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">David C. Hovda (53),
current director and nominee, has served as President, Chief Executive Officer and a member of the Board of Directors of Simplify
Medical, Inc., a privately held medical device company that has developed a cervical artificial disc replacement optimized for
MRI imaging, since 2013. Prior to his tenure with Simplify Medical, he was President, Chief Executive Officer and a member of the
Board of Directors of SpinalMotion, Inc., a privately held medical device company that designed, developed and marketed artificial
discs for use in the spine, from 2004 to 2013. Prior to joining Spinal Motion, he held leadership positions with Arthrocare, Inc.
(Nasdaq: ARTC), a developer and manufacturer of surgical devices, instruments, and implants focused on enhancing surgical techniques
and patient outcomes, serving as the Vice President/General Manager of its Spine Division from 1999 to 2004, and as the Managing
Director of its ENT Division from 1997 to 1999. From 1992 to 1997, Mr. Hovda served in financial analysis and product management
positions with Medtronic, Inc. (NYSE: MDT), a multi-national medical technology company, which culminated in his service as the
European Business Manager of its Upper Airway Venture from 1995 to 1997. He holds more than 40 patents related to radio frequency
ablation technology, specific clinical applications, and artificial disc replacement designs and implantation methods. Mr. Hovda
served for five years with the United States Navy, achieving the rank of Lieutenant. He received a Bachelor of Science degree in
Civil Engineering from Northwestern University and an M.B.A. from the Harvard Graduate School of Business Administration. Mr. Hovda
has been a director of ours since January 2013.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Mr. Hovda brings the
following experience, qualifications, attributes and skills to our Board:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Current senior-level management, operating and board experience based on more than 20
years of participation in the medical device industry, our primary target market, nine years of which are specifically with medical
devices to treat disorders of the spine, a sector within the medical device industry that we believe represents potential for future
revenue growth;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Core management and leadership skills gained through experience overseeing and managing
operations at the manager and chief executive officer levels, including experience in medical device intellectual property, product
development, clinical testing and marketing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Experience in financial analysis, including operational restructuring, acquisition opportunities
and market entry feasibility; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Independent of our management.</TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Richard L. Van Kirk
(55), has served as our Chief Executive Officer and President since January 2015 in addition to his position as Chief Operating
Officer which he has held since April, 2013. Mr. Van Kirk joined the Company as Director of Manufacturing in 2006, and was subsequently
promoted to Vice President of Operations in 2007. Prior to joining the Company, Mr. Van Kirk served as Manufacturing Manager and
Manager of Product Development for the ChargeSource division of Comarco, Inc., a provider of power and charging functionality for
popular electronic devices and wireless accessories, and as General Manager at Dynacast, a leader in precision die casting.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #007DC3">
</FONT>Mr. Van Kirk holds a BA in Business Administration from California State University, Fullerton and an MBA from Claremont
Graduate School. Mr. Van Kirk has been a director of ours since January 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Mr. Van Kirk brings
the following experience, qualifications, attributes and skills to our Board:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Current senior-level management experience as our Chief Executive Officer; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Over 15 years of senior-level management in the areas of manufacturing, operations, supply chain,
distribution and logistics including nearly 10 years of experience in our operations management.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Nicholas J. Swenson
(47), current director and nominee, is an executive, investor and research analyst. He has served as the managing partner of AO
Partners, LLC since January 2012. He has also served as President and Chief Executive Officer of Air T, Inc. (AIRT), a Nasdaq listed
company, since October 2013, as Chairman of the Board since August 2013 and as a member of the Board of Directors since August
2012. Mr. Swenson serves as a director of several private companies as well. Also, since March 2009, Mr. Swenson has been the Portfolio
Manager of Groveland Capital, LLC.&nbsp;&nbsp;Prior to forming Groveland Capital, Mr. Swenson was a Portfolio Manager and Partner
at Whitebox Advisors, LLC, a multi-strategy hedge fund, from 2001 to 2009. From 1999 to 2001 he was a research analyst at Varde
Partners, LLC, a partnership that specializes in distressed debt investing. He was an Associate in Corporate Finance at Piper Jaffray,
Inc. from 1996 to 1999. Mr. Swenson has a B.A. degree in History from Middlebury College (1991) and an M.B.A. from the University
of Chicago (1996). Mr. Swenson has been a director of ours since January 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Mr. Swenson brings
the following experience, qualifications, attributes and skills to our Board:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">18 years of experience as a financial analyst and investment manager;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Public company senior-level management, operating and board experience; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Independent of our management</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BUSINESS EXPERIENCE OF KEY MANAGEMENT</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Set forth below is information
concerning our other non-director key management personnel.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Alisha Charlton (46)
was appointed our Chief Financial Officer in January 2015. She joined the Company in January 2014 as Senior Director of Finance.
Prior to joining the Company, Ms. Charlton held various accounting positions at Comarco, Inc. from October 2000 to January 2014
culminating in her appointment as Chief Accounting Officer in April 2011. Prior to her 13 year tenure at Comarco, Ms. Charlton
held various accounting and finance positions with CKE Restaurants, Inc. from February 1995 to October 2000. Ms. Charlton began
her career in July 1991 with KPMG Peat Marwick (now KPMG LLP) and was formerly a certified public accountant. Ms. Charlton</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">holds
a B.A. in Business Economics from the University of California, Santa Barbara and a CPA license (inactive) from the California
State Board of Accountancy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BOARD MEETINGS AND RELATED MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the fiscal year
ended June&nbsp;30, 2015, our Board held eight meetings and acted twice by unanimous written consent. The independent members met
twice in executive session during the fiscal year ended June 30, 2015. The &ldquo;independent directors&rdquo; consist of all non-employee,
&ldquo;independent directors&rdquo; (as defined in Rule 5605(a)(2) of the Nasdaq Listing Rules). No director attended less than
75% of the aggregate of all meetings of our Board and all meetings of committees of our Board upon which he served.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>Audit Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our
Board has an Audit Committee that consists of three Board members, Messrs. Hovda (Chairman), Cabillot and Swenson. The Audit Committee
is comprised entirely of non-employee, &ldquo;independent directors&rdquo; (as defined in Rule 5605(a)(2) of the Nasdaq Listing
Rules) and operates under a written charter adopted by our Board. The duties of the Audit Committee include meeting with our independent
registered public accounting firm to review the scope of the annual audit and to review our quarterly and annual financial statements
before the statements are released to our shareholders. The Audit Committee also evaluates the independent public accounting firm&rsquo;s
performance and appoints or replaces the independent public accounting firm subject, if applicable, to the consideration of shareholder
ratification for the ensuing fiscal year. A copy of the Audit Committee&rsquo;s current charter may be found at http://www.pro-dex.com/wp-content/uploads/2015/07/Audit-Committee-Charter-Final-06-15.pdf.
The Audit Committee and Board have confirmed that the Audit Committee does and will continue to include at least three independent
directors and has confirmed that Messrs. Hovda, Cabillot and Swenson each meet applicable SEC regulations for designation as an
&ldquo;Audit Committee Financial Expert&rdquo; based upon their respective experience noted elsewhere in this proxy statement.
The Audit Committee held six meetings during the fiscal year ended June&nbsp;30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>Nominating/Corporate
Governance Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our
Board has a Nominating/Corporate Governance Committee (&ldquo;Nominating Committee&rdquo;) that consists of four Board members,
Messrs. Cabillot (Chairman), Farrell, Hovda and Swenson. The Nominating Committee is comprised entirely of non-employee, &ldquo;independent
directors&rdquo; (as defined in Rule 5605(a)(2) of the Nasdaq Listing Rules) and operates under a written charter adopted by our
Board, a copy of which may be found at http://www.pro-dex.com/media/23113/prodex_gov_committee_charter.pdf. In
such capacity, the Nominating Committee identifies and reviews the qualifications of candidate nominees to our Board. During the
fiscal year ended June&nbsp;30, 2015, the full Board carried out the duties typically ascribed to the Nominating Committee. As
such, the Nominating Committee held no separate meetings during the fiscal year ended June&nbsp;30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 22.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Nominating Committee
works with our Board to determine the appropriate characteristics, skills and experiences for our Board as a whole and its individual
members with the objective of having a Board with diverse experience. The Nominating Committee believes that it is desirable that
directors possess an understanding of our business environment and have the requisite ethical standards, knowledge, skills, expertise
and diversity of experience such that our Board&rsquo;s ability to manage and direct our affairs and business is enhanced. Additional
considerations may include an individual&rsquo;s capacity to enhance the ability of committees of our Board to fulfill their duties
and/or satisfy any independence requirements imposed by law, regulation or listing requirements. The Nominating Committee may receive
candidate nomination suggestions from current Board members, our executive officers, our shareholders or other sources, which may
be either unsolicited or in response to requests from our Board for such candidates. The Nominating Committee may also, from time
to time, engage firms that specialize in identifying director candidates. Once a person has been identified by the Nominating Committee
as a potential candidate, the Nominating Committee may collect and review publicly available information regarding the person to
assess whether the person should be considered further. If the Nominating Committee determines that the candidate warrants further
consideration, a member of the Nominating Committee may contact the person. Generally, if the person expresses a willingness to
be considered and to serve on our Board, the Nominating Committee may request information from the candidate, review the person&rsquo;s
accomplishments and qualifications and may conduct one or more interviews with the candidate. The Nominating Committee may consider
all such information in light of information regarding any other candidates that it might be evaluating for nomination to our Board.
The Nominating Committee or other Board members may also contact one or more references provided by the candidate or may contact
other members of the business community or other persons that may have greater first-hand knowledge of the candidate&rsquo;s qualifications
and accomplishments. With the candidate&rsquo;s consent, the Nominating Committee may</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">also engage an outside firm to conduct background
checks on the candidate as part of the evaluation process. The Nominating Committee&rsquo;s evaluation process does not vary based
on the source of the recommendation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Shareholder nominations
for director should be sent to our Secretary and should include the candidate&rsquo;s name and qualifications and a statement from
the candidate that he or she consents to being named in the proxy statement and will serve as a director if elected. In order for
any such candidate to be considered for nomination and, if nominated, to be included in the proxy statement, such recommendation
must satisfy the requirements discussed later in this proxy statement under the heading &ldquo;Proposals of Shareholders.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In compiling the list
of our Board nominees appearing in this proxy statement, nominee referrals as well as nominee recommendations were received from
existing directors and members of management&mdash;both solicited and unsolicited.<B> </B> No paid consultants were engaged by
us, our Board or any of our Board&rsquo;s committees for the purposes of identifying qualified, interested Board candidates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>Compensation Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board has a Compensation
Committee that consists of three Board members, Messrs. Swenson (Chairman), Cabillot and Farrell. The Compensation Committee is
comprised entirely of non-employee, &ldquo;independent directors&rdquo; (as defined in Rule 5605(a)(2) of the Nasdaq Listing Rules)
and operates under a written charter adopted by our Board. A copy of the Compensation Committee&rsquo;s current charter may be
found at http://www.pro-dex.com/media/23092/compensation_committee_charter.pdf. The Compensation Committee establishes compensation
policies applicable to our executive officers and directors. During the fiscal year ended June&nbsp;30, 2015, the full Board carried
out the duties typically ascribed to the Compensation Committee. As such, the Compensation Committee held no separate meetings
during the fiscal year ended June&nbsp;30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">From time to time, various
members of management and other employees, as well as outside advisors or consultants, may be invited by the Compensation Committee
to make presentations, provide financial or other background information or advice, or otherwise participate in Compensation Committee
meetings or executive sessions of the Board. Among other things, the charter of the Compensation Committee grants the Compensation
Committee authority to obtain, at our expense, advice and assistance from internal and external legal, accounting or other advisors
and consultants and other external resources that the Compensation Committee considers necessary or appropriate in the performance
of its duties. In particular, the Compensation Committee has the sole authority to retain compensation consultants to assist in
its evaluation of executive and director compensation, including the authority to approve the consultant&rsquo;s reasonable fees
and other retention terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investment Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.2in">The Investment Committee
was formed in April 2013 and is currently comprised of one management director, Mr. Van Kirk, and two non-management directors,
Mr. Cabillot and Mr. Swenson, who chairs the committee. The purpose of the Investment Committee is to administer and invest surplus
capital from time to time, in such amounts as approved by the board, in authorized investments. The investment committee met twice
during fiscal 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FAMILY RELATIONSHIPS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There are no family
relationships among our executive officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BOARD LEADERSHIP STRUCTURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board has separated
the roles of Chairman of the Board and Chief Executive Officer. Mr.&nbsp;Swenson, an independent director, serves as Chairman of
our Board and presides at all Board and shareholder meetings. Mr.&nbsp;Van Kirk, our Chief Executive Officer, serves as our primary
spokesperson and supervises our business, subject to the direction of our Board. The independent Board members annually assess
Mr.&nbsp;Van Kirk&rsquo;s performance as Chief Executive Officer. We believe that an independent Chairman of the Board is better
able to provide oversight and guidance to management, especially in relation to the Board&rsquo;s essential role in risk management
oversight, and to ensure the efficient use and accountability of resources. Furthermore, this separation provides for focused engagement
between these two roles in their respective areas of responsibility, while still providing for collaborative participation. The
separation of the Chairman of the Board and Chief Executive Officer roles, together with our other comprehensive corporate governance
practices, are designed to establish and preserve management accountability, provide a structure that allows the Board to set objectives
and monitor performance, and enhance shareholder value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BOARD&rsquo;S ROLE IN RISK OVERSIGHT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board has an active
role, as a whole and also at the committee level, in overseeing management of our risks. Our Board regularly reviews information
regarding our credit, liquidity and operations, as well as the risks associated with each. The Compensation Committee is responsible
for overseeing the management of risks relating to our executive compensation plans and arrangements. The Audit Committee oversees
management of financial risks. The Nominating Committee manages risks associated with the independence of our Board and potential
conflicts of interest. While each committee is responsible for evaluating certain risks and overseeing the management of such risks,
the entire Board is regularly informed through committee and management reports about such risks and their mitigation. Our Board
believes the division of risk management responsibilities described above is an effective approach for evaluating and addressing
the risks we face and that the structure allows our Board to exercise effective oversight of the actions of management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COMPENSATION OF EXECUTIVE OFFICERS AND
MANAGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Compensation Committee Procedures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Compensation Committee
makes its most significant determinations with respect to annual compensation, bonus awards, and new financial and other corporate
performance objectives for executive compensation purposes, at one or more meetings held during the first quarter of the fiscal
year for which the targets and compensation levels are applicable. At various meetings throughout the year, the Compensation Committee
also considers matters related to individual compensation, such as compensation for new executive hires, as well as high-level
strategic issues, such as the efficacy of, and any risks relating to, our compensation strategies, policies and practices, potential
modifications to those strategies, policies and practices, and new trends, plans or approaches to compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Generally, the Compensation
Committee&rsquo;s process consists of two related elements: (i)&nbsp;the determination of compensation levels and (ii)&nbsp;the
establishment of financial and other corporate performance objectives in connection with our Annual Incentive Plan. Our Annual
Incentive Plan provides for payment of cash bonuses to participants following the completion of a fiscal year subject to the attainment
of certain performance goals. For executive officers other than our CEO, the Compensation Committee solicits and considers evaluations
and recommendations submitted to the Compensation Committee by our CEO. In the case of our CEO, the evaluation of his performance
is conducted by the Compensation Committee, which determines any adjustments to his compensation. Our CEO may not participate in,
or be present during, any deliberations or determinations of the Compensation Committee regarding his compensation. For all executive
officers and directors, as part of its deliberations, the Compensation Committee may review and consider, as appropriate, materials
such as financial reports and projections, operational data, tax and accounting information, tally sheets that set forth the total
compensation that may become payable to executive officers in various hypothetical scenarios, our stock performance data, and analyses
of historical executive compensation levels and our current compensation levels. Periodically, the Compensation Committee reviews
all of our incentive compensation plans in order to evaluate the level of risk that such plans may encourage and, along with management&rsquo;s
report concerning such matters and their mitigation, to ensure that each plan is properly monitored and evaluated. The specific
determinations of the Compensation Committee with respect to executive compensation for the fiscal year ended June&nbsp;30, 2015
are described herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Compensation Committee Philosophy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our compensation
philosophy is predicated upon the following concepts:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">We pay competitively. We are committed to providing a pay program that helps attract and retain
highly qualified people in the industry. To ensure that pay is competitive, we compare our pay practices with those of other leading
companies of similar size and location(s) and set our pay parameters based on this review.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">We pay for sustained performance. Executive officers are rewarded based upon corporate performance
and individual performance. Corporate performance is evaluated by the Compensation Committee by reviewing the extent to which strategic
and business plan goals are met, including such factors as revenues, operating profit and cash flow.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">We strive for fairness in the administration of pay and to achieve a balance of the compensation
paid to a particular individual as compared to the compensation paid to both our executives and executives at comparable companies.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">We believe that employees should understand the performance evaluation and pay administration process.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Compensation Committee
believes that it is important that our executives be compensated in a manner that closely links compensation with performance and
yet does not incent excessive risk-taking. To that end, the Compensation Committee has developed a comprehensive and balanced compensation
plan that includes a base salary; annual and multi-year cash incentives based upon our Annual Incentive Plan; and, a package of
benefits similar in scope and nature to those offered to all our other employees. The Compensation Committee believes that equity-based
incentives are an integral component of a competitive compensation plan, albeit in the form of a stock purchase plan that allows
employees to purchase shares of our Common Stock at a reasonably discounted price through payroll deductions, rather than through
stock option awards in which employees do not have a direct stake in our Common Stock and, in turn, a less direct incentive to
contribute to our success. Accordingly, in June 2014, our Board approved the termination of our Second Amended and Restated 2004
Stock Option Plan which was approved by our shareholders in December 2014. Additionally, in September 2014 our Board approved the
2014 Employee Stock Purchase Plan (the &ldquo;ESPP&rdquo;) which was similarly approved by our shareholders in December 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Compensation Committee
believes that there are no risks related to our compensation plans that would result in a material adverse impact on us. This conclusion
is based upon management&rsquo;s risk analysis and the Compensation Committee&rsquo;s belief that the following mitigating factors
also serve to reduce such risks:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Incentives are capped at a maximum amount regardless of the degree to which objectives may be exceeded.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Payments are based upon audited year end results.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Multiple objectives are used as performance targets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Computations are reviewed at regular intervals during the year and are subject to multiple levels
of review at the management, committee, and full Board level.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">All incentives are based upon pre-established objective criteria as approved by our Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Compensation of Executive Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table
sets forth certain compensation information for the fiscal years ended June&nbsp;30, 2015 and 2014, for our Chief Executive Officer,
as well as our Chief Financial Officer and our former Chief Executive Officer during fiscal year ended June&nbsp;30, 2015 and whose
total compensation exceeded $100,000 (collectively, the &ldquo;Named Executive Officers&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Summary Compensation Table</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></P><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Name and</b></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></P><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Salary</b></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></P><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>All&nbsp;Other<BR> Compensation<sup>(4)</sup></b></P></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></P><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Total</b></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">Principal Position</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt; vertical-align: bottom">Year</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: justify; text-indent: 0pt"><font style="font-size: 10pt">Richard L. Van Kirk<font style="font-family: Times New Roman, Times, Serif"><sup>(1)</sup></font></font></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 10%; text-align: center; vertical-align: bottom">2015</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">191,539</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">19,802</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">211,341</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; vertical-align: middle; padding-left: 10pt">Director, CEO, President and COO</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">2014</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">177,617</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">17,480</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">195,097</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: 0pt"><font style="font-size: 10pt">Harold A. Hurwitz<font style="font-family: Times New Roman, Times, Serif"><sup>(2)</sup></font></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">2015</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">138,461</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">101,510</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">239,971</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 10pt; vertical-align: middle">Former Director, CEO, President, CFO, Treasurer &amp; Secretary</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">2014</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">222,004</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">13,101</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">235,105</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0pt"><font style="font-size: 10pt">Alisha K. Charlton<font style="font-family: Times New Roman, Times, Serif"><sup>(3)</sup></font></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">2015</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">158,673</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,225</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">161,898</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 10pt">Chief Financial Officer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">2014</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">59,423</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">295</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">59,718</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD STYLE="text-align: justify">Mr. Van Kirk was appointed our Chief Executive Officer, President and Director on January 12, 2015,
in addition to continuing his position as COO.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD STYLE="text-align: justify">Mr. Hurwitz resigned from his positions as Director, Chief Executive Officer, President, CFO, Treasurer
and Secretary on January 12, 2015.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD STYLE="text-align: justify">Ms. Charlton joined Pro-Dex on January 29, 2014 and was appointed our Chief Financial Officer on
January 12, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD STYLE="text-align: justify">The amounts reported above
under the heading &ldquo;All Other Compensation&rdquo; consist of the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 19%; text-align: center">&nbsp;</td>
    <td style="width: 1%; text-align: center">&nbsp;</td>
    <td style="width: 6%; text-align: center">&nbsp;</td>
    <td style="width: 19%; text-align: center">&nbsp;</td>
    <TD STYLE="width: 55%; border-bottom: Black 1pt solid; text-align: center; font-size: 8pt"><font style="font-size: 8pt"><b>All Other Compensation ($)</b></font></td></tr>
</table>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Insurance</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">401K Matching</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Separation</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; font-size: 8pt">Name and</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Premiums</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Contributions</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Payments</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; font-size: 8pt">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 8pt">Principal Position</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 8pt">Year</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 8pt">($)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; text-align: justify; text-indent: 0pt; font-size: 10pt">Richard L. Van Kirk</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD NOWRAP STYLE="width: 9%; text-align: center; vertical-align: bottom">2015</TD><TD NOWRAP STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">17,887</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,915</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">19,802</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 10pt">Director, CEO, President and COO</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">2014</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,705</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">17,480</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: 0pt">Harold A. Hurwitz</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">2015</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">9,300</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,731</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">90,479</TD><TD STYLE="text-align: left"><sup>(5)</sup></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">101,510</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 10pt; vertical-align: middle">Former Director, CEO, President, CFO, Treasurer &amp; Secretary</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">2014</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">10,327</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,774</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">13,101</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0pt">Alisha K. Charlton</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">2015</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,524</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,701</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,225</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 10pt">Chief Financial Officer</TD><TD>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">2014</TD><TD NOWRAP STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">295</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">295</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(5)</SUP></TD><TD STYLE="text-align: justify">Mr. Hurwitz separation payments included severance compensation in the amount of $58,846 and a
cash payment for his in-the-money portion of vested options in the amount of $31,633.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Employment Agreements with Named Executive Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>Employment Arrangement with Richard L. Van Kirk</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">On January 12, 2015,
Mr. Van Kirk began service as our Chief Executive Officer, President and Director, in addition to continuing to serve as our Chief
Operating Officer, a position he has held since April 23, 2013. In connection with his 2013 appointment as Chief Operating Officer,
Mr. Van Kirk entered into an at-will employment arrangement (the &ldquo;April 2013 Employment Arrangement&rdquo;), which incorporates
certain terms of Mr. Van Kirk&rsquo;s prior at-will employment arrangement dated January 6, 2006. Pursuant to the April 2013 Employment
Arrangement, Mr. Van Kirk&rsquo;s compensation consists of the following which are pursuant to the April 2013 Employment arrangement
(except for the base compensation which amount was increased upon his appointment as Chief Executive Officer):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>A base salary at an annualized rate of $205,000.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Participation in our Annual Incentive Plan and our prior Long Term Incentive Plan, the latter of which was terminated by our
Board on June 26, 2014.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Mr. Van Kirk was permitted to participate in any program of stock options or other equity grants
that we provided key employees from time to time. Such grants were made under the terms and provisions of the Second Amended and
Restated 2004 Stock Option Plan, which was terminated by our Board on June 26, 2014. Mr. Van Kirk is permitted to participate in
the ESPP on the same terms as other employees, which was approved by our Board in September, 2014 and our shareholders in December,
2014.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Health, dental, disability and life insurance, qualified retirement plans, and optional employee
benefits on the same terms as other employees, except Mr. Van Kirk will not participate in any Company-wide employee bonus plans.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>Employment Arrangement with Alisha K.
Charlton</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">On January 12, 2015,
Ms. Charlton began service as our Chief Financial Officer. In connection with that appointment, Ms. Charlton continued her at-will
employment arrangement. Ms. Charlton&rsquo;s compensation consists of the following which are pursuant to her at-will employment
upon her hire date of January 29, 2014 (except for the base compensation which amount was increased upon her appointment as Chief
Financial Officer):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>A base salary at an annualized rate of $165,000.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>Ms. Charlton is permitted to participate in the ESPP on the same terms as other employees, which was approved by our Board
in September, 2014 and by our shareholders in December, 2014.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Health, dental, disability and life insurance, qualified retirement plans, and optional employee
benefits on the same terms as other employees, except Ms. Charlton will not participate in any Company-wide employee bonus plans.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Annual Incentive Awards</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For fiscal year 2014,
AIP awards were subject to a formula based on threshold cash flows from operations of approximately $300,000, with no Individual
Achievement Factors as existed in prior years. Because the threshold cash flows from operations were not achieved, no awards were
made under the terms of the AIP for fiscal year 2014. There was no AIP in fiscal year 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Outstanding Equity Awards at Fiscal Year End</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table
sets forth information about outstanding equity awards held by our Named Executive Officers as of June&nbsp;30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; text-align: justify">&nbsp;</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Option Awards</TD><TD STYLE="font-size: 8pt; font-weight: bold; border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Stock Awards</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number of Securities Underlying <BR>Unexercised Options</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 0pt solid">Number of<BR>
Shares of Stock</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 0pt solid">Market&nbsp;Value<BR>
of&nbsp;Shares<BR>
of&nbsp;Stock</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Exercisable <BR>(#)</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Unexercisable<BR>(#)</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Option<BR>Exercise&nbsp;Price<BR>($)</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Option<BR>Expiration<BR>Date</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">That<BR>Have Not<BR>Vested</TD><TD STYLE="font-size: 8pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">That<BR>Have Not<BR>Vested</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 21%; text-align: justify; text-indent: -5.05pt; padding-left: 5.05pt">Richard L. Van Kirk</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">8,334</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 8%; text-align: center; vertical-align: bottom">&mdash;</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">7.65</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">01</TD><TD STYLE="width: 1%; text-align: left">/06/2016</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: -5.05pt; padding-left: 5.05pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,334</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&mdash;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">4.38</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">05</TD><TD STYLE="text-align: left">/18/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: -5.05pt; padding-left: 5.05pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&mdash;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.97</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">/07/2020</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: -5.05pt; padding-left: 5.05pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&mdash;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.80</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">09</TD><TD STYLE="text-align: left">/12/2021</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: -5.05pt; padding-left: 5.05pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,333</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">1,667</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1.73</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">09</TD><TD STYLE="text-align: left">/11/2022</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; text-indent: -5.05pt; padding-left: 5.05pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: middle">1,666</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: middle">$3,898</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Compensation of Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><U>2013 Directors&rsquo; Compensation Plan</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In May 2, 2013, our
Board created the 2013 Directors&rsquo; Compensation Plan that provides for the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Fees of $200 for participation in Board or Committee meetings, to a maximum of $2,000 per fiscal
year; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">An annual retainer of $23,000 for the Audit Committee Chair (which may be modified in compensating
any future Audit Committee Chair).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The 2013 Directors&rsquo;
Compensation Plan has no provision for (a) retainers other than that described above, or (b) grants of options, restricted stock
or other forms of equity compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table
details the cash retainers and fees, as well as equity compensation in the form of stock awards, paid to our non-employee directors
during fiscal 2015:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 8pt"><b>Name</b></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 8pt"><b>Fees<br> Paid in Cash<sup>(1)</sup><br>($)</b></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 8pt"><b>Option Awards<br>($)</b></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 8pt"><b>Total<br>($)</b></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 46%; text-align: justify">David C. Hovda</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">24,800</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">24,800</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">William J. Farrell III</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,400</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,400</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify">Nicholas J. Swenson</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify">Raymond E. Cabillot</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 15.95pt"><SUP>(1)</SUP></TD><TD STYLE="text-align: justify">The cash amount reported in this column represents amounts paid to directors during fiscal 2015
and in some cases includes a portion of fees earned in fiscal 2014.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EQUITY COMPENSATION PLAN INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The following table provides information
as of June 30, 2015 with respect to shares of Common Stock that may be issued under the Company&rsquo;s equity compensation plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 35%; border-bottom: Black 1pt solid; text-align: center"><font style="font-size: 8pt"><b>Plan Category</b></font></td>
    <td style="width: 2%; text-align: center">&nbsp;</td>
    <td style="width: 20%; border-bottom: Black 1pt solid; text-align: center"><font style="font-size: 8pt"><b>Number of Securities to be Issued Upon Exercise of Outstanding Options Warrants and Rights</b></font></td>
    <td style="width: 2%; text-align: center">&nbsp;</td>
    <td style="width: 18%; border-bottom: Black 1pt solid; text-align: center"><font style="font-size: 8pt"><b>Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights</b></font></td>
    <td style="width: 2%; text-align: center">&nbsp;</td>
    <td style="width: 21%; border-bottom: Black 1pt solid; text-align: center"><font style="font-size: 8pt"><b>Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in the first column)</b></font></td></tr>
<tr style="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Equity compensation plans approved by Stockholders:</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: justify">&nbsp;</td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: right">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Second Amended and Restated 2004 Stock Option Plan<sup>(1)</sup></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">91,668</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">$&nbsp;&nbsp;&nbsp;&nbsp;2.45</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">&mdash;</font></td></tr>
<tr style="background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Amended and Restated 2004 Directors&rsquo; Stock Option Plan<sup>(2)</sup></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">15,000</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">$&nbsp;&nbsp;&nbsp;&nbsp;2.14</font></td>
    <td style="text-align: justify">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: center"><font style="font-size: 10pt">&mdash;</font></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10pt"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>(1)</SUP></FONT></TD><TD>The Second Amended and Restated 2004 Stock Option Plan was terminated by our Board on June 26, 2014 and, as a result, no further
options may be granted under such plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10pt"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>(2)</SUP></FONT></TD><TD STYLE="text-align: justify">The Amended and Restated 2004 Directors&rsquo; Stock Option Plan was terminated by our Board on
June 26, 2014 and by our shareholders on December 3, 2014 and as a result, no further options may be granted under this plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Options and Restricted Stock Generally</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board, as the administrator
of each of the plans listed above, has the discretion to accelerate the vesting of any outstanding options held by the employees
and directors in the event of an acquisition of us by a merger or asset sale in which the outstanding options under each such plan
are not to be assumed by the successor corporation or substituted with options to purchase shares of such corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In the event of a change
of control (as such term is defined in the stock option plans listed in the table above, which definition includes, among other
items, (a)&nbsp;conditions under which a person or group becomes a beneficial owner of 50% or more of the voting power of our outstanding
stock, or (b)&nbsp;a change in the composition of our Board occurring within a one-year period of 60% or more), the Board has the
discretion to accelerate the vesting of any outstanding options or shares of restricted stock held by employees. Vesting of outstanding
options held by members of our Board would be automatically accelerated as a result of a change of control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AUDIT COMMITTEE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Audit Committee
reports to and acts on behalf of our Board in providing oversight to our financial management, independent registered public accounting
firm, and financial reporting procedures. Our management is responsible for preparing our financial statements and the independent
registered public accounting firm is responsible for auditing those statements. In this context, the Audit Committee has reviewed
and discussed the audited financial statements contained in our 2015 Annual Report on Form 10-K with management and Moss Adams,
LLP, the independent registered public accounting firm engaged to audit such financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Audit Committee
has discussed with Moss Adams, LLP the matters required to be discussed by Auditing Standard No.&nbsp;16 (&ldquo;Communications
with Audit Committees&rdquo;). The Audit Committee has received the written disclosures and the letter from Moss Adams, LLP required
by applicable requirements of the Public Company Accounting Oversight Board regarding the independent registered public accounting
firm&rsquo;s communications with the audit committee concerning independence and has discussed with Moss Adams, LLP its independence.
In concluding that Moss Adams, LLP is independent, the Audit Committee considered, among other factors, whether the non-audit services
provided by Moss Adams, LLP were compatible with maintaining its independence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In reliance on the reviews
and discussions referred to above, the Audit Committee recommended to our Board that the audited financial statements be included
in our Annual Report on Form 10-K for the fiscal year ended June&nbsp;30, 2015, and be filed with the SEC.</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Audit Committee
has appointed Moss Adams, LLP to serve as our independent auditors for the fiscal year ending June&nbsp;30, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AUDIT COMMITTEE</B></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="width: 33%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%">&nbsp;</td>
    <td style="width: 32%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%">&nbsp;</td>
    <td style="width: 33%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="text-align: center"><font style="font-size: 10pt">David C. Hovda</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">Raymond E. Cabillot</font></td>
    <td>&nbsp;</td>
    <td style="text-align: center"><font style="font-size: 10pt">Nicholas J. Swenson</font></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CODE OF BUSINESS CONDUCT AND ETHICS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">Our code of business conduct and ethics,
as approved by our Board, can be obtained from http://www.pro-dex.com/media/23086/ prodex_code_of_conduct.pdf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">We intend to satisfy
the disclosure requirement under Item&nbsp;5.05 of Form 8-K relating to amendments to or waivers from provisions of the code that
relate to one of more of the items set forth in Item&nbsp;406(b) of Regulation S-K and its successor regulation, by describing
on our Internet website, within four business days following the date of a waiver or a substantive amendment, the date of the waiver
or amendment, the nature of the amendment or waiver, and the name of the person to whom the waiver was granted. There have been
no waivers of the ethics policy granted during the fiscal year ended June 30, 2015 and through the date of this proxy statement,
nor have there been any requests for such waivers during that period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Information on our Internet
site is not, and shall not be deemed to be, a part of this proxy statement or incorporated into any other filings we make with
the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING
COMPLIANCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Under Section&nbsp;16(a)
of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), our directors and officers and any person
who owns more than ten percent of our Common Stock are required to report their initial ownership of our Common Stock and any subsequent
changes in that ownership to the SEC and the Nasdaq Capital Market. Officers, directors and greater than 10% shareholders are required
by SEC regulations to furnish us with copies of all forms they file in accordance with Section&nbsp;16(a). Based solely on our
review of the copies of such forms received by us, or written representations from certain reporting persons that no other reports
were required for those persons, we believe that during the fiscal year ended June&nbsp;30, 2015, our officers, directors and greater
than 10% shareholders complied with all Section&nbsp;16(a) filing requirements applicable to such persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>POLICIES AND PROCEDURES FOR APPROVAL
OF RELATED PARTY TRANSACTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board has the
responsibility to review and discuss with management and approve, and has adopted written policies and procedures relating to approval
or ratification of, interested transactions with related parties.&nbsp;During this process, the material facts as to the related
party&rsquo;s interest in a transaction are disclosed to all Board members or an applicable committee.&nbsp;Under the policies
and procedures, the Board is to review each interested transaction with a related party that requires approval and either approve
or disapprove of the entry into the interested transaction.&nbsp;An &ldquo;interested transaction&rdquo; is any transaction in
which we are a participant and any related party has or will have a direct or indirect interest.&nbsp;Transactions that are in
the ordinary course of business and would not require either disclosure pursuant to Item&nbsp;404(a) of Regulation S-K under the
Securities Act or approval of the Board or an independent committee of the Board pursuant to applicable Nasdaq rules would not
be deemed interested transactions.&nbsp;No director may participate in any approval of an interested transaction with respect to
which he or she is a related party.&nbsp;Our Board intends to approve only those related party transactions that are in the best
interests of the Company and our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Since July&nbsp;1,
2014, the beginning of our fiscal year 2015, there has not been a transaction or series of related transactions to which we were
or are a party, or in which any director, executive officer, holder of more than 5% of any class of our voting securities, or any
member of the immediate family of any of the foregoing persons, had or will have a direct or indirect material interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Certain Relationships and Related Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">We have entered into
indemnification agreements with each of our directors and executive officers.&nbsp;The indemnification agreements and our certificate
of incorporation and bylaws require us to indemnify our directors and officers to the fullest extent permitted by Colorado law.</P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Director Independence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our corporate governance
guidelines provide that a majority of the Board and all members of the Audit, Compensation and Nominating Committees of the Board
will be independent.&nbsp;On an annual basis, each director and executive officer is obligated to complete a Director and Officer
Questionnaire that requires disclosure of any transactions with us in which a director or executive officer, or any member of his
or her immediate family, have a direct or indirect material interest.&nbsp;Following completion of these questionnaires, the Board,
with the assistance of the Nominating Committee, makes an annual determination as to the independence of each director using the
current standards for &ldquo;independence&rdquo; established by the SEC and Nasdaq, additional criteria set forth in our corporate
governance guidelines and consideration of any other material relationship a director may have with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Board has determined
that all of its directors are independent under these standards, except for&nbsp;Mr.&nbsp;Van Kirk, our Chief Executive Officer
and President, who was appointed to our Board on January 12, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COMMUNICATIONS WITH DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board has established
a process to receive communications from shareholders. Shareholders and other interested parties may contact any member (or all
members) of our Board, or the independent directors as a group, any Board committee or any Chair of any such committee by mail
or electronically. To communicate with our Board, any individual directors or any group or committee of directors, correspondence
should be addressed to our Board or any such individual directors or group or committee of directors by either name or title. All
such correspondence should be sent &ldquo;c/o Corporate Secretary&rdquo; at 2361 McGaw Avenue, Irvine, California 92614. To communicate
with any of our directors electronically, a shareholder should send an email to our Secretary: alisha.charlton@pro-dex.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">All communications received
as set forth in the preceding paragraph will be opened by the Company&rsquo;s Secretary for the sole purpose of determining whether
the contents represent a message to one or more of the directors. Any contents that are not in the nature of advertising, promotions
of a product or service or patently offensive material will be forwarded promptly to the addressee. In the case of communications
to the Board or any group or committee of directors, the Company&rsquo;s Secretary will make sufficient copies (or forward such
information in the case of e-mail) of the contents to send to each director who is a member of the group or committee to which
the envelope or e-mail is addressed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 23.05pt">It is our policy
that our directors are invited and encouraged to attend all of our annual meetings of shareholders. All of the then-current directors
were in attendance at the 2014 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proposal No.&nbsp;2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RATIFICATION OF APPOINTMENT OF INDEPENDENT
PUBLIC ACCOUNTANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Audit Committee
has appointed the firm of Moss Adams, LLP as our independent registered public accounting firm for the fiscal year ending June&nbsp;30,
2016, and requests our shareholders to ratify this appointment. In the event that our shareholders do not ratify the selection
of Moss Adams, LLP as our independent public accountants, our Board will consider the selection of another independent public accounting
firm. Even if the appointment is ratified, the Audit Committee in its discretion may direct the appointment of a different independent
registered public accounting firm at any time during the year if it determines that such a change would be in our best interest
and the best interest of our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">A representative of
Moss Adams, LLP is expected to be present at the Annual Meeting. He or she will have the opportunity to make a statement if such
representative desires to do so and will be available to respond to appropriate questions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ACCOUNTING FEES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Audit Committee&rsquo;s
policy is to pre-approve all auditing services and permitted non-audit services (including the fees and terms thereof) to be performed
for us by our independent registered public accounting firm, subject to the de minimis exceptions for non-audit services described
in Section&nbsp;10A(i)(1)(B) of the Exchange Act, which are approved by the Audit Committee prior to the completion of the audit.
The Audit Committee considers whether the performance of any service by our independent registered public accounting firm is compatible
with maintaining such firm&rsquo;s independence.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table
sets forth the aggregate fees billed to us for during the fiscal years ended June 30, 2015 and 2014 by our independent registered
public accounting firm, Moss Adam, LLP, all of which were preapproved by the Audit Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Years Ended June 30,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2015</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2014</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 60%; text-align: justify"><font style="font-size: 10pt">&#9;Audit Fees<font style="font-family: Times New Roman, Times, Serif"><sup>(1)</sup></font>&#9;</font></TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">146,580</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">97,137</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify"><font style="font-size: 10pt">&#9;Audit-Related Fees<font style="font-family: Times New Roman, Times, Serif"><sup>(2)</sup></font>&#9;</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,950</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,775</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify"><font style="font-size: 10pt">&#9;Tax Fees<font style="font-family: Times New Roman, Times, Serif"><sup>(3)</sup></font>&#9;</font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,050</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt"><font style="font-size: 10pt">&#9;All Other Fees<font style="font-family: Times New Roman, Times, Serif"><sup>(4)</sup></font>&#9;</font></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">76,305</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 10pt; vertical-align: middle">Total&#9;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">167,580</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">231,217</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD STYLE="text-align: justify"><I>Audit Fees</I> consist of fees billed for professional services rendered for the audit of our
consolidated annual financial statements and review of the interim consolidated financial statements included in quarterly reports
and services that are normally provided in connection with statutory and regulatory filings or engagements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -20.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD STYLE="text-align: justify"><I>Audit-Related Fees</I> consist of fees billed for assurance and related services that are reasonably
related to the performance of the audit or review of our consolidated financial statements and are not reported under &ldquo;Audit
Fees.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -20.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD STYLE="text-align: justify"><I>Tax Fees</I> consist of fees billed for professional services rendered for tax compliance, tax
advice and tax planning. These services include assistance regarding federal state and local tax compliance, planning and advice.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -20.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD STYLE="text-align: justify"><I>All Other Fees</I> consist of fees for products and services other than the services reported
above. In fiscal 2014, the majority of the other fees related to accounting and tax consulting services provided in conjunction
with our Common Stock rights offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -20.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Required Vote and Board Recommendation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Although shareholder
ratification is not required for the appointment of Moss Adams, LLP as our independent registered public accounting firm for the
fiscal year ending June&nbsp;30, 2016, our Board has directed that this appointment be submitted to our shareholders for ratification
at the Annual Meeting. Assuming a quorum is present at the Annual Meeting, this proposal will be ratified and approved if the votes
cast in favor of this proposal exceed the votes cast opposing this proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>OUR BOARD RECOMMENDS
THAT OUR SHAREHOLDERS VOTE &ldquo;FOR&rdquo; THE RATIFICATION OF THE APPOINTMENT OF MOSS ADAMS, LLP TO SERVE AS OUR INDEPENDENT
PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JUNE&nbsp;30,&nbsp;2016.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proposal No.&nbsp;3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADVISORY VOTE TO APPROVE THE COMPENSATION
OF OUR NAMED EXECUTIVE OFFICERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Pursuant to Section
14A of the Exchange Act, we are asking our shareholders to vote to approve, on a nonbinding, advisory basis, the compensation of
our Named Executive Officers, commonly referred to as the &ldquo;say-on-pay&rdquo; vote. In accordance with the Exchange Act requirements,
we are providing our shareholders with an opportunity to express their views on our Named Executive Officers&rsquo; compensation.
Although this advisory vote is nonbinding, our Board and the Compensation Committee will review and consider the voting results
when making future decisions regarding our Named Executive Officer compensation and related executive compensation programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">We encourage shareholders
to read the &ldquo;Compensation of Executive Officers and Management&rdquo; section in this proxy statement, including the compensation
tables and the related narrative disclosure, which describes the structure and amounts of the compensation of our Named Executive
Officers for the fiscal year ended June&nbsp;30, 2015. The compensation of our Named Executive Officers is designed to enable us
to attract and retain talented and experienced executives to lead us successfully in a competitive environment. The Compensation
Committee and our Board believe that our executive compensation strikes the appropriate balance between utilizing responsible,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">measured pay practices and effectively incentivizing our Named Executive Officers to dedicate themselves fully to value creation
for our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Accordingly, we ask our shareholders to
vote &ldquo;FOR&rdquo; the following resolution at the Annual Meeting:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify">&ldquo;RESOLVED, that the shareholders
approve, on an advisory basis, the compensation of our Named Executive Officers, as disclosed pursuant to Item 402 of Regulation
S-K, including the compensation tables and any other related disclosure in the proxy statement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Required Vote and Board Recommendation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Assuming a quorum is
present at the Annual Meeting, this proposal to approve, on an advisory basis, the compensation of our Named Executive Officers
will be approved if the votes cast in favor of this proposal exceed the votes cast opposing this proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>OUR BOARD RECOMMENDS
THAT OUR SHAREHOLDERS VOTE &ldquo;FOR&rdquo;, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS</B>.<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ANNUAL REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Annual Report on
Form 10-K containing audited financial statements for the fiscal year ended June&nbsp;30, 2015 accompanies this proxy statement.
Such report is not incorporated herein and is not deemed to be a part of this proxy solicitation material.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROPOSALS OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Pursuant to Rule 14a-8
of the SEC, proposals by shareholders and submissions by shareholders of director nominees that are intended for inclusion in our
proxy statement and proxy card and to be presented at our next annual meeting must be received by us by June 25, 2016, in order
to be considered for inclusion in our proxy materials. Such proposals should be addressed to our Secretary and may be included
in next year&rsquo;s proxy materials if they comply with certain rules and regulations of the SEC governing shareholder proposals.
Proposals by shareholders, as well as shareholder nominees for director, for possible consideration at our next annual meeting
that are not intended for inclusion in our proxy materials must also be received by our Secretary no later than June&nbsp;25, 2016.
Every shareholder notice must also comply with certain other requirements set forth in our Bylaws, a copy of which may be obtained
by written request delivered to our Secretary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OTHER MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our Board knows of no
other matters which will be acted upon at the Annual Meeting. If any other matters are presented properly for action at the Annual
Meeting or at any adjournment or postponement thereof, it is intended that the proxy will be voted with respect thereto in accordance
with the best judgment and in the discretion of the proxy holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B>OUR SHAREHOLDERS
ARE URGED TO PROMPTLY SUBMIT THEIR PROXY OR VOTING INSTRUCTIONS AS SOON AS POSSIBLE BY FOLLOWING THE INSTRUCTIONS IN THE NOTICE
OF INTERNET AVAILABILITY OF PROXY MATERIALS, WHICH WAS MAILED TO YOU ON OR ABOUT OCTOBER 23, 2015. IF YOU REQUEST PRINTED COPIES
OF THE PROXY MATERIALS BY MAIL, YOU CAN ALSO VOTE BY MAIL OR BY TELEPHONE.</B></P>

<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt">By Order of the Board of Directors,</P>

<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt">PRO-DEX, INC.</P>

<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt">/s/ Alisha K. Charlton</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt">Corporate Secretary</P>

<P STYLE="font: 5pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 311pt">Irvine, California</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SHAREHOLDERS MAY OBTAIN, FREE OF CHARGE,
A PAPER COPY OF OUR ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED JUNE 30, 2015, (WITHOUT EXHIBITS) AS FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION BY WRITING TO: INVESTOR RELATIONS, PRO-DEX, INC., 2361 MCGAW AVENUE, IRVINE, CALIFORNIA 92614 OR CALLING
(949)&nbsp;769-3200.</P>


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<P STYLE="margin: 0"></P>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 33%; font-size: 10pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; font-size: 10pt; line-height: 115%">&nbsp;</td>
    <td style="width: 66%; font-size: 10pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: middle">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 20pt"><i>PRO-DEX, &nbsp;&nbsp;INC.</i></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 20pt"><i>2361&nbsp;&nbsp;MCGAW&nbsp;&nbsp;AVENUE</i></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 20pt"><i>IRVINE,&nbsp;&nbsp;CA&nbsp;&nbsp;92614</i></P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 10pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"><b>VOTE BY INTERNET - www.proxyvote.com</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 4pt 0.8pt 0 0">Use the Internet to transmit your voting instructions
        and for electronic delivery of information up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have
        your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic
        voting instruction form.</P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 8pt 0.8pt 0 0"><b>Electronic Delivery of Future PROXY MATERIALS</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 4pt 0.8pt 0 0">If you would like to reduce the costs incurred by
        our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports
        electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using
        the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.</P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 8pt 0.8pt 0 0"><b>VOTE BY PHONE - 1-800-690-6903</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 4pt 0.8pt 0 0">Use any touch-tone telephone to transmit your voting
        instructions up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when
        you call and then follow the instructions.</P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 8pt 0.8pt 0 0"><b>VOTE BY MAIL</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 4pt 0.8pt 0 0">Mark, sign and date your proxy card and return it
        in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.</P></td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 58%; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 2%; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="width: 40%; font-size: 12pt; line-height: 115%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt; font-size: 10pt; line-height: 115%"><font style="font-size: 7.5pt">TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:</font></td>
    <td style="padding-right: 0.8pt; font-size: 10pt; line-height: 115%">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right; font-size: 10pt; line-height: 115%"><font style="font-size: 7.5pt">KEEP&nbsp;THIS&nbsp;PORTION&nbsp;FOR&nbsp;YOUR&nbsp;RECORDS</font></td></tr>
</table>
<P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;
&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;
&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;
&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;</P>

<P STYLE="font: 7.5pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right">DETACH AND RETURN THIS PORTION ONLY</P>

<P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><B>THIS&nbsp;&nbsp;&nbsp;&nbsp;PROXY&nbsp;&nbsp;&nbsp;&nbsp;CARD&nbsp;&nbsp;&nbsp;&nbsp;IS&nbsp;&nbsp;&nbsp;&nbsp;VALID&nbsp;&nbsp;&nbsp;&nbsp;ONLY&nbsp;&nbsp;&nbsp;&nbsp;WHEN&nbsp;&nbsp;&nbsp;&nbsp;
SIGNED&nbsp;&nbsp;&nbsp;&nbsp;AND&nbsp;&nbsp;&nbsp;&nbsp;DATED.</B></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-top: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; border-top: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>For</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>All</b></P></td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; border-top: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>Withhold</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>All</b></P></td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; border-top: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>For&nbsp;All</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>Except</b></P></td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">To withhold authority to vote for any individual
        nominee(s), mark &ldquo;For All Except&rdquo; and write the number(s) of the nominee(s) on the line below.</P></td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 11pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 10pt; line-height: 115%"><font style="font-size: 8pt"><b>The Board of Directors recommends you vote FOR each of the following director nominees:</b></font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 10pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-top: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 11pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 11pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: bottom; border-left: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0 8pt"><b>1.</b></P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">Election of Directors Nominees</P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom">
<!-- Field: Rule-Page --><div align="left" style="margin: 1pt 0.8pt 1pt 0in"><div style="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</div></div><!-- Field: /Rule-Page --></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="20" style="border-right: black 1.5pt solid; padding-right: 17.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt">01</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="19" style="vertical-align: top; border-right: black 1.5pt solid; padding-right: 16.8pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt">Raymond E. Cabillot&nbsp;&nbsp;&nbsp;&nbsp;02&nbsp;&nbsp;William J. Farrell III&nbsp;&nbsp;&nbsp;&nbsp;03&nbsp;&nbsp;David C. Hovda&nbsp;&nbsp;&nbsp;&nbsp;04&nbsp;&nbsp;Nicholas J. Swenson&nbsp;&nbsp;&nbsp;&nbsp;05&nbsp;&nbsp;Richard L. Van Kirk</font></td></tr>
<tr>
    <td colspan="11" style="border-left: black 1.5pt solid; padding-right: 3.3pt; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 10pt; line-height: 115%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="11" style="border-left: black 1.5pt solid; padding-right: 3.3pt; padding-left: 7.5pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>The Board of Directors recommends you vote FOR each of the proposals 2 and 3.</b></font></td>
    <td style="padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>For</b></font></td>
    <td style="padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>Against</b></font></td>
    <td style="padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>Abstain</b></font></td>
    <td colspan="2" style="padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="10" style="font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>2.</b></font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="9" style="vertical-align: top; padding-right: 8.8pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt">To ratify the appointment of Moss Adams, LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2016.</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="11" style="border-left: black 1.5pt solid; padding-right: 3.3pt; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>3.</b></font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="9" style="vertical-align: top; padding-right: 8.8pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt">Advisory vote to approve the compensation of our Named Executive Officers.</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 0.8pt; text-align: center; font-size: 8pt; line-height: 115%"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="11" style="border-left: black 1.5pt solid; padding-right: 3.3pt; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="11" style="vertical-align: top; border-left: black 1.5pt solid; padding-right: 3.3pt; padding-left: 7.5pt; font-size: 8pt; line-height: 115%"><font style="font-size: 8pt"><b>NOTE:</b> In their discretion, the proxies are authorized to vote upon such other business as may properly come before the meeting or any adjournment or postponement thereof.</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="9" style="border-left: black 1.5pt solid; padding-right: 1.3pt; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td colspan="9" style="vertical-align: top; border-left: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.3pt 0 7.5pt">Please sign exactly as your name(s) appear(s)
        hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should
        each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name,
        by authorized officer.</P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: 0.3pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="4" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 12pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="5" style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding-right: 1.05pt; padding-left: 0.75pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="border-top: black 1pt solid; border-right: black 1pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td colspan="4" style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding-right: 1.05pt; padding-left: 0.75pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="border-top: black 1pt solid; border-right: black 1pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="4" style="border-right: black 1.5pt solid; padding-right: 1.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1.5pt solid; padding-right: 0.05pt; padding-left: 0.75pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="4" style="vertical-align: bottom; border-bottom: black 1.5pt solid; border-right: black 1pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; border-right: black 1pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1.5pt solid; padding-right: 0.05pt; padding-left: 0.75pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="3" style="vertical-align: bottom; border-bottom: black 1.5pt solid; border-right: black 1pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; border-right: black 1pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: -5.7pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; border-bottom: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="4" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">Signature [PLEASE SIGN WITHIN BOX]</P></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Date</P></td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">Signature (Joint Owners)</td>
    <td colspan="3" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"></P></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%; text-align: right">Date&nbsp;</td>
    <td colspan="1" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">&nbsp;</P></td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: -5.7pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 28%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 3%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 8%">&nbsp;</td>
    <td style="width: 4%">&nbsp;</td>
    <td style="width: 6%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 18%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 5%">&nbsp;</td>
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    <td style="width: 7%">&nbsp;</td>
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    <td style="width: 1%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td></tr>
</table>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 1pt 0in 1pt 0.7pt"><DIV STYLE="font-size: 1pt; border-top: gray 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 4in 0 0"><B>Important Notice Regarding the Availability of Proxy Materials
for the Annual Meeting:</B> The proxy statement, shareholder letter, proxy card and Annual Report on Form 10-K are available
at <U>www.proxyvote.com</U>.</P>

<P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;
&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;
&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;
&mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash; &mdash;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="width: 90%; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; width: 1%; font-size: 12pt; line-height: 115%">&nbsp;</td>
    <td style="width: 4%; font-size: 12pt; line-height: 115%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-top: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-top: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>PRO-DEX, INC.</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>Annual Meeting of Shareholders</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>December 3, 2015 9:30 AM</b></P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: center"><b>This proxy is solicited
        by the Board of Directors</b></P></td>
    <td style="border-top: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-top: black 1.5pt solid; border-right: black 1.5pt solid; padding-right: -5.7pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 30pt 0.8pt 0 0">The undersigned hereby appoints Richard L. Van Kirk
        as attorney and proxy, with full power of substitution, to represent and vote, as designated below, all shares of Common Stock
        of Pro-Dex, Inc. held of record by the undersigned on October 8, 2015, at the Annual Meeting of Shareholders to be held at Pro-Dex,
        Inc., 2361 McGaw Avenue, on December 3, 2015, at 9:30 a.m., local time, and at any and all adjournments or postponements thereof.</P>
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 10pt 0.8pt 0 0"><b>This proxy, when properly executed, will be voted
        in the manner directed herein by the undersigned shareholder. If no direction is made, this proxy will be voted &ldquo;FOR&rdquo;
        each of the director nominees in proposal 1, and &ldquo;FOR&rdquo; each of the proposals 2 and 3.</b></P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="vertical-align: bottom; border-right: black 1.5pt solid; padding-right: -5.7pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 7.5pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-bottom: black 1.5pt solid">
        <P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 50pt 0.8pt 0 0; text-align: center"><b>Continued and to be signed
        on reverse side</b></P></td>
    <td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-size: 8pt; line-height: 115%">&nbsp;</td>
    <td style="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding-right: -5.7pt; font-size: 8pt; line-height: 115%">&nbsp;</td></tr>
</table>


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</DOCUMENT>
</SEC-DOCUMENT>
