Company: FOXX
Filing Date: 2025-11-21
Form Type: PRE 14A
Source: 0001213900-25-113635
Chunk: 24

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-21
Form: PRE 14A
Chunk 24
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 (including derivative securities, such as put or call options, or short -sellingtechniques) to hedge against potential changes in the value of our stock and (ii) holding our stock in margin accounts or pledging our stock as collateral for a loan. Indemnification of Directors and Officers Section 145 of the Delaware General Corporation Law (the “DGCL”) authorizes a court to award, or a corporation’s board of directors to grant, indemnity to directors and officers under certain circumstances and subject to certain limitations. The terms of Section 145 of the DGCL are sufficiently broad to permit indemnification under certain circumstances for liabilities, including reimbursement of expenses incurred, arising under the Securities Act. As permitted by the DGCL, the Company’s Charter contains provisions that eliminate the personal liability of its directors and officers for monetary damages for any breach of fiduciary duties in their role, except liability for the following: •any breach of the director’s or officer’s duty of loyalty to the Company or its stockholders; •any act or omission in bad faith or that involves knowing or intentional violation of law; •unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the DGCL; and •any transaction from which the director or officer derived an improper personal benefit. As permitted by the DGCL, the Company’s bylaws provide that: •the Company is required to indemnify its directors and officers to the fullest extent permitted by the DGCL, subject to limited exceptions; •the Company may indemnify its other employees and agents as set forth in the DGCL; •the Company is required to advance expenses, as incurred, to its directors and officers in connection with a legal proceeding to the fullest extent permitted by the DGCL, subject to limited exceptions; and •the rights conferred in the Company’s bylaws are not exclusive. We have entered into an indemnification agreement with each of our directors and executive officers that provides for indemnification to the maximum extent permitted by Delaware law. 18

EXECUTIVE COMPENSATION Executive Compensation We are an emerging growth company as such term is defined under the Exchange Act. This section discusses the material elements of compensation awarded to, earned by or paid to Foxx’s principal executive officer and other executive officers (other than our principal executive officer). Together, these officers are referred to as our “named executive officers” or “NEOs.” The Company has entered into employment agreements with each of its executive officers, pursuant to which each executive officer is