Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1436

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7A
Chunk 1436
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 directors, senior management, and employees. A copy of the insider trading policy is filed as an exhibit to this Annual Report.

Limitation
on Liability and Indemnification Matters

The
DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their shareholders for monetary
damages for breaches of directors’ fiduciary duties, subject to certain exceptions. Our Certificate of Incorporation includes a
provision that eliminates the personal liability of directors for monetary damages for any breach of fiduciary duty as a director to
the fullest extent permitted by the DGCL as the same exists or as may hereafter be amended from time to time. The effect of these provisions
is to eliminate the rights of us and our shareholders, through shareholders’ derivative suits on our behalf, to recover monetary
damages from a director for breach of fiduciary duty as a director, including breaches resulting from grossly negligent behavior. However,
exculpation does not apply to any director if the director has acted in bad faith, knowingly or intentionally violated the law, authorized
illegal dividends or redemptions or derived an improper benefit from his or her actions as a director.

Our
Certificate of Incorporation permits and the Bylaws obligates us to indemnify, to the fullest extent permitted by the DGCL, any director
or officer of us who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (a “Proceeding”) by reason of the fact that he or she is or was
a director or officer of us or is or was serving at the request of us as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts
paid in settlement actually and reasonably incurred by such person in connection with any such Proceeding. We will not be obligated to
indemnify a person in connection with a Proceeding (or part thereof) initiated by such person unless the Proceeding (or part thereof)
was, or is, authorized by the Board, and the Board determines to provide the indemnification, or is otherwise required by applicable
law. In addition, the Bylaws require that we, to the fullest extent permitted by law, pay, in advance of the final disposition of a Proceeding,
expenses (including attorneys’ fees) actually and reasonably incurred by an officer