Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 107

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 107
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 He, Ms.
Yingmei Yang, Mr. Poi (Paul) Wu, and Fuya (Frank) Zheng to serve as directors. Mr. Fred Chang has nominated Mr. Fred Chang, Mr. Gregory
Moore and Mr. Richard Weil to serve as directors.

Duties of Directors

Under British Virgin Islands law, our directors
have duties to act honestly, in good faith and with a view to our best interests. Our directors also have a duty to exercise the care,
diligence and skills that a reasonably prudent person would exercise in comparable circumstances. In fulfilling their duty of care to
us, our directors must oversee the Company, including our compliance with our Amended and Restated Memorandum and Articles of Association.
We have the right to seek damages if a duty owed by our directors is breached. The functions and powers of our board include, among others:

  appointing officers and determining the term of office of the officers;  

  authorizing the payment of donations to religious, charitable, public or other bodies, clubs, funds or associations as deemed advisable;  

  exercising the borrowing powers of the Company and mortgaging the property of the Company;  

  executing checks, promissory notes and other negotiable instruments on behalf of the Company; and  

  maintaining or registering a register of mortgages, charges or other encumbrances of the Company.  

Limitation of Director and Officer Liability

British Virgin Islands law does not limit the
extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except
to the extent any such provision may be held by the British Virgin Islands courts to be contrary to public policy, such as to provide
indemnification against civil fraud or the consequences of committing a crime.

Under our Amended and Restated Memorandum and
Articles of Association, we may indemnify our directors, officers and liquidators against all expenses, including legal fees, and against
all judgments, fines and amounts paid in settlement and reasonably incurred in connection with civil, criminal, administrative or investigative
proceedings to which they are party or are threatened to be made a party by reason of their acting as our director, officer or liquidator.
To be entitled to indemnification, these persons must have acted honestly and in good faith with a view to the best interest of the Company
and, in the case of criminal proceedings, they must have had no reasonable cause to believe their conduct was unlawful.

We have entered into