Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 124

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 6
Chunk 124
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 initial salary of US$3,000 for the period from
December 6, 2022 to the date of the closing of the IPO (the “ Initial Period”) (ii) after the Initial Period, payment of a
monthly salary of US$3,000, subject to the adjustment determined by the compensation committee and/or the board, payable at the end of
each month; (iii) a discretionary performance bonus determined by the compensation committee and/or the board at the end of the fiscal
year and (iv) either party shall have the right to terminate the agreement by giving to the other party not less than six months’
notice in writing. This agreement was terminated as of December 12, 2024.

Indemnification Agreements

We have
entered into indemnification agreements with each of our newly appointed directors and executive officers. Under these agreements, we
agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection
with claims made by reason of their being a director or officer of our Company.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling
us under the foregoing provisions, we have been informed that, in the opinion of the SEC, such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable.

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Item 7. Major Shareholders and Related Party Transactions