Franklin Wireless adopts indemnification agreements for all directors and officers

FRANKLIN WIRELESS CORP

Board approved form of Indemnification Agreement on Oct 2, 2024; authorized entry with each director and officer.
Agreements require company to indemnify for attorneys' fees, judgments, fines, and settlements arising from service.
Company will advance legal expenses before final disposition of claims, subject to repayment if indemnification later denied.
After a Change in Control, Independent Legal Counsel selected by Indemnitee will evaluate indemnification claims.

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