<SEC-DOCUMENT>0001213900-26-052390.txt : 20260505
<SEC-HEADER>0001213900-26-052390.hdr.sgml : 20260505
<ACCEPTANCE-DATETIME>20260505181410
ACCESSION NUMBER:		0001213900-26-052390
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20260505
DATE AS OF CHANGE:		20260505

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Foxx Development Holdings Inc.
		CENTRAL INDEX KEY:			0002013807
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94631
		FILM NUMBER:		26945056

	BUSINESS ADDRESS:	
		STREET 1:		13284 POND SPRINGS RD
		STREET 2:		STE 405
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78729
		BUSINESS PHONE:		512-666-1277

	MAIL ADDRESS:	
		STREET 1:		13284 POND SPRINGS RD
		STREET 2:		STE 405
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Acri Capital Merger Sub I Inc.
		DATE OF NAME CHANGE:	20240229

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hua Joy Yi
		CENTRAL INDEX KEY:			0001913915
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	MAIL ADDRESS:	
		STREET 1:		6406 WOODBOURNE LN
		CITY:			CROZET
		STATE:			VA
		ZIP:			22932
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Hua Joy Yi -->
          <cik>0001913915</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



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  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <dateOfEvent>05/01/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0002013807</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>351665104</issuerCusipNumber>
        </issuerCusips>
        <issuerName>FOXX DEVELOPMENT HOLDINGS INC.</issuerName>
        <address>
          <com:street1>13575 Barranca Parkway C106</com:street1>
          <com:city>Irvine</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>92618</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Joy Yi Hua</personName>
          <personPhoneNum>201-962-5550</personPhoneNum>
          <personAddress>
            <com:street1>Foxx Development Holdings Inc.</com:street1>
            <com:street2>13575 Barranca Parkway C106</com:street2>
            <com:city>Irvine</com:city>
            <com:stateOrCountry>CA</com:stateOrCountry>
            <com:zipCode>92618</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001914031</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Acri Capital Sponsor LLC</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>2356250.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2356250.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>2356250.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>28.71</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>(1) Representing 1,156,250 shares of common stock, par value $0.0001 per share of the Issuer ("Common Stock"), and 1,200,000 warrants ("Warrants") exercisable for one share of Common Stock at an exercise price of $11.50 per share.

(2) Percentage is calculated based on 7,006,388 shares of the Common Stock outstanding as of May 1, 2026.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001913915</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Joy Yi Hua</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>2377942.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2377942.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>2377942.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>28.98</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>(3) Including (i) 21,692 shares of Common Stock held by Ms. Joy Yi Hua, and (ii) 1,156,250 shares of Common Stock, and 1,200,000 Warrants held by Acri Capital Sponsor LLC. Ms. Joy Yi Hua is the sole member and manager of Acri Capital Sponsor LLC and therefore is deemed to have voting and dispositive control over the securities held by Acri Capital Sponsor LLC.

(4) Percentage is calculated based on 7,006,388 shares of the Common Stock outstanding as of May 1, 2026.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.0001 per share</securityTitle>
        <issuerName>FOXX DEVELOPMENT HOLDINGS INC.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>13575 Barranca Parkway C106</com:street1>
          <com:city>Irvine</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>92618</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The securities to which this Amendment No. 1 to Schedule 13D relates are Common Stock, par value $0.0001 per share (the "Common Stock"), issued by Foxx Development Holdings Inc. (the "Issuer").</commentText>
      </item1>
      <item2>
        <filingPersonName>This statement is filed by Acri Capital Sponsor LLC, a Delaware limited liability company ("Sponsor LLC") and Joy Yi Hua ("Ms. Hua", with Sponsor LLC, the "Reporting Persons").</filingPersonName>
        <principalBusinessAddress>The principal business address of Sponsor LLC is 13284 Pond Springs Rd, Ste 405, Austin, Texas 78729. The principal business address of Ms. Hua is 6406 Woodbourne ln Crozet VA 22932.</principalBusinessAddress>
        <principalJob>Sponsor LLC is primarily involved in investment. Ms. Hua is the Chief Financial Officer and Chairwoman of the Board of Directors of the Issuer.</principalJob>
        <hasBeenConvicted>During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal and state securities laws or finding any violation with respect to such laws.</convictionDescription>
        <citizenship>The Sponsor LLC is a limited liability company incorporated in the State of Delaware. The Citizenship of Ms. Hua is USA.</citizenship>
      </item2>
      <item3>
        <fundsSource>The information set forth in Items 4 and 5 of this Schedule 13D are hereby incorporated by reference into this Item 3.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>On May 1, 2026, Sponsor LLC entered into a Securities Transfer Agreement with New Bay Capital Limited ("New Bay"), pursuant to which New Bay agreed to purchase 2,300,000 Warrants from Sponsor LLC at a purchase price of $0.11 per Warrant.

On May 1, 2026, Sponsor LLC entered into a Securities Transfer Agreement with BayRoad Holdings Limited ("BayRoad"), pursuant to which BayRoad agreed to purchase from Sponsor LLC (i) 635,000 shares of Common Stock at a purchase price of $4.60 per share and (ii) 2,500,000 Warrants at a purchase price of $0.11 per Warrant.

On May 1, 2026, Sponsor LLC entered into a Securities Transfer Agreement with Grazyna Plawinski Limited ( "Grazyna"), pursuant to which Grazyna agreed to purchase from Sponsor LLC (i) 365,000 shares of Common Stock at a purchase price of $4.60 per share and (ii) 1,843,923 Warrants at a purchase price of $0.11 per Warrant.

Except as set forth in this Item 4, none of the Reporting Persons has any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors (the "Board") or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure, including but not limited to, if the issuer is a registered closed-end investment company; (g) changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to any of those enumerated above.

The Reporting Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in clauses (a) through (j) in the preceding paragraph.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference.

Other than the disposition of the shares as reported in this Schedule 13D, no actions in the common stock were effected during the past sixty (60) days by the Reporting Persons.</percentageOfClassSecurities>
      </item5>
      <item6>
        <contractDescription>The information set forth in Items 4 of this Schedule 13D are hereby incorporated by reference into this Item 6.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Item 7 of the Schedule 13D is hereby amended by adding the following to the end of the section:

Exhibit No. Description

10.1 Securities Transfer Agreement, dated May 1, 2026, by and among Sponsor LLC and New Bay Capital Limited.

10.2 Securities Transfer Agreement, dated May 1, 2026, by and among Sponsor LLC and BayRoad Holdings Limited.

10.3 Securities Transfer Agreement, dated May 1, 2026, by and among Sponsor LLC and Grazyna Plawinski Limited.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Acri Capital Sponsor LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Joy Yi Hua</signature>
          <title>Joy Yi Hua/Manager and Sole Member</title>
          <date>05/05/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Joy Yi Hua</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Joy Yi Hua</signature>
          <title>Joy Yi Hua</title>
          <date>05/05/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea028330901ex10-1.htm
<DESCRIPTION>SECURITIES TRANSFER AGREEMENT, DATED MAY 1, 2026, BY AND AMONG SPONSOR LLC AND NEW BAY CAPITAL LIMITED
<TEXT>
<html>
<head>
     <title></title>
</head>
<body style="font: 10pt Times New Roman, Times, Serif">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>Exhibit 10.1</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES TRANSFER AGREEMENT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Securities Transfer
Agreement is dated as of __May 1____, 2026 (this &ldquo;<u>Agreement</u>&rdquo;), by and among Acri Capital Sponsor LLC, a Delaware
limited liability company (the &ldquo;<u>Seller</u>&rdquo;), and the party identified on the signature page&nbsp;hereto (the
&ldquo;<u>Buyer</u>&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Seller holds
certain shares of common stock, par value $0.0001 per share (the &ldquo;<u>Common Stock</u>&rdquo;) of Foxx Development Holdings, Inc.,
a Delaware corporation (the &ldquo;<u>Company</u>&rdquo;) and certain warrants (the &ldquo;<u>Warrants</u>&rdquo;) of the Company, each
exercisable for&nbsp;one&nbsp;share of Common Stock of the Company at an exercise price of $11.50&nbsp;per share;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on the terms and
subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyer and the Buyer wishes to acquire from
the Seller 2,300,000 Warrants.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;1. <b>Transfer
of Subject Securities</b>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   Subject
to the terms and conditions of this Agreement, the Seller hereby agrees to transfer to the Buyer and the Buyer agrees to acquire from
the Seller, 2,300,000 Warrants (the &ldquo;<u>Subject Securities</u>&rdquo;) at a purchase price of $0.11 per Warrant, for an aggregate
purchase price of $253,000 (the &ldquo;<u>Purchase Price</u>&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   The
closing (the &ldquo;<u>Closing</u>&rdquo;) shall occur remotely via the exchange of documents and signatures, on the date and time mutually
agreed by the Seller and the Buyer (the &ldquo;<u>Closing Date</u>&rdquo;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   At
the Closing, the Seller shall cause the Company deliver to the Buyer, against delivery by the Buyer of the Purchase Price, book-entry
statement of the Company showing the ownership of the Buyer of the Subject Securities. At the Closing, the Buyer shall deliver or cause
to be delivered to the Seller the Purchase Price by paying U.S. dollars by wire transfer as set forth in <u>Appendix A</u> enclosed herein.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;3. <b>Investment
Representations</b>. The Buyer hereby acknowledges that an investment in the Subject Securities involves certain significant risks. The
Buyer has no need for liquidity in its investment in the Subject Securities for the foreseeable future and is able to bear the risk of
that investment for an indefinite period. The Buyer acknowledges and hereby agrees that the Subject Securities (including the shares of
Common Stock underlying the Warrants) have not been registered under the Securities Act of 1933, as amended (the &ldquo;<u>Securities
Act</u>&rdquo;), or any state or other jurisdiction&rsquo;s securities laws and thus are &ldquo;restricted securities&rdquo; under Rule
144 of the Securities Act and will not be transferable under any circumstances unless registered by the Company in accordance with federal
and state securities laws or sold in compliance with an exemption under such laws.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Subject Securities are
being acquired solely for the Buyer&rsquo;s own account, for investment purposes only, and are not being purchased with a view to or for
the resale, distribution, subdivision or fractionalization thereof; and the Buyer has no present plans to enter into any contract, undertaking,
agreement or arrangement for such resale, distribution, subdivision or fractionalization. The Buyer has been given the opportunity to
(i)&nbsp;ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Subject Securities,
and the business and financial condition of the Company and (ii)&nbsp;obtain any additional information that the Seller possesses or can
acquire without unreasonable effort or expense that is necessary to assist the Buyer in evaluating the advisability of the purchase of
the Subject Securities and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to
the Company or its operations, financial condition or prospects. The Buyer is not relying on the Seller, the Company or their respective
officers, directors or advisors with respect to the legal, tax, economic or other considerations of the Buyer relating to the purchase
of the Subject Securities, and in regard to such considerations, the Buyer has relied on the advice of, or has consulted with, only its
own advisors. The Buyer is not purchasing the Subject Securities as a result of or subsequent to any advertisement, article, notice or
other communication published on the internet, in any newspaper, magazine or similar media or broadcast over television or radio, any
seminar or meeting, or any solicitation of a subscription by a person not previously known to it in connection with investments in securities
generally. The Buyer (i) has knowledge and experience in business and financial matters, prior investment experience, including investment
in securities that are non-listed, unregistered and/or not traded on a national securities exchange; (ii) recognizes the highly speculative
nature of the purchase of the Subject Securities; and (iii) is able to bear the economic risk that it hereby assumes. The Buyer is an
&ldquo;accredited investor&rdquo; as defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;4. <b>Representations
and Warranties</b>. Each of the parties hereto represents and warrants, to the other parties as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)   The
Seller has good and marketable title to the Subject Securities held by such Seller free and clear of all liens and encumbrances and that,
upon updating the records of ownership, the Buyer will have good and marketable title to the Subject Securities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)   Each
party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)   The
execution, delivery and performance by each party of this Agreement and the consummation of the transactions contemplated hereby have
been duly authorized by all necessary action on the part of such party, and do not violate, conflict with or result in any breach or contravention
of, or the creation of any lien under, any contractual obligation of such party, or any requirement under any law applicable to such party,
and do not violate any judgment, injunction, suit, award, decree or order of any nature of any governmental authority against, or binding
upon, such party, and (if such party is an entity) do not contravene the terms of such party&rsquo;s organizational documents, or any
amendment thereof.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)   No
approval, consent, compliance, exemption, authorization or other action by, or notice to or filing with, any governmental authority or
any other person, and no lapse of a waiting period under any applicable law, is necessary or required in connection with the execution,
delivery or performance by each party of this Agreement or the transactions contemplated hereby.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)   There
are no actions, suits, proceedings, claims, complaints, disputes, arbitrations or investigations pending or, to the knowledge of each
party, threatened, at law, in equity, in arbitration or before any governmental authority against such party purporting to enjoin or restrain
the execution, delivery or performance by such party of this Agreement or the transactions contemplated hereby; and</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)   This
Agreement has been duly executed and delivered by each party and will be valid and binding on such party and enforceable against such
party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or
conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless
of whether such enforceability is considered in a proceeding at law or in equity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. <b>Entire Agreement</b>.
This Agreement contains the entire agreement between the parties hereto in respect of the subject matter contained herein and supersedes
all prior agreements and understandings of the parties, oral and written, with respect to the subject matter contained herein.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. <b>Successors
and Assigns</b>. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither
party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. <b>Binding Effect;
Benefits</b>. This Agreement and all the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns; nothing in this Agreement, expressed or implied, is intended to confer on any persons other
than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or
by reason of this Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. <b>Amendment;
Waivers</b>. All modifications, amendments or waivers to this Agreement shall require the written consent of each of the party.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. <b>Dispute Resolution.
</b>The&nbsp;validity, interpretation, and performance&nbsp;of&nbsp;this Agreement shall be governed in all respects by&nbsp;the&nbsp;laws&nbsp;of&nbsp;the&nbsp;State&nbsp;of&nbsp;New&nbsp;York,
without giving effect to conflicts&nbsp;of&nbsp;law&nbsp;principles thereof.&nbsp;Any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution
in accordance with its International Arbitration Rules.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;10. <b>Counterparts</b>.
This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<i>Signature Page Follows</i>]</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have executed
this Agreement to be effective as of the date first set forth above.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><b>SELLER:</b></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>ACRI CAPITAL SPONSOR LLC</b></font></td>
    </tr>
  <tr style="vertical-align: top">
    <td style="width: 60%">&nbsp;</td>
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 35%">&nbsp;</td>
    </tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
    <td style="border-bottom: Black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Joy Yi Hua</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp; </font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joy Yi Hua</font></td>
    </tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manager</font></td>
    </tr>
  </table>
<p style="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&nbsp;</b></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td colspan="2"><b>BUYER:</b></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NEW BAY CAPITAL LIMITED</b></font></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
    </tr>
  <tr style="vertical-align: bottom">
    <td style="width: 60%">&nbsp;</td>
    <td style="padding-bottom: 1pt; width: 4%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
    <td style="border-bottom: Black 1.5pt solid; width: 36%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Shi Liu</font></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </font></td>
    </tr>
  <tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td colspan="2">Title:</td>
    </tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<i>Signature Page&nbsp;to Securities Transfer
Agreement</i>]</p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea028330901ex10-2.htm
<DESCRIPTION>SECURITIES TRANSFER AGREEMENT, DATED MAY 1, 2026, BY AND AMONG SPONSOR LLC AND BAYROAD HOLDINGS LIMITED
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES TRANSFER AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Securities Transfer Agreement
is dated as of __May 1____, 2026 (this &ldquo;<U>Agreement</U>&rdquo;), by and among Acri Capital Sponsor LLC, a Delaware limited liability
company (the &ldquo;<U>Seller</U>&rdquo;), and the party identified on the signature page&nbsp;hereto (the &ldquo;<U>Buyer</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Seller holds
certain shares of common stock, par value $0.0001 per share (the &ldquo;<U>Common Stock</U>&rdquo;) of Foxx Development Holdings, Inc.,
a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;) and certain warrants (the &ldquo;<U>Warrants</U>&rdquo;) of the Company, each
exercisable for&nbsp;one&nbsp;share of Common Stock of the Company at an exercise price of $11.50&nbsp;per share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on the terms and
subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyer and the Buyer wishes to acquire from
the Seller 635,000 shares of Common Stock and 2,500,000 Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;1. <B>Transfer
of Subject Securities</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;Subject
to the terms and conditions of this Agreement, the Seller hereby agrees to transfer to the Buyer and the Buyer agrees to acquire from
the Seller, (i) 635,000 shares of Common Stock (the &ldquo;<U>Subject Shares</U>&rdquo;) at a purchase price of $4.60 per share and (ii)
2,500,000 Warrants (the &ldquo;<U>Subject Warrants</U>&rdquo;, together with the Subject Shares, the &ldquo;<U>Subject Securities</U>&rdquo;)
at a purchase price of $0.11 per Warrant, for an aggregate purchase price of $3,196,000 (the &ldquo;<U>Purchase Price</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;The
closing (the &ldquo;<U>Closing</U>&rdquo;) shall occur remotely via the exchange of documents and signatures, on the date and time mutually
agreed by the Seller and the Buyer (the &ldquo;<U>Closing Date</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;At
the Closing, the Seller shall cause the Company deliver to the Buyer, against delivery by the Buyer of the Purchase Price, book-entry
statement of the Company showing the ownership of the Buyer of the Subject Securities. At the Closing, the Buyer shall deliver or cause
to be delivered to the Seller the Purchase Price by paying U.S. dollars by wire transfer as set forth in <U>Appendix A</U> enclosed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;3. <B>Investment
Representations</B>. The Buyer hereby acknowledges that an investment in the Subject Securities involves certain significant risks.
The Buyer has no need for liquidity in its investment in the Subject Securities for the foreseeable future and is able to bear the
risk of that investment for an indefinite period. The Buyer acknowledges and hereby agrees that the Subject Securities (including
the shares of Common Stock underlying the Warrants) have not been registered under the Securities Act of 1933, as amended (the
&ldquo;<U>Securities Act</U>&rdquo;), or any state or other jurisdiction&rsquo;s securities laws and thus are &ldquo;restricted
securities&rdquo; under Rule 144 of the Securities Act and will not be transferable under any circumstances unless registered by the
Company in accordance with federal and state securities laws or sold in compliance with an exemption under such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Subject Securities are
being acquired solely for the Buyer&rsquo;s own account, for investment purposes only, and are not being purchased with a view to or for
the resale, distribution, subdivision or fractionalization thereof; and the Buyer has no present plans to enter into any contract, undertaking,
agreement or arrangement for such resale, distribution, subdivision or fractionalization. The Buyer has been given the opportunity to
(i)&nbsp;ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Subject Securities,
and the business and financial condition of the Company and (ii)&nbsp;obtain any additional information that the Seller possesses or can
acquire without unreasonable effort or expense that is necessary to assist the Buyer in evaluating the advisability of the purchase of
the Subject Securities and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to
the Company or its operations, financial condition or prospects. The Buyer is not relying on the Seller, the Company or their respective
officers, directors or advisors with respect to the legal, tax, economic or other considerations of the Buyer relating to the purchase
of the Subject Securities, and in regard to such considerations, the Buyer has relied on the advice of, or has consulted with, only its
own advisors. The Buyer is not purchasing the Subject Securities as a result of or subsequent to any advertisement, article, notice or
other communication published on the internet, in any newspaper, magazine or similar media or broadcast over television or radio, any
seminar or meeting, or any solicitation of a subscription by a person not previously known to it in connection with investments in securities
generally. The Buyer (i) has knowledge and experience in business and financial matters, prior investment experience, including investment
in securities that are non-listed, unregistered and/or not traded on a national securities exchange; (ii) recognizes the highly speculative
nature of the purchase of the Subject Securities; and (iii) is able to bear the economic risk that it hereby assumes. The Buyer is an
&ldquo;accredited investor&rdquo; as defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;4. <B>Representations
and Warranties</B>. Each of the parties hereto represents and warrants, to the other parties as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;The
Seller has good and marketable title to the Subject Securities held by such Seller free and clear of all liens and encumbrances and that,
upon updating the records of ownership, the Buyer will have good and marketable title to the Subject Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;Each
party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;The
execution, delivery and performance by each party of this Agreement and the consummation of the transactions contemplated hereby have
been duly authorized by all necessary action on the part of such party, and do not violate, conflict with or result in any breach or contravention
of, or the creation of any lien under, any contractual obligation of such party, or any requirement under any law applicable to such party,
and do not violate any judgment, injunction, suit, award, decree or order of any nature of any governmental authority against, or binding
upon, such party, and (if such party is an entity) do not contravene the terms of such party&rsquo;s organizational documents, or any
amendment thereof&nbsp;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;No
approval, consent, compliance, exemption, authorization or other action by, or notice to or filing with, any governmental authority or
any other person, and no lapse of a waiting period under any applicable law, is necessary or required in connection with the execution,
delivery or performance by each party of this Agreement or the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;There
are no actions, suits, proceedings, claims, complaints, disputes, arbitrations or investigations pending or, to the knowledge of each
party, threatened, at law, in equity, in arbitration or before any governmental authority against such party purporting to enjoin or restrain
the execution, delivery or performance by such party of this Agreement or the transactions contemplated hereby; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;This
Agreement has been duly executed and delivered by each party and will be valid and binding on such party and enforceable against such
party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or
conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless
of whether such enforceability is considered in a proceeding at law or in equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. <B>Entire
Agreement</B>. This Agreement contains the entire agreement between the parties hereto in respect of the subject matter contained
herein and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter
contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. <B>Successors
and Assigns</B>. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns.
Neither party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. <B>Binding
Effect; Benefits</B>. This Agreement and all the provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns; nothing in this Agreement, expressed or implied, is intended to confer
on any persons other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations
or liabilities under or by reason of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. <B>Amendment;
Waivers</B>. All modifications, amendments or waivers to this Agreement shall require the written consent of each of the party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. <B>Dispute
Resolution. </B>The&nbsp;validity, interpretation, and performance&nbsp;of&nbsp;this Agreement shall be governed in all respects
by&nbsp;the&nbsp;laws&nbsp;of&nbsp;the&nbsp;State&nbsp;of&nbsp;New&nbsp;York, without giving effect to
conflicts&nbsp;of&nbsp;law&nbsp;principles thereof.&nbsp;Any controversy or claim arising out of or relating to this Agreement, or
the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution in accordance
with its International Arbitration Rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;10.&#9;<B>Counterparts</B>.
This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page Follows</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have executed
this Agreement to be effective as of the date first set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SELLER:</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ACRI CAPITAL SPONSOR LLC</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Joy Yi Hua</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Name:</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Joy Yi Hua</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Title:</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Manager</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BUYER:</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BAYROAD HOLDINGS LIMITED</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> /s/ Xingrong Han</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Name:</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Xingrong Han</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Title:</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page&nbsp;to Securities Transfer
Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B></B></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ea028330901ex10-3.htm
<DESCRIPTION>SECURITIES TRANSFER AGREEMENT, DATED MAY 1, 2026, BY AND AMONG SPONSOR LLC AND GRAZYNA PLAWINSKI LIMITED
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES TRANSFER AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Securities Transfer Agreement
is dated as of __May 1____, 2026 (this &ldquo;<U>Agreement</U>&rdquo;), by and among Acri Capital Sponsor LLC, a Delaware limited liability
company (the &ldquo;<U>Seller</U>&rdquo;), and the party identified on the signature page&nbsp;hereto (the &ldquo;<U>Buyer</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Seller holds
certain shares of common stock, par value $0.0001 per share (the &ldquo;<U>Common Stock</U>&rdquo;) of Foxx Development Holdings, Inc.,
a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;) and certain warrants (the &ldquo;<U>Warrants</U>&rdquo;) of the Company, each
exercisable for&nbsp;one&nbsp;share of Common Stock of the Company at an exercise price of $11.50&nbsp;per share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on the terms and
subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyer and the Buyer wishes to acquire from
the Seller 365,000 shares of Common Stock and 1,843,923 Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;1. <B>Transfer
of Subject Securities</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) Subject
to the terms and conditions of this Agreement, the Seller hereby agrees to transfer to the Buyer and the Buyer agrees to acquire from
the Seller, (i) 365,000 shares of Common Stock (the &ldquo;<U>Subject Shares</U>&rdquo;) at a purchase price of $4.60 per share and (ii)
1,843,923 Warrants (the &ldquo;<U>Subject Warrants</U>&rdquo;, together with the Subject Shares, the &ldquo;<U>Subject Securities</U>&rdquo;)
at a purchase price of $0.11 per Warrant, for an aggregate purchase price of $1,881,831.53 (the &ldquo;<U>Purchase Price</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) The
closing (the &ldquo;<U>Closing</U>&rdquo;) shall occur remotely via the exchange of documents and signatures, on the date and time mutually
agreed by the Seller and the Buyer (the &ldquo;<U>Closing Date</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) At
the Closing, the Seller shall cause the Company deliver to the Buyer, against delivery by the Buyer of the Purchase Price, book-entry
statement of the Company showing the ownership of the Buyer of the Subject Securities. At the Closing, the Buyer shall deliver or cause
to be delivered to the Seller the Purchase Price by paying U.S. dollars by wire transfer as set forth in <U>Appendix A</U> enclosed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;3. <B>Investment
Representations</B>. The Buyer hereby acknowledges that an investment in the Subject Securities involves certain significant risks. The
Buyer has no need for liquidity in its investment in the Subject Securities for the foreseeable future and is able to bear the risk of
that investment for an indefinite period. The Buyer acknowledges and hereby agrees that the Subject Securities (including the shares of
Common Stock underlying the Warrants) have not been registered under the Securities Act of 1933, as amended (the &ldquo;<U>Securities
Act</U>&rdquo;), or any state or other jurisdiction&rsquo;s securities laws and thus are &ldquo;restricted securities&rdquo; under Rule
144 of the Securities Act and will not be transferable under any circumstances unless registered by the Company in accordance with federal
and state securities laws or sold in compliance with an exemption under such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Subject Securities are
being acquired solely for the Buyer&rsquo;s own account, for investment purposes only, and are not being purchased with a view to or for
the resale, distribution, subdivision or fractionalization thereof; and the Buyer has no present plans to enter into any contract, undertaking,
agreement or arrangement for such resale, distribution, subdivision or fractionalization. The Buyer has been given the opportunity to
(i)&nbsp;ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Subject Securities,
and the business and financial condition of the Company and (ii)&nbsp;obtain any additional information that the Seller possesses or can
acquire without unreasonable effort or expense that is necessary to assist the Buyer in evaluating the advisability of the purchase of
the Subject Securities and an investment in the Company. The Buyer is not relying on any oral representation made by any person as to
the Company or its operations, financial condition or prospects. The Buyer is not relying on the Seller, the Company or their respective
officers, directors or advisors with respect to the legal, tax, economic or other considerations of the Buyer relating to the purchase
of the Subject Securities, and in regard to such considerations, the Buyer has relied on the advice of, or has consulted with, only its
own advisors. The Buyer is not purchasing the Subject Securities as a result of or subsequent to any advertisement, article, notice or
other communication published on the internet, in any newspaper, magazine or similar media or broadcast over television or radio, any
seminar or meeting, or any solicitation of a subscription by a person not previously known to it in connection with investments in securities
generally. The Buyer (i) has knowledge and experience in business and financial matters, prior investment experience, including investment
in securities that are non-listed, unregistered and/or not traded on a national securities exchange; (ii) recognizes the highly speculative
nature of the purchase of the Subject Securities; and (iii) is able to bear the economic risk that it hereby assumes. The Buyer is an
&ldquo;accredited investor&rdquo; as defined in Rule 501(a) of Regulation D promulgated by the Commission under the Securities Act.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;4. <B>Representations
and Warranties</B>. Each of the parties hereto represents and warrants, to the other parties as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) The
Seller has good and marketable title to the Subject Securities held by such Seller free and clear of all liens and encumbrances and that,
upon updating the records of ownership, the Buyer will have good and marketable title to the Subject Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) Each
party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) The
execution, delivery and performance by each party of this Agreement and the consummation of the transactions contemplated hereby have
been duly authorized by all necessary action on the part of such party, and do not violate, conflict with or result in any breach or contravention
of, or the creation of any lien under, any contractual obligation of such party, or any requirement under any law applicable to such party,
and do not violate any judgment, injunction, suit, award, decree or order of any nature of any governmental authority against, or binding
upon, such party, and (if such party is an entity) do not contravene the terms of such party&rsquo;s organizational documents, or any
amendment thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) No
approval, consent, compliance, exemption, authorization or other action by, or notice to or filing with, any governmental authority or
any other person, and no lapse of a waiting period under any applicable law, is necessary or required in connection with the execution,
delivery or performance by each party of this Agreement or the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) There
are no actions, suits, proceedings, claims, complaints, disputes, arbitrations or investigations pending or, to the knowledge of each
party, threatened, at law, in equity, in arbitration or before any governmental authority against such party purporting to enjoin or restrain
the execution, delivery or performance by such party of this Agreement or the transactions contemplated hereby; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) This
Agreement has been duly executed and delivered by each party and will be valid and binding on such party and enforceable against such
party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or
conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless
of whether such enforceability is considered in a proceeding at law or in equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. <B>Entire Agreement</B>.
This Agreement contains the entire agreement between the parties hereto in respect of the subject matter contained herein and supersedes
all prior agreements and understandings of the parties, oral and written, with respect to the subject matter contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. <B>Successors
and Assigns</B>. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither
party shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. <B>Binding Effect;
Benefits</B>. This Agreement and all the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns; nothing in this Agreement, expressed or implied, is intended to confer on any persons other
than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or
by reason of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. <B>Amendment;
Waivers</B>. All modifications, amendments or waivers to this Agreement shall require the written consent of each of the party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. <B>Dispute Resolution.
</B>The&nbsp;validity, interpretation, and performance&nbsp;of&nbsp;this Agreement shall be governed in all respects by&nbsp;the&nbsp;laws&nbsp;of&nbsp;the&nbsp;State&nbsp;of&nbsp;New&nbsp;York,
without giving effect to conflicts&nbsp;of&nbsp;law&nbsp;principles thereof.&nbsp;Any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution
in accordance with its International Arbitration Rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section&nbsp;10. <B>Counterparts</B>.
This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page Follows</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have executed
this Agreement to be effective as of the date first set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SELLER:</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ACRI CAPITAL SPONSOR LLC</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 35%">/s/ Joy Yi Hua</TD>
    <TD STYLE="width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joy Yi Hua</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manager</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BUYER:</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>GRAZYNA PLAWINSKI LIMITED</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Xiaohan Li</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Xiaohan Li</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page&nbsp;to Securities Transfer
Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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