Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 326

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 326
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 the termination of the MultiplAI Share Purchase Agreement were paid. 157 Except as set forth above, no other terms of the Business Combination have been modified, and we and APx intend to complete the combination of our businesses (without the acquisition of MultiplAI) as set forth in the Business Combination Agreement. Prior to the Notice of Termination and MultiplAI SPA Termination Agreement, the MultiplAI Share Purchase Agreement originally provided for the MultiplAI Shares to be sold by the MultiplAI Shareholders with full title guarantee free from encumbrances and together with all rights and advantages attaching to them as at closing. Immediately following the SPAC Shareholders’ Approval, the Parent would have the option, exercisable in its sole discretion to have all of the equity related agreements and convertible securities executed by MultiplAI with third parties either (i) convert into MultiplAI ordinary shares and immediately upon the issuance of such MultiplAI ordinary shares, such agreements and securities, as well as any related or ancillary documents or agreements, shall automatically and immediately be terminated and will be of no further force or effect, and all security interests, mortgages, pledges, charges and other encumbrances arising or deriving therefrom shall automatically and immediately be released without representation, warranty or recourse, or (ii) be assigned and transferred to the Parent, together with all related or ancillary documents or agreements, on or prior to Closing in exchange for the number of ordinary shares of Parent set forth in the MultiplAI Share Purchase Agreement. On the date that the SPAC Shareholders’ Approval would be obtained, all options issued or granted by MultiplAI under all existing share option or similar option schemes of MultiplAI would be automatically, irrevocably and immediately exercised, and each holder thereof shall exercise such options for MultiplAI ordinary shares (to the extent possible on a cashless basis) and MultiplAI would issue such MultiplAI ordinary shares to such option holders; provided, however, that each such option holder might instead elect to have their options lapse by providing Parent and MultiplAI prior written notice. Immediately following such issuance of MultiplAI ordinary shares to the option holders that would have not elected to have their options lapse and, in the case of the option holders that would have elected to have their options lapse, on the date the SPAC Shareholders’ Approval is obtained, all options issued or granted by MultiplAI under all existing share option or similar option schemes of the MultiplAI to such option holders