Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 54

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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igenicsAI on the Closing Date, free and clear of all liens, an aggregate number of Company Shares
(at a price per Company Share of $10) resulting from dividing the amount of such capital contribution in cash by ten (10) (rounded down
to the nearest whole Company Share); and/or (ii) causing SPAC Shareholders who have elected to exercise their SPAC Shareholder Redemption
Rights to (A) irrevocably reverse their exercise of the SPAC Shareholder Redemption Rights and not redeem (“Redemption Reversals”),
and, (B) transfer all their respective rights, title and interest in all SPAC Ordinary Shares subject to Redemption Reversals, directly
or indirectly, to Theo.

The foregoing description
of the Backstop Agreement is qualified in its entirety by reference to the full text of the Backstop Agreement, copy of which is included
as an exhibit to this Quarterly Report.

Registration Rights and Lock-Up Agreement

At the Closing, OmnigenicsAI,
Parent, the Company, the Templar Sponsor, certain shareholders of the Company and Parent, the MultiplAI Shareholders and the OmnigenicsAI
Heritas Key Personnel (as defined in the Registration Rights and Lock-Up Agreement) will enter into the Registration Rights
and Lock-Up Agreement pursuant to which, among other things, the holders of the Registrable Securities (as defined in the Registration
Rights and Lock-Up Agreement) shall have customary demand and piggyback registration rights in connection with the Company Shares
held by such holders. Additionally, the Company Shares held by each party to the Registration Rights and Lock-Up Agreement will,
subject to certain exceptions, be subject to a lock-up until (i) the date that is twelve (12) months from the Closing
Date, and (ii) such date on which the Company completes a liquidation, merger, share exchange or other similar transaction that results
in all of the shareholders of the Company having the right to exchange their Company Shares for cash, securities or other property, provided
that if the share price of the Company Shares exceeds $12.00 per Company Share (as adjusted for share splits, dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-day trading period, 50% of the Company Shares held by
any given party to the Registration Rights and Lock-Up