Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 430

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 430
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, which extended the date by which the Company must consummate a business combination.

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

Certain Agreements Related to the Business Combination Agreement

MultiplAI Share Purchase Agreement 

On March 13, 2024, the Parent, MultiplAI and the holders (the
“MultiplAI Shareholders”) of ordinary shares, par value £0.0001, of MultiplAI and any other equity commitments or
equity securities of MultiplAI, including any securities or commitments convertible into, exchangeable or exercisable for, or
representing the right to subscribe for, any such ordinary shares of MultiplAI (such securities, the “MultiplAI Shares”)
entered into that certain amended and restated share purchase agreement (the “MultiplAI SPA”) relating to the sale and
purchase of all of the ordinary shares of MultiplAI and, if required under the MultiplAI SPA, all of the MultiplAI
Shareholders’ rights and interest in certain equity related agreements and convertible securities, as well as any related
ancillary documents or agreements.

On August 27, 2024, Parent, MultiplAI and the
MultiplAI Shareholders (with the consent of the Company) terminated the MultiplAI SPA.

7

Voting and Support Agreement 

Concurrently with the execution of the Business
Combination Agreement, the Company, Templar Sponsor, OmnigenicsAI and the Parent entered into a Voting and Support Agreement (the “Support
Agreement”), pursuant to which, among other things, the Templar Sponsor agreed to vote any of the Sponsor Current Shares (as defined
in the Support Agreement) and any SPAC Ordinary Shares held by the Sponsor in favor of the Proposed Business Combination, and Parent agreed
to vote any of the Parent Subject Shares (as defined in the Support Agreement) in favor of the Proposed Business Combination.

Additionally, the Support Agreement contains certain
covenants to be performed by the parties thereto following the Closing.

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

Backstop Agreement 

Concurrently with the execution of the Business
Combination Agreement, Theo I SCSp, a special limited partnership (