Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 493

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 493
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 Directors’ liability is joint and unlimited, meaning they are personally liable for damages caused by fraud, abuse of authority, or gross negligence. This includes violations of the law, bylaws, or regulations, as well as negligent decisions that harm the company, shareholders, or third parties. Joint liability extends to all directors, even if they did not actively participate in the harmful decision, unless they formally opposed it in writing. In cases of insolvency, directors must inform shareholders and take measures to avoid the company’s dissolution. Failure to do so can result in liability for damages to creditors. Precedent of the Argentine courts has established that directors must act diligently to avoid operating under insolvent conditions, protecting creditors’ interests. In the tax realm, directors can be jointly liable for the company’s tax debts if their negligence or fault in fulfilling tax obligations is proven. However, directors may be exempt from liability if they demonstrate that they were not involved in the decisions that led to the non -compliance. In customs matters, they are responsible for unpaid fines by the company, unless they prove they were not in office at the time of the violation. In the criminal sphere, directors may be liable for offenses such as fraudulent administration, falsification of financial statements, or breach of confidentiality, provided intent or gross negligence is proven. In labor law, directors’ joint liability is exceptional and requires evidence of fraud or simulation. Argentine courts tend to be restrictive in extending liability to directors unless there is clear evidence of abuse. In environmental matters, directors can be held accountable for environmental damage caused by the company, although there are few precedents in this regard. The trend in Argentina is toward greater responsibility in this area, especially with the increasing importance of environmental regulations. 267 Legal Matters The validity of the Company Shares to be issued in connection with the Business Combination will be passed upon by Ogier (Cayman) LLP and the material U.S. federal income tax consequences of the Business Combination will be passed upon by Greenberg Traurig, P.A. Experts The combined financial statements of OmnigenicsAI Corp as of June 30, 2024 and 2023, and for the years ended June 30, 2024 and 2023 included in this proxy statement/prospectus have been so included in reliance on the report (which contains an explanatory paragraph relating to OmnigenicsAI Corp’s ability to continue as a going concern as described in Note 1 to the combined financial statements) of Price Waterhouse & Co. S.R.L., an independent