Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 325

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 325
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 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, as well as any related or ancillary documents or agreements (including all share option agreements and share option certificates), would automatically and immediately be terminated and would be of no further force or effect. The holders of options issued or granted under all existing share option or similar option schemes of MultiplAI, MultiplAI and the Parent would cooperate in good faith until the date of the SPAC Shareholders’ approval to find an alternative arrangement reasonably acceptable to all parties; provided that such arrangement would not result, following the Closing, in such option holders having any rights, whether by ownership or otherwise, to any MultiplAI Shares. As consideration for the sale of the ordinary shares of MultiplAI, the MultiplAI Shareholders at the Closing would receive: (i) Parent’s ordinary shares pro rata to the number of MultiplAI’s ordinary shares held by each MultiplAI Shareholder at Closing and calculated in accordance with the MultiplAI Share Purchase Agreement, and (ii) if applicable, additional earn -outshares of the Parent, subject to the terms and conditions of the MultiplAI Share Purchase Agreement. The closing of the MultiplAI Acquisition was conditioned on the closing of the Business Combination. In connection with the MultiplAI Contribution, the Parent and the Company would enter into an agreement in form and substance reasonably satisfactory to SPAC providing for the contribution by the Parent of MultiplAI Shares to the Company in exchange for the 4,000,000 Company Shares. Reseller License Agreement On August 11, 2024, Multi