Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 586

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 586
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 is not automatically renewable and requires mutual agreement between both parties for any extensions.

F-86

Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 6.Leases (cont.) Under the terms of the lease, the Group is obliged to make lease payments on a monthly basis. However, for the first eight months of the lease (January to August 2024), CIBIC has agreed not to charge the Group for these lease obligations. Instead, these payments will be treated as an Additional In -KindFinancing Amount under the terms of Heritas Ltd.’s Simple Agreement for Future Equity (“SAFE”). This arrangement means that CIBIC has opted to receive shares of Heritas Ltd. in exchange for the lease provided to CIBIC during this period, rather than receiving direct payment for the lease obligations. This was recorded as a decrease in the lease liability and an increase in equity in share premium for the amount of the SAFE (US$29,200). For further details on the amounts of the lease payments, refer to note 20. Also, the Group leases office space to a third party called Compañia Insumos y Granos S.A., under a lease with an initial term of 36 months and which does not also renew automatically. The lease begins on January 1, 2024, and ends on December 31, 2027. Supplemental information regarding the lease is as follows:

|                                 |     | June 30, 
     2024 |   |     | June 30, 
     2023 |
|:--------------------------------|:----|---------:|:--|:----|---------:|
| Rights of use of asset          |     |          |   |     |          |
| Original value                  |     |          |   |     |          |
| Beginning of the year           |     |  150,688 |   |     |        — |
| Additions                       |     |  224,546 |   |     |  150,688 |
| Terminated leases               |     | (157,580 | ) |     |        — |
| Currency translation adjustment |     |    6,892 |   |     |        — |
| End of the year                 |     |  224,546 |   |     |  150,688 |
| Accumulated Amortization value  |     |          |   |     |          |
| Beginning of the year           |