Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1860

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1860
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) of the Securities Act of 1933,
as amended.

Amended and Restated Promissory Note 

On February 9, 2024, the Company and Templar
Sponsor amended and restated the Templar Note (the “Amended and Restated Note”), to increase the maximum principal amount
from $500,000 to $2,000,000 and to provide that, in addition to funding working capital needs, amounts under the Amended and Restated
Note may be used the purposes of making one or more payments to Continental Stock Transfer & Trust Company, a New York limited liability
trust company, as Extension Payments (as defined in the Company’s definitive proxy statement filed with the Securities and Exchange
Commission on November 29, 2023, as amended). Other than as set forth above, the terms of the Amended and Restated Note are identical
to those of the Templar Note. The issuance of the Amended and Restated Note was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act of 1933, as amended.

Related Party Policy 

The audit committee of our Board has adopted
a policy setting forth the policies and procedures for its review and approval or ratification of “related party transactions.”
A “related party transaction” is any consummated or proposed transaction or series of transactions: (i) in which the company
was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected to exceed) the lesser of $120,000 or 1% of
the average of the company’s total assets at year end for the prior two completed fiscal years in the aggregate over the duration
of the transaction (without regard to profit or loss); and (iii) in which a “related party” had, has or will have a direct
or indirect material interest. “Related parties” under this policy will include: (i) our directors, nominees for director
or officers; (ii) any record or beneficial owner of more than 5% of any class of our voting securities; (iii) any immediate family member
of any of the foregoing if the foregoing person is a natural person; and (iv) any other person who maybe a “related person”
pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant to the policy, the audit committee will consider (i) the relevant
facts and circumstances of each related party transaction,