Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 326

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 326
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plAI, the Company, and Parent entered into a binding term sheet for the Reseller License Agreement, pursuant to which MultiplAI will grant OmnigenicsAI an exclusive license to market certain products in Latin America through December 31, 2030. Concurrently with the Restructuring, Parent has agreed to contribute to OmnigenicsAI certain receivables owed by MultiplAI to Parent pursuant to certain loan agreements. This binding term sheet was entered into in the context of negotiations relating to the termination of the MultiplAI Share Purchase Agreement. The material terms of the binding term sheet set the following terms for the Reseller License Agreement. The main terms of the Reseller License Agreement are: •Exclusivity Rights: as part of this arrangement, OmnigenicsAI will pay a reseller access fee of $155,260 in consideration for exclusivity rights over the MultiplAI Products, effective on January1, 2025; 157 •Pilot Products: the remaining balance of the loan will provide OmnigenicsAI the option to receive 200 products annually for the first three years for pilot and sales initiatives, valued at a baseline price of $400 per unit, further reducing the remaining debt of $240,000 owed to Parent; •Sales Targets and Termination: OmnigenicsAI must meet minimum sales targets by the end of year three, with failure to achieve these allowing MultiplAI to terminate the Reseller License Agreement; •Territorial Exclusivity: the license grants OmnigenicsAI exclusive rights to Latin America, with a right of first offer for MultiplAI to commercialize in territories where OmnigenicsAI does not pursue the product; and •Joint Sales and Marketing Obligations: OmnigenicsAI will be responsible for building a regional sales infrastructure, and both companies will establish a sales committee to monitor progress against a jointly defined sales plan. See “ Unaudited Pro Forma Combined Financial Information — Adjustments to Unaudited Pro Forma Combined Statement of Financial Position as of June 30, 2024.” EarlyBird Engagement Letter On October 17, 2022, APx and EarlyBird entered into a business combination advisory agreement (the “BCAA”) and a placement agency agreement (the “Placement Agreement”). The BCAA provided for a fee to EarlyBird equal to $2,000,000 payable upon (and conditioned upon) the closing of a business combination, up to 25% of which would be credited to any amounts due under the Placement Agreement