Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 72

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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Contractual Obligations

Administrative Services and Indemnification
Agreement

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement to pay the Sponsor up to $20,000 per month
for these services during the 24-month period to complete a Business Combination.

The Company agreed to indemnify and hold harmless
the Sponsor and its directors, officers, employees, principals, managers, partners, members, shareholders, equity holders, control persons,
affiliates, agents, advisors, consultants and representatives (the “Indemnitees”) from any claims, losses, liabilities, obligations,
causes of action, proceedings (whether pending or threatened), investigations, damages, awards, settlements, judgments, decrees, fees,
costs, penalties, amounts paid in settlement or expenses (including interest, assessments and other charges in connection therewith and
reasonable fees and disbursements of attorneys and other professional advisors and costs of suit) arising out of or relating to any pending
or threatened claim, action, suit, proceeding or investigation against any of them or in which any of them may be a participant or may
otherwise be involved (including as a witness) that arises out of or relates to (i) the Initial Public Offering of the Company’s
securities or the Company’s operations or conduct of its business (including, for the avoidance of doubt, a Business Combination),
or (ii) any claim against the Sponsor alleging any expressed or implied management or endorsement by the Sponsor of any activities of
the Company or any express or implied association between the Sponsor, on the one hand, and the Company or any of its affiliates, on the
other hand.

Underwriting Agreement

The Company granted the underwriters a 45-day
option from the date of the Initial Public Offering to purchase up to 4,500,000 additional Units to cover over-allotments, if any,
at the Initial Public Offering price less the underwriting discounts and commissions. On October 28, 2025, the underwriters partially
exercised their over-allotment option, purchased 4,470,000 Units as part of the closing of the Initial Public Offering and forfeited the
remaining unexercised balance of 30,000 Units on October 29, 2025.

The Underwriters were entitled to a cash underwriting
discount of $0.20 per Unit sold in the Initial Public Offering, or $