Termination Agreement for Administrative Services between APx Acquisition Corp. I and APx Cap Sponsor Group I, LLC
APx Acquisition Corp. I and APx Cap Sponsor Group I, LLC have agreed to terminate their Administrative Services Agreement, effective August 30, 2023. As part of this termination, APx Cap Sponsor Group I, LLC will forgive and discharge all outstanding fees owed under the original agreement. Both parties have signed to confirm that the previous agreement is no longer in effect as of the stated date.
Exhibit 10.1
APX ACQUISITION CORP. I
Juan Salvador Agraz 65
Contadero, Cuajimalpa de Morelos
05370, Mexico City, Mexico
August 30, 2023
APx Cap Sponsor Group I, LLC
Juan Salvador Agraz 65
Contadero, Cuajimalpa de Morelos
05370, Mexico City, Mexico
Re: Termination of the Administrative Services Agreement
To the above-referenced party:
Reference is made to the Administrative Services Agreement by and between APx Acquisition Corp. I (the “Company”) and APx Cap Sponsor Group I, LLC (the “Provider”), dated December 6, 2021 (the “Services Agreement”). The Company wishes to terminate the Services Agreement effective as of the date hereof. By signing below, parties have agreed that the Services Agreement shall be of no further force or effect as of or after the date hereof.
In consideration of the terms of this letter and other valuable consideration, the Provider agrees to forgive and fully discharge all fees that are outstanding under the Services Agreement as of the date hereof.
| APX ACQUISITION CORP. I | ||
| By: | /s/ Daniel Braatz | |
| Name: | Daniel Braatz | |
| Title: | Chief Executive Officer | |
Agreed and Accepted by:
APX CAP SPONSOR GROUP I, LLC
| By: | /s/ Daniel Braatz | |
| Name: | Daniel Braatz | |
| Title: | Managing Member |
