(ii) prior to 5:00 p.m., Eastern Time, on November 7, 2022 (two business days prior to
the vote at the Extraordinary General Meeting), (a) submit a written request to Continental Stock Transfer & Trust Company (Continental), the Companys transfer agent, that the Company redeem your public shares for
cash and (b) deliver your public shares to the transfer agent, physically or electronically through The Depository Trust Company, in each case in accordance with the procedures and deadlines described in the Proxy Statement. In order to
validly redeem your public shares, you must identify yourself as a beneficial holder and provide your legal name, phone number and address in your written demand to Continental. If you hold the shares in street name, you will need to instruct the
account executive at your bank or broker to withdraw the shares from your account and to identify you as the beneficial holder in order to exercise your redemption rights.
10X and African Agriculture publicly announced the Business Combination and entry into the Non-Redemption Agreements
in a Current Report on Form 8-K, filed by 10X with the SEC on November 3, 2022 (the Form 8-K).
You are encouraged to review the Form 8-K and the exhibits attached thereto in connection with your consideration of
the proposals included in the Proxy Statement, including the Extension Proposal.
About 10X
10X is a blank check company incorporated as a Cayman Islands exempted company on February 10, 2021. 10X was formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. 10Xs Sponsor is 10X Capital SPAC Sponsor II LLC, a Cayman Islands limited liability company. The Sponsor
is controlled by its manager, 10X Capital Advisors, LLC (the Manager). Hans Thomas, 10Xs Chief Executive Officer and Chairman of the Board, and David Weisburd, 10Xs Chief Operating Officer, Head of Origination and a
member of 10Xs board of directors, are the managing members of the Manager. 10Xs securities are traded on The Nasdaq Stock Market LLC under the ticker symbols VCXAU, VCXA and VCXAW. Learn more at
https://www.10xcapital.com/.
Participants in Solicitation
10X and its directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of
proxies of 10X shareholders in connection with the Extension Proposal. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of 10Xs directors and officers in the Proxy Statement,
which may be obtained free of charge from the sources indicated above.
Forward-Looking Statements
This Supplement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than
statements of historical fact included in this Supplement including, without limitation, regarding 10Xs financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements.
Words such as expect, believe, anticipate, intend, estimate, seek and variations and similar words and expressions are intended to identify such forward-looking statements. Such
forward-looking statements relate to future events or future performance, but reflect managements current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ
materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking
statements, please refer to the Risk Factors section of 10Xs Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 30, 2022,
10Xs subsequent Quarterly Reports on Form 10-Q and elsewhere in 10Xs filings with the SEC. 10Xs securities filings can be accessed on the EDGAR section of the SECs website
at www.sec.gov. Except as expressly required by applicable securities law, 10X disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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