Hello Anish Nesarkar ,
Please execute "flex-builder -i mkrfs -a arm64" first, then execute "flex-builder -i merge-component -a arm64".
Please refer to the following procedure.
1. Generate Ubuntu arm64 userland
$ flex-builder -i mkrfs -a arm64
2. Extract app components or kernel modules
$ tar xvzf app_components_LS_arm64.tgz -C build/apps
$ sudo tar xvzf lib_modules_LS_arm64_<kernel_version>.tgz -C build/rfs/rootfs_ubuntu_bionic_LS_arm64/lib/modules
3. Merge all components packages and kernel modules into target userland and compress ubuntu arm64 rootfs as .tgz tarball
$ flex-builder -i merge-component -a arm64
$ flex-builder -i compressrfs -a arm64
Thanks,
Yiping