Company: XTIA
Filing Date: 2025-09-11
Form Type: 8-K/A
Source: 0001213900-25-086879
Chunk: 7

Company: XTI Aerospace, Inc.
Filing Date: 2025-09-11
Form: 8-K/A
Chunk 7
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 incorporated herein by reference.

Entry into Side Letter with Michael A. Tapp

On September 5, 2025, the
Company entered into a side letter with Mr. Tapp, effective as of September 1, 2025 (the “Side Letter”), pursuant to which
the Company agreed that failure to move its headquarters to a location within the Executive Office Area on or before March 31, 2026 or
the movement of the Company’s headquarters at any time during the term of the Employment Agreement to any area outside of the Dallas-Fort
Worth metroplex area will constitute a material breach of a material term of the Employment Agreement. Pursuant to the Side Letter, the
Company also agreed to pay for or reimburse Mr. Tapp’s annual YPOi & chapter membership fees.

The foregoing description
of the Side Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Side Letter,
a copy of which is filed as Exhibit 10.4 to this Current Report on Form 8-K and is incorporated by reference herein.

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Item 9.01 Financial Statements and Exhibits.

| Exhibit No. 
 10.1+       
 10.2+       |     | Description                                                                                                                                                                                                                                                              
 Employment Agreement, dated September 1, 2025, by and between XTI Aerospace, Inc. and Michael A. Tapp (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the SEC on September 5, 2025).                                  
 Form of Indemnification Agreement (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K, filed with the SEC on March 15, 2024).                                                                                                         |
|:------------|:----|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.3+       |     | Form of Non-Qualified Stock Option Agreement pursuant to the Amended and Restated XTI Aerospace, Inc. 2018 Employee Stock Incentive Plan (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K, filed with the SEC on August 21, 2025). |
| 10.4+       |     | Side Letter, dated September 1, 2025, from XTI Aerospace, Inc. to Michael A. Tapp