Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 635

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 635
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 Section 16 of the Securities Exchange Act of 1934, as amended (the
    “Exchange Act”), and defined in Rule 16a-1 thereunder);

    ●
    review,
    approve and recommend to the Board the annual profit-sharing contribution, aggregate number of equity grants and other benefits to
    be granted to all other employees;

    ●
    review,
    the management’s succession planning process in consultation with CEO, and provide report to the Board on Company’s leadership
    succession planning for the CEO and other executive officers, on annual basis; and

    ●
    ensure
    that a significant portion of executive compensation is reasonably related to the long-term interest of our stockholders.

A
copy of the charter of the Compensation Committee is available on our website at http://www.xtiaerospace.com (under “Investors/Governance/Governance
Documents”).

The
Compensation Committee may form and delegate a subcommittee consisting of one or more members to perform the functions of the Compensation
Committee. The Compensation Committee may engage outside advisers, including outside auditors, attorneys and consultants, as it deems
necessary to discharge its responsibilities. The Compensation Committee has sole authority to retain and terminate any compensation expert
or consultant to be used to provide advice on compensation levels or assist in the evaluation of director, President/Chief Executive
Officer or senior executive compensation, including sole authority to approve the fees of any expert or consultant and other retention
terms. In addition, the Compensation Committee considers, but is not bound by, the recommendations of our Chief Executive Officer with
respect to the compensation packages of our other executive officers.

Nominating
and Corporate Governance Committee

The
Nominating and Corporate Governance Committee, or the “Governance Committee,” consists of Tensie Axton and David Brody, each
of whom is “independent” as defined in section 5605(a)(2) of the Nasdaq Listing Rules. Ms. Axton is the Chairman of the Governance
Committee. The Nominating and Corporate Governance Committee met one (1) time during 2024. The role of the Governance Committee is to:

    ●
    evaluate
    from time to time the appropriate size (number of members) of the Board and recommend any increase or decrease;

    ●
    determine
    the desired skills and attributes of members of the Board, taking into account the needs of the business and listing standards;

    ●