Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 452

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 452
---
 on behalf of himself and his former and current affiliated entities, including 3AM, Grafiti LLC and Grafiti Group
(collectively, the “Ali Parties”) agreed to release the Company and each of its former and current subsidiaries, divisions,
affiliates, predecessors, successors, assigns, and its and their respective employees, officers, directors, shareholders, members, partners,
trustees, joint venturers, attorneys, agents, and representatives (collectively, the “XTI Parties”), from and with respect
to any and all claims, demands, causes of action, damages, obligations, liabilities, costs, and expenses of any kind or nature whatsoever
(collectively, “Ali Claims”), arising out of any obligations of the Company with respect to the Ali Consulting Agreement,
the Series 9 Purchase Agreement and the portion of the Bonus Plan relating to Ali, whether known or unknown, foreseen or unforeseen, that
the Ali Parties, or any of them, ever had, now have, or may have against the XTI Parties, or any of them, from the beginning of time through
and including the Completion Date (as defined below). As used in the Settlement Agreement, the term “Completion Date” means
the date on which the Company has delivered (i) the Series 9 Redemption Amount to Ali by wire transfer of immediately available funds;
(ii) the Deferred Amount to Ali by wire transfer of immediately available funds; (iii) the Outstanding Amount to Ali by wire transfer
of immediately available funds; (iv) the Former Management Payments to Loundermon and the recipients of the Bonus Plan Payments by wire
transfer of immediately available funds.

XTI Release. As of
the Effective Date, the XTI Parties agreed to release the Ali Parties from and with respect to any and all claims, demands, causes of
action, damages, obligations, liabilities, costs, and expenses of any kind or nature whatsoever (collectively, “XTI Claims”),
arising out of any obligations of the Ali Parties with respect to any obligation of the Ali Parties in connection with the payment of
the purchase price as set forth in the Equity Purchase Agreement, the Ali Consulting Agreement, the Series 9 Purchase Agreement and the
portion of the Bonus Plan relating to Ali, whether known or unknown, foreseen or unforeseen, that the XTI Parties, or any of them, ever
had, now have, or may have against the Ali Parties, or any of them, from the beginning of time through and