Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 681

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 681
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 Financial Officer. Pursuant to the Loundermon Consulting Agreement, following the Closing, Ms. Loundermon agreed to provide
consulting services to the Company for one year or until earlier termination in accordance with its terms (the “Loundermon Consulting
Period”). As compensation for Ms. Loundermon’s consulting services, the Company agreed to pay her (i) $83,333 per month for
the first six months of the Loundermon Consulting Period for services she performs on an as-needed basis during the Loundermon Consulting
Period regarding the transition of the management of the Company’s financial reporting function to ensure continuity of business
operations, and (ii) $300 per hour for services performed on an as needed basis regarding the preparation and filing of Company’s
public company financial reporting and compliance matters including accounting, payroll, audit and tax compliance functions. During the
year ended December 31, 2024, the Company owed Ms. Loundermon accrued consulting fees of $0.5 million pursuant to the Loundermon Consulting
Agreement. Pursuant to the Settlement Agreement, on March 31, 2025, the Company repaid the remaining consulting compensation obligation
of approximately $0.3 million owed to Ms. Loundermon.

Solutions
Divestiture

Grafiti
Group Equity Purchase Agreement

On February 21, 2024,
Inpixon completed the disposition of the remaining portion of the Shoom, SAVES, and GYG business lines and assets (the “Grafiti
Group Divestiture”) in accordance with the terms and conditions of an Equity Purchase Agreement, dated February 16, 2024,
by and among Inpixon (“Seller”), Grafiti LLC, and Grafiti Group LLC (an entity controlled by Nadir Ali, who was then the
Company’s CEO and a director) (“Buyer”) (the “Equity Purchase Agreement”). Pursuant to the terms of the
Equity Purchase Agreement, Buyer acquired from 100% of the equity interest in Grafiti LLC, including the assets and liabilities primarily
relating to Inpixon’s SAVES, Shoom and Game Your Game business, including 100% of the equity interests of Inpixon India, Grafiti
GmbH (previously Inpixon GmbH) and Game Your Game, Inc. from the Company for a minimum purchase price of $1.0 million paid in two
annual cash installments of $