Company: XTIA
Filing Date: 2025-02-14
Form Type: S-8
Source: 0001213900-25-014322
Chunk: 6

Company: XTI Aerospace, Inc.
Filing Date: 2025-02-14
Form: S-8
Chunk 6
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 subsection do not affect any rights to advancement of expenses to which corporate
personnel other than directors or officers may be entitled under any contract or otherwise by law.

(3) The indemnification pursuant
to NRS 78.751 and NRS 78.7502 and the advancement of expenses authorized in or ordered by a court pursuant to this section: (a) does not
exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled under the articles of incorporation
or any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, for either an action in the person’s official
capacity or an action in another capacity while holding office, except that indemnification, unless ordered by a court pursuant to NRS
78.7502 or for the advancement of expenses made pursuant to NRS 78.751(2), may not be made to or on behalf of any director or officer
finally adjudged by a court of competent jurisdiction, after exhaustion of any appeals taken therefrom, to be liable for intentional misconduct,
fraud or a knowing violation of law, and such misconduct, fraud or violation was material to the cause of action; and (b) continues for
a person who has ceased to be a director, officer, employee or agent and inures to the benefit of the heirs, executors and administrators
of such a person.

<div align='center'>II-3</div>

(4) Unless the articles of
incorporation, the bylaws or an agreement made by a corporation provide otherwise, if a person is entitled to indemnification or the advancement
of expenses from the corporation and any other person, the corporation is the primary obligor with respect to such indemnification or
advancement.

(5) A right to indemnification
or to advancement of expenses arising under a provision of the articles of incorporation or any bylaw is not eliminated or impaired by
an amendment to such provision after the occurrence of the act or omission that is the subject of the civil, criminal, administrative
or investigative action, suit or proceeding for which indemnification or advancement of expenses is sought, unless the provision in effect
at the time of such act or omission explicitly authorizes such elimination or impairment after such act or omission has occurred.

NRS 78.752 empowers a corporation
to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or
is or was serving at the request