Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 34

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 34
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            90 |     |   |            - |
| Income tax payables                            |     |   |            59 |     |   |           74 |
| Accrued transaction costs                      |     |   |            13 |     |   |           13 |
| Accrued sales and other indirect taxes payable |     |   |             8 |     |   |           12 |
| Accrued liabilities                            |     | $ |         1,666 |     | $ |        1,452 |

<div align='center'>21

CXAPP INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Financed Director & Officers Insurance

The Company entered into a Directors & Officers (“D&O”) insurance agreement with Oakwood D&O Insurance, effective
on March 14, 2024. The agreement states that the Company will pay a total of $310 thousand in premiums at an annual percentage rate of
9.5%. The first of ten monthly separate installment payments begin on April 14, 2024. The Company paid a down payment on the policy of $85 thousand. As of September 30, 2024 (Successor), the Company currently owes $91 thousand on the D&O insurance policy.

NOTE 9 – Promissory Note

Note payable consisted of the following (in thousands):

| Promissory note  |                                     |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-----------------|:------------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Principal amount |                                     |     | $ |         3,885 |     | $ |        3,885 |
| Less:            | Unamortized original issue discount |     |   |           181 |     |   |          834 |
|                  | Unamortized debt issuance cost      |     |   |             3 |     |   |           14 |
|                  |                                     |     |   |         3,701 |     |   |        3,037 |
| Add:             | Interest                            |     |   |           311 |     |   |           16 |
|                  | Accrued monitoring fee              |     |   |           408 |