Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 69

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 69
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 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 his official
capacity or an action in another capacity while holding his office, except that indemnification, unless ordered by a court pursuant to
NRS 78.7502 or for the advancement of expenses made pursuant to subsection 2, may not be made to or on behalf of any director or officer
if a final adjudication establishes that his acts or omissions involved intentional misconduct, fraud or a knowing violation of the law
and 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.

Article X of our Bylaws, as amended, provides
that every person who was or is a party or is threatened to be made a party to or is involved in any action, suit, or proceeding, whether
civil, criminal, administrative or investigative, by reason of the fact that he or a person of whom he is the legal representative is
or was a director or officer of the Company or is or was serving at the request of the Company or for its benefit as a director or officer
of another corporation, or as its representative in a partnership, joint venture, trust, or other enterprise shall be indemnified and
held harmless to the fullest extent permissible by the Nevada Revised Statutes from time to time against all expenses, liability and loss
(including attorneys’ fees, judgments, fines, and amounts paid or to be paid in settlement) reasonably incurred or suffered by him
in connection therewith, except any expense or payments incurred in connection with any claim or liability established to have arisen
out of his own willful misconduct or gross negligence.

<div align='center'>II-2</div>

Item 15. Recent Sales of Unregistered Securities.

Set forth below is information
regarding all of the securities sold by us during the past three years which were not registered under the Securities Act. Except where
otherwise indicated, all share and per share data in this Item 15 give retroactive effect to the 1-for-100 reverse stock split of our
outstanding common stock effective on March 12, 2024 and the 1-for-250 reverse stock split of our outstanding common stock effective on
January 10, 2025, provided