Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 339

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 2
Chunk 339
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 There can be no assurance that the lender will agree to such a waiver or an amendment or that we will have
sufficient resources available to satisfy all of the obligations under the revolving credit facility if no waiver or amendment is obtained.

We may be unable to repay the Notes issued
in connection with the Acquisitions.

In connection with the Acquisitions,
XTI Drone Holdings issued (i) the Drone Nerds seller a promissory note in the original principal amount of $10,976,284.58 (the “DN
Note”) and (ii) the Anzu Robotics seller a promissory note in the original principal amount of $954,459.53 (the “AR Note”).
The principal of and interest on each Note will be payable as follows: (i) no later than November 30, 2025 (the “First Required
Payment Date”), the outstanding principal amount of each Note will be repaid in an amount equal to $3,680,000 with respect to the
DN Note and $320,000 with respect to the AR Note, together with all accrued and unpaid interest on each Note as of the First Required
Payment Date, (ii) no later than March 31, 2026 (the “Second Required Payment Date”), the outstanding principal amount of
each Note will be repaid in an amount equal to $1,840,000 with respect to the DN Note and $160,000 with respect to the AR Note, together
with all accrued and unpaid interest on each Note as of the Second Required Payment Date, (iii) no later than June 30, 2026 (the “Third
Required Payment Date”), the outstanding principal amount of each Note will be repaid in an amount equal to $1,380,000 with respect
to the DN Note and $120,000 with respect to the AR Note, together with all accrued and unpaid interest on each Note as of the Third Required
Payment Date, (iv) no later than September 30, 2026 (the “Fourth Required Payment Date”), the outstanding principal amount
of each Note will be repaid in an amount equal to $1,380,000 with respect to the DN Note and $120,000 with respect to the AR Note, together
with all accrued and unpaid interest on each Note as of the Fourth Required Payment Date, (v) the entire outstanding principal amount,
together with all accrued and unpaid interest, of each Note will be repaid on or prior to the