Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 45

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 45
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 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.

Item 15. Recent Sales of Unregistered Securities

Set forth below is information
regarding all securities sold by us since April 15, 2022, the offer and sale of which were not registered under the Securities Act.
Also included is the consideration received by us for such securities and information relating to the section of the Securities Act, or
rule of the SEC, under which exemption from registration was claimed. 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 the Company’s outstanding Common Stock effective on
March 12, 2024 and the 1-for-250 reverse stock split of the Company’s outstanding Common Stock effective on January 10, 2025, provided
that actual amounts may differ due to the rounding of fractional shares in connection with the reverse stock splits.

| 1. | During the quarter ended June 30, 2022, the Company issued an aggregate                                                                           
 of 2 shares of Common Stock (the “Exchange Shares”) to the holder of that certain promissory note of the Company issued on                        
 March 18, 2020 (the “March 2020 Note”) at prices between $318,750 and $412,500 per share, in each equal to the Minimum Price                      
 as defined in Nasdaq Listing Rule 5635(d) in accordance with the terms and conditions of exchange agreements, pursuant to which the Company       
 and the note holder agreed to (i) partition new promissory