EX-10.2
from 8-K
2 pages
This Letter Agreement (“Letter Agreement”) Is Delivered in Connection With That Certain Consent Waiver and Release, Dated November 17, 2024 (The “Consent”), by and Among 3am Investments LLC (“3am”), Streeterville Capital, LLC and XTI Aerospace, Inc., Formerly Inpixon (“Xti”), and Serves as XTI’s Understanding and Acknowledgment That the Consent Provided by 3am Is Delivered in Reliance Upon the Agreements Set Forth Herein by and Between the Company and the Undersigned Parties Signatory to This Letter Agreement. Nadir Ali Is the Managing Member of Grafiti Group LLC, Which Is the Managing Member of Grafiti LLC. in the Event That XTI Breaches the Terms and Conditions of This Letter Agreement or Fails to Satisfy the Conditions or Obligations Described Herein, the Consent Provided by 3am Shall Be Deemed to Be Void Ab Initio. in Consideration for Good and Valuable Consideration, the Receipt and Sufficiency, Which Is Hereby Acknowledged, the Undersigned Parties Agree as Follows. 1. Equity Purchase Agreement, Dated as of February 16, 2024 (The “Equity Purchase Agreement”), by and Among Xti, Grafiti LLC (“Grafiti”) and Grafiti Group LLC (“Buyer”) - Waiver of Certain Future Payments
12/34/56
