XTI Aerospace Inc (XTIA)

[StockItOut]

No, my post was about SP2 as the most idiotic statement poster, who suggested you out did him.

How would I give a BS answer to 5,2 if I was not discussing Section 5.2 of the JV Agreement?

Seems you like to draw people into specific discussion by accusing them of not discussing the new topic you raise.

As to 5.2 all your questions about it suggests and shows 5,2 confuses you.

You don't seem to understand the meaning of what Section 5.2 states. First you have generally cited a phrase, but leave off the final third of the same phrase statement, "... without the prior written consent of the other Party."

There shall be no required capital contributions other than as expressly set forth in this Agreement. No Party shall have the right to make voluntary capital contributions to the JV, other than as expressly set forth in this Agreement, without the prior written consent of the other Party.

The first sentence of 5.2 states that $10M funding is the maximum, and as funding is all and maximum that the JV Agreement legally requires.

That's right! 3.3,1, they, as the Management Committee could agree to change the budget (and delivery, timing, of the budget); exactly what you have ad nauseam claimed they could not do.

3.1.1 likewise allowed Management Committee agreement to change the budget, funding timing, allocation, etc.