XTI Aerospace Inc (XTIA)

[quester614]

Your right you didn't point out letter. Instead it was written consent which I just took would be in the form of a letter so as to have concrete proof of the reason for the actions. In case it ever went to court. LOLOL

That's right if they did send the letter of default for not making the $1 mil that was to be made immediately game over for XTI.

Still avoided the part that XTI was NEVER to receive any equity but only CASH for their contributions.
Just another change to the agreement. LOLOL

5.2.???????????Further Contributions, Interest on Capital, JV Percentages and Withdrawal of Capital Contributions. 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. There shall be no interest payable on any capital contributions made to the JV. No Party shall have the right or power to (a) withdraw or reduce such capital contribution except as a result of the dissolution of the JV or as otherwise provided by law, or (b) demand or receive property other than cash in return for its contribution.