Xeriant Inc (XERI)

[quester614]

BTW as far as the Pro Rata. The only part that was covered by anything was the partial down payment. None of the other payments met the budget requirements.
If Duffy had paid the $1 mil down payment then made qualifying payments according to the budget that total $5.4 then I agreed the amount of equity owed would be the total of the amount contributed. The budget was not changed, it was NEVER met.

The Pro Rata was there just like the Mediation/Arbitration clause. Just BS to give the investor a false sense of security.

4.3?????????? Contributions of Xeriant. In consideration of the JV interests granted to Xeriant, Xeriant shall contribute or provide the following:
4.3.1.????????A total of $10 million (the “Intended Contribution”), consisting of the initial sum of $1,000,000 to be funded immediately upon the execution of this agreement, including the Exhibits;
4.3.2.????????Additional capital of $9,000,000 advanced monthly, in advance, as and when required in accordance with the Budget attached hereto as Exhibit D;