Xeriant Inc (XERI)

[StockItOut]

So you are saying that, "No Party shall have the right to (b) demand or receive property other than cash in return for its contribution,"
overrides
"In satisfaction of its obligations the Company will issue 5.4% of its fully diluted shares to Xeriant in exchange for Xeriant’s interest in the joint venture." ?

So you are saying that Xeriant will receive no stock and cash at around $300,000, even though The Balance Sheet, page 2, says, "Current liabilities: Xeriant obligation, 2022 $5,386,751; 2021 $5,717,252."

Hey, what's that yearly difference when you do the basic subtraction math? Not $330,501 is it?

I see how you maganuts do it. you wallow in and relish in angry ignorance, and demand that your fabrication, your incorrectly composed narrative story, is the ultimate truth, 'specially easy when and 'cause you can blame it on immigrants.

Changes in Fair Value of Warrants and Xeriant Obligation

Private placement warrants and our obligation to Xeriant under the joint venture described above are recorded as liabilities and subject to remeasurement to fair value at each balance sheet date. We expect to incur an incremental income (expense) in the statements of operations for the fair value adjustments for the warrants at the end of each reporting period. The liability with respect to the joint venture will be discharged after May 31, 2023 by the issuance to Xeriant of XTI common stock in exchange for its joint venture interest. Refer to the discussion of our joint venture with Xeriant, Inc. above under the section entitled "Description of XTI’s Business – Joint Venture Agreement with Xeriant Inc.”

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