Xeriant Inc (XERI)

[StockItOut]

The cash clause means that under designated circumstance, then only, may cash be withdrawn. The cash clause does not negate the Xeriant capital contribution in exchange for XTI Aircraft stock. The cash clause gives Xeriant an additional option to take/withdraw cash from Eco Aero, LLC, should the JV dissolve. Currently, Xeriant has right to XTI Aircraft stock or cash (or a combination) in equivalent valuation to the amount it funded Eco Aero, LLC.

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.