Xeriant Inc (XERI)

[StockItOut]

No! You have read incorrectly! You have misread. You have misinterpreted the clause 9.2.2. This is fact. And thank you for explaining.

9.2.2, of the JV Agreement is established to provide Xeriant, at its sole discretion, the ability to purchase additional XTI common shares, should upon a Liquidity Event, Acceleration Event or Completion Event (e.g. like a merger) if when the entire $10M in Xeriant funding (JVA section 4.3.2) has not yet been contributed by Xeriant, where.upon such merger or Liquidity Event, Acceleration Event or Completion Event, Xeriant would in funding only have garnered (earned) a portion of the total 10% of XTI Aircraft common stock; where Xeriant in paying less than $10M at the time of the event would have funded and earned only a proportional percentage (pro rata) equivalent of a total of 10% of XTI Aircraft Company common stock (the difference of the already-earned pro rata proportional equivalent amount of XTI common stock as earned by Xeriant from it’s portional funding so far to the same percentage of less than the $10M in funds payments).

Again:

9.2.2 provides for the ability for Xeriant to purchase additional XTI shares, that’s it, that’s the clause.

9.2.2 provides for Xeriant’s ability to purchase additional XTI shares with rights to purchase at its sole discretion, up to the full 10% portion equivalent of XTI Aircraft Company common stock, that the JV Agreement provided Xeriant the right to acquire by funding up to $10M, or by purchase if in the event of a Liquidity Event, Acceleration Event or Completion Event.

At Xeriant’s sole discretion as to if Xeriant wants or wanted to additionally purchase XTI shares with right to purchase such additional XTI common stock shares up to Xeriant’s right to own the full 10% of XTI common shares, which per the JV Agreement both parties agreed and presumed Xeriant would “shall” fund $10M to XTI Aircraft. The $10M funding in exchange for 10% of XTI Aircraft Company common stock.

That”s what 9.2.2 means. Not what you have misinterpreted and that you incorrectly insist is the way you say it is, which in fact is your misunderstood fabrication, and is very incorrect… that none-the-less you insist is correct… as it seems it fits into your theory and conclusion of intent to only scam shareholders by both Xeriant and by XTI Aircraft.

You’ve simply been wrong the whole time, though you’re unlikely to admit it, or realize, as I expect you are entrenched in your insistent determined religiosity, which fits very well with maganut ‘I’m-always-and-only-right’ fundamentalism.

Maybe you will come round, and see and read and correctly interpret the JV Agreement, and specifically section 9.2.2, and other sub-sections, for how and what is actually written and intended.


Separately, it sounds like the judge determined the “shall” obligated Xeriant to pay fully its $10M and was in breach of contract not doing so. I think I understand the judge’s position, that “up to” is only relevant
I read the contract differently in large part due to changes in the budget which (I deduce and presume) was agreed by XTI Committee members because XTI kept taking money, the PDR was completed in under $10M funding, and XTI Aircraft so often announced it’s equity debt obligation of XTI common stock shares owed to Xeriant at a pro rata (proportional equivalent) valuation of 5.4M about equivalent to Xeriant’s $5.6M in funding to XTI Aircraft, and because XTI then actually issued shares to Xeriant.


Which brings us to the second question of ‘why did XTI issues shares to Xeriant’, which you again have evaded to address and answer. Still crickets, huh?

Your evasion shows you know it happened, you know that XTI shares were issued to Xeriant.

Yet you cannot fit it into your pre-conclusion that Xeriant and XTI are scams and that both never intended to issue shares to Xeriant… even though, XTI did issue XTI shares to Xeriant. We know this because XTI itself said it issued XTI and XTIA shares to Xeriant.

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