Once again, you're ignoring the facts in order to support your baseless accusations! The $1 million deposit was made in two parts because XTI needed money ASAP. They raised some funding from F&F investors and arranged with Maxim and Auctus to raise the additional funds. Get your facts straight!
Gaudy you're tiring. 1.) "As and when required," as JV payments from Xeriant.
2.) Did XTI issue a written notice of default upon Xeriant when Xeriant did not contribute $1M, but approx $300K? No! And with no party in default they both continued to move forward under the JV Agreement.
3.) Xeriant not funding the full $10M is permitted under the JV Agreement, if not expected under the JV Agreement.
Whaa whaa, I'm Quester: Adjustments to the deposit, no default issued by XTI Aircraft, budget requirements changed so that Xeriant in total paid less than $10 Million... this is fraud, these guys can't do that. I don't care if the JV Agreement says they can (so likely and most reasonably they did) I'll just do like SmartyPants2 does and just interpret the JV Agreement the way I want to... and I'm proud not be be an account or attorney, yea me!