You see these were Promissory Notes taken out by XTI before May 17 2022 and were settled July 24 2023 with the SENIOR SECURED PROMISSORY NOTE. That's after the 1 year May 17 2023 time frame.
Promissory notes may also be referred to as an IOU, a loan agreement, or just a note. It's a legal lending document that says the borrower promises to repay to the lender a certain amount of money in a certain time frame. This kind of document is legally enforceable and creates a legal obligation to repay the loan. https://www.google.com/search?q=Promissory+Notes&rlz=1CARGFB_enUS1061US1061&sourceid=chrome&ie=UTF-8
Is a promissory note debt? A promissory note is a form of debt that companies and individuals sometimes use, like loans, to raise money. The issuer, through the notes, promises to return the buyer's funds (principal) and to make fixed interest payments to the buyer in exchange for borrowing the money.Jul 5, 2023 https://www.google.com/search?q=Promissory+Notes&rlz=1CARGFB_enUS1061US1061&sourceid=chrome&ie=UTF-8
#1 -- We're not talking about the SECOND loan. #2 -- How do you know that the loans weren't linked to the merger in some way? Or was INPX in the habit of loaning money to companies as a side venture?
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