No Runway – No Problem

XTI AIRCRAFT
COMPANY
THE FUTURE OF
AIR TRAVEL

OVERVIEW
XTI Aircraft Company (“XTI” or the “Company”) is bringing to market an advanced technology aircraft that combines the speed, range, and comfort
of a fixed-wing airplane with the convenience of vertical takeoff and landing (VTOL).

The company’s flagship product, the TriFan 600, is the “missing link” in air travel, providing:

• Superior Performance – 2x speed and range of conventional helicopters; cruises like an airplane at 25,000 ft and 345 mph
• True Point-to-Point (P2P) Travel – takeoff and land on helipads or anywhere it’s safe and legal (private residences, rural locations, etc)
• Increased Affordability – Twice the speed of a helicopter drives lower mission costs and better utilization

The TriFan 600 will meet existing regulatory standards to operate in public airspace, allowing it to seamlessly integrate into current business
aviation operations and transition into the new advanced air mobility (AAM) market, projected to be a $1.0T market by 2040. To date, the
Company has 690 orders, options and reservations1 representing a $7B future revenue opportunity.

The experienced and proven leadership team has over 300 years of collective aerospace experience covering aircraft design, development, FAA
certification (40+ certified aircraft programs), operations and sales.

KEY INVESTMENT TERMS

INVESTMENT OPPORTUNITY: Company Developing an Innovative VTOL aircraft
SECTOR: Aerospace
SECURITY OFFERED: Convertible Notes with warrants
MAXIMUM TARGET RAISE: $5M
MINIMUM INVESTMENT SIZE: $500k
ISSUER: XTI Aircraft Company

PROBLEM
• Traveling by airplane requires a drive to an airport, which
could be distant and require battling road traffic.
• Helicopters offer P2P travel but are slow and do not have the
range of business airplanes.
• Urban congestion leads to surface traffic delays, wasted
time, and lost productivity for commuters and inter-city
travelers.
SOLUTION
• P2P ability delivers significant time savings vs. other modes of travel.
• A six-passenger VTOL aircraft using existing ground and airspace
infrastructure, delivering regional P2P travel for executives,
companies, charter and air shuttle operators, air medical service
providers and private owners.
• Fly over urban congestion and land directly at your destination. Save
two hours over conventional air travel on a typical 600 mi trip.
• A single TriFan 600 provides the benefits of owning a business
airplane and a helicopter for the cost of only one vehicle (half the
maintenance, crew, hangar space, insurance, etc).

AIRCRAFT FEATURES & SPECIFICATIONS

• Seats: 1 pilot + 5-6 passengers, with different configurations
for luxury, air shuttle and medevac interiors
• Range: up to 850 miles based on takeoff method
• Cruise Speed: 345 mph
• Cruise Altitude: 25,000 feet
• Design: Fixed wing, composite structure
• Engines: Initial design with two proven, reliable turboshaft engines
with the ability to operate on 100% sustainable aviation fuel (SAF)
reduces CO2 emissions by up to 80% depending on the SAF blend
• Safety: Certified for flight in inclement weather and icing, single or
dual pilot operation, redundant electrical and flight control systems
• Flight Controls: Fly-by-wire duct controls
 INVESTMENT HIGHLIGHTS
XTI’s technology can meet the needs of a range of large markets:

o The total addressable market (TAM) for bizjet/helicopter OEM sales is $30B, projected to double by 2040
MARKET
o Disrupt the global passenger rail, commercial air and car rental markets. Together valued at ~$730B
OPPORTUNITY o P2P ability delivers significant time savings vs. other modes of travel
o 2040 TAM for advanced air mobility is projected to be $1T

XTI currently has 690 TriFan 600 aircraft reserved1, a $7B revenue opportunity upon delivery

o The company has secured a purchase order from a recognized US airline for 100 aircraft and a U.S. based
MARKET operator for 40 aircraft with an option to purchase an additional 40 aircraft
DEMAND o The company has received an LOI for an order of 12 air medical aircraft
o The company is exploring additional revenue sources, including leasing and insurance services, training and
maintenance support, and power-by-the-hour programs

The TriFan 600 aircraft design and technology are protected by multiple patents

Commitment to Sustainability
XTI is committed to clean energy and has adopted a measured-risk phased approach to sustainability tied to (i) technology
maturation of hydrogen / batteries (ii) formulation of regulatory guidance, and (iii) infrastructure development, as follows:

Phase 1: Two turboshaft engines designed to operate on either traditional aviation fuel, 100% sustainable aviation fuel
(SAF), or a blend of both. Proven engines lower program cost and facilitate a quicker Entry into Service (EIS) versus
hybrid or all electric. CO2 emissions reduced by up to 80%2 depending on SAF blend.
Phase 2: Hybrid power using a hydrogen fuel-cell or batteries and one turboshaft engine. CO2 emissions reduced 90%.
TECHNOLOGY
Phase 3: All-electric propulsion using hydrogen or batteries. Green power for sustainable air travel with zero
DEVELOPMENT emissions.

Development progress to date

o $15M committed capital raised to date facilitated completion of preliminary design review, hiring of key
personnel, and commencing of the FAA approval process
o 20 successful hover tests with a 65% scale “proof of concept” prototype
o Two patents for Design & Utility received in the US, Canada, Japan, EU and China
o Established partnerships including GE Aviation, Garmin, Hypoint, VerdeGo and Triumph
o Targeting FAA certification / entry-into-service in 2027

1Additional information about the terms and conditions of the Company’s purchase orders, reservations and options to purchase the TriFan 600 aircraft is available

from the Company

2CO2 reductions: IATA https://www.iata.org/contentassets/d13875e9ed784f75bac90f000760e998/saf-what-is-saf.pdf

DISCLOSURES AND DISCLAIMERS:

This document prepared by XTI Aircraft Company (the “Company”) is strictly confidential and accordingly it may not be copied, distributed, published or reproduced, in whole or
in part, or disclosed by any recipient to any other person, without our prior written consent. Industry and market data used in this presentation have been obtained from third-
party industry publications and sources as well as from research reports prepared for other purposes. We have not independently verified the data obtained from these sources
and cannot assure you of the data’s accuracy or completeness. This data is subject to change.
The Company is a development-stage company. The projections, forecasts and other forward-looking statements contained herein are based on subjective estimates and
assumptions about circumstances and events that have not yet taken place and are subject to material variation. Forward-looking statements usually are identified by words such
as “intends”, “expects”, “plans”, “believes”, “estimates”, “projects”, or similar expressions. Potential performance results may rely on the efforts of third parties beyond the
Company’s control. Performance results may not be achieved on the schedule the Company expects and there can be no assurance that the Company will achieve projected
results. The following risks and uncertainties, among others, could cause actual results to differ materially from those implied in any forward- looking statements: (i) the Company’s
inability to execute its strategy and objectives; (ii) increased competition or the entry of new competitors for products and services provided by the Company; (iii) inability to
secure necessary capital, (iv) the speed or failure of technological developments by third parties; and (iv) adverse market c onditions.
This confidential presentation summarize certain business matters relating to the Company. It is not a prospectus or an offering memorandum of any kind. It does not purport
to be complete. Additional information is available from the Company. This presentation does not comprise an offering of securities by the Company. Any such offering, or
solicitation of offers to purchase securities, will be made only to accredited investors, in reliance upon and in conformity with the exemption from registration provided under the
Securities Act of 1933, as amended, for sales of securities not involving any public offering. The terms of any such offering will be contained only in definitive documentation
between the company and such investor.
Each recipient of this presentation acknowledges that U.S. securities laws and other laws prohibit any person who has material, non-public information concerning a public
company from purchasing or selling any of its securities, and from communicating such information to any person under circumstances in which it is reasonably foreseeable that
such person is likely to purchase or sell such securities. Each recipient of this presentation will require any person to whom it discloses the potential business combination and
financing referenced herein to acknowledge and agree to the foregoing sentence with respect to any public company with respect to whom the Company discloses non-public
information.