DMNIF · Damon Inc.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, the reporting person resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The common shares are owned by Lime Dragon Holdings Corp., of which the reporting person serves as sole director, and as such may be deemed to be beneficially held by the reporting person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, Damon Jay Giraud resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The shares are held by Damon Jay Giraud, who is the common law spouse of the reporting person, and as such may be deemed to be beneficially held by the reporting person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, Damon Jay Giraud resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The shares are held by Damon Jay Giraud, who is the common law spouse of the reporting person, and as such may be deemed to be beneficially held by the reporting person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, the reporting person resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, the reporting person resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The common shares are owned by Lime Dragon Holdings Corp., of which the reporting person serves as sole director, and as such may be deemed to be beneficially held by the reporting person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, Damon Jay Giraud resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The shares are owned by Lime Dragon Holdings Corp., of which Damon Jay Giraud, the reporting person's common law spouse, serves as sole director, and as such may be deemed to be beneficially held by the reporting person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, the reporting person resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of Damon Inc. (the "Company"). On December 4, 2024, Damon Jay Giraud resigned from all officer and director positions with the Company, triggering the automatic conversion of the Multiple Voting Shares beneficially owned by him into common shares.

The shares are owned by Lime Dragon Holdings Corp., of which Damon Jay Giraud, the reporting person's common law spouse, serves as sole director, and as such may be deemed to be beneficially held by the reporting person.

This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of the Company.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The shares are owned by Lime Dragon Holdings Corp., of which the Reporting Person serves as sole director, and as such may be deemed to be beneficially held by the Reporting Person.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." The reporting person acquired these shares in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The reporting person is the managing partner/member of the fund and, as such, may be deemed to have beneficial ownership of the securities held by the fund. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.

This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

The securities are held by Damon Jay Giraud, who is the Chief Executive Officer and a director of the Company and the common law spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person.

These warrants were acquired in exchange for warrants issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

The reporting person is the managing partner/member of the fund and, as such, may be deemed to have beneficial ownership of the securities held by the fund. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.

This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

The securities are held by Amber Spencer, who is the Chief Marketing Officer of the Company and the common law spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of the Company.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The securities are held by Damon Jay Giraud, who is the Chief Executive Officer and a director of the Company and the common law spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of the Company.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." The reporting person acquired these shares in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The reporting person is the managing partner/member of the fund and, as such, may be deemed to have beneficial ownership of the securities held by the fund. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of the Company.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The shares are owned by Lime Dragon Holdings Corp., of which Damon Jay Giraud, the Reporting Person's common law spouse, serves as sole director, and as such may be deemed to be beneficially held by the Reporting Person.

On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.

The securities are held by Amber Spencer, who is the Chief Marketing Officer of the Company and the common law spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person.

This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

The securities are held by Amber Spencer, who is the Chief Marketing Officer of the Company and the common law spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person.

This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

These warrants were acquired in exchange for warrants issued by Damon Motors Inc. pursuant to the Business Combination Agreement.

The reporting person is the managing partner/member of the fund and, as such, may be deemed to have beneficial ownership of the securities held by the fund. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.

As a Participating Parent Securityholder, the reporting person acquired 240 common shares of the Issuer pursuant to the Distribution.

Represents common shares of the Issuer that were held by the Grafiti Holding Inc. Liquidating Trust and distributed on a pro rata basis to certain record securityholders (the "Participating Parent Securityholders") of XTI Aerospace, Inc., as of the record date of December 27, 2023 (the "Distribution").

The reporting person is the sole trustee of the Grafiti Holding Inc. Liquidating Trust and maintains limited voting and dispositive power over the shares held by the Grafiti Holding Inc. Liquidating Trust pursuant to the Liquidating Trust Agreement dated December 27, 2023. The reporting person disclaims beneficial ownership of the shares held by the Grafiti Holding Inc. Liquidating Trust except to the extent of her proportionate pecuniary interest therein as described in footnote (3) below.

Represents common shares of the Issuer held by the Grafiti Holding Inc. Liquidating Trust and distributed on a pro rata basis to certain record securityholders of XTI Aerospace, Inc., as of the record date of December 27, 2023.

Represents common shares of the Issuer that were held by the Grafiti Holding Inc. Liquidating Trust and acquired by the Reporting Person in connection with the pro rata distribution to certain record securityholders of XTI Aerospace, Inc., as of the record date of December 27, 2023.