Sysorex, Inc. (OTCPK:SYSX) acquired 5% interest in Style Hunter, Inc. for $0.5 million on September 26, 2021. As part of consideration, Style Hunter issued 613,723 shares of its common stock: par value $0.0001 per share for $0.81470 per share for a total price of $0.5 million. Sysorex shall have a one-time option to purchase an additional $500,000 of the Common Stock on or before the 360-day anniversary of Closing Date as follows: (i) if the Buyer exercises its Option prior to the 90-day anniversary of Closing Date the per-share purchase price of the additional shares of Common Stock the Option Price shall be $0.81470 (a $10 million Company valuation), (ii) if the Buyer exercises its Option after the 90-day anniversary of Closing Date, but prior to the 180-day anniversary of Closing Date, the Option Price will be $1.22200 (a $15 million Company valuation), or (iii) if the Buyer exercises its option after the 180-day anniversary of Closing the Option Price will be $2.03670 (a $25 million Company valuation).

Sysorex, Inc. (OTCPK:SYSX) completed the acquisition of 5% interest in Style Hunter, Inc. on September 26, 2021.