HEADS OF TERMSHeads of Terms • March 30th, 2022 • Sysorex, Inc. • Services-computer programming services
This Heads of Terms (“Heads of Terms”) dated March 24, 2022 (“Effective Date”), sets forth the agreement of Ostendo Technologies, Inc., its successors or assigns (“Purchaser”) and Sysorex, Inc. (the “Company”) and its wholly owned subsidiary TTM Digital Assets & Technologies, Inc. (“Seller”) with respect to agreed terms of the transaction described herein, which will be reflected in definitive documentation following the date hereof. Other than the sections marked “Purchase Price Consideration,” “Deposit; Credit to Share Purchase,” “Exclusivity,” “Governing Law,” and “Fees and Expenses,” the remaining provisions of this Heads of Terms are non-binding and this Heads of Terms does not address all of the material terms of the proposed transaction, which will be addressed only after due diligence has been completed and definitive agreements including a Purchase Agreement (as defined below) have been executed and delivered by the parties.
