As outlined in the Option Agreement, as amended, consideration for the option exercise consists of $4.3M plus 625,077 shares of Cool Holdings common stock issuable
to the shareholders of Cooltech at the time of the Merger.
The dividend will be payable to Inpixon stockholders as of the close of business on the record date, in the ratio of one share of Sysorex common stock for every three shares of Inpixon common stock held or issuable
upon complete conversion of the preferred stock or exercise of certain warrants outstanding as of the record date.
The company said the common shares are issuable
upon the exercise of the 35,962,735 special warrants issued pursuant to the completion of a prior private placement.
Proportional adjustments will be made to the conversion and exercise prices of the Company's outstanding warrants, convertible notes and stock options, and to the number of shares issued and issuable
under the Company's equity compensation plans.
The reverse split will also apply to common stock issuable
upon the exercise of the Company's outstanding warrants and stock options.
Pursuant to the plan of arrangement, Agnico Eagle Mines acquired 100% of the issued and outstanding common shares of Cayden Resources, including common shares issuable
on the exercise of outstanding options and warrants of Cayden.
Shareholders also voted and approved the appointment of KPMG LLP as the independent auditors of the company, approved and authorized all unallocated options issuable
pursuant to the company's Share Option Plan and elected directors.