Descrypto Holdings, Inc. entered into a share exchange agreement to acquire OpenLocker, Inc. from Brian Klatsky, Abby Klatsky and Brendan O’Brien for $10.7 million.
May 23, 2022
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Descrypto Holdings, Inc. (OTCPK:DSRO) entered into a share exchange agreement to acquire OpenLocker, Inc. from Brian Klatsky, Abby Klatsky and Brendan O'Brien for $10.7 million on May 23, 2022. Pursuant to the terms of share exchange agreement, all of the outstanding shares of OpenLocker common stock will be exchanged for an aggregate of 12,500,002 shares of Descrypto common stock. OpenLocker will become a wholly owned subsidiary of the Descrypto. At the closing, Brian Klatsky will be named to the Descrypto board. The transaction is subject to following conditions (a) The parties shall have received all necessary approvals from all required Governmental Authorities to consummate the transaction. (b) The OpenLocker Board shall have approved this agreement and the transaction and shall not have withdrawn such approval. (c) The Descrypto board shall have approved this agreement and the transaction and shall not have withdrawn such approval. Descrypto expects that the closing will occur on or prior to May 31, 2022. Laura Anthony of Anthony L.G., PLLC acted as legal advisor to Descrypto Holdings, Inc. Patrick T. McCloskey of McCloskey Law PLLC acted as legal advisor to OpenLocker Inc.
OpenLocker Holdings, Inc. (OpenLocker) is a technology platform for athletes and brands. OpenLocker builds fan communities on the Blockchain, primarily for colleges and universities using student-athletes Name, Image and Likeness (NIL). OpenLocker increases engagement among fans, athletes and brands through digital and physical collectibles and provides user utility, perks and experiences. OpenLocker delivers digital loyalty and marketing within sports and entertainment and across other industries. OpenLocker also offers physical collectibles, including autographed collectibles and personalized experiences (meet-and-greet or customized activity) with the athlete, arranged by OpenLocker with the athletes input and approval. It connects the digital and physical worlds by creating wallet-sized physical collectibles with the digital art printed on one side with a quick response (QR) code that directs to the fan community Website. Its portfolio includes OpenStable, Lionz Club and others.
Descrypto Holdings, Inc. entered into a share exchange agreement to acquire OpenLocker, Inc. from Brian Klatsky, Abby Klatsky and Brendan O’Brien for $10.7 million.
OPENLOCKER HOLDINGS, INC. 
