Company: MYSZ
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000990
Chunk: 99

Company: My Size, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 99
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 for each item sold on the ecommerce, and only presents items for purchase that match
their measurements to ensure a correct fit.

We are positioning ourselves as a consolidator of sizing solutions and
new digital experience due to new developments for the fashion industry needs. Our other product offerings include First Look Smart Mirror
for physical stores and Smart Catalog to empower brand design teams, which are designed to increase end consumer satisfaction, contributing
to a sustainable world and reduce operation costs. We also recently launched True Feedback, a Go-To-market solution that extracts data
from our Naiz Community mystery shoppers to fine-tune the customer experience offered to fashion buyers, both online and offline.

Orgad
Acquisition

On
February 7, 2022, My Size Israel 2014 Ltd, or My Size Israel, entered into a Share Purchase Agreement, or the Orgad Agreement, with Amar
Guy Shalom and Elad Bretfeld, or the Orgad Sellers, pursuant to which the Orgad Sellers agreed to sell to My Size Israel all of the issued
and outstanding equity of Orgad.

Orgad
operates an omnichannel e-commerce platform engaged in online retailing in the global market. It operates as a third-party seller on
Amazon.com, eBay and others. Orgad currently manages more than 1,000 stock-keeping units, or SKUs, mainly in fashion, apparel and shoes.

The
Orgad Sellers are the sole title and beneficial owners of 100% of the shares of Orgad. In consideration of the shares of Orgad, the Orgad
Sellers are entitled to receive (i) up to $1,000,000 in cash, or the Orgad Cash Consideration, (ii) an aggregate of 111,682 shares, or
the Orgad Equity Consideration, of our common stock, and (iii) earn-out payments of 10% of the operating profit of Orgad for the years
2022 and 2023. The transaction closed on the same day. In February 2024, we paid the remaining $700,000 of the Orgad Cash Consideration
to the Orgad Sellers, net of a settlement amount of $275,000.

39

The
payment of the earn out is further subject in each case to the Orgad
Sellers being actively engaged with Orgad at the date such payment is due (except if the Orgad Sellers resign due to reasons relating
to material reduction of salary or adverse change in their position with Orgad