Alright. Got the newer 3.0 version and gave a look to how it worked... I will just say that in good faith caching system GUIDs and touching CMD/BASH/GREP in anyway without consent or even any kind of disclaimer is pretty bad. Fuck you ValueFactory, I respect wanting to protect your work but not like this bruh.

Anyway. here the Bypass
https://www.mediafire.com/file/7m9aduiweehcf24/Hypno_Shader_V_3-0_bypass_DLL_only.7z/file
(anon upload)

VirusTotal if you want, or check on DNSpy too.

Tested it minimally, but unlocking/re-locking/uploading all works.
What it does? Removes any call home or license check function from the original DLL. Just replace if you already have one.

PSA for original DLL: Make sure to not ask for any licenses to your friends, since it does call home and will lock up your system's from their server and whatever else they don't say.