Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 224

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 224
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 executive officers. Pursuant to these agreements, we expect to be entitled to terminate an executive officer’s employment for cause at any time. Each executive officer will agree not to, directly or indirectly, provide the same or substantially the same services that he/she provides to the Company to any other business in certain area. We also plan to enter into director offer letters with each of our independent director nominees which agreements set forth the terms and provisions of their engagement. Election of Officers Our executive officers are appointed by, and serve at the discretion of, our board of directors. Board of Directors We expect our board of directors to consist of five directors, three of whom are expected to be independent as such term is defined by Nasdaq. We expect that all current directors will continue to serve after this offering. The directors will be up for re -electionat our annual general meeting of shareholders. A director may vote in respect of any contract or transaction in which he is interested, provided, however that the nature of the interest of any director in any such contract or transaction shall be disclosed by him at or prior to its consideration and any vote on that matter. A general notice or disclosure to the directors or otherwise contained in the minutes of a meeting or a written resolution of the directors or any committee thereof of the nature of a director’s interest shall be sufficient disclosure and after such general notice it shall not be necessary to give special notice relating to any particular transaction. A director may be counted for a quorum upon a motion in respect of any contract or arrangement which he shall make with our company, or in which he is so interested and may vote on such motion. Code of Business Conduct and Ethics Prior to the effectiveness of the registration statement of which this prospectus is a part, we intend to adopt a written code of business conduct and ethics that applies to our directors, officers and employees, including our chief executive officer, chief financial officer, principal accounting officer or controller or persons performing similar functions. We intend to disclose any amendments to the code of ethics, and any waivers of the code of ethics or the code of conduct for our directors, executive officers and senior finance executives, on our website to the extent required by applicable U.S. federal securities laws and the corporate governance rules of the Nasdaq. Insider Trading Policies Effective October 23, 2000, the SEC adopted rules related to insider trading. Rule 10b5 -1of the Securities Exchange Act of 1934, as amended, provides an exemption to the insider trading rules in the form of an affirmative defense