Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 260

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 260
---
 five years and seven years from the commencement of sales in the offering, respectively, in accordance with FINRA Rule 5110(g). We will bear all fees and expenses attendant to registering the securities issuable on exercise of the warrants other than underwriting commissions incurred and payable by the holders. The representative’s warrants and the Class A Ordinary Shares issuable upon exercise thereof are registered on the registration statement of which this prospectus forms a part. The warrants have been deemed compensation by FINRA and are therefore subject to a 180 -daylock -uppursuant to FINRA Rule 5110(e)(1). The underwriter, or its permitted assignees, will not sell, transfer, assign, pledge, or hypothecate these warrants or the securities underlying these warrants, nor will it engage in any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the warrants or 170 the underlying securities for a period of 180 days from effectiveness. The warrants may be exercised as to all or a lesser number of Class A Ordinary Shares and will provide for cashless exercise in the event there is not an effective registration statement for the underlying shares. Company Standstill We have agreed that without the prior written consent of the underwriter, we will not, for a period of one hundred eighty (180) days after the closing of this offering, subject to certain exceptions, (a) offer, sell, issue, or otherwise transfer or dispose of, directly or indirectly, any equity of our company or any securities convertible into or exercisable or exchangeable for equity of our company; (b) file or caused to be filed any registration statement with the SEC relating to the offering of any equity of our company or any securities convertible into or exercisable or exchangeable for equity of our company; or (c) enter into any agreement or announce the intention to effect any of the actions described in subsections (a) or (b) hereof. Right of First Refusal We have granted Aegis a right of first refusal for a period of 24 months from the closing of the offering to act as (i) sole book -runner, sole manager, sole placement agent or sole agent in the event we decide to finance or refinance any of our indebtedness and (ii) sole book -runningmanager, sole underwriter or sole placement agent in the event we decided to raise funds by means of a public offering (including an at -the -marketoffering) or a private placement or any