Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 185

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 185
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 contracts of the TransCar systems installed in Singapore, Germany, Italy, Netherlands, Norway and Switzerland; and 2) advance payments, claims, books and records in relation to the TransCar systems in Singapore, Germany, Italy, Netherlands, Norway and Switzerland. As consideration, Swisslog Healthcare received S$1.5 million in cash, 36,613 ordinary shares in Otsaw Technology Solutions Pte Ltd. and a 40% ownership in the Otsaw -SwisslogJV. Upon completion of the group reorganization on May 25, 2023, Swisslog Healthcare became a minority shareholder in Otsaw Limited. IP and Technology Transfer Under the Master Asset Sale Agreement, the Otsaw -SwisslogJV and Otsaw were given the right to acquire and have acquired the intellectual property rights relating to the TransCar systems and the process know -howrelating to their manufacturing and maintenance. This includes: (i) knowledge transfer of the codebase/code documentation, (ii) operation training, and (iii) documents relating to the manufacture, operation, and enhancement of the TransCar system. Furthermore, Swisslog Healthcare is obligated to assist in the transfer of know -howin relation to the design, function and maintenance of the TransCar system to the Otsaw -SwisslogJV and Otsaw. Manufacturing and Supply of the TransCar System Under the Supply Agreement, Reis Robotics will produce and manufacture the TransCar AGVs for the Otsaw -SwisslogJV. Based on discussions and mutual understanding between the parties at a meeting, the parties have agreed to continue performance under the existing Supply Agreement through June30, 2025 and Reis Robotics will discontinue 111

manufacturing of the TransCar AGVs on June 30, 2025. No formal amendment to the Supply Agreement was executed in connection with this extension. The next generation of TransCar, TransCar 5.0, will be produced in -houseat our manufacturing facility in Singapore. Service and Maintenance Mandated by the Shareholders Agreement, and pursuant to the Master Asset Sale Agreement, the Otsaw -SwisslogJV entered into service agreements on December 1, 2021 with (i) Swisslog Healthcare GmbH; and (ii) Swisslog Healthcare Asia Pacific Pte. Ltd. respectively, for a term of 1 year with the option to renew these service agreements for up to two successive periods of 1 year each (subject to 3 or 6 months prior