Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 311

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 311
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16, 2021 entered into between (i) Swisslog Healthcare; (ii) Otsaw Technology Solutions Pte Ltd; and (iii) Otsaw Digital Pte. Ltd (the “Master Asset Sale Agreement”) and 3) the umbrella agreement dated November30, 2024 entered into between (i) Otsaw Limited, (ii) Otsaw Digital Pte. Ltd., (iii) Otsaw Technology Solutions Pte. Ltd., (iv) Swisslog Healthcare Holding AG and (v) Otsaw Swisslog Healthcare Robotics Pte. Ltd. Those agreements: •Allow the Otsaw -SwisslogJV to identify the specific assets to be acquired from Swisslog Healthcare; •Mandate the Otsaw -SwisslogJV to continue to develop and market the TransCar system; •Govern the management mechanisms of the Otsaw -SwisslogJV; •Grant the Otsaw Swisslog JV the royalty free right to use the Swisslog Healthcare brand name; and •Include put and call options regarding the membership interests in the Otsaw -SwisslogJV, as well as other customary provisions related to transfers of such interests. Asset Transfer and Acquisition Under the Master Asset Sale Agreement, Otsaw -SwisslogJV has acquired: 1) the existing customer services and maintenance 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$1.5million 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 May25, 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