Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 221

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 221
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 the Company. Calls on Class A Ordinary Shares and forfeiture of Class A Ordinary Shares Our board of directors may from time to time make calls upon shareholders in respect of any moneys unpaid on their Class A Ordinary Shares and not by the conditions of allotment thereof made payable at fixed times, provided that no call will be payable at less than one month from the date fixed for the payment of the last preceding call, and each shareholder must (subject to receiving at least fourteen (14) calendar days’ notice specifying the time or times of payment) pay to the Company at the time or times so specified the amount called on such shares. A call is deemed to have been made at the time when the resolution of the directors authorizing such call was passed and may be required to be paid by installments. A call may be revoked or postponed as the directors may determine. Redemption, Repurchase and Surrender of Ordinary Shares We may issue shares on terms that such shares are to be redeemed or are liable to be redeemed at the option of the shareholder or the Company. The redemption of shares will be effected in such manner and upon such terms as may be determined, before the issue of such shares, by either our board of directors or by our shareholders by ordinary resolution. The Companies Act and our amended and restated memorandum and articles of association permits us to purchase our own shares, subject to certain restrictions and requirements. Subject to the Companies Act and our amended and restated memorandum and articles of association, we may purchase our own shares (including any redeemable shares) on such terms and in such manner as approved by the directors or by an ordinary resolution of our shareholders or otherwise in accordance with our articles of association. Under the Companies Act, the repurchase of any share may be paid out of our profits, or out of the share premium account, or out of the proceeds of a fresh issue of shares made for the purpose of such repurchase, or, if permitted under our articles of association, out of capital. If the repurchase proceeds are paid out of our capital, we must, immediately following such payment, be able to pay our debts as they fall due in the ordinary course of business. In addition, under the Companies Act, no such share may be repurchased (1) unless it is fully paid up, and (2) if such repurchase would result in there being no shares outstanding other than shares held as treasury shares. The repurchase of shares may be effected in such manner and upon such terms as may be authorized by or pursuant to