Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 305

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 305
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 of fixed-rate contribution. F-30

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) The pension costs incurred from the contributions to the Bureau of Labor Insurance amounted to $248,684 and $243,352 for the years ended December 31, 2023 and 2022, respectively.

| NOTE 14. | Non-current Financial Liabilities at Fair Value Through Profit or 
 Loss                                                              |

|                                                                        |     |   | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:-----------------------------------------------------------------------|:----|:--|-------------:|:----|:----|-------------:|
| Financial liabilities designated at fair value through profit or loss: |     |   |              |     |     |              |
| Simple agreement for future equity                                     |     | $ |    1,707,248 |     |     |    1,433,555 |

The Company entered into several Simple Agreements for Future Equity (“SAFE agreements”) in 2023 and 2022, at the total amount of $430,000 and $1,370,000, respectively. During the year of 2023, an amount of $300,000 was cashed out. The outstanding principal amounts were $1,500,000 and $1,370,000 as of December 31, 2023 and 2022, respectively. Pursuant to the terms of the 2023 SAFE agreements, in the event of an equity financing (as defined in the agreement), the SAFE amount will automatically convert into the number of shares equal to the initial investment amount divided by the discount price (the lowest price per share of the shares sold in the equity financing multiplied by the discount rate of 75%); in the event of a liquidity event (as defined in the agreement), the investor will automatically be entitled to either (i) receive a portion of proceeds equal to the initial investment amount plus interest at a simple rate of 5% per annum, or (ii) receive a number of shares equal to the initial investment amount divided by the liquidity price (the price per share equal to the fair market value of the shares at the time of the liquidity event, as determined by reference to the purchase price payable in connection with such liquidity event, multiplied by the discount rate of 75%). Pursuant to the terms of the 2022 SAFE agreements, in the event of an equity