Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 186

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 186
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 on a shortfall in the anticipated and actual revenue of the Otsaw -SwisslogJV. The put option gives Swisslog Healthcare the right to require Otsaw to purchase Swisslog Healthcare’s 40% interest in the Otsaw -SwisslogJV pursuant to the put and call arrangement. The call option gives Otsaw the right to purchase Swisslog Healthcare’s interest in the Otsaw -SwisslogJV pursuant to the put and call arrangement. The first call option was exercised by Otsaw on January 12, 2023 for the purchase of 1,333shares. Although the first option was to be exercised at a strike price of SGD 800,000, the final consideration paid was SGD

112 130,000 (USD 97,002) due to revenue targets not being met following the consideration adjustment clause. The second call option was exercised by Otsaw on January 11, 2024 for the purchase of 1,333shares. Although the second option was to be exercised at a strike price of SGD 800,000, the final consideration paid was SGD 451,000 (USD 335,648) due to revenue targest not being met following the consideration adjustment clause. The third call option was exercised by Otsaw on January 20, 2025 for the purchase of 1,334shares at a strike price of SGD 800,000 and final consideration of the same value. As at January 20, 2025, following the exercise of options relating to the Swisslog asset acquisition, Otsaw Swisslog Healthcare Robotics Pte. Ltd. is 100% owned by Otsaw Technology Solutions Pte. Ltd., which is headquartered and incorporated in Singapore. The TransCar AGV System The TransCar AGV System was initially developed and commercialized by Swisslog Healthcare in 2004 and is designed specifically to provide low -maintenanceintralogistics and material handling solutions for heavy payload and cargo transportation in hospital environments. As of the date of this prospectus, there are over 580 installed TransCar AGV systems in EMEA and APAC markets. The TransCar AGV is a laser guided, low -height, self -guidedvehicle that is designed to go under wheel -supportedcargo carts (with payloads up to 1000 pounds), lift them up and transport them to designated locations that are written to the Radio Frequency Identification (“RFID”) tags on the carts. By automating heavy payload movements such as the distribution