Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 345

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 345
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 31, 2024, consists solely of third -partyloans amounting to $1,006,062. Director loans bear interest at 12% per annum from 1 May 2023, previous to this the interest rate was 6% per annum. On September 04, 2024, the Company obtained a secured loan facility from Curzon Capital Pte Ltd which bears interest rate at 16% per annum. It is repayable over 3 years equally at the end of each year, with an option for early prepayment subject to a notice period. The loan is secured by a combination of a Personal Guarantee, Corporate Guarantee, Debenture (Floating Charge over Inventory), and a Deed of Subordination. In the event of default, default interest of 5% per annum applies, and the lender has the right to enforce the security. 19.Significant related party transactions A related party is defined as follows: (a)A person or a close member of that person’s family is related to the Group and Company if that person: (i)Has control or joint control over the Company; (ii)Has significant influence over the Company; or (iii)Is a member of the key management personnel of the Company or of a parent of the Company. (b)An entity is related to the Group and the Company if any of the following conditions applies: (i)The entity and the Company are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others); (ii)One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a Company of which the other entity is a member); (iii)Both entities are joint ventures of the same third party; (iv)One entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v)The entity is a post -employmentbenefit plan for the benefit of employees of either the Company or an entity related to the Company. If the Company is itself such a plan, the sponsoring employers are also related to the Company; (vi)The entity is controlled or jointly controlled by a person identified in (a); (vii) A person identified in (a) (i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); or (viii) The entity, or any member of a