Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 187

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 187
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 provider licenses or money transmitter licenses in the EU, the United Kingdom, South America and other jurisdictions where we plan to launch our OwlPay business. For
further details, see “— Regulations.” As a result, we expect to incur a substantial amount of legal fees and application fees in our attempts to apply for and obtain relevant licenses. By possessing the required qualifications in an
increasing number of jurisdictions, we will be able to further grow the scope of our business offerings as well as our customer base.

Our Technology

We have been focused on the power of blockchain technology and have garnered a deep understanding of the blockchain technology and its
applications. We focus on creating a user and developer-friendly software that empowers SMEs with optimized efficiency in business operations. Our research and development staff are based in our headquarters in Taipei, Taiwan as we project our
technology and scale our operations globally. We have continued to invest in our research and development capacity, and our technological capability is exemplified across our business segments.

In OwlTing Blockchain Services, we built a blockchain traceability solution for transparency in organic farming. Our solution stored on
the blockchain the production information and field data collected by IoT devices, along with an intuitive, easy-to-use user interface for customers to access records of
the whole supply chain. ForOwlNest, we applied our expertise in blockchain technology under the Ethereum ledger and smart contract to address the double-booking problems in the hospitality industry and enable dynamic pricing strategy. For
OwlPay, we built encryption mechanisms for all transactions we process with hardware security module technology. OwlPay also offers a wallet infrastructure to customers to implement stablecoin transactions and to receive and send money
with stablecoins over various public blockchain ledgers.

Our intellectual property rights are integral to our business. We utilize a
combination of patents, trademarks, copyrights, trade secrets and confidentiality policies to protect our proprietary rights. We routinely apply and

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submit registration for our intellectual property rights related to our products and services in the United States and internationally, particularly focusing on filing new patent applications for
U.S. invention patents related to fintech technology. We have registered 15 patents and 4 pending patent applications, including 1 registered patent and 1 pending patent application in the United States. We have 12 registered trademarks in the
United States and 103 registered trademarks internationally including in Taiwan. We have been running a long-term intellectual property incentive program to encourage employees to provide their creative ideas.

Our intellectual property rights protection and management is implemented through the