Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 203

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 203
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-allotment option, or (ii) % of the total voting power of the Company, assuming the underwriters exercise their over-allotment option in full]. For so long as we remain a controlled company under this definition, we are permitted to elect to rely, and currently intend to rely, on certain exemptions from corporate governance rules, including the exemption from the requirements that:

| • |     | a majority of our board of directors consist of “independent directors” as defined under the rules of 
 Nasdaq;                                                                                               |

| • |     | our director nominees be selected, or recommended for our board of directors’ selection, by a 
 nominating/governance committee comprised solely of independent directors; and                |

| • |     | the compensation of our executive officers be determined, or recommended to our board of directors for 
 determination, by a compensation committee comprised solely of independent directors.                  |

139

Foreign Private Issuer Status

See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Foreign Private Issuer Status”.

Executive Officer and Director Compensation

For the year ended December 31, 2023, we paid an aggregate of US$673,800 in cash to our directors and executive officers. We have
not set aside or accrued any amount to provide pension, retirement or other similar benefits to our directors and executive officers. For further information regarding share awards granted to our directors and executive officers, see
“—Share Incentive Plan.”

Employment Agreements

We have entered into employment agreements with each of our executive officers in the form of our general employment agreement. Under these
agreements, the terms of employment of our executive officers are typically not specified. We may terminate employment for cause, at any time, without advance notice, for certain acts of the executive officer, such as conviction or plea of guilty to
a felony or any crime, or serious breach of duty of loyalty to us. We may also terminate an executive officer’s employment without cause pursuant to applicable law of the jurisdiction where the executive officer is based. Executive officers
typically may resign at any time with a 30-day advance written notice.

Each of these contracts of
employment provides for an initial salary, discretionary annual bonus opportunity, equity incentive opportunities and participation in welfare and retirement plans. Either party must give between 10 days and one month of prior written notice of a
termination of employment, subject to certain exceptions such as retirement or termination for cause. Our executive officers are generally subject to obligations not to compete with us