Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 225

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 225
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last two fiscal years:

SAFE Agreements

The Company entered into SAFE agreements with certain investors in 2023 and 2025, in the aggregate amounts of US$430,000 and US$2,550,000,
respectively. Please refer to Note 14, “Non-current Financial Liabilities at Fair Value Through Profit or Loss” of our consolidated financial statements for more information. The rights issued in connection with the SAFE Agreements entered
into in 2023 have been converted into Class A Common Shares or cash upon the Company’s equity financing event in 2024. The rights issued in connection with the SAFE Agreements entered into in 2025, in the amount of financing of US$2,550,000,
will be at the discretion of the SAFE purchasers, (i) cashed out at the SAFE purchase amount plus an accrued interest at the simple rate of 5% per annum, or (ii) converted into a certain number of Class A Common Shares, immediately following the
listing of our Class A Common Share on Nasdaq by dividing the SAFE purchase amount by the open price of the Class A Common Share on the first day trading begins, representing the fair market value of the Class A Common Shares at the time of the
listing, and without any discount to such conversion price which number of shares is estimated to be Class A Common Shares based on an assumed open price of US$ per share.

Share Subscription Agreements for Class A Common Shares

The Company entered into share subscription agreements with certain investors for the subscription of Class A Common Shares in 2023, 2024,
and 2025 year to date, in the aggregate investment amounts of US$10,884,310, US$9,120,000, and US$16,235,700, in 2023, 2024, and 2025 year to date, respectively.

Each of the investors agreed to a customary lock-up obligation not to transfer or make any short sale of any securities of the Company for a
period not to exceed 180 days in connection with the first public offering of any class of the Company’s shares and upon request of the Company or the underwriters. In the event that the Board, or shareholders representing at least 70% of the
total issued and outstanding shares of the Company, have resolved to accept an offer to purchase their respective Company shares from a bona fide third party, the Company may obligate such investors to sell all of their respective shares in the
Company on the same