Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 311

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 311
---
 to the maturity date due to force majeure or factors attributable to the Company, the rights of such unredeemed Class A Preferred Shares shall remain in effect until redemption by the Company; and provided further 
 that (a) the dividend rate of the Class A Preferred Shares shall remain unchanged during such period; and (b) the rights of the remaining outstanding Class A Preferred Shares under these Articles and Schedule A shall not be                  
 adversely impacted.                                                                                                                                                                                                                              |

| (k) | The Company recognized interest expenses of $42,381 and $40,411 for the years ended December 31, 2023 and 
 2022, respectively.                                                                                       |

F-33

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| NOTE 16. | Equity |

| (a) | Share capital |

|                                        |     |   | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:---------------------------------------|:----|:--|-------------:|:----|:----|-------------:|
| Number of shares authorized            |     |   |  200,000,000 |     |     |  200,000,000 |
| Share capital authorized               |     | $ |      200,000 |     |     |      200,000 |
| Number of shares issued and fully paid |     |   |   78,079,203 |     |     |   78,079,203 |
| Share capital issued                   |     | $ |       78,079 |     |     |       78,079 |

The total issued share capital of the Company includes common shares, which are divided into Class A Common Shares and Class B Common Shares (each with par value of $0.001). There are two types of common shares, with each Class A Common Share representing 1 voting right and each Class B share representing 10 voting rights, all other rights being equal. Each Class B Common Share is convertible into one Class A Common Share. Each Class A Common Share is not convertible into any other share, but not limited to Class B Common Share. However, each Class B Common Share shall be automatically, without further action by the holder thereof, converted into one fully paid and nonassessable Class A Common Share, upon the occurrence of a transfer. On April 15, 2022, the Company’s board of