Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 180

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 180
---
 agreements: •Allow the Otsaw -SwisslogJV to identify the specific assets to be acquired from Swisslog Healthcare; •Mandate the Otsaw -SwisslogJV to continue to develop and market the TransCar system; •Govern the management mechanisms of the Otsaw -SwisslogJV; •Grant the Otsaw -SwisslogJV the royalty free right to use the Swisslog Healthcare brand name; and •Include put and call options regarding the membership interests in the Otsaw -SwisslogJV, as well as other customary provisions related to transfers of such interests. The Umbrella Agreement amends certain terms of the Otsaw -SwisslogJV, including terms in relation to the put and call options. The Umbrella Agreement also provides for the purchase of the remaining stock and inventory as provided for under the Master Asset Sale Agreement. Asset Transfer and Acquisition Under the Master Asset Sale Agreement, Otsaw -SwisslogJV has acquired: 1) the existing customer services and maintenance contracts of the TransCar systems installed in Singapore, Germany, Italy, Netherlands, Norway and Switzerland; and 2) advance payments, claims, books and records in relation to the TransCar systems in Singapore, Germany, Italy, Netherlands, Norway and Switzerland. As consideration, Swisslog Healthcare received S$1.5 million in cash, 36,613 ordinary shares in Otsaw Technology Solutions Pte Ltd. and a 40% ownership in the Otsaw -SwisslogJV. Upon completion of the group reorganization on May 25, 2023, Swisslog Healthcare became a minority shareholder in Otsaw Limited. 109

IP and Technology Transfer Under the Master Asset Sale Agreement, the Otsaw -SwisslogJV and Otsaw were given the right to acquire and have acquired the intellectual property rights relating to the TransCar systems and the process know -howrelating to their manufacturing and maintenance. This includes: (i) knowledge transfer of the codebase/code documentation, (ii) operation training, and (iii) documents relating to the manufacture, operation, and enhancement of the TransCar system. Furthermore, Swisslog Healthcare is obligated to assist in the transfer of know -howin relation to the design, function and maintenance of the TransCar system to the Otsaw -SwisslogJV and Otsaw. Manufacturing and Supply of the TransCar System Under the Supply Agreement, Reis Robotics will produce and manufacture the TransCar AGVs