Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 5

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 5
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wlPay is also designed to simplify backend
financial operations and cross-border transactions. For potential business clients, we offer APIs to connect the businesses with their bank accounts, including for vendor and order management, mass payouts, real-time exchanges and automated payment
processes. The payout transactions are encrypted with hardware security module technology, a specialized security device used to manage, process and store digital keys securely, in order to ensure cryptographic operations are performed within a
tamper-resistant environment.

We have built relationships with various settlement partners, including Circle, Coinbase Prime, Bridge
XYZ, MoneyGram, VISA and NIUM and are integrating their respective capabilities with those of the OwlPay platform to enable our customers to send funds and receive payments via fiat currency, credit cards and stablecoin USDC at the
user’s choice. We also serve as a “Stellar Anchor” on the send-side and/or receive-side that provides on/off-ramping capabilities with USDC on Stellar to other third parties on the Stellar Network. See “Business—Our
Partnerships.” By securing essential payment licenses in various regions, we currently have agreements in place with a number of financial institutions and financial and technology partners across multiple jurisdictions. In May 2023, we
enhanced our offerings by acquiring PayNow, a prominent payment gateway service provider in Taiwan, to offer a one-stop-shop solution from consumer payments to business payouts.

We currently offer OwlPay’s digital assets-related services through a separate, ancillary product, OwlPay Wallet Pro, and
plan to integrate the functionalities of OwlPay Wallet Pro into the OwlPay platform as a one-stop solution, in the first quarter of 2025. OwlPay Wallet Proprovides a hosted wallet infrastructure for business customers
and an unhosted wallet infrastructure for individual customers, enabling both business and individual customers to receive and send money both domestically and internationally within minutes, with stablecoins over the public blockchain ledgers
Ethereum, Avalanche, Polygon, Optimism, Arbitrum and Stellar. OwlPay Wallet Pro provides both business and individual customers with the services of on/off-ramping in conversion between USDCs and U.S.
dollars. For business customers that wish to leverage USDC, OwlPay Wallet Pro offers on/off-ramping capabilities via wire transfers and ACH. For individual customers, leveraging our partnership with MoneyGram, OwlPay Wallet Pro
provides on/off-ramping capabilities via cash. All transactions are within standard security and compliance infrastructure on par with a traditional financial institution. To make transactions more convenient