Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 195

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 195
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 any financing irrevocably committed at or in connection with such closing, whether or not drawn down. In connection with the advisory role, we also agreed to provide payment for incurred expenses not greater than US$150,000. Under the Engagement Agreement we also agreed to pay CMD a single success fee of US$75,000 in connection with the completion of this offering. CMD was given the exclusive right to act as an investment banker for significant corporate transactions for two years post -engagementand if a transaction occurs within the twelve month period or eight months after the termination of the 12month period, we have agreed to pay CMD a fee of 3.80% of the total aggregate value of any financing transaction we enter into. We agreed to indemnify CMD under the terms of the Engagement Agreement. On December19, 2024 we entered into a second engagement via an advisory agreement with CMD under which CMD committed to providing advice on potential transactions, acquisitions, dispositions, and various other corporate matters (the “Advisory Agreement”). Under the Advisory Agreement we agreed to pay CMD retainer and incentive fees including US$675,000, or two instalments of US$337,500, as a retainer fee no later than April15, 2025 or as soon as a financing transaction of US$5,000,000 or more is completed. Further retainer fees of US$250,000 are due by September1, 2025, and February15, 2026. Additionally, we will negotiate a separate incentive fee with CMD of up to $1,300,000, payable by February15, 2026. The Advisory Agreement does not commit CMD to raising capital for us and can be terminated by either party with written notice, but certain provisions, including those related to fees, expenses, and indemnity, will remain in effect. We agreed to indemnify CMD under the terms of the Advisory Agreement. Sales and Distribution We sell our products worldwide through multiple sales channels, including through our direct sales force and distributors, who resell our products to end customers. As of the date of the prospectus, our global network of distributors consisted of approximately 20 distributors, through which we have established distributor network in Singapore, Malaysia, Indonesia, South Korea, Hong Kong, UAE, Oman, Kuwait and Australia. We have established international reseller and strategic partnership agreements with all of our distributors. Pursuant to the international reseller agreements, our distributors purchase the products directly from us, with the option to either lease