Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 286

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 286
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log Healthcare brand name, and there are therefore no royalties payable. Put and Call Options Under the Shareholders Agreement, Otsaw grants Swisslog Healthcare the put option and Swisslog grants Otsaw the call option to acquire Swisslog Healthcare’s 40% interest in the Otsaw -SwisslogJV, in three tranches comprising of 1,333shares per tranche exercisable on the 1st, 2nd and 3rd anniversary from November30, 2022, at a strike price of SGD 800,000 per tranche. The put option gives Swisslog Healthcare the right to require Otsaw to purchase Swisslog F-30

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 16.Otsaw-Swisslog Healthcare Joint Venture (cont.) Healthcare’s 40% interest in the Otsaw -SwisslogJV pursuant to the put and call arrangement. The call option gives Otsaw the right to purchase Swisslog Healthcare’s interest in the Otsaw -SwisslogJV pursuant to the put and call arrangement. As at January20, 2025, following the exercise of options relating to the Swisslog asset acquisition, Otsaw Swisslog Healthcare Robotics Pte. Ltd. is 100% owned by Otsaw Technology Solutions Pte. Ltd., which is headquartered and incorporated in Singapore. Accounting of the Acquisition of Assets In November 2021, as a result of the above Otsaw -SwisslogJV arrangement, Otsaw Technology Solutions Pte Ltd recorded Intangible Assets that were acquired from Swisslog Healthcare. Total purchase consideration was USD 5,031,632. It consists of cash USD 1,077,281 (S$1.5 million), 36,613 ordinary share of Otsaw Technology Solutions Pte Ltd USD 2,238,590, ordinary share of Otsaw Swisslog Healthcare Robotics Pte Ltd USD 2,889 and deferred consideration USD1,594,699 (a 40% ownership). In January 2023, a deferred consideration payment of USD 97,002 and a consideration adjustment of USD486,468 were made due to revenue targets not met, resulting in recognising other income of the said amount. In January 2024, a deferred consideration payment of USD 335,648 and a consideration adjustment of USD