Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 353

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 353
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 Upon completion of the group reorganization on May 25, 2023, Swisslog Healthcare became a minority shareholder in Otsaw Limited. 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. Service and Maintenance Mandated by the Shareholders Agreement, and pursuant to the Master Asset Sale Agreement, the Otsaw -SwisslogJV entered into service agreements on December 1, 2021 with (i) Swisslog Healthcare GmbH; and (ii) Swisslog Healthcare Asia Pacific Pte. Ltd. respectively, for a term of 1 year with the option to renew these service agreements for up to two successive periods of 1 year each (subject to 3 or 6 months prior written notice, as applicable). These agreements have since been terminated on 31 December 2022 and the existing customer services and maintenance contracts acquired by the Otsaw -SwisslogJV under the Master Asset Sale Agreement have been novated to the Otsaw -SwisslogJV. However, we have not novated the contracts with our customers in Italy, which mainly comprises Italian hospitals. We have instead appointed Swisslog Healthcare ltaly S.P.A. SU as our agent, given the stringent local qualifications and experience required for a company to serve Italian hospitals. The Otsaw -SwisslogJV is therefore responsible for fulfilling the obligations under the existing customer services and maintenance contracts except in Italy, where Swisslog Healthcare Italy S.P.A. SU handles these responsibilities. F-70

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 15. Otsaw-Swisslog Healthcare Joint Venture (cont.) Royalty For as long as Swisslog Healthcare is