Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 312

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 312
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 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 December1, 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 6months 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-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.) Royalty For as long as Swisslog Healthcare is a shareholder, the Otsaw -SwisslogJV will have the right to use the Swisslog Healthcare brand name royalty free. 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. The Otsaw -SwisslogJV no longer uses the Swisslog 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 -