Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 231

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 231
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 corporation that is a shareholder shall be deemed for the purpose of our amended and restated memorandum and articles of association to be present at a general meeting in person if represented by its duly authorized representative. This duly authorized representative shall be entitled to exercise the same powers on behalf of the corporation which he represents as that corporation could exercise if it were our individual shareholder. Meetings of Directors The business of our Company is managed by the directors. Our directors are free to meet together (either within or outside of the Cayman Islands) for the despatch of business, adjourn, and otherwise regulate their meetings and proceedings as they think fit. The quorum necessary for the transaction of the business of the directors may be fixed by the directors, and unless so fixed, shall be two directors, provided that if at any time there is only a sole director then the quorum shall be one. An action that may be taken by the directors at a meeting may also be taken by a resolution in writing signed by all of the directors. No Pre-emptive Rights There are no pre -emptiverights applicable to the issue by us of Class A Ordinary Shares under our amended and restated memorandum and articles of association or the Companies Act. Transfer of Class A Ordinary Shares Subject to any applicable stock exchange rules, each Class A Ordinary Share and Class B Ordinary Share is transferrable provided that the directors of the Company may in their absolute discretion decline to register any transfer of a share: (i) which is not fully paid up or on which the Company has a lien; (ii) if such transfer would breach or cause a breach of any: (a) applicable stock exchange rules; or (b) applicable law or regulation; or (iii) where any of the following requirements are not met: (a) the instrument of transfer is lodged with the Company, accompanied by the certificate for the shares to which it relates and such other evidence as the directors may reasonably require to show the right of the transferor to make the transfer; (b) the instrument of transfer is in respect of only one class of shares; (c) the instrument of transfer is properly stamped, if required; (d) in the case of a transfer to joint holders, the number of joint holders to whom the share is to be transferred does not exceed four; or (e) a fee of such maximum sum as the applicable stock exchange authority may determine to be payable, or such lesser sum as the directors may from time to time require, is paid to the Company in respect thereof. Subject