Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 360

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 360
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4, the Company obtained a secured loan facility from Curzon Capital Pte Ltd which bears interest rate at 16% per annum. It is repayable over 3 years equally at the end of each year, with an option for early prepayment subject to a notice period. The loan is secured by a combination of a Personal Guarantee, Corporate Guarantee, Debenture (Floating Charge over Inventory), and a Deed of Subordination. In the event of default, default interest of 5% per annum applies, and the lender has the right to enforce the security. As of October31, 2024, we had an outstanding balance under this loan of US$1,524,099, including a current portion of US$1,006,062. Subsequently on March1, 2025, the loan was assigned to Capital, Credit & Risk Partners Pte Ltd. 19.Significant related party transactions A related party is defined as follows: (a)A person or a close member of that person’s family is related to the Group and Company if that person: (i)Has control or joint control over the Company; (ii)Has significant influence over the Company; or (iii)Is a member of the key management personnel of the Company or of a parent of the Company. (b)An entity is related to the Group and the Company if any of the following conditions applies: (i)The entity and the Company are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others); (ii)One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a Company of which the other entity is a member); (iii)Both entities are joint ventures of the same third party; (iv)One entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v)The entity is a post -employmentbenefit plan for the benefit of employees of either the Company or an entity related to the Company. If the Company is itself such a plan, the sponsoring employers are also related to the Company; (vi)The entity is controlled or jointly controlled by a person identified in (a); F-75

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND