Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 162

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 162
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 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. Manufacturing and Supply of the TransCar System Under the Supply Agreement, Reis Robotics will produce and manufacture the TransCar AGVs for the Otsaw -SwisslogJV. Reis Robotics will discontinue manufacturing of the TransCar AGVs on June 30, 2025 and the next generation of TransCar, TransCar 5.0, will be produced in -houseat our manufacturing facility in Singapore. 100

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. Management of the Otsaw-Swisslog JV The Otsaw -SwisslogJV is managed by a board of directors (the “JV Board”). All decisions are made by a majority vote of the members of the JV Board. The chairman of the JV Board will be Mr. Ling Ting Ming or any other director appointed by Otsaw Technology. If the chairman is not able to fulfill his duties as chairman at