Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 396

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 396
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 |

|                                  |     | For the four   
 months ended   
 April 30, 2023 |           |
|:---------------------------------|:----|:---------------|----------:|
| Recognized in cost of revenues   |     | $              |         — |
| Recognized in operating expenses |     |                | 1,342,786 |
| Total                            |     | $              | 1,342,786 |

F-126

PayNow Inc. Notes to the Financial Statements (Continued)

| (b) | Employee benefits expense |

|                                                  |     | For the four   
 months ended   
 April 30, 2023 |           |
|:-------------------------------------------------|:----|:---------------|----------:|
| Salary                                           |     | $              | 5,605,246 |
| Labor and health insurance                       |     |                |   210,152 |
| Pension                                          |     |                |   236,372 |
| Others                                           |     |                |   410,128 |
| Total                                            |     | $              | 6,461,898 |
|                                                  |     | For the four   
 months ended   
 April 30, 2023 |           |
| Employee benefits expense summarized by function |     |                |           |
| Recognized in cost of revenues                   |     | $              |   420,864 |
| Recognized in operating expenses                 |     |                | 6,041,034 |
| Total                                            |     | $              | 6,461,898 |

F-127

PART II INFORMATION NOT REQUIRED IN PROSPECTUS

| Item 6. | Indemnification of Directors and Officers |

Cayman Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Under the Company’s Second Amended and Restated Memorandum and Articles, which will become effective immediately prior to the completion of this offering, to the fullest extent permissible under Cayman Islands law every director and officer of our company shall be indemnified against all actions, proceedings, costs, charges, expenses, losses, damages, or liabilities incurred or sustained by him in connection with the execution or discharge of his duties, powers, authorities, or discretions as a director or officer