Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 185

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 185
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 Otsaw. In the event of an equality of votes, the chairman shall have a casting vote. Swisslog Healthcare and Otsaw Technology shall each be entitled to appoint up to the number of directors as set out below:

| Shareholder         |     | No. of directors (for so 
 long as Otsaw Technology 
  and Swisslog Healthcare 
 respectively hold Shares 
 representing 60% and 40% 
         of the shares of 
        Otsaw-Swisslog JV |     | No. of directors (for so 
 long as Otsaw Technology 
  and Swisslog Healthcare 
 respectively hold Shares 
 representing 86.665% and 
 13.335% of the shares of 
        Otsaw-Swisslog JV |     | No. of directors (for so 
 long as Otsaw Technology 
  and Swisslog Healthcare 
 respectively hold Shares 
  representing 93.33% and 
   6.67% of the shares of 
        Otsaw-Swisslog JV |
| Otsaw Technology    |     |                        2 |     |                        2 |     |                        3 |
| Swisslog Healthcare |     |                        1 |     |                        1 |     |                        1 |

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 -SwisslogJV, in three tranches comprising 1,333shares per tranche exercisable on the 1 st, 2 ndand 3 rdanniversary from November 30, 2022 (or at any time before the respective date of each tranche), at a strike price of SGD 800,000 per tranche. The final consideration to be paid for each tranche is subject to a consideration adjustment calculated based