Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 196

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 196
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 will consider a broad range of factors relating to the qualifications and background of nominees, which may include diversity (not limited to race, gender or national origin). Our nominating and corporate governance committee’s and board’s priority in selecting board members is identification of persons who will further the interests of our stockholders through their established record of professional accomplishment, the ability to contribute positively to the collaborative culture among board members, knowledge of our business, understanding of the competitive landscape and professional and personal experience and expertise relevant to our growth strategy. Code of Conduct and Code of Ethics Prior to the effectiveness of the registration statement of which this prospectus is a part, we intend to adopt a written code of business conduct and ethics that applies to our directors, officers and employees, including our chief executive officer, chief financial officer, principal accounting officer or controller or persons performing similar functions. We intend to disclose any amendments to the code of ethics, and any waivers of the code of ethics or the code of conduct for our directors, executive officers and senior finance executives, on our website to the extent required by applicable U.S. federal securities laws and the corporate governance rules of the Nasdaq. 122 Insider Trading Policies Effective October 23, 2000, the SEC adopted rules related to insider trading. Rule 10b5 -1of the Securities Exchange Act of 1934, as amended, provides an exemption to the insider trading rules in the form of an affirmative defense through the creation of formal 10b5 -1plans under which executives and other insiders may arrange the sale of securities of publicly traded companies on a regular pre -arrangedbasis pursuant to written 10b5 -1plans. Such 10b5 -1plans are entered into at a time when the plan participants are not aware of material non -publicinformation and that otherwise comply with the requirements of Rule 10b5 -1. Our board of directors has adopted an insider trading policy that allows insiders to sell securities of our Company pursuant to pre -arrangedtrading plans. Board Committees We plan to establish three committees under the board of directors: an audit committee, a compensation committee and a nominating committee. We plan to adopt a charter for each of the three committees. Copies of our committee charters will be posted on our corporate investor relations website immediately prior to our listing on the Nasdaq Capital Market. Each committee’s members and functions are described below. Audit Committee.Our audit committee will consist of Dr. John M. Dolan, Mr. Christopher T. Olivia and Ms. Susan