Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 225

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 225
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 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. 136 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 and corporate governance 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 Nasdaq. 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 E. Skerritt, upon the effectiveness of their appointments. Ms. Susan E. Skerritt is expected to be the chair of our audit committee. The audit committee will oversee our accounting and financial reporting processes and the audits of the financial statements of our company. The audit committee will be responsible for, among other things: •appointing the independent auditors and pre -approvingall auditing and non -auditingservices permitted to be performed by the independent auditors; •reviewing with the independent auditors any audit problems or difficulties and management’s response; •discussing the annual audited financial statements with management and the independent auditors; •reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; •reviewing and approving all proposed related party transactions; •meeting separately and periodically with management and the independent auditors; and •monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance. Compensation Committee.Our compensation committee will consist of Dr. John M. Dolan, Mr. Christopher T. Olivia and Ms. Susan E. Skerritt, upon the effectiveness of their appointments. Mr. Christopher T. Olivia is expected to be the chair of our compensation committee. The compensation committee will be responsible for, among other things: •reviewing and approving