Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 170

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 170
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 administrative functions for all of our products: • European regional center.Headquartered in Ausburg, Germany, this regional center is currently responsible for the direct sale of TransCar AGVs in Europe, supported by our Singapore headquarters. The European regional center coordinates closely with Swisslog Healthcare for the service, maintenance, and repair of the installed TransCar AGVs in Europe. We plan to expand the European regional center by adding sales, product, operation personnel to develop a direct sale and distributor network of AMRs and UV -Cdisinfection systems in Europe, in addition to the TransCar system, and to gradually take over the service, maintenance and repair function of TransCar AGVs in Europe from Swisslog Healthcare. • United States regional center.Headquartered in Boston, Massachusetts, our United States regional center is led by Ms. Cindy Luu, the General Manager of the Otsaw Digital, Inc. The United States regional center is currently responsible for our United States market expansion efforts, including specifically, business development, marketing, direct sales, and development of the distribution network of our products (including AMRs, UV -Cdisinfection systems, and TransCar AGVs) in the United States and Canada. Advisory Services On April30, 2024, we entered into an engagement via an engagement agreement (as amended on December12, 2024 and December20, 2024) with CMD Global Partners, LLC (“CMD”) under which CMD committed to provide financial services to us inclusive of raising capital through private placements of equity and/or debt securities or other financing arrangements and became an advisor to the Company’s initial public offering (the “Engagement Agreement”). Under the Engagement Agreement upon the completion of any financing, we agreed to pay CMD a cash fee of 7.80% of the aggregate amount of any financing irrevocably committed at or in connection with such closing, whether or not drawn down. In connection with the advisory role, we also agreed to provide payment for incurred expenses not greater than US$150,000. Under the Engagement Agreement we also agreed to pay CMD a single success fee of US$75,000 in connection with the completion of this offering. CMD was given the exclusive right to act as an investment banker for significant corporate transactions for two years post -engagementand if a transaction occurs within the twelve month period or eight months after the termination of the 12month period, we have agreed to pay CMD a fee of 3.80% of the total aggregate value of any financing transaction we enter into. We