Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 355

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 355
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 the Company obtained a secured loan facility from Curzon Capital Pte Ltd which bears interest rate at 16% per annum. It is repayable over 3 years equally at the end of each year, with an option for early prepayment subject to a notice period. The loan is secured by a combination of a Personal Guarantee, Corporate Guarantee, Debenture (Floating Charge over Inventory), and a Deed of Subordination. In the event of default, default interest of 5% per annum applies, and the lender has the right to enforce the security. 19.Significant related party transactions A related party is defined as follows: (a)A person or a close member of that person’s family is related to the Group and Company if that person: (i)Has control or joint control over the Company; (ii)Has significant influence over the Company; or (iii)Is a member of the key management personnel of the Company or of a parent of the Company.

F-74

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 19.Significant related party transactions (cont.) (b)An entity is related to the Group and the Company if any of the following conditions applies: (i)The entity and the Company are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others); (ii)One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a Company of which the other entity is a member); (iii)Both entities are joint ventures of the same third party; (iv)One entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v)The entity is a post -employmentbenefit plan for the benefit of employees of either the Company or an entity related to the Company. If the Company is itself such a plan, the sponsoring employers are also related to the Company; (vi)The entity is controlled or jointly controlled by a person identified in (a); (vii) A person identified in (a) (i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); or (viii) The entity, or any member of