Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 188

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 188
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 protection even if one or more nodes are
compromised.

For OwlPay, we adhere to industry-leading standards, including ISO 27001, to safeguard of our customers’ assets
in the process of transmission. We have implemented comprehensive internal control procedures that address both external and internal threats, including the risks of self-dealing and other potential conflicts of interest. For instance, our risk
management framework includes multi-factor authentication, regular security audits, and encryption of sensitive data. In addition to these preventative measures, we mitigate residual risks by securing insurance coverage, which provides an extra
layer of protection for our customers in the event of unforeseen incidents.

Furthermore, our infrastructure is designed for strict client
asset separation. Each client is assigned a unique, dedicated wallet address to isolate that client’s assets securely and prevent commingling of assets between clients, with our assets, and those of affiliates of ours. Each wallet address is
tied exclusively to the client, promoting transparency and clear ownership of digital assets. This address is never reused for other clients, allowing customers to independently verify their holdings at any time on public blockchain ledgers. This
infrastructure design eliminates the possibility of commingling assets between customers and/or us or our affiliates.

Our Partnerships

As a player in the digital assets economy and global payment system, we partner with third parties in the ordinary course of our business that
allow us to integrate third party capacities with ours to deliver services to our customers. We enter into binding commercial agreements under customary terms with these third parties, pursuant to which we would pay agreed-upon service fees to
utilize their services.

We partner with a USDC issuer, digital assets exchanges and settlement providers which help enable us to roll out
services relevant to stablecoin on/off-ramping. For example, Circle, a USDC issuer, provides us with the

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services that include our purchase and redemption of the stablecoins supported by Circle such as USDC with fiat currencies and a swapping mechanism enabling our transfer of such stablecoins
between supported blockchains. Bridge Ventures, the settlement provider operating the platform Bridge XYZ, allows us to integrate their API with our products to enable our customers to access their back-end services of acquiring and selling
stablecoins with fiat currencies. Coinbase Prime, a digital asset exchange, also allows us to effectuate conversions between fiat currencies and USDC and in addition provides trade execution services for us to acquire via Coinbase Prime certain
digital assets that are necessary for our operations (e.g., payment of gas fees incurred