Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 308

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 308
---
 reference date for Class A Preferred Shares. If the Company has a surplus for the fiscal                                                                                                                                                                                                                    
 year, after deducting taxes and other statutory obligations in accordance with the law, offsetting any losses and allocating 10% of the remaining amount as legal reserves, any remaining profits from the fiscal year, as well as any accumulated                                                                                                                                                                                                                  
 undistributed profits from previous years, shall be prioritized for the distribution to the holder of Class A Preferred Shares. In the event of insufficient profits or no profits for distribution to the holder of Class A Preferred Shares,                                                                                                                                                                                                                      
 any dividends that can be distributed shall still be prioritized for the holder of Class A Preferred Shares. Any dividends that are not distributable due to insufficient profits should be made up for in subsequent profitable years or handled                                                                                                                                                                                                                   
 according to the terms of redemption for Class A Preferred Shares mentioned in point (d).                                                                                                                                                                                                                                                                                                                                                                           |

F-32

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| (e) | The first extension: |

According to the Notice from the Investor dated November 8, 2021, the issuance period of Class A Preferred Shares was extended for one year to July 22, 2023, and the dividends during the extension period was calculated based on the original agreed annual interest rate of 1.5%.

| (f) | The second extension: |

On July 21, 2023, an amendment was made to the Subscription Agreement based on the resolution decided during the 103 rdmeeting of the Investor, wherein the issuance period of Class A Preferred Shares shall be extended for another year until July 22, 2024, and the dividends during the extension period shall be calculated based on the original agreed annual interest rate of 1.5%. In addition, the Company shall pay the dividends to the Investor for the original issuance period (which was two-year)and the preceding year thereafter (for a total of 3 years) before July 22, 2023. Furthermore, when July 21, 2024, the expiration of the latest extended issuance period of Class A Preferred Shares mentioned above, the Company shall gradually redeem its Class A Preferred Shares and pay the corresponding dividends within five years on a quarterly installment basis.

| (g) | If the Company is to be wound up or liquidated, before any distribution or payment shall be made to the holders                                                                                                                                     
 of any other shares in the Company, each class A Preferred Shares shall be