Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 203

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 203
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| Total                    |     |       107 |

Our success depends on our ability to attract, motivate, train and retain qualified personnel. We believe we offer our employees competitive compensation packages and an environment that encourages in -housedevelopment. As a result, we have generally been able to attract and retain qualified personnel and maintain a stable core management team. Facilities We are headquartered in Singapore and operate in a corporate and assembly/manufacturing facility located at 10 Tampines North Drive 4 #01 -03, Tampines North Singapore 528553, consisting of approximately 17,255 square feet. The initial lease expired on April 15, 2025, and on June8, 2025, we signed a letter of acceptance with JTC Corporation to rent the premises for an additional 3 year period from June1, 2025 to May31, 2028. We believe that this facility, which includes office, demonstration, assembly, and repair space, will adequately serve our current needs. We lease an office space in Germany, at Bürgermeister -Wegele -Straße12, 86167 Augsburg, Germany. It is primarily used as the office space for our Europe regional center. The lease expires on July 31, 2027. We lease an office space in the United States, at 99 South Bedford Street, Burlington, Massachusetts MA 01803, USA. It is primarily used as the office space for our United States regional center. The lease expires on July 31, 2026. We lease our premises under operating lease agreements from independent third parties. We believe that our existing facilities are generally adequate to meet our current needs, but we expect to seek additional space as needed to accommodate future growth. Should we need additional space, we believe we will be able to obtain additional space on commercially reasonable terms. Insurance We maintain property insurance policies covering our equipment and facilities in accordance with customary industry practice. We carry occupational injury, medical, travel and pension insurance for our employees, in compliance with applicable regulations. We also carry director & officer (D&O) insurance. We will continue to review and assess our risk portfolio and make necessary and appropriate adjustments to our insurance practices to align with our needs and with industry practice in Singapore and in the market in which we operate. Legal Proceedings From time to time, we may become a party to various legal, arbitral or administrative proceedings or claims arising in the ordinary course of our business. Any