Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 273

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 273
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Agreements Each of our officers, directors and certain holders of our outstanding ADSs have agreed, subject to certain exceptions, not to offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose of, directly or indirectly, any securities of the Company for a period of 180 days from the date of this prospectus, without the prior written consent of the Representative. We and any of our successors have agreed that for a period of 180 days we will not (i) offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose of, directly or indirectly, any securities, whether now owned or hereafter acquired by the undersigned or with respect to which the undersigned has or hereafter acquires the power of disposition (collectively, the “Lock-Up Securities”); (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Lock-Up Securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Lock-Up Securities, in cash or otherwise; (iii) make any demand for or exercise any right with respect to the registration of any Lock-Up Securities; or (iv) publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement relating to any Lock-Up Securities. Right of First Refusal Subject to certain conditions, we granted the Representative, for a period of 12 months immediately following the [closing of the offering], a right of first refusal to act as underwriter or book-running manager or placement agent, with at least 25% of the economics, for each and every future public and private equity and public debt offerings of the Company. In accordance with FINRA Rule 5110(g)(6)(A), such right of first refusal shall not have a duration of more than three years from the commencement of sales of this offering. Stabilization Until the distribution of shares of ADSs is complete, SEC rules may limit the ability of the underwriters to bid for and purchase shares of our ADSs. As an exception to these rules, underwriters are permitted to engage in certain transactions which stabilize the price of the shares of ADSs, which may include short sales, covering transactions and stabilizing transactions. Short sales involve sales of ADSs in excess of the number of shares to be purchased by the underwriters in the offering, which