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Ocean Sky International Limited - Ocean Sky International Ltd ...

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12. In the event of an under-subscription for Offer Shares as at the close of the Application List, we will<br />

made available that number of Offer Shares under-subscribed to satisfy applications for Placement<br />

Shares to the extent that there is an over-subscription for Placement Shares as at the close of the<br />

Application List.<br />

In the event of an under-subscription for Placement Shares as at the close of the Application List,<br />

we will make available that number of Placement Shares under-subscribed to satisfy applications<br />

for Offer Shares to the extent that there is an over-subscription for Offer Shares as at the close of<br />

the Application List.<br />

In the event of an over-subscription for Offer Shares as at the close of the Application List and<br />

Placement Shares are fully subscribed or over-subscribed as at the close of the Application List,<br />

the successful applications for Offer Shares will be determined by ballot or otherwise as<br />

determined by our Directors and approved by the SGX-ST.<br />

13. You irrevocably authorise CDP to disclose the outcome of your application, including the number of<br />

New Shares allotted to you pursuant to your application, to authorised operators.<br />

14. Any reference to the “you” in this section shall include an individual, a corporation, an approved<br />

nominee and trustee applying for the Offer Shares by way of an Application Form or by way of an<br />

Electronic Application and a person applying for the Placement Shares through the Joint Lead<br />

Placement Agents by way of a Placement Shares Application Form.<br />

15. By completing and delivering an Application Form or by making and completing an Electronic<br />

Application by (in the case of an ATM Electronic Application) pressing the “Enter” or “OK” or<br />

“Confirm” or “Yes” key on the ATM (as the case may be) or by (in the case of an Internet Electronic<br />

Application) clicking “Submit” or “Continue” or “Yes” or “Confirm” on the IB website screen (as the<br />

case may be) in accordance with the provisions of this Prospectus, you:-<br />

(a) irrevocably offer to subscribe for the number of Offer Shares specified in your application (or<br />

such smaller number for which the application is accepted) at the Issue Price and agree that<br />

you will accept such Offer Shares as may be allotted to you, in each case on the terms of<br />

this Prospectus and on the terms and subject to the conditions set out in this Prospectus<br />

and the Memorandum of Association and Bye-laws of our Company; and<br />

(b) warrant the truth and accuracy of the information provided in your application.<br />

16. Our acceptance of applications will be conditional upon, inter alia, we being satisfied that:-<br />

(a) permission has been granted by the SGX-ST to deal in and for quotation for all our existing<br />

Shares and the New Shares on a “when issued” basis on the SGX-ST; and<br />

(b) the Management and Underwriting Agreement and the Placement Agreement referred to on<br />

page 139 of this Prospectus have become unconditional and have not been terminated or<br />

cancelled prior to such date as our Company may determine.<br />

17. The Issue Price for each Offer and Placement Share is S$0.23 and S$0.21 for each Reserved<br />

Share.<br />

18. We will not hold any applications in reserve.<br />

19. We will not allot and/or allocate Shares on the basis of this Prospectus later than six months after<br />

the date of this Prospectus.<br />

20. Additional terms and conditions for applications by way of Application Forms are set out on pages<br />

A-4 to A-7 of this Prospectus.<br />

21. Additional terms and conditions for applications by way of Electronic Applications are set out on<br />

pages A-7 to A-13 of this Prospectus.<br />

A - 3

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