feat:(olm): Integrate support for OLMv1 into common OLM plugin

[chiragkyal]

What this PR does / why we need it:

Follow up: #70
xref: #76

Which issue(s) this PR fixes:

Fixes

Special notes for your reviewer:

Checklist:

• Subject and description added to both, commit and PR.
• Relevant issues have been referenced.
• This change includes docs.

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This pull-request has been approved by: chiragkyal
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