Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 478

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 478
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     |             |     -0- |     | -0-           |     |         3.0 | % (annual) |

Each of the loan agreements permits the borrower to repay the principal only, without interest, in case of early repayment. BCME is owned by BCM, of which Mr. Hwang is the controlling member. On October 25, 2024, OSR Holdings executed a promissory note with BLAC, as described below:

| Maximum     
 loan amount |         |     | Largest aggregate  
 amount of          
 principal          
 outstanding during 
 2024               |         |     | Amount of      
 principal      
 outstanding on 
 August 31,     
 2024           |     | Amount of   
 principal   
 paid during 
 2024        |     | Amount of     
 interest paid 
 during        
 2024          |     |     Rate of 
    interest 
     payable 
 on the loan 
      amount |   |
|:------------|--------:|:----|:-------------------|--------:|:----|:---------------|:----|:------------|:----|:--------------|:----|------------:|:--|
| $           | 300,000 |     | $                  | 300,000 |     | -0-            |     | -0-         |     | -0-           |     |        3.96 | % |

OSR Holdings has adopted a policy that requires its board of directors’ prior approval of loans and borrowings from affiliates of OSR Holdings except for loans and borrowings that do not exceed (1) KRW 1 billion or (2) US$1 million (based on the currency used in the transaction), in which cases management has delegated authority to execute such loans and borrow funds on such terms as they determine are in the best interest of OSR Holdings.

302 INFORMATION ABOUT BLAC Overview BLAC is a Delaware blank check company incorporated on February 25, 2020 formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Business Combination with OSR Holdings is the result of an active search for a potential business combination transaction utilizing the network and investing and transaction experience of BLAC’s management team and the BLAC Board. Significant Activities since Inception On February 14, 2023, BLAC consummated its IPO of an aggregate of 6,000,