Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 45

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 in the Share Exchange (the “Lock-Up Shares”). Such restrictions became
applicable commencing from the Closing Date and end (i) with respect to BCM and BCME, on the 36-month anniversary of the Closing Date;
and (ii) with respect to Sung Jae Yu and Sung Hoon Chung, on January 1, 2026.

The
foregoing summary is subject to and qualified in its entirety by reference to the Form of Lock-Up Agreement, which is filed hereto as
Exhibit 10.3 to the Company’s February 21, 2025 8-K Filing.

As
previously disclosed by the Company in its Current Report on Form 8-K filed On February 18, 2025, on February 14, 2025 the Company issued
a press release announcing the closing of its previously announced business combination with the Company Co., Ltd., a corporation organized
under the laws of the Republic of Korea. A copy of the press release is attached to the Company’s February 18, 2025 Form 10-K filing
as Exhibit 99.1 thereto.

As
previously reported by the Company on Form 8-K dated October 25, 2024, on that date the Company advanced a loan to OSR in the amount
of $300,000 evidenced by a promissory note (the “the Company Promissory Note”) that bears interest at a rate
of 3.96% per annum, compound semi-annually, and is due on October 25, 2025. Interest is payable only on maturity. The following
events constitute an event of default under the Company Promissory Note: (i) a failure to pay the outstanding balance due within
five (5) business days of the Maturity Date and (ii) the commencement of a voluntary or involuntary bankruptcy action. The
funds were to be used by OSR for working capital and other expenses of OSR.

The
Company Promissory Note is filed as Exhibit 10.1 to the Company’s Form 8-K filing of October 25, 2025. The disclosures set forth herein are intended to be summaries only and are qualified in their entirety by reference
to the Company Promissory Note.

29

Nasdaq
Listing Rules Compliance

As
previously disclosed in the Company’s Current Report on Form 8-K filed on February 21, 2024, on February