Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 372

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 372
---
 Notable Features of the Omnibus Plan As described in more detail below, certain notable features of the Omnibus Plan include: •granting of options and stock appreciation rights only at a per share exercise price at least equal to the fair market value of a share of common stock on the grant date; •granting of options with a ten -yearmaximum term; •awards are subject to potential clawback, forfeiture, repayment or other similar action pursuant to any clawback policy adopted by BLAC or an affiliate or applicable law; •no liberal share recycling; •no payment of dividends or dividend equivalent rights on options or stock appreciation rights, and no current payment of dividends or dividend equivalent rights on unvested performance -basedawards; and •no repricing of options or stock appreciation rights without prior stockholder approval. Summary of the Material Terms of the Omnibus Plan A summary of the material terms of the Omnibus Plan is set forth below. The following is qualified in its entirety by the full text of the Omnibus Plan, which is attached to this proxy statement/prospectus as Annex H and is incorporated by reference. We encourage stockholders to read and refer to the complete plan document in Annex H for a more complete description of the Omnibus Plan. Purpose and Eligibility The purpose of the Omnibus Plan is to (i) provide eligible individuals with an incentive to contribute to BLAC’s success and to operate and manage BLAC’s business in a manner that provides for BLAC’s long -termgrowth and profitability and that benefits BLAC’s stockholders and other important stakeholders, including BLAC’s employees and customers, and (ii) provide a means of recruiting, rewarding, and retaining key personnel. Equity awards may be granted under the Omnibus Plan to officers, directors, including non -employeedirectors, other employees, advisors, consultants or other service providers of BLAC or BLAC’s subsidiaries or other affiliates, and to any other individuals who are approved by the Committee (as defined below) as eligible to participate in the Omnibus Plan. As of [•], 2025, there are [•] employees or directors that are eligible to participate in the Omnibus Plan, but we expect that [•] employees, including each of BLAC’s named executive officers, and approximately [•] non -employeedirectors, consultants, and advisors of BLAC will be eligible to participate in the Omnibus Plan after the consummation of the Business Combination. Only BLAC’s employees or employees of BL