Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 92

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 92
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 the Company of a transaction that will result in a change in control (as defined in the Non-Participating Joinder) of the
Company (the “Trigger Date”). The Put Right and Call Right terminate and expire 120 days after the Trigger Date.
The exchange ratio is fixed under the put/call rights at the same exchange ratio set forth in the Business Combination Agreement, and
there is no option for cash settlement. Holders of approximately 11% of the outstanding OSR Common Stock did not sign a Joinder and will
continue to hold their shares of OSR Common Stock, and such shares will not be subject to any contractual put or call rights, or other
conversion rights, with or into Company Common Stock.

As of the Closing Date, Kuk Hyoun Hwang beneficially
held approximately 67.8% of the outstanding shares of the Company Common Stock.

Prior to the Closing Date, the Company entered
into participating joinders (the “Participating Joinders”) with the Participating Stockholders, pursuant to which the
Company issued an aggregate of 16,282,047 shares of Company Common Stock to the Participating Stockholders in exchange for an aggregate
of 1,256,085 shares of OSR Common Stock, or approximately 67% of the outstanding shares of OSR Common Stock. Pursuant to the Participating
Joinders, the Participating Stockholders became party to the Business Combination Agreement with all attendant rights, duties and obligations
(including in respect of all of the representations, warranties, covenants, agreements and conditions of the Business Combination Agreement),
with the same force and effect as if originally named as a “Participating Company Stockholder” in the Business Combination
Agreement.

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The Participating Joinders contain customary representations,
warranties and covenants, and include a general release of all claims against the Company, OSR and each of its and their respective affiliates,
successors, assigns, officers, directors, employees, agents, administrators and trustees.

The foregoing summary is subject to and qualified
in its entirety by reference to the Form of Participating Joinder, which is filed hereto as Exhibit 10.1 to the Company’s February
21, 2025 8-K Filing.

Prior to the Closing Date, the Company entered
into non-participating joinders (the “Non-Participating Joinders” and, together with the Participating Joinders,