Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 375

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 375
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 directors. Accordingly, regardless of the outcome of the non -bindingadvisory vote, BLAC and OSR Holdings intend that the Amended Charter, in the form attached to and incorporated into this proxy statement/prospectus as Annex F and containing the provisions noted above, will take effect at the Closing, assuming approval of the Charter Proposal (Proposal 2). Recommendation of the Board of Directors OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT BLAC STOCKHOLDERS VOTE “FOR” EACH OF THE ADVISORY GOVERNANCE PROPOSALS. 225 PROPOSAL NO. 4 — THE INCENTIVE PLAN PROPOSAL On January29, 2025, the BLAC Board adopted the Omnibus Plan, subject to the receipt of stockholder approval at the BLAC Stockholders’ Meeting. The ability to grant equity -basedcompensation awards is critical to attracting and retaining highly qualified individuals. The BLAC Board believes that it is in the best interests of our stockholders for those individuals to have an ownership interest in BLAC in recognition for their contributions and to align their interests with those of our future stockholders. 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