Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 341

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 341
---
 by an officer of OSR Holdings, certifying as to the satisfaction of the conditions specified in Section 8.02(a), Section 8.02(b)and Section 8.02(d)of the Business Combination Agreement; •No OSR Holdings Material Adverse Effect shall have occurred between November16, 2023 (the date of the initial Business Combination Agreement), and the Closing Date; •Other than those persons identified as continuing directors as per Section 2.08of the Business Combination Agreement, all members of the OSR Holdings Board and the Board of Directors of the Company Subsidiaries (as defined in the Business Combination Agreement) shall have executed written resignations effective as of the Effective Time; •OSR Holdings has delivered, or has caused to be delivered, to BLAC the Lock -UpAgreements duly executed by such holders of the OSR Holdings Common Stock as agreed between BLAC and OSR Holdings within 60 days from November16, 2023 (the date of the initial Business Combination Agreement); provided, however, in the event all such holders of the OSR Holdings Common Stock outstanding as of immediately prior to the Effective Time do not execute the Lock -UpAgreements delivered to BLAC, this condition shall be deemed to be satisfied if (i) none of such non -executingstockholders hold OSR Holdings Common Stock in excess of 1% of the OSR Holdings Common Stock outstanding immediately prior to the Effective Time, and (ii) the aggregate number of shares of OSR Holdings Common Stock held by all non -executingstockholders is less than 10% of the outstanding OSR Holdings Common Stock immediately prior to the Effective Time; •OSR Holdings has delivered, or cause to be delivered, to BLAC (i) Participating Stockholder Joinders duly executed by the Participating Company Stockholders, including Participating Company Stockholders holding at least 60% of the OSR Holdings Fully Diluted Share Amount, (ii) and Non -ParticipatingStockholder Joinders executed by the Non -ParticipatingCompany Stockholders; •On or prior to the Closing, OSR Holdings shall deliver to BLAC a properly executed certification that shares of OSR Holdings Common Stock are not “U.S. real property interests” in accordance with the Treasury Regulations under Sections 897 and 1445 of the Code, together with a notice to the IRS (which shall be filed by BLAC with the IRS following the Closing) in accordance with the provisions of Section