Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 585

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1B
Chunk 585
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,000 of such loans may be convertible
into Units, at a price of $10.00 per unit at the option of the lender, upon consummation of our initial business combination. The Units
issuable upon conversion of the working capital loans would be identical to the placement units. The terms of such loans by our Sponsor,
officers and directors or their affiliates, if any, have not been determined and no written agreements exist with respect to such loans.
We do not expect to seek loans from parties other than our Sponsor, officer and directors or their affiliates as we do not believe third
parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our Trust Account.
Loans made by Chardan or any of its related persons, if any, will not be convertible into any of our securities and Chardan and its related
persons will have no recourse with respect to their ability to convert their loans into any of our securities.

After our initial business combination, members of our management team
who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed
to our stockholders, to the extent then known, in the tender offer or proxy solicitation materials, as applicable, furnished to our stockholders.
It is unlikely the amount of such compensation will be known at the time of distribution of such tender offer materials or at the time
of a stockholder meeting held to consider our initial business combination, as applicable, as it will be up to the directors of the post-combination
business to determine executive and director compensation.

The holders of the founder shares, equity participation shares, placement
units, and units that may be issued upon conversion of working capital loans (and in each case holders of their component securities,
as applicable) have registration rights to require us to register a sale of any of our securities held by them pursuant to a registration
rights agreement signed in connection with our IPO. These holders will be entitled to make up to two demands, excluding short form registration
demands, that we register such securities for sale under the Securities Act. In addition, these holders will have “piggy-back”
registration rights to include their securities in other registration statements filed by us. Chardan may not exercise its demand and
“piggyback” registration rights after five and seven years, respectively, after the effective date of the registration statement
and may not exercise its demand rights on more than one