Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 91

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 91
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 of the Company’ business.

Our ability to recognize certain benefits of the Business Combination
and successfully operate the Company’s business following the Business Combination will depend upon the efforts of its key personnel.
Although we expect all of such key personnel to remain with the Company following the Business Combination, the unexpected loss of key
personnel may adversely affect its operations and profitability. In addition, the Company’s future success depends in part on its
ability to identify and retain key personnel to succeed senior management. Furthermore, while we have closely scrutinized the skills,
abilities and qualifications of the key OSR’ or its subsidiaries’ personnel that will be employed by the Company, our assessment
may not prove to be correct. If such personnel do not possess the skills, qualifications or abilities we expect or those necessary to
manage a public company, the operations and profitability of the Company’s business may be negatively impacted.

47

Claims for indemnification by our directors and officers may
reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available
to us.

The Amended Bylaws provide that we will indemnify our directors and
officers, in each case to the fullest extent permitted by Delaware law. In addition, as permitted by Section 145 of the DGCL, the
Amended Bylaws and the indemnification agreements that we will enter into with our directors and officers provide that:

●we will indemnify our directors and officers for serving us
in those capacities or for serving other business enterprises at its request, to the fullest extent permitted by Delaware law. Delaware
law generally provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably
believed to be in or not opposed to the best interests of the registrant and, with respect to any criminal proceeding, had no reasonable
cause to believe such person’s conduct was unlawful;

●we may, in our discretion, indemnify employees and agents in
those circumstances where indemnification is permitted by applicable law;

●we are required to advance expenses, as incurred, to our directors
and officers in connection with defending a proceeding, except that, if required by the DGCL, such directors or officers shall undertake
to repay such advances if it is ultimately determined that such person is not entitled to indemnification;

●we are not obligated pursuant to the Amended Bylaws to indemnify
a person with respect to proceedings initiated by that person against us or our other indemnitees, except with respect