Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 576

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1B
Chunk 576
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 84,020

    Chief Executive Officer

    Gihyoun Bang, 

    Chief Financial Officer

    47,367

    0

    0

      0

    47,367

Narrative to Summary Compensation Table

None of our officers has received any cash compensation for services
rendered to us. We have paid and will continue to pay an affiliate of our Sponsor a total of $7,500 per month for office space, utilities
and secretarial and administrative support. Upon completion of our initial business combination, we will cease paying these monthly fees.
No compensation of any kind, including any finder’s fee, reimbursement, consulting fee or monies in respect of any payment of a
loan, will be paid by us to our Sponsor, officers, directors or any affiliate of our Sponsor, officers or directors, prior to, or in connection
with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction
that it is) except that we may pay BCM and/or any of its affiliates, partners or employees a fee for financial advisory services rendered
in connection with our identification, negotiation and consummation of our initial business combination; the amount of any fee we pay
to BCM and/or any of its affiliates, partners or employees will be based upon the prevailing market for similar services for such transactions
at such time, and will be subject to the review of our audit committee pursuant to the audit committee’s policies and procedures
relating to transactions that may present conflicts of interest. Our officers and directors will be reimbursed for any out-of-pocket expenses
incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable
business combinations. Our audit committee will review on a quarterly basis all payments that were made to our Sponsor, officers, directors,
advisors or our or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside
the Trust Account. Other than quarterly audit committee review of such payments, we do not expect to have any additional controls in place
governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection
with identifying and consummating an initial business combination.

During 2023, our Sponsor transferred 20,000 founder shares to each
of Drs. Chung, Reed and Roberts and Mssrs. Euh and Park for their board