Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 407

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 407
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 originally named as a “Participating Company Stockholder” in the Business Combination Agreement.

The Participating Joinders contain customary representations, warranties
and covenants, and include a general release of all claims against the Company, OSR and each of its and their respective affiliates, successors,
assigns, officers, directors, employees, agents, administrators and trustees.

The foregoing summary is subject to and qualified in its entirety by
reference to the Form of Participating Joinder, which is filed hereto as Exhibit 10.1 to the Company’s February 21, 2025 8-K Filing
and the terms of which are incorporated herein by reference.

Prior to the Closing Date, the Company entered into non-participating
joinders (the “Non-Participating Joinders” and, together with the Participating Joinders, the “Joinders”)
with the Non-Participating Stockholders, pursuant to which the Non-Participating Stockholders became party to the Business Combination
Agreement with all attendant rights, duties and obligations (including in respect of all of the representations, warranties, covenants,
agreements and conditions of the Business Combination Agreement), with the same force and effect as if originally named as a “Non-Participating Company
Stockholder” in the Business Combination Agreement.

86

The Non-Participating Joinders contain put and call rights for
the Non-Participating Stockholders and the Company, respectively, whereby the Non-Participating Stockholders shall have
the Put Right and the Company shall have the Call Right.

The Put Right and Call Right will be exercisable on or after the Trigger
Date. The Put Right and Call Right terminate and expire 120 days after the Trigger Date.

The Non-Participating Joinders contain customary representations,
warranties and covenants, and include a general release of all claims against the Company, OSR and each of its and their respective affiliates,
successors, assigns, officers, directors, employees, agents, administrators and trustees.

The foregoing summary is subject to and qualified in its entirety by
reference to the Form of Non-Participating Joinder, which is filed hereto as Exhibit 10.2 to the Company’s February 21, 2025 8-K
Filing and the terms of which are incorporated herein by reference.

Additionally, on the Closing Date, the Company entered into Lock-up
Agreements