Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 376

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 376
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 UNANIMOUSLY RECOMMENDS THAT BLAC STOCKHOLDERS VOTE “FOR” EACH OF THE ADVISORY GOVERNANCE PROPOSALS. 225 PROPOSAL NO. 4 — THE INCENTIVE PLAN PROPOSAL On January29, 2025, the BLAC Board adopted the Omnibus Plan, subject to the receipt of stockholder approval at the BLAC Stockholders’ Meeting. The ability to grant equity -basedcompensation awards is critical to attracting and retaining highly qualified individuals. The BLAC Board believes that it is in the best interests of our stockholders for those individuals to have an ownership interest in BLAC in recognition for their contributions and to align their interests with those of our future stockholders. Notable Features of the Omnibus Plan As described in more detail below, certain notable features of the Omnibus Plan include: •granting of options and stock appreciation rights only at a per share exercise price at least equal to the fair market value of a share of common stock on the grant date; •granting of options with a ten -yearmaximum term; •awards are subject to potential clawback, forfeiture, repayment or other similar action pursuant to any clawback policy adopted by BLAC or an affiliate or applicable law; •no liberal share recycling; •no payment of dividends or dividend equivalent rights on options or stock appreciation rights, and no current payment of dividends or dividend equivalent rights on unvested performance -basedawards; and •no repricing of options or stock appreciation rights without prior stockholder approval. Summary of the Material Terms of the Omnibus Plan A summary of the material terms of the Omnibus Plan is set forth below. The following is qualified in its entirety by the full text of the Omnibus Plan, which is attached to this proxy statement/prospectus as Annex H and is incorporated by reference. We encourage stockholders to read and refer to the complete plan document in Annex H for a more complete description of the Omnibus Plan. Purpose and Eligibility The purpose of the Omnibus Plan is to (i) provide eligible individuals with an incentive to contribute to BLAC’s success and to operate and manage BLAC’s business in a manner that provides for BLAC’s long -termgrowth and profitability and that benefits BLAC’s stockholders and other important stakeholders, including BLAC’s employees and customers, and (ii) provide a means of recruiting, rewarding, and retaining key personnel. Equity awards may be granted under the Omnibus Plan to officers, directors