Company: OSRH
Filing Date: 2025-05-28
Form Type: S-1
Source: 0001213900-25-048346
Chunk: 89

Company: OSR Holdings, Inc.
Filing Date: 2025-05-28
Form: S-1
Chunk 89
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 and trustees. The foregoing summary is subject to and qualified in its entirety by reference to the Form of Non-Participating Joinder, a copy of which is filed as Exhibit 10.2 to Company’s February 21, 2024 Form 8-K and incorporated herein by reference. Additionally, on the Closing Date, the Company entered into Lock-up Agreements (the “ Lock-Up Agreements”)with Bellevue Capital Management LLC (“ BCM”), BCM Europe AG (“ BCME”), Sung Jae Yu, and Sung Hoon Chung (together, the ” Holders”), pursuant to which the Holders are contractually restricted from selling or transferring between 70%-100% of their shares of Company Common Stock received in the Share Exchange (the “ Lock-Up Shares”). Such restrictions became applicable commencing from the Closing Date and end (i) with respect to BCM and BCME, on the 36-month anniversary of the Closing Date; and (ii) with respect to Sung Jae Yu and Sung Hoon Chung, on January 1, 2026. The foregoing summary is subject to and qualified in its entirety by reference to the Form of Lock-Up Agreement, a copy of which is filed as Exhibit 10.3 to Company’s March 13, 2024 Form 8-K and incorporated herein by reference. As previously disclosed by the Company in its Current Report on Form 8-K filed On February 18, 2025, on February 14, 2025 the Company issued a press release announcing the closing of its previously announced business combination with the Company Co., Ltd., a corporation organized under the laws of the Republic of Korea. A copy of the press release is attached to the Company’s February 18, 2025 Form 10-K filing as Exhibit 99.1 thereto. As previously reported by the Company on Form 8-K dated October 25, 2024, on that date the Company advanced a loan to OSR in the amount of $300,000 evidenced by a promissory note (the “the Company Promissory Note”) that bears interest at a rate of 3.96% per annum, compound semi-annually, and is due on October 25, 2025. Interest is payable only on maturity. The following events constitute an event of default under the Company Promissory Note: (i) a failure to pay the outstanding balance due within five (5) business days of the Maturity Date and (ii) the commencement of a voluntary