Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 690

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1C
Chunk 690
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 of the Common Stock Purchase Agreement
and the White Lion RRA, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to the Company’s Current Report filed
on Form 8-K on February 28, 2025 and incorporated herein by reference.

Subsequently, on February 14, 2025, the Company consummated its previously
announced Business Combination with OSR Co., Ltd.

Off-Balance Sheet Arrangements 

We have no obligations, assets or liabilities which would be considered off-balance sheet
arrangements as of December 31, 2024. We do not participate in transactions that create relationships with unconsolidated entities
or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet
arrangements. We have not entered into any off-balance sheet financing arrangements, established any special purpose entities,
guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations 

We do not have any long-term debt, capital lease obligations, operating
lease obligations, purchase obligations or long-term liabilities, other than an agreement to pay an affiliate of our Sponsor a monthly
fee of $7,500, for office space, utilities and secretarial and administrative support. We began incurring these fees on March 1,
2023 and will continue to incur these fees monthly until the earlier of the completion of our initial business combination or our
liquidation.

Chardan is entitled to a deferred underwriting commission of $2,070,000. Also, we have incurred deferred legal fees payable upon consummation
of our initial business combination of approximately $1.25 million.

The holders of the founder shares, equity participation shares, placement
units, and units that may be issued upon conversion of working capital loans (and in each case holders of their component securities,
as applicable) are entitled to registration rights pursuant to the registration rights agreement. These holders are entitled to make up
to two demands, excluding short form registration demands, that we register such securities for sale under the Securities Act. In addition,
these holders will have “piggyback” registration rights to include their securities in other registration statements filed
by us. We will bear the expenses incurred in connection with the filing of any such registration statements. Chardan may not exercise
its demand and “piggy