Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 922

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 922
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-1 extent such limitation on or exemption from liability is not permitted under the DGCL. The effect of this provision of the Amended Charter is to eliminate our rights and those of our stockholders (through stockholders’ derivative suits on our behalf) to recover monetary damages against a director or executive officer for breach of the fiduciary duty of care as a director or executive officer, including breaches resulting from negligent or grossly negligent behavior, except, as restricted by Section 102(b)(7) of the DGCL. However, this provision does not limit or eliminate our rights or the rights of any stockholder to seek non -monetaryrelief, such as an injunction or rescission, in the event of a breach of a director or executive officer’s duty of care. The Amended Bylaws will also provide that we will, to the fullest extent authorized or permitted by applicable law, indemnify our current and former officers and directors, as well as those persons who, while our directors or officers, are or were serving at our request as directors, officers, employees or agents of another corporation or of a partnership, joint venture, trust, other enterprise or a nonprofit entity, including service with respect to an employee benefit plan, to the extent such person was or is made a party to or is threatened to be made a party to or is otherwise involved in any threatened, pending or completed proceeding, whether civil, criminal, administrative or investigative, against all liability and loss suffered and expenses (including, without limitation, attorney’s fees, judgments, fines, ERISA excise taxes and penalties and amounts paid in settlement) reasonably incurred or suffered by any such person in connection with any such proceeding. Notwithstanding the foregoing, a person eligible for indemnification pursuant to the Amended Bylaws will be indemnified by us in connection with a proceeding initiated by such person only if such proceeding was authorized by the New OSR Board of directors, except for proceedings to enforce rights to indemnification. The Amended Bylaws will also provide a person eligible for indemnification pursuant to the Amended Bylaws with the right to be paid by us the expenses (including attorneys’ fees) incurred in defending or otherwise participating in any proceeding referenced above in advance of its final disposition, provided, however, that if the DGCL requires, an advancement of expenses incurred by a person eligible for indemnification pursuant to the Amended Bylaws in his or her capacity as a director or officer of us will be made only upon delivery to us of an undertaking, by or on behalf