Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 731

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1C
Chunk 731
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 to our
Sponsor, officers, directors or our or their affiliates, none of which will be made from the proceeds of our IPO held in the Trust Account
prior to the completion of our initial business combination:

●Payment to an affiliate of our Sponsor of $7,500 per month
for office space, utilities and secretarial and administrative support until the closing of our initial business combination;

109

●We may pay BCM and/or any of its affiliates, partners or
employees a fee for financial advisory services rendered in connection with our identification, negotiation and consummation of our initial
business combination; the amount of any fee we pay to BCM and/or any of its affiliates, partners or employees will be based upon the
prevailing market for similar services for such transactions at such time, and will be subject to the review of our audit committee pursuant
to the audit committee’s policies and procedures relating to transactions that may present conflicts of interest;

●Reimbursement for any out-of-pocket expenses related to identifying,
investigating and completing an initial business combination; and

●Repayment of loans which may be made by our Sponsor, officers
and directors or their affiliates to finance transaction costs in connection with an intended initial business combination, the terms
of which have not been determined nor have any written agreements been executed with respect thereto. Up to $1,000,000 of such loans
may be convertible into Units, at a price of $10.00 per unit at the option of the lender, upon consummation of our initial business combination.
The Units issuable upon conversion of the working capital loans would be identical to the placement units. Loans made by Chardan or any
of its related persons, if any, will not be convertible into any of our securities and Chardan and its related persons will have no recourse
with respect to their ability to convert their loans into any of our securities.

Our audit committee has reviewed all payments that were made to our
Sponsor, officers, directors, advisors or our or their affiliates.

Some officers and directors of the Company, including Kuk Hyoun Hwang,
have interests in the business combination with OSR as individuals that are in addition to, and that may be different from, the interests
of Company stockholders. Mr. Hwang is the Chief Executive Officer and a member of the Board of Directors of the Company and Chairman
of the Board of OSR. The Board of Directors of the Company formed a separate committee (the “M&A Committee