Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 322

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 322
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with the Participating Joinders, the “Joinders”) with the Non-Participating Stockholders, pursuant to which the Non-Participating
Stockholders became party to the Business Combination Agreement with all attendant rights, duties and obligations (including in respect
of all of the representations, warranties, covenants, agreements and conditions of the Business Combination Agreement), with the same
force and effect as if originally named as a “Non-Participating Company Stockholder” in the Business Combination
Agreement.

The Non-Participating
Joinders contain put and call rights for the Non-Participating Stockholders and the Company, respectively, whereby the Non-Participating
Stockholders shall have the Put Right and the Company shall have the Call Right.

The
Put Right and Call Right will be exercisable on or after the Trigger Date. The Put Right and Call Right terminate and expire 120 days
after the Trigger Date.

The Non-Participating
Joinders contain customary representations, warranties and covenants, and include a general release of all claims against the Company,
OSR and each of its and their respective affiliates, successors, assigns, officers, directors, employees, agents, administrators and
trustees.

The
foregoing summary is subject to and qualified in its entirety by reference to the Form of Non-Participating Joinder, which is filed hereto
as Exhibit 10.2 to the Company’s February 21, 2025 8-K Filing.

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, which is filed hereto as
Exhibit