Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 915

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 2
Chunk 915
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 of members of the Sponsor, a total of $7,500 per month for office space, utilities, secretarial and administrative
support (“Administrative Support Fees”). Upon completion of the Business Combination or the Company’s liquidation, the
Company will cease paying these monthly fees. During the years ended December 31, 2024 and 2023, the Company incurred $90,000 and
$75,000, respectively, of Administrative Support Fees, which are included in general and administrative expenses in the accompanying consolidated
statements of operations. As of December 31, 2024 and 2023, the outstanding balance was $15,000 and $15,000, respectively, recorded
as due to affiliate.

Due to Affiliate 

On August 17, 2021,
the Sponsor agreed to advance the Company up to $10,000. On February 17, 2022, the Company repaid $10,000 to the Sponsor. On
April 28, 2022, the Sponsor agreed to advance the Company up to an additional $10,000. On April 29, 2022, the Sponsor
agreed to advance an additional $7,000 (collectively, “Sponsor Advances”). The outstanding balance of the Sponsor Advances
as of December 31, 2024 was $17,000. These advances are due on demand and are non-interest-bearing.

During the year ended December 31, 2023,
the Sponsor advanced $180,000 of funds to the Company and Company repaid $140,000 (“Second Sponsor Advances”). The outstanding
balance of the Second Sponsor Advances was $40,000 as of December 31, 2024.

The total amount recorded as due to affiliate
on the consolidated balance sheet as of December 31, 2024 includes the outstanding balance of $15,000 of Administrative Support Fees,
$17,000 of Sponsor Advances, and $40,000 of Second Sponsor Advances, totaling $72,000.

NOTE 5–COMMITMENTS AND CONTINGENCIES 

Registration Rights 

The holders of Founder Shares, Private Placement
Units (including component securities contained therein), and Units (including component securities contained therein) that may be issued
upon conversion of Working Capital Loans will be entitled to registration rights pursuant to a registration rights agreement signed prior
to the effective date of the Initial Public Offering, requiring the Company to register such securities for resale. The