Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 519

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 519
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, including undertaking an annual review of its own performance. Code of Ethics New OSR Holdings will adopt a code of ethics that applies to all of its employees, officers and directors, including its principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. Upon completion of the Business Combination, the full text of New OSR Holdings’ code of ethics will be posted on the investor relations section of its website. New OSR Holdings intends to disclose future amendments to its code of business conduct and ethics, or any waivers of such code, on its website. 326 Limitation of Liability and Indemnification of Directors and Officers If the Charter Proposal is approved and the Business Combination consummated, the Amended Charter will limit a director’s and officer’s liability to the fullest extent permitted under the DGCL. The DGCL permits a provision of the certificate of incorporation of a Delaware corporation to provide that directors and officers of the corporation will not be personally liable for monetary damages for breach of their fiduciary duties as directors or officers, except for liability: •for any transaction from which the director or officer derives an improper personal benefit; •for any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law; •for a director under Section 174 of the DGCL; •for any breach of a duty of loyalty to the corporation or its stockholders; or •for an officer in any action by or in the right of the corporation. The Amended Bylaws provide that New OSR Holdings will, in certain situations, indemnify its directors and officers and Delaware law permits New OSR Holdings to indemnify other employees and other agents, to the fullest extent permitted by applicable law. A current or former director is also entitled under the Amended Bylaws, subject to certain limitations, to advancement, direct payment, or reimbursement of reasonable expenses (including attorneys’ fees and disbursements) in advance of the final disposition of the proceeding. In addition, New OSR Holdings will enter into separate indemnification agreements with each of its directors and officers. These agreements, among other things, will require New OSR Holdings to indemnify its directors and officers for certain expenses, including attorneys’ fees, judgments, fines and settlement amounts incurred by a director or officer in any action or proceeding arising out of their services as one of its directors or officers or any other company or enterprise to which the person provides services at its request. We believe these provisions in the Amended Charter and Amended By