Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 210

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 210
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 be used, if necessary, to fund expenses in connection with our initial business combination.
The BCM Europe Note 2023 is not convertible into any BLAC securities held by our Sponsor. The BCM Europe Note 2023 was amended on April
12, 2024 to extend the maturity date to the earlier of (i) December 31, 2024 or (ii) the date on which the Company consummates
a Business Combination. As of the date of the filing of this Annual Report on Form 10-K, the outstanding balance of the BCM Europe Note
and the BCM Europe Note 2023 is $4,700,000.

Our Sponsor had loaned to us $1,200,000 under promissory notes which
was used to pay a portion of the expenses of our IPO. These loans were non-interest bearing, unsecured and were due at the earlier of
November 29, 2023 or the closing of our IPO. At the closing of our IPO, the promissory notes were deemed to be repaid and settled
in connection with the private placement.

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.

Commencing on the date of our prospectus issued in connection with
our IPO, we have agreed to pay BCM, an affiliate of members of our Sponsor, a total of $7,500 per month for office space, utilities and
secretarial and administrative support. Upon completion of our initial business combination or our liquidation, we will cease paying these
monthly fees.

Other than the foregoing, no compensation of any kind, including any
finder’s fee, reimbursement, consulting fee or monies in respect of any payment of a loan, will be paid by us to our Sponsor, officers,
directors or any affiliate of our Sponsor, officers, directors prior to, or in connection with any services rendered in order to effectuate,
the consummation of an initial business combination (regardless of the type of transaction that it is). However, these individuals will
be reimbursed