Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1388

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 6
Chunk 1388
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 funds and provide a waiver against any and all rights to seek access to funds in our Trust Account.
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.

After our initial business combination, members of our management team
who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed
to our stockholders, to the extent then known, in the tender offer or proxy solicitation materials, as applicable, furnished to our stockholders.
It is unlikely the amount of such compensation will be known at the time of distribution of such tender offer materials or at the time
of a stockholder meeting held to consider our initial business combination, as applicable, as it will be up to the directors of the post-combination
business to determine executive and director compensation.

The holders of the founder shares, equity participation shares, placement
units, and units that may be issued upon conversion of working capital loans (and in each case holders of their component securities,
as applicable) have registration rights to require us to register a sale of any of our securities held by them pursuant to a registration
rights agreement signed in connection with our IPO. These holders will be entitled to make up to two demands, excluding short form registration
demands, that we register such securities for sale under the Securities Act. In addition, these holders will have “piggy-back”
registration rights to include their securities in other registration statements filed by us. Chardan may not exercise its demand and
“piggyback” registration rights after five and seven years, respectively, after the effective date of the registration statement
and may not exercise its demand rights on more than one occasion.

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