Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1116

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 4
Chunk 1116
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we,” “us,” “our” and similar terms refer to BLAC prior to the Business Combination. This section
discusses the material components of the executive compensation program for the Company’s executive officers who are named in the
“2024 Summary Compensation Table” below. In 2024, the Company’s “named executive officers” and their positions
at year-end were as follows:

This discussion may contain forward-looking statements that are based
on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation programs
that the Company adopts following the completion of the Business Combination may differ materially from the currently planned programs
summarized in this discussion.

101

2024 Summary Compensation Table

The following table sets forth information concerning the compensation
of the Company’s named executive officers for the year ended December 31, 2024.

    Name and Principal Position
     
    Salary
($)

    Stock
Awards
($) 

    Non-Equity
Incentive Plan
Compensation
($)

    All Other
Compensation
($)

    Total

    Kuk Hyoun Hwang

    0

    0

    0

    0

    0

    Chairman of the Board of Directors

    Sang Hoon Kim

    84,020

    0

    0

     0

    84,020

    Chief Executive Officer

    Gihyoun Bang, 

    Chief Financial Officer

    47,367

    0

    0

      0

    47,367

Narrative to Summary Compensation Table

None of our officers has received any cash compensation for services
rendered to us. We have paid and will continue to pay an affiliate 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, we will cease paying these monthly fees.
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 or directors, prior to, or in connection
with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction
that it is) except that we may pay BCM and/or any of its affiliates, partners