Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1443

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 6
Chunk 1443
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aturity Date and (ii) the commencement of a voluntary or involuntary
bankruptcy action. As of December 31, 2024, the outstanding balance of this note was $23,000.

On May 14, 2024,
the Company issued an unsecured promissory note in the principal amount of $140,000 to the Sponsor and on January 9, 2025 amended
the terms of the agreement (the note, as amended, the “May Sponsor Note”). The May Sponsor Note is not interest bearing and
is payable in full on the earlier of (i) December 31, 2024 or (ii) the date on which the Company consummates an initial Business Combination
(the “May Sponsor Note Maturity Date”). In the event that the Company does not consummate a Business Combination on or prior
to the time provided in the Company’s Charter (as subject to extension), the Sponsor agrees to forgive the principal balance of
the May Sponsor Note, except to the extent of any funds remaining outside of the Company’s Trust Account, if any. The following
shall constitute an event of default: (i) a failure to pay the principal within five business days of the May Sponsor Note Maturity Date
and (ii) the commencement of a voluntary or involuntary bankruptcy action. As of December 31, 2024, the outstanding balance of this note
was $140,000.

On July 11, 2024,
the Company issued an unsecured promissory note in the principal amount of $300,000 to the Sponsor and on January 9, 2025 amended
the terms of the agreement (the note, as amended, the “May Sponsor Note”). The July Promissory Note is not interest bearing
and is payable in full on the earlier of (i) December 31, 2024 or (ii) the date on which the Company consummates an initial business combination
(the “July Promissory Note Maturity Date”). In the event that the Company does not consummate a business combination on or
prior to the time provided in the Company’s Charter (as subject to extension), Sponsor agrees to forgive the principal balance of
the July Promissory Note, except to the extent of any funds remaining outside of the Company’s trust account, if any. The following
shall constitute an event of default: (i) a failure to pay the principal within five business days of the July Promissory Note M