Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 165

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 165
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 (such shares, the “Commitment Shares”).

Accordingly, the actual number of shares of our Common Stock issuable
will vary depending on the then-current market price of shares of Common Stock sold to White Lion under the ELOC Agreement, but will
not exceed the number set forth in the preceding paragraphs unless we file an additional registration statement under the Securities
Act of 1933, as amended (the “Securities Act”), with the SEC.

Warrants

Pursuant and subject to the terms of the ELOC Agreement and as further
subject to the terms of a Common Stock Purchase Warrant dated May 6, 2025 between the Company and White Lion (“Warrant”),
White Lion has the right, but not the obligation, at any time for a period of five years following the Warrant’s execution date,
to subscribe for and purchase from the Company up to $4,000,000 worth, or the Available Share Amount (as defined in the Warrant and subject
to adjustment thereunder), of Common Stock (the “Warrant Shares”). The initial purchase price of one share of Common Stock
under the Warrant shall be equal to the Exercise Price, which shall be $1.584 or as otherwise defined therein pursuant to any applicable
adjustments to the same.

Convertible Note

Pursuant and subject to the terms of a Convertible Note Purchase Agreement
and executed on May 6, 2025 between the Company and White Lion (the “Note Purchase Agreement”) and related convertible promissory
notes (“Convertible Notes”), White Lion has agreed to loan the Company the principal amount of $1,110,000 at an interest
rate of 5% per annum subject to two Convertible Notes maturing on the date occurring Nine (9) months after the closing date of each respective
loan. The first Convertible Note in the principal amount of $445,000 was executed by and between the Company and the White Lion on May
6, 2025. The second Convertible Note, constituting the balance of the principal amount under the Note Purchase Agreement, was executed
by and between the Company and the White Lion on June 20, 2025.

The Company has agreed to allocate 10% of the proceeds from each purchase
notice under the ELOC and/or warrant exercise toward the repayment of the outstanding Convertible Note(s). At any time, White Lion may
convert one or both Convertible Notes at 95% multiplied by the lowest Volume Weighted