Company: OSRH
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109054
Chunk: 126

Company: OSR Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 4
Chunk 126
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, the Company can require White Lion to purchase a number of shares equal to $2,000,000 divided by the product of (i) the
lowest daily VWAP of the Common Stock during the VWAP Purchase Valuation Period and (ii) ninety-seven percent (97%).

White Lion’s purchase obligations under
a single Rapid Purchase Notice or a single VWAP Purchase Notice shall not exceed $2,000,000, and the maximum amount of shares of Common
Stock the Company may require White Lion to purchase under a single VWAP Purchase Notice shall be the lesser of (A) 30% of the Average
Daily Trading Volume or (B) $2,000,000 divided by the highest closing price of the Common Stock over the most recent five (5) Business
Days immediately preceding White Lion’s receipt of the subject VWAP Purchase Notice.

Additionally, in consideration for White Lion’s
commitments under the Common Stock Purchase Agreement, the Company agreed to issue to White Lion the number of shares of Common Stock
equal to $800,000 divided by the closing price of the Common Stock on the day that is the earlier of (i) the business day prior to effectiveness
of this resale registration statement registering the shares issuable under the Common Stock Purchase Agreement and (ii) the business
day prior to the date that White Lion requests the issuance of such shares (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