Company: OSRH
Filing Date: 2025-08-19
Form Type: PRE 14A
Source: 0001213900-25-078140
Chunk: 38

Company: OSR Holdings, Inc.
Filing Date: 2025-08-19
Form: PRE 14A
Chunk 38
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 Promissory Notes (each a “Convertible
Note”) 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

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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 Average Price (“VWAP”)
fifteen days prior to the conversion notice. The Company and White Lion have agreed that no more than 4.99% of the shares outstanding
will be issued to White Lion, which amount may be adjusted to 9.99% upon 61 days’ prior written notice from White Lion.

The Note Purchase Agreement and each Convertible
Note contains these and other customary representations, warranties and agreements of the Company and White Lion, limitations and conditions
regarding sales of common stock, indemnification rights and other obligations of the parties.

Copies of the Note Purchase Agreement and Senior
Secured Convertible Promissory Note issued May 6, 2025, between the Company and White Lion were filed as Exhibit 10.1 and 10.2, respectively,
to the Company’s Current Report on Form 8-K filed on May 12, 2025. The Form 8-K filed with the SEC on May 12, 2025, and the documents
filed as exhibits thereto are incorporated herein by reference.

Reasons for Seeking Approval of the Nasdaq 20% Issuance Proposal

Our common stock is listed
on the Nasdaq Capital Market, and, as such, we are subject to the Nasdaq Listing Rules. We are seeking stockholder approval of the Convertible
Note Offering Proposal in order to comply with Nasdaq Listing Rule 5635.

Nasdaq Listing Rule 5635(d)
requires stockholder approval of transactions other than a public offering involving the sale or issuance by the issuer of common stock
(or securities convertible