Company: OSRH
Filing Date: 2025-08-19
Form Type: PRE 14A
Source: 0001213900-25-078140
Chunk: 36

Company: OSR Holdings, Inc.
Filing Date: 2025-08-19
Form: PRE 14A
Chunk 36
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 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.

The Common Stock Purchase Agreement will terminate
automatically on the earlier of (i) December 31, 2026 and (ii) the date when the Company files for bankruptcy, has a bankruptcy case filed
against it, has a custodian appointed for it or its property, or assigns its assets to its creditors.

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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 the
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 (the “Commitment Shares”).

Concurrently with the Common Stock Purchase Agreement, the Company entered into the White Lion RRA with White Lion, pursuant to which
the Company agreed to file, within 30 days following the closing of the Business Combination (as defined in the White Lion RRA), an initial
resale registration statement with the SEC covering the resale by White Lion of the maximum number of shares of Common Stock permitted
to be included thereon in accordance with applicable SEC rules, regulations and interpretations.

The Common Stock Purchase Agreement was amended
effective May 6, 2025, to incorporate the WL Warrants (see below) and the foregoing filing deadline was extended by mutual agreement of
White Lion and the Company. The Common Stock Purchase Agreement specified that, notwithstanding anything to the contrary, no more than
19.99 percent of the company’s common stock would be issued to White Lion without first obtaining shareholder approval, as proposed
herein.

The ELOC Agreement contains these and other customary