Company: OSRH
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109054
Chunk: 50

Company: OSR Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 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 Average Price (“VWAP”)
fifteen days prior to the conversion notice. The Company and the Investor have agreed that no more than 4.99% of the shares outstanding
will be issued to White Lion, which can be adjusted to up to 9.99% upon 61 prior days’ notice from White Lion.

Under certain circumstances, issuances of Common Shares under the ELOC, Warrants and Convertible Note may have significantly dilutive
effect upon the Company’s existing shareholders.

33

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

During the nine months
ended September 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement”
or “non-Rule 10b5-1 trading arrangement