Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 93

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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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 U.S. Securities and
Exchange Commission (the “SEC”). See “Prospectus Summary—Post IPO Financing—Equity Line of Credit Agreement”
and “ELOC Financing” for a description of the ELOC Agreement and “Selling Stockholder” for additional information
regarding White Lion.

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 shall close on or before one day after the filing of a related registration statement. The second Convertible Note in the
principal amount of $665,000 shall close one day after the applicable registration statement becomes effective.

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