Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 56

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 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
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.

35

Item 3. Defaults
Upon Senior Securities

Not
applicable.

Item 4. Mine
Safety Disclosures

Not
applicable.

Item 5. Other
Information

During
the three months ended March 31, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement”
or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits

The
following exhibits are being filed herewith, or incorporated by reference into, this Quarterly Report on Form 10-Q and are
numbered in accordance with Item 601 of Regulation S-K:

EXHIBIT
INDEX

    Exhibit
    No.
     
    Description
  
    10.1
     
    Note Purchase Agreement, dated as of May 6, 2025, between OSR Holdings, Inc. and White Lion Capital, LLC.
  
    10.2
     
    Senior Secured Convertible Promissory Note, issued May 6