Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 80

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 80
---
 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.

31

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

During the six months ended June 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,” 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, 2025, by OSR Holdings, Inc. to White Lion Capital LLC.
  
    10.3
     
    Common Stock Purchase Warrant, issued May 6, 2025, by OSR