Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 959

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 3
Chunk 959
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 (3) lowest traded prices of
the Common Stock on the Rapid Purchase Notice Date; and (2) if the Company were to deliver a VWAP Purchase Notice, the Company can require
White Lion to purchase a number of shares equal to $2,000,000 divided by the product of (i) the lowest daily VWAP of the Common Stock
during the VWAP 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.

90

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.

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.

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), a 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. This filing deadline has been extended to April 30, 2025 by mutual agreement of White Lion and the Company.

The foregoing descriptions of the Common Stock
Purchase Agreement and the White Lion R