Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 122

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 122
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, the “ELOC Agreement”) as amended May
6, 2025, the Company may elect, in our sole discretion, to issue and sell to by White Lion Capital LLC dba White Lion GBM Innovation
Fund (“White Lion”), from time to time, up to $78.9 million worth of shares of Common Stock from after the effective date
of a related registration statement until the earlier of December 31, 2026 or the sale of all of such shares to White Lion. Any terms
in initial capitals and not otherwise defined herein shall be as defined in the amended Common Stock Purchase Agreement and/or the Registration
Rights Agreement.

Pursuant to the Common Stock Purchase Agreement, following the effective
date of this resale registration statement registering the shares issuable to White Lion in accordance with the terms of the Registration
Rights Agreement, the Company has the right, but not the obligation, to require White Lion to purchase, from time to time, up to the
lesser of (i) $78,900,000 in aggregate gross purchase price of newly issued shares of Common Stock, par value $0.0001 per share and (ii)
3,853,467 shares of Common Stock (the “Exchange Cap”), in each case, subject to certain limitations and conditions set forth
in the Common Stock Purchase Agreement.

30

The number of shares of Common Stock that the Company may require White
Lion to purchase in any single sales notice will depend on a number of factors, including the relevant calculated purchase price and
type of purchase notice that the Company delivers to White Lion. For example: (1) if the Company were to deliver a Rapid Purchase Notice,
the Company can require White Lion to purchase a number of shares equal to $2,000,000 divided by the average of the three (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 VW