Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 144

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 144
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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.

Additionally, 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 this
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 (such shares, the “Commitment Shares”).

Accordingly, the actual number of shares of our Common Stock issuable
will vary depending on the then-current market price of shares of Common Stock 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 SEC.

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