Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 54

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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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.

34

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 VWAP Purchase Notice shall
be the lesser of (