Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 96

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 96
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Pursuant and subject to the terms of the Note
Purchase Agreement, White Lion has loaned the Company the principal amount of $1,110,000 at an interest rate of 5% per 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 shall close on or before one day after the filing of a related registration statement on Form
S-1. The second Convertible Note in the amount of $665,000 shall close one day after such registration statement becomes effective.

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.

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Result of Operations

Comparison of the Three Months Ended March 31, 2024 and 2025

The following table presents OSR Holdings’ statements of operations
for the three months ended March 31, 2024 and 2025, and percentage change between the two periods:

|                                              |     | Three Months Ended March 31, |            |   |     |      |             |   |     |          |            |     |          |        |   |
|                                              |     |                         2024 |            |   |     | 2025 |             |   |     | Change $ |            |     | Change % |        |   |
| Net Sales:                                   |     |                              |    910,225 |   |     |      |     761,272 |   |     |          |   -148,954 |     |          |    -16 | % |
| Cost of Sales                                |     |                              |    670,424 |   |     |      |     592,586 |   |     |          |    -77,838 |     |          |    -12 | % |
| Gross Profit                                 |     |                              |    239,802 |   |     |      |     168,686