Company: EUDAW
Filing Date: 2025-09-24
Form Type: 20-F/A
Source: 0001493152-25-014808
Chunk: 62

Company: EUDA Health Holdings Ltd
Filing Date: 2025-09-24
Form: 20-F/A
Chunk 62
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 Mr. Sobak received 75,059restricted ordinary shares for $ 95,700, and Mr. Lim was granted 53,649restricted ordinary shares for $ 68,403. All share issuances were based on the per-share closing price of $ 1.275as of March 14, 2024, and fully satisfied the salaries and compensation owed to each executive as of December 31, 2023.

Pursuant to a certain Settlement Agreement between the Company and 8iEPL, the Company’s related party dated March 15, 2024 (the “8iEPL Settlement Agreement”), the Company has agreed to pay 8iEPL for a total sum of $ 180,000for such advisory services (the “Services Payment”). Between May 15, 2023 and February 28, 2024, the Company has borrowed from 8iEPL an aggregate amount of $ 712,254, or a total of $ 731,373with unpaid and accrued interests at 8% per annum (the “8iEPL Loan”). Pursuant to the 8iEPL Settlement Agreement, the Company has agreed to pay 8iEPL in full satisfaction of both the Services Payment and the 8iEPL Loan in the form a convertible note in the aggregate amount of $ 911,373(the “8iEPL Convertible Note”). In April 2024, 8iEPL assigned the 8iEPL Convertible Note to a third party for an amount of $ 889,000. In May 2024, the balance was converted into 700,000shares of the Company’s ordinary shares.

| F-39 |

EUDA HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, unless stated otherwise)

The following tables summarize the issuance of shares upon conversion of notes and settlement of debts discussed above:

Schedule of issuance of shares upon conversion of notes and settlement of debts

| Restricted Ordinary shares issued for settlements |     | Executive            
 Settlement Agreement |  295,361 |   |     | 8iEPL Settlement Agreement |   700,000 |   |     | Total |    995,362 |   |
|:--------------------------------------------------|:----|:---------------------|---------:|:--|:----|:---------------------------|----------:|:--|:----|:------|