Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 78

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 78
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 first installment due on or prior to April 30, 2024, the second installment on or prior to May 31,
2024 and the third installment on or prior to June 30, 2024; and (ii) Loeb is entitled to retain the Shares and the sales proceeds of
the Shares will not be used to satisfy the Note.

Amendments
to Prepaid Forward Agreements

As
disclosed on the Form 8-Ks filed by EUDA on November 7, 2022 and November 14, 2022, EUDA and certain institutional investors (the “ Sellers”)
entered into agreements (the “ Prepaid Forward Agreements”) for equity prepaid forward transactions (the “ Prepaid Forward
Transactions”). On June 8, 2023, EUDA and the Sellers entered into amendments to the Prepaid Forward Agreements (together, the
“ Amendments”), to amend the definition of “ Maturity Consideration,” such that, Maturity Consideration shall consist
of 800,000 ordinary shares of EUDA to be issued to the each Seller by EUDA. Pursuant to the Prepaid Forward Agreements, the maturity
date of the Prepaid Forward Transactions (the “ Maturity Date”) may be accelerated by the Sellers after any occurrence wherein
during any 30 consecutive trading-day period, the dollar volume-weighted average price of EUDA’s ordinary shares for 20 trading
days is less than $3.00 per share. Pursuant to the Amendments, the parties agreed that the Prepaid Forward Transactions shall be accelerated
as of the date of the Amendments, and accordingly, the 800,000 ordinary shares (or 1,600,000 ordinary shares in the aggregate), became
immediately due and payable to the Sellers upon execution of the Amendments. The Amendments provide the Sellers with registration rights
for the ordinary shares issuable as Maturity Consideration, and also prohibit the Sellers from selling such ordinary shares on any exchange
business day in an amount greater than 15% of the daily trading volume of EUDA’s ordinary shares on such day. In addition, as of
June 8, 2023 (the “ Maturity Date”), the Sellers became entitled to retain (a) the remaining prepayment amount paid from EUDA’s
trust account to the Sellers upon consummation of EUDA’s business combination, and (b) the remaining ordinary shares held by each
Seller that were subject to the Prepaid Forward Transactions. Purs