Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 148

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 148
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, 8i Acquisition’s ordinary shares, no par value, (the “ Shares”),
or (ii) reverse Seller 1’s and Seller 2’s prior exercise of redemption rights as to Shares in connection with the Business
Combination (all such purchased or reversed Shares, the “ Recycled Shares 1” and “ Recycled Shares 2”, respectively).
While Seller 1 and Seller 2 has no obligation to purchase any Shares under the Prepaid Forward Agreement 1 and Prepaid Forward Agreement
2, the aggregate total Recycled Shares 1 and Recycled Shares 2 that may be purchased or reversed under the Prepaid Forward Agreement
1 and Prepaid Forward Agreement 2 shall be no more than 1,400,000 1,125,000 9.9

The
key terms of the forward contracts are as follows:

-
Sellers can terminate the Transaction no later than the later of: (a) Third Local Business Day following the Optional Early Termination
(“ OET”); (b) the first Payment Date after the OET Date which shall specify the quantity by which the Number of Shares is
to be reduced (such quantity, the “ Terminated Shares”) Seller shall terminate the Transaction in respect of any Shares sold
on or prior to the Maturity Date. The Counterparty is entitled to an amount from the Seller equal to the number of terminated shares
multiplied by the Reset Price.

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

-Seller
1 and Seller 2 are entitled to receive the Maturity Consideration, an amount equal to the product of: (1) Number of Recycled Shares specified
in the Pricing Date Notice, less(b) the number of Terminated Shares multiplied by (2) USD 2.50

-
The Prepaid Forward Transaction 1 and 2 required physical settlement by repurchase of remaining of the recycled shares in exchange for
cash and if either the amount to be paid or the settlement date varies based on specified conditions, the earlier of a) first anniversary
of the closing of the transactions between Counterparty and EUDA on November 18, 2022 or b) the date specified by Seller in a written
notice to be delivered at Seller’s discretion (not earlier than the day such notice is effective) after the occurrence of a VWAP
Trigger Event,