Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 87

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 87
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 (or purging)
election, or a “mark-to-market” election, each as described below, such holder generally will be subject to special rules
for regular U. S. federal income tax purposes with respect to:

  any                                                                                                                                 
  any                                                                                                                                 

Under
these rules,

  the                                                                                                                                     
  the                                                                                                                                     
  the                                                                                                                                     
  the                                                                                                                                     

  57  

In
general, if we are determined to be a PFIC, a U. S. Holder may avoid the PFIC tax consequences described above in respect to our ordinary
shares by making a timely QEF election (or a QEF election along with a purging election). Pursuant to the QEF election, a U. S. Holder
generally will be required to include in income its pro rata

A
U. S. Holder may not make a QEF election with respect to its warrants to purchase ordinary shares. As a result, if a U. S. Holder sells
or otherwise disposes of such warrants (other than upon exercise of such warrants), any gain recognized generally will be subject to
the special tax and interest charge rules treating the gain as an excess distribution, as described above, if we were a PFIC at any time
during the period the U. S. Holder held the warrants. If a U. S. Holder that exercises such warrants properly makes a QEF election with
respect to the newly acquired ordinary shares (or has previously made a QEF election with respect to our ordinary shares), the QEF election
will apply to the newly acquired ordinary shares, but the adverse tax consequences relating to PFIC shares, adjusted to take into account
the current income inclusions resulting from the QEF election, will continue to apply with respect to such newly acquired ordinary shares
(which generally will be deemed to have a holding period for purposes of the PFIC rules that includes the period the U. S. Holder held
the warrants or rights), unless the U. S. Holder makes a purging election under the PFIC rules. The purging election creates a deemed
sale of such shares at their fair market value. The gain recognized by the purging election will be subject to the special tax and interest
charge rules treating the gain as an excess distribution, as described above. As a result of the purging election, the U. S. Holder will
increase the adjusted tax basis in its ordinary shares acquired upon the exercise of the warrants by the gain recognized and will also
have a new