Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 161

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 161
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Recapitalization and recorded in capital. The fair value of the Earnout Shares was estimated using a model based on multiple stock price
paths developed through the use of a Monte Carlo simulation that incorporates into the valuation the possibility that the market condition
targets may not be satisfied.

The
fair value of the Earnout Shares for Triggering Event 1 and 2 was estimated using the following assumptions:

Schedule
of earnout shares for triggering event

  Closing date                                       November 17, 2022            
 ──────────────────────────────────────────────────────────────────────────────────
  Share price of the Company as of closing date      $                      5.21  
  Average daily return rate                                                 0.02  
  Daily volatility for Triggering Event 1                                   4.74  
  Daily volatility for Triggering Event 2                                   4.30  
  Daily volatility                                                          4.30  
  Risk-free rate for Triggering Event 1                                     4.75  
  Risk-free rate for Triggering Event 2                                     4.49  
  Risk-free rate                                                            4.49  
  Grant Price for Trigging Event 1                   $                      15.0  
  Grant Price for Trigging Event 2                   $                      20.0  
  Grant Price                                        $                      20.0  

As
a result, the Company determined the fair value of the Earnout Shares for Triggering Event 1 and 2 is amounted to $ 1,926,610 3,273,019

In
addition, Company determined that the probabilities of achieving the revenue and net income thresholds are 0 for Triggering Event 3 and
4 and estimated the fair value of the Earnout Shares of 0.

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

Note
17 - Income taxes

British
Virgin Islands

KRHL
and SGGL are incorporated in the British Virgin Islands and are not subject to tax on income or capital gains under current British Virgin
Islands law. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax
will be imposed.

Singapore

The
Company’s subsidiaries incorporated in Singapore and is subject to Singapore Profits Tax on the taxable income as reported in its
statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable