Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 67

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 7
Chunk 67
---
4, 2024, the Company borrowed from Meng Dong (James) Tan, an aggregate
amount of $24,004, due on or before March 14, 2025. On April 1 2025, the maturity date of such loan has been extended to December 31,
2025.

Debt
Obligations and Settlement Agreements with 8i Holdings 2 Pte Ltd - May 2023

On
November 17, 2022, the Company issued to 8i Holdings 2 Pte Ltd. (“8i Holdings 2”), a company owned by Mr. Meng Dong (James)
Tan, an interest-free convertible promissory note in the aggregate principal amount of $82,600 (the “8i Note”). Pursuant
to the 8i Note, on November 17, 2023, the maturity date, 8i Holdings 2 would have the right to convert the unpaid principal amount of
the 8i Note into ordinary shares of the Company based on the five day volume weighted average price of the Company’s ordinary shares
immediately preceding the maturity date.

At
the May 2023 Board Meeting, the Board approved and authorized execution of a Settlement Agreement with 8i Holdings 2 (the “8i Settlement
Agreement”) pursuant to which the Company agreed to issue 82,600 restricted ordinary shares of the Company to 8i Holdings 2 in
full satisfaction of all obligations of the Company under the 8i Note. On May 16, 2023, the Company issued to 8i Holdings 2 an aggregate
of 82,600 restricted ordinary shares pursuant to the 8i Settlement Agreement.

Debt
Obligations and Settlement Agreements with Kelvin Chen, our former CEO - May and June 2023

Kent
Ridge Healthcare Singapore Pte Ltd. (“ KRHSG”) is a wholly-owned subsidiary of EUDA. Since KRHSG’s inception in November
2017 until the Business Combination in November 2022 (as previously disclosed in the Form 8-K filed on November 23, 2022), Dr. Kelvin
Chen, KRHSG’s founder, provided funding to pay for its start-up expenses and working capital. At the May 2023 Board Meeting, the
Board approved and authorized execution of a Settlement Agreement with Dr. Kelvin Chen (the “ Chen Settlement Agreement”)
pursuant to which the Company agreed to issue