Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 64

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 7
Chunk 64
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Item
7. Major Shareholders and Related Party Transactions

  Major         

See
“ Item 6. Directors, Senior Management and Employees - E. Share Ownership.”

  Related             

Debt
Obligations and Settlement Agreements with Meng Dong (James) Tan -

On
November 17, 2022, the Company issued to Meng Dong (James) Tan, a significant shareholder of the Company, an interest-free convertible
promissory note in the aggregate principal amount of $700,000 (the “ Tan 2022 Note”). Pursuant to the Tan 2022 Note, on November
17, 2023, the maturity date, James Tan would have the right to convert the unpaid principal amount of the Tan 2022 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.

Pursuant
to a loan agreement dated January 9, 2023, James Tan loaned the Company an additional $145,450 (the “ Initial Tan Loan”) at
8% interest per annum and was to be repaid by March 31, 2023. The Initial Tan Loan was not timely repaid by March 31, 2023, and was replaced
as disclosed below.

Pursuant
to a second loan agreement with the Company dated April 24, 2023, James Tan loaned the Company an additional $332,750 (the “ Tan
Second Loan”) at 8% interest per annum, which matures on the earlier of June 30, 2023 or within seven days of the Company receiving
the proceeds from the sales of securities in the private placement disclosed in Item 3.02 hereunder (the “ Private Placement”).
Pursuant to the terms of the Tan Second Loan, the Company agreed to issue to James Tan a new promissory note in the principal amount
of $145,450 dated April 24, 2023 (the “ Tan First Loan”) to replace the Initial Tan Loan. The Tan First Loan contained the
same payment terms as the Tan Second Loan.

On
May 15, 2023, James Tan entered into a third loan agreement with the Company pursuant to which James Tan agreed to loan the Company an
additional $22,500 (the “ Tan Third Loan”), provided that the Company issued a new promissory note to James Tan in the principal
amount of $700,000 (the