Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 84

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 84
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 the foreseeable
future. Investors should not purchase our ordinary shares with the expectation of receiving cash dividends. Any future determination
to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results,
capital requirements, general business conditions, and other factors that our board of directors may deem relevant.

Taxation
on the Disposition of Securities

Upon
a sale or other taxable disposition of our securities, and subject to the PFIC rules discussed below, a U. S. Holder generally will recognize
capital gain or loss in an amount equal to the difference between the amount realized and the U. S. Holder’s adjusted tax basis
in the securities.

The
regular U. S. federal income tax rate on capital gains recognized by U. S. Holders generally is the same as the regular U. S. federal income
tax rate on ordinary income, except that under tax law currently in effect long-term capital gains recognized by non-corporate U. S. Holders
are generally subject to U. S. federal income tax at reduced rates. Capital gain or loss will constitute long-term capital gain or loss
if the U. S. Holder’s holding period for the securities exceeds one year. The deductibility of capital losses is subject to various
limitations. U. S. Holders who recognize losses with respect to a disposition of our securities should consult their own tax advisors
regarding the tax treatment of such losses.

Exercise,
Lapse or Redemption of a Warrant

Subject
to the PFIC rules discussed below, a U. S. Holder generally will not recognize gain or loss upon the acquisition of an ordinary share
from the exercise of two warrants for cash. An ordinary share acquired pursuant to the exercise of two warrants for cash generally will
have a tax basis equal to the U. S. Holder’s tax basis in the warrant, increased by the amount paid to exercise the warrant. The
holding period of such ordinary share generally would begin on the day after the date of exercise of the warrant and will not include
the period during which the U. S. Holder held the warrant. If a warrant is allowed to lapse unexercised, a U. S. Holder generally will
recognize a capital loss equal to such holder’s tax basis in the warrant.

  55  

The
tax consequences of a cashless exercise of warrants are not clear under current tax law. A cashless exercise may be tax-free, either
because the exercise is not