Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 61

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 61
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 the same circumstances taking into account
the nature of the company, the nature of the decision and the position of the director and his responsibilities. In addition, British
Virgin Islands law provides that a director shall exercise his powers as a director for a proper purpose and shall not act, or agree
to the company acting, in a manner that contravenes the BVI Business Companies Act or the memorandum of association or articles of association
of the company. Our company has the right to seek damages if a duty owed by our directors is breached. A shareholder may in certain limited
exceptional circumstances have the right to seek damages in our name if a duty owed by the directors is breached.

  41  

Our
board of directors has all the powers necessary for managing, and for directing and supervising, our business affairs. The functions
and powers of our board of directors include, among others:

  convening                

  declaring dividends and distributions;  

  appointing officers and determining  

  exercising the borrowing                                               

  approving the transfer of                                                                

Terms
of Directors and Officers

Our
directors may be elected by a resolution of our board of directors, or by a resolution of our shareholders, save that the directors may
only appoint a person as a director by resolution of our board of directors to replace a director to fill a casual vacancy arising on
the resignation, disqualification or death of a director. A director will continue to hold office until, among other things, (i) his
death; (ii) his resignation, (iii) his disqualification to act as a director under section 111 of the BVI Business Companies Act, or
(iv) the effective date of his removal by resolution of the board of directors or resolution of our shareholders. Our officers are elected
by and serve at the discretion of the board of directors.

Interested
Transactions

A
director may, subject to any separate requirements for Audit Committee approval under applicable laws or applicable Nasdaq Listing Rules,
vote on a matter relating to the transaction in which he or she is interested, provided that the interest of any directors in such transaction
is disclosed by him or her to all other directors.

Related
Party Transactions Policy

Immediately
following the Closing of the Business Combination, the Company’s board of directors adopted a written Related Party Transactions
Policy that sets forth our policies and procedures regarding the identification, review, consideration and oversight of “related
party transactions.” For purposes of our policy only, a “related party transaction” is a transaction, arrangement