SEC Contract Filing

Filing Date: 2024-04-17

Document Content:
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<TYPE>EX-10.18
<SEQUENCE>2
<FILENAME>ea020298601ex10-18_redwoods.htm
<DESCRIPTION>SIDE LETTER TO BUSINESS COMBINATION AGREEMENT, DATED APRIL 16, 2024, BY AND AMONG REDWOODS ACQUISITION CORP, ANEW MEDICAL SUB, INC. AND ANEW MEDICAL, INC
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.18</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Redwoods Acquisition Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1115 Broadway, 12th Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10010</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">April 16, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ANEW Medical, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13576 Walnut Street, Suite A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Omaha, NE 68144</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: Dr. Joseph Sinkule</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: jasinkule@gmail.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">RE: Side Letter to Business
Combination Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reference is made to that certain Business Combination
Agreement, dated May 30, 2023 (as amended by the first amendment thereto, the &ldquo;<U>Merger Agreement</U>&rdquo;), by and among Redwoods
Acquisition Corp., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), Anew Medical Sub, Inc., a Wyoming corporation and direct,
wholly owned subsidiary of Redwoods (&ldquo;<U>Merger Sub</U>&rdquo;), and Anew Medical, Inc., a Wyoming corporation (&ldquo;<U>ANEW</U>&rdquo;).
Capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to Section 7.1(d) of the Merger Agreement,
and subject to the terms thereof, the Merger Agreement may be terminated and the transactions contemplated by thereby may be abandoned
at any time prior to the Closing if the transactions contemplated by the Merger Agreement (including the Closing) shall not have been
consummated on or prior to March 4, 2024 (the &ldquo;<U>Termination Date</U>&rdquo;). The Company, ANEW and Merger Sub hereby agree to
extend the Termination Date to June 4, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Side Letter and all disputes or controversies
arising out of or relating to this Side Letter or the transactions contemplated hereby, shall be governed by and construed in accordance
with the Laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the
State of Delaware or any other jurisdiction) that would cause the application of the Law of any jurisdiction other than the State of Delaware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Side Letter may be executed in counterparts,
each of which shall constitute an original, but all of which shall constitute one agreement. This Side Letter shall become effective upon
delivery to each party of an executed counterpart or the earlier delivery to each party of original, photocopied, or electronically transmitted
signature pages that together (but need not individually) bear the signatures of all other parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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blank; signature page(s) to follow]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

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