Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 344

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 344
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 and expire.

2.2 Cashless Exercise. In lieu of exercising this Purchase Warrant by payment of cash or check payable to the order of the Company pursuant to Section 2.1above, Holder may elect to receive the number of Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant to the Company, together with the Exercise Form, in which event the Company shall issue to Holder, Shares in accordance with the following formula:

| X 
 = | Y(A  
 – B) |
| A |      |

| Where, | X                                                                                                                                  
 = The number of Shares to be issued to Holder;                                                                                     |
|        | Y                                                                                                                                  
 = The number of Shares that would be issuable upon exercise of this Purchase Warrant in accordance with the terms of this Purchase 
 Warrant if such exercise were by means of a cash exercise rather than a cashless exercise;                                         |
|        | A                                                                                                                                  
 = The fair market value of one Share; and                                                                                          |
|        | B                                                                                                                                  
 = The Exercise Price of this Purchase Warrant, as adjusted hereunder.                                                              |

For purposes of this Section 2.2, the fair market value of a Share is defined as follows:

(i) if the Company’s Shares are traded on a securities exchange, the value shall be deemed to be the closing price on such exchange on the trading day immediately prior to the Exercise Form being submitted to the Company in connection with the exercise of this Purchase Warrant; or

(ii) if the Company’s Shares are actively traded over-the-counter, the value shall be deemed to be the closing bid price on the trading day immediately prior to the Exercise Form being submitted to the Company in connection with the exercise of the Purchase Warrant;

(iii) if there is no market for the Shares, the value shall be the fair market value thereof, as determined in good faith by the Company’s Board of Directors.

3.Transfer.

3.1 General Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not for a period of six (6) months beginning on the date of commencement of sales of the Offering: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant or the securities hereunder to anyone other than: (i) Cathay or a selected dealer participating in the Offering contemplated by the Underwriting Agreement, or (ii) officers or partners of Cathay, each of