Company: NUTR
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001641172-25-000122
Chunk: 19

Company: NUSATRIP Inc
Filing Date: 2025-03-21
Form: S-1
Chunk 19
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 also been the chairwoman of the board of directors of Thoughtful Media Group Incorporated, a wholly-owned subsidiary of Society Pass, since October 2023, representing Society Pass on the board of directors of Thoughtful Media Group Incorporated. Further, on September 30, 2023, Society Pass, Heather Maynard, and Thoughtful Media Group Incorporated, also entered into an employment agreement. Pursuant to the employment agreement, Heather Maynard has agreed to serve as the chairwoman of the board of the Company, representing Society Pass on the board of the Company. In consideration of Ms. Maynard’s services, the Company has agreed to pay her the amount of EUR 120,000 (approximately $130,492) per year. Ms. Maynard may terminate the agreement upon giving the Company thirty days’ prior written notice, and the Company may terminate the agreement if Ms. Maynard resigns from the board or is not elected to the Company’s board at its annual meeting. Other than the rights and obligations set forth in the employment agreement and the business interest in H&D Mediterranean, Ms. Maynard does not have any other relationships (including family relationship), agreements, affiliations, or any understanding that Ms. Maynard has or has had with Society Pass, its officers and directors and/or its majority owner Dennis Nguyen.

As of the date of this prospectus, Society Pass was the 92.9% owner of the Company. As of the consummation of this offering, after the conversion of the Convertible Notes into shares of Common Stock and assuming no exercise of the over-allotment option, Society Pass will continue to own 14,000,000 shares of Common Stock.

Prior to the consummation of this offering, the Company has been operating as a separate company from Society Pass with its own management and operations staff. The Company has, prior to the consummation of the IPO, relying on loans from Society Pass to fund its expansion and operation. The Company has not and will not pay any dividends to Society Pass or transfer any assets in connection with the separation of the two companies. After the consummation of the IPO, the Company shall repay outstanding loans made by Society Pass in the aggregate amount of $1,047,600 and $927,266, based on record as of December 31, 2024 and 2023, respectively.

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Our corporate structure after giving effect to this offering shall be as follows:

* “Other Stockholders” are comprised of the holders of Common