Company: NUTR
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012203
Chunk: 19

Company: NUSATRIP Inc
Filing Date: 2025-05-23
Form: S-1/A
Chunk 19
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600. As of the date of this prospectus, Society Pass will retain its current ownership of 14,000,000 shares of Common Stock.

On September 30, 2023, Society Pass, Heather Maynard, and the Company 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. Dennis Nguyen, founder and then-Chief Executive Officer of Society Pass, owns 20% equity interest in H&D Mediterranean, in which Ms. Maynard owns 80% equity interest. H&D Mediterranean is in the business of real estate investing and management in France. Ms. Maynard was previously be the registered agent for the Dennis Nguyen Family Foundation, a California nonprofit corporation, from 2015 to 2018. Ms. Maynard has 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