# EDGAR Filing Document

**Accession Number:** 0001946703
**File Stem:** 0001213900-25-102782
**Filing Date:** 2025-10
**Character Count:** 68686
**Document Hash:** 4a357f5f960de919100ea9132f615cd2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-102782.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001213900-25-102782

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20251028

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEBUY GLOBAL LTD
- **CENTRAL INDEX KEY:** 0001946703
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41840
- **FILM NUMBER:** 251421242

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CRICKET SQUARE, HUTCHINS DRIVE
- **STREET 2:** P.O. BOX 2681
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **BUSINESS PHONE:** 65 9069 7836

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CRICKET SQUARE, HUTCHINS DRIVE
- **STREET 2:** P.O. BOX 2681
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER<br> PURSUANT TO RULE 13a-16 OR 15d-16<br> UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of October 2025**

**WEBUY GLOBAL LTD**

(Exact name of registrant as specified in its charter)

**35 Tampines Street 92 Singapore 528880**

**+65 8859 9762**

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**Cogency Global Inc.**

**122 East 42nd Street, 18th Floor**

**New York, NY 10168**

**(212) 947-7200**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

On September 25, 2025, Mr. Heng Wee Koon notified the Company of his resignation as an independent director, effective September 25, 2025.

On October 22, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Ms. Amanda Guo Jie was appointed as independent director and chair of audit committee of the Company, effective October 22, 2025.

The biographical information of Ms. Amanda Guo Jie is set forth below:

Ms. Amanda Guo Jie has nearly two decades of experience in financial management, audit, and advisory across public accounting and listed company environments. Ms. Guo began her career at Deloitte & Touche LLP in Singapore, where she served from September 2005 to January 2022, progressing from Audit Assistant to Senior Manager in both the Audit and Assurance Group and the Global IFRS and Offering Services Group. During her tenure, she led cross-border IPO and M&A advisory engagements for clients across Singapore, China, Hong Kong, and Southeast Asia, providing technical accounting and compliance support for listings on the SGX and HKSE, as well as financial advisory for M&A transactions, group restructuring, and purchase price allocations. In 2022, Ms. Guo transitioned to the corporate sector as Chief Financial Officer of Ascent Bridge Limited, a SGX Mainboard-listed company with operations in Singapore, China, Australia, Hong Kong, and the United States, where she oversaw group finance, strategic planning, budgeting, and regulatory compliance. In 2024, she was appointed Chief Financial Officer of Sino Grandness Food Industry Group Limited, another SGX Mainboard-listed company headquartered in Shenzhen, China, where she leads a 20-member finance team and oversees the full spectrum of financial and management reporting functions. Ms. Guo holds a Bachelor of Science with Honours in Applied Accountancy from Oxford Brookes University.

Ms. Amanda Guo Jie entered into an independent director offer letter with the Company and agreed to receive an annual compensation of SGD30,000, effective October 22, 2025.

On October 23, 2025, Ms. Catherine Phang Ai Lian notified the Company of her resignation as the Chief Financial Officer, effective October 23, 2025.

On October 22, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Youyi Zhang was appointed as the Chief Financial Officer, effective October 23, 2025. Ms. Catherine Phang Ai Lian will assume the role of Chief Operating Officer, as also approved by the Board of Directors, the Nominating Committee and the Compensation Committee.

The biographical information of Mr. Youyi Zhang is set forth below:

Mr. Youyi Zhang has over 15 years of experience in financial management, audit, and corporate governance across listed companies and multinational environments. Mr. Zhang began his career at Y.M. Kew & Co. in Singapore, where he led statutory audits for clients in construction, manufacturing, and trading industries, before joining China Construction (South Pacific) Development Co. Pte. Ltd. to oversee full-set accounts and project finances exceeding S$700 million annually. He later served as Finance Manager at Double-Trans Pte. Ltd. and Samco Civil Engineering Pte. Ltd., subsidiaries of Shuang Yun Holdings Limited (HKEX Mainboard), where he managed group reporting, treasury operations, and internal controls, and led the finance team through the Group's Hong Kong IPO. In 2022, he became Group Finance Controller of Ascent Bridge Group Limited (SGX Mainboard), responsible for group consolidation, M&A due diligence, and regulatory compliance, and in 2024 joined Webuy Group Limited (Nasdaq: WBUY) in the same capacity, overseeing group finance, audit coordination, treasury, and corporate governance across multiple markets. Mr. Zhang is an IS Chartered Accountant (Singapore), ASEAN Chartered Professional Accountant, and holds a Bachelor's Degree in Economics from Shandong University of Finance.

Mr. Youyi Zhang and Ms. Catherine Phang Ai Lian have entered into employment agreements with the Company and agreed to receive an annual compensation of $92,400 and $83,300 respectively, effective October 23, 2025.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Independent Director Offer Letter to Ms. Amanda Guo Jie, dated October 22, 2025](ea026257901ex10-1_webuy.htm) |
| 10.2 | [Employment Agreement with Ms. Catherine Phang Ai Lian, dated October 23, 2025](ea026257901ex10-2_webuy.htm) |
| 10.3 | [Employment Agreement with Mr. Youyi Zhang, dated October 23, 2025](ea026257901ex10-3_webuy.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **WEBUY GLOBAL LTD.** | **WEBUY GLOBAL LTD.** |
| Date: October 28, 2025 | By: | */s/ Bin Xue* |
|  | Name: | Bin Xue |
|  | Title: | CEO |

---

## Exhibit 10.1

**Exhibit 10.1**

**Webuy Global Ltd**

**18 Tampines Industrial Crescent #04-03**

**Space@Tampines, Singapore 528605**

**October 22, 2025**

**Re: Director Offer Letter – Guo Jie**

Dear Guo Jie:

WEBUY GLOBAL LTD, an exempted company incorporated in the Cayman Islands with limited liability (the "Company" or "we"), is pleased to offer you a position as director of the Company. We believe your background and experience will be a significant asset to the Company and we look forward to your participation as a Director in the Company. Should you choose to accept this position as Director, this letter agreement (the "Agreement") shall constitute an agreement between you and the Company and contains all the terms and conditions relating to the services you agree to provide to the Company. Your appointment shall also be subject to the approval of Company's Board of Directors and/or Nomination and Compensation Committees and shall begin upon the Company's listing on the Nasdaq Capital Market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. <u>Term</u>.** This Agreement is effective on October 22, 2025, for a term of one year. Your term as the Independent Director shall continue subject to the provisions in Section 9 below or until your successor is duly elected and qualified. The position shall be up for re-appointment every year by the board of the Directors of the Company (the "Board") and upon re-appointment, the terms and provisions of this Agreement shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. <u>Services</u>.** You shall render customary services as an Independent Director, Chair of the Audit Committee, and member of the Nominating Committee and Compensation Committee (hereinafter, your "Duties"). During the term of this Agreement, you may attend and participate at each meeting regarding the business and operation issues of the Company as regularly or specially called, via teleconference, video conference or in person. You shall consult with the members of the Board and committee (if any) regularly and as necessary via telephone, electronic mail or other forms of correspondence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>Services for Others</u>.** You shall be free to represent or perform services for other persons during the term of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>Compensation</u>.** As compensation for your services to the Company, you will receive upon execution of this Agreement a compensation of S$30,000 for each calendar year of service under this Agreement on a pro-rated basis, payable on a quarterly basis.

You shall be reimbursed for reasonable expenses incurred by you in connection with the performance of your Duties (including travel expenses for in-person meetings).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. <u>D&O Insurance Policy</u>.** During the term under this Agreement, the Company shall include you as an insured under its officers and directors insurance policy, if available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. <u>No Assignment</u>.** Because of the personal nature of the services to be rendered by you, this Agreement may not be assigned by you without the prior written consent of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7. <u>Confidential Information; Non-Disclosure</u>.** In consideration of your access to certain Confidential Information (as defined below) of the Company, in connection with your business relationship with the Company, you hereby represent and agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a. <u>Definition</u>.** For purposes of this Agreement the term "Confidential Information" means: (i) any information which the Company possesses that has been created, discovered or developed by or for the Company, and which has or could have commercial value or utility in the business in which the Company is engaged; (ii) any information which is related to the business of the Company and is generally not known by non-Company personnel; and (iii) Confidential Information includes, without limitation, trade secrets and any information concerning products, processes, formulas, designs, inventions (whether or not patentable or registrable under copyright or similar laws, and whether or not reduced to practice), discoveries, concepts, ideas, improvements, techniques, methods, research, development and test results, specifications, data, know-how, software, formats, marketing plans, and analyses, business plans and analyses, strategies, forecasts, customer and supplier identities, characteristics and agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b. <u>Exclusions</u>.** Notwithstanding the foregoing, the term Confidential Information shall not include: (i) any information which becomes generally available or is readily available to the public other than as a result of a breach of the confidentiality portions of this Agreement, or any other agreement requiring confidentiality between the Company and you; (ii) information received from a third party in rightful possession of such information who is not restricted from disclosing such information; (iii) information known by you prior to receipt of such information from the Company, which prior knowledge can be documented and (iv) information you are required to disclose pursuant to any applicable law, regulation, judicial or administrative order or decree, or request by other regulatory organization having authority pursuant to the law; provided, however, that you shall first have given prior written notice to the Company and made a reasonable effort to obtain a protective order requiring that the Confidential Information not be disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c. <u>Documents</u>.** You agree that, without the express written consent of the Company, you will not remove from the Company's premises, any notes, formulas, programs, data, records, machines or any other documents or items which in any manner contain or constitute Confidential Information, nor will you make reproductions or copies of same. You shall promptly return any such documents or items, along with any reproductions or copies to the Company upon the Company's demand, upon termination of this Agreement, or upon your termination or Resignation (as defined in Section 9 herein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d. <u>Confidentiality</u>.** You agree that you will hold in trust and confidence all Confidential Information and will not disclose to others, directly or indirectly, any Confidential Information or anything relating to such information without the prior written consent of the Company, except as may be necessary in the course of your business relationship with the Company. You further agree that you will not use any Confidential Information without the prior written consent of the Company, except as may be necessary in the course of your business relationship with the Company, and that the provisions of this paragraph (d) shall survive termination of this Agreement. Notwithstanding the foregoing, you may disclose Confidential Information to your legal counsel and accounting advisors who have a need to know such information for accounting or tax purposes and who agree to be bound by the provisions of this paragraph (d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e. <u>Ownership</u>.** You agree that the Company shall own all right, title and interest (including patent rights, copyrights, trade secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort throughout the world) relating to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how, ideas and information made or conceived or reduced to practice, in whole or in part, by you during the term of this Agreement and that arise out of your Duties (collectively, "**Inventions**") and you will promptly disclose and provide all Inventions to the Company. You agree to assist the Company, at its expense, to further evidence, record and perfect such assignments, and to perfect, obtain, maintain, enforce, and defend any rights assigned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8. <u>Non-Solicitation</u>.** During the term of your appointment, you shall not solicit for employment any employee of the Company with whom you have had contact due to your appointment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. <u>Termination and Resignation</u>.** Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. <u>Governing Law; Arbitration</u>.** All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations of the parties hereunder, shall be determined in accordance with the law of the State of New York. All disputes with respect to this Agreement, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be referred to and finally resolved by arbitration administered by the American Arbitration Association at its New York office in force when the Notice of Arbitration is submitted. The law of this arbitration clause shall be New York law. The seat of arbitration shall be in New York. The number of arbitrators shall be one. The arbitration proceedings shall be conducted in English.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. <u>Entire Agreement; Amendment; Waiver; Counterparts</u>.** This Agreement expresses the entire understanding with respect to the subject matter hereof and supersedes and terminates any prior oral or written agreements with respect to the subject matter hereof. Any term of this Agreement may be amended and observance of any term of this Agreement may be waived only with the written consent of the parties hereto. Waiver of any term or condition of this Agreement by any party shall not be construed as a waiver of any subsequent breach or failure of the same term or condition or waiver of any other term or condition of this Agreement. The failure of any party at any time to require performance by any other party of any provision of this Agreement shall not affect the right of any such party to require future performance of such provision or any other provision of this Agreement. This Agreement may be executed in separate counterparts each of which will be an original and all of which taken together will constitute one and the same agreement, and may be executed using facsimiles of signatures, and a facsimile of a signature shall be deemed to be the same, and equally enforceable, as an original of such signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. <u>Indemnification</u>**. The Company shall, to the maximum extent provided under applicable law, indemnify and hold you harmless from and against any expenses, including reasonable attorney's fees, judgments, fines, settlements and other legally permissible amounts ("Losses"), incurred in connection with any proceeding arising out of, or related to, your performance of your Duties, other than any such Losses incurred as a result of your gross negligence, willful misconduct, fraud, willful default or dishonesty. The Company shall advance to you any expenses, including reasonable attorneys' fees and costs of settlement, incurred in defending any such proceeding to the maximum extent permitted by applicable law. Such costs and expenses incurred by you in defense of any such proceeding shall be paid by the Company in advance of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for payment; (b) appropriate documentation evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought; and (c) an undertaking adequate under applicable law made by or on your behalf to repay the amounts so advanced if it shall ultimately be determined pursuant to any non-appealable judgment or settlement that you are not entitled to be indemnified by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. <u>Acknowledgement</u>.** You accept this Agreement subject to all the terms and provisions of this Agreement. You agree to accept as binding, conclusive, and final all decisions or interpretations of the Board of Directors of the Company of any questions arising under this Agreement.

The Agreement has been executed and delivered by the undersigned and is made effective as of the date set first set forth above.

---

| | |
|:---|:---|
| Sincerely, | Sincerely, |
| **WEBUY GLOBAL LTD** | **WEBUY GLOBAL LTD** |
| By: | /s/ Bin Xue |
|  | Bin Xue |
|  | Chief Executive Officer |

---

---

| |
|:---|
| **AGREED AND ACCEPTED:** |
| /s/ Guo Jie |
| Guo Jie |

---

## Exhibit 10.2

**Exhibit 10.2**

**EMPLOYMENT AGREEMENT**

This Employment Agreement (the "Agreement") is made and entered into on **23 October 2025** by and between **Phang Ai Lian** (the "Executive") and Webuy Global Ltd, an exempted company incorporated in the Cayman Islands (the "Company").

WHEREAS, the Executive has been the Chief Operating Officer of the Company since 15 October 2020 (the "Effective Date").

WHEREAS, the Company and the Executive desire to enter into this Agreement to memorialize the terms and conditions of the Executive's employment with the Company starting on the date hereof.

NOW, THEREFORE, in consideration of the premises, the mutual covenants and representations contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

**<u>Article I.</u> <u>Employment; Responsibilities; Compensation</u>**

**Section 1.01 Employment Term**. Subject to ARTICLE III, the term of Executive's employment shall commence as of the Effective Date and shall continue until terminated by either party in accordance with this Agreement (the "Term"). If the Company terminates without Cause, or elects not to renew at the end of any fixed term (if applicable), such action shall be treated as a termination without Cause for purposes of severance.

**Section 1.02 Responsibilities; Loyalty**

(a) Subject to the terms of this Agreement, Executive is employed in the position of Chief Operating Officer (COO) of the Company, and shall perform the functions and responsibilities of that position. Additional or different duties may be assigned by the Company from time to time. Executive's position, job descriptions, duties and responsibilities may be adjusted by the Company from time to time consistent with Executive's role as Chief Financial Officer.

(b) Executive shall devote the whole of Executive's professional time, attention and energies to the performance of Executive's work. Executive agrees to comply with all policies of the Company, if any, in effect from time to time, and to comply with all laws, rules and regulations, including those applicable to the Company.

**Section 1.03 Compensation**. The Company will pay Executive an annual base salary at a rate of US$83,300 per annum (the "Base Salary"), payable in accordance with the Company's regular payroll practices. If employment terminates "for Cause" pursuant to Article III or otherwise during a partial year, Base Salary for that year shall be prorated and paid through the termination date based on days actually worked. Notwithstanding anything herein to the contrary, the Company shall not be obligated to pay Base Salary for any period during which Executive has exhausted paid time off and is (a) receiving income replacement benefits under any applicable insurance or benefit program maintained by the Company, or (b) on leave to the extent unpaid under applicable law, or (c) unable to perform the essential functions of the role by reason of a physical or mental incapacity, with or without reasonable accommodation and in accordance with applicable law. Compensation matters shall be subject to approval by the Board of Directors and/or Compensation Committee to the extent required by applicable policy or law.

**Section 1.04 Business Expenses**. The Company shall reimburse Executive for all business expenses that are reasonable and necessary and incurred by Executive while performing his duties under this Agreement, upon presentation of expense statements, receipts and/or vouchers or such other information and documentation as the Company may reasonably require and in accordance with applicable Company expense policies.

**Section 1.05 Clawback**. Any compensation paid to the Executive shall be subject to recovery by the Company, and the Executive shall be required to repay such compensation, if (a) such recovery and repayment is required by applicable law or (b) either in the year such compensation is paid, or within the three (3) year period thereafter the Company is required to prepare an accounting restatement due to material noncompliance of the Company with any financial reporting requirement under applicable securities laws and the Executive is either (i) a named executive officer or (ii) an employee who is responsible for preparation of the Company's financial statements. The parties agree that the repayment obligations set forth in this Section 1.05 shall only apply to the extent repayment is required by applicable law, or to the extent the Executive's compensation is determined to be in excess of the amount that would have been deliverable to the Executive taking into account any restatement or correction of any inaccurate financial statements or materially inaccurate performance metric criteria. For the avoidance of doubt, any compensation shall further be subject to the Company's clawback policies as may be in effect from time to time and any applicable listing standards and securities laws.

**Section 1.06 Withholding**. All payments hereunder shall be subject to applicable tax and other withholdings as required by law.

**<u>Article II.</u> <u>Confidential Information; Post-Employment Obligations; Company Property</u>**

**Section 2.01 Company Property.** As used in this Article II, the term the "Company" refers to the Company and each of its direct and indirect subsidiaries. All written materials, records, data and other documents relating to Company business, products or services prepared or possessed by Executive during Executive's employment by the Company are the Company's property. All information, ideas, concepts, improvements, discoveries and inventions that are conceived, made, developed or acquired by Executive individually or in conjunction with others during Executive's employment (whether during business hours and whether on Company's premises or otherwise) that relate to Company business, products or services are the Company's sole and exclusive property. All memoranda, notes, records, files, correspondence, drawings, manuals, models, specifications, computer programs, maps and all other documents, data or materials of any type embodying such information, ideas, concepts, improvements, discoveries and inventions are Company property. At the termination of Executive's employment with the Company for any reason, Executive shall return all of the Company's documents, data or other Company property to the Company. For the avoidance of doubt, Executive may retain one copy of documents strictly for personal legal, tax or compliance purposes, subject to the confidentiality obligations herein.

**Section 2.02 Confidential Information; Non-Disclosure.**

(a) Executive acknowledges that the business of the Company is highly competitive and that the Company will provide Executive with access to Confidential Information. Executive acknowledges that this Confidential Information constitutes a valuable, special and unique asset used by the Company in its business to obtain a competitive advantage over competitors. Executive further acknowledges that protection of such Confidential Information against unauthorized disclosure and use is of critical importance to the Company in maintaining its competitive position. Executive agrees that Executive will not, at any time during or after Executive's employment with the Company, make any unauthorized disclosure of any Confidential Information of the Company, or make any use thereof, except in the carrying out of Executive's employment responsibilities to the Company. Executive also agrees to preserve and protect the confidentiality of third-party Confidential Information to the same extent, and on the same basis, as the Company's Confidential Information.

(b) "Confidential Information" means all non-public information regarding the Company's or its affiliates' business operations and methods, financial information and performance, forecasts, compensation information (of the Company and its personnel), customers, suppliers, business partners, pricing, margins, strategies, business plans, product and technology roadmaps, source code and software, data (including user, marketing and operational data), know-how and trade secrets, whether in oral, written, electronic or other form, that is actually confidential and proprietary to the Company. Confidential Information does not include information that: (i) is or becomes generally available to the public through no breach of this Agreement by Executive; (ii) was in Executive's lawful possession on a non-confidential basis prior to disclosure by the Company; (iii) is lawfully disclosed to Executive by a third party without restriction; or (iv) is independently developed by Executive without use of or reference to the Confidential Information. Nothing herein prohibits Executive from disclosing information (A) to the extent required by law, regulation or legal process (after providing prompt notice to the Company if legally permissible), (B) to Executive's legal, tax or financial advisors who are bound by confidentiality obligations, or (C) to a government agency or regulatory authority in connection with a report of a suspected violation of law (including whistleblower protections).

**Section 2.03 Non-Solicitation.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During Executive's employment with the Company and for a period of twelve (12) months following the termination of Executive's employment for any reason (the "Restricted Period"), Executive shall not, directly or indirectly, solicit, induce, recruit or encourage any employee, officer or consultant of the Company or any of its affiliates with whom Executive had material contact during the last twelve (12) months of employment to terminate or reduce their relationship with the Company, nor shall Executive assist any other person or entity in doing so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) During the Restricted Period, Executive shall not, directly or indirectly, solicit or attempt to solicit any customer, client, supplier, vendor, financing source or other business relationship of the Company or any of its affiliates with whom Executive had material contact during the last twelve (12) months of employment, for the purpose of diverting such business away from the Company or otherwise interfering with such relationship.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Nothing in this Section 2.03 shall prohibit: (i) general solicitations not specifically targeted at employees or business partners of the Company; (ii) hiring any person or entity who independently initiates contact without prior solicitation by Executive; (iii) ordinary course professional networking that does not have the purpose or effect of inducing termination of an existing relationship with the Company; or (iv) engaging recruitment firms for general market searches, provided such efforts are not targeted at employees or business partners of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Remedies. Executive acknowledges that a breach of this Section 2.03 would cause irreparable harm to the Company for which monetary damages may be an inadequate remedy. Accordingly, in addition to any other remedies available at law or in equity, the Company shall be entitled to seek injunctive relief to enforce this Section 2.03.

**<u>Article III.</u> <u>Termination of Employment</u>**

**Section 3.01 Termination of Employment.**

(a) Executive's employment with the Company shall be terminated (i) immediately upon the death of Executive without further action by the Company, (ii) upon Executive's Permanent Disability without further action by the Company, (iii) by the Company for Cause, (iv) by Executive without Good Reason, (v) by the Company without Cause or by Executive for Good Reason, including by the Company without Cause or by Executive for Good Reason within 12 months following a Change of Control, <u>provided</u> that, in the case of clause (v), the terminating party must give at least 30 days' advance written notice of such termination. For purposes of this ARTICLE III, "date of termination" means the date of Executive's death, the date of Executive's Permanent Disability, or the date of Executive's separation from service with the Company, as applicable.

(b) For purposes hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "CAUSE" shall include (A) continued failure by Executive to perform substantially Executive's duties and responsibilities (other than a failure resulting from Permanent Disability) that is materially injurious to the Company and that remains uncorrected for 10 days after receipt of appropriate written notice from the Board;

(B) engagement in willful, reckless or grossly negligent misconduct that is materially injurious to Company or any of its affiliates, monetarily or otherwise; (C) Executive's conviction of, or plea of guilty or nolo contendere to, a felony or a crime involving fraud, dishonesty or moral turpitude; (D) Executive's commission of criminal fraud, embezzlement or willful misappropriation against the Company or its affiliates; or (E) a material breach by Executive of any provision of this Agreement that is materially injurious to the Company and that remains uncorrected for ten (10) days following written notice of such breach by the Company to Executive identifying the provision of this Agreement that the Company has determined has been breached.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "CHANGE OF CONTROL" means the occurrence of any one or more of the following events that occurs after the Effective Date:

1) Any "person" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT")) becomes a "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the voting power of the then outstanding securities of the Company; provided that a Change of Control shall not be deemed to occur as a result of a transaction in which the Company becomes a subsidiary of another corporation and in which the stockholders of the Company, immediately prior to the transaction, will beneficially own, immediately after the transaction, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the parent corporation would be entitled in the election of directors; or

2) The consummation of (A) a merger or consolidation of the Company with another corporation where the stockholders of the Company, immediately prior to the merger or consolidation, will not beneficially own, immediately after the merger or consolidation, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the surviving corporation would be entitled in the election of directors, (B) a sale or other disposition of all or substantially all of the assets of the Company, or (C) a liquidation or dissolution of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) "GOOD REASON" shall mean, without Executive's consent: (A) a material breach by the Company of any provision of this Agreement; (B) any assignment by the Board or a duly authorized committee thereof to Executive of duties that materially and adversely alter the nature, reporting line, authority, or status of Executive's position, job description, duties, title or responsibilities from those of Chief Financial Officer of the Company, or a removal of budgetary or financial authority customarily held by a Chief Financial Officer; (C) any requirement by the Company that Executive relocate his primary work location to a jurisdiction outside of Singapore (or the jurisdiction in which he is then primarily performing his duties), unless mutually agreed in writing; or (D) any material reduction in Executive's Base Salary or target compensation opportunity in effect at the relevant time. Good Reason will exist only if Executive provides written notice of the condition within ninety (90) days after its initial occurrence, and the Company fails to cure such condition within thirty (30) days after receipt of such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) "PERMANENT DISABILITY" means Executive's inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment expected to result in death or to last for a continuous period of at least twelve (12) months, as certified by a registered medical practitioner or determined under any applicable long-term disability insurance program of the Company.

(c) If Executive's employment is terminated under any of the foregoing circumstances, all future compensation to which Executive is otherwise entitled and all future benefits for which Executive is eligible, other than those already earned but which is unpaid, shall cease and terminate as of the date of termination, except as specifically provided in this ARTICLE III.

**Section 3.02 Cooperation.** 

Following termination, Executive shall reasonably cooperate with the Company, upon reasonable notice and during normal business hours, in transitioning duties and in connection with any audit, investigation, litigation or regulatory inquiry relating to periods during Executive's employment, provided such cooperation does not unreasonably interfere with Executive's subsequent employment. The Company shall reimburse reasonable out-of-pocket expenses incurred in providing such cooperation.

**<u>Article IV.</u> <u>Miscellaneous</u>**

**Section 4.01 Notices**. All notices under this Agreement shall be in writing and delivered (i) by hand or reputable overnight courier, (ii) by registered or certified mail (return receipt requested), or (iii) by email with confirmation of transmission, in each case to the recipient's address on file with the Company (or such other address as a party may designate in writing). Notices shall be deemed given when delivered (or, in the case of email, on the date sent if sent during business hours at the recipient's location, otherwise on the next business day).

**Section 4.02 Severability and Reformation**. If any one or more of the terms, provisions, covenants or restrictions of this Agreement shall be determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions shall remain in full force and effect, and the invalid, void or unenforceable provisions shall be deemed severable. Moreover, if any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be reformed by limiting and reducing it to the minimum extent necessary, so as to be enforceable to the extent compatible with the applicable law as it shall then appear.

**Section 4.03 Assignment.** This Agreement shall be binding upon and inure to the benefit of the heirs and legal representatives of Executive and the permitted assigns and successors of the Company, but neither this Agreement nor any rights or obligations hereunder shall be assignable or otherwise subject to hypothecation by Executive (except by will or by operation of the laws of intestate succession) or by the Company, except that the Company may assign this Agreement to any successor (whether by merger, purchase or otherwise), if such successor expressly agrees to assume the obligations of the Company hereunder.

**Section 4.04 Amendment**. This Agreement may be amended only by writing signed by Executive and by the Company.

**Section 4.05 GOVERNING LAW**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement, to the extent it relates to the employment relationship between the Company and the Executive (including matters of termination, compensation, benefits, restrictive covenants and any statutory or common-law employment protections), shall be governed by, and construed in accordance with, the laws of Singapore, without regard to its principles of conflicts of law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent this Agreement relates to corporate governance matters, fiduciary duties, indemnification, enforcement of Company policies or matters arising under U.S. securities laws, such matters shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to its principles of conflicts of law.

**Section 4.06 Jurisdiction.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) With respect to any dispute arising out of or relating to the employment relationship between the Company and the Executive (including termination of employment, compensation, benefits, restrictive covenants and statutory employment protections), the parties submit to the exclusive jurisdiction of the courts of Singapore.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to any dispute arising out of or relating to corporate governance matters, fiduciary duties, indemnification or matters arising under U.S. securities laws, the parties submit to the exclusive jurisdiction of the state and federal courts located in the State of New York, USA.

**Section 4.07 Entire Agreement.** This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, whether written or oral, relating to such subject matter; provided that this Agreement does not supersede (and shall be read together with) any equity incentive plans and related award agreements, any deed or agreement of indemnification, and any Company policies that by their terms survive or apply to Executive, each of which shall remain in full force and effect.

**Section 4.08 Counterparts; Electronic Signatures.** This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Signatures to this Agreement may be provided by electronic means (including PDF, DocuSign, or other reliable electronic signature technology) and shall be deemed to have the same legal effect as delivery of an original handwritten signature for all purposes, to the fullest extent permitted by applicable law.

**Section 4.09 Construction.** The headings and captions of this Agreement are provided for convenience only and are intended to have no effect in construing or interpreting this Agreement. The language in all parts of this Agreement shall be in all cases construed in accordance to its fair meaning and not strictly for or against the Company or Executive. The words "include," "includes," and "including" will be deemed to be followed by "without limitation."

[signature page follows]

**IN WITNESS WHEREOF**, the parties hereto have executed this Agreement on the date first written above:

---

| |
|:---|
| **WEBUY GLOBAL LTD** |
| /s/ Xue Bin<u> </u> |
| Xue Bin, CEO |
| **EXECUTIVE** |
| /s/ Phang Ai Lian |
| Phang Ai Lian |

---

## Exhibit 10.3

**Exhibit 10.3**

**EMPLOYMENT AGREEMENT**

This Employment Agreement (the "Agreement") is made and entered into on **23 October 2025** by and between **Zhang Youyi** (the "Executive") and Webuy Global Ltd, an exempted company incorporated in the Cayman Islands (the "Company").

WHEREAS, the Executive has been the Financial Controller of the Company since **27 June 2024** (the "Effective Date").

WHEREAS, the Company and the Executive desire to enter into this Agreement to memorialize the terms and conditions of the Executive's employment with the Company starting on the date hereof.

NOW, THEREFORE, in consideration of the premises, the mutual covenants and representations contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

**<u>Article I.</u> <u>Employment; Responsibilities; Compensation</u>**

**Section 1.01 Employment Term**. Subject to ARTICLE III, the term of Executive's employment shall commence as of the Effective Date and shall continue until terminated by either party in accordance with this Agreement (the "Term"). If the Company terminates without Cause, or elects not to renew at the end of any fixed term (if applicable), such action shall be treated as a termination without Cause for purposes of severance.

**Section 1.02 Responsibilities; Loyalty**

(a) Subject to the terms of this Agreement, Executive is employed in the position of Chief Financial Officer (CFO) of the Company, and shall perform the functions and responsibilities of that position. Additional or different duties may be assigned by the Company from time to time. Executive's position, job descriptions, duties and responsibilities may be adjusted by the Company from time to time consistent with Executive's role as Chief Financial Officer.

(b) Executive shall devote the whole of Executive's professional time, attention and energies to the performance of Executive's work. Executive agrees to comply with all policies of the Company, if any, in effect from time to time, and to comply with all laws, rules and regulations, including those applicable to the Company.

**Section 1.03 Compensation**. The Company will pay Executive an annual base salary at a rate of US$92,400 per annum (the "Base Salary"), payable in accordance with the Company's regular payroll practices. If employment terminates "for Cause" pursuant to Article III or otherwise during a partial year, Base Salary for that year shall be prorated and paid through the termination date based on days actually worked. Notwithstanding anything herein to the contrary, the Company shall not be obligated to pay Base Salary for any period during which Executive has exhausted paid time off and is (a) receiving income replacement benefits under any applicable insurance or benefit program maintained by the Company, or (b) on leave to the extent unpaid under applicable law, or (c) unable to perform the essential functions of the role by reason of a physical or mental incapacity, with or without reasonable accommodation and in accordance with applicable law. Compensation matters shall be subject to approval by the Board of Directors and/or Compensation Committee to the extent required by applicable policy or law.

**Section 1.04 Business Expenses**. The Company shall reimburse Executive for all business expenses that are reasonable and necessary and incurred by Executive while performing his duties under this Agreement, upon presentation of expense statements, receipts and/or vouchers or such other information and documentation as the Company may reasonably require and in accordance with applicable Company expense policies.

**Section 1.05 Clawback**. Any compensation paid to the Executive shall be subject to recovery by the Company, and the Executive shall be required to repay such compensation, if (a) such recovery and repayment is required by applicable law or (b) either in the year such compensation is paid, or within the three (3) year period thereafter the Company is required to prepare an accounting restatement due to material noncompliance of the Company with any financial reporting requirement under applicable securities laws and the Executive is either (i) a named executive officer or (ii) an employee who is responsible for preparation of the Company's financial statements. The parties agree that the repayment obligations set forth in this Section 1.05 shall only apply to the extent repayment is required by applicable law, or to the extent the Executive's compensation is determined to be in excess of the amount that would have been deliverable to the Executive taking into account any restatement or correction of any inaccurate financial statements or materially inaccurate performance metric criteria. For the avoidance of doubt, any compensation shall further be subject to the Company's clawback policies as may be in effect from time to time and any applicable listing standards and securities laws.

**Section 1.06 Withholding**. All payments hereunder shall be subject to applicable tax and other withholdings as required by law.

**<u>Article II.</u> <u>Confidential Information; Post-Employment Obligations; Company Property</u>**

**Section 2.01 Company Property.** As used in this Article II, the term the "Company" refers to the Company and each of its direct and indirect subsidiaries. All written materials, records, data and other documents relating to Company business, products or services prepared or possessed by Executive during Executive's employment by the Company are the Company's property. All information, ideas, concepts, improvements, discoveries and inventions that are conceived, made, developed or acquired by Executive individually or in conjunction with others during Executive's employment (whether during business hours and whether on Company's premises or otherwise) that relate to Company business, products or services are the Company's sole and exclusive property. All memoranda, notes, records, files, correspondence, drawings, manuals, models, specifications, computer programs, maps and all other documents, data or materials of any type embodying such information, ideas, concepts, improvements, discoveries and inventions are Company property. At the termination of Executive's employment with the Company for any reason, Executive shall return all of the Company's documents, data or other Company property to the Company. For the avoidance of doubt, Executive may retain one copy of documents strictly for personal legal, tax or compliance purposes, subject to the confidentiality obligations herein.

**Section 2.02 Confidential Information; Non-Disclosure.**

(a) Executive acknowledges that the business of the Company is highly competitive and that the Company will provide Executive with access to Confidential Information. Executive acknowledges that this Confidential Information constitutes a valuable, special and unique asset used by the Company in its business to obtain a competitive advantage over competitors. Executive further acknowledges that protection of such Confidential Information against unauthorized disclosure and use is of critical importance to the Company in maintaining its competitive position. Executive agrees that Executive will not, at any time during or after Executive's employment with the Company, make any unauthorized disclosure of any Confidential Information of the Company, or make any use thereof, except in the carrying out of Executive's employment responsibilities to the Company. Executive also agrees to preserve and protect the confidentiality of third-party Confidential Information to the same extent, and on the same basis, as the Company's Confidential Information.

(b) "Confidential Information" means all non-public information regarding the Company's or its affiliates' business operations and methods, financial information and performance, forecasts, compensation information (of the Company and its personnel), customers, suppliers, business partners, pricing, margins, strategies, business plans, product and technology roadmaps, source code and software, data (including user, marketing and operational data), know-how and trade secrets, whether in oral, written, electronic or other form, that is actually confidential and proprietary to the Company. Confidential Information does not include information that: (i) is or becomes generally available to the public through no breach of this Agreement by Executive; (ii) was in Executive's lawful possession on a non-confidential basis prior to disclosure by the Company; (iii) is lawfully disclosed to Executive by a third party without restriction; or (iv) is independently developed by Executive without use of or reference to the Confidential Information. Nothing herein prohibits Executive from disclosing information (A) to the extent required by law, regulation or legal process (after providing prompt notice to the Company if legally permissible), (B) to Executive's legal, tax or financial advisors who are bound by confidentiality obligations, or (C) to a government agency or regulatory authority in connection with a report of a suspected violation of law (including whistleblower protections).

**Section 2.03 Non-Solicitation.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During Executive's employment with the Company and for a period of twelve (12) months following the termination of Executive's employment for any reason (the "Restricted Period"), Executive shall not, directly or indirectly, solicit, induce, recruit or encourage any employee, officer or consultant of the Company or any of its affiliates with whom Executive had material contact during the last twelve (12) months of employment to terminate or reduce their relationship with the Company, nor shall Executive assist any other person or entity in doing so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) During the Restricted Period, Executive shall not, directly or indirectly, solicit or attempt to solicit any customer, client, supplier, vendor, financing source or other business relationship of the Company or any of its affiliates with whom Executive had material contact during the last twelve (12) months of employment, for the purpose of diverting such business away from the Company or otherwise interfering with such relationship.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Nothing in this Section 2.03 shall prohibit: (i) general solicitations not specifically targeted at employees or business partners of the Company; (ii) hiring any person or entity who independently initiates contact without prior solicitation by Executive; (iii) ordinary course professional networking that does not have the purpose or effect of inducing termination of an existing relationship with the Company; or (iv) engaging recruitment firms for general market searches, provided such efforts are not targeted at employees or business partners of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Remedies. Executive acknowledges that a breach of this Section 2.03 would cause irreparable harm to the Company for which monetary damages may be an inadequate remedy. Accordingly, in addition to any other remedies available at law or in equity, the Company shall be entitled to seek injunctive relief to enforce this Section 2.03.

**<u>Article III.</u> <u>Termination of Employment</u>**

**Section 3.01 Termination of Employment.**

(a) Executive's employment with the Company shall be terminated (i) immediately upon the death of Executive without further action by the Company, (ii) upon Executive's Permanent Disability without further action by the Company, (iii) by the Company for Cause, (iv) by Executive without Good Reason, (v) by the Company without Cause or by Executive for Good Reason, including by the Company without Cause or by Executive for Good Reason within 12 months following a Change of Control, <u>provided</u> that, in the case of clause (v), the terminating party must give at least 30 days' advance written notice of such termination. For purposes of this ARTICLE III, "date of termination" means the date of Executive's death, the date of Executive's Permanent Disability, or the date of Executive's separation from service with the Company, as applicable.

(b) For purposes hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "CAUSE" shall include (A) continued failure by Executive to perform substantially Executive's duties and responsibilities (other than a failure resulting from Permanent Disability) that is materially injurious to the Company and that remains uncorrected for 10 days after receipt of appropriate written notice from the Board;

(B) engagement in willful, reckless or grossly negligent misconduct that is materially injurious to Company or any of its affiliates, monetarily or otherwise; (C) Executive's conviction of, or plea of guilty or nolo contendere to, a felony or a crime involving fraud, dishonesty or moral turpitude; (D) Executive's commission of criminal fraud, embezzlement or willful misappropriation against the Company or its affiliates; or (E) a material breach by Executive of any provision of this Agreement that is materially injurious to the Company and that remains uncorrected for ten (10) days following written notice of such breach by the Company to Executive identifying the provision of this Agreement that the Company has determined has been breached.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "CHANGE OF CONTROL" means the occurrence of any one or more of the following events that occurs after the Effective Date:

1) Any "person" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT")) becomes a "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the voting power of the then outstanding securities of the Company; provided that a Change of Control shall not be deemed to occur as a result of a transaction in which the Company becomes a subsidiary of another corporation and in which the stockholders of the Company, immediately prior to the transaction, will beneficially own, immediately after the transaction, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the parent corporation would be entitled in the election of directors; or

2) The consummation of (A) a merger or consolidation of the Company with another corporation where the stockholders of the Company, immediately prior to the merger or consolidation, will not beneficially own, immediately after the merger or consolidation, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the surviving corporation would be entitled in the election of directors, (B) a sale or other disposition of all or substantially all of the assets of the Company, or (C) a liquidation or dissolution of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) "GOOD REASON" shall mean, without Executive's consent: (A) a material breach by the Company of any provision of this Agreement; (B) any assignment by the Board or a duly authorized committee thereof to Executive of duties that materially and adversely alter the nature, reporting line, authority, or status of Executive's position, job description, duties, title or responsibilities from those of Chief Financial Officer of the Company, or a removal of budgetary or financial authority customarily held by a Chief Financial Officer; (C) any requirement by the Company that Executive relocate his primary work location to a jurisdiction outside of Singapore (or the jurisdiction in which he is then primarily performing his duties), unless mutually agreed in writing; or (D) any material reduction in Executive's Base Salary or target compensation opportunity in effect at the relevant time. Good Reason will exist only if Executive provides written notice of the condition within ninety (90) days after its initial occurrence, and the Company fails to cure such condition within thirty (30) days after receipt of such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) "PERMANENT DISABILITY" means Executive's inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment expected to result in death or to last for a continuous period of at least twelve (12) months, as certified by a registered medical practitioner or determined under any applicable long-term disability insurance program of the Company.

(c) If Executive's employment is terminated under any of the foregoing circumstances, all future compensation to which Executive is otherwise entitled and all future benefits for which Executive is eligible, other than those already earned but which is unpaid, shall cease and terminate as of the date of termination, except as specifically provided in this ARTICLE III.

**Section 3.02 Cooperation.** 

Following termination, Executive shall reasonably cooperate with the Company, upon reasonable notice and during normal business hours, in transitioning duties and in connection with any audit, investigation, litigation or regulatory inquiry relating to periods during Executive's employment, provided such cooperation does not unreasonably interfere with Executive's subsequent employment. The Company shall reimburse reasonable out-of-pocket expenses incurred in providing such cooperation.

**<u>Article IV.</u> <u>Miscellaneous</u>**

**Section 4.01 Notices**. All notices under this Agreement shall be in writing and delivered (i) by hand or reputable overnight courier, (ii) by registered or certified mail (return receipt requested), or (iii) by email with confirmation of transmission, in each case to the recipient's address on file with the Company (or such other address as a party may designate in writing). Notices shall be deemed given when delivered (or, in the case of email, on the date sent if sent during business hours at the recipient's location, otherwise on the next business day).

**Section 4.02 Severability and Reformation**. If any one or more of the terms, provisions, covenants or restrictions of this Agreement shall be determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions shall remain in full force and effect, and the invalid, void or unenforceable provisions shall be deemed severable. Moreover, if any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be reformed by limiting and reducing it to the minimum extent necessary, so as to be enforceable to the extent compatible with the applicable law as it shall then appear.

**Section 4.03 Assignment.** This Agreement shall be binding upon and inure to the benefit of the heirs and legal representatives of Executive and the permitted assigns and successors of the Company, but neither this Agreement nor any rights or obligations hereunder shall be assignable or otherwise subject to hypothecation by Executive (except by will or by operation of the laws of intestate succession) or by the Company, except that the Company may assign this Agreement to any successor (whether by merger, purchase or otherwise), if such successor expressly agrees to assume the obligations of the Company hereunder.

**Section 4.04 Amendment**. This Agreement may be amended only by writing signed by Executive and by the Company.

**Section 4.05 GOVERNING LAW**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement, to the extent it relates to the employment relationship between the Company and the Executive (including matters of termination, compensation, benefits, restrictive covenants and any statutory or common-law employment protections), shall be governed by, and construed in accordance with, the laws of Singapore, without regard to its principles of conflicts of law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent this Agreement relates to corporate governance matters, fiduciary duties, indemnification, enforcement of Company policies or matters arising under U.S. securities laws, such matters shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to its principles of conflicts of law.

**Section 4.06 Jurisdiction.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) With respect to any dispute arising out of or relating to the employment relationship between the Company and the Executive (including termination of employment, compensation, benefits, restrictive covenants and statutory employment protections), the parties submit to the exclusive jurisdiction of the courts of Singapore.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to any dispute arising out of or relating to corporate governance matters, fiduciary duties, indemnification or matters arising under U.S. securities laws, the parties submit to the exclusive jurisdiction of the state and federal courts located in the State of New York, USA.

**Section 4.07 Entire Agreement.** This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, whether written or oral, relating to such subject matter; provided that this Agreement does not supersede (and shall be read together with) any equity incentive plans and related award agreements, any deed or agreement of indemnification, and any Company policies that by their terms survive or apply to Executive, each of which shall remain in full force and effect.

**Section 4.08 Counterparts; Electronic Signatures.** This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Signatures to this Agreement may be provided by electronic means (including PDF, DocuSign, or other reliable electronic signature technology) and shall be deemed to have the same legal effect as delivery of an original handwritten signature for all purposes, to the fullest extent permitted by applicable law.

**Section 4.09 Construction.** The headings and captions of this Agreement are provided for convenience only and are intended to have no effect in construing or interpreting this Agreement. The language in all parts of this Agreement shall be in all cases construed in accordance to its fair meaning and not strictly for or against the Company or Executive. The words "include," "includes," and "including" will be deemed to be followed by "without limitation."

[signature page follows]

**IN WITNESS WHEREOF**, the parties hereto have executed this Agreement on the date first written above:

---

| |
|:---|
| **WEBUY GLOBAL LTD** |
| /s/ Xue Bin |
| Xue Bin, CEO |
| **EXECUTIVE** |
| /s/ Youyi Zhang |
| Youyi Zhang |

---