Document:

COMMON
STOCK PURCHASE WARRANT

SOCIETY
PASS INCORPORATED

Warrant
Shares: 203,109Initial Exercise Date: July 7, 2022

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, or its assigns AdActive Media, Inc.
d.b.a Thoughtful Media Group, a Delaware corporation (the “Holder”) is entitled, upon the terms and subject to the
limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise
Date”) and on or prior to 5:00 p.m. (New York City time) on July 7, 2023 (the “Termination Date”) but not
thereafter, to subscribe for and purchase from Society Pass Incorporated, a corporation incorporated under the laws of the Nevada (the
“Company”), up to 203,109 Shares (as defined in Section 1) (as subject to adjustment hereunder, the “Warrant
Shares”). The purchase price of one Share under this Warrant shall be equal to the Exercise Price (as defined in Section 2(b)).

Section
1. Definitions. In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated
in this Section 1:

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Shares are
then listed or quoted on a Trading Market other than OTCQB or OTCQX, the bid price of the Shares for the time in question (or the nearest
preceding date) on the Trading Market on which the Shares are then listed or quoted as reported by Bloomberg L.P. (based on a Trading
Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if the Shares are then listed or quoted for trading on
OTCQB or OTCQX, the volume weighted average price of the Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Shares are then reported on the Pink
Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per Share
so reported, or in all other cases, the fair market value of an Share as determined by an independent appraiser selected in good faith
by the Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses
of which shall be paid by the Company.

“Board
of Directors” means the board of directors of the Company.

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day
on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

“Commission”
means the United States Securities and Exchange Commission.

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

“Shares”
means the shares of the common stock of the Company, par value $0.0001 per share, and any other class of securities into which
such securities may hereafter be reclassified or changed.

“Shares
Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any
time Shares, including, without limitation, any debt, preferred share, right, option, warrant or other instrument that is at any time
convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Shares.

“Trading Market”
means any of the following markets or exchanges on which the Shares are listed or quoted for trading on the date in question: the NYSE
American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, OTCQB or
OTCQX (or any successors to any of the foregoing).

“Trading
Day” means a day on which the Shares are traded on a Trading Market.

“Transfer
Agent” means VStock Transfer LLC, the current transfer agent of the Company, with a mailing address of 18 Lafayette
Place, Woodmere, NY 11598, and a facsimile number of (646) 536-3179, and any successor transfer agent of the Company, and any successor
transfer agent of the Company.

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Shares are then listed or quoted
on a Trading Market other than OTCQB or OTCQX, the daily volume weighted average price of the Shares for such date (or the nearest preceding
date) on the Trading Market on which the Shares are then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from
9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if the Shares are then listed or quoted for trading on OTCQB or
OTCQX, the volume weighted average price of the Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Shares are then reported on the Pink
Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per Share
so reported, or (d) in all other cases, the fair market value of an Share as determined by an independent appraiser selected in good
faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and
expenses of which shall be paid by the Company.

“Warrants”
means this Warrant and any other warrants issued by the Company pursuant to a Stock Purchase Agreement dated as of July 7, 2022, is entered
into by and among Society Pass Incorporated, Thoughtful Media Group Incorporated, and AdActive Media, Inc. d.b.a. Thoughtful Media Group.

Section
2. Exercise.

a) Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on
or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed e-mail attachment
of the Notice of Exercise in the form annexed hereto (the “Notice of Exercise”). Within the earlier of (i) two (2)
Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined in Section 2(d)(i) herein) following
the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice
of Exercise by wire transfer or cashier’s check drawn on a United States bank unless the cashless exercise procedure specified
in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall
any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything
herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased
all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this
Warrant to the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered
to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder by an amount equal to the
applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares
purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day
of receipt of such notice. Notwithstanding the foregoing, with respect to any Notice(s) of Exercise delivered on or prior to 4:00 p.m.
(New York City time) on the Trading Date prior to the Initial Exercise Date, the Company agrees to deliver the Warrant Shares subject
to such notice(s) by 4:00 p.m. (New York City time) on the Initial Exercise Date and the Initial Exercise Date shall be the Warrant Share
Delivery Date for purposes hereunder, provided that payment of the aggregate Exercise Price (other than in the case of a cashless exercise)
is received by such Warrant Share Delivery Date. The Holder and any assignee, by acceptance of this Warrant, acknowledge and
agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number
of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

b) Exercise
Price. The exercise price per Share under this Warrant shall be $2.1335, subject to adjustment hereunder (the “Exercise
Price”).

c) Cashless
Exercise. This Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in
which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing ((A-B)(X)) by (A),
where:

(A)
= as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of
Exercise is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed and
delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in
Rule 600(b)(68) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of the Holder,
either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise or (z) the Bid Price
of the Shares on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution of the applicable
Notice of Exercise if such Notice of Exercise is executed during “regular trading hours” on a Trading Day and is delivered
within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours” on a Trading Day)
pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date of such Notice of Exercise
is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section 2(a) hereof after the close of “regular
trading hours” on such Trading Day;

(B)
= the Exercise Price of this Warrant, as adjusted hereunder; and

(X)
= the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such
exercise were by means of a cash exercise rather than a cashless exercise.

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the
Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees not
to take any position contrary to this Section 2(c).

d) Mechanics
of Exercise.

i. Delivery of
Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent
to the Holder by crediting the account of the Holder’s or its designee’s balance account with The Depository Trust Company
through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system
for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise. Otherwise, if either (A) there is an effective
registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares by Holder or (B) this Warrant
is being exercised via cashless exercise or otherwise, the Company shall cause the Warrant Shares purchased hereunder to be transmitted
to Holder by physical delivery of a certificate, registered in the Company’s share register in the name of the Holder or its designee,
for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address specified by the Holder in
the Notice of Exercise. In either case, such delivery shall be made by the date that is the earliest of (i) two (2) Trading Days after
the delivery to the Company of the Notice of Exercise, (ii) one (1) Trading Day after delivery of the aggregate Exercise Price to the
Company and (iii) the number of Trading Days comprising the Standard Settlement Period after the delivery to the Company of the Notice
of Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery of the Notice of Exercise, the
Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this
Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, provided that the register of members of the
Company is duly updated to reflect the same on the date of delivery of the Notice of Exercise and payment of the aggregate Exercise Price
(other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading Days and (ii) the number of Trading
Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the Company fails for any reason to deliver
to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder,
in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of
the Shares on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading
Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant Shares
are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant in the FAST program
so long as this Warrant remains outstanding and exercisable. As used herein, “Standard Settlement Period” means the
standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the
Shares as in effect on the date of delivery of the Notice of Exercise.

ii. Delivery of
New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and
upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing
the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other
respects be identical with this Warrant.

iii. Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section
2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

iv. Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder, if
the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions of Section
2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by
its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, Shares
to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a
“Buy-In”), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder’s
total purchase price (including brokerage commissions, if any) for the Shares so purchased exceeds (y) the amount obtained by multiplying
(1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times
(2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either
reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such
exercise shall be deemed rescinded) or deliver to the Holder the number of Shares that would have been issued had the Company timely
complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Shares having a total purchase price
of $11,000 to cover a Buy-In with respect to an attempted exercise of Shares with an aggregate sale price giving rise to such purchase
obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000.
The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request
of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies available
to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect
to the Company’s failure to timely deliver Shares upon exercise of the Warrant as required pursuant to the terms hereof.

v. No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this
Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall,
at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the
Exercise Price or round up to the next whole share.

vi. Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and
such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however,
that in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for
exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company may require, as a condition
thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer
Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established
clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

vii. Closing of
Books. The Company will not close its shareholder books or records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

Section
3. Certain Adjustments.

a) Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a share dividend or otherwise makes
a distribution or distributions on Shares or any other equity or equity equivalent securities payable in Shares (which, for avoidance
of doubt, shall not include any Shares issued by the Company upon exercise of this Warrant), (ii) subdivides outstanding Shares into
a larger number of shares, (iii) combines (including by way of reverse stock split) outstanding Shares into a smaller number of shares,
or (iv) issues by reclassification of Shares any shares of capital stock of the Company, then in each case the Exercise Price shall be
multiplied by a fraction of which the numerator shall be the number of Shares (excluding treasury shares, if any) outstanding immediately
before such event and of which the denominator shall be the number of Shares outstanding immediately after such event, and the number
of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the aggregate Exercise Price of this Warrant
shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for
the determination of shareholders entitled to receive such dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision, combination or re-classification.

b) Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants, issues or sells
any Shares Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the record holders of any class
of Shares (the “Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable to
such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of Shares
acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation,
the Beneficial Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase
Rights, or, if no such record is taken, the date as of which the record holders of Shares are to be determined for the grant, issue or
sale of such Purchase Rights (provided, however, to the extent that the Holder’s right to participate in any such Purchase Right
would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such
Purchase Right to such extent (or beneficial ownership of such Shares as a result of such Purchase Right to such extent) and such Purchase
Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would not result in the
Holder exceeding the Beneficial Ownership Limitation).

c) Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution
of its assets (or rights to acquire its assets) to holders of Shares, by way of return of capital or otherwise (including, without limitation,
any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate
rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance
of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the
Holder would have participated therein if the Holder had held the number of Shares acquirable upon complete exercise of this Warrant
(without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately
before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders
of Shares are to be determined for the participation in such Distribution (provided, however, to the extent that the
Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation,
then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any Shares
as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the
Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

d) Fundamental
Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related transactions
effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly, effects any
sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series
of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another
Person) is completed pursuant to which holders of Shares are permitted to sell, tender or exchange their shares for other securities,
cash or property and has been accepted by the holders of 50% or more of the total voting power of the Company's shares of common stock,
(iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization or recapitalization
of the Shares or any compulsory share exchange pursuant to which the Shares are effectively converted into or exchanged for other securities,
cash or property, or (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or share purchase
agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
with another Person or group of Persons whereby such other Person or group acquires more than 50% of the total voting power of the Company's
shares of common stock (not including any Shares held by the other Person or other Persons making or party to, or associated or affiliated
with the other Persons making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental
Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each Warrant
Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option
of the Holder, the number of Shares of the successor or acquiring corporation or of the Company, if it is the surviving corporation,
and any additional consideration (the “Alternate Consideration”) receivable as a result of such Fundamental Transaction
by a holder of the number of Shares for which this Warrant is exercisable immediately prior to such Fundamental Transaction. For purposes
of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration
based on the amount of Alternate Consideration issuable in respect of one Share in such Fundamental Transaction, and the Company shall
apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different
components of the Alternate Consideration. If holders of Shares are given any choice as to the securities, cash or property to be received
in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise
of this Warrant following such Fundamental Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction,
the Company or any Successor Entity (as defined below) shall, at the Holder’s option, exercisable at any time concurrently with,
or within 30 days after, the consummation of the Fundamental Transaction (or, if later, the date of the public announcement of the applicable
Fundamental Transaction), purchase this Warrant from the Holder by paying to the Holder an amount of cash equal to the Black Scholes
Value of the remaining unexercised portion of this Warrant on the date of the consummation of such Fundamental Transaction; provided, however,
if the Fundamental Transaction is not within the Company’s control, including not approved by the Company’s Board of Directors,
the Holder shall only be entitled to receive from the Company or any Successor Entity, as of the date of consummation of such Fundamental
Transaction, the same type or form of consideration (and in the same proportion), at the Black Scholes Value of the unexercised portion
of this Warrant, that is being offered and paid to the holders of Shares of the Company in connection with the Fundamental Transaction,
whether that consideration be in the form of cash, stock or any combination thereof, or whether the holders of Shares are given the choice
to receive from among alternative forms of consideration in connection with the Fundamental Transaction; provided, further,
that if holders of Shares of the Company are not offered or paid any consideration in such Fundamental Transaction, such holders of Shares
will be deemed to have received common stock of the Successor Entity (which Entity may be the Company following such Fundamental Transaction)
in such Fundamental Transaction. “Black Scholes Value” means the value of this Warrant based on the Black and Scholes
Option Pricing Model obtained from the “OV” function on Bloomberg, L.P. (“Bloomberg”) determined as of
the day of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest rate corresponding
to the U.S. Treasury rate for a period equal to the time between the date of the public announcement of the applicable Fundamental Transaction
and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function
on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the public announcement
of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation shall be the greater of (i) the
sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such
Fundamental Transaction and (ii) the highest VWAP during the period beginning on the Trading Day immediately preceding the announcement
of the applicable Fundamental Transaction (or the consummation of the applicable Fundamental Transaction, if earlier) and ending on the
Trading Day of the Holder’s request pursuant to this Section 3(d) and (D) a remaining option time equal to the time between the
date of the public announcement of the applicable Fundamental Transaction and the Termination Date and (E) a zero cost of borrow.. The
payment of the Black Scholes Value will be made by wire transfer of immediately available funds (or such other consideration) within
the later of (i) five Business Days of the Holder’s election and (ii) the date of consummation of the Fundamental Transaction.
The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor
Entity”) to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions of
this Section 3(d) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder
(without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver to the Holder in exchange
for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to
this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent entity)
equivalent to the Shares acquirable and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of
this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies the exercise price hereunder to such shares
of capital stock (but taking into account the relative value of the Shares pursuant to such Fundamental Transaction and the value of
such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose of protecting the
economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory
in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to,
and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant referring to
the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall
assume all of the obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the
Company herein.

e) Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes
of this Section 3, the number of Shares deemed to be issued and outstanding as of a given date shall be the sum of the number of Shares
(excluding treasury shares, if any) issued and outstanding.

f) Notice
to Holder.

i. Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly
deliver to the Holder by email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment to the number
of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

ii. Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form)
on the Shares, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Shares, (C) the Company shall
authorize the granting to all holders of the Shares rights or warrants to subscribe for or purchase any shares of capital stock of any
class or of any rights, (D) the approval of any shareholders of the Company shall be required in connection with any reclassification
of the Shares, any consolidation or merger to which the Company is a party, any sale or transfer of all or substantially all of the assets
of the Company, or any compulsory share exchange whereby the Shares are converted into other securities, cash or property, or (E) the
Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each
case, the Company shall cause to be delivered by email to the Holder at its last email address as it shall appear upon the Warrant Register
of the Company, at least 10 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x)
the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record
is not to be taken, the date as of which the holders of the Shares of record to be entitled to such dividend, distributions, redemption,
rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share
exchange is expected to become effective or close, and the date as of which it is expected that holders of the Shares of record shall
be entitled to exchange their Shares for securities, cash or other property deliverable upon such reclassification, consolidation, merger,
sale, transfer or share exchange; provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall
not affect the validity of the corporate action required to be specified in such notice. The Holder shall remain entitled to exercise
this Warrant during the period commencing on the date of such notice to the effective date of the event triggering such notice except
as may otherwise be expressly set forth herein.

Section
4. Transfer of Warrant.

a) Transferability.
This Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal office of
the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached hereto duly
executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer.
Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the
assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall
issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled.

b) New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company,
together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or
its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination,
the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in
accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and
shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.

Section
5. Miscellaneous.

a) No
Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a shareholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section
3.

b) Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any share certificate relating to the Warrant Shares, and in case
of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of the Warrant, shall not include
the posting of any bond), and upon surrender and cancellation of such Warrant or share certificate, if mutilated, the Company will make
and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.

c) Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted
herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding Business Day.

d) Authorized
Shares.

The
Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Shares a sufficient
number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant. The Company
further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of
issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all such reasonable
action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law
or regulation, or of any requirements of the Trading Market upon which the Shares may be listed. The Company covenants that all Warrant
Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights
represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid
and nonassessable and free from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes
in respect of any transfer occurring contemporaneously with such issue).

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale
of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
but will in good faith use reasonable best efforts to assist in the carrying out of all such terms and in the taking of all such actions
as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting
the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable therefor
upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate in order
that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and (iii)
use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having
jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from
any public regulatory body or bodies having jurisdiction thereof.

e) Governing Law.
All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and construed
and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof.
Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated
by this Warrant (whether brought against a party hereto or their respective affiliates, directors, officers, shareholders, partners,
members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York. Each party
hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of
Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such
proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party
at the address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner
permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of this Warrant, the prevailing
party in such action, suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’ fees and other
costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

f) Restrictions.
The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does not
utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

g) Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as
a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision of
this Warrant, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material
damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including,
but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting
any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

h) Notices.
Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation, any
Notice of Exercise or shall be in writing and delivered personally, or e-mail, or sent by a nationally recognized overnight courier service,
addressed to the Company, at 701 S. Carson Street, Suite 200, Carson City, NV, 89701, Attention: Dennis Nguyen, email address: dennis@thesocietypass.com,
or such other email address or address as the Company may specify for such purposes by notice to the Holders. Any notice, statement or
demand to be given to the Company shall be in writing and delivered personally, or by e-mail, or sent by a nationally recognized overnight
courier service. Any and all notices or other communications or deliveries to be provided by the Company hereunder shall be in writing
and delivered personally, or by email or sent by a nationally recognized overnight courier service addressed to each Holder at the e-mail
address or address of such Holder appearing on the books of the Company. Any notice or other communication or deliveries hereunder shall
be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via e-mail
at the e-mail address set forth in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next Trading Day after
the date of transmission, if such notice or communication is delivered via e-mail at the e-mail address set forth in this Section on
a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the second Trading Day following
the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom
such notice is required to be given.

i) Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant
Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
price of any Shares or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

j) Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific
performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any
action for specific performance that a remedy at law would be adequate.

k) Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns of
Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be
enforceable by the Holder or holder of Warrant Shares.

l) Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company, on the one hand, and
the Holder or the beneficial owner of this Warrant, on the other hand.

m) Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the
extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Warrant.

n) Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this
Warrant.

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above
indicated.

SOCIETY
PASS INCORPORATED

By:
______________________

Name:
Dennis Nguyen

Title:
Chief Executive Officer

    	 	1	 

     

    

 

NOTICE
OF EXERCISE

To:
VStock Transfer LLC

(1) 
The undersigned hereby elects to purchase Warrant Shares of Society Pass Incorporated (the “Company”) pursuant
to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together
with all applicable transfer taxes, if any.

(2) Payment
shall take the form of (check applicable box):

☐ in
lawful money of the United States; or

☐ 
if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in subsection 2(c).

(3) Please
issue said Warrant Shares in the name of the undersigned or in such

other
name as is specified below:

 

The Warrant Shares shall be delivered to the following DWAC Account Number:

______________________

______________________

______________________

[SIGNATURE
OF HOLDER]

Name
of Investing Entity: ______________________

Signature
of Authorized Signatory of Investing Entity: ______________________

Name
of Authorized Signatory: ______________________

Title
of Authorized Signatory: ______________________

Date:
______________________

    	 	2	 

     

    

ASSIGNMENT
FORM

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

Name:
______________________

(Please
Print)

Address:
__________________________________________________________________

(Please
Print)

Phone
Number: ______________________

Email
Address: ______________________

Dated:
______________________

Holder’s
Signature: ____________________________________________

Holder’s
Address: ______________________________________________________________

    	 	3CONSULTING AGREEMENT

This Consulting Agreement
(this “Agreement”), dated as of July 7, 2022 (the “Effective Date”), is made and entered into by
and among Society Pass, Inc., a Nevada corporation (the “Parent”), Thoughtful Media Group Incorporated, a Nevada corporation
(the “Company”), and Thorman Development, Inc. f/s/o Daniel Thorman (the “Consultant”). Terms used
herein and not otherwise defined shall have the meanings set forth in Section 9.

RECITALS

WHEREAS, subject to
the terms and conditions hereinafter set forth, the Company wishes to engage the Consultant and the Consultant wishes to be engaged by
the Company.

NOW, THEREFORE, in
consideration of the foregoing premises and the mutual promises, terms, provisions, and conditions set forth in this Agreement, the adequacy
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

AGREEMENT

		1.	Engagement. Subject to the terms and conditions set forth in this Agreement, Company hereby offers,
and Consultant hereby accepts a consulting engagement with Company, as of the Effective Date.
	 	 	 

		2.	Term. Subject to Section 5, Consultant’s engagement under the terms of this Agreement shall
be for a period (the “Term”) commencing on the Effective Date and continuing until December 31, 2022 (the “Term
End Date”). The parties may terminate this Agreement and Consultant’s engagement hereunder during the Term in accordance
with, and subject to, the provisions of, Section 5.
	 	 	 

		3.	Capacity and Performance.
	 	 	 

		(a)	During the Term, the Consultant shall perform such duties and responsibilities as directed by the Company’s
Chief Executive Officer, consistent with Consultant’s position on behalf of Company. Externally, the Consultant will operate with
the title of “Chief Executive Officer of Thoughtful Media Group.”
	 	 	 

		(b)	Consultant shall devote the necessary and required attention, skill, and efforts to the performance of
his duties under this Agreement during the Term, and shall not perform any activity that (x) conflicts with the interests of the Company
or any other member of the Company Group, (y) interferes with the proper and efficient performance of Consultant’s duties for the
Company, or (z) interferes with Consultant’s exercise of judgment in the Company’s best interests. Notwithstanding the foregoing,
nothing herein shall preclude Consultant from (i) working with a noncompeting for-profit business and one or more charitable organizations,
(ii) engaging in charitable activities and community affairs, (iii) managing Consultant’s personal investments and affairs of (iv)
own and work for Collidescope.io, Inc. as long as Collidescope.io, Inc. maintains its current lines of business, which includes the analytics
scoring and advertising technology tools that it currently has in development that service its for-profit and non-profit clients.
	 	 	 

		4.	Compensation and Benefits.
	 	 	 

		(a)	Compensation. The Company shall pay Consultant $14,500 on the last day of each month from July
2022 to December 2022 for a total of $87,000 in monthly compensation. Further, for services performed by Consultant under this Agreement,
Company shall pay Consultant compensation of $250,000, payable on the Effective Date, with (i) 65% to be paid in restricted shares of
the Parent’s common stock, equal to the number of shares calculated by dividing $162,500 by the Stock Purchase Agreement Share Price,
with the standard restrictions imposed by U.S. securities laws (the “Shares”) and (ii) 35%, equal to $87,500, to be
paid in cash.
	 	 	 

		(b)	Bonus-Performance Incentive Compensation. The Consultant shall receive an incentive bonus
of $175,000 (the “Bonus”) as described in this Section 4(b) if the Company has consolidated revenue, including new
subsidiaries or business units set up for the purpose of conducting similar business lines (e.g. Indonesian operations, Vietnam local
expansion operations, etc.), as calculated using generally accepted accounting practices in the United States, ranging from over $7,000,000
to over $10,000,000 for the fiscal year ended December 31, 2022 (“Revenue Targets”). If the Company achieves a Revenue
Target of over $10,000,000, the Consultant shall be issued on April 15 2023, the maximum Bonus equal to the number of restricted shares
of the Parent’s common stock equal to $175,000 divided by the price of the Parent’s common stock on the date of issuance (the
“Maximum Bonus”). If the Company achieves a Revenue Target of over $9,000,000 but not over $10,000,000, the Consultant
shall receive on April 15, 2023, a total of 40% of the Maximum Bonus. If the Company achieves a Revenue Target of over $8,000,000 but
not over $9,000,000, the Consultant shall receive on April 15, 2023, a total of 25% of the Maximum Bonus. If the Company achieves a Revenue
Target of over $7,000,000 but not over $8,000,000, the Consultant shall receive on April 15, 2023, a total of 15% of the Maximum Bonus.
	 	 	 

		(c)	The Consultant shall receive the right to receive $42,000 in common stock of the Thoughtful Media Group
Incorporated (“TMG”) which shall be issued to the Consultant immediately prior to a Liquidity Event using the price
of the shares for the Liquidity Event to calculate the number of shares of TMG the Consultant shall receive.
	 	 	 

		(d)	With respect to the Shares, the Consultant represents that: (i) he understands that the Shares have not
been, and will not be, registered with the Securities and Exchange Commission (the “SEC”) or any state securities commission,
(ii) he is acquiring the Shares for its own account and not for resale in connection with any distribution, (iii) he has substantial experience
in evaluating and investing in private placement transactions of securities in companies similar to the Parent, (iv) he understands and
acknowledges that the Parent has a limited financial and operating history and that an investment in the Parent involves risks, (v) he
has had an opportunity to review the Company’s filings with the SEC and ask questions of, and receive answers from, the officers
of the Parent, (vi) he is an accredited investor within the meaning of Regulation D, Rule 501(a), promulgated by the SEC under the Securities
Act of 1933, as amended (the “Act”), and shall submit to the Parent such further assurances of such status as may be
reasonably requested by the Parent, (vii) he acknowledges that the Shares must be held indefinitely unless subsequently registered under
the Act or an exemption from such registration is available and (viii) he understands and acknowledges that the Parent has made no assurances
that a public market will exist for Shares.
	 	 	 

		(e)	Company Travel and Expenses. Expenses required for Consultant’s execution of the duties under
this Agreement under $200 each month shall be reimbursed by the Company. Expenses greater than $200 each month shall only be reimbursed
if approved in advance by the Company. All international airline travel plans must be pre-approved and coordinated with the Company. If
air travel is required, for flights longer than six hours, Business Class travel shall be arranged for Consultant. The Company shall use
its best efforts to arrange Asian air travel on Cathay Pacific with which Consultant maintains his loyalty program.
	 	 	 

		5.	Termination of Engagement; Severance Benefits. Notwithstanding the provisions of Section 2, the
Consultant’s engagement hereunder shall terminate under the following circumstances:
	 	 	 

		(a)	Death and Disability. If, during the Term, Consultant’s dies or has a Disability, Consultant’s
engagement hereunder shall immediately and automatically terminate and Consultant shall not receive any further compensation, including
the Bonus.
	 	 	 

		(b)	By Company for Cause. Company may terminate Consultant’s engagement hereunder for Cause,
as defined in Section 9, at any time upon notice to Consultant setting forth in reasonable detail the nature of such Cause. Upon the giving
of notice of termination of Consultant’s engagement hereunder for Cause, the Company shall have no further obligation to Consultant
and the Consultant shall not receive any further compensation, including the Bonus. Any notice of termination of Consultant’s engagement
hereunder for Cause, or any notice to Consultant regarding any event, condition or circumstance that, if not cured, if applicable, in
accordance with the above, could give rise to a termination of Consultant’s engagement hereunder for Cause, shall set forth in detail
the applicable event(s), condition(s) or circumstance(s) constituting reason(s) or potential reason(s) for such termination hereunder.
	 	 	 

		(c)	By Company Other than for Cause or by Consultant for Good Reason. If (i) the Company terminates
the Consultant’s engagement other than for Cause or (ii) the Consultant terminates Consultant’s engagement hereunder for Good
Reason at any time upon thirty (30) days’ written notice to Company, after termination of the Agreement under this Section 5(c),
the Consultant shall receive the Maximum Bonus, which shall be processed within fifteen (15) days after termination.
	 	 	 

		(d)	By Consultant Other than for Good Reason. Consultant may terminate Consultant’s engagement
hereunder other than for Good Reason upon thirty (30) days’ written notice to Company; provided, that Company may,
in its sole and absolute discretion, by written notice accelerate such date of termination. In the event of a termination of Consultant’s
engagement under this Section 5(d), the Company shall have no further obligation to Consultant and the Consultant shall not receive any
further compensation, including the Bonus.
	 	 	 

		(e)	Provisions of this Agreement will survive any termination if so provided herein or if necessary or desirable
to accomplish the purposes of other surviving provisions, including, without limitation, the obligations of Consultant under Sections
6 and 7.
	 	 	 

		(f)	Upon termination of the Consultant’s engagement or upon the Company’s request at any other
time, the Consultant will deliver to the Company all of the Company’s property, equipment, and documents, together with all copies
thereof, and any other material containing or disclosing any Intellectual Property or Confidential Information and certify in writing
that the Consultant has fully complied with the foregoing obligation. The Consultant agrees that the Consultant will not copy, delete,
or alter any information contained upon any Company computer or Company equipment before the Consultant returns it to the Company. In
addition, if the Consultant has used any personal computer, server, or email system to receive, store, review, prepare or transmit any
Company information, including but not limited to, Confidential Information, the Consultant agrees to provide the Company with a computer-usable
copy of all such Confidential Information and then permanently delete and expunge such Confidential Information from those systems; and
the Consultant agrees to provide the Company access to the Consultant’s system as reasonably requested to verify that the necessary
copying and/or deletion is completed.
	 	 	 

		6.	Confidential Information.
	 	 	 

		(a)	Consultant acknowledges that Company continually develops Confidential Information, that Consultant may
develop Confidential Information for Company and that Consultant may learn of Confidential Information during the course of engagement
with Company. Consultant will comply with the policies and procedures of Company for protecting Confidential Information and shall not
disclose to any Person or use, other than as required by applicable law, regulation or process or for the proper performance of Consultant’s
duties and responsibilities to Company, any Confidential Information obtained by Consultant incident to Consultant’s engagement
or other association with Company. Consultant understands that this restriction shall continue to apply after Consultant’s engagement
terminates, regardless of the reason for such termination.
	 	 	 

		(b)	Notwithstanding anything contained in this Section 6 to the contrary, nothing contained herein shall prevent
Consultant from disclosing any Confidential Information required by law, subpoena, court order or other legal process to be disclosed;
provided, that, Consultant shall give prompt written notice to Company of such requirement, disclose no more information than is so required
and cooperate, at Company’s cost and expense, with any attempt by Company to obtain a protective order or similar treatment with
respect to such information.
	 	 	 

		7.	Restricted Activities. Consultant agrees that the restrictions on Consultant’s activities
during and after Consultant’s engagement set forth below are necessary to protect the goodwill, Confidential Information and other
legitimate interests of Company and its successors and assigns:
	 	 	 

		(a)	During the term of this Agreement and during the Restricted Period following termination of engagement,
Consultant will not, without the prior written consent of Company, directly or indirectly, and whether as principal or investor or as
an Consultant, officer, director, manager, partner, consultant, agent, or otherwise, alone or in association with any other Person, firm,
corporation, or other business organization, engage or otherwise become involved in a Competing Business (as defined below) in any country
in which the Company conducted business during the Term; provided, however, that the provisions of this Section 7 shall apply solely to
those activities of a Competing Business. A “Competing Business” is a business with the business activities of the
Parent at any time during the Term or during the twelve (12) month period preceding termination of Consultant’s engagement. “Restricted
Period” means twelve (12) months. Collidescope.io, Inc.’s current lines of business shall not be considered a Competing
Business, which includes the analytics scoring and advertising technology tools that it currently has in development that service its
for-profit and non-profit clients.
	 	 	 

		(b)	During the Term of this Agreement and during the Restricted Period, Consultant will not engage in any
Wrongful Solicitation. A “Wrongful Solicitation” shall be deemed to occur when Consultant directly or indirectly (except
in the course of Consultant’s engagement with Company), for the purpose of conducting or engaging in a Competing Business, calls
upon, solicits, advises or otherwise does, or attempts to do, business with any Person who is, or was, during the then most recent 12-month
period, a customer or supplier of Company or any of its subsidiaries, or takes away or interferes or attempts to take away or interfere
with any custom, trade, business, patronage or affairs of Company or any of its subsidiaries, or hires or attempts to hire any Person
who is, or was during the most recent 12-month period, a consultant, officer, representative or agent of Company or any of its subsidiaries,
or solicits, induces, or attempts to solicit or induce any Person who is an consultant, officer, representative or agent of Company or
any of its subsidiaries to leave the employ of Company or any of its subsidiaries, or violate the terms of their contract, or any employment
agreement with it.
	 	 	 

		(c)	It is expressly understood and agreed that although Consultant and Company consider the restrictions contained
in this Section 7 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory
or any other restriction contained in this Agreement is an unenforceable restriction against Consultant, the provisions of this Agreement
shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as the
court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction
contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall
not affect the enforceability of any of the other restrictions contained herein.
	 	 	 

		(d)	It is expressly understood by Consultant that in the event of a violation of any period specified in this
Section 7, such period shall be extended by a period of time equal to that period beginning with the commencement of any such violation
and ending when such violation shall have been finally terminated in good faith.
	 	 	 

		8.	Enforcement of Covenants. Consultant acknowledges that Consultant has carefully read and considered
all the terms and conditions of this Agreement, including the restraints imposed upon Consultant pursuant to Sections 6 and 7. Consultant
agrees that these restraints are necessary for the reasonable and proper protection of Company and its successors and assigns and that
each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. Consultant further
acknowledges that, were Consultant to breach any of the covenants contained in Sections 6 and 7, the damage to Company would be irreparable.
Consultant therefore agrees that Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent
injunctive relief against any breach or threatened breach by Consultant of any of the covenants herein, without any requirement to post
a bond or similar security. The parties further agree that, in the event that any provision of Sections 6 or 7 shall be determined by
any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic
area or too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent
permitted by law.
	 	 	 

		9.	Definitions. Words or phrases which are initially capitalized or are within quotation marks shall
have the meanings provided in this Section and as provided elsewhere herein. For purposes of this Agreement, the following definitions
apply:

	 	(a)	“$” refers to U.S. Dollars.
	 	 	 
		(b)	“Cause” means if Consultant is discharged by Company on account of the occurrence of
one or more of the following events:
	 	 	 

		(i)	Consultant’s continued refusal or failure to perform (other than by reason of Disability) Consultant’s
material duties and responsibilities to Company communicated to Consultant if such refusal or failure is not cured within thirty (30)
days following written notice from the Company of its belief that there is Cause for Consultant’s termination under this clause
(i), or Consultant’s continued refusal or failure to follow any reasonable lawful direction of the Board if such refusal or failure
is not cured within thirty (30) days following written notice from the Company of its belief that there is Cause for Consultant’s
termination under this clause (i);
	 	 	 

		(ii)	A material breach of this Agreement (other than Sections 6 or 7) by Consultant that, if capable of being
cured, is not cured within thirty (30) days following written notice of such breach by Company to Consultant;
	 	 	 

		(iii)	an intentional and material breach of Sections 6 or 7 hereof by Consultant;
	 	 	 

		(iv)	willful, grossly negligent or unlawful misconduct by Consultant which causes harm to Company or its reputation;
	 	 	 

		(v)	any conduct engaged in by Consultant that is materially detrimental to the business or reputation of Company
as determined by the Company’s Board in good faith using its reasonable business judgment that is not cured within thirty (30) days
following written notice from the Company of its belief that there is Cause for Consultant’s termination under this clause (v);
	 	 	 

		(vi)	Company is directed in writing by regulatory or governmental authorities to terminate the engagement of
Consultant or Consultant engages in activities that (i) are not approved or authorized by the Board, and (ii) cause actions to be taken
by regulatory or governmental authorities that have a material adverse effect on Company; or
	 	 	 

		(vii)	a conviction, plea of guilty, or plea of nolo contendere by Consultant, of or with respect to a
criminal offense which is a felony or other crime involving dishonesty, disloyalty, fraud, embezzlement, theft or similar action(s) (including,
without limitation, acceptance of bribes, kickbacks or self-dealing), or the material breach of Consultant’s fiduciary duties with
respect to Company. For the purpose of clarification, any current or future actions involving Consultant and Mark Ingrouille and the related
claims are not applicable to this section.
	 	 	 

		(c)	“Company Group” shall mean the Company together with any of its direct or indirect
subsidiaries.
	 	 	 

		(d)	“Confidential Information” means any and all nonpublic information of Company. Confidential
Information includes, without limitation, such information relating to (i) the development, research, testing, manufacturing, marketing
and financial activities of Company, (ii) the Services, (iii) the costs, sources of supply, financial performance and strategic and/or
business plans of Company, (iv) the identity and special needs of the customers and prospective customers of Company, and (v) the people
and organizations with whom Company has business relationships and those relationships. Confidential Information also includes any information
that Company has received, or may receive hereafter, belonging to customers or others with any understanding, express or implied, that
the information would not be disclosed. Notwithstanding the foregoing, “Confidential Information”
does not include (x) any information that is or becomes generally known to the industry or the public through no wrongful act of Consultant
or any representative of Consultant and (y) any information that is made legitimately available to Consultant by a third party without
breach of any confidentiality obligation.
	 	 	 

		(e)	“Disability” means Consultant’s inability, due to any illness, injury, accident
or condition of either a physical or psychological nature, to substantially perform Consultant’s duties and responsibilities hereunder
for a period of ninety (90) consecutive days, or for any one hundred and eighty (180) days during any period of three hundred and sixty-five
(365) consecutive calendar days,
	 	 	 

		(f)	“Good Reason” means, without Consultant’s express written consent, (i) a material
breach of any term or condition contained in this Agreement, or (ii) a relocation of Consultant’s principal worksite that is more
than fifty (50) miles from Consultant’s principal worksite as of the Effective Date.
	 	 	 

		(g)	“Intellectual Property” means inventions, discoveries, developments, methods, processes,
compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created,
developed or reduced to practice by Consultant (whether alone or with others, whether or not during normal business hours or on or off
Company premises) during Consultant’s engagement that relate to either the Services or that make use of Confidential Information
or any of the equipment or facilities of Company.
	 	 	 

		(h)	“Liquidity Event” shall mean an initial public offering or the Sale of Company. 
	 	 	 

		(i)	“Person” means an individual, a corporation, a limited liability company, an association,
a partnership, an estate, a trust and any other entity or organization, other than Company.
	 	 	 

		(j)	“Sale of Company” means the sale of Company to an independent third party or group
of independent third parties pursuant to which such party or parties acquire (i) equity interests possessing the voting power under normal
circumstances to elect a majority of the Board of Directors or similar governing body of Company (whether by merger, consolidation or
sale or transfer of such equity interests), or (ii) all or substantially all of Company’s assets determined on a consolidated basis.
	 	 	 

		(k)	“Services” means all services planned, researched, developed, tested, manufactured,
sold, licensed, leased or otherwise distributed or put into use by Company, together with all products provided or planned by Company,
during Consultant’s engagement.
	 	 	 

		(l)	“Stock Purchase Agreement Share Price” means the
final effective share price related to the Equity Consideration as set forth in the Stock Purchase Agreement between the Parent, Company,
and AdActive Media Incorporated.
	 	 	 

		10.	Withholding. All payments made by Company under this Agreement may be reduced by any tax or other
amounts required to be withheld by Company under applicable law or by any amounts authorized in writing by Consultant.
	 	 	 

		11.	Assignment. Neither Company nor Consultant may make any assignment of this Agreement or any interest
herein, by operation of law or otherwise, without the prior written consent of the other; provided, however, that Company may assign its
rights and obligations under this Agreement without the consent of Consultant in the event of a Sale of Company. This Agreement shall
inure to the benefit of and be binding upon Company and Consultant, their respective successors, executors, administrators, heirs and
permitted assigns.
	 	 	 

		12.	Successors
	 	 	 

		(a)	Company’s Successors. Any successor to the Company or Parent (whether direct or indirect
and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s or Parent’s
business and/or assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement
in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession.
	 	 	 

		(b)	Consultant’s Successors. The terms of this Agreement and all rights of Consultant hereunder
shall inure to the benefit of, and be enforceable by, Consultant’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees.
	 	 	 

		13.	Severability. If any portion or provision of this Agreement shall to any extent be declared illegal
or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision
in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion
and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.
	 	 	 

		14.	Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed
by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver
by either party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed
a waiver of any subsequent breach.
	 	 	 

		15.	Survival. Sections 7 through 24 shall survive and continue in full force in accordance with their
terms notwithstanding the termination of Consultant’s engagement (and hence the Term of this Agreement) for any reason.
	 	 	 

		16.	Notices. Any and all notices, requests, demands and other communications provided for by this Agreement
shall be in writing and shall be effective when delivered in Person, with respect to notices delivered personally, or upon confirmed receipt
when delivered by email (with confirmation or receipt) or deposited with a reputable, nationally recognized overnight courier service
and addressed to Consultant at Consultant’s last known address on the books of Company or, in the case of Company, at its principal
place of business, attention: Secretary, Board of Directors.
	 	 	 

		17.	Entire Agreement. This Agreement constitutes the entire agreement between the parties (including
with respect to Company, its successors and assigns) with respect to Consultant’s engagement and supersedes all prior communications,
agreements and understandings, written or oral, with respect to the terms and conditions of Consultant’s engagement. This Agreement
has been signed by an authorized officer of the Company.
	 	 	 

		18.	Amendment. This Agreement may be amended or modified only by a written instrument signed by Consultant
and by an authorized representative of Company.
	 	 	 

		19.	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be
an original and all of which together shall constitute one and the same instrument. Furthermore, the delivery of a copy of such signature
by electronic exchange methodology shall constitute a valid and binding execution and delivery of this Agreement by such party, and such
electronic copy shall constitute an enforceable original document. Counterpart signatures need not be on the same page and shall be deemed
effective upon receipt.
	 	 	 

		20.	Thoughtful Thailand Limited. The Consultant shall sell, grant, convey, transfer, deliver and assign
all of his equity interest in Thoughtful Thailand Limited, a Thailand corporation incorporated on September 2, 2014 with a corporate registration
number of 0105557128041, to Society Pass Incorporated or one of its subsidiaries upon execution of this Agreement.
	 	 	 

		21.	Additional Obligations. Without implication that the contrary would otherwise be true, Consultant’s
obligations under Sections 6 and 7 are in addition to, and not in limitation of, any obligations that Consultant may have under applicable
law (including any law regarding trade secrets, duty of loyalty, fiduciary duty, unfair competition, unjust enrichment, slander, libel,
conversion, misappropriation and fraud).
	 	 	 

		22.	Attorneys’ Fees. In any action or proceeding brought to enforce any provision of this Agreement,
the prevailing party shall be entitled to recover reasonable attorneys’ fees, costs and expenses from the other party to the action
or proceeding. For purposes of this Agreement, the “prevailing party” shall be deemed to be that party who obtains
substantially the result sought, whether by settlement, mediation, judgment or otherwise, and “attorneys’ fees” shall
include, without limitation, the reasonable out-of-pocket attorneys’ fees incurred in retaining counsel for advice, negotiations,
suit, appeal or other legal proceeding, including mediation and arbitration.
	 	 	 

		23.	No Rule of Construction. This Agreement shall be construed to be neither against nor in favor of
any party hereto based upon any party’s role in drafting this Agreement, but rather in accordance with the fair meaning hereof.
	 	 	 

		24.	Governing Law. The validity, interpretation, construction
and performance of this Agreement shall be governed by the laws of the Delaware, and the Parties hereto unconditionally and irrevocably
submit to the non-exclusive jurisdiction of the New York courts.
	 	 	 

		25.	WAIVER OF JURY TRIAL. CONSULTANT AND COMPANY EXPRESSLY WAIVE ANY RIGHT EITHER MAY HAVE TO A JURY
TRIAL CONCERNING ANY CIVIL ACTION THAT MAY ARISE FROM THIS AGREEMENT, OR THE RELATIONSHIP OF THE PARTIES HERETO.
	 	 	 

		26.	Prior Restrictions. By signing below, the Consultant represents that the Consultant is not bound
by the terms of any agreement with any Person which restricts in any way the Consultant’s hiring by the Company and the performance
of the Consultant’s expected job duties; the Consultant also represents that, during the Consultant’s engagement with the
Company, the Consultant shall not disclose or make use of any confidential information of any other persons or entities in violation of
any of their applicable policies or agreements and/or applicable law.
	 	 	 

		27.	Independent Legal Counsel. By signing below, the Consultant hereby acknowledges that the Consultant
has been encouraged to obtain independent legal advice regarding the execution of this Agreement, and that the Consultant has either obtained
such advice or voluntarily chosen not to do so, and hereby waives any objections or claims the Consultant may make resulting from any
failure on the Consultant’s part to obtain such advice.
	 	 	 

[Remainder of Page Intentionally Left Blank]

    	 	1	 

     

    

 

IN WITNESS WHEREOF, this Agreement has been executed by Company
and Parent (by its duly authorized representatives) and by Consultant, as of the date first above written.

	 	 	 
	Society Pass, Inc.
	 	 
	By:	 	 
	 	 	Name: Dennis Nguyen
	 	 	Title: CEO
	 	 	 
	
    THOUGHTFUL MEDIA GROUP Incoporated

		 
	By:	 	 
	 	 	Name: Dennis Nguyen
	 	 	Title: CEO
	 
	
    CONSULTANT:

	
	 
	Daniel Thorman, President, Thorman Development, Inc.

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