Company: FTSP
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001199835-25-000387
Chunk: 9

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 Purchase Agreement, the Company entered into a License Agreement that grants the Company an exclusive worldwide
license to use certain AI technology. Under the License Agreement, the Company agreed to pay a total license fee of $440,000. Payable
in monthly installments of $5,000. Upon payment in full, the license automatically converts into a perpetual, fully paid-up and irrevocable
worldwide license. The Company commenced license payments on August 4, 2025. As at September 30, 2025, the Company had paid $10,000 and
has postponed monthly installments while the Company develops the overlaying software.

Software
Development Agreement

In
connection with the Asset Purchase Agreement, the Company entered into an agreement with a group of software specialists to carry out
certain software development activities on the Company’s behalf. In exchange for such services, the Company agreed to pay $123,000
within five days after the receipt by the Company of proceeds from equity financing of the Company from which the Company receives aggregate
gross proceeds of not less than $200,000. The Company paid the $123,000 during the period ending September 30, 2025.

Lock-Up
and Leak-Out Agreements

In
connection with the Asset Purchase Agreement, the Company entered into Lock-Up and Leak-Out Agreements with the associated parties of
the agreements on February 12, 2025 the parties agreed not to sell or engage in similar transactions with respect to any common stock
other than shares received pursuant to the Asset Purchase Agreement for a period of 180 days after the closing on February 14, 2025.
After the expiration of such period, the parties may transfer up to 20% of the shares received pursuant to the Asset Purchase Agreement
every 60 days.

Funding

All
of our ongoing operations have continued to be funded by monies advanced to us by Lode-Star Gold INC. (LSG), our largest shareholder.
We do not currently have enough funds to carry out our entire plan of operations, so we intend to meet the balance of our cash requirements
for the next 12 months through a combination of debt financing and equity financing through private placements. There is no assurance that
we will be successful in completing any such financings.

If
we are unsuccessful in obtaining sufficient funds through our capital raising efforts, we may review other financing options, although
we cannot provide any assurance that any such options will be available to us or on terms reasonably acceptable to