Company: LAAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003680
Chunk: 8

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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305,000,000 shares of Restricted Common Stock to Well Profit Holdings Limited.

On June 6, 2022, the Company filed Articles of
Amendment, with the State of Florida designating 10,000,000 shares of the Preferred Stock as Convertible Series D Preferred Stock, par
value $0.001. Each share of Convertible Series D Preferred Stock is convertible into 1,000 shares of common stock. In addition, the Convertible
Series D Preferred Stock has voting privileges of 1,000 votes per one share of Series D. The Convertible Series D Preferred Stock is not
entitled to dividends.

On June 6, 2022, Ms. Keaveney was compensated
for her role as custodian with 300,000 shares of Convertible Preferred D Series Stock.

As of December 31, 2021, the Company had the following
designations for preferred stock; 50,000 shares of Series Preferred A Stock, 100,000 shares of Series Preferred B Stock, and 10,000,000
shares of Series Preferred C Stock. There were no shares issued and outstanding as of December 31, 2021. Effective June 7, 2022, the number
of shares and all rights, privileges and restrictions of the Series of Preferred Stock were cancelled.

Common Stock

The Company is authorized to issued 500,000,000
shares of common stock.

On August 25, 2023, a change in control of the
Company occurred by virtue of the Company’s largest shareholder sold 300,000 shares of the Convertible Series D Preferred Stock and issued
305,000,000 shares of Restricted Common Stock to Well Profit Holdings Limited.

On January 12, 2023, the Company issued 500,000
shares of common stock pursuant to a Share Exchange Agreement for the acquisition of Fun Fitness Corporation.

On June 6, 2022, Ms. Keaveney was compensated
for her role as custodian of the Company with 500,000
shares of common stock.

NOTE 5 – RELATED PARTY TRANSACTIONS

On June 6, 2022, Ms. Keaveney, former director
and officer of the Company, was compensated for her role as custodian with 300,000 shares of Convertible Preferred D Series Stock and
500,000 shares of common stock for total amount of $32,950. The shares were issued in the name of Small Cap Compliance, LLC