Company: GRPS
Filing Date: 2025-10-16
Form Type: 10-Q/A
Source: 0001683168-25-007611
Chunk: 6

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-16
Form: 10-Q/A
Chunk 6
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 Company’s
common stock to three billion (3,000,000,000) shares;

2. Convert his retained 640,000 shares
of Series A Preferred Stock, to 64,000,000 shares of common stock;

3. Issue to various former employees and consultants
of the Company an aggregate amount of 15,248,503 shares of the Company’s common stock; and

4. Complete the assignment of assets and assumption
of liabilities as they existed immediately prior to the closing of the stock purchase agreement on August 29, 2022.

Following the purchase of the shares of Class
A and Class B Preferred Stock, Mr. Thomas and TAA agreed to:

1. To have the Company issue shares of a Class
C Preferred Stock to the former members of TAA, such shares to be convertible into 85% of the Company’s common stock, but limited
as to this conversion for a minimum of 12 months from the date of issuance; and

2. To cancel and withdraw the shares of Series
A Preferred Stock.

On August 29, 2022, Gold River Productions, Inc.
and Goulding executed an Assignment of Rights and Assumption of Liabilities Agreement whereby Gold River Productions, Inc. assigned all
of its assets and liabilities to Mr. Richard Goulding (Mr. Goulding), Chairman of the Board and CEO of GRP, resulting in GRP becoming
a public shell company without any assets or liabilities and became the accounting acquiree.

On September 13, 2022, Gold River Productions,
Inc. and Trans American Aquaculture, LLC (“TAA”) executed a Definitive Equity Exchange Agreement in a transaction accounted
for as a reverse acquisition, whereby TAA became the accounting acquiror. TAA operates a large land-based shrimp farming and technology
company located in South Texas. The Company produces premium quality, farm-raised white shrimp, 100% free of antibiotics and hormones,
and cultivated using safe and sustainable practices. Its principal markets consist of seafood distributors, restaurants, and grocery
store chains in the United States. Using decades of experience in the shrimp aquaculture industry, products are grown with our superior
technology and our proprietary genetics which results in a superior fresh product always grown in the United States.

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

The accompanying consolidated financial statements
include the accounts of Trans American Aquaculture, Inc. and its wholly owned subsidiary Trans