Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 30

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 30
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approve any action of the Company on which the
holders of Series A Preferred Stock are entitled to vote as a separate class, which include (i) amending the Articles of Incorporation
in any manner that adversely affects the rights of holders of Series A Preferred Stock; (ii) adversely alerting or changing the voting
or other powers, preferences, rights, privileges, or restrictions of Series A Preferred Stock contained in the certificate of designation
of the Series A Preferred Stock (the “ Certificate of Designation

The
Series A Preferred Stock shall rank senior and prior to all other securities issued by the Company upon any liquidation, dissolution
or winding up of the Company. Upon the holders of the Series A Preferred Stock having received the distributions to which they are entitled,
the remaining assets of the Company available for distribution to shareholders shall be distributed among the holders of Common Stock
and the Series A Preferred Stock, on an as converted basis, pro rata in proportion to the number of shares of Common Stock held by each
holder. With respect to the liquidation rights set forth herein, a business combination is deemed a liquidation of the Company.

We
have no Preferred Stock outstanding at the date hereof. Although we do not currently intend to issue any Preferred Shares, we cannot
assure you that we will not do so in the future.

Indemnification
of Officers and Directors

Nevada
law and the Articles of Incorporation allow us to indemnify our officers and directors against claims associated with carrying out the
duties of their offices. The Bylaws also allow us to reimburse them for the costs of certain legal defenses. In connection with the consummation
of the Transactions, the Company entered into the Indemnification Agreement with Mark Walmesley, the Company’s sole director and
officer, providing for, among other things, reimbursement for any losses he may incur in legal proceedings related to his service as
a director and/or officer, and the advancement of funds to him to pay any expenses in connection with such proceedings as they are incurred.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our officers, directors or control persons,
we have been advised by the SEC that such indemnification is against public policy and is therefore unenforceable.

Financial
Statements

Reference
is made to the disclosure set forth under Item 9.01 below, which disclosure is incorporated herein by reference.

Changes
in and Disagreements with Accountants on Accounting and