Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 337

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 4
Chunk 337
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consultant, Kennesaw State University, for Emergency Preparedness & Risk Management.

Legal Proceedings

During the past ten years there have been no events
under any bankruptcy act, no criminal proceedings and no judgments, injunctions, orders or decrees material to the evaluation of the ability
and integrity of any of our directors or executive officers, and none of these persons has been involved in any judicial or administrative
proceedings resulting from involvement in mail or wire fraud or fraud in connection with any business entity, any judicial or administrative
proceedings based on violations of federal or state securities, commodities, banking or insurance laws or regulations, or any disciplinary
sanctions or orders imposed by a stock, commodities or derivatives exchange or other self-regulatory organization.

Family Relationships

Mr. Roman and Arias are father and son. Mr. Thomas
is related to Messrs. Arias and Roman through marriage (Mr. Thomas’ wife is Mr. Arias’ niece and Mr. Roman’s first cousin.
Besides that, there are no family relationships between any of our directors and executive officers. 

Committees

We currently do not have a functioning audit committee.
Our board of directors has not yet established a compensation committee or a nominating and corporate governance committee.

 21 

Compliance with Section 16(a) of the Securities Exchange Act of 1934

Under U.S. securities laws, directors, certain officers
and persons holding more than 10% of our common stock must report their initial ownership of our common stock and any changes in their
ownership to the SEC. The SEC has designated specific due dates for these reports and we must identify in this Form 10-K those people
who did not file these reports when due. Based solely on our review of copies of the reports filed with the SEC, none of the reporting
requirements for fiscal year 2024 were complied with by each person who at any time during the 2024 fiscal year was a director or an executive
officer or held more than 10% of our common stock.

Code of Ethics

We have not adopted a formal, written code of ethics
due to a small number of members of management. We plan to adopt a Code of Ethics during the fiscal year ending December 31, 2025.

    ITEM 11.
    EXECUTIVE COMPENSATION

Summary Compensation for Named Executive Officers

The following table sets
forth information concerning the annual compensation awarded to, earned by, or paid to the following named executive officers