Company: FTSP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001199835-25-000144
Chunk: 18

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 Omnibus Equity Incentive Plan. The Company has issued 122,294,600 common shares and
no preferred shares.

Options

No
options are outstanding at March 31, 2025, and December 31, 2024.

5.RELATED
PARTY TRANSACTIONS AND AMOUNTS DUE

In
addition to transactions with related parties discussed elsewhere in these unaudited interim financial statements, the following transactions
occurred with related parties.

On
February 14, 2025, the Company entered into a Debt Conversion Agreement with Lode-Star Gold Inc. (“LSG”), pursuant
to which the Company and LSG settled aggregate debt of $169,645 owed by the Company to LSG through the conversion of the debt into 1,357,158
common shares of the Company.

At
March 31, 2025, the Company had amounts due to related parties of $24,179; with no specific terms of repayment, due to the Company’s
majority shareholder and president, with no accrued interest payable.

9

    ITEM
    2.
    MANAGEMENT’S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited
interim financial statements and related notes appearing elsewhere in this Quarterly Report. In addition to historical financial information,
the following discussion includes certain forward-looking statements that reflect our plans, estimates, and our current views with respect
to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate,
anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue
certainty on these forward-looking statements, which apply only as of the date of this report. Except as required by applicable law,
including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these
statements to actual results

New
Business 

Asset
Purchase Agreement

On
February 14, 2025, the Company entered into an Asset Purchase Agreement whereby the Company agreed to purchase from a third-party (the
“Seller”) rights, title, and interest in and to certain intellectual property, rights and derivative works, including improvements,
modifications, creations and enhancements created by the Seller using artificial intelligence (“AI”) models. As