Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 406

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 5
Chunk 406
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A Preferred Stock, and to retain 640,000 shares for later conversion to the Company’s common stock.  Each share of Series A
Preferred Stock is convertible into 100 shares of the Company’s common stock.  In addition, Mr. Thomas agreed to purchase all
the Company’s outstanding shares of Series B Preferred Stock from Mr. Goulding for a cash payment of $5,000.

In further consideration for
the sale of the shares of Series A and Series B Preferred Stock, Mr. Goulding agreed to:

1.Increase the authorized shares of the 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.

     F-9 

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%