Company: FTSP
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001199835-25-000387
Chunk: 7

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 Company commenced license payments on August 4, 2025. As at September 30, 2025, the Company had paid $10,000 and
has postponed monthly installments while the Company develops the overlaying software.

Software
Development Agreement

In
connection with the Asset Purchase Agreement, the Company entered into an agreement with a group of software specialists to carry out
certain software development activities on the Company’s behalf. In exchange for such services, the Company agreed to pay $123,000
within five days after the receipt by the Company of proceeds from equity financing of the Company from which the Company receives aggregate
gross proceeds of not less than $200,000. The Company paid the $123,000 during the period ending September 30, 2025.

Lock-Up
and Leak-Out Agreements

In
connection with the Asset Purchase Agreement, the Company entered into Lock-Up and Leak-Out Agreements with the associated parties of
the agreements on February 12, 2025 the parties agreed not to sell or engage in similar transactions with respect to any common stock
other than shares received pursuant to the Asset Purchase Agreement for a period of 180 days after the closing on February 14, 2025.
After the expiration of such period, the parties may transfer up to 20% of the shares received pursuant to the Asset Purchase Agreement
every 60 days.

4.CAPITAL
STOCK

Capitalization

The
authorized capital of the Company is 500,000,000 shares of capital stock, divided into 480,000,000 shares of common stock with a par
value of $0.001 per share, and 20,000,000 shares of preferred stock with a par value of $0.001 per share. The Company reserved 10,000,000
shares of common stock for issuance under its 2016 Omnibus Equity Incentive Plan. The Company has issued 124,054,600 common shares and
no preferred shares.

Stock
Options

No
stock options are outstanding at September 30, 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