# EDGAR Filing Document

**Accession Number:** 0000788611
**File Stem:** 0001493152-26-028538
**Filing Date:** 2026-6
**Character Count:** 85563
**Document Hash:** 7bcdcae6ebee7137bfbf8737dd33427a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-028538.hdr.sgml**: 20260615

**ACCESSION NUMBER**: 0001493152-26-028538

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260612

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260615

**DATE AS OF CHANGE**: 20260612

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NextTrip, Inc.
- **CENTRAL INDEX KEY:** 0000788611
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRANSPORTATION SERVICES [4700]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 820404220
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38015
- **FILM NUMBER:** 261088168

**BUSINESS ADDRESS:**
- **STREET 1:** 3900 PASEO DEL SOL
- **CITY:** SANTE FE
- **STATE:** NM
- **ZIP:** 87507
- **BUSINESS PHONE:** (954) 526-9688

**MAIL ADDRESS:**
- **STREET 1:** 3900 PASEO DEL SOL
- **CITY:** SANTE FE
- **STATE:** NM
- **ZIP:** 87507

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIGMA ADDITIVE SOLUTIONS, INC.
- **DATE OF NAME CHANGE:** 20220812

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIGMA LABS, INC.
- **DATE OF NAME CHANGE:** 20101014

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRAMEWAVES INC
- **DATE OF NAME CHANGE:** 20010130

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): June 12, 2026 (June 10, 2026)**

**NextTrip, Inc.**

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| **Nevada** | **001-38015** | **27-1865814** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **3900 Paseo del Sol**<br>**Santa Fe, New Mexico** | **87507** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: (505) 438-2576**

**(Former Name or Former Address, if Changed Since Last Report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 per share | NTRP | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement**

*Stock Purchase Agreement*

On June 10, 2026 (the "Effective Date"), NextTrip, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Purchase Agreement") with Yada Commerce Inc ("Yada") and High Class Holdings LLC and Carbon Capital Corp, the shareholders of Yada (collectively, the "Founding Shareholders") pursuant to which, subject to the terms and conditions set forth in the Purchase Agreement, the Company purchased from the Founding Shareholders 51% of the outstanding shares of Yada (the "Yada Shares").

The aggregate consideration under the Purchase Agreement is 50,000 restricted shares of the Company (the " Company Shares"). The Company granted to the Founding Shareholders piggyback registration rights subject to cut backs required under Rule 415 and at the request of investors, placement agents and underwriters. The Purchase Agreement contains customary representations and indeminifcation provisions. The Purchase Agreement also contains provisions regarding the post-closing governance of Yada including a provision requiring the parties to vote their shares of Yada to elect a five member board of directors, two of whom will be designated by the Founding Shareholers, two of whom will be designated by the Company, with the fifth member to be appointed by the board of directors. The Purchase Agreement also provides for a first right of refusal in favor of the Company regarding any future sale by the Founding Shareholders of their shares in Yada.

*Cooperation and Earnout Agreement*.

Concurrently with the entering into of the Purchase Agreement, the Company entered into a Cooperation and Earnout Agreement (the "Earnout Agreement") with Yada regarding the post-closing operations of Yada, the role of the Company, and the compensation arrangement for the Founding Shareholders. The Earnout Agreement has a three-year term from the Effective Date (the "Term"). Under the Earnout Agreement, the Parties acknowledge that, nothwithstanding the Company's controlling interest in Yada, the Founding Shareholders will retain full operational control over Yada's day-to-day business affairs, subject to the oversight of Yada's board of directors, and the rights, duties and obligations of Yada's officers, directors and shareholders under Yada's organizational documents and applicable law. The Earnout Agreement grants to the Company certain roles including serving as Yada's exclusive preferred travel provider, the first right of refusal to match any bona fide third-party proposal with respect to travel service offered through Yada channels, the processing by the Company of travel bookings generated through Yada channels, the exclusive right to offer travel gift cards through Yada channels, and the exclusive booking rights for music artist promotional events. The Earnout Agreement also sets forth the sharing of Net Profits between the Company and the Founding Shareholders from activities enumerated in the Earnout Agreement. The Earnout Agreement further provides as inducement compensation for the Founding Shareholders the establishment of an earnout pool consisting of an aggregate of 225,000 restricted shares of the Company's common stock and warrants to purchase up to 225,000 common shares with a three-year term at an exercise price of $2.75 to be awarded over the Term pursuant to the terms of the Earnout Agreement on the basis of one share of Company common stock and one warrant for each $2.75 of the Company's share of the aggregate net profits generated from the activities described in the Earnout Agreement.

The foregoing descriptions of the Purchase Agreement and the Earnout Agreement are not complete and are subject to and qualified in their entirety by reference to the Purchase Agreement and Earnout Agreement, copies of which are filed as Exhibits 10.1 and 10.2 to this Current report on Form 8-K and are incorporated by reference

**Item 2.01 Completion of Acquisition or Disposition of Assets**

The purchase of the Yada Shares closed on June 10, 2026. The information included in Item 1.01 above is incorporated by reference into this Item 2.01

**Item 3.02 Unregistered Sales of Equity Securities.**

The information in Item 1.01 regarding the issuance of the Company Shares is hereby incorporated herein by reference.

The Company Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and were issued to the Founding Shareholders in a transaction exempt from registration under the Securities Act in reliance upon the exemption from registration provided by Section 4(a)(2) under the Securities Act and/or Regulation D promulgated thereunder. Accordingly, the Company Shares constitute "restricted securities" within the meaning of Rule 144 under the Act.

**Item 7.01 Registration FD Disclosure**

On June 11, 2026, the Company issued a press release announcing the closing of the Purchase Agreement. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 10.1<br>| [Stock Purchase Agreement](ex10-1.htm) |
| 10.2 | [Cooperation and Earnout Agreement](ex10-2.htm) |
| 99.1 | [Press Release](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL Document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  | **NEXTTRIP, INC.** | **NEXTTRIP, INC.** |
| Date: | June 12, 2026 | By: | */s/ William Kerby* |
|  |  | Name: | William Kerby<br>|
|  |  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**EXHIBIT 10.1**

**STOCK PURCHASE AGREEMENT**

This Stock Purchase Agreement (this **"Agreement"**) is made and entered into as of June 10, 2026 (the **"Effective Date"**), by and among **NEXTTRIP, INC.**, a Nevada corporation (**"Buyer"** or **"NextTrip"**), **YADA COMMERCE INC**, a Florida corporation (the **"Company"**), and **HIGH CLASS HOLDINGS LLC** and **CARBON CAPITAL CORP** the current shareholders of the Company (the "**YADA Founding Shareholders**") listed on Schedule A (collectively, the **"Sellers"**, and each, a **"Seller"**). Buyer, the Company, and Sellers are referred to herein individually as a **"Party"** and collectively as the **"Parties"**.

**RECITALS**

WHEREAS, Sellers own of record and beneficially one hundred percent (100%) of the issued and outstanding shares of the Company, as more particularly set forth on Schedule A;

WHEREAS, the Company operates a social commerce, influencer marketing, creator engagement, and TikTok Partner Agency business;

WHEREAS, upon the terms and subject to the conditions set forth in this Agreement, Buyer desires to purchase from Sellers, and Sellers desire to sell to Buyer, fifty-one percent (51%) of the issued and outstanding shares of the Company (the **"Purchased Interests"**);

WHEREAS, the Parties desire to set forth the terms and conditions governing the purchase and sale of the Purchased Interests and certain related matters.

NOW, THEREFORE, in consideration of the mutual covenants, agreements, representations, and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

**ARTICLE I**

**DEFINITIONS**

For purposes of this Agreement, the following terms shall have the meanings set forth below:

**"Affiliate"** means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under common control with such Person.

**"Ancillary Agreements"** means that certain Cooperation and Earnout Agreement between NextTrip and the Company.

**"Board"** means the board of directors of NextTrip or, if applicable, the governing body of YADA Commerce Inc.

**"Business Day"** means any day other than a Saturday, Sunday or legal holiday on which banking institutions in Nevada are authorized or required to close.

**"Change of Control"** means any merger, consolidation, recapitalization, sale of substantially all assets or similar transaction involving NextTrip that results in a change of control of NextTrip.

**"Closing"** means the closing of the transactions contemplated by this Agreement.

**"Earnout Period"** means the thirty-six (36) month period commencing on the Closing.

**"GAAP"** means United States generally accepted accounting principles, consistently applied.

**"Net Profits"** means gross revenues actually received from the applicable activity, less direct costs, documented third-party expenses, refunds, chargebacks, taxes collected from customers and remitted to governmental authorities, and commissions, agency fees or platform fees directly attributable to such activity, in each case as determined in accordance with GAAP and consistently applied accounting principles.

**"Person"** means any individual, corporation, limited liability company, partnership, trust, association, government authority or other entity.

**"Purchase Shares"** means fifty thousand (50,000) fully vested restricted shares of NextTrip's common stock, which shares shall carry piggyback registration rights pursuant to any cutbacks required under Rule 415 or at the request of investors, placement agents, or underwriters.

**"Term"** means the term of this Agreement as set forth in Article IX.

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in this Agreement, unless the context otherwise requires.

**1.2 Purchase and Sale of Purchased Interests.** Subject to the terms and conditions of this Agreement, at the Closing each Seller shall sell, assign, transfer, convey, and deliver to Buyer, and Buyer shall purchase from such Seller, the portion of the Purchased Interests opposite such Seller's name on Schedule A, free and clear of all encumbrances other than restrictions arising under applicable securities laws and the Company's organizational documents.

**1.3 Purchase Price.** In consideration for the sale of the Purchased Interests, Buyer shall issue to Sellers at Closing the Purchase Shares, allocated among Sellers as set forth on Schedule A. The Parties acknowledge that the Purchase Shares have not been registered under the Securities Act of 1933, as amended, or any applicable state securities laws and are being issued in reliance on an exemption from registration.

**1.4 Transfer Restrictions; Operating Agreement.** The transfer of the Purchased Interests shall be subject to the Company's bylaws, "ByLaws**"**, and any Company consent requirements. To the extent required, Sellers and the Company shall obtain and deliver to Buyer all approvals, waivers, and consents necessary to admit Buyer as the owner of the Purchased Interests with the rights contemplated hereby.

**1.5 No Assumption of Retained Liabilities.** Except as expressly set forth in this Agreement or any Ancillary Agreement, Buyer does not assume, and shall not be deemed to assume, any liabilities or obligations of any Seller in such Seller's individual capacity. The Company shall remain liable for its own liabilities and obligations after Closing, subject to the rights, obligations, and remedies of the Parties under this Agreement.

**ARTICLE II**

**CLOSING; CLOSING DELIVERIES**

**2.1 Closing.** The Closing shall take place remotely by the exchange of documents and signatures (including via electronic transmission), or at such other place as the Parties may mutually agree, on a date designated by Buyer and Sellers following satisfaction or waiver of all conditions to Closing set forth herein; provided, however, that the **Closing Date** shall be no later than ninety (90) days after the Effective Date unless otherwise agreed in writing by the Parties.

**2.2 Deliveries by Sellers and the Company.** At or prior to Closing, Sellers and the Company shall deliver to Buyer: (a) one or more assignments of Company shares in form and substance reasonably acceptable to Buyer; (b) an updated capitalization schedule of the Company; (c) corporate resolution waving the Company's right of first refusal, and third-party consents, approvals, notices, and waivers required in connection with the transactions contemplated hereby; (d) copies of the Company's organizational documents and minute books, stock ledger, and other material books and records reasonably requested by Buyer; (e) a certificate executed by an authorized representative of the Company certifying the accuracy of specified representations and warranties as of the Closing Date; and (g) such tax forms and other customary closing deliveries as Buyer may reasonably request.

**2.3 Deliveries by Buyer.** At or prior to Closing, Buyer shall deliver to Sellers: (a) evidence of authorization for issuance of the Purchase Shares; (b) issuance instructions, book-entry statements, or other evidence of issuance for the Purchase Shares; (c) a certificate executed by an authorized officer of Buyer certifying the accuracy of specified representations and warranties as of the Closing Date; (d) the other agreements, certificates, and instruments expressly required to be delivered by Buyer under this Agreement; and (e) a representation by Buyer with respect to the registration of the Buyers shares issued to Seller.

**2.4 Further Assurances at Closing.** At and after Closing, each Party shall execute and deliver such additional documents and instruments and take such further actions as may be reasonably necessary to carry out the intent and purposes of this Agreement and to vest in Buyer good and valid title to the Purchased Interests.

**ARTICLE III**

**REPRESENTATIONS AND WARRANTIES OF SELLERS**

Except as set forth on Schedule B, each Seller, jointly and severally, and the Company, to the extent applicable, hereby represent and warrant to Buyer, as of the Effective Date and as of the Closing Date, as follows:

**3.1 Organization; Good Standing.** The Company is duly formed, validly existing, and in good standing under the laws of its jurisdiction of formation and has all requisite limited liability company power and authority to own, lease, and operate its properties and to carry on its business as presently conducted.

**3.2 Authority; Enforceability.** Each Seller has full power, right, and authority to execute and deliver this Agreement and each Ancillary Agreement to which such Seller is a party and to perform such Seller's obligations hereunder and thereunder. This Agreement has been duly executed and delivered by each Seller and, assuming due authorization, execution, and delivery by the other Parties, constitutes a valid and binding obligation of such Seller enforceable against such Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and similar laws affecting creditors' rights generally and to general principles of equity.

**3.3 Title to Interests; Capitalization.** Sellers collectively own beneficially and of record one hundred percent (100%) of the issued and outstanding shares of the Company, free and clear of all encumbrances, and no Person has any option, warrant, conversion right, subscription right, preemptive right, or other right to acquire any shares in the Company except as set forth on Schedule A. Schedule A accurately and completely sets forth the capitalization of the Company and each Seller's ownership percentage immediately prior to Closing.

Company shall have the right to issue shares to additional shareholders as determined by Sellers, within 90 days of closing, subject to Sellers sole discretion. In the event Seller directs the issuances of such shares, Company shall issue sufficient shares to buyer to retain Buyer's 51% ownership of Company's issued and outstanding shares.

**3.4 No Conflict; Consents.** The execution, delivery, and performance of this Agreement by Sellers and the Company do not and will not: (a) violate any organizational document of the Company; (b) conflict with or result in a breach of any material contract to which the Company or any Seller is a party; (c) require any consent, approval, notice, filing, or authorization of any governmental authority or other Person, except those that have been obtained or will be obtained on or before Closing; or (d) result in the creation of any encumbrance on the Purchased Interests.

**3.5 Financial Information; Absence of Certain Changes.** All financial information provided by or on behalf of the Company to Buyer are, in all material respects, accurate, subject, in the case of interim statements, to normal year-end adjustments and the absence of notes. Since the date of the most recent financial information provided to Buyer, except as disclosed on Schedule B, there has not been any material adverse change in the business, assets, liabilities, operations, results of operations, or condition (financial or otherwise) of the Company.

**3.6 Compliance with Laws; Litigation.** The Company is, and for the past three (3) years has been, in material compliance with all applicable laws, rules, regulations, permits, and orders relating to the conduct of its business. There is no action, suit, audit, arbitration, claim, investigation, or proceeding pending or, to any Seller's knowledge, threatened against the Company, the Purchased Interests, or any Seller that would reasonably be expected to impair the ability of the Parties to consummate the transactions contemplated hereby or otherwise be material to the Company.

**3.7 Taxes.** The Company has timely filed all material tax returns required to be filed by it and has timely paid all material taxes shown as due thereon, except to the extent being contested in good faith and adequately reserved for. There are no material tax liens on any of the Company's assets other than liens for current taxes not yet due and payable.

**3.8 Intellectual Property; Data and Platform Rights.** The Company owns or has valid rights to use all material intellectual property, software, data, social media accounts, platform credentials, trade names, trademarks, service marks, content, and other proprietary rights used in or necessary for the conduct of its business as presently conducted. To Sellers' knowledge, the conduct of the Company's business does not materially infringe, misappropriate, or otherwise violate any third-party intellectual property rights.

**3.9 Material Contracts; Undisclosed Liabilities.** The Company has made available to Buyer true and complete copies of all material contracts reasonably requested by Buyer. Except as set forth on Schedule B and for liabilities incurred in the ordinary course of business consistent with past practice, the Company has no material liabilities or obligations of any nature, whether accrued, absolute, contingent, or otherwise.

**3.10 Brokers.** No broker, finder, investment banker, or other Person is entitled to any brokerage fee, finder's fee, or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of any Seller or the Company.

**3.11 Events.** The YADA Founding Shareholders hereby represent that provided the YADA Founding Shareholders maintain their shareholder interests, and any extension agreed to in writing, such YADA Founding Shareholders shall conduct all event business opportunities ("Events") that become available to the YADA Founding Shareholders within the Company.

In the event that any Event opportunity requires a capital commitment, NextTrip shall have a right of first refusal ("ROFR").

In the event that such ROFR is offered, NextTrip agrees to commit or waive the ROFR within forty-eight (48) hours, acknowledging that the timeframe may be on short notice due to the nature of the Event.

**ARTICLE IV**

**REPRESENTATIONS AND WARRANTIES OF BUYER**

Buyer hereby represents and warrants to Sellers and the Company, as of the Effective Date and as of the Closing Date, as follows:

**4.1 Organization; Good Standing.** Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada and has all requisite corporate power and authority to execute, deliver, and perform this Agreement and each Ancillary Agreement to which it is a party.

**4.2 Authority; Enforceability.** The execution, delivery, and performance by Buyer of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Buyer and, assuming due authorization, execution, and delivery by the other Parties, constitutes a valid and binding obligation of Buyer enforceable against Buyer in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and similar laws affecting creditors' rights generally and to general principles of equity.

**4.3 No Conflict; Issuance of Purchase Shares.** The execution, delivery, and performance of this Agreement by Buyer do not and will not conflict with Buyer's organizational documents or any material contract binding on Buyer, except for conflicts that would not reasonably be expected to prevent or materially delay Buyer's consummation of the transactions contemplated hereby. The Purchase Shares, when issued in accordance with this Agreement, will be duly authorized, validly issued, fully paid, and non-assessable.

**4.4 SEC Reporting; Brokers.** Buyer is and shall remain responsible for its own compliance in all material respects with applicable securities laws and reporting obligations, to the extent applicable. No broker, finder, investment banker, or other Person is entitled to any brokerage fee, finder's fee, or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Buyer.

**ARTICLE V**

**COVENANTS**

**5.1 Conduct of Business Prior to Closing.** During the period from the Effective Date until the Closing or earlier termination of this Agreement, except as otherwise expressly contemplated by this Agreement or consented to in writing by Buyer, Sellers shall cause the Company to conduct its business in the ordinary course consistent with past practice and to preserve in all material respects the goodwill of the business, relationships with clients, creators, influencers, vendors, and personnel, and the value of its material assets and rights.

**5.2 Access; Due Diligence Cooperation.** Prior to Closing, Sellers and the Company shall afford Buyer and its representatives reasonable access during normal business hours, upon reasonable notice, to the Company's books, records, contracts, personnel, and other information reasonably requested by Buyer for purposes of completing due diligence, obtaining required approvals, and preparing for Closing.

**5.3 Platform and Regulatory Compliance.** The Parties acknowledge that certain social media platform relationships, including TikTok Partner Agency status, platform credentials, agency identifiers, or related rights, may be subject to restrictions on assignment, delegation, transfer, or change of control. No Party shall be required to violate any platform policy, contract, permit, or applicable law. If any such restriction would prohibit direct transfer or continuation of any such right following Closing, the Parties shall cooperate in good faith to implement an alternative structure, consent process, or operational arrangement intended to provide Buyer substantially equivalent economic and governance benefits without violating applicable requirements.

**5.4 Confidentiality; Public Announcements.** Each Party shall keep confidential all non-public information received from another Party in connection with this Agreement and the transactions contemplated hereby, except as disclosure may be required by law, applicable securities rules, or stock exchange requirements, or as reasonably necessary to enforce rights under this Agreement. No Party shall issue any public announcement regarding this Agreement without prior consultation with the other Parties, except as required by applicable law.

**5.5 Post-Closing Governance; Ancillary Agreements.** Immediately following Closing, the applicable Parties shall enter into a governance document for the Company consistent with the provisions herein reflecting Buyer's ownership and governance rights following the Closing.

**5.6 Further Assurances.** Following the Closing, each Party shall, from time to time and without additional consideration, execute and deliver such additional documents and take such additional actions as the other Parties may reasonably request to consummate the transactions contemplated hereby and to evidence or effectuate the transfer of the Purchased Interests and the related governance arrangements.

**5.7 Operational Control of the Company.**

(a) The Parties acknowledge and agree that, notwithstanding Buyer's acquisition of a majority of the Purchased Interests, the Company shall retain full operational control of its day-to-day business, including creator recruitment and management, agency operations, employment matters, vendor relationships, and execution of the Company's business plan, in each case subject to the oversight of the Company's Board and the rights, duties, and obligations of the Company's officers, directors, and shareholders under the Company's bylaws and other organizational documents and applicable law.

(c) In the event any YADA Founding Shareholder desires to sell such Party's shares, such YADA Founding Shareholder herby grants to Buyer the first right of refusal to purchase such shares. The Parties agree to use their respective best efforts to execute an agreement detailing the provisions of this subsection as soon as practicable following the Closing.

**ARTICLE VI**

**CONDITIONS TO CLOSING**

**6.1 Conditions to Each Party's Obligations.** The obligations of each Party to consummate the Closing are subject to satisfaction or waiver of the following conditions: (a) no law, injunction, or order shall prohibit the consummation of the transactions contemplated hereby; and (b) all material required consents, approvals, and waivers identified by the Parties as necessary to the Closing shall have been obtained or duly waived.

**6.2 Conditions to Buyer's Obligations.** The obligations of Buyer to consummate the Closing are subject to the satisfaction or waiver by Buyer of the following conditions: (a) Buyer shall have completed its due diligence review to its satisfaction in its reasonable discretion; (b) the representations and warranties of Sellers and the Company shall be true and correct in all material respects as of the Closing Date (subject to customary materiality qualifiers); (c) Sellers and the Company shall have performed in all material respects their obligations required to be performed at or prior to Closing; (d) there shall have been no material adverse change with respect to the Company since the Effective Date; and (e) Buyer shall have received the deliveries required under Section 2.2.

**6.3 Conditions to Sellers' Obligations.** The obligations of Sellers to consummate the Closing are subject to the satisfaction or waiver by Sellers of the following conditions: (a) the representations and warranties of Buyer shall be true and correct in all material respects as of the Closing Date (subject to customary materiality qualifiers); (b) Buyer shall have performed in all material respects its obligations required to be performed at or prior to Closing; and (c) Sellers shall have received the deliveries required under **Section 2.3**.

**ARTICLE VII**

**INDEMNIFICATION**

**7.1 Survival.** The representations, warranties, covenants, and agreements of the Parties contained in this Agreement shall survive the Closing for twenty-four (24) months following the Closing Date; provided, however, that claims based on fraud, intentional misconduct, fundamental matters such as title to the Purchased Interests, capitalization, authority, and taxes shall survive until the expiration of the applicable statute of limitations (plus any extensions).

**7.2 Indemnification by Sellers.** Subject to the terms and limitations of this Agreement, Sellers shall jointly and severally indemnify, defend, and hold harmless Buyer, its affiliates, and their respective officers, directors, employees, agents, successors, and assigns from and against any and all losses, damages, liabilities, deficiencies, judgments, interest, awards, penalties, fines, costs, and expenses (including reasonable attorneys' fees) arising out of or resulting from: (a) any breach of any representation or warranty made by Sellers or the Company in this Agreement or any Ancillary Agreement; (b) any breach of any covenant or agreement of Sellers or the Company; (c) any pre-Closing taxes of the Company; (d) any undisclosed liabilities of the Company existing as of Closing except as expressly disclosed on Schedule B; and (e) fraud or intentional misconduct by any Seller or the Company.

**7.3 Indemnification by Buyer.** Subject to the terms and limitations of this Agreement, Buyer shall indemnify, defend, and hold harmless Sellers and their respective affiliates, officers, directors, employees, agents, successors, and assigns from and against any and all losses, damages, liabilities, deficiencies, judgments, interest, awards, penalties, fines, costs, and expenses (including reasonable attorneys' fees) arising out of or resulting from: (a) any breach of any representation or warranty made by Buyer in this Agreement or any Ancillary Agreement; (b) any breach of any covenant or agreement of Buyer; and (c) fraud or intentional misconduct by Buyer.

**7.4 Procedures; Exclusive Monetary Remedy.** The indemnified Party shall provide prompt written notice of any indemnifiable claim, provided that failure to give prompt notice shall not relieve the indemnifying Party except to the extent materially prejudiced thereby. The indemnifying Party shall have the right to assume the defense of any third-party claim with counsel reasonably acceptable to the indemnified Party. Except in the case of fraud, intentional misconduct, requests for injunctive or equitable relief, or claims under **Section 5.6**, indemnification under this **Article VII** shall be the sole and exclusive monetary remedy of the Parties for breaches of this Agreement following Closing.

**ARTICLE VIII**

**TAX MATTERS**

**8.1 Tax Treatment.** The Parties intend that the transactions contemplated by this Agreement shall be treated for applicable tax purposes in a manner consistent with the sale and purchase of Company's common stock, unless otherwise required by applicable law. The Parties shall cooperate in good faith with respect to all tax reporting relating to the transactions contemplated by this Agreement.

**8.2 Transfer Taxes; Cooperation.** Any transfer, documentary, sales, use, stamp, registration, or similar taxes arising from the transactions contemplated by this Agreement shall be borne equally by Buyer, on the one hand, and Sellers, on the other hand, unless otherwise required by law. The Parties shall reasonably cooperate in the preparation, execution, and filing of any tax returns, forms, or elections relating to such taxes.

**ARTICLE IX**

**TERMINATION**

**9.1 Termination.** This Agreement may be terminated at any time prior to Closing: (a) by mutual written agreement of Buyer and Sellers; (b) by Buyer or Sellers if the Closing has not occurred on or before the date that is ninety (90) days after the Effective Date, unless the failure to close is primarily caused by the terminating Party's breach; or (c) by a non-breaching Party if another Party materially breaches this Agreement and fails to cure such breach within fifteen (15) days after receipt of written notice thereof.

**9.2 Effect of Termination.** Upon termination of this Agreement, this Agreement shall become void and of no further force and effect, except for provisions that by their nature are intended to survive termination, including confidentiality, expenses, governing law, dispute resolution, and this Section 9.2; provided, however, that no termination shall relieve any Party from liability for fraud or any willful breach of this Agreement prior to such termination.

**ARTICLE X**

**MISCELLANEOUS**

**10.1 Governing Law.** This Agreement and all disputes arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without regard to conflicts of law principles.

**10.2 Dispute Resolution; Specific Performance.** Any dispute arising out of or relating to this Agreement shall be resolved by binding arbitration in Nevada, unless otherwise agreed in writing by the Parties. Notwithstanding the foregoing, each Party acknowledges that a breach of this Agreement may cause irreparable harm for which monetary damages would be an inadequate remedy and that the non-breaching Party shall be entitled to seek specific performance, injunctive relief, or other equitable relief, in addition to any other remedies available at law or in equity.

**10.3 Expenses.** Except as otherwise expressly provided herein, each Party shall bear its own fees and expenses, including legal, accounting, advisory, and consulting fees, incurred in connection with the negotiation, execution, and performance of this Agreement and the consummation of the transactions contemplated hereby.

**10.4 Notices.** All notices, requests, claims, demands, waivers, and other communications under this Agreement shall be in writing and shall be deemed given when delivered personally, sent by nationally recognized overnight courier, or transmitted by electronic mail (with confirmation of transmission), in each case to the addresses or email addresses designated by the applicable Party, or to such other address as a Party may designate by notice to the other Parties.

**10.5 Entire Agreement; Amendment; Waiver.** This Agreement, together with all Schedules, Exhibits, and Ancillary Agreements contemplated hereby, constitutes the entire agreement among the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous negotiations, understandings, and agreements relating thereto. No amendment of this Agreement shall be effective unless in writing and signed by Buyer and Sellers. No waiver of any provision of this Agreement shall be effective unless set forth in a written instrument signed by the Party against whom the waiver is to be enforced.

**10.6 Assignment; Successors and Assigns.** No Party may assign this Agreement or any of its rights or obligations hereunder without the prior written consent of the other Parties, except that Buyer may assign its rights under this Agreement to an affiliate so long as Buyer remains liable for the performance of its obligations. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, personal representatives, successors, and permitted assigns.

**10.7 Severability; Interpretation; Counterparts.** If any provision of this Agreement is held invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect to the fullest extent permitted by law. The headings in this Agreement are for reference only and shall not affect interpretation. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Signatures delivered electronically shall be deemed effective as originals.

**IN WITNESS WHEREOF**, the Parties have executed this Stock Purchase Agreement as of the Effective Date.

---

| | | | |
|:---|:---|:---|:---|
| **NEXTTRIP, INC.** | **NEXTTRIP, INC.** | **YADA COMMERCE INC** | **YADA COMMERCE INC** |
| By: |  | By: |  |
| Name: | Bill Kerby | Name: | Chad Doher |
| Title: | Chief Executive Officer | Title: | CEO |
| **YADA FOUNDING SHAREHOLDERS** | **YADA FOUNDING SHAREHOLDERS** |  |  |
| High Class Holdings LLC: | High Class Holdings LLC: | Carbon Capital Corp | Carbon Capital Corp |
| By: | Chad Doher, Managing Member | By: | David Appell, President |

---

**SCHEDULES AND EXHIBITS**

**Schedule A.** Sellers, Ownership Percentages, and Purchased Interests

<u>Carbon Capital Corp</u>

● Pre-closing shares beneficially owned: 1,000 shares

● Post-closing shares beneficially owned: 490 shares

● Pre-closing ownership percentage: 50%

● Post-closing ownership percentage: 24.5%

<u>High Class Holdings LLC</u>

● Pre-closing shares beneficially owned: 1,000 shares

● Post-closing shares beneficially owned: 490 shares

● Pre-closing ownership percentage: 50%

● Post-closing ownership percentage: 24.5%

<u>YADA Founding Shareholder Shares Sold to Buyer</u>

● Purchased Interests: 1,020 shares

● Buyer's post-closing ownership percentage: 51%

**Schedule B.** Exceptions to Representations and Warranties; Undisclosed Liabilities

None

**Schedule C.** Board Resolutions

The Company's Board of Directors shall pass resolutions authorizing the sale of 1,020 shares to Buyer from YADA Founding Shareholders and appointing William Kerby, Donald Monaco, and an independent director acceptable to Mr. Kerby and Mr. Monaco to the Company's Board of Directors.

## Exhibit 10.2

**EXHIBIT 10.2**

COOPERATION AND EARNOUT AGREEMENT

This Cooperation and Earnout Agreement (this "**Agreement**") is made and entered into as of June 10, 2026 (the "**Effective Date**"), by and between **NEXTTRIP, INC.**, a Nevada corporation ("**NextTrip**"), and **YADA COMMERCE INC**, a Florida corporation ("**YADA**"). NextTrip and YADA are referred to herein individually as a "**Party**" and collectively as the "**Parties**."

RECITALS

**WHEREAS**, pursuant to that certain Stock Purchase Agreement by and among the applicable parties thereto (the "**Purchase Agreement**"), NextTrip has acquired a controlling ownership interest in YADA;

**WHEREAS**, in connection with the transactions contemplated by the Purchase Agreement, the Parties desire to establish a long-term strategic commercial relationship involving social commerce, creator engagement, travel commerce, media monetization, music artist promotional events, sponsorships, loyalty programs and related activities;

**WHEREAS**, the Parties further desire to establish an earnout and incentive framework intended to align incentives, reward successful growth of the business and document certain related rights and obligations of the Parties following the closing under the Purchase Agreement; and

**NOW, THEREFORE**, in consideration of the foregoing and the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

ARTICLE 1

DEFINITIONS

For purposes of this Agreement, the following terms shall have the meanings set forth below:

**"Affiliate"** means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under common control with such Person.

**"Board"** means the board of directors of NextTrip or, if applicable, the governing body of YADA.

**"Business Day"** means any day other than a Saturday, Sunday or legal holiday on which banking institutions in Nevada are authorized or required to close.

**"Change of Control"** means any merger, consolidation, recapitalization, sale of substantially all assets or similar transaction involving NextTrip that results in a change of control of NextTrip.

**"Closing"** means the closing of the transactions contemplated by the Purchase Agreement.

**"Earnout Period"** means the thirty-six (36) month period commencing on the Closing.

**"GAAP"** means United States generally accepted accounting principles, consistently applied.

**"Net Profits"** means gross revenues actually received from the applicable activity, less direct costs, documented third-party expenses, refunds, chargebacks, taxes collected from customers and remitted to governmental authorities, and commissions, agency fees or platform fees directly attributable to such activity, in each case as determined in accordance with GAAP and consistently applied accounting principles.

**"Person"** means any individual, corporation, limited liability company, partnership, trust, association, government authority or other entity.

**"Term"** means the term of this Agreement as set forth in Article 18.

**"YADA Founding Shareholders"** means the YADA Founding Shareholders that are parties to the Purchase Agreement.

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Purchase Agreement, unless the context otherwise requires.

ARTICLE 2

PURPOSE

The purpose of this Agreement is to set forth the terms and conditions governing the Parties' commercial cooperation and related earnout arrangements in connection with travel products, creator commerce, media, sponsorship, promotional events and such other opportunities as the Parties may approve in writing.

**Operational Independence of YADA.** The Parties acknowledge that, notwithstanding NextTrip's controlling equity interest in YADA, YADA Founding Shareholders shall retain full operational control over its day-to-day business affairs, including creator recruitment and management, agency operations, employment matters, vendor relationships, and execution of the Company's business plan, in each case subject to the oversight of YADA's Board and the rights, duties, and obligations of YADA's officers, directors, and shareholders under YADA's organizational documents and applicable law.

ARTICLE 3

PREFERRED SUPPLIER TRAVEL RELATIONSHIP

**3.1 Preferred Travel Provider.** During the Term, NextTrip shall serve as YADA's preferred travel provider for YADA-sponsored campaigns and shall have a right of first refusal to match any bona fide third-party proposal with respect to travel services offered through YADA channels.

**3.2 Covered Services.** This preferred provider relationship applies to hotels, resorts, cruises, air travel, tours, destination experiences, group travel, event travel, concierge services and other mutually approved travel products.

**3.3 Booking and Supplier Routing.** Travel bookings generated through YADA channels shall be processed through NextTrip platforms, and travel suppliers introduced through YADA activities shall be directed to NextTrip whenever commercially reasonable.

**3.4 Travel Commission Ownership.** All travel commissions, booking fees, markups, overrides, incentives and supplier commissions arising from travel bookings under this Agreement shall belong exclusively to NextTrip.

ARTICLE 4

TRAVEL GIFT CARD PROGRAMS

**4.1 Gift Card Rights.** NextTrip shall have the exclusive right to offer travel gift cards through YADA channels, subject to campaign terms and operating procedures approved by the Parties.

**4.2 Revenue Sharing.** Unless otherwise agreed by the Parties in writing, Net Profits generated from travel gift card sales shall be allocated fifty percent (50%) to NextTrip and fifty percent (50%) to YADA Founding Shareholders.

**4.3 Program Terms.** Consumer terms, redemption mechanics, reserves and marketing guidelines for any travel gift card program shall be documented in writing before launch.

ARTICLE 5

TRAVEL CLUB AND MEMBERSHIP PROGRAMS

**5.1 Membership Products.** NextTrip may offer travel club, subscription and membership products through YADA channels, subject to launch terms approved by the Parties.

**5.2 Revenue Sharing.** Unless otherwise agreed by the Parties in writing, Net Profits from travel club and membership programs offered pursuant to this Article 5 shall be allocated fifty percent (50%) to NextTrip and fifty percent (50%) to YADA Founding Shareholders.

**5.3 Program Terms.** Pricing, offer terms, fulfillment procedures and required disclosures for any membership program shall be documented in writing before launch.

ARTICLE 6

MUSIC ARTIST PROMOTIONAL EVENTS

**6.1 Event Cooperation.** The Parties shall cooperate in connection with music artist promotional events, fan experiences, travel packages, influencer campaigns and related opportunities approved by the Parties.

**6.2 Revenue Allocation.** Unless otherwise agreed in writing, Net Profits from music artist promotional events, including related sponsorship, merchandise, ticketing, VIP and digital content revenue, shall be allocated fifty percent (50%) to NextTrip and fifty percent (50%) to YADA Founding Shareholders.

**6.3 Travel Bookings.** All travel generated through music artist promotional events shall be booked through NextTrip, and all related travel commissions shall remain exclusively owned by NextTrip.

ARTICLE 7

MEDIA COLLABORATION

**7.1 Media Collaboration.** The Parties may collaborate on media, streaming, branded content and related campaigns as approved by the Parties. Ownership and exploitation rights with respect to any jointly developed content shall be governed by separate written terms.

ARTICLE 8

SPONSORSHIP AND ADVERTISING

**8.1 Sponsorship Sales.** The Parties may jointly pursue sponsorship opportunities consistent with commercial plans approved by the Parties.

**8.2 Sponsorship Revenue Allocation.** Unless otherwise agreed by the Parties in writing, Net Profits from sponsorship opportunities shall be allocated fifty percent (50%) to NextTrip and fifty percent (50%) to YADA Founding Shareholders.

**8.3 Advertising Sales.** Unless otherwise agreed by the Parties in writing and after deduction of commissions and agency fees directly attributable thereto, Net Profits from advertising sold through YADA shall be allocated fifty percent (50%) to NextTrip and fifty percent (50%) to YADA Founding Shareholders.

ARTICLE 9

CREATOR COMMERCE

**9.1 Creator Commerce.** YADA shall assist in recruiting and managing creators for creator commerce initiatives approved by the Parties, including travel campaigns, branded content, affiliate sales, storefronts and social commerce programs.

**9.2 Approval Rights.** Campaigns involving material spend, guaranteed compensation, minimum revenue commitments, licensing obligations or other material third-party obligations require prior written approval from the Party responsible for funding or performing such obligation.

ARTICLE 10

PAYMENTS, STATEMENTS AND REMITTANCES

**10.1 Statements and Remittances.** Within forty-five (45) days after the end of each fiscal quarter, the Party receiving gross revenues from any activity subject to revenue sharing under this Agreement shall deliver to the other Party a written statement showing, in reasonable detail, gross revenues, applicable deductions, Net Profits and the resulting amount payable to the other Party for such quarter.

**10.2 Payment Timing.** Any undisputed amount shown as payable on a quarterly statement shall be paid within fifteen (15) days after delivery of such statement. Disputed amounts shall be paid, if at all, within fifteen (15) days after final resolution of the applicable dispute.

**10.3 Taxes; Offsets.** Each Party shall be responsible for its own income and similar taxes arising from amounts paid or received under this Agreement. No Party may offset amounts owed under this Agreement except with respect to amounts finally determined to be owed by the other Party under this Agreement.

**10.4 Post-Termination Collections.** Amounts received after termination of this Agreement that are attributable to activities conducted during the Term shall remain subject to the applicable economic provisions of this Agreement.

**10.5 Allocation of YADA Share to YADA Founding Shareholders.** The Parties acknowledge that the commercial intent of the revenue sharing provisions of this Agreement, taken together with NextTrip's controlling equity interest in YADA, is to provide the YADA Founding Shareholders with an economic share of the activities covered by this Agreement approximately equal to the percentage otherwise allocated to YADA under Articles 4, 5, 6, and 8. To give effect to such intent, YADA shall enter into separate written service or employment agreements with the YADA Founding Shareholders providing for compensation that, in the aggregate, approximates the portion of Net Profits payable to YADA Founding Shareholders under this Agreement. Compensation paid pursuant to such agreements shall be reflected as operating expense on YADA's financial statements and shall be deductible by YADA in the computation of its net income. For avoidance of doubt, the 50% share of Net Profits otherwise allocated to YADA pursuant to Articles 4 ,5 ,6 and 8 shall be paid to the YADA Founding Shareholders on an equal basis as long as such parties are providing services to YADA.

ARTICLE 11

EARNOUT INCENTIVE PROGRAM

**11.1 Earnout Pool.** Subject to the terms of this Agreement, NextTrip shall reserve for potential issuance under the earnout program an aggregate of (a) 225,000 shares of restricted common stock and (b) 225,000 common share purchase warrants (collectively, the "Earnout Pool").

**11.2 Issuance Conditions.** Subject to Article 13 and Schedule A, any award that is earned in accordance with this Agreement and the applicable award documentation shall be issued by NextTrip within thirty (30) days after the applicable quarterly determination becomes final; provided, however, that any such issuance shall remain subject to applicable law, stock exchange rules, Board approval to the extent required, the availability of duly authorized shares, and the recipient's execution of customary award documentation reasonably required by NextTrip.

**11.3 Warrant Terms.** The warrants issued, if any, pursuant to the Earnout Pool shall have an exercise price of $2.75 per share, a term of thirty-six (36) months, permit cashless exercise and include customary anti-dilution provisions, in each case subject to the definitive warrant documentation approved by NextTrip.

**11.4 Earnout Period.** The Earnout Period shall be the three (3) year period commencing on the Closing.

ARTICLE 12

PROFIT PARTICIPATION BONUS

**12.1 Incentive Eligibility.** NextTrip may issue awards from the Earnout Pool to YADA Founding Shareholders approved by NextTrip in writing based on attributable profit participation generated through the activities described in this Agreement and Schedule A, in each case subject to separate award documentation approved by NextTrip.

ARTICLE 13

QUARTERLY CALCULATIONS AND REPORTING

**13.1 Determination.** Earnout calculations shall occur quarterly during the Earnout Period.

**13.2 Calculation Standard.** Quarterly earnout calculations shall be prepared in accordance with GAAP and NextTrip's accounting policies and procedures, consistently applied throughout the Earnout Period. In the event of any inconsistency between GAAP and such policies and procedures, GAAP shall control.

**13.3 Quarterly Statement.** Within forty-five (45) days after the end of each fiscal quarter, NextTrip shall prepare and deliver to YADA a written statement setting forth, in reasonable detail, the calculation of attributable profits and any awards earned for such quarter, together with supporting financial information reasonably sufficient to permit review of the calculation.

**13.4 Review Rights.** Upon YADA's reasonable written request and during normal business hours, NextTrip shall make available for inspection reasonable supporting books and records directly relating to the quarterly statement, subject to customary confidentiality restrictions and provided that such review shall not unreasonably interfere with NextTrip's business operations.

**13.5 Objection Notice; Accounting Firm Resolution.** If YADA disputes any quarterly statement, YADA shall deliver written notice to NextTrip within thirty (30) days after receipt of such statement, setting forth in reasonable detail the basis for such dispute. If YADA fails to deliver such notice within such thirty (30)-day period, the quarterly statement shall become final and binding absent manifest error. The Parties shall use commercially reasonable efforts to resolve any timely disputed items within thirty (30) days after delivery of the objection notice. Any disputed items that remain unresolved after such thirty (30)-day period shall be submitted promptly to an independent nationally recognized accounting firm mutually acceptable to the Parties, which shall act as an expert and not as an arbitrator. The accounting firm shall determine only those items in dispute and shall do so based solely on the definitions and accounting principles set forth in this Agreement. The accounting firm's determination shall be final and binding on the Parties absent manifest error. The fees and expenses of the accounting firm shall be borne equally by the Parties, unless the accounting firm determines that one Party's position was not asserted in good faith, in which case the accounting firm may allocate such fees and expenses otherwise.

**13.6 Award Disputes.** Any dispute regarding the issuance, vesting, forfeiture or calculation of awards for YADA Founding Shareholders shall be governed by the applicable award documentation and, to the extent applicable, this Agreement. Nothing in this Section 13.6 confers upon any YADA Founding Shareholder the status of a party to this Agreement.

ARTICLE 14

NON-SOLICITATION

**14.1 Restricted Solicitation.** During the Term and for two (2) years thereafter, no Party shall knowingly solicit for employment, engagement or business relationship any employees, creators, artists or strategic partners introduced through this Agreement; provided that general solicitations not specifically targeted at such persons shall not violate this Section 14.1.

ARTICLE 15

NON-CIRCUMVENTION

**15.1 Non-Circumvention.** During the Term and for two (2) years thereafter, no Party shall knowingly circumvent any opportunity or relationship introduced by another Party in connection with this Agreement in a manner intended to deprive the introducing Party of the benefits contemplated hereby.

ARTICLE 16

CONFIDENTIALITY

**16.1 Confidentiality.** Each Party shall keep confidential all non-public business, financial, technical and commercial information disclosed by another Party in connection with this Agreement, except as required by law or reasonably necessary to perform this Agreement.

**16.2 Survival.** The obligations set forth in this Article 16 shall survive for a period of three (3) years following termination of this Agreement; provided, however, that trade secrets shall remain protected for so long as they continue to constitute trade secrets under applicable law.

ARTICLE 17

REPRESENTATIONS, WARRANTIES AND COVENANTS

**17.1 Mutual Representations.** Each Party represents that it has full power and authority to execute, deliver and perform this Agreement and that this Agreement constitutes its valid and binding obligation, subject to applicable bankruptcy, insolvency and similar laws and general principles of equity.

**17.2 Compliance; IP.** Each Party shall comply in all material respects with applicable law in performing this Agreement. Except as otherwise agreed in writing, each Party retains ownership of its intellectual property, and no license is granted by implication.

ARTICLE 18

TERM

**18.1 Initial Term.** The initial term of this Agreement shall commence on the Effective Date and continue for three (3) years, unless earlier terminated in accordance with this Agreement.

**18.2 Renewal.** Thereafter, this Agreement shall automatically renew for successive one (1) year periods unless a Party provides written notice of non-renewal at least ninety (90) days prior to the expiration of the then-current term.

ARTICLE 19

TERMINATION

**19.1 Termination.** This Agreement may be terminated by mutual written agreement, by a non-breaching Party following an uncured material breach after thirty (30) days' notice, upon the dissolution or liquidation of YADA, or upon NextTrip's acquisition of all remaining equity interests of YADA unless the Parties otherwise agree in writing.

**19.2 Effect of Termination.** Termination shall not affect accrued payment rights, vested earnout rights or provisions that by their nature survive, including confidentiality, restrictive covenants, dispute resolution and governing law.

ARTICLE 20

INDEMNIFICATION; LIMITATION OF LIABILITY

**20.1 Indemnification.** Each Party shall indemnify, defend and hold harmless the other Party and its respective Affiliates, directors, officers, managers, employees and representatives from and against any third-party claims arising out of such Party's material breach of this Agreement, gross negligence, fraud, willful misconduct or violation of applicable law in connection with this Agreement.

**20.2 Limitation of Liability.** Except for fraud, willful misconduct, gross negligence, breach of confidentiality or indemnification obligations for third-party claims, no Party shall be liable for consequential, incidental, special, exemplary or punitive damages arising out of this Agreement.

ARTICLE 21

DISPUTE RESOLUTION

**21.1 Dispute Resolution.** Any dispute arising out of or relating to this Agreement shall first be submitted to executive-level negotiations between the Parties. If the dispute is not resolved within thirty (30) days after written notice of the dispute, the Parties shall submit the dispute to non-binding mediation in Nevada. If the dispute remains unresolved for thirty (30) days after commencement of mediation, the dispute shall be finally resolved by binding arbitration in Nevada before a single arbitrator in accordance with commercially reasonable procedures mutually agreed by the Parties or, absent such agreement, procedures determined by the arbitrator. The arbitrator shall have the authority to award monetary damages and specific performance or other equitable relief consistent with this Agreement. The prevailing Party in any arbitration shall be entitled to recover its reasonable out-of-pocket attorneys' fees and costs, as determined by the arbitrator.

**21.2 Interim Relief.** Notwithstanding Section 21.1, either Party may seek temporary, preliminary or injunctive relief from a court of competent jurisdiction to preserve the status quo or prevent irreparable harm pending the outcome of mediation or arbitration.

ARTICLE 22

GOVERNING LAW; EQUITABLE RELIEF

**22.1 Governing Law.** This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect to any choice-of-law or conflict-of-law rules that would cause the application of the laws of another jurisdiction.

**22.2 Equitable Relief.** Each Party acknowledges that a breach of the confidentiality, non-solicitation or non-circumvention provisions of this Agreement may cause irreparable harm for which monetary damages may be an inadequate remedy. Accordingly, in addition to any other remedies available at law or in equity, any non-breaching Party shall be entitled to seek injunctive or other equitable relief to prevent or curtail any such breach.

ARTICLE 23

MISCELLANEOUS

**23.1 Entire Agreement; Amendment.** This Agreement, together with the Purchase Agreement and any schedules incorporated herein, constitutes the entire agreement of the Parties with respect to the subject matter hereof and may be amended only by a written instrument executed by the Parties.

**23.2 Assignment.** No Party may assign this Agreement without the prior written consent of the other Party, except that NextTrip may assign this Agreement to an Affiliate or in connection with a merger, consolidation or sale of substantially all of its assets, provided that the assignee assumes NextTrip's obligations hereunder.

**23.3 Notices.** Notices under this Agreement shall be in writing and deemed given upon personal delivery, overnight courier delivery or email transmission to the addresses designated by the applicable Party.

**23.4 Independent Contractors.** The relationship of the Parties under this Agreement is that of independent contractors. Nothing in this Agreement creates a partnership, agency, fiduciary relationship or other joint venture entity.

**23.5 Severability; Waiver.** If any provision of this Agreement is unenforceable, the remaining provisions shall remain in effect. No waiver shall be effective unless in writing and signed by the Party against whom enforcement is sought.

**23.6 Counterparts.** This Agreement may be executed in counterparts, including by electronic signature, each of which shall be deemed an original.

**23.7 No Third-Party Beneficiaries.** Except as expressly set forth in separate award documentation executed by the applicable parties, nothing in this Agreement, express or implied, is intended to confer upon any Person other than the Parties and their permitted successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, and no YADA Founding Shareholder shall be deemed a third-party beneficiary hereof.

**IN WITNESS WHEREOF**, the Parties have caused this Agreement to be executed by their duly authorized representatives as of the Effective Date.

---

| | |
|:---|:---|
| **NEXTTRIP, INC.** | **NEXTTRIP, INC.** |
| By: |  |
| Name: | Bill Kerby |
| Title: | Chief Executive Officer |
| **YADA COMMERCE INC** | **YADA COMMERCE INC** |
| By: |  |
| Name: | Chad Doher |
| Title: | CEO |

---

The undersigned YADA Founding Shareholders agree to comply with the provisions of Articles 6, 14, 15, and 16.

---

| | | | |
|:---|:---|:---|:---|
| High Class Holdings LLC | High Class Holdings LLC | Carbon Capital Corp | Carbon Capital Corp |
| By: | Chad Doher, Managing Member | By: | David Appell, President |

---

SCHEDULE A

PERFORMANCE MILESTONES AND EARNOUT VESTING

This Schedule A sets forth the performance milestones and vesting mechanics applicable to the Earnout Pool.

**1. Measurement Period.**

The measurement period for the Earnout Pool shall be the thirty-six (36) month period following the Closing.

**2. Measurement Dates.**

Performance and vesting shall be measured quarterly during the Earnout Period.

**3. Expiration of Unused Awards.**

Any portion of the Earnout Pool that has not been earned and vested on or before the expiration of the Earnout Period shall automatically expire without further action by any Party.

**4. Total Earnout Pool.**

The maximum Earnout Pool shall consist of 225,000 shares of NextTrip common stock and 225,000 warrants, subject to adjustment only as expressly approved by the Board and to the extent required by applicable law or stock exchange rules.

**5. Earnout Categories.**

The Earnout Pool shall be earned based on YADA Financial Performance from the Agency sales and/or Music Artist Promotional Event Financial Performance; and may be supplemented should the Board desire by way of additional awards (the "**Discretionary Pool**"), which may be awarded by the Board pursuant to Section 11 of this Schedule A as bonus or acceleration awards.

**6. Award Determinations.**

YADA Financial Performance shall be measured quarterly based on Net Profits generated from the activities described in Articles 4, 5, 6, 7, 8 and 9 (the "**Activities**"). For each fiscal quarter during the Earnout Period, the YADA Performance Pool shall be earned based on quarterly net profits (defined as revenues minus expenses before interest, depreciation, amortization or extraordinary expenses (unless mutually agreed to by the parties). The YADA shareholders other than NextTrip collectively shall be awarded one immediately vested restricted share of NextTrip common stock and one three-year warrant to purchase one share of NextTrip common stock at an exercise price of $2.75 per share for each $2.75 of NextTrip's fifty percent (50%) share of the aggregate quarterly Net Profits generated from the Activities. By way of illustration: if the aggregate Net Profits from such activities for a quarter are $100,000, NextTrip's fifty percent (50%) share is $50,000; dividing $50,000 by $2.75 results in 18,182 fully vested restricted shares of NextTrip common stock and a three-year warrant to purchase 18,182 shares of NextTrip common stock at an exercise price of $2.75 per share, in each case issued among the YADA shareholders other than NextTrip as determined by the YADA Founding Shareholders. Any fractional share or warrant that would otherwise be issued shall be rounded up to the nearest whole number.

**7. Vesting and Issuance.**

For purposes of this Schedule A, Net Profits shall be awarded regardless of whether they were derived from Agency sales and/or Music Artist Promotional Event Financial Performance, and no item of revenue or expense shall be counted more than once. Shared expenses that are not directly attributable to a single category shall be allocated in good faith using a methodology consistently applied by NextTrip throughout the Earnout Period. Any award earned under this Schedule A shall vest and be issued in accordance with Articles 11 through 13 and the applicable award documentation approved by NextTrip.

**8. Calculation Standard.**

Financial performance under this Schedule A shall be determined in accordance with GAAP and NextTrip's consistently applied accounting procedures; provided that, in the event of any inconsistency, GAAP shall control.

**9. Acceleration Events.**

If, during the Earnout Period, (a) NextTrip acquires the remaining ownership interests of YADA, (b) YADA is merged into another NextTrip subsidiary or (c) a Change of Control transaction involving NextTrip occurs, then any earned but unissued awards shall immediately vest.

**10. Forfeiture Events.**

Unvested awards shall be forfeited in the circumstances specified in the applicable award documentation, which may include voluntary resignation without Board approval, fraud, material breach of applicable agreements, or violation of confidentiality, non-solicitation or non-circumvention obligations owed to NextTrip or YADA.

**11. Board Discretion.**

The Board may award all or any portion of the Discretionary Pool in recognition of extraordinary performance, strategic opportunities, material new business development, successful integration milestones, or other value creation not otherwise captured by Sections 6 and 7 of this Schedule A, subject to applicable law and stock exchange requirements. Any award from the Discretionary Pool shall be evidenced by written Board action and shall not reduce any award otherwise earned from the YADA Performance Pool or the Event Performance Pool.

## Exhibit 99.1

**EXHIBIT 99.1**

**NextTrip Acquires Controlling Interest in Fully Licensed TikTok Partner Agency YADA, Accelerating Vision to Build a Global Creator, Entertainment and Travel Commerce Ecosystem**

***Acquisition expands NextTrip's content-to-commerce platform through creator communities, entertainment experiences, audience acquisition, travel commerce, and media monetization opportunities***

**SANTA FE, NM / <u>ACCESS Newswire</u> / June 11, 2026 /** NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip," "the Company," "we," "our," or "us"), a technology-forward travel and media company defining the intersection of media and travel, today announced that it has acquired a controlling interest in **<u>YADA Commerce Inc</u>** ("YADA"), **a fully licensed TikTok Partner Agency and creator-commerce platform** focused on influencer engagement, audience development, digital commerce, and music artist promotional events.

**Highlights of the Transaction**

● **Adds a Fully Licensed TikTok Partner Agency** providing access to creator recruitment, audience development, affiliate commerce, livestream commerce, and creator monetization capabilities.

● **Expands NextTrip's Audience Acquisition Engine** through access to thousands of creators and billions of aggregate followers across social media platforms.

● **Launches NextTrip's Destination Entertainment & Creator Commerce** with 4 destination music events already committed featuring exclusive artist partnerships, fan experiences, concert travel programs, and creator-led commerce initiatives.

● **Creates New Revenue Opportunities** for our media platform to drive additional advertising, sponsorships, travel bookings, experiential travel, memberships, gift cards, loyalty programs, and creator commerce.

Through YADA, the Company gains a strategic creator-commerce platform capable of driving audience acquisition, creator engagement, entertainment experiences, and travel transactions across the broader NextTrip ecosystem. NextTrip believes the acquisition represents significantly more than a traditional social media marketing initiative and includes access to pre-booked group travel programs involving several artists for exclusive concert experiences for super fans in unique destinations and premium resort venues.

Under the agreement, NextTrip will serve as the travel fulfillment partner for YADA's music artist promotional events and related fan experiences. The Company expects to leverage its group travel capabilities through <u>TA Pipeline</u>, luxury travel offerings through <u>Five Star Alliance</u>, concierge travel services, and proprietary travel inventory available through the NXT2.0 platform to support future event-related travel programs.

Unlike traditional marketing agencies, YADA operates as creator-commerce infrastructure, providing creator recruitment, onboarding, training, activation, monetization, affiliate management, audience development, and livestream commerce capabilities. These capabilities create a scalable foundation for customer acquisition, audience engagement, and commerce that can be leveraged across NextTrip's travel, media, membership, loyalty, entertainment, and experiential businesses while enabling direct access to highly engaged consumer audiences across travel, lifestyle, entertainment, and commerce categories.

Management believes the combination of creator reach, travel expertise, and operational infrastructure creates a unique opportunity to connect audience engagement directly to travel bookings, loyalty programs, destination marketing initiatives, experiential travel products, memberships, gift card programs, and advertising opportunities.

Industry estimates project TikTok Shop gross merchandise volume to exceed $100 billion globally in 2026, supported by an ecosystem of more than 15 million active creators and over 100,000 affiliate participants. Through YADA's strategic creator relationships, creator agency partnerships, affiliate networks, and its relationship with Get Engaged, NextTrip gains access to a creator ecosystem spanning thousands of creators with a combined audience reach measured in the billions.

As part of the transaction, Chad Doher, Founder of YADA Commerce Inc and a veteran entrepreneur, entertainment executive, producer, travel industry veteran, and marketing strategist with decades of experience building media, creator, entertainment, hospitality, travel, and consumer-facing businesses, has joined NextTrip as Executive Vice President of Entertainment. Throughout his career, Doher has built and scaled companies across media, entertainment, commerce, hospitality, and travel while producing and marketing projects involving globally recognized brands, talent, and consumer audiences.

Mr. Doher will lead the newly expanded NextTrip Entertainment & Creator Commerce division, overseeing creator partnerships, influencer marketing, music artist promotions, fan engagement initiatives, experiential travel programs, branded entertainment opportunities, and creator-commerce initiatives across the Company's growing portfolio.

"*The future belongs to companies that can own attention, community, and commerce simultaneously*," said Chad Doher, Founder of YADA Commerce Inc and Executive Vice President of Entertainment for NextTrip. "*NextTrip has already assembled an extraordinary collection of travel, media, technology, and distribution assets. By combining creators, entertainment, fan engagement, experiential travel, commerce, and media under a single platform, we have the opportunity to build a category-defining company that connects inspiration directly to transaction on a global scale*."

"*Importantly, we are not starting from zero*," continued Doher. "*YADA has already secured several artists for exclusive concert experiences and intimate fan events in unique destinations and premium venues designed specifically for super fans. These experiences create a powerful opportunity to combine entertainment, travel, and community engagement. Through NextTrip's group travel, concierge services, luxury travel capabilities, and booking infrastructure, we expect to deliver complete fan travel packages that include accommodations, transportation, VIP experiences, and exclusive access. Based on current planning, we believe these initial event programs alone could each generate more than 250 fan travel packages while establishing a scalable model for future artist partnerships and destination-based entertainment experiences*."

NextTrip believes the creator economy represents one of the largest shifts in consumer acquisition since the emergence of search and social media. As travelers increasingly discover destinations, hotels, cruises, events, restaurants, and experiences through creator recommendations and video content, content has become the starting point of the travel purchasing journey. Through YADA's creator network and TikTok Partner Agency infrastructure, NextTrip gains direct access to one of the fastest-growing channels for travel inspiration, consumer engagement, and booking conversion.

By combining <u>JOURNY</u>'s global television distribution, Travel Magazine's digital reach, NextTrip's booking infrastructure, and YADA's creator ecosystem, the Company believes it can create a uniquely differentiated content-to-commerce platform capable of reaching consumers across television, digital media, social media, influencer networks, and transactional travel channels.

"*We are building significantly more than a travel company*," said Bill Kerby, Co-Founder and Chief Executive Officer of NextTrip. "*Our vision is to create a vertically integrated platform where content inspires discovery, creators drive engagement, communities build loyalty, and commerce converts attention into transactions. YADA strengthens every layer of that strategy while expanding our reach into the rapidly growing creator economy and entertainment sectors*."

Management believes this combination creates a powerful content-to-commerce flywheel in which creators generate content, content drives audience engagement, engagement generates travel interest, and travel interest converts into bookings, memberships, loyalty participation, advertising revenue, and recurring customer relationships throughout the NextTrip ecosystem.

Perhaps most importantly, YADA becomes a powerful audience acquisition engine feeding consumers into the broader NextTrip ecosystem, including JOURNY, Travel Magazine, Travel Magazine Pro™, Five Star Alliance, TA Pipeline, travel memberships, gift card programs, and the Company's proprietary NXT2.0 booking platform.

"*The YADA acquisition not only expands our long-term creator-commerce opportunity, but also provides a pipeline of near-term experiential travel programs and fan engagement initiatives that align perfectly with our content-to-commerce strategy*," added Kerby. "*We believe YADA strengthens our position as one of the few companies capable of combining media, creators, entertainment, commerce, and travel within a single platform. By owning both audience acquisition and transaction infrastructure, we believe NextTrip is uniquely positioned to create long-term shareholder value while participating in some of the fastest-growing sectors of the digital economy. This transaction further advances our strategy of connecting inspiration directly to transaction while creating multiple revenue opportunities across travel, media, entertainment, advertising, memberships, and creator commerce."*

The Company believes entertainment-driven travel represents one of the fastest-growing categories within experiential tourism and expects to develop new offerings spanning music events, fan travel packages, creator retreats, destination festivals, branded experiences, celebrity-hosted trips, cruises, premium VIP programs, and creator-led commerce initiatives.

Transaction terms were negotiated at arm's length and reflect the strategic value of YADA's creator-commerce platform, entertainment relationships, and travel industry infrastructure. Additional details regarding the acquisition, including consideration paid and other material terms, will be disclosed in a subsequent Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.

**About YADA Commerce Inc**

YADA Commerce Inc. is a fully licensed TikTok Partner Agency focused on creator engagement, influencer marketing, digital commerce, audience development, and music artist promotional events. The company works with creators, brands, artists, and entertainment partners to develop audience engagement programs and consumer experiences across digital and social media channels.

**About NextTrip**

NextTrip, Inc. (NASDAQ:NTRP) is a technology-forward travel and media company defining the intersection of media and travel. Through its owned media platforms, including **JOURNY.tv** and **TravelMagazine.com**, and its proprietary travel technology stack, NextTrip delivers an integrated ***inspiration-to-booking ecosystem*** that connects travel discovery directly to transaction and fulfillment. The Company operates a portfolio of travel brands and platforms, including **Five Star Alliance**, a global luxury hotel and resort booking platform; **NXT2.0**, its proprietary booking and payments engine; and **TA Pipeline**, a purpose-built group travel and meetings booking platform serving travel advisors, suppliers, and destination partners. Together, these assets enable frictionless booking across luxury FIT (Flexible Independent Travel), group travel, destination weddings, conferences, and concierge-managed experiences, supported by flexible payment options such as PayDlay. By owning both the inspiration layer through premium video-led storytelling and the transaction layer through integrated booking technology, NextTrip enables travelers to move seamlessly from discovery to booking, while providing destinations, brands, and travel partners with measurable engagement, demand generation, and conversion opportunities.

For more information, visit **<u>www.nexttrip.com</u>** and **<u>investors.nexttrip.com</u>**.

**Forward-Looking Statement Disclaimer**

This announcement contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. For example, statements regarding the Company's financial position, business strategy and other plans and objectives for future operations, and assumptions and predictions about future activities are all forward-looking statements. These statements are generally accompanied by words such as "intend," anticipate," "believe," "estimate," "potential(ly)," "continue," "forecast," "predict," "plan," "may," "will," "could," "would," "should," "expect" or the negative of such terms or other comparable terminology.

The Company believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, based on information available to it on the date hereof, but the Company cannot provide assurances that these assumptions and expectations will prove to have been correct or that the Company will take any action that the Company may presently be planning. However, these forward-looking statements are inherently subject to known and unknown risks and uncertainties. Actual results or experience may differ materially from those expected or anticipated in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, regulatory policies, available cash resources, competition from other similar businesses, and market and general economic factors.

Readers are urged to read the risk factors set forth in the Company's filings with the United States Securities and Exchange Commission at <u>www.sec.gov</u>. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

**Contacts**

NextTrip, Inc

Richard Marshall

Director of Corporate Development

<u>Richard.Marshall@nextTrip.com</u>