EX-10.1
NextTrip, Inc.
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EXCHANGE AGREEMENT
THIS EXCHANGE AGREEMENT (the “Agreement”), dated as of August 25, 2026, is made by and between NextTrip, Inc., a Nevada corporation (the “Company”), and Monaco Investment Partners II, LP (the “Holder”).
WHEREAS, pursuant to that certain Line of Credit Agreement dated as May 6, 2025, as amended (the “Credit Agreement”) by and between the Holder and the Company, the Holder has advanced to the Company an aggregate principal amount of $3,000,000 (the “Credit Limit”);
WHEREAS, the Company has authorized a new series of convertible preferred stock designated as Series B Preferred Stock, $0.001 par value, the terms of which are set forth in the Certificate of Designation (the “Certificate of Designation”) in the form attached hereto as Exhibit A (the “Preferred Stock”), which Preferred Stock shall be convertible (the “Conversion Shares”) into the Company’s Common Stock, $0.001 par value per share (the “Common Stock”), in accordance with the terms of the Certificate of Designation;
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