Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

NextTrip, Inc. (the "Company") and Monaco Investment Partners II, LP (the "Lender") entered into a Line of Credit Agreement dated as of May 6, 2025 (the "Credit Agreement") pursuant to which the Lender agreed to provide to the Company a line of credit in the principal amount of up to $3,000,000. Effective July 13, 2026, the parties agreed to amend the Credit Agreement (the "Amendment") to extend until May 31, 2028 the Maturity Date for the payment of all obligations under the Credit Agreement. Donald P. Monaco, a director of the Company, controls the Lender. The Amendment has been approved by the both the Company's Board of Directors and its Audit Committee.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information in Item 1.01 is hereby incorporated herein by reference