Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On May 29, 2026, NextTrip, Inc. (the "Company") borrowed on a short- term basis the amount of $200,000 (the "May 29 Loan") from The Donald P. Monaco Insurance Trust (the "Trust"). Donald P. Monaco, a director of the Company, is the trustee of the Trust. The May 29 Loan was one of a series of short-term unsecured loans made by the Trust (the "Monaco Loans") commencing March 25,2026 which, as of the date of this Current Report, have a principal balance of $500,000. Interest accrues on the Monaco Loans at a rate of 7.5% simple interest per annum. The maturity date of the Monaco Loans is June 30, 2026. The Monaco Loans have 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