Exhibit 10.27
FIRST AMENDMENT TO UNSECURED PROMISSORY NOTE
This First Amendment to Unsecured Promissory Note (this “Amendment”) is entered into as of April 6, 2026, by and between: NextTrip Inc., a Nevada corporation (the “Company”), and The Donald P. Monaco Insurance Trust (the “Holder”). The Company and the Holder are referred to collectively as the “Parties.”
RECITALS
WHEREAS, the Company previously issued that certain Unsecured Promissory Note dated March 25, 2026, in the original principal amount of $80,000 (the “Note”); and
WHEREAS, the Parties desire to amend the Note to increase the principal amount and extend the maturity date.
AGREEMENT
1. Increase in Principal Amount. Effective as of April 6, 2026, the outstanding principal amount of the Note is increased by $75,000. Accordingly, the total principal amount of the Note shall be $155,000, plus any accrued and unpaid interest. All interest shall continue to accrue in accordance with the terms of the Note.
2. Extension of Maturity Date. Section 1 of the Note is amended to replace the existing Maturity Date with April 13, 2026. All references in the Note to the “Maturity Date” shall refer to April 13, 2026.
3. No Other Modifications. Except as expressly modified, all terms of the Note remain unchanged and in full force and effect.
4. Governing Law. This Amendment shall be governed by the laws of the State of Nevada.
5. Counterparts. This Amendment may be executed in counterparts and delivered electronically.
[Signature Page Follows]
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.
| COMPANY: | ||
| NEXTTRIP, INC. | ||
| By: | /s/ Bill Kerby | |
| Name: | Bill Kerby | |
| Title: | Chief Executive Officer | |
| HOLDER: | ||
| THE DONALD P. MONACO INSURANCE TRUST | ||
| By: | /s/ Donald P. Monaco | |
| Name: | Donald P. Monaco | |
| Title: | Trustee | |