Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 366

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 366
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 and 2022, respectively. The balance of the interest payable connected to this note as of December 31, 2023 and 2022 was $110,000 and $80,000, respectively. In May 2022, the Company entered into a promissory note with individual lender B, with proceeds to the Company of $500,000 and an interest rate of 5% per annum. The Company repaid the entire note in the amount of $500,000 and all incurred interest in August 2022. As of December 31, 2022, the balance of the note payable was zero. In October 2022, the Company entered into a promissory note with individual lender C, with proceeds to the Company of $200,000 and an interest rate of 8% per annum. The Company repaid the entire note in the amount of $200,000 and all incurred interest in November 2022 and as of December 31, 2022, the balance of the note payable was zero. In October 2023, the Company entered into a promissory note with an individual shareholder/lender D (whose ownership is less than 5%), with proceeds to the Company of $500,000 and an interest rate of 10% per annum. As of December 31, 2023, the balance of the loan payable is $500,000 and the balance of the interest payable connected to this note as of December 31, 2023 is $11,233. In November 2023, the Company entered into a promissory note with the same individual lender C, with proceeds to the Company of $120,000 and an interest rate of 8% per annum. The Company repaid the entire note in the amount of $120,000 and all incurred interest in November 2023 and as of December 31, 2023, the balance of the note payable was zero. NOTE 10 — LOANS PAYABLE — RELATED PARTY The Company’s related party accounts included the following as of December 31:

|                                                                       |     |   |      2023 |     |   |      2022 |
|:----------------------------------------------------------------------|:----|:--|----------:|:----|:--|----------:|
| Loans payable – related party, non-current, limited liability company |     | $ | 1,205,951 |     | $ | 1,205,951 |
| Loans payable – related party, non