Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 376

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 376
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 note with a related party, Lender #1, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. In March 2024, the Company entered into a long -termpromissory note with Lender #1, with proceeds to the Company of $300,000 and an interest rate of zero percent. In June 2024, the Company entered into a short -termpromissory note with a related party, Lender #2, with proceeds to the Company of $500,000 and an interest rate of zero percent. In August 2024, the Company entered into a promissory note with a related party, Lender #3, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. Loan Repayments In August 2023, the Company entered into a promissory note with a related party lender, with proceeds to the Company of $300,000 and an interest rate of zero percent. In March 2024, the Company repaid the entire note in the amount of $300,000. Inception of New Lease In October 2024, the Company entered into a lease agreement with a lessor for a term of one hundred twenty -sixmonths for the rental of a building that is approximately 80,000 square feet located in Greenville, South Carolina, where the Company may install a hydrogen supply system for consumption by products and testing. On January15, 2025, the Company issued a warrant to purchase shares for 34,464,079 Class B Non -VotingCommon Stock in the Company (the “Warrant Shares”) in consideration for a possible $225,000,000 in future revenue from sales from the holder. The exercise price is $0.65285 per Warrant Share. The exercise period is ten years, and the holder of the Warrant Shares may exercise on a cash or net exercise basis. F-70

INFINTIUM FUEL CELL SYSTEMS, INC.
BALANCE SHEETS

|                                                                                                                                                                             |     |   | September 30, 
          2024 
   (Unaudited) |   |     |   | December 31, 
         2023 |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| ASSETS                                                                                                                                                                      |     |   |               |   |     |