Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 362

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 362
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 company controlled by the Company’s ultimate major shareholder, with proceeds to the Company of $1,205,951 with an interest rate of zero percent and to be due on demand. As of March 31, 2025 and December 31, 2024, the balance of the related party loan payable is $1,205,951 and $1,205,951, respectively.

F-40

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 10 — LOANS PAYABLE — RELATED PARTY (cont.) Loan payable — related party, shareholders In February 2023, the Company entered into a promissory note with a related party entity, shareholder A, with proceeds to the Company of $200,000 and an interest rate of zero percent. As of March 31, 2025 and December 31, 2024, the balance of the current related party loan payable is $200,000 and $200,000, respectively. Loan payable — related party lenders In March 2024, the Company entered into a long -termpromissory note with a related party, lender C, with proceeds to the Company of $300,000 and an interest rate of zero percent. In April and May 2024, the Company entered into two short -termpromissory notes for $500,000 each with lender C, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. In October 2024 and March 2025, the Company repaid the short -termpromissory notes in the amount of $500,000 and $300,000, respectively. As of March 31, 2025 and December 31, 2024, the balances of the current related party loans were $500,000 and $500,000, respectively. As of March 31, 2025 and December 31, 2024, the balances of the noncurrent related party loans were $0 and $300,000, respectively. In June 2024, the Company entered into a short -termpromissory note with a related party, lender D, with proceeds to the Company of $500,000 and an interest rate of zero percent. As of March 31, 2025 and December 31, 2024, the balance of the current related party loan was $500,000 and $500,000,