Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 17

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 a jurisdiction
         outside the British Virgin Islands).
       
      With certain limited exceptions, the founder shares are not transferable, assignable
         or saleable (except to our officers and directors and other persons or entities affiliated
         with our sponsor, each of whom will be subject to the same transfer restrictions)
         until the completion of our initial business combination.

    12

      Promissory Note – Related Party
       
      On March 20, 2025, the Sponsor issued
an unsecured promissory note to the Company, pursuant to which the Company may borrow up to an aggregate principal amount of $350,000,
to be used for payment of costs related to the Proposed Offering. The note is non-interest bearing and payable on the earlier of (i)
December 31, 2025 or (ii) the consummation of the Initial Public Offering. As of June 30, 2025, the Company has borrowed $214,461
under the promissory note with our Sponsor. On August 1, 2025, the Company has repaid $225,461 under the promissory note with the
Sponsor out of the $700,000 of offering proceeds that has been allocated for the payment of offering expenses.

      Administrative Services Arrangement
       
      An affiliate of our Sponsor has agreed, commencing from the date that the Company’s securities are first listed on Nasdaq, through the earlier of the Company’s consummation of a Business Combination and its liquidation, to make available to
         the Company our Sponsor certain office space, utilities and secretarial and administrative
         support as may be reasonably required by the Company. The Company has agreed to pay
         to the affiliate of our Sponsor, $20,000 per month, for up to 18 months, subject to
         extension to up to 21 months, as provided in the Company’s registration statement, for such administrative services.
       
      Related Party Loans
       
      In order to finance transaction costs in connection with a Business Combination, the
         Company’s Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company funds as
         may be required (“Working Capital Loans”). Up to $2,500,000 of such loans may be convertible
         into private units, at a price of $10.00 per unit, at the option of the applicable
         lender. In the event that a