Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 640

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 4
Chunk 640
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 repayment. Such loans would be evidenced
by promissory notes. The notes would either be paid upon consummation of our initial business combination, without interest, or, at the
lender’s discretion, up to $600,000 of the notes may be converted upon consummation of our business combination into private units
at a price of $10.00 per unit. Our stockholders have approved the issuance of the units and underlying securities upon conversion of
such notes, to the extent the holder wishes to so convert them at the time of the consummation of our initial business combination. If
we do not complete a business combination, the loans would be repaid out of funds not held in the Trust Account, and only to the extent
available.

After
our initial business combination, members of our management team who remain with us may be paid consulting, management or other fees
from the combined company with any and all amounts being fully disclosed to our stockholders, to the extent then known, in the tender
offer or proxy solicitation materials, as applicable, furnished to our stockholders. It is unlikely the amount of such compensation will
be known at the time of distribution of such tender offer materials or at the time of a stockholder meeting held to consider our initial
business combination, as applicable, as it will be up to the directors of the post-combination business to determine executive and director
compensation.

We
have entered into a registration rights agreement with respect to insider shares, the private units and its underlying securities, the
units issuable upon conversion of working capital loans (if any) and the shares of common stock issuable upon exercise of the foregoing.

35

Related
Party Policy

We
have adopted a code of ethics requiring us to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions
approved by our Board of Directors (or the appropriate committee of our board) or as disclosed in our public filings with the SEC. Under
our code of ethics, conflict of interest situations will include any financial transaction, arrangement or relationship (including any
indebtedness or guarantee of indebtedness) involving the company. A form of our code of ethics was filed as an exhibit to the registration
statement in connection with our IPO.

In
addition, our audit committee, pursuant to a written charter that we will adopt prior to the consummation of this offering, will be responsible
for reviewing and approving related party transactions to the extent that we enter into such