Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 735

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 5
Chunk 735
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 committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or their affiliates.

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 officer
and director compensation.

36

In
connection with the IPO, we entered into a registration rights agreement with respect to the founder shares and private placement units
(and underlying securities).

Policy
for Approval of Related Party Transactions

The
audit committee of our board of directors has adopted a policy setting forth the policies and procedures for its review and approval
or ratification of “related party transactions.” Pursuant to the policy, the audit committee will consider (i) the relevant
facts and circumstances of each related party transaction, including if the transaction is on terms comparable to those that could be
obtained in arm’s-length dealings with an unrelated third party, (ii) the extent of the related party’s interest in the transaction,
(iii) whether the transaction contravenes our code of ethics or other policies, (iv) whether the audit committee believes the relationship
underlying the transaction to be in the best interests of the company and its stockholders and (v) the effect that the transaction may
have on a director’s status as an independent member of the board and on his or her eligibility to serve on the board’s committees.
Management will present to the audit committee each proposed related party transaction, including all relevant facts and circumstances
relating thereto. Under the policy, we may consummate related party transactions only if our audit committee approves or ratifies the
transaction in accordance with the guidelines set forth in the policy. The policy will not permit any director or executive officer to
participate in the discussion of, or decision concerning, a related person transaction in which he or she is the related party.

ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

During
the fiscal year ended March 31, 202