Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 67

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 other
property, except to certain permitted transferees and under certain circumstances. Any permitted transferees will be subject to the same
restrictions and other agreements of the initial shareholders with respect to any Founder Shares.

14

NMP ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 5 — RELATED PARTIES (cont.)

Administrative Services

The Company entered into
an Administrative Services Agreement, pursuant to which, commencing on the effective date of the Initial Public Offering through the
earlier of the Company’s consummation of a Business Combination or its liquidation, the Company will accrue payments in an amount
equal to $20,000 per month for office space, utilities and secretarial and administrative support, which may be paid by the Company to
the Sponsor or an affiliate thereof from amounts released as permitted withdrawals or upon completion of its initial Business Combination
or its liquidation, assuming there is cash available. For the three and nine months ended September 30, 2025 the Company incurred general
and administrative services expenses of $60,000 which are included in formation and operating expenses on the unaudited condensed statements
of operations.

Working Capital Loans

In order to finance transaction
costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers
and directors may, but are not obligated to, loan the Company funds as may be required except as described in connection with the promissory
note described below (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes
may be repaid upon completion of a Business Combination, without interest. In the event that a Business Combination does not close, the
Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust
Account would be used to repay the Working Capital Loans. As of September 30, 2025 and December 31, 2024, except in connection with
the note payable described below, there are no other amounts outstanding under the Working Capital Loans.

Note Payable — Related Party

The Sponsor agreed to loan
up to $100,000 to the Company pursuant to the terms of a promissory note dated December 31, 2024, which amount was increased to $300,000
on June 23, 2025 pursuant to an amendment to the promissory