Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 569

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 569
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, and other conditions as they exist and can be evaluated by us at the date of this letter. It should be noted that although subsequent developments may affect this Opinion, we do not have any obligation to update, revise, or reaffirm our Opinion. We reserve the right, however, to withdraw, revise, or modify our Opinion based upon additional information that may be provided to or obtained by us after the issuance of the Opinion but was known or should have been known by Goldenstone or the Company at the date of such issuance that suggests, in our judgment, a material change in the assumptions upon which our Opinion is based. We acknowledge and agree that this Opinion and a summary thereof may be filed with or included in or with any proxy or information statement required to be filed by Goldenstone or NewCo with the Securities and Exchange Commission and delivered to the holders of Goldenstone’s or NewCo’s securities in connection with the Transaction. Our assignment was finalized on June21, 2024, Any events or information occurring after this date have not been subject to consideration. Annex D-3

We have been retained by Goldenstone to provide this Fairness Opinion in connection with the Transaction and will receive a fixed fee for our services. Our fee is not contingent upon, or related to, the size of the transaction consideration, or whether the Transaction is consummated. Conclusion Based on the work performed by us, and on the statements above, we are of the opinion that the Transaction, on the date of issue of this document, is fair from a financial point of view for the stockholders of Goldenstone, other than the Sponsor, any of its affiliates and any other holder of Goldenstone Founder Shares.

| Yours Sincerely,            |
| Dr. Joel Shulman Ph.D., CFA 
 CEO                         
 EntrepreneurShares LLC      |

Annex D-4 PART II INFORMATION NOT REQUIRED IN THE PROSPECTUS Item 20. Indemnification of Directors and Officers. Subsection (a) of Section 145 of the General Corporation Law of the State of Delaware (referred to as the “ DGCL”) empowers a corporation to indemnify any person who was or is a party or who is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was