Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 104

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 104
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 month period, from September
21, 2023 to June 21, 2024, and must deposit into the Trust Account in the sum of $100,000 for each one month extended. On June 18, 2024,
the Company’s stockholders approved a second amendment to the Company’s Amended and Restated Certificate of Incorporation
to extend the date by which the Company has to consummate a business combination up to twelve (12) times, each such extension for an additional
one month period, from June 21, 2024 to June 21, 2025, and must deposit into the Trust Account in the sum of $50,000 for each one month
extended. On June 18, 2025, the Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate
of Incorporation, as previously amended on September 21, 2023 and June 18, 2024, to extend the date by which the Company has to consummate
a business combination up to twelve (12) times, each such extension for an additional one (1) month period, from June 21,
2025 to June 21, 2026, and must deposit into the trust account in the sum of $50,000 for each one month extended. Any such payments
would be made in the form of a loan.   Any such loans will be non-interest bearing and payable upon the consummation of its
initial Business Combination. If the Company completes its initial Business Combination, the Company would either repay such loaned amounts
out of the proceeds of the Trust Account released to the Company, or up to $1,725,000 of such loans may be convertible into private units
at a price of $10.00 per unit at the option of the lender. The Sponsor has informed Goldenstone that it does not anticipate converting
any of the loans into private units.

As of September 30, 2025 and March 31, 2025, the
Company had $3,301,966 and $2,976,966, respectively, of borrowings under the working capital and extension loans.

18

Administrative Services Agreement and Service Fees

The Company is obligated, commencing from the
closing of the Initial Public Offering and for 12 months, to pay the sponsor’s affiliate and officers of the Company, a monthly
fee of $25,000 for general and administrative services including office space,