Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 20

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 their Class A ordinary shares for cash, securities or 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.

F-11

NMP ACQUISITION CORP.
NOTES TO 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.

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 June 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 note, and may be further increased to $500,000 if the Company and the Sponsor
agree, to cover organizational, offering-related and post-offering expenses. These loans are non-interest bearing, unsecured and