Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 20

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 have been repaid. Any additional borrowings under the note are no
longer available.

Administrative Support Fee

The Company entered into an agreement, commencing
on March 31, 2025, to pay a monthly technology, software, computer, systems, administrative support, secretarial services and infrastructure
fee of $15,000 to Siddhi Capital Holdings, until the earlier of an initial Business Combination or liquidation of the Company. For the
three and six months ended June 30, 2025, the Company incurred $45,000 in fees for these services, of which $15,000 is included in accounts
payable and accrued expenses in the accompanying balance sheet.

10

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

Consultant Services Agreement

A consulting firm affiliated with the Company’s
Chief Financial Officer provides accounting services to the Company. The consultant shall be paid a monthly fee of $3,500, commencing
on April 2, 2025 and a success fee should the Company complete an initial Business Combination of 40,000 shares. If the Company does not
complete an initial Business Combination, the success fee will not be due and payable. As of June 30, 2025, $3,500 is due to the consulting
firm and is recorded in accrued expenses in the condensed balance sheet.

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 (the “Working Capital Loans”). If the Company completes
a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the
Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from
the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible
into Private Placement Units of the post Business Combination entity at a price of $10.00 per unit at the option of the lender. The units
would be identical to the Private Placement Units. As of June 30, 2025 and December 31, 2024, no such Working Capital Loans were outstanding.