Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 80

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 Account as permitted withdrawals and additional loans, if any, and will otherwise use the funds held outside
of the Trust Account to pay for existing accounts payable, identifying and evaluating prospective initial business combination candidates,
performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with
or acquire, and structuring, negotiating and consummating the business combination.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets
or liabilities, which would be considered off-balance sheet arrangements as of September 30, 2025. We do not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which
would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet
financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any
non-financial assets.

Related Party Transactions

Refer to “Note 5 –
Related Party Transactions” in the unaudited condensed  financial statements contained elsewhere in this report.

21

Contractual Obligations

We do not have any long-term
debt, capital lease obligations, operating lease obligations or long-term liabilities, other than the accrual of $20,000 per month pursuant
to the administrative services agreement we have entered into with the Sponsor for its office space, utilities and secretarial and administrative
support. Upon completion of the initial business combination or our liquidation, assuming there is cash available, the administrative
services agreement will terminate, and we will cease accruing these monthly fees and will pay the outstanding amounts under the administrative
services agreement.

The Sponsor agreed to loan
up to $100,000 to the Company pursuant to the terms of the Note, which amount was increased to $300,000 on June 23, 2025, pursuant to
an amendment to the Note, and may be further increased to $500,000 if we and the Sponsor agree, to cover organizational, offering-related
and post-offering expenses. These loans underlying the Note are non-interest bearing, unsecured and are due on the date in which we consummate
our initial business combination or on the date of its dissolution deadline, assuming there is cash available. As of September 30, 2025,
we owed $5,093 to the Sponsor under the Note.

Critical Accounting Estimates

The preparation of financial
statements and related disclosures in conformity with