Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 1940

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 8
Chunk 1940
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. The Company will seek to reduce
the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors,
service providers, prospective target businesses or other entities with which the Company does business (except for the Company’s
Independent Registered Public Accountants), execute agreements with the Company waiving any right, title, interest or claim of any kind
in or to monies held in the Trust Account.

F-9

Business
Combination Agreement 

On
January 12, 2024, the Company entered into a nonbinding LOI for a potential business combination with Infintium Fuel Cell Systems, Inc.,
a Delaware corporation (“Infintium”) and Infintium made a non-refundable earnest money deposit of $200,000 (“Earnest
Money”) to proceed with the Company for the potential business combination. Such deposit is intended to cover the business combination
expenses of the Company for which Infintium is responsible. If the potential business combination fails to occur and the LOI or the LOI
or any subsequent definitive agreements are terminated by either party due to reasons not attributable to Infintium, the Company will
be required to return the Earnest Money to Infintium.

On
June 26, 2024, the Company entered into a Business Combination Agreement (the “Agreement”) with Infintium, Pacifica Acquisition
Corp., a Delaware corporation (“Merger Sub 2”) and wholly-owned subsidiary of the Registrant, and Yan (Chris) Feng, solely
in his capacity as representative, agent and attorney-in-fact of Infintium Securityholders (the “Securityholder Representative,”
and, together with Infintium, the Company, Merger Sub, the “Parties”), pursuant to which Merger Sub 2 will merge with and
into Infintium (the “Merger”), with Infintium surviving the Merger as a wholly-owned subsidiary of the Company. In connection
with the Merger, the Company will change its name to “Infintium Fuel Cell Systems Holdings, Inc.” The board of directors
of the Company has unanimously (i) approved and declared advisable the Agreement, the Merger and the other transactions contemplated
by the Agreement and (ii) resolved to recommend approval of the Agreement and related matters by the stockholders of the Registrant once
the Registration Statement has been declared effective. The Company filed its initial Form S-4 Registrant Statement on January 30,