Company: PAII-WT
Filing Date: 2025-05-29
Form Type: DRS
Source: 0001213900-25-049013
Chunk: 355

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-05-29
Form: DRS
Chunk 355
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 F-14 |

| Pyrophyte Acquisition Corp. II            
 Notes to financial statements             
 NOTE 5—RELATED PARTY TRANSACTIONS (cont.) |

sub -divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 150 days after the completion of the Company’s initial business combination, the founder shares will be released from this lock -up. Promissory note—related party The sponsor has agreed to loan the Company an aggregate of up to $300,000 to be used for a portion of the expenses of this offering. The loan is non -interestbearing, unsecured and due at the earlier of December 31, 2025 or the closing of this offering. The loan will be repaid out of the $925,000 of offering proceeds that has been allocated to the payment of offering expenses. As of May 5, 2025, the Company had $75,000 outstanding under the promissory note. Administrative support agreement Commencing on the effective date of this offering, the Company will enter into an agreement with the sponsor or an affiliate to pay an aggregate of $35,000 per month for office space, utilities and secretarial and administrative support. Upon completion of a business combination or its liquidation, the Company will cease paying these monthly fees. Working capital loans In order to finance transaction costs in connection with an intended initial business combination, the Company’s sponsor or an affiliate of its sponsor or certain of its officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes its initial business combination, the Company would repay such working capital loans. In the event that the initial 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. Up to $1,500,000 of such working capital loans may be convertible into private placement -equivalentunits at a price of $10.00 per unit at the option of the lender. Such units and their underlying securities would be identical to the private placement warrants, including as to exercise price, exercisability and exercise period of the underlying warrants. The terms of such working capital loans by the Company’s sponsor or its affiliates, or its officers and directors, if any, have not been determined and no written agreements exist with respect to such