Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 394

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 394
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 |
| Total lease payments    |     |           | 204,152 |   |     |         | — |
| Less: imputed interest  |     |           | (16,397 | ) |     |         | — |
|                         |     | $         | 187,755 |   |     | $       | — |

NOTE 14 — EQUITY INCENTIVE PLAN In 2018, the Company’s shareholders authorized the 2018 Equity Incentive Plan (“the Plan”) under which a maximum of 10,623,953shares were available for issuance. As of September 30, 2024, approximately 2,342,266shares remained available for future issuance. The Plan authorizes the granting of incentive stock options, the fair market value of which is recognized as expense over the requisite service period, which may be shorter than the vesting period if an employee is retirement eligible. The maximum term of an option is ten years, and options generally vest at a rate of twenty -fivepercent after one year of service, and then in equal installments over thirty -sixsubsequent months.

F-85

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 14 — EQUITY INCENTIVE PLAN (cont.) In January 2024, the Company granted an aggregate of 110,000 options to two individuals with an aggregate total fair value of $109,772; from April through September 2024, the Company granted 645,000 options to seven employees with an aggregate total fair value of $761,467. The options vest at a rate of twenty -fivepercent after one year of service, and then in equal installments over thirty -sixsubsequent months, and have a maximum term of ten years. The following table summarizes stock option activity for the periods presented below:

|                                   |     | Number of 
   Options |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     |  Weighted 
   Average 
 Remaining 
      Life 
   (Years) |     | Aggregate 
 Intrinsic 
 Value     |   |
|:----------------------------------|:----|----------:|:--|:----|:---------|-----:|:----|----------:|:----|:----------|:--|
| Outstanding at January 1, 2023    |     | 6,346,687 |   |     | $