Document:

Exhibit 10.5

 

GOLDENSTONE ACQUISITION LIMITED 

4360 E New York St.

Aurora, IL 60504

 

March 16, 2022

 

Windfall Plaza Management, LLC

4360 E New York St.

Aurora, IL 60504

 

Re: Administrative Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and
between Goldenstone Acquisition Limited (the “Company”) and Windfall Plaza Management, LLC (“Windfall”)
will confirm our agreement that, commencing on the date the securities of the Company are first listed on The Nasdaq Capital Market (the
“Listing Date”), pursuant to a Registration Statement on Form S-1 (Registration No. 333-257209) and related prospectus
filed with the U.S. Securities and Exchange Commission (the “Registration Statement”) and continuing until the earlier
of the consummation by the Company of an initial business combination (as defined in the Registration Statement) or the Company’s
liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination
Date”):

 

(i) Windfall shall make available,
or cause to be made available, to the Company, at 4360 E New York St., Aurora, IL 60504 (or any successor location of Windfall), certain
office space, utilities and secretarial and administrative support as may be reasonably required by the Company. In exchange therefor,
the Company shall pay Windfall the sum of $2,000 per month on the Listing Date and continuing monthly thereafter until the Termination
Date; and

 

(ii) Windfall hereby
irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this
letter agreement in or to, and any and all right to seek payment of any amounts due to it (each, a “Claim”) out of,
the trust account established for the benefit of the public stockholders of the Company and into which substantially all of the proceeds
of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives
any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies
or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against
the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes
the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may
not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto. 

 

No party hereto may assign
either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other
party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign
any interest or title to the purported assignee.

 

This letter agreement constitutes
the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law
or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of law principles.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 	 
	 	GOLDENSTONE ACQUISITION LIMITED
	 	 	 
	 	By:	 
	 	Name:	Eddie Ni
	 	Title:	Chief Executive Officer and President
	 	 	 
	 	AGREED TO AND ACCEPTED BY:
	 	 	 
	 	WINDFALL PLAZA MANAGEMENT, LLC
	 	 	 
	 	By:	 
	 	Name: 	Eddie Ni
	 	Title:	Authorized Representative

 

Signature Page to Administrative Support AgreementExhibit 10.6

 

Goldenstone
Acquisition Limited

4360
E New York St.

Aurora,
IL 60504

 

Ladies
and Gentlemen:

 

Goldenstone
Acquisition Limited (the “Company”), a blank check company formed for the purpose of acquiring one or more businesses or
entities (a “Business Combination”), intends to register its securities under the Securities Act of 1933, as amended (“Securities
Act”), in connection with its initial public offering (“IPO”), pursuant to a registration statement on Form S-1 (“Registration
Statement”).

 

The
undersigned hereby commit that they will purchase, in the aggregate, 325,000 units of the Company (“Private Units”), each
Private Unit consisting of one share of common stock of the Company, $0.0001 par value (the “Common Stock”), one warrant
(the “Warrants”) entitling its holder to purchase one-half (1/2) of one share of common stock, and one right to receive one-tenth
(1/10) of a share of common stock (each a “Right”), at $10.00 per Private Unit, for a purchase price of $3,250,000 (the “Private
Unit Purchase Price”).

 

The
undersigned hereby agree that they will purchase an additional amount of units of the Company (“Over-Allotment Units”), up
to a maximum of 26,250 Over-Allotment Units, or a maximum purchase price of $262,500 (“Over-Allotment Unit Purchase Price”,
together with the Private Unit Purchase Price, the “Purchase Price”), in the event that Maxim Group LLC (the “Underwriter”)
exercises its over-allotment option, such that the amount held in the trust account (as described in the Registration Statement, the
“Trust Account”) does not fall below $10.15 per share for each share of Common Stock sold in the IPO.

 

Exhibit
A sets forth the number of Private Units being purchased by each party hereto.

 

At
least twenty-four (24) hours prior to the pricing of the IPO, the undersigned will cause the Purchase Price to be delivered to an escrow
account with Loeb & Loeb LLP (“Loeb”), counsel for the Company, by wire transfer as set forth in the instructions attached
as Exhibit B to hold in a non-interest bearing account until the Company consummates the IPO.

 

The
consummation of the purchase and issuance of the Private Units shall occur simultaneously with the consummation of the IPO. Simultaneously
with the consummation of the IPO, Loeb shall deposit the Purchase Price, without interest or deduction, into the trust fund (“Trust
Fund”) established by the Company for the benefit of the Company’s public stockholders as described in the Registration Statement.
If the Company does not complete the IPO within ten (10) days from the date of this letter, the Purchase Price (without interest or deduction)
will be returned to the undersigned.

 

Each
of the Company, and the undersigned acknowledges and agrees that Loeb is serving hereunder solely as a convenience to the parties to
facilitate the purchase of the Private Units and Loeb’s sole obligation under this letter agreement is to act with respect to holding
and disbursing the Purchase Price as described above. Loeb shall not be liable to the Company, Maxim or the undersigned or any other
person or entity in respect of any act or failure to act hereunder or otherwise in connection with performing its services hereunder
unless Loeb has acted in a manner constituting gross negligence or willful misconduct. The Company and the undersigned shall indemnify
Loeb against any claim made against it (including reasonable attorney’s fees) by reason of it acting or failing to act in connection
with this letter agreement except as a result of its gross negligence or willful misconduct. Loeb may rely and shall be protected in
acting or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine
and to have been signed or presented by the proper party or parties.

 

The
Private Units will be identical to the units to be sold by the Company in the IPO. Additionally, the undersigned agrees:

 

		●	to
vote the Common Stock included in the Private Units in favor of any proposed Business Combination;

 

     

     

    

 

		●	not
to propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate of Incorporation that would affect
the substance or timing of the Company’s obligation to redeem 100% of the Company’s Common Stock sold in the IPO if the Company
does not complete an initial Business Combination within 12 months from the closing of the IPO (or up to 21 months, as applicable), unless
the Company provides the holders of Common Stock sold in the IPO with the opportunity to redeem their Common Stock upon approval of any
such amendment at a per-share price, payable in cash, equal to the aggregate amount of the Trust Fund, including interest earned on Trust
Fund and not previously released to the Company to pay the Company’s franchise and income taxes, divided by the number of then
outstanding Common Stock sold in the IPO;

 

		●	not
to convert any Common Stock included in the Private Units into the right to receive cash from the Trust Fund in connection with a stockholder
vote to approve either a Business Combination or an amendment to the provisions of the Company’s Amended and Restated Certificate
of Incorporation and not to tender the Private Units in connection with a tender offer conducted prior to the closing of a Business Combination;

 

		●	the
undersigned will not participate in any liquidation distribution with respect to the Private Units (but will participate in liquidation
distributions with respect to any units or Common Stock purchased by the undersigned in the IPO or in the open market) if the Company
fails to consummate a Business Combination;

 

		●	that
the Private Units and underlying securities will not be transferable until after the consummation of a Business Combination except (i)
to the Company’s pre-IPO stockholders, or to the Company’s officers, directors, advisors and employees, (ii) transfers to
the undersigned’s affiliates or its members upon its liquidation, (iii) to relatives and trusts for estate planning purposes, (iv)
by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) by private sales
made in connection with the consummation of a Business Combination at prices no greater than the price at which the Private Units were
originally purchased or (vii) to the Company for cancellation in connection with the consummation of a Business Combination, in each
case (except for clause vii) where the transferee agrees to the terms of the transfer restrictions; and

 

		●	the
Private Units will include any additional terms or restrictions as is customary in other similarly structured blank check company offerings
or as may be reasonably required by the underwriters in the IPO in order to consummate the IPO, each of which will be set forth in the
Registration Statement.

 

The
undersigned acknowledges and agrees that the purchaser of the Private Units will execute agreements in form and substance typical for
transactions of this nature necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as
are reasonably acceptable to the undersigned, including but not limited to an insider letter.

 

The
undersigned hereby represents and warrants that:

 

		(a)	it
has been advised that the Private Units have not been registered under the Securities Act;

 

		(b)	it
will be acquiring the Private Units for its account for investment purposes only;

 

		(c)	it
has no present intention of selling or otherwise disposing of the Private Units in violation of the securities laws of the United States;

 

		(d)	it
is an “accredited investor” as defined by Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended;

 

		(e)	it
has had both the opportunity to ask questions and receive answers from the officers and directors of the Company and all persons acting
on its behalf concerning the terms and conditions of the offer made hereunder;

 

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		(f)	it
is familiar with the proposed business, management, financial condition and affairs of the Company;

 

		(g)	it
has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated herein or needed to consummate
the transactions contemplated in this letter; and

 

		(h)	this
letter constitutes its legal, valid and binding obligation, and is enforceable against it.

 

This
letter agreement constitutes the entire agreement between the undersigned and the Company with respect to the purchase of the Private
Units, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral,
with respect to the same.

 

	 	Very truly yours,
	 	 	 
	 	GOLDENSTONE HOLDING, LLC
	 	 	 
	 	By:	 
	 	Name: 	Eddie Ni
	 	Title:	Director 
	 	 	 
	 	Asia Pacific
    Capital Management Limited
	 	 	 
	 	By:	 
	 	Name: 	Yongsheng Liu
	 	Title:	Director 
	 	 	 
	 	Raymond Charles
    Holding, LLC
	 	 	 
	 	By:	 
	 	Name: 	Ray Chen
	 	Title:	Director 

 

	Accepted and Agreed:	 
	 	 	 	 
	GOLDENSTONE ACQUISITION LIMITED 	 
	 	 	 	 
	By:	 	 
	 	Name:  	Eddie Ni	 
	 	Title:	Chief Executive Officer	 

 

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Exhibit
A

 

	Subscriber	Units
    – Base Offering	Units
    – Over-Allotment
	 	 	 
	 	 	 
	 	 	 

 

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Exhibit
B

 

Wire
Instructions

 

Bank
Name: Citigroup Private Bank

	Bank Address:	153 East 53rd Street

New
York, NY 10022

Account
Name: Loeb & Loeb LLP – Trust Account

Account
Number: 24576266

Routing/ABA
Number (Domestic Wires): 021000089

Swift
Code (Foreign Wire): CITIUS33

Note:
Goldenstone 236454/10001

 

 

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