On June 14, 2023, Goldenstone Acquisition Limited issued an unsecured promissory note in the aggregate principal amount of $550,000 to Goldenstone Holding, LLC. Pursuant to the Note, the Sponsor agreed to loan to the Company an aggregate amount of $550,000, payable promptly upon the earlier to occur of either the closing of the Company’s initial business combination, or December 31, 2023. The Note is not convertible, and the Note does not bear interest.

The proceeds of the Note will be used by the Company to pay various expenses of the Company, including any payment to extend the period of time the Company has to consummate an initial business combination, and for working capital purposes.