| SCHEDULE OF EXPENSES WITH RELATED PARTIES |
SCHEDULE
OF EXPENSES WITH RELATED PARTIES
| | |
Expense type | |
Year Ended December 31,2024 | | |
Period from
March 16, 2023
(inception) through
December 31, 2023 | |
| | |
| |
| | |
| |
| Expenses under contract due to: | |
| |
| | | |
| | |
| DRE Chicago LLC | |
Consulting expense | |
$ | 143,057 | | |
$ | - | |
| DRE Chicago LLC | |
Interest | |
| 1,979 | | |
| - | |
| DRE Chicago LLC | |
Finance charges | |
| 375,000 | | |
| - | |
| Endurance Antarctica Partners II, LLC | |
Interest | |
| 18,958 | | |
| - | |
| Endurance Antarctica Partners II, LLC | |
Finance charges | |
| 3,500,000 | | |
| - | |
| Finance charges | |
Finance charges | |
| 3,500,000 | | |
| - | |
| VIKASA Capital Partners LLC | |
Consulting expense | |
| - | | |
| 980,000 | |
| 7636 Holdings LLC | |
Consulting expense | |
| - | | |
| 180,806 | |
| VIKASA Capital LLC | |
Consulting expense | |
| - | | |
| 171,213 | |
| Consulting expense | |
Consulting expense | |
| - | | |
| 171,213 | |
| Energy Transition Investors LLC* | |
Interest | |
| - | | |
| 5,333 | |
| VIKASA Clean Energy I LP* | |
Interest | |
| - | | |
| 1,138 | |
| Roshan Pujari* | |
Interest | |
| - | | |
| 640 | |
| Interest | |
Interest | |
| - | | |
| 640 | |
| Total expenses | |
| |
$ | 4,038,994 | | |
$ | 1,339,130 | |
| | |
| |
| | | |
| | |
| Other expenses paid on the Company’s behalf due to: | |
| |
| | | |
| | |
| DRE Chicago LLC | |
| |
$ | 6,679 | | |
$ | - | |
| VIKASA Capital LLC | |
| |
| - | | |
| 34,318 | |
| VIKASA Capital Partners LLC | |
| |
| - | | |
| 9,868 | |
| Total other expenses paid on the Company’s behalf | |
| |
| 6,679 | | |
| 44,186 | |
| Total | |
| |
$ | 4,045,673 | | |
$ | 1,383,316 | |
|
| SCHEDULE OF RELATED PARTIES |
SCHEDULE
OF RELATED PARTIES
| | |
| |
Year Ended
December 31, 2024 | | |
Period from March 16, 2023 (inception) through December
31, 2023 | |
| | |
| |
| | |
| |
| Energy Transition Investors LLC* | |
Notes payable | |
$ | - | | |
$ | 750,000 | |
| VIKASA Clean Energy I LP* | |
Notes payable | |
| - | | |
| 160,000 | |
| Roshan Pujari* | |
Notes payable | |
| - | | |
| 90,000 | |
| DRE Chicago LLC | |
Interest Accrued | |
| 1,979 | | |
| - | |
| Endurance Antarctica Partners II, LLC | |
Interest Accrued | |
| 18,958 | | |
| - | |
| DRE Chicago LLC** | |
Short-term loan** | |
| 625,000 | | |
| - | |
| Endurance Antarctica Partners II, LLC** | |
Short-term loan** | |
| 5,250,000 | | |
| - | |
| Notes obtained from related parties | |
| |
$ | 5,895,937 | | |
$ | 1,000,000 | |
| * | | VIKASA Capital LLC
facilitated the initial funding of the notes obtained on behalf of the related parties. |
| ** | | Short-term loan includes Equity Kicker payable as per the terms of the loan agreement. |
|