Note 7 — Notes Receivable, Related Party

In January 2025, February 2025, and March 2025, the Company entered into four additional unsecured promissory notes with the managing member of the Company in the amounts of $502,000, $250,000, $620,000, and $308,000 (the “Q1 2025 Related Party Notes”) such that the managing member of the Company in his individual capacity could make a foreign direct investment for the benefit of the Company. The Q1 2025 Related Party Notes are non-interest bearing and mature on the earlier of (a) the Closing or (b) December 31, 2025. For the three months ended March 31, 2025 and for the period from February 8, 2024 (inception) to March 31, 2024, an allowance for credit losses of $840,000 and $0, respectively, related to the Q1 2025 Related Party Notes were included in the accompanying statement of operations.