NOTE 4: PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Sponsor and Benchmark purchased an aggregate of 500,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement. Of those 500,000 Private Placement Units, the Sponsor purchased 300,000 Private Placement Units and Benchmark purchased 200,000 Private Placement Units. Up to 30,000 additional Private Placement Units could be purchased by Benchmark depending on the extent to which the underwriters’ Over-Allotment Option was exercised within the 45-day period following the closing of the Initial Public Offering. On May 27, 2026, simultaneously with the closing of the underwriters’ full exercise of the Over-Allotment Option, 30,000 additional Private Placement Units were issued to Benchmark in a private placement, at a price of $10.00 per Private Placement Unit (Note 1). Each Private Placement Unit consists of one Private Placement Share and one Private Placement Right to receive one-fourth (1/4) of one Class A ordinary share upon the consummation of an initial Business Combination. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law).