Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 167

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 167
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 Escrow Agent, (ii) upon the occurrence of an Event of Default (as defined in the First Closing Debenture),
the Purchaser may send notice to the Sponsor Escrow Agent to disburse 100% of the funds then held in the escrow account to the Purchaser,
and upon receipt of such notice the Sponsor Escrow Agent shall disburse 100% of the funds then held in the escrow account to the Purchaser
for the account of the Purchaser, to be applied towards the obligations of the Company then owing to the Purchaser under the Transaction
Documents; and (iii) from time to time during the period beginning from the first Closing until the earlier to occur of an (A) Event of
Default (as defined in the First Closing Debenture), (B) the satisfaction of all of the Company’s obligations under the First Closing
Debenture on or before the maturity date of the First Closing Debenture, and (C) the date 100% of the Sponsor Escrow Amount has been disbursed
from the escrow account, upon the conversion by the Purchaser of portions of the outstanding principal amount of the First Closing Debenture
in the amounts set forth in the schedule below, the Purchaser shall, within five (5) Business Days following the date the Underlying Shares
resulting from the applicable conversion are delivered to the Purchaser in accordance with the terms of the First Closing Debenture, send
written notice to the Sponsor Escrow Agent to disburse to the Sponsor a portion of the Sponsor Escrow Amount in the amount of USD$200,000
(each a “Sponsor Disbursement” and collectively, the “Sponsor Disbursements”):

(A) an initial Sponsor Disbursement shall be released upon
the conversion of USD$1,422,222 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$800,000);

(B) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$600,000);

(C) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount