Company: COOT
Filing Date: 2025-06-23
Form Type: S-1/A
Source: 0001641172-25-016159
Chunk: 173

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-23
Form: S-1/A
Chunk 173
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 certain events as set forth in such Warrant and be exercisable at the Exercise Price. (Note 14)

Closings

There may be up to three (3) Closings until such time as
the earlier to occur of (1) subscriptions for the sale of the Debentures hereunder in an aggregate principal amount equal to the Aggregate
Subscription Amount are funded by the Purchaser and (2) the termination of the Agreement.

Penny Warrants

The Company agrees that in the event that (i) the
Company fails to transfer all of Energreen’s equity interests in CQ Oilseeds to the Company such that CQ Oilseeds becomes a
wholly-owned subsidiary of the Company on or prior to the development and construction of CQ Oilseeds Facility (the
“Facility”) so that the Facility may be occupied and utilized for its intended use and the first 100 pounds of oil seeds
are processed by the Facility (the “Substantial Completion Date”), (ii) the Company fails to achieve the transfer of the
Australian Crushing Plant Lease from Energreen to CQ Oilseeds on or prior to the Substantial Completion Date, (iii) CQ Oilseeds
fails to grant to the Purchaser a first priority security interest in all of its assets, free and clear of all other liens and
encumbrances other than the first priority security interest of the Purchaser pursuant to Australian Oilseeds General Security Deed
and the Australian Leasehold Mortgage on or prior to the Substantial Completion Date, and/or (iv) any of CQ Oilseeds, Energreen, or
the Company fails to comply with, or breaches any of the covenants in any Transaction Document, then (i) the Company shall issue to
the Purchaser a warrant to purchase ten
million (10,000,000) Ordinary Shares (the “Penny Warrants”) at an exercise price of USD$0.01
per Ordinary Share. (Note 14)

The following table summarizes outstanding borrowings as
of June 30, 2024 and 2023:

Schedule of Borrowings

|                                        |     | Current 
 2024    
 AUD$    
 Current |           |     | Non-Current 
 Non-Current |           |     | Total 
 Total |           |     | Current 
 2023    
 AUD$    
 Current |         |     | Non-Current 
 Non-Current |           |     | Total