Company: COOT
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010068
Chunk: 174

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-14
Form: S-1/A
Chunk 174
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 to purchase the Company’s Ordinary Shares
(each, as the same may be amended, amended and restated or otherwise modified from time to time, a “Warrant”, and collectively,
the “Warrants”). Each such Warrant shall, among other things, (i) provide for the purchase by the Purchaser of a number of
Ordinary Shares (the “Warrant Shares”) equal to 25% of the total principal amount of the related Debenture purchased by the
Purchaser on the applicable Closing Date hereunder divided by 92.5% of the average of the three (3) lowest daily VWAP of the Ordinary
Shares for the ten (10) consecutive Trading Day period ended on the last Trading Day immediately preceding such Closing Date, subject
to adjustment upon the occurrence of 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