Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 38

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 38
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 of the Business Combination, EDOC and/or the Company entered into or amended, as applicable, certain agreements
with their vendors or service providers, including the underwriter in EDOC’s IPO, to pay various business combination transaction
expenses otherwise due at Closing, including deferral agreements with vendors or service providers, requiring deferred cash payments
by the registrant to such parties to be satisfied over specified time periods after Closing, and certain other fee modification agreements
with vendors or service providers pursuant to which such parties received newly issued Ordinary Shares at Closing and/or deferred cash
payments (or a combination of both). Pursuant to such agreements, an aggregate of 840,891 Company Ordinary Shares (694,391 to Arc Group
Limited and 146,500 to I-Bankers Securities, Inc.) were issued to such providers.

In
addition, in connection with the closing of the Business Combination, the Company closed the private placement of the Arena Warrants
and Debentures pursuant to the Securities Purchase Agreement dated August 23, 2023 between the Company, AOI, EDOC, certain AOI subsidiaries
and Arena Investors, LP (the “PIPE Investors”) and executed the Arena Transaction Documents including the 10% Original Issue
Discount Secured Convertible Debenture, the Arena Warrant, the Registration Rights Agreement and related documents.

In
addition, at the Closing, the Company, the Primary Sellers, the Purchaser Representative, the Seller Representative and the Escrow Agent
entered into an escrow agreement (the “Subscription Escrow Agreement”), pursuant to which a number of Exchange Shares equal
to 15% of the estimated Exchange Consideration issuable to the Sellers at the Closing (such Exchange Shares, together with any equity
securities paid as dividends or distributions with respect to such shares or into which such shares are exchanged or converted the “Escrow
Shares”) are subject to the restrictions of the Escrow Agreement and shall be held by the Escrow Agent, along with any dividends,
distributions or income thereon (together with the Escrow Shares, the “Escrow Property”) in a segregated account (the “Escrow
Account”) and disbursed in accordance with the Business Combination Agreement and the Subscription Escrow Agreement. The Escrow
Shares will be held in the Escrow Account for a period of 12 months after the Closing and shall be the sole and exclusive source of payment
for any post-Closing purchase price adjustment and for any post-closing indemnification claims (other than