Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 29

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 29
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 shall be paid on December 21, 2024;

(iii)
USD $112,500 plus any accrued but unpaid interest shall be paid on March 21, 2025;

(iv)
USD$112,500 plus any accrued but unpaid interest shall be paid on June 21, 2025.

As
of 30 September 2024, and 30 June 2024, there was AUD$690,184 (USD$450,000) and AUD$690,184 (USD$450,000) outstanding under the First
Promissory Note, respectively.

     26 

The
Second Promissory Note accrues interest on the principal outstanding from time to time at a rate per annum equal to term SOFR for the
interest period commencing on March 21, 2024. Interest shall be calculated on the basis on a 360-day year and actual days elapsed. The
Second Promissory Note principal and accrued interest are due and payable as follows:

(i)
USD$165,000 plus any accrued but unpaid interest shall be paid on June 21, 2025;

(ii)
USD$165,000 plus any accrued but unpaid interest shall be paid on September 21, 2025;

(iii)
Remaining balance plus any accrued but unpaid interest shall be paid on December 21, 2025.

As
of 30 September 2024, and 30 June 2024, there was AUD$526,744 (USD$343,437) and AUD$526,744 (USD$343,437) outstanding under the Second
Promissory Note. As of June 30, 2023, there was nothing outstanding under the Second Promissory Note.

Accrued
interest on the First Promissory Note and the Second Promissory Note was AUD$49,928 and AUD$24,964 as of 30 September 2024 and 30 June
2024, respectively.

The
following table summarizes the promissory notes – related party as of 30 September 2024 and 30 June 2024:

 Schedule
of Promissory Notes Related Party

    Unaudited 
    30
    September 2024 

    30
    June 2024

    AUD$

    AUD$

    Current

    Non-Current

    Total

    Current

    Non-Current

    Total

    Promissory
    notes – related party

    993