Company: COOT
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001641172-25-004895
Chunk: 161

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-04-15
Form: S-1
Chunk 161
---
enture issued
by the Company in the amount of the Second Closing Principal Amount of USD$2,777,777 (the “Second Closing Debenture”), and
on the Third Closing Date, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, a 10% original
issue discount secured convertible debenture issued by the Company in the amount of the Third Closing Principal Amount of USD$2,777,777
(the “Third Closing Debenture”, and together with the First Closing Debenture and the Second Closing Debenture, each as the
same may be amended, amended and restated or otherwise modified from time to time, a “Debenture”, and collectively, the “Debentures”).
The Second Closing Debenture and the Third Closing Debenture shall mature on the date that is eighteen (18) months from the First Closing
Date.”

| F-20 |

Sponsor Escrow Amount

As an additional condition precedent to the Purchaser’s
obligation to consummate the first Closing, on or prior to the First Closing Date, the Company shall cause the Sponsor to fund USD$1,000,000
in immediately available funds (the “Sponsor Escrow Amount”) into an escrow account designated by the Purchaser subject to
an escrow agreement in form and substance satisfactory to the Purchaser by and among the Purchaser, the Sponsor and the Sponsor Escrow
Agent (the “Sponsor Escrow Agreement”), which Sponsor Escrow Agreement shall provide, among other things, that (i) the Sponsor
Escrow Agent may not disburse any portion of the Sponsor Escrow Amount from the escrow account unless directed to do so by written notice
from the Purchaser to the Sponsor 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