Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 168

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 168
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 of the First Closing Debenture is USD$400,000);

(D) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$200,000); and

(E) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$0).”

Warrants

As additional consideration for the Purchaser’s purchase of Debentures,
the Company shall issue to the Purchaser, simultaneously with the issuance of each Debenture purchased by the Purchaser from the Company
on the applicable Closing Date, a warrant 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