Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 31

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 31
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Second Promissory Note”) to American Physicians, LLC.

The
First 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
First Promissory Note principal and accrued interest are due and payable as follows:

(i)
USD$112,500 plus any accrued but unpaid interest shall be paid on September 21, 2024;

(ii)
USD$112,500 plus any accrued but unpaid interest 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 31 March 2025, 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.

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 31 March 2025, 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.

Accrued
interest on the First Promissory Note and the Second Promissory Note was AUD$49,928 and AUD$24,964 as of 31 March 2025 and 30 June 2024,
respectively.

The
following table