Company: COOT
Filing Date: 2025-06-18
Form Type: S-1/A
Source: 0001641172-25-015645
Chunk: 221

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-18
Form: S-1/A
Chunk 221
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5.

| F-54 |

23. Commitments and Contingencies

In the opinion of the Directors, the Company did not have any contingencies on 31 March 2025 and 30 June 2024.

Other Commitments

On March 21, 2024, the Company entered into a fee modification agreement (the “Agreement”) with I-Bankers Securities, Inc. (“IBS”) related to the fees owed to IBS at the closing of the Business Combination pursuant to the original retainer letter (the “Owed Amounts”), for which IBS provided financial representation to EDOC regarding the Business Combination. Pursuant to the Agreement, IBS agreed to accept a payment plan for the Owed Amounts as follows:

| (a) | USD$1,550,000                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 of the Owed Amounts were paid to IBS                                                                                                                                                                                                                                                                                                                                                                                                                                          
 at the closing of the Business Combination directly out of the Trust Account.                                                                                                                                                                                                                                                                                                                                                                                                 |
| (b) | The                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 remaining balance owed of USD$1,161,250                                                                                                                                                                                                                                                                                                                                                                                                                                       
 is to be paid after the closing of                                                                                                                                                                                                                                                                                                                                                                                                                                            
 the Business Combination in up to three separate tranches (“Deferred Cash Payment Obligations”). The first payment is to be paid within three (3) business days of funding the second tranche of the Arena PIPE in an amount equal to at least 15% of that tranche, or USD$375,000. The second payment is to be paid within three (3) business days of funding of the third tranche of the Arena PIPE in an amount equal to at least 15% of that tranche, or USD$375,000. The 
 balance is due at the Company’s discretion but at no time later than 16-months post Business Combination. The full amount of                                                                                                                                                                                                                                                                                                                                                  
 USD$1,161,250                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 shall be paid in full regardless of                                                                                                                                                                                                                                                                                                                                                                                                                                           
 Arena PIPE funding and by no later than sixteen (16) months post-closing.                                                                                                                                                                                                                                                                                                                                                                                                     |
| (c) | Deferred                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 Cash Payment Obligations shall be accelerated in the event the Company issues debt, equity, or other equity-linked securities in                                                                                                                                                                                                                                                                                                                                              
 one or more public or private offerings (“Capital Event”). Upon the occurrence of a Capital Event the Company shall pay                                                                                                                                                                                                                                                                                                                                                       
 from the Proceeds of the applicable capital sources within no more than three