Company: COOT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001641172-25-000118
Chunk: 33

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 33
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.                   |
| (2) | Mr. Wu served as Chief Financial Officer of the Company     
 since its inception until his resignation in February 2025. |

| 18 |

Executive Employment Arrangements

In connection with the closing of the Business Combination,
the Company entered into employment agreements with its two initial executive officers: Gary Seaton and Bob Wu. The employment agreements
provide for at-will employment that may be terminated by the Company with or without cause, by the executive with or without good reason,
or mutually terminated by the parties.

The executive employment agreement with Gary Seaton
as Chief Executive Officer and Chairman of the Board provides that Mr. Seaton will hold the position of Chief Executive Officer
with a base annual salary of AUD$150,000. Under the agreement, Mr. Seaton’s employment is at will and will continue until
either Mr. Seaton or the Company notifies the other party at least 60 days written notice of intent to terminate employment.
If. Mr. Seaton’s employment is terminated without cause, he is entitled to receive (i) continued base salary payments
for 6 months following termination; (ii) accrued but unpaid base salary through the termination date; (iii) reimbursement
for any unreimbursed pre-approved reasonable business expenses incurred through the termination date; (iv) accrued but unused
annual leave days; and (v) all other payments, benefits, or fringe benefits to which he shall be entitled as of the termination
date under the terms of any applicable compensation arrangement or benefit, equity, or fringe benefit plan or program or grant.

The executive employment agreement with Bob Wu as
Chief Financial Officer provided that Mr. Wu will hold the position of Chief Financial Officer with a base annual salary of AUD$100,000.
Under the agreement, Mr. Wu’s employment was at will until either Mr. Wu or the Company notifies the other party at least
60 days written notice of intent to terminate employment. If Mr. Wu’s employment was terminated without cause, he was
entitled to receive (i) continued base salary payments for 6 months following termination; (ii) accrued but unpaid base
salary through the termination date; (iii) reimbursement for any unreimbursed pre-approved reasonable business expenses incurred
through the termination date; (iv) accrued but unused annual leave days; and (v) all other payments, benefits, or fringe
benefits to which he shall be entitled as of the termination date under the terms of any applicable compensation arrangement or benefit,