Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 16

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 16
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 loan over three years with interest rate of variable base rate minus a margin of 3.48% per annum for business growth and
working capital related to the crushing plant’s expansion.

On
February 14, 2024, the Company issued a note for an equipment loan to the Commonwealth Bank of Australia in an aggregate principal amount
of AUD$4,000,000 (the “Secured Bank Loan”). The note has a term of 60 months and a variable interest rate of 7.95%. The Secured
Bank loan is payable in twenty (20) quarterly payments of AUD$244,643, commencing on May 19, 2024. Commonwealth Bank of Australia, as
senior lender, has a total of $2 million secured by first mortgages over the Company’s freehold land and buildings. The financial
assets pledged as collateral represent a floating charge and cannot be disposed of without the consent of the financier.

Convertible
Note

In
connection with the closing of the Business Combination, the Company closed the private placement, pursuant to the private offering rules
under the Securities Act of 1933, as amended (the “Securities Act”), of the Arena Warrants and Debentures pursuant to the
Securities Purchase Agreement dated August 23, 2023 between the Company, AOI, EDOC, certain AOI subsidiaries and Arena Investors, LP
(the “PIPE Investors”) and executed the Arena Transaction Documents including the 10% Original Issue Discount Secured Convertible
Debenture, the Arena Warrant, the Registration Rights Agreement and related documents.

On
February 29, 2024, the Company entered into Amendment No.3 to the Securities Purchase Agreement for the purchase and sale of Debentures
and Warrants.

The
following table summarizes outstanding borrowings as of 31 March 2025 and 30 June 2024:

 Schedule of Borrowings

    Current  
    Non-Current  
    Total  
    Current  
    Non-Current  
    Total 

    Unaudited 31 March 2025  
    30 June 2024 

    AUD$  
    AUD$ 

    Current  
    Non-Current  
    Total  
    Current  
    Non-Current  
    Total 

    Equipment Finance secured bank loan 
     978,573  
     2,366,071  
     3,344,644