Company: COOT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001641172-25-000118
Chunk: 27

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 27
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| Kevin Chen                 |     |         X |     |            X |     |                        X |
| Number of Meetings in 2024 |     |         8 |     |            0 |     |                        5 |

Audit Committee Function

The Audit Committee (a) assists the Board in fulfilling
its oversight of: (i) the quality and integrity of the Company’s financial statements; (ii) the Company’s compliance with
legal and regulatory requirements relating to the Company’s financial statements and related disclosures; (iii) the qualifications
and independence of the Company’s independent auditors; and (iv) the performance of the Company’s independent auditors and
the Company’s internal audit function; and (b) prepares any reports that the rules of the SEC required be included in the Company’s
annual proxy statement. The Audit Committee also reviews and approves all related party transactions, as described in more detail elsewhere
in this proxy statement.

The Audit Committee is responsible for the oversight
of the Company’s financial reporting process on behalf of the Board and such other matters as specified in the Audit Committee’s
charter or as directed by the Board. Our Audit Committee is directly responsible for the appointment, compensation, retention and oversight
of the work of any registered public accounting firm engaged by us for the purpose of preparing or issuing an audit report or performing
other audit, review or attest services for us (or to nominate the independent registered public accounting firm for shareholder approval),
and each such registered public accounting firm must report directly to the Audit Committee. Our Audit Committee must approve in advance
all audit, review and attest services and all non-audit services (including, in each case, the engagement and terms thereof) to be performed
by our independent auditors, in accordance with applicable laws, rules and regulations.

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Our Board has determined that each member of the
Audit Committee is financially literate in accordance with the rules of Nasdaq and is independent under Nasdaq’s director independence
standards and applicable SEC rules. In addition, the Board has determined that Mr. Gowri Shankar qualifies as an “audit
committee financial expert” as defined by SEC rules.

Compensation Committee

The Compensation Committee (i) assists the Board
in discharging its responsibilities with respect to compensation of the Company’s executive officers and directors, (ii) evaluates
the performance of the executive officers of the Company, and (iii) administers the Company’s stock and incentive compensation
plans and recommends changes in such plans to the