Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 36

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 36
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 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 (3) business days following the consummation of such
    Capital Event of at least twenty percent (20%) of the Proceeds, up to the amount of any then-outstanding Deferred Cash Payment Obligations.

As
of 31 March 2025 and 30 June 2024, the Company has paid Nil and USD$1,550,000, respectively of the Owed Amounts to IBS and AUD$1,781,058
and AUD$1,781,058 are outstanding and recorded in trade and other payables, respectively, in the accompanying statement of financial
position.

In
June 2024, the Company entered into a payment agreement with Ellenoff Grossman & Schole LLP (“EGS”) related to the fees
owed to EGS at the closing of the Business Combination for which EGS provided legal representation to EDOC regarding the Business Combination.
Pursuant to the agreement, the EGS agreed to reduce the amount owed by the Company by USD$250,000 to USD$2,100,000 to be paid in payments
beginning in June 2024 and ending in December 2025. The Company agreed to pay monthly payments of USD$100,000 per month, with the exception
of a payment of USD$200,000 in December 2024 and December 2025.

As
of 31 March 2025, the Company has paid USD$1,100,000 and USD$750,000 is outstanding and recorded in trade and other payable in the accompanying
consolidated statement of financial position.

24.
Net Tangible Assets

Net
tangible assets per ordinary share have been determined using the net assets on the consolidated statement of financial position adjusted
for non-controlling interests, intangible assets and goodwill.

25.
Events Occurring After the Reporting Date

The
consolidated financial report was authorized for issue by the board of directors.

We
have received conversion notice on 28th April 2025 from Arena Investors, LP ((the