Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 35

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 35
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    $21  
    $79,207  
    $146,730  
    $238,613 
  
    Change
    in fair value 
     -  
     -  
     -  
     -  
     - 
  
    Fair
    value as of 31 March 2025 
    $12,655  
    $21  
    $79,207  
    $146,730  
    $238,613 

There
were no significant changes to fair values of above instruments from 30 June 2024 to 31 March 2025.

    23

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