Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 187

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 187
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 |                 |          - |
| Founder shareholders and other advisors          |     |                 | 2,666,900 |     |                 |          - |
| Total shares issued to SPAC                      |     |                 | 3,733,068 |     |                 |          - |
| Diluted share price at Closing Date              |     |                 |      4.32 |     |                 |          - |
| Total value transferred to the SPAC              |     |                 |         - |     |                 | 16,126,854 |
| Recapitalization costs                           |     |                 |         - |     |                 | 23,210,293 |

| F-29 |

31 Commitments and Contingencies

In the opinion of the Directors, the Company did not have any contingencies on 30 June 2024 (30 June 2023: nil).

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