Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 173

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 173
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 Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for stock      
 splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30-trading day period ending on       
 the third trading business day prior to the notice of redemption to warrant holders, and                                                |
| ● | if,                                                                                                                                     
 and only if, there is a current registration statement in effect with respect to the issuance of the Class A ordinary shares underlying 
 such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day until        
 the date of redemption.                                                                                                                 |

| F-23 |

Arena Ordinary Share Warrants

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. The Ordinary Shares pursuant to the Arena Warrants
grant the PIPE Investors the right to purchase the number of Ordinary Shares underlying the Warrants equal to 25% of the total principal
amount of the related Debenture purchased by the PIPE Investor on the applicable closing date divided by 92.5% of the average of the three
(3) lowest daily VWAP of the Ordinary Shares for the ten (10) consecutive trading day period ended on the last trading day immediately
preceding such closing date, subject to adjustment upon the occurrence of certain events as set forth in such Arena Warrant be exercisable
at the exercise price set forth in the Arena Warrants, as may be adjusted pursuant to the terms of the Arena Warrants.

Penny Warrants

In connection with the Amendment No. 3 to the Securities
Purchase Agreement the Company agrees that in the event that (w) the Company fails to achieve the transfer of all of Energreen’s
equity interests in CQ Oilseeds to the Company such that CQ Oilseeds becomes a wholly-owned subsidiary of the Company on or prior to the
Substantial Completion Date, (x) the Company