Company: COOT
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001641172-25-004895
Chunk: 162

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-04-15
Form: S-1
Chunk 162
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 (A) Event of
Default (as defined in the First Closing Debenture), (B) the satisfaction of all of the Company’s obligations under the First Closing
Debenture on or before the maturity date of the First Closing Debenture, and (C) the date 100% of the Sponsor Escrow Amount has been disbursed
from the escrow account, upon the conversion by the Purchaser of portions of the outstanding principal amount of the First Closing Debenture
in the amounts set forth in the schedule below, the Purchaser shall, within five (5) Business Days following the date the Underlying Shares
resulting from the applicable conversion are delivered to the Purchaser in accordance with the terms of the First Closing Debenture, send
written notice to the Sponsor Escrow Agent to disburse to the Sponsor a portion of the Sponsor Escrow Amount in the amount of USD$200,000
(each a “Sponsor Disbursement” and collectively, the “Sponsor Disbursements”):

(A) an initial Sponsor Disbursement shall be released upon
the conversion of USD$1,422,222 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$800,000);

(B) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$600,000);

(C) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$400,000);

(D) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$200,000); and

(E) a further Sponsor Disbursement shall be released upon
the conversion of USD$200,000 of the outstanding principal amount of the First Closing Debenture (such that following such conversion,
the outstanding principal amount of the First Closing Debenture is USD$0).”

Warrants

As additional consideration for the Purchaser’s purchase of Deb