Company: COOT
Filing Date: 2025-06-23
Form Type: S-1/A
Source: 0001641172-25-016159
Chunk: 185

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-23
Form: S-1/A
Chunk 185
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 respectively.

Promissory Notes

On March 21, 2024, the Company issued two promissory notes in the principal amounts of USD$ 450,000(the “First Promissory Note”) and USD$ 500,000(the “Second Promissory Note”) to American Physicians, LLC.

The First Promissory Note accrues interest on the principal outstanding from time to time at a rate per annum equal to term SOFR for the interest period commencing on March 21, 2024. Interest shall be calculated on the basis on a 360-day year and actual days elapsed. The First Promissory Note principal and accrued interest are due and payable as follows:

(i) USD$ 112,500plus any accrued but unpaid interest shall be paid on September 21, 2024;

(ii) USD$ 112,500plus any accrued but unpaid interest shall be paid on December 21, 2024;

(iii) USD $ 112,500plus any accrued but unpaid interest shall be paid on March 21, 2025;

(iv) USD$ 112,500plus any accrued but unpaid interest shall be paid on June 21, 2025.

As of June 30, 2024, there was AUD$ 690,184(USD$ 450,000) outstanding under the First Promissory Note. As of June 30, 2023, there was nothing outstanding under the First Promissory Note.

The Second Promissory Note accrues interest on the principal outstanding from time to time at a rate per annum equal to term SOFR for the interest period commencing on March 21, 2024. Interest shall be calculated on the basis on a 360-day year and actual days elapsed. The Second Promissory Note principal and accrued interest are due and payable as follows:

(i) USD$ 165,000plus any accrued but unpaid interest shall be paid on June 21, 2025;

(ii) USD$ 165,000plus any accrued but unpaid interest shall be paid on September 21, 2025;

(iii) Remaining balance plus any accrued but unpaid interest shall be paid on December 21, 2025.

As of June 30, 2024, there was AUD$ 526,744(USD$ 343,437) outstanding under the Second Promissory Note. As of June 30, 2023, there was nothing outstanding under the Second Promissory Note.