Exhibit 10.3
| To: | Mr. Josef Zelinger |
| CC: | Dr. Julian Kenyon |
| From: | Mr. James Nathanielsz |
| Subject: | Loan to Propanc Biopharma Inc. – Aggro Investments Pty Ltd |
Dear Josef Zelinger,
The Board of Directors at Propanc Biopharma Inc. (“Propanc”) confirm acceptance and receipt of funds for the sum of sixty-three thousand, one hundred and eighty-eight Australian dollars (AU$63,188.00) from Aggro Investments Pty Ltd (the “lender”) of 59 Seymour Road, Elsternwick, Vic 3185 (“address”).
The loan to Propanc is subject to the following terms & conditions:
| ● | Amount: AU$63,188.00 | |
| ● | Repayment Date: 30 June, 2025 (the borrower) | |
| ● | Commencement date: 12th April, 2025 | |
| ● | Interest rate: 12% pa payable monthly in arrears (default rate is 18% pa) |
| Sincerely, | |
| /s/ James Nathanielsz | |
| James Nathanielsz | |
| Chief Executive Officer |
| Approved by, | |
| /s/ Dr. Julian Kenyon | |
| Dr Julian Kenyon | |
| Director |
| Approved by, | |
| /s/ Josef Zellinger | |
| Mr Josef Zelinger | |
| Aggro Investments Pty Ltd |
p: +61 (0)3 9882 0780 a: 302/6 Butler Street, Camberwell, VIC 3124, AUSTRALIA w: www.propanc.com