Loan Agreement between Susan Loizou and Propane Biopharma Inc. dated June 3, 2024
This agreement documents a loan of AUD 20,000 from Susan Loizou to Propane Biopharma Inc. The loan starts on June 3, 2024, with a 12% annual interest rate. The term is up to one year, but Propane Biopharma may choose to repay earlier. The agreement is signed by Propane Biopharma's CEO and a director, confirming receipt of funds and acceptance of the terms.
Exhibit 4.1
| To: | Dr Nick Loizou / Susan Loizou |
| CC: | Mr. Josef Zelinger |
| From: | Mr. James Nathanielsz |
| Subject: | Loan to Propane Biopharma Inc. |
Dear Susan Loizou,
The Board of Directors at Propane Blopharma Inc. (“Propane”) confirm acceptance and receipt of funds for the sum of twenty thousand Australian dollars (AUD 20,000) from Susan Loizou (the “Lender”) of 40 Highland Road, Keilor, Vic 3036 (“address”).
The loan to Propane is subject to the following terms & conditions:
| ● | Amount: A$20,000.00 | |
| ● | Term: 1 year or less at the discretion of Propane (the borrower). | |
| ● | Commencement date: 03 June 2024 | |
| ● | Interest rate: 12% pa |
Sincerely,
James Nathanielsz
Chief Executive Officer
Approved by,
Dr Julian Kenyon
Director
Approved by,
p: +61(0 ###-###-#### a: 302/6 Sutler Street, Camberwell, VIC 3124, AUSTRALIA w : www.propanc.com
