Loan Agreement between Propane Biopharma Inc. and Paul Mazor dated June 5, 2024
Propane Biopharma Inc. has received a loan of AUD 100,000 from Paul Mazor. The loan has a term of one year, or can be repaid earlier at Propane's discretion, and carries an annual interest rate of 12%. The agreement is effective from June 5, 2024. The document is signed by representatives of both Propane Biopharma Inc. and Paul Mazor, confirming the terms and receipt of funds.
Exhibit 4.2
| To: | Mr. Paul Mazor |
| CC: | Mr. Josef Zelinger |
| From: | Mr. James Nathanielsz |
| Subject: | Loan to Propane Biopharma Inc. |
Dear Mr. Mazor,
The Board of Directors at Propane Biopharma Inc. (“Propane’’) confirm acceptance and receipt of funds for the sum of one hundred thousand Australian dollars (AUD 100,000) from Paul Mazor (the “lender’’) of Apt 2903, 389/1413 The Peak Towers, M. Kasetsin 9 Rd. Nong Prue, Banglamuang, Chonburi, Thailand 20150 (“address’’).
The loan to Propane is subject to the following terms & conditions:
| ● | Amount: A$100,000.00 | |
| ● | Term: 1 year or earlier at the discretion of the borrower. | |
| ● | Commencement date: 05 June 2024 | |
| ● | Interest rate: 12% pa |
Sincerely,
James Nathanielsz
Chief Executive Officer
Approved by,
Dr Julian Kenyon
Director
Approved by,
Mr Paul Mazor
Investor
p: +61 (0)3 9882 0780 a: 302/6 Butler Street, Camberwell, VIC 3124, AUSTRALIA w: www.propanc.com
