Amended Independent Contractor Services Agreement between Propanc Biopharma, Inc. and Howard Isaacs & Richard Cavalli
Propanc Biopharma, Inc. has entered into a three-year agreement with Howard Isaacs and Richard Cavalli, who will provide consulting services to increase investor awareness of the company. Each contractor will receive 750,000 shares of Propanc Biopharma, Inc. as compensation. The contractors are classified as independent contractors, not employees, and are responsible for their own taxes and expenses. The agreement specifies that services must be performed to professional standards and runs from January 13, 2025, to January 13, 2028.
Exhibit 10.56
INDEPENDENT CONTRACTORS SERVICES AGREEMENT
This Amended Independent Contractor Services Agreement (“Agreement”) is effective as of the 13th day of January 2025, and is by and between Propanc Biopharma, Inc., 302, 6 Butler Street Camberwell, VIC 3124 Australia, Howard Isaacs, (Contractor), 5844 Graves Avenue, Encino, CA 91316, and Richard Cavalli, (Contractor), 3005 NW Craftsman Dr., Bend, OR 97703.
Engagement of Services
Company agrees to hire Contractors and Contractors agree to provide consulting services to increase investor awareness of Propanc Biopharma, Inc.
Term
This contract is for 3 years beginning January 13, 2025 and ending January 13, 2028.
Compensation
Company agrees to pay and Contractor’s agree to accept:
Howard Isaacs
750,000 shares of Propanc Biopharma, Inc. shares.
Richard Cavalli
750,000 shares of Propanc BioPharma, Inc. shares.
Independent Contractor Relationship
Contractor’s relaWonship with Company is that of an independent contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint-venture or employment relaWonship.
Contractor is solely responsible for, and will file, on a timely basis, all tax returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the performance of services and receipt of fees under this Agreement. Contractor is solely responsible for, and must maintain adequate records of, expenses incurred in the course of performing services under this Agreement. No part of Contractor’s compensation will be subject to withholding by Company for the payment of any social security, federal, state or any other employee payroll taxes. Company will regularly report amounts paid to Contractor by filing Form 1099-MISC with the Internal Revenue Service as required by law.
Quality
Contractor warrants to Company that the Services performed under this Agreement shall be performed with the degree of skill and care that is required by current, good and sound professional procedures and practices, and in conformance with generally accepted professional standards
