EX-10.1 2 ex10-1.htm



September 30, 2017


Propanc Biopharma, Inc.

302/6 Butler Street

Camberwell, VIC, 3124 Australia

Attn: James Nathanielsz


Re: Maturity Date Extension Agreement




Delafield Investments Limited (“Delafield”) and Propanc Biopharma, Inc., f/k/a Propanc Health Group Corporation (the “Company”) are parties to certain transaction documents (the “Transaction Documents”), including that certain Securities Purchase Agreement, dated as of October 28, 2015, as amended on March 11, 2016 by an addendum and on July 1, 2016, August 3, 2016, March 10, 2017 and April 7, 2017 by separate letter agreements (the “Securities Purchase Agreement”), and a debenture in the principal amount of $4,400,000 dated October 28, 2015 (as amended, the “Debenture”) and due on September 30, 2017. Capitalized terms used herein and not defined have the meanings given them in the Securities Purchase Agreement and the Debenture.


By the signature of your authorized representative below, and for good and valuable consideration, the value and receipt of which is hereby acknowledged, the parties agree as follows:


  1. The Maturity Date shall be extended from September 30, 2017 to December 15, 2017.
  2. From the period beginning on September 30, 2017 through and including December 15, 2017, the Company shall pay interest to Delafield on the aggregate unconverted and then outstanding principal amount of the Debenture pursuant to the terms of the Debenture.
  3. Delafield hereby agrees to waive compliance by the Company with Section 8 of the Debenture regarding payment by the Company of the outstanding obligations due under the Debenture on September 30, 2017. This waiver is a one-time waiver only and shall not be deemed to constitute an agreement by Delafield to waive any other Event of Default which may exist as of the date hereof.


Except as expressly set forth herein, all of the terms and conditions in the Transaction Documents remain unchanged and are in full force and effect.


This letter agreement may be executed and delivered via facsimile or other electronic means with the same force and effect as if an original were executed and may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures hereto were upon the same instrument.


40 Wall Street | New York, NY | 10005

p. 347.491.4240 | f. 646.737.9948





Please acknowledge your agreement with the foregoing by executing this letter in the space indicated below and returning the same to the undersigned.


  Delafield Investments Limited
  By: /s/ James Keyes
  Name: James Keyes
  Title: Director
  By: /s/ Michael Abitebol
  Name: Michael Abitebol
  Title: Director


Acknowledged, Confirmed and Agreed To:


Propanc Biopharma, Inc.  
By: /s/ James Nathanielsz   
Name: James Nathanielsz  
Title: President and Chief Executive Officer  


40 Wall Street | New York, NY | 10005

p. 347.491.4240 | f. 646.737.9948