Thursday, July 11, 2019 9:16:21 AM
Item 1.01Entry into a Material Definitive Agreement.Effective July 3, 2019, Propanc Biopharma, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Power Up Lending GroupLtd. (“Power Up”), pursuant to which Power Up purchased a convertible promissory note (the “July 2019 Power Up Note”) from the Company in the aggregate principalamount of $78,000.00, such principal and the interest thereon convertible into shares of the Company’s common stock at the option of Power Up. The transactions contemplatedby the Purchase Agreement closed on or about July 3, 2019. The Company intends to use the net proceeds ($75,000) from the July 2019 Power Up Note for general workingcapital purposes.
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