Document:

Exhibit
10.1

 

PROPANC
BIOPHARMA, INC.

DIRECTOR
AGREEMENT

 

This
DIRECTOR AGREEMENT (this “Agreement”) by and between Josef Zelinger (“Director”) and Propanc Biopharma,
Inc. (“Company”), is dated and effective as of December 23, 2020 (the “Appointment Date”).

 

W
I T N E S S E T H:

 

WHEREAS,
Company wishes to retain Director to provide certain services to Company as set forth in Paragraph 1 below; and

 

WHEREAS,
Director has agreed to provide the services on the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the promises and of the mutual representations, warranties and agreements set forth herein, Director
and Company agree as follows:

 

1.
Duties. During the Term (as defined in Paragraph 4 below), Director shall provide advisory services to Company as reasonably
needed by Company. Director shall serve on committees and as Chair of committees as reasonably determined by the Board. Director
agrees to use his best efforts in connection with performing the Duties under this Agreement. Director acknowledges and agrees
that he does not have the authority to bind Company with respect to any matters, including the execution of agreements, without
authorization from a majority of the Board.

 

2.
Fees. Director shall be compensated for performing the Duties as follows:

 

	2.1	Gross Annual
    Package. The Company shall pay the Executive a base salary of $250.00 AUD per month, payable on the first day of each
    month.
	 	 
	2.2	Accrued Unpaid
    Salary. The Executive shall have the option to convert any and all accrued unpaid salary into common stock of the Company
    at the end of each fiscal year a conversion rate to be determined by the parties, but in no event shall such conversion rate
    be lower than the par value of such common stock or higher than the closing bid price on date of the conversion.
	 	 
	2.3	Business Expenses.
    The Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment and
    travel expenses incurred by the Executive in connection with the performance of the Executive’s duties hereunder in
    accordance with the Company’s expense reimbursement policies and procedures.

 

3.
No Benefits; Taxes; Expenses.

 

(a)
Director is not an employee of Company and will not be entitled to participate in, or receive any, benefit or right as a Company
employee under any Company employee benefit and welfare plans, including, without limitation, employee insurance, pension, savings
and security plans, as a result of his entering into this Agreement.

 

    	 

    	 

    

 

(b)
Director shall be responsible for all estimated, withholding, social security, disability, unemployment, self-employment self
and other taxes, imposed on Director by the federal government or any other domestic or non-domestic, federal, state, or local
tax authority.

 

(c)
Company shall reimburse Director for his reasonable and documented expenses associated with rendering the Duties that are consistent
with the reimbursement policies and procedures of Company.

 

4.
Term and Termination. The term of this Agreement (the “Term”) shall commence on the Appointment Date and shall
terminate upon Director ceasing to be a member of the Board in accordance with the organizational documents of Company. For clarity,
this Agreement does not guarantee Director that he shall be a member of the Board for any set period of time and that his appointment
to the Board is subject to discretion of Company’s stockholders and Board in accordance with Company’s organizational
documents. Notwithstanding the foregoing, this Agreement may be terminated by Company for “Cause” upon written notice.
“Cause” means (i) Director has willfully breached or willfully neglected his duties and responsibilities as a member
of the Board or a committee, (ii) conviction of or a plea of no contest by Director with respect to a felony occurring on or after
the execution of this Agreement, (iii) material breach of this Agreement by Director, (iv) acts of fraud, dishonesty, misappropriation,
or embezzlement by Director, (v) willful failure by Director to comply with the Board’s reasonable orders or directives
consistent with Director’s position, or (vi) becoming disqualified or prohibited by law from serving as Director of Company;
provided, however, that in the case of any act or failure to act described in clauses (i), (iii), or (v) above, such act or failure
to act will not constitute Cause if, within ten (10) days after notice of such act or failure to act is given to Director by Company,
Director has corrected such act or failure to act (if it is capable of correction). Paragraphs 5 through 15 hereof shall survive
the termination or expiration of this Agreement.

 

5.
Confidential Information. During the Term, and at any time thereafter, Director shall not, without the written or electronic
consent of Company’s Chief Executive Officer or the consent of a majority of the Board, disclose to any person, firm or
corporation (except, during the Term, to the extent necessary to perform his duties hereunder) any customer lists, trade secrets,
reports, correspondence, mailing lists, manuals, price lists, Board lists, prospective Board lists, letters, records or any other
confidential information relating to the business of Company or any persons or entities controlling, controlled by or under common
control with Company (“Affiliate”) of Company and shall not, without the written or electronic consent of Company’s
Chief Executive Officer or the consent of a majority of the Board, deliver any oral address or speech or publish, or knowingly
permit to be published, any written matter in any way relating to confidential information regarding the business of Company or
any Affiliate.

 

6.
Non-Disparagement. During the Term and at all times thereafter, Director shall not malign, criticize, or otherwise disparage
Company, the Affiliates or their respective officers or directors.

 

7.
Delivery of Records and Injunctive Relief.

 

(a)
Upon the end of the Term or upon termination, Director shall deliver to Company all correspondence, reports, customer lists, office
keys, manuals, advertising brochures, sample contracts, price lists, Board lists, prospective customer lists, mailing lists, letters,
records and any and all other documents pertaining to or containing information relative to the business of Company or shall provide
Company with written certification that all such tangible records of Company has been destroyed.

 

    	 

    	 

    

 

(b)
Director understands that in the event of a violation of the provisions of this Paragraph 7, Company shall have the right to seek
injunctive relief, in addition to any other existing rights provided herein or by operation of law, without the requirement of
posting bond. The remedies provided in this Paragraph 7 shall be in addition to any legal or equitable remedies existing between
Director and Company, and shall not be construed as a limitation upon, or as alternative or in lieu of, such remedies.

 

8.
Indemnification. Company shall indemnify Director from any loss, damage, cost or expense (including reasonable attorney’s
fees) (“Loss”) arising from or related to a third party claim, demand, assessment, action, suit or proceeding (“Claim”),
including without limitation, any Claim arising from or related to Director’s services in his capacity as a member of the
Board. Notwithstanding the foregoing, Company shall not be liable for Losses to the extent such Losses are caused by the negligence,
recklessness or misconduct of Director or breach of any of the terms of this Agreement by Director.

 

9.
Survival. Notwithstanding anything to the contrary in this Agreement, the parties agree that Director’s obligations
under Paragraphs 5, 6, and 7 of this Agreement and Company’s obligations under Paragraph 8 of this Agreement shall continue
despite the expiration of the term of this Agreement or its termination.

 

10.
No Agency Relationship. This Agreement does not, and shall not be deemed to, make either party hereto the agent or legal
representative of the other for any purpose whatsoever. Neither party shall have the right or authority to assume or create any
obligations or responsibility whatsoever, express or implied, on behalf of or in the name of the other, or to bind the other in
any respect whatsoever.

 

11.
Independent Contractor. In making and performing this Agreement, Director shall act at all times as an independent contractor
and nothing contained in this Agreement shall be construed or implied to create between Director and Company an agency, partnership,
or employee-employer relationship, or to create between Director and Company any other form of legal association or arrangement
which imposes liability upon one party for the act or failure to act of the other party.

 

12.
Assignment. This Agreement shall be binding upon the parties hereto, the heirs and legal representatives of Director and
the successors and assigns of Company. Director may not assign or otherwise transfer any of his rights or obligations under this
Agreement without the prior written or electronic consent of Company.

 

13.
Notices. Except as set forth in (b) herein, any notice required, permitted or intended to be given under this Agreement
shall be in writing and shall be deemed to have been given only if delivered personally or sent by registered or certified mail,
return receipt requested, postage prepaid to the appropriate address shown below, or such revised address as is delivered to the
other party by the same means.

 

(a)
Notices to Company shall be sent to:

 

Propanc
Biopharma, Inc, Attn: Chief Executive Officer, 302, 6 Butler Street, Camberwell, VIC, 3124

 

(b)
Notices to Director shall be sent to the most recent address or email address on file with Company.

 

    	 

    	 

    

 

14.
Entire Agreement. This Agreement constitutes the entire agreement between the parties in connection with the subject matter
hereof, supersedes any and all prior agreements between the parties and may only be changed by agreement in writing between the
parties.

 

15.
Construction. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without
application of the principles of conflicts of laws.

 

16.
Counterparts; Signatures. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. This Agreement may be executed by email of a signed pdf
or signed scanned document, and any signatures contained therein shall be considered original signatures.

 

17.
Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction,
this Agreement shall be interpreted and enforceable as if such provision were severed or limited, but only to the extent necessary
to render such provision and this Agreement enforceable.

 

IN
WITNESS WHEREOF, and intending to be legally bound, the parties have executed this Agreement the day and year first above written.

 

	PROPANC
    BIOPHARMA, INC.	 
	 	 	 
	By:	/s/
    James Nathanielsz	 
	Name:
    	James
    Nathanielsz	 
	Title:
    	Chief
    Executive Officer	 
	Date:
    	December
    23, 2020	 
	 	 	 
	JOSEF
    ZELINGER	 
	 	 	 
	By:
    	/s/
    Josef Zelinger	 
	Date:
    	December
    23, 2020Exhibit
10.2

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (this “Agreement”), dated as of December 23, 2020 and effective as of December
23, 2020 (the “Effective Date”), is made by and between Propanc Biopharma, Inc., a Delaware corporation
(the “Company”), and Josef Zelinger (“Indemnitee”).

 

RECITALS

 

A.
Indemnitee’s service to the Company substantially benefits the Company.

 

B.
Individuals are reluctant to serve as directors or officers of corporations or in certain other capacities unless they are provided
with adequate assurance of protection through insurance or indemnification against the risks of claims and actions against them
arising out of such service.

 

C.
Indemnitee does not regard the protection currently provided by applicable law, the Company’s governing documents and any
insurance as adequate under the present circumstances, and Indemnitee may not be willing to serve as a director or officer without
additional protection.

 

D.
In order to induce Indemnitee to continue to provide services to the Company, it is reasonable, prudent and necessary for the
Company to contractually obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee as permitted by applicable
law.

 

E.
This Agreement is a supplement to and in furtherance of the indemnification provided in the Company’s Certificate of Incorporation,
Bylaws and applicable law, and any resolutions adopted pursuant thereto, and this Agreement shall not be deemed a substitute therefor,
nor shall this Agreement be deemed to limit, diminish or abrogate any rights of Indemnitee thereunder.

 

The
parties therefore agree as follows:

 

1.
Definitions.

 

(a)
A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement
of any of the following events:

 

(i)
Acquisition of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below),
directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of
the Company’s then outstanding securities; provided that any acquisition or disposition of the Company’s securities
by James Nathanielsz and/or his affiliates shall not be deemed to result in a Change in Control;

 

(ii)
Change in Board Composition. Individuals who on the date of this Agreement are members of the Company’s board of directors
(the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the
Company’s board of directors (the “Board”) (provided, however, that if the appointment or election
(or nomination for election) of any new member of the Board was approved or recommended by a majority vote of the members of the
Incumbent Board then still in office, such new member shall be considered as a member of the Incumbent Board);

 

(iii)
Corporate Transactions. A merger or consolidation of the Company with any other entity, other than a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing
to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least half
of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation;
and

 

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(iv)
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for
the sale or disposition by the Company of all or substantially all of the Company’s assets.

 

For
purposes of this Section 1(a), the following terms shall have the following meanings:

 

(1)
“Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”); provided, however, that “Person”
shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company,
and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions
as their ownership of stock of the Company.

 

(2)
“Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided,
however, that “Beneficial Owner” shall exclude any Person otherwise becoming a Beneficial Owner by reason
of (i) the stockholders of the Company approving a merger of the Company with another entity or (ii) the Board approving a sale
of securities by the Company to such Person.

 

(b)
“Corporate Status” describes the status of a person who is or was a director, trustee, general partner,
managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise.

 

(c)
“DGCL” means the General Corporation Law of the State of Delaware.

 

(d)
“Enterprise” means the Company and any other corporation, partnership, limited liability company, joint
venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company
as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary.

 

(e)
“Expenses” include all retainers, court costs, transcript costs, fees and costs of experts, witness
fees, reasonable attorneys’ fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, and all other disbursements or expenses actually and reasonably, and of the types customarily, incurred
by Indemnitee, or on his or her behalf, in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also include (i) Expenses incurred
in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other
costs relating to any cost bond, supersede as bond or other appeal bond or their equivalent, and (ii) for purposes of Section
11(d), Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights
under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company.
Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(f)
“Independent Counsel” means a law firm, or a partner or member of a law firm, that is experienced in
matters of corporation law and neither currently is, as of the time the request for indemnification is made nor in the previous
five (5) years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other
than as Independent Counsel with respect to matters concerning Indemnitee under this Agreement, or other indemnitees under similar
indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding
the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable
standards of professional conduct then-prevailing, would have a conflict of interest in representing either the Company or Indemnitee
in an action to determine Indemnitee’s rights under this Agreement.

 

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(g)
“Proceeding” means any threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or proceeding, or claim, issue or
matter therein, whether brought in the right of the Company, a Subsidiary or otherwise, and whether of a civil, criminal,
administrative or investigative nature, including any appeal therefrom, and including without limitation any such Proceeding
pending as of the Effective Date, in which Indemnitee was, is or will be involved as a party, a potential party, a non-party
witness or otherwise by reason of (i) the fact that Indemnitee is or was a director or officer of the Company or of a
Subsidiary, or (ii) the fact or assertion that he or she is or was serving at the request of the Company or of a
Subsidiary as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company, a
Subsidiary or any other Enterprise, in each case whether or not serving in such capacity at the time any liability or Expense
is incurred for which indemnification or advancement of expenses can be provided under this Agreement.

 

(h)
“Subsidiary” means any entity of which more than 50% of the outstanding voting securities is owned directly
or indirectly by the Company.

 

(i)
Reference to “other enterprises” shall include employee benefit plans; references to “fines”
shall include any excise taxes assessed on a person with respect to any employee benefit plan; references to “serving
at the request of the Company” shall include any service as a director, officer, employee or agent of the Company
or of a Subsidiary which imposes duties on, or involves services by, such director, officer, employee or agent with respect to
an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he or she reasonably
believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have
acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement.

 

2.
Indemnity in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this
Section 2 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding
by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2, Indemnitee shall be indemnified
to the fullest extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in settlement (if, and
only if, such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) in connection
with such Proceeding , if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed
to the best interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe
that his or her conduct was unlawful.

 

3.
Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with the
provisions of this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or
in the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified to
the fullest extent permitted by applicable law against all Expenses in connection with such Proceeding, if Indemnitee acted in
good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. No indemnification
for Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been
finally adjudged by a court competent jurisdiction to be liable to the Company, unless and only to the extent that any court in
which the proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as the Court
shall deem proper.

 

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4.
Indemnification for Expenses of a Party Who is Wholly or Partly Successful. To the extent that Indemnitee is a party to
or a participant in and is successful (on the merits or otherwise) in defense of any Proceeding or any claim, issue or matter
therein, the Company shall indemnify Indemnitee against all Expenses in connection therewith. To the extent permitted by applicable
law, if Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, in defense of one
or more but fewer than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses
in connection with (a) each successfully resolved claim, issue or matter and (b) any claim, issue or matter related to any such
successfully resolved claim, issuer or matter. For purposes of this Section 4, the termination of any claim, issue or matter in
such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or
matter.

 

5.
Indemnification for Expenses of a Witness. To the extent that Indemnitee is, by reason of his or her Corporate Status,
a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified to the extent permitted by applicable
law against all Expenses in connection therewith.

 

6.
Additional Indemnification.

 

(a)
Notwithstanding any limitation in Sections 2, 3 or 4, above, the Company shall indemnify Indemnitee to the fullest extent permitted
by applicable law if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding (including a Proceeding
by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid
in settlement (if, and only if, such settlement is approved in advance by the Company, which approval shall not be unreasonably
withheld) in connection with the Proceeding.

 

(b)
For purposes of Section 6(a), the meaning of the phrase “to the fullest extent permitted by applicable law”
shall include, but not be limited to: (i) the fullest extent permitted by the provision of the DGCL that authorizes or contemplates
additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL; and (ii)
the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement
that increase the extent to which a corporation may indemnify its officers and directors.

 

7.
Exceptions.

 

(a)
Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity
or provide any benefit to Indemnitee under this Agreement or otherwise, in connection with any Proceeding (or any part of any
Proceeding):

 

(i)
for which payment has actually been made to or on behalf of Indemnitee under any statute, insurance policy, indemnity provision,
vote or otherwise, except with respect to any excess beyond the amount paid;

 

(ii)
for an accounting or disgorgement of profits pursuant to Section 16(b) of the Exchange Act or similar provisions of federal, state
or local statutory law or common law, if Indemnitee is held liable therefor (including pursuant to any settlement arrangements);

 

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(iii)
for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or other
compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under
the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section
304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee
is held liable therefor (including pursuant to any settlement arrangements);

 

(iv)
with respect to (x) remuneration paid to Indemnitee if it is determined by final judgment or other final adjudication that such
remuneration was in violation of law (and, in this respect, both the Company and Indemnitee have been advised that the U.S. Securities
and Exchange Commission believes that indemnification for liabilities arising under the federal securities laws is against public
policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication,
as indicated in Section 10(d) below); (y) a final judgment or other final adjudication that Indemnitee’s conduct was in
bad faith, knowingly fraudulent or deliberately dishonest or constituted willful misconduct (but only to the extent of such specific
determination); or (z) on account of conduct that is established by a final judgment as constituting a breach of Indemnitee’s
duty of loyalty to the Company or resulting in any personal profit or advantage to which Indemnitee is not legally entitled. For
purposes of this Section 7(a)(iv), a final judgment or other adjudication may be reached in either the underlying proceeding or
action in connection with which indemnification is sought or a separate proceeding or action to establish rights and liabilities
under this Agreement;

 

(v)
initiated by Indemnitee, including against the Company or its directors, officers, employees, agents or other indemnitees, unless
(w) the Board authorized the Proceeding (or the relevant part of the Proceeding) prior to its initiation, (x) the Company provides
the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law, or (y) otherwise
authorized in Section 11(d) or (z) otherwise required by applicable law or the Company’s Bylaws. However, indemnification
or advancement of Expenses may be provided by the Company in specific cases if the Board determines it to be appropriate; or

 

(vi)
if prohibited by applicable law.

 

(b)
Any provision in this Agreement to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this
Agreement to indemnify Indemnitee under this Agreement for any amounts paid in settlement of a proceeding effected without the
Company’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold consent to any proposed settlement;
provided, however, that the Company may in any event decline to consent to (or to otherwise admit or agree to any liability for
indemnification hereunder in respect of) any proposed settlement if the Company is also a party in such proceeding and determines
in good faith that such settlement is not in the best interests of the Company and its stockholders.

 

(c)
Any provision in this Agreement to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this
Agreement to indemnify Indemnitee or otherwise act in violation of any undertaking appearing in and required by the rules and
regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), or in any
registration statement filed with the SEC under the Securities Act. Indemnitee acknowledges that paragraph (h) of Item 512 of
Regulation S-K currently generally requires the Company to undertake in connection with any registration statement filed under
the Securities Act to submit the issue of the enforceability of Indemnitee’s rights under this Agreement in connection with
any liability under the Securities Act on public policy grounds to a court of appropriate jurisdiction and to be governed by any
final adjudication of such issue. Indemnitee specifically agrees that any such undertaking shall supersede the provisions of this
Agreement and to be bound by any such undertaking

 

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8.
Advances of Expenses. To the extent indemnity is provided pursuant to Sections 2, 3 or 4, above, or otherwise in this Agreement,
the Company shall advance the Expenses incurred by Indemnitee in connection with any such Proceeding, and such advancement shall
be made as soon as reasonably practicable, but in any event no later than 30 days, after the receipt by the Company of a written
statement or statements requesting such advances from time to time (which shall include invoices received by Indemnitee in connection
with such Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to
expenditure made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the
invoice). Reimbursements hereunder shall be deemed advances, and shall be unsecured and interest free and made without regard
to Indemnitee’s ability to repay such advances. Indemnitee hereby undertakes to repay any such advance to the extent that
it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 8 shall not apply to
prevent reimbursement to the extent advancement is prohibited by law, or with respect to Proceeding for which indemnity is not
permitted under this Agreement, but shall apply to any Proceeding referenced in Section 7(b) or 7(c) prior to a determination
that Indemnitee is not entitled to be indemnified by the Company.

 

9.
Procedures for Notification and Defense of Claim.

 

(a)
Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek indemnification
or advancement of Expenses as soon as reasonably practicable following the receipt by Indemnitee of notice thereof. The written
notification to the Company shall include, in reasonable detail, a description of the nature of the Proceeding and the facts underlying
the Proceeding. The failure by Indemnitee to notify the Company will not relieve the Company from any liability which it may have
to Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the Company shall not constitute
a waiver by Indemnitee of any rights, except to the extent that such failure or delay materially prejudices the Company.

 

(b)
If, at the time of the receipt of a written notice of a Proceeding pursuant to the terms hereof, the Company has directors’
and officers’ liability insurance in effect, the Company shall give prompt notice of the commencement of the Proceeding
to such insurers in accordance with the procedures set forth in the applicable policies. The Company shall thereafter take all
commercially-reasonable actions to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such
Proceeding in accordance with the terms of such policies.

 

(c)
In the event the Company may be obligated to make any indemnity in connection with a Proceeding, the Company shall be
entitled to assume the defense of such Proceeding with counsel approved by Indemnitee, which approval shall not be
unreasonably withheld, upon the delivery to Indemnitee of written notice of the Company’s election to do so. After
delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company
will not be liable to Indemnitee for any fees or expenses of counsel subsequently incurred by Indemnitee with respect to the
same Proceeding. Notwithstanding the Company’s assumption of the defense of any such Proceeding, the Company shall be
obligated to pay the fees and expenses of Indemnitee’s counsel to the extent (i) the employment of counsel by
Indemnitee is authorized by the Company, (ii) counsel for the Company or Indemnitee shall have reasonably concluded that
there is a conflict of interest between the Company and Indemnitee in the conduct of any such defense, such that Indemnitee
needs to be separately represented, (iii) the fees and expenses are non-duplicative and reasonably incurred in
connection with Indemnitee’s role in the Proceeding despite the Company’s assumption of the defense, (iv) the
Company is not financially or legally able to perform its defense obligations, or (v) the Company shall not have retained, or
shall not continue to retain, such counsel to defend such Proceeding; provided that Indemnitee’s counsel
conducts the defense of such Proceeding actively and diligently. The Company shall have the right to conduct such defense as
it sees fit in its sole discretion. Regardless of any provision in this Agreement, Indemnitee shall have the right to employ
counsel in any Proceeding at Indemnitee’s personal expense. The Company shall not be entitled, without the consent of
Indemnitee, to assume the defense of any claim brought by or in the right of the Company.

 

    	6

    	 

    

 

(d)
Indemnitee shall give the Company such information and cooperation in connection with the Proceeding as may be reasonably appropriate.

 

(e)
The Company shall not be liable to indemnify Indemnitee for any settlement of any Proceeding (or any part thereof) without the
Company’s prior written consent, which shall not be unreasonably withheld.

 

(f)
The Company shall have the right to settle any Proceeding (or any part thereof) without the consent of Indemnitee.

 

10.
Procedures upon Application for Indemnification.

 

(a)
To obtain indemnification, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation
and information as is reasonably available to Indemnitee and as is reasonably necessary or as the Company may reasonably request
to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Proceeding.
The Company shall, as soon as reasonably practicable after receipt of such a request for indemnification, advise the Board that
Indemnitee has requested indemnification. Any delay in providing the request will not relieve the Company from its obligations
under this Agreement, except to the extent such failure is prejudicial.

 

(b)
Upon written request by Indemnitee for indemnification pursuant to Section 10(a), a determination, if required by applicable law,
with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four methods,
which shall be at the election of the Board: (A) by a majority vote of the disinterested directors, even though less than a quorum
of the Board, (B) by a committee of disinterested directors designated by a majority vote of the disinterested directors, even
though less than a quorum of the Board, (C) if there are no such disinterested directors, or if such disinterested directors so
direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (D) if
so directed by the Board, by the stockholders of the Company; provided, however, that if there has been a Change in Control, then
such determination shall be made by Independent Counsel selected by Indemnitee and approved by the Company (which approval shall
not be unreasonably withheld). For purposes of this Agreement, disinterested directors are those members of the Board who are
not parties to the action, suit or proceeding in respect of which indemnification is sought by Indemnitee. If it is so determined
that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made by the Company no later than thirty (30) days
after such determination. Indemnitee shall cooperate with the person, persons or entity making the determination with respect
to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance
request any documentation or information that is not privileged or otherwise protected from disclosure and that is reasonably
available to Indemnitee and reasonably necessary to such determination. Any reasonable Expenses incurred by Indemnitee in so cooperating
with the person, persons or entity making such determination shall be borne by the Company, to the extent permitted by applicable
law.

 

(c)
In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(b),
the Independent Counsel shall be selected as provided in this Section 10(c). If the Independent Counsel shall be selected by the
Board, and the Company shall give written notice to Indemnitee advising him or her of the identity of the Independent Counsel
so selected. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 11(a), below, the Independent
Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of
professional conduct then-prevailing).

 

    	7

    	 

    

 

(d)
The Company agrees to pay the reasonable fees and expenses of any Independent Counsel and to fully indemnify such counsel against
any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant
hereto.

 

(e)
In the event the Company fails to make timely payments as set forth in Sections 8 or 10(b) above, Indemnitee shall have the right
to apply to any court of competent jurisdiction for the purpose of enforcing Indemnitee’s right to indemnification or advancement
of Expenses pursuant to this Agreement. In such an enforcement hearing or proceeding, the burden of proof shall be on the Company
to prove that indemnification or advancement of Expenses to Indemnitee is not required under this Agreement or permitted by applicable
law. Any determination by the Company (including its board of directors, a committee thereof, Independent Counsel) or stockholders
of the Company, that Indemnitee is not entitled to indemnification hereunder, shall not be a defense by the Company to the action
nor create any presumption that Indemnitee is not entitled to indemnification or advancement of Expenses hereunder.

 

11.
Remedies of Indemnitee.

 

(a)
Subject to Section 11(e), in the event that (i) a determination is made pursuant to Section 10, above, that Indemnitee is not
entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8, above,
or 11(d), below, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10, above,
within 90 days after the later of the receipt by the Company of the request for indemnification or the final disposition of the
Proceeding, (iv) payment of indemnification pursuant to this Agreement is not made (A) within thirty (30) days after a determination
has been made that Indemnitee is entitled to indemnification or (B) with respect to indemnification pursuant to Sections 4 or
5, above, and 11(d), below, within 30 days after receipt by the Company of a written request therefor, or (v) the Company or any
other person or entity takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any
litigation or other action or proceeding to deny, or to recover from, Indemnitee the benefits provided or intended to be provided
to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication in a court of competent jurisdiction of his or her entitlement
to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his or her option, may seek an award in arbitration
with respect to his or her entitlement to such indemnification or advancement of Expenses, to be conducted by a single arbitrator
pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding
seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right
to commence such proceeding pursuant to this Section 11(a); provided, however, that the foregoing clause shall not apply in respect
of a proceeding brought by Indemnitee to enforce his or her rights under Section 4, above. The Company shall not oppose Indemnitee’s
right to seek any such adjudication or award in arbitration in accordance with this Agreement.

 

(b)
Neither (i) the failure of the Company, the Board, any committee or subgroup of the Board, the Independent Counsel or stockholders
to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct, nor (ii) an actual determination by the Company, the Board, any committee or subgroup of the Board,
the Independent Counsel or stockholders that Indemnitee has not met the applicable standard of conduct, may be asserted or offered
into evidence as a defense to the action or to create a presumption that Indemnitee has or has not met the applicable standard
of conduct. In the event that a determination shall have been made pursuant to Section 10 of this Agreement that Indemnitee is
not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 11 shall be conducted
in all respects as a de novo trial, or arbitration, on the merits, and Indemnitee shall not be prejudiced by reason of
that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 11, the Company shall,
to the fullest extent not prohibited by applicable law, have the burden of proving Indemnitee is not entitled to indemnification
or advancement of Expenses, as the case may be.

 

    	8

    	 

    

 

(c)
To the fullest extent not prohibited by applicable law, the Company shall be precluded from asserting in any judicial proceeding
or arbitration commenced pursuant to this Section 11 that the procedures and presumptions of this Agreement are not valid, binding
and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions
of this Agreement. If a determination shall have been made pursuant to Section 10, above, that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section
11, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statements not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification
under applicable law.

 

(d)
To the extent not prohibited by applicable law, the Company shall indemnify Indemnitee against all Expenses that are incurred
by Indemnitee in connection with any action for indemnification or advancement of Expenses from the Company under this Agreement
or under any directors’ and officers’ liability insurance policies maintained by the Company to the extent Indemnitee
is successful in such action, and, if requested by Indemnitee, the Company shall (as soon as reasonably practicable, but in any
event no later than 30 days, after receipt by the Company of a written request therefor) advance such Expenses to Indemnitee,
subject to the provisions of Section 8, above.

 

(e)
Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification shall be required
to be made prior to the final disposition of the Proceeding.

 

12.
Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement
is unavailable to Indemnitee, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amounts incurred by Indemnitee,
whether for Expenses, judgments, fines or amounts paid or to be paid in settlement, in connection with any claim relating to an
indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances
of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the events
and transactions giving rise to such Proceeding; and (ii) the relative fault of Indemnitee and the Company (and its other directors,
officers, employees and agents) in connection with such events and transactions.

 

13.
Non-exclusivity; No Limitation on Indemnity Rights. The rights of indemnification and to receive advancement of Expenses
as provided by this Agreement shall not be deemed exclusive of, or in any manner limit, any other rights to which Indemnitee may
at any time be entitled under applicable law, the Company’s certificate of incorporation or bylaws, any agreement, a vote
of stockholders or a resolution of directors, or otherwise. To the extent that a change in Delaware law, whether by statute or
judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Company’s
certificate of incorporation and bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy
by this Agreement the greater benefits so afforded by such change, subject to the restrictions expressly set forth herein or therein.
Except as expressly set forth herein, no right or remedy herein conferred is intended to be exclusive of any other right or remedy,
and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. Except as expressly set forth herein, the assertion or employment of any
right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

 

    	9

    	 

    

 

14.
No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment of amounts otherwise
indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually
received payment for such amounts under any insurance policy, contract, agreement or otherwise.

 

15.
Insurance. The Company shall, to the extent that the Board determines it to be economically reasonable, maintain a policy
of directors’ and officers’ liability insurance, on such terms and conditions as may be approved by the Board.

 

16.
Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure
such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

17.
Services to the Company. Indemnitee agrees to serve as a director or officer of the Company or, at the request of the Company,
as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of another Enterprise, for so
long as Indemnitee is duly elected or appointed or until Indemnitee tenders his or her resignation or is removed from such position.
Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation
imposed by operation of law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee
in such position. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or
any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that any employment with the Company (or any of its subsidiaries
or any Enterprise) is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, with or without
notice, except as may be otherwise expressly provided in any executed, written employment contract between Indemnitee and the
Company (or any of its subsidiaries or any Enterprise), any existing formal severance policies adopted by the Board or, with respect
to service as a director or officer of the Company, the Company’s Certificate of Incorporation or Bylaws or the DGCL. No
such document shall be subject to any oral modification thereof.

 

18.
Duration. This Agreement shall commence as of the Effective Date and continue until and terminate upon the later of (a)
seven (7) years after the date that Indemnitee shall have ceased to serve as a director or officer of the Company or a Subsidiary,
or as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of any other Enterprise, as
applicable, or (b) one (1) year after the final termination of any Proceeding, including any appeal, then-pending in respect of
which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by
Indemnitee pursuant to Section 11, above, relating thereto.

 

19.
Successors. This Agreement shall be binding upon the Company and its successors and assigns, including any direct or indirect
successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company,
and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. The Company shall require
and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all
of the business or assets of the Company, by written agreement, expressly to assume and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

 

    	10

    	 

    

 

20.
Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or
fail to do any act in violation of applicable law. The Company’s inability, pursuant to court order or other applicable
law, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. If any provision or provisions
of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality
and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal
or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted
by law; (ii) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to
give the maximum effect to the intent of the parties hereto; and (iii) to the fullest extent possible, the provisions of this
Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to
be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect
to the intent manifested thereby.

 

21.
Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations
imposed on it hereby in order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges
that Indemnitee is relying upon this Agreement in serving as a director or officer of the Company.

 

22.
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject
matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with
respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Company’s
obligations to Indemnitee, as provided by its certificate of incorporation and bylaws, and by applicable law.

 

23.
Modification and Waiver. No supplement, modification or amendment to this Agreement shall be binding unless and only to
the extent executed in writing by the parties hereto. No amendment, alteration or repeal of this Agreement shall adversely affect
any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate
Status prior to such amendment, alteration or repeal. No waiver of any of the provisions of this Agreement shall constitute or
be deemed a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver.

 

24.
Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by
registered or certified mail, postage prepaid, sent by facsimile or electronic mail or otherwise delivered by hand, messenger
or courier service addressed:

 

(a)
if to Indemnitee, to Indemnitee’s address, facsimile number or electronic mail address as shown on the signature page of
this Agreement or in the Company’s records, as may be updated in accordance with the provisions hereof; or

 

(b)
if to the Company, to the attention of the Chief Executive Officer or Chief Financial Officer of the Company at Propanc Biopharma,
Inc., 302, 6 Butler Street, Camberwell, VIC, 3124 Australia, or at such other current address as the Company shall have furnished
to Indemnitee, with a copy (which shall not constitute notice) to Sasha Ablovatskiy, Esq., Foley Shechter Ablovatskiy LLP, 1359
Broadway, 20th Floor, Suite 2001, New York, NY 10018.

 

Each
such notice or other communication shall for all purposes of this Agreement be treated as effective or having been given (i) if
delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier
service, freight prepaid, specifying next-business-day delivery, one business day after deposit with the courier), (ii) if sent
via mail, at the earlier of its receipt or five days after the same has been deposited in a regularly-maintained receptacle
for the deposit of the United States mail, addressed and mailed as aforesaid, or (iii) if sent via facsimile, upon confirmation
of facsimile transfer or, if sent via electronic mail, upon confirmation of delivery when directed to the relevant electronic
mail address, if sent during normal business hours of the recipient, or if not sent during normal business hours of the recipient,
then on the recipient’s next business day.

 

    	11

    	 

    

 

25. Applicable
Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules.
Except with respect to any arbitration commenced by Indemnitee pursuant to Section 11(a), above, or by the Company or
Indemnitee pursuant to a written agreement between the Company and Indemnitee providing for such, the Company and Indemnitee
hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this
Agreement shall be brought only in any state or federal court located in the City of New York, New York, and not in any other
state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the
exclusive jurisdiction of any state or federal court located in the City of New York, New York for purposes of any action or
proceeding arising out of or in connection with this Agreement, (iii) appoint, to the extent such party is not otherwise
subject to service of process in the State of New York, VCorp Services (New York), as such party’s agent in the State
of New York for acceptance of legal process in connection with any such action or proceeding against such party with the same
legal force and validity as if served upon such party personally within the State of New York, (iv) waive any
objection to the laying of venue of any such action or proceeding in any such state or federal court located in the City of
New York, New York, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in
any such state or federal court located in the City of New York, New York has been brought in an improper or inconvenient
forum.

 

26.
Counterparts. This Agreement may be executed in multiple counterparts, each of which constitutes an original and all of
which together constitute one and the same instrument. A manually executed counterpart of this Agreement delivered by means of
e-mail as a Portable Document Format file (“.pdf”) (or in any present or future file format intended to preserve the
original graphic and pictorial appearance of a document), or by means of facsimile transmission, constitutes the valid and effective
execution and delivery of this Agreement for all purposes and has the same force and effect for all purposes as the personal delivery
of a manually executed counterpart bearing an original ink signature.

 

27.
Captions. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof.

 

[Signature
page follows]

 

    	12

    	 

    

 

The
parties are signing this Indemnification Agreement as of the date stated in the introductory sentence.

 

	 	PROPANC
    BIOPHARMA, INC.
	 	 	 
	 	By:
    	/s/
    James Nathanielsz
	 	Name:	James
    Nathanielsz
	 	Title:
    	Chief
    Executive Officer

 

	 	INDEMNITEE
	 	 
	 	/s/
    Josef Zelinger
	 	(Signature)
	 	 
	 	 
	 	(Print
    name)
	 	 
	 	 
	 	(Street
    address)
	 	 
	 	 
	 	(City,
    State, ZIP and Country)

 

    	13

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