Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 23

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 Shares of the Company Common Stock in a Qualified Financing occurring on or before
the Maturity Date of this Note, or ii) Fifty Cents ($0.50)
per Share (“Conversion Price”); each Share consists of one (1) share of PetVivo Holdings, Inc. restricted common stock (“Common
Stock”). On September 27, 2024, the Company entered into another promissory note for an additional $350,000
with the same terms. As of the date of this filing,
the September 9, 2024 promissory note was amended with a new maturity date of February 9, 2025 and the September 24, 2024 promissory note was amended with
a new maturity date of February 24, 2025.

From
October 7, 2024, through November 19, 2024, the Company entered into two convertible promissory notes with an aggregate of $200,000
to a related party. The notes have accrued interest at a rate of 10%
per annum. The unpaid principal balance, together with interest, shall be due and payable in full on or before maturity dates
between March
7, 2025, through March 19, 2025. The holder of these notes have the option to convert the principal and accrued interest at a conversion price of
the lesser of i) the per Share price at which the Company sells Shares of the Company Common Stock in a Qualified Financing occurring
on or before the Maturity Date of this Note, or ii) Fifty Cents ($0.50) per Share (“Conversion Price”); each Share consists
of one (1) share of PetVivo Holdings, Inc. restricted common stock (“Common Stock”).

From
October 28, 2024, through December 30, 2024, the Company entered into various convertible promissory notes with an aggregate of
$450,000
to another related party. The notes have accrued interest at a rate of 10%
per annum. The unpaid principal balance, together with interest, shall be due and payable in full on or before maturity with dates
between April
25, 2025, through June 30, 2025. The holder of these notes have the option to convert the principal and accrued interest at a conversion price of
the lesser of i) the per Share price at which the Company sells Shares of the Company Common Stock in a Qualified Financing occurring
on or before