Company: PFSA
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001213900-25-065686
Chunk: 30

Company: Profusa, Inc.
Filing Date: 2025-07-18
Form: 8-K
Chunk 30
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 from the registration requirements of the Securities Act available under Section 4(a)(2).

The foregoing description
of the Initial Note is not complete and is qualified in its entirety by reference to the text of such document, which is filed as Exhibit
10.6 hereto and incorporated herein by reference.

PIPE Lock-Up Agreement

On July 11, 2025, the PIPE
Investors entered into a lock-up agreement (the “PIPE Lock-Up Agreement”), pursuant to which they agreed to, subject to certain
customary exceptions, not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of any shares of New Profusa Common
Stock or securities convertible, exchangeable or exercisable into shares of New Profusa Common Stock beneficially owned, held or acquired
by them. The period for such restrictions shall apply from the Closing Date until the termination of the PIPE Lock-Up Agreement in accordance
with its terms.

The foregoing description
of the PIPE Lock-Up Agreement is not complete and is qualified in its entirety by reference to the text of such document, a form of which
is filed as Exhibit 10.7 hereto and incorporated herein by reference.

PIPE Registration Rights Agreement

On July 11, 2025, New Profusa
and the PIPE Investors entered into a registration rights agreement (the “PIPE Registration Rights Agreement”), which provides
customary demand and piggyback registration rights.

Pursuant to the PIPE Registration
Rights Agreement, New Profusa will, as soon as practicable, but in any event within 20 calendar days after the Closing Date, use its reasonable
best efforts to file with the SEC a registration statement registering the resale of certain New Profusa Common Stock issuable to the
PIPE Investors upon conversion of the PIPE Convertible Notes. New Profusa will use its reasonable efforts to have the registration statement
declared effective within 45 days (but in any event no later than the 60 calendar day) after the filing thereof.

The foregoing description
of the PIPE Registration Rights Agreements is not complete and is qualified in its entirety by reference to the text of such document,
a form of which is filed as Exhibit 10.8 hereto and incorporated herein by reference.

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Security Agreement

On July 11, 2025, New Profusa
and Profusa (collectively, the “Profusa Parties”) entered into a Security Agreement with Ascent, as collateral agent (the
“Security Agreement”), pursuant to