Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 105

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 105
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.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. The original maturity date for this $350,000 note was November 24, 2024, whereby an amendment extended the
maturity date to December 31, 2025. From October 10, 2024, through December 30, 2024, the Company entered into additional promissory
notes totaling $650,000
with the same terms. These notes maturity dates were all amended with the amended maturity date of December 31, 2025. From February
12, 2025, through March 13, 2025, the Company entered into additional promissory notes totaling $540,000 with
the same terms. These notes maturity dates were all amended with the amended maturity date of December 31, 2025.

On
December 20, 2024, the Company entered into a convertible promissory note for $25,000. The note accrued interest at a rate of 12% per
annum. The holder of the note has the option to convert the principal and accrued interest at a conversion price of the greater 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”). The original maturity date was June 30, 2025, whereby an amendment extended the maturity date to December 31, 2025.

The
total convertible notes payables (all current liability), including accrued interest, for these convertible notes for the year ended
March 31, 2025 is $1,772,021, and for the year ended March 31, 2024 is 150,277.

Interest
expense for the years ended March 31, 2025 and 2024 was $57,021 and $277, respectively.

Derivative
Liabilities – Variable Conversion Features

The
Company evaluated the terms of its convertible notes and determined that certain embedded conversion features were not indexed