Company: PFSA
Filing Date: 2025-04-28
Form Type: S-4/A
Source: 0001213900-25-035718
Chunk: 382

Company: Profusa, Inc.
Filing Date: 2025-04-28
Form: S-4/A
Chunk 382
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, or as otherwise required by law. Effective Date, Termination, Amendment and Repricing The Equity and Incentive Plan will become effective as of the closing of the Business Combination and will terminate on the 10 thanniversary of the effective date of the Equity and Incentive Plan, unless earlier terminated by the New Profusa Board. The New Profusa Board may amend the Equity and Incentive Plan or any award agreement at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation, including any rule of the Nasdaq, or any other stock exchange on which the shares are then traded and provided that no amendment may be made that seeks to modify the non -employeedirector compensation limit under the Equity and Incentive Plan or that materially impairs the rights of a holder of an outstanding award without the consent of such holder. The Equity and Incentive Plan permits the following actions without stockholder approval: (i) reduction of the purchase price or base price of any option or SAR previously granted under the Equity and Incentive Plan, (ii) cancelation of any option or SAR previously granted under the Equity and Incentive Plan in exchange for another option or SAR with a lower purchase price or base price or (iii) cancelation of any option or SAR previously granted under the Equity and Incentive Plan in exchange for cash or another award. Eligibility Participants in the Equity and Incentive Plan will consist of such officers, other employees, non -employeedirectors, consultants, independent contractors, and agents of New Profusa and its subsidiaries (and such persons who are expected to become any of the foregoing) as selected by the Plan Committee. The aggregate value of cash compensation and the grant date fair value of shares of common stock that may be awarded or granted during any fiscal year of New Profusa to any non -employeedirector will not exceed $[•] (or, $[•], with respect to the fiscal year of a non -employeedirector’s initial service as a non -employeedirector); provided, however, that this limit shall not apply to distributions of previously deferred compensation under a deferred compensation plan maintained by New Profusa or compensation received by the director in his or her capacity as an executive officer or employee of New Profusa. It is anticipated that, as of the closing of the Business Combination, approximately [•] employees and non -employeedirectors will be eligible to participate in the Equity and Incentive Plan if selected by