Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 87

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 87
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 CEO, as described
below, administers the Plan, references in the Plan to the “” shall be deemed to refer to the Board, the
Committee or such subcommittee or the CEO.

(b) . Subject to compliance with applicable law and applicable stock exchange requirements, the Committee may delegate all or part
of its authority and power to the CEO, as it deems appropriate, with respect to Awards to Employees or Key Advisors who are not executive
officers or directors under section 16 of the Exchange Act.

(c) . The Committee shall have the sole authority to (i) determine the individuals to whom Awards shall be made under the
Plan, (ii) determine the type, size, terms and conditions of the Awards to be made to each such individual, (iii) determine
the time when the Awards will be made and the duration of any applicable exercise or restriction period, including the criteria for exercisability
and the acceleration of exercisability, (v) amend the terms of any previously issued Award, subject to the provisions of Section 17
below, and (vi) deal with any other matters arising under the Plan.

(d) . The Committee shall have full power and express discretionary authority to administer and interpret the Plan, to
make factual determinations and to adopt or amend such rules, regulations, agreements and instruments for implementing the Plan and for
the conduct of its business as it deems necessary or advisable, in its sole discretion. The Committee’s interpretations of the
Plan and all determinations made by the Committee pursuant to the powers vested in it hereunder shall be final, conclusive and binding
on all persons having any interest in the Plan or in any awards granted hereunder. All powers of the Committee shall be executed in its
sole discretion, in the best interest of the Company, not as a fiduciary, and in keeping with the objectives of the Plan and need not
be uniform as to similarly situated individuals.

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(e) .
No member of the Committee or the Board, and no employee of the Company shall be liable for any act or failure to act with respect to
the Plan, except in circumstances involving his or her bad faith or willful misconduct, or for any act or failure to act hereunder by
any other member of the Committee or employee or by any agent to whom duties in connection with the administration of this Plan have
been delegated. The Company shall indemnify members of the Committee and the Board and any