Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 93

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 93
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 Option after termination of employment or service.

(g) . A Participant may exercise an Option that has become exercisable, in whole or in part, by delivering a notice of exercise
to the Company. The Participant shall pay the Exercise Price for an Option as specified by the Committee (i) in cash or by check,
(ii) unless the Committee determines otherwise, by delivering shares of Common Stock owned by the Participant and having a Fair
Market Value on the date of exercise at least equal to the Exercise Price or by attestation (on a form prescribed by the Committee) to
ownership of shares of Common Stock having a Fair Market Value on the date of exercise at least equal to the Exercise Price, (iii) by
payment through a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board, (iv) if permitted
by the Committee, by withholding shares of Common Stock subject to the exercisable Option, which have a Fair Market Value on the date
of exercise equal to the Exercise Price, or (v) by such other method as the Committee may approve. Shares of Common Stock used to
exercise an Option shall have been held by the Participant for the requisite period of time necessary to avoid adverse accounting consequences
to the Company with respect to the Option. Payment for the shares to be issued or transferred pursuant to the Option, and any required
withholding taxes, must be received by the Company by the time specified by the Committee depending on the type of payment being made,
but in all cases prior to the issuance or transfer of such shares.

<div align='center'>C-7</div>

(h) . Each Incentive Stock Option shall provide that, if the aggregate Fair Market Value of the Common Stock
on the date of the grant with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any
calendar year, under the Plan or any other stock option plan of the Company or a parent or subsidiary, exceeds $100,000 then the Option,
as to the excess, shall be treated as a Nonqualified Stock Option.

Section 7. Stock Awards

The Committee may issue or
transfer shares of Common Stock to an Employee, Non-Employee Director or Key Advisor under a Stock Award, upon such terms as the Committee
deems appropriate. The following provisions are applicable to Stock Awards:

(a) . Shares of Common Stock issued pursuant to Stock Awards may be issued for consideration or for no consideration, and
subject to restrictions or no restrictions, as determined by the