Company: PETVW
Filing Date: 2025-03-10
Form Type: 8-K
Source: 0001493152-25-009657
Chunk: 0

Company: PetVivo Holdings, Inc.
Filing Date: 2025-03-10
Form: 8-K
Item: Item 1.01
Chunk 0
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Item
1.01 Entry into a Material Agreement.

Effective
as of March 6, 2025, Michael Eldred, a member of the Board of Directors (“ Lender”) of PetVivo Holdings, Inc. (the “ Company”),
entered into a promissory note (the “ Promissory Notes”), having a principal amount of $200,000. The maturity date of the
Promissory Note is on or about September 3, 2025 and the interest rate is 12% per annum.

Furthermore,
as additional compensation for entering into the Promissory Note, the Lender was issued a Warrant granting the right to purchase 100,000
shares of common stock of the Company (“ Warrant Shares”). The Warrant has a term of two years and an exercise price of $0.50
per Warrant Share.

The
foregoing is only a summary of the material terms of the Promissory Note and does not purport to be a complete description of the rights
and obligations of the parties thereunder. The summary of the Promissory Note is qualified in its entirety by reference to the forms
of such agreement, which is filed as Exhibit 10.1 this Current Report and incorporated herein by reference.

Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.