Company: PTPI
Filing Date: 2025-03-14
Form Type: PRER14A
Source: 0001104659-25-024012
Chunk: 106

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-14
Form: PRER14A
Chunk 106
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0 Omnibus Incentive Compensation Plan (the “Plan”).

<div align='center'>RECITALS</div>

WHEREAS, Section
17(a) of the Plan provides that the Board of Directors of the Company (the “Board”) may amend the Plan at any
time and from time to time, provided that the Board shall not amend the Plan without stockholder approval if such approval is required
in order to comply with the Code or any other applicable law, or to comply with the applicable stock exchange requirements;

WHEREAS, the Board
desires to amend the Plan to increase the aggregate number of shares of Common Stock that may be issued under the Plan, as set forth
in Section 4(a) of the Plan, by an additional 2,500,000 shares of Common Stock; and

WHEREAS, the Board
intends to submit this Amendment to the Company’s stockholders for their approval in accordance with Section 17(a) of the Plan.

NOW, THEREFORE, in
accordance with Section 17(a) of the Plan, the Company hereby amends the Plan as follows:

1. Section
4(a) of the Plan is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following new Section
4(a):

(a) . Subject to adjustment as described below in Sections 4(b) and 4(e), the maximum aggregate number of shares of Common
Stock that may be issued or transferred under the Plan with respect to Awards made on and after the Effective Date shall be 2,760,000
shares. In addition, and subject to adjustment as described below in Sections 4(b) and 4(e), shares of Common Stock subject to outstanding
Awards granted under the Plan before the Effective Date and shares of Common Stock subject to outstanding grants under the Prior Plans
that terminate, expire or are cancelled, forfeited, exchanged or surrendered without having been exercised, vested or paid in shares
after the Effective Date shall be added to the shares reserved under the Plan. The aggregate number of shares of Common Stock that may
be issued or transferred under the Plan pursuant to Incentive Stock Options granted on and after the Effective Date shall not exceed
2,760,000 shares of Common Stock.

2. This
Amendment shall be effective on the date first set forth above. In the event stockholder approval of this Amendment is not obtained
within twelve (12) months of the date the Board approved this Amendment, the additional shares added