Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 293

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 293
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| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,376 |

<div align='center'>F-21

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 6 — Commitments and Contingencies

Operating Lease Obligations

On August 1, 2022 the Company
entered into a new lease agreement (the “Amended Lease”) whereby the Company agreed to rent its office and lab facilities
under month-to-month tenancy. The monthly rent payable under the Amended Lease was $25 thousand. This month-to-month lease ended in July
2024.

Beginning in October 2024,
the Company entered into a new lease agreement whereby the Company agreed to rent its office and lab facilities under month-to-month tenancy.
The monthly rent payable under the new lease is also $25 thousand. This month-to-month lease automatically renews every four months,
unless written termination is provided.

Operating costs for short-term
leases and variable lease costs were less than $0.1 million during the years ended December 31, 2024 and 2023. The Company
recognized a total of $0.3 million and $0.3 million in lease expense for the years ended December 31, 2024 and 2023,
respectively.

Contingencies and Indemnifications

From time to time, the Company
may have certain contingent liabilities that arise in the ordinary course of its business activities. The Company accrues a liability
for such matters when it is probable that future expenditures will be made and that such expenditures can be reasonably estimated. Significant
judgment is required to determine both probability and the estimated amount.

In the normal course of business,
the Company enters into contracts and agreements that contain a variety of representations and warranties and provide for general indemnifications.
The Company’s exposure under these agreements is unknown because it involves claims that may be made against the Company in the
future, but that have not yet been made.

To date, the Company has not
paid any claims; however, the Company may record charges in the future as a result of these indemnification obligations. The Company is
currently defending one litigation with a vendor. Management has accrued estimated incremental legal costs which totals less than $0.1
million related to the matter.

Note 7 — Convertible Preferred Stock

Under the Company’s
Amended