Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 224

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1A
Chunk 224
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1,000,000 to 3,000,000. Unless sooner terminated by the Board, the Amended Plan will terminate at
midnight on July 10, 2030. The number of shares available to grant under the Amended Plan was 822,605 at March 31, 2025.

Employees,
consultants, and advisors of the Company, and non-employee directors of the Company will be eligible to receive awards
under the Amended Plan. In the case of consultants and advisors, however, their services cannot be in connection with the offer and sale
of securities in a capital-raising transaction nor directly or indirectly to promote or maintain a market for PetVivo common stock.

    F-17

The
Amended Plan is administered by the Compensation Committee of our Board of Directors (the “Committee”), which has full power
and authority to determine when and to whom awards will be granted, and the type, amount, form of payment, any deferral payment, and
other terms and conditions of each award. Subject to provisions of the Amended Plan, the Committee may amend or waive the terms and conditions,
or accelerate the exercisability, of an outstanding award. The Committee also has the authority to interpret and establish rules and
regulations for the administration of the Amended Plan. In addition, the Board of Directors may also exercise the powers of the Committee.

The
aggregate number of shares of PetVivo common stock available and reserved to be issued under the Amended Plan is 3,000,000 shares, but
includes the following limits:

    ● 
    the maximum aggregate number
    of shares of Common Stock granted as an Award to any Non-Employee Director in any one Plan Year will be 10,000 shares; provided that
    such limit will not apply to any election of a Non-Employee Director to receive shares of Common Stock in lieu of all or a portion
    of any annual Board, committee chair or other retainer, or any meeting fees otherwise payable in cash.

Awards
can be granted for no cash consideration or for any cash and other consideration as determined by the Committee. Awards may provide that
upon the grant or exercise thereof, the holder will receive cash, shares of PetVivo common stock, other securities or property, or any
combination of these in a single payment, installments or on a deferred basis. The exercise price per share of any stock option and the
grant price of any stock appreciation right may not be