Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 1215

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 9A
Chunk 1215
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 amended in November 2023, the Company entered into a promissory note for $120,000.
The note accrued interest at a rate of 10%
per annum. The principal and accrued interest were due in February
2024. The holder of the note had the option
to convert the principal and accrued interest into shares of the Company’s common stock at a conversion rate of $0.75 per
share. On February 5, 2024, the note and accrued interest totaling $123,255 was
converted into 164,340 shares
of common stock.

On
March 8, 2024, the Company entered into a convertible promissory note for $150,000.
The note accrued interest at a rate of 10%
per annum. The principal and accrued interest were due in April 2024. The holder of the note had the option to convert the principal
and accrued interest into shares of the Company’s common stock at a conversion rate of $0.70
per share. On April 10, 2024, the company entered into another promissory note for an additional $150,000
whereby the new principal balance was $300,000
with the same terms. On April 29, 2024, the noteholder converted the $300,000
principal balance, along with $1,558
of accrued interest into 430,798
common shares and 430,798
warrants to purchase shares with a strike price of $1.50
per share expiring in three
years.

On
September 9, 2024, the Company entered into a convertible promissory note for $150,000.
The note accrued interest at a rate of 10%
per annum. The original maturity date was November 9, 2024, whereby an amendment extended the maturity date to December 31, 2025.
The holder of the note has the option to convert the principal and accrued interest at a conversion price of the lesser of i) the
per Share price at which the Company sells Shares of the Company Common Stock in a Qualified Financing occurring on or before the
Maturity Date of this Note, or ii) Fifty Cents ($0.50)
per Share (“Conversion Price”); each Share consists of one (1) share of PetVivo Holdings, Inc. restricted common stock
(“Common Stock”). On September 27, 2024, the Company entered into another promissory note