Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 108

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 108
---
 hereby amended by deleting said section in its entirety and adding the following in lieu thereof:

(d) Subject
to adjustment as described below in Section 4(e), the maximum aggregate grant date value of shares of Common Stock subject to Awards
granted to any Non-Employee Director during any calendar year for services rendered as a Non-Employee Director shall not exceed $1,000,000
in total value. For purposes of this limit, the value of such Awards shall be calculated based on the grant date fair value of such Awards
for financial reporting purposes.

2. Except
as expressly amended by this Amendment, the Plan shall continue in full force and effect in accordance with the provisions thereof.

<div align='center'>[Signature page follows.]

E-1</div>

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the date first written above.

| Petros                
 Pharmaceuticals, Inc. |                       |
| By:                   | /s/                   
 Joshua Silverman      |
| Name:                 | Joshua Silverman      |
| Title:                | Chairman of the Board |

<div align='center'>E-2</div>

ANNEX F

<div align='center'>CERTIFICATE OF AMENDMENT

OF

CERTIFICATE OF INCORPORATION

OF

PETROS PHARMACEUTICALS, INC.</div>

Petros Pharmaceuticals, Inc.
(the “Corporation”), a corporation organized and existing under and by virtue of the General Corporation Law of the State
of Delaware, does hereby certify that:

| 2. | Resolutions were duly adopted by the Board of Directors of the Corporation setting forth this proposed                                    
 Amendment to the Certificate of Incorporation and declaring said amendment to be advisable and calling for the consideration and approval 
 thereof at a meeting of the stockholders of the Corporation.                                                                              |

| 3. | The Certificate of Incorporation is hereby amended by amending Article FOURTH as follows: |

“The Company is authorized to issue a total of seven billion
fifty million (7,050,000,000) shares, of which (i) seven billion (700,000,000) shares shall be common stock, par value $0.001 per share
(“Common Stock”) and (ii) fifty million (50,000,000) shares shall be preferred stock, par value $0.001 per share (“Preferred
Stock”).”

| 4. | Pursuant to the resolution of the Board of Directors, a meeting of the stockholders