Company: PFSA
Filing Date: 2025-02-19
Form Type: 8-K
Source: 0001213900-25-014987
Chunk: 1

Company: Profusa, Inc.
Filing Date: 2025-02-19
Form: 8-K
Item: Item 1.01
Chunk 1
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 will be purchased in multiple tranches:

  (i)      The                                                                                         

  (ii)      Prior                                                                                         

  (a)      Provided                                                                                      

  (b)      Provided                                                                                        

  (c)      The                                                                                        

Form
of Convertible Note

Each
Convertible Note will mature on the date that is 18-months from its respective closing date (the “ Maturity Date”) and is
convertible at any time at the holder’s option at the lower of $10 or 95% of the lowest daily volume-weighted average price per
share of New Profusa Common Stock in the 10 trading days prior to the original issue date for each Convertible Note and shall be adjusted,
without limitation, based on down-round and most-favored nation price and terms protections.

Interest
shall accrue on the aggregate unconverted and then outstanding principal amount of the Convertible Notes at a rate of 10% per annum and
increase upon an event of default to 24% per annum. Payments made in cash under the Convertible Notes shall be subject to a 5% fee which
shall be in addition to any amounts owing thereunder. The Convertible Notes provide for certain events of default that are typical for
a transaction of this type, including, among other things, any breach of the representations or warranties made by NorthView or its subsidiaries.
The Convertible Notes also provide for a 10% fee in case of late payments and mandatory prepayments upon Subsequent Offerings (as defined
in the form of Convertible Note) and, in the absence of an event of default, may be prepaid upon 10 business day’s prior notice,
subject to conversion rights.

The
Convertible Notes may not be converted by the Investor into shares of New Profusa Common Stock if such conversion would result in the
Investor and its affiliates owning in excess of 4.99% of the number of shares of New Profusa Common Stock outstanding immediately after
giving effect to the issuance of all shares issuable upon conversion of the Convertible Notes.

Form
of Lock-Up Agreement

Pursuant
to the SPA, on the Initial Closing Date certain holders of NorthView common stock, including each officer and director of NorthView,
will enter into a lock-up agreement (the “ Lock-Up Agreement”), pursuant to which they will agree not to, subject to certain
customary exceptions, offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of any shares