Company: PTPI
Filing Date: 2025-03-14
Form Type: PRER14A
Source: 0001104659-25-024012
Chunk: 102

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-14
Form: PRER14A
Chunk 102
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 by purchase, lease, merger, consolidation or otherwise,
of the business or assets of any corporation, firm or association, including Awards to employees thereof who become Employees, or (ii) limit
the right of the Company to grant stock options or make other awards outside of the Plan. The Committee may make an Award to an employee
of another corporation who becomes an Employee by reason of a corporate merger, consolidation, acquisition of stock or property, reorganization
or liquidation involving the Company, in substitution for a stock option or stock award granted by such corporation. Notwithstanding
anything in the Plan to the contrary, the Committee may establish such terms and conditions of the new Awards as it deems appropriate,
including setting the Exercise Price of Options or the base price of SARs at a price necessary to retain for the Participant the same
economic value as the prior options or rights.

(b) . The Plan shall be the controlling document. No other statements, representations, explanatory materials or examples, oral
or written, may amend the Plan in any manner. The Plan shall be final, conclusive and binding upon and enforceable against the Company
and its successors and assigns.

(c) . The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any
other segregation of assets to assure the payment of any Awards under the Plan.

(d) . Nothing in the Plan shall entitle any Employee, Non-Employee Director, Key Advisor or other person to any claim
or right to receive an Award under the Plan. Neither the Plan nor any action taken hereunder shall be construed as giving any individual
any rights to be retained by or in the employ of the Employer or any other employment rights.

(e) . No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan or any Award. Except as
otherwise provided under the Plan, the Committee shall determine whether cash, other awards or other property shall be issued or paid
in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

<div align='center'>C-12</div>

(f)
.

(i) The
Plan, the exercise of Options and SARs and the obligations of the Company to issue or transfer shares of Common Stock under Awards shall
be subject to all applicable laws and regulations, and to approvals by any governmental or regulatory agency as may be required. With
respect to persons subject to section 16 of the Exchange Act, it is the intent of