Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 374

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 374
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 THE EQUITY INCENTIVE PLAN PROPOSAL Overview NorthView is asking NorthView stockholders to vote upon a proposal to approve the Equity and Incentive Plan, including the authorization of the initial share reserve under the Equity and Incentive Plan. The NorthView Board adopted the Equity and Incentive Plan on [•], subject to its approval by the NorthView stockholders. If the stockholders approve the Equity and Incentive Plan, it will become effective upon the Closing of the Business Combination. Purposes of the Equity and Incentive Plan The purposes of the Equity and Incentive Plan are (i) to align the interests of New Profusa stockholders and the recipients of awards under the Equity and Incentive Plan by increasing the proprietary interest of such recipients in New Profusa’s growth and success, (ii) to advance the interests of New Profusa by attracting and retaining non -employeedirectors, officers, other employees, consultants, independent contractors and agents and (iii) to motivate such persons to act in the long -termbest interests of New Profusa and its stockholders. Description of the Equity and Incentive Plan The following description is qualified in its entirety by reference to the plan document, a copy of which is attached as Annex C to this proxy statement/consent solicitation statement/prospectus and incorporated into this proxy statement/consent solicitation statement/prospectus by reference. Administration The Equity and Incentive Plan will be administered by the compensation committee of the New Profusa Board, or a subcommittee thereof, or such other committee designated by the New Profusa Board (the “Plan Committee”), in each case consisting of two or more members of the New Profusa Board. Each member of the Plan Committee is intended to be (i) a “non -employeedirector” within the meaning of Rule 16b -3under the Exchange Act, and (ii) “independent” within the meaning of the rules of the Nasdaq Capital Market. Subject to the express provisions of the Equity and Incentive Plan, the Plan Committee has the authority to select eligible persons to receive awards and determine all of the terms and conditions of each award. All awards are evidenced by an agreement containing such provisions not inconsistent with the Equity and Incentive Plan as the Plan Committee approves. The Plan Committee also has authority to establish rules and regulations for administering the Equity and Incentive Plan and to decide questions of interpretation or application of any provision of the Equity and Incent