Company: PFSA
Filing Date: 2025-04-03
Form Type: S-4/A
Source: 0001213900-25-028544
Chunk: 378

Company: Profusa, Inc.
Filing Date: 2025-04-03
Form: S-4/A
Chunk 378
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asing to constitute at least a majority of the New Profusa Board over a 24 -monthperiod. Clawback of Awards The awards granted under the Equity and Incentive Plan and any cash payment or shares of common stock delivered pursuant to an award are subject to forfeiture, recovery by New Profusa or other action pursuant to the applicable award agreement or any clawback or recoupment policy which New Profusa may adopt from time to time, including any such policy which New Profusa may be required to adopt under the Dodd -FrankWall Street Reform and Consumer Protection Act and implementing rules and regulations thereunder, or as otherwise required by law. Effective Date, Termination, Amendment and Repricing The Equity and Incentive Plan will become effective as of the closing of the Business Combination and will terminate on the 10 thanniversary of the effective date of the Equity and Incentive Plan, unless earlier terminated by the New Profusa Board. The New Profusa Board may amend the Equity and Incentive Plan or any award agreement at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation, including any rule of the Nasdaq, or any other stock exchange on which the shares are then traded and provided that no amendment may be made that seeks to modify the non -employeedirector compensation limit under the Equity and Incentive Plan or that materially impairs the rights of a holder of an outstanding award without the consent of such holder. The Equity and Incentive Plan permits the following actions without stockholder approval: (i) reduction of the purchase price or base price of any option or SAR previously granted under the Equity and Incentive Plan, (ii) cancelation of any option or SAR previously granted under the Equity and Incentive Plan in exchange for another option or SAR with a lower purchase price or base price or (iii) cancelation of any option or SAR previously granted under the Equity and Incentive Plan in exchange for cash or another award. Eligibility Participants in the Equity and Incentive Plan will consist of such officers, other employees, non -employeedirectors, consultants, independent contractors, and agents of New Profusa and its subsidiaries (and such persons who are expected to become any of the foregoing) as selected by the Plan Committee. The aggregate value of cash compensation and the grant date fair value of shares of common stock that may be awarded or granted during any fiscal year of New Profusa to any non -employeedirector will not exceed $[•]