Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 1341

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 9C
Chunk 1341
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 the Company. The RSUs will vest automatically
    if there is a Change of Control (as defined in our Equity Incentive Plan).

    (3)
    Mr.
    Folkes was granted a nonqualified stock option grant on October 19, 2022 to purchase 200,000 shares of our common stock at an exercise
    price of $2.40 per share. The options have a seven-year life and vest 66,667 shares on October 19. 2022, 66,667 shares on October
    19, 2023, and 66,666 shares on October 19, 2024. The options will vest automatically if there is a change of control (as defined
    in our Equity Incentive Plan). 

    (4)
    Comprised
    of 14,000 unvested shares underlying an RSU award granted on April 14, 2021, which will vest on January 1, 2024, and 18,000 unvested
    shares underlying an RSU award granted on September 9, 2021, which will vest on March 31, 2024, with both RSU awards subject to the
    executive’s continued employment with the Company. The RSUs will vest automatically if there is a change of control (as defined
    in our Equity Incentive Plan).

    (5)
    Comprised
                                            of 21,666 unvested shares underlying an RSU award granted on September 9, 2021, which will
                                            vest on March 31, 2024, subject to the executive’s continued employment with the Company.
                                            The RSUs will vest automatically if there is a Change of Control (as defined in our Equity
                                            Incentive Plan).

    (6)
    Mr.
    Lowenthal employment began on March 8, 2024. No RSUs or stock options were issued in fiscal year 2024 or 2025. Mr. Lowenthal’s
    employment agreement issued 90,000 shares of restricted common stock, based on a vesting schedule. During the fiscal year 2025, the
    Compensation Committee removed the vesting schedule and had the restricted shares issued.

41

Executive
Employment Agreements

Prior
Employment Agreements

The
Company entered into an employment agreement (“2019 Agreement”) with John Lai on October 1, 2019, to serve as the