Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 127

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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, the Company
entered a settlement agreement with A.G.P. for the Cash Fee of $968,000 related to the debt private placement (the “Offering”)
that was issued at the Closing. Pursuant to the settlement agreement, as a result of the Business Combination, the Company paid A.G.P.
$550,000 at the Closing and the remaining $418,000 of the fees was deferred and due on the earlier of (i) the second tranche of the debt
private placement being issued and (ii) December 31, 2025. The Company also agreed to reimburse A.G.P. $50,000 for expenses incurred
in connection with the offering.

On June 15, 2023, the Company engaged the Benchmark Company LLC (“Benchmark”)
to provide advisory services related to the Business Combination and the Convertible Notes. The Company was to pay Benchmark at the closing
of the Business Combination an advisory fee of $750,000 in two tranches. The first tranche will be $500,000 earned upon the closing of
the Business Combination in the surviving public entity’s common stock (“Tranche 1”). The number of shares to be issued
is calculated on the 30th day following the Closing by dividing $500,000 and the trailing 5-day VWAP of the Company’s
common stock as calculated by Bloomburg with a minimum price of $2.00.  The second tranche will be $250,000, at the Company’s
option, in either cash or in the surviving entity’s common shares calculated by dividing $250,000 by the lowest trailing 5-day
VWAP in the prior 30 days (“Tranche 2”). Upon funding of the Convertible Notes by investors introduced by Benchmark, the
Company will pay to Benchmark fees in cash equal to 5% of the net proceeds of any Convertible Note draw at the time of funding of such
draw (“Arrangement Fees”). The Tranche 2 fee shall be reduced by the amount of any fees paid to Benchmark for other transactions
during the Term other than Arrangement Fees associated with Convertible Notes, after the Business Combination, up to $250,000. As a result
of the Business Combination, Benchmark was paid in shares of the post-combination company in the amount of $500,000.

Securities Purchase Agreement

On February 11, 2025, in a private transaction,
the Company entered into a securities purchase agreement (the “SPA