Document:

Document

Exhibit 10.1

  
TRANSLATION FOR REFERENCE ONLY

Addendum to the Sub-concession Contract for the Operation of Games of Fortune and Chance or Other Games in Casino in the Macau Special Administrative Region
Between

SJM Resorts, S.A., hereinafter referred to as the concessionaire, with registered offices in Macau, at Avenida de Lisboa, no. 2 to 4, Hotel Lisboa, 9. o floor, registered with the Commercial and Movable Property Registrar Office under number 15056, herein represented by its attorneys Leong On Kei, holder of Macau Resident Identity Card no. 7385888(8) and Rui José da Cunha, holder of the Macau Resident Identity Card no. 1238667(8);

And

MGM Grand Paradise, S.A., hereinafter referred to as the sub-concessionaire, with registered offices in Macau, at Avenida do Dr. Sun Yat Sen, no. 1101, Edifício MGM Macau, registered with the Commercial and Movable Property Registrar Office under number 18972, herein represented by Feng, Kenneth Xiaofeng, holder of Hong Kong Resident Identity Card no. M365735(9), and António José Ferreira de Castro dos Santos Menano, holder of the Macau Resident Identity Card no. 5211513(6).
Whereas,

The concessionaire has been granted a concession by the Macau Special Administrative Region for the operation of games of fortune and chance or other games in casino by entering into an administrative concession contract for the operation of games of fortune and chance or other games in casino in the Macau Special Administrative Region on March 28, 2002, as amended on April 29, 2005, September 26, 2013, January 23, 2017, March 15, 2019 and March 23, 2020.

On June 23, 2022, the Macau Special Administrative Region and the concessionaire entered into an addendum to the concession contract for the operation of games of fortune and chance or other games in casino.
The parties hereby mutually accept and agree to execute the present addendum to the sub-concession contract for the operation of games of fortune and chance or other games in casino.
SJM Resorts, S.A., pursuant to clause 82 no. 1 of the sub-concession contract entered into between the concessionaire and the Sub-concessionaire, was authorized to enter into the present addendum.

Clause One: 

Amendment
Clauses eight, forty-three and sixty-three-A of the Sub-concession Contract for the Operation of Games of Fortune and Chance or Other Games in Casino entered into between the concessionaire and the sub-concessionaire on April 19, 2005, as amended on March 15, 2019 and March 23, 2020, are amended as follows:

"Clause eight - Deadline for sub-concession

One. The term of this sub-concession is extended until December 31, 2022. 

Two. (Unchanged)"

"Clause forty-three - Reversion of casinos and gaming equipment and utensils
			
	1

			
	

  
TRANSLATION FOR REFERENCE ONLY

One. On December 31, 2022, except when the sub-concession is terminated before this date, the casinos, as well as the gaming equipment and gaming utensils assigned to the games of the sub-concessionaire, even if located outside those, shall revert free of charge and automatically to the Macau Special Administrative Region, and the sub-concessionaire undertakes to deliver them in perfect condition and operation, without prejudice to the normal wear and tear from their use for the purposes of this sub-concession contract, and free of any encumbrances or charges.

Two. The sub-concessionaire undertakes to immediately deliver the assets referred to in the preceding paragraph and sign the documents legally specified by the Government.

Three. (Unchanged).

Four. (Unchanged). 

Five. (Unchanged). 

Six. (Unchanged)."

"Clause sixty-three A - Bank guarantee to warrant the fulfillment of labour liabilities

One. The sub-concessionaire undertakes to provide an autonomous bank guarantee at the first demand in an amount of not less than eight hundred and eighty million patacas in favour of the Macau Special Administrative Region, to warrant the fulfillment of labour liabilities upon expiry of the present sub- concession contract.

Two. (Unchanged).

Three. (Unchanged). 

Four. (Unchanged). 

Five. (Unchanged). 

Six. (Unchanged)."

Clause Two: 

New Clauses
Clauses nine A and forty-three A will be added to the sub-concession contract, as follows:

"Clause nine A - Locations for the operation of authorized games of fortune and
chance

The sub-concessionaire is authorized to operate games of fortune and chance in casino on the following premises:

1.“Casino MGM Macau”, located in Avenida Dr. Sun Yat Sen, NAPE, Macau;
2.“Casino MGM Cotai”, located in Avenida da Nave Desportiva, Cotai, Macau"

"Clause forty-three A - Casinos
			
	2

			
	

  
TRANSLATION FOR REFERENCE ONLY

Pursuant to paragraph 40 of Law No. 16/2001 and clause forty-three of the sub-concession contract, the following casinos of the sub-concessionaire shall revert free of charge and free of any encumbrances or charges to the Macau Special Administrative Region, at the time the sub-concession is terminated:

1.“Casino MGM Macau”;
2.“Casino MGM Cotai”."

Clause Three - Consideration for the extension:

One. As consideration for the extension of the term of the sub-concession for the operation of games of fortune and chance or other games in casino until 31 December 2022, the sub-concessionaire shall pay to the Macau Special Administrative Region, upon execution of this addendum, the amount of forty- seven million patacas.

Two. The sub-concessionaire undertakes to comply with the obligations stated in clause sixty-three-A, as amended by clause one hereinabove, within the term of three months from the date of execution of this Addendum.

Clause Four - Undertakings:
For the purposes of awarding this addendum, the sub-concessionaire accepts to sign documents undertaking to revert the casinos to the Macau Special Administrative Region as provided in Law No. 16/2001 and subsequent amendments, as well as in the Sub-concession Contract for the Operation of Games of Fortune and Chance or Other Games in Casino as amended herein. The scope of the casinos is demarcated in such documents.

Clause Five - Other contractual clauses:

The remaining clauses of the Sub-concession Contract remain unchanged.

Clause Six - Other:
This addendum, made in both official languages, is executed in three originals, with one original to be delivered to the concessionaire, one original to the sub- concessionaire and one original to the Macau Special Administrative Region.

Clause Seven - Entry into force:
This addendum shall be effective on the day of its execution by the parties.
Macau, on June 23, 2022.

									
	For the Concessionaire		For the Sub-concessionaire
			
	/s/ Leong, On Kei		/s/ Feng, Kenneth Xiaofeng
	Leong, On Kei		Feng, Kenneth Xiaofeng
			
	For the Concessionaire		For the Sub-concessionaire
			
	/s/ Rui José da Cunha		/s/ António José Ferreira de Castro dos Santos Menano
	Rui José da Cunha		António José Ferreira de Castro dos Santos Menano

			
	3Exhibit
10.5

 

PETVIVO
HOLDINGS, INC.

 

Non-Qualified
Stock Option Agreement

Under
the 2020 Equity Incentive Plan

 

PetVivo
Holdings, Inc. (the “Company”), pursuant to its 2020 Equity Incentive Plan (the “Plan”), hereby grants an Option
to purchase shares of the Company’s common stock to you, the Participant named below. The
terms and conditions of the Option Award are set forth in this Agreement, consisting
of this cover page and the Option Terms and Conditions on the following pages, and in the
Plan document, a copy of which has been provided to you. Any capitalized term that is not defined in this Agreement shall have
the meaning set forth in the Plan as it currently exists or as it is amended in the future.

 

	Name:

     

    Grant
    Date:

    Expiration
    Date:
	 	 
	 

    No.
    of Shares Covered:
	 	 
	 	 	 
	Exercise
    Price Per Share: 	 	 
	 	 	 
	

    Vesting
    and Exercise Schedule:

     

     

     

     

     

     
	 	 

 

By
signing below or otherwise evidencing your acceptance of this Agreement in a manner approved by the Company, you agree to all of the
terms and conditions contained in this Agreement and in the Plan document. You acknowledge
that you have received and reviewed these documents and that they set forth the entire agreement
between you and the Company regarding your right to purchase shares of the Company’s
common stock pursuant to this Option.

 

	PetVivo
    Holdings, Inc. 	 	Participant:
	 	 	 
	 	 	 
	 	 	 
	Accepted
    on: 	 	 
	 	 	 

 

    	 

    	 

    

 

PetVivo
Holdings, Inc.

2020
Equity Incentive Plan

Non-Qualified
Stock Option Agreement

Option
Terms and Conditions

 

1. Non-Qualified
Stock Option. This Option is not intended to be an “incentive stock option” within
the meaning of Section 422 of the Internal Revenue Code and will be interpreted
accordingly.

 

2.
Vesting and Exercisability
of Option.

 

(a)
Scheduled Vesting. This Option will vest and
become exercisable as to the number of Shares and on the dates specified in the Vesting and Exercise Schedule on the cover page to this
Agreement, so long as your Service to the Company does not end. The Vesting and Exercise Schedule
is cumulative, meaning that to the extent the Option has not already been exercised and
has not expired or been terminated or cancelled, you or the person otherwise entitled to exercise the
Option as provided in this Agreement may at any time purchase all or any portion of the Shares
subject to the vested portion of the Option.

 

(b)
Acceleration upon a Change in Control. Upon a
Change in Control of the Company, all Options granted under this Agreement shall immediately be 100% vested without regard to the vesting
restrictions contained in this Agreement.

 

3.
Expiration.
This Option will expire and will no
longer be exercisable at 5:00 p.m. Central Time on the
earliest of:

 

(a)
The expiration date specified
on the cover page of this Agreement;

(b)
Upon your termination
of Service for Cause; or

(c)
Upon the expiration of any applicable period specified
in Section 13 of the Plan or Section 2 of this Agreement during which this Option may be exercised after your termination of Service.

 

4.
Service Requirement. Except as otherwise
provided in Section 13 of the Plan or Section 2 of this Agreement, this Option may be exercised
only while you continue to provide Service to the Company or any Affiliate, and only
if you have continuously provided such Service since the Grant Date of this Option.

 

5.
Exercise of Option.
Subject to Section 4, the vested and exercisable portion
of this Option may be exercised in whole or in part at any time during the Option term by delivering a written or electronic notice of
exercise to the Company’s Chief Financial Officer or to such other party as may be designated by
such officer, and by providing for payment of the exercise price of the Shares being acquired and any related withholding taxes.
The notice of exercise must be in a form approved by the Company and state the number of Shares to be purchased, the method of payment
of the aggregate exercise price and the directions for the delivery of the Shares to be acquired,
and must be signed or otherwise authenticated by the person exercising the Option. If you are not the person exercising the Option,
the person submitting the notice also must submit appropriate proof of his/her right to exercise the Option.

 

    	Non-Qualified Stock Option Agreement (2020 Equity Incentive Plan)	Page 2

    	 

    

 

6.
Payment of Exercise Price. When you submit your notice of
exercise, you must include payment of
the exercise price of the Shares being purchased through one
or a combination of the following methods: (a) Cash (including personal check, cashier’s check or
money order) or (b) other methods set forth in section 6.5 of the Plan. 

 

7.
Withholding Taxes. You may not exercise
this Option in whole or in part unless you make arrangements acceptable to the Company for payment of any federal, state, local or foreign
withholding taxes that may be due as a result of the exercise of this Option. You hereby authorize the Company (or any
Affiliate) to withhold from payroll or other amounts payable to you any sums required to
satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions
of Section 14 of the Plan. If you wish to satisfy some or all of such withholding tax obligations
by delivering Shares you already own or by having the Company retain a portion of the Shares being acquired
upon exercise of the Option, you must make such a request which shall be subject to approval
by the Company. Delivery of Shares upon exercise of this Option is subject to the satisfaction
of applicable withholding tax obligations.

 

8.
Delivery of Shares. As soon as practicable
after the Company receives the notice of exercise and payment of the exercise price as provided above, and has determined that all other
conditions to exercise, including satisfaction of withholding tax obligations and compliance with applicable laws have been satisfied,
it shall deliver to the person exercising the Option, in the name of such person, the Shares being purchased, as evidenced by issuance
of a stock certificate or certificates, electronic delivery of such Shares to a brokerage account designated by such person,
or book-entry registration of such Shares with the Company’s transfer agent. The Company
shall pay any original issue or transfer taxes with respect to the issue or transfer of the Shares and all fees and expenses
incurred by it in connection therewith. All Shares so issued shall be fully paid and nonassessable.

 

9.
Transfer of Option.
During your lifetime, only you (or your guardian or legal
representative in the event of legal incapacity) may exercise this Option, except in the case of a transfer described below. You may
not assign or transfer this Option except pursuant to Section 16.4 of the Plan. The Option held
by any such transferee will continue to be subject to the same terms and conditions that were applicable to the Option immediately
prior to its transfer and may be exercised by such transferee as and to the extent that the Option has become exercisable and has not
terminated in accordance with the provisions of the Plan and this Agreement.

 

10.
No Stockholder Rights Before Exercise.
Neither you nor any permitted transferee of this Option will have any of the rights of a stockholder of the Company with respect to any
Shares subject to this Option until a certificate evidencing such Shares has been issued,
electronic delivery of such Shares has been made to your designated brokerage account, or
an appropriate book entry in the Company’s stock register
has been made. No adjustments shall be made for dividends or other rights if the applicable
record date occurs before your stock certificate has been issued, electronic delivery
of your Shares has been made to your designated brokerage account, or an appropriate book entry in the Company’s stock register
has been made, except as otherwise described in the Plan.

 

    	Non-Qualified Stock Option Agreement (2020 Equity Incentive Plan)	Page 3

    	 

    

 

11.
Governing Plan Document.
This Agreement and Option are subject to all the provisions
of the Plan, and to all interpretations, rules and regulations which may, from time to time, be adopted and promulgated
by the Committee pursuant to the Plan. If there is any conflict between the provisions of
this Agreement and the Plan, the provisions of the Plan will govern.

 

12.
Choice of Law. This Agreement will be
interpreted and enforced under the laws of the state of Nevada (without regard to its conflicts or choice of law principles).

 

13.
Binding Effect. This Agreement will be
binding in all respects on your heirs, representatives, successors and assigns, and on the successors and assigns of the Company.

 

14.
Other Agreements. You agree that in connection
with the exercise of this Option, you will execute such documents as may be necessary to become a party to any stockholder, voting or
similar agreements as the Company may require.

 

15.
Electronic Delivery and Acceptance. The
Company may deliver any documents related to this Option Award by electronic means and request your acceptance of this Agreement by electronic
means. You hereby consent to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line
(and/or voice activated) system established and maintained by the Company or the Company’s third-party stock plan administrator.

 

By
signing the cover page of this Agreement or otherwise accepting this Agreement in a manner approved by the Company, you agree to all
the terms and conditions described above and in the Plan document.

 

    	Non-Qualified Stock Option Agreement (2020 Equity Incentive Plan)	Page 4

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