PetVivo Holdings, Inc. announced a private placement of a promissory note for the gross proceeds of $300,000 on April 10, 2024. The note will have a coupon rate of 10% and will be convertible into unit at a conversion price of $0.70 per unit and will mature on May 10, 2024. Each unit is one restricted share of Company Common Stock, having a par value of $0.001 per share (?Share?) and one (1) common stock purchase warrant (?Purchase Warrant?), granting the holder of one (1) Purchase Warrant thereof the right to purchase one (1) Share at any time from the issue date of the Warrant through and including the third (3rd) anniversary of such date, for a strike price of one dollar and fifty cents ($1.50) per Purchase Warrant (the ?Warrants?).

The transaction will include participation from returning investor, A.L. Sarroff Fund, Llc, a fund managed by, A.L. Sarroff Management, LLC.