PetVivo borrows $200K from director Michael Eldred at 12% interest; issues 100K-share warrant

PetVivo Holdings, Inc.

Principal $200,000, 12% annual interest, maturity on or about September 3, 2025.
Lender received warrant to purchase 100,000 shares at $0.50/share with two-year term.
Note secured by first-priority security interest in accounts receivable from Vedco and Clipper Distributing.
Transaction is with a related party (board member Michael Eldred).
Prepayment allowed without penalty; warrants are additional compensation for the loan.

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