PETVIVO HOLDINGS, INC. (OTCMKTS:TENP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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PETVIVO HOLDINGS, INC. (OTCMKTS:TENP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Compensatory Arrangements of Certain Officers

Item 3.02 Unregistered Sales of Equity
Securities

Effective March 8, 2017, four officers/directors of PetVivo
Holdings, Inc, a Nevada corporation (PetVivo) converted a total
of $1,209,919 past due compensation owed to them by PetVivo into
a total of 2,100,128 restricted common shares of PetVivo.

John Lai and John Dolan each converted $174,500 of their past due
compensation into 654,375 shares. Regarding John Lai, his
converted shares were offset and reduced by 500,000 shares
incident to a former escrow arrangement, resulting in Mr. Lai
receiving 154,375 shares through this transaction.

David Masters converted $455,919 of his past due compensation
into 683,878 shares.

Randall Meyer converted $405,000 of his past due compensation
into 607,500 shares.

All of the foregoing securities issuances were unregistered and
made by PetVivo as non-public transactions, and accordingly
exempt from registration in reliance on Section 4(a)(2) of the
Securities Act of 1933, as amended.