Company: VPLM
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006777
Chunk: 14

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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000.

On
January 31, 2024, the Company entered into a Promissory note Agreement (the “Note”). The related party waives the right to
receive any interest on the principal amount of the Note and the Note is due on demand. On March 20, 2024, the Company paid back a $125,000
loan to the related party. On April 16, 2024, the Company paid back another $125,000 loan to the related party. As of December 31, 2024,
loan payable had a balance of $nil (September 30, 2024 - $nil) (Note 8).

NOTE
8. RELATED PARTY TRANSACTIONS AND KEY MANAGEMENT COMPENSATION

The
Company compensates certain of its key management personnel to operate its business in the normal course. Key management includes the
Company’s senior officers and members of its Board of Directors.

Compensation
paid or accrued to key management for services during the interim periods ended December 31, 2024 and 2023 includes:

 SCHEDULE OF COMPENSATION PAID OR ACCRUED TO KEY MANAGEMENT FOR SERVICES

    December 31, 2024  
    December 31,
                                                                               2023 
  
    Management fees paid to the CFO 
     26,694  
     15,000 
  
    Fees paid or accrued to Directors 
     16,798  
     6,000 
  
    Stock-based compensation (Note 11) 
     -  
     77,861 
  
     Total
    fees paid 
    $43,492  
    $98,861 

On
January 31, 2024, the Company entered into a Promissory note Agreement (the “Note”) with a related party. The related party
waives the right to receive any interest on the principal amount of the Note and the Note is due on demand. On March 20, 2024, the Company
paid back a $125,000 loan to the related party. On April 16, the Company paid back another $125,000 loan to the related party. As of
December 31, 2024, loan payable had a balance of $nil (September 30, 2024 - $nil) (Note 7).

At
December 31, 2024, included in accounts payable and accrued liabilities is $nil (September 30,