Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 202

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 202
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 stockholders for breach of fiduciary duty as a director or officer, unless the director or officer committed both
a breach of fiduciary duty and such breach was accompanied by intentional misconduct, fraud or knowing violation of law. These provisions
may discourage stockholders from bringing suit against a director or officer for breach of fiduciary duty and may reduce the likelihood
of derivative litigation brought by stockholders on behalf of us against a director or officer.

We are responsible
for the indemnification of our officers and directors.

Should our officers
and/or directors require us to contribute to their defense in an action brought against them in their capacity as such, we may be required
to spend significant amounts of our capital. Our articles of incorporation, as amended, and bylaws also provide for the indemnification
of our directors, officers, employees, and agents, under certain circumstances, against attorney’s fees and other expenses incurred
by them in any litigation to which they become a party arising from their association with or activities on behalf of us. In addition,
we have entered into an indemnification agreement with our Chief Executive Officer. This indemnification policy could result in substantial
expenditures, which we may be unable to recoup. If these expenditures are significant or involve issues which result in significant liability
for our key personnel, we may be unable to continue operating as a going concern.

We do not expect
to pay dividends on our common stock in the foreseeable future.

We have not paid cash
dividends on our common stock to date and we do not expect to pay dividends on our common stock for the foreseeable future, and we may
never pay dividends. Consequently, the only opportunity for investors to achieve a return on their investment may be if an active trading
market develops, and investors are able to sell their shares for a profit or if our business is sold at a price that enables investors
to recognize a profit, neither of which we can guarantee will ever take place. Our payment of any future dividends will be at the discretion
of our Board of Directors after taking into account various factors, including but not limited to our financial condition, operating
results, cash needs, and growth plans.

18

Item 1B. Unresolved Staff Comments

None

Item 1C. Cybersecurity

The manner in which
we store and/or transmit sensitive data in connection with our payment processing solutions is an important part of how we operate and
plan to operate. We recognize the importance of assessing, identifying, and managing material risks