Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 575

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 575
---
0.345    7,248,896    3.69         7,248,896         3.69   $0.450    266,668    3.48         266,668         3.48   $1.035    500,000    0.52         500,000         0.52   $1.500    33,334    3.61         33,334         3.61   $4.500    505,560    1.21         505,560         1.21   $5.625    80,889    1.21         80,889         1.21         22,011,614    3.05   $0.3199    22,011,614   $0.3199    3.05  

*After giving effect to a 1
for 30 reverse stock split on August 30, 2023.

The
warrants outstanding have an intrinsic value of $0 and $0 as of December 31, 2024 and 2023.

F-29

INNOVATIVE PAYMENT
SOLUTIONS, INC.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

15STOCKHOLDERS’ EQUITY
(continued)

e.Stock options

On
June 18, 2018, the Company established its 2018 Stock Incentive Plan (the “Plan”). The purpose of the Plan is to promote the
interests of the Company and the stockholders of the Company by providing directors, officers, employees and consultants of the Company
with appropriate incentives and rewards to encourage them to enter into and continue in the employ or service of the Company, to acquire
a proprietary interest in the long-term success of the Company and to reward the performance of individuals in fulfilling long-term corporate
objectives. The Plan terminates after a period of ten years in June 2028.

The
Plan is administered by the Board or a committee appointed by the Board, who have the authority to administer the Plan and to exercise