Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 465

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 7A
Chunk 465
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Clifton Saylor was appointed to the board of directors in July 2022.

(5)
Austin McDonald was appointed to the board of directors in April 2024.

38

Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The
following table sets forth certain ownership information with respect to our common stock for those persons who directly or indirectly
own, control or hold, with the power to vote five percent or more of our outstanding common stock, and all officers and directors, as
a group.

    Name of Beneficial Owner 
    Amount of
                                                                                Direct  Ownership  
    Amount of
                                                                                Indirect  Ownership  
    Percent of  Class 
  
    Emil Malak 
     Nil  
     Nil  
     0.00%
  
    Jin Kuang 
     25,000  
     Nil  
     0.00%
  
    Kevin Williams 
     Nil  
     Nil  
     0.00%
  
    Dennis Chang 
     Nil  
     Nil  
     0.00%
  
    Clifton Saylor 
     Nil  
     87,333,334 (1) 
     2.33%
  
    Austin McDonald 
     5,400,000  
     Nil  
     0.14%

    (1)
    These shares are owned
    by Saylor Marketing, Inc. Profit Sharing Plan, of which Mr. Saylor is the trustee.

Item
13. Certain Relationships and Related Transactions.

Related
Party Transactions

During
the year ended September 30, 2025, the Company paid cash of $186,200 (2024 - $145,361) and issued preferred shares of $nil (2024 - $5,289)
for key management compensation totaling $186,200 (2024 - $150,650), as shown in the above table included in item 11. During the year
ended September 30, 2025, $1,479,014 (2024 - $4,193,110) stock-based compensation expenses were incurred from options and warrants granted
to directors and officers.

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