Company: VPLM
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010694
Chunk: 35

Company: Voip-pal.com Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 including
the incremental cost resulting from the option modifications.

As at March 31, 2025, the aggregate intrinsic value
of the Company’s stock options is $1,592,100 (September 30, 2024 - $1,173,900), and the total intrinsic value of options exercised
during the period ended March 31, 2025 was $29,000 (September 30, 2024 - $189,000).

NOTE 12. CONTINGENT LIABILITIES

Patent Litigation

The Company is party to patent
and patent-related litigation cases as follows:

    i.
    VoIP-Pal.com Inc. v. Amazon.com, Inc. et al. Case No. 6-20-cv-00272 in the U.S. District Court, Western District of Texas.

In April 2020, the Company filed a lawsuit
in the United States District Court, Western District of Texas, against Amazon.com, Inc. and certain related entities, alleging infringement
of U.S. Patent No. 10,218,606. The case is pending.

    ii.
    VoIP-Pal.com, Inc. v. Verizon Comms., Inc. et al. Case No. 6-21-cv-672 in the U.S. District Court, Western District of Texas

On September 25, 2021, the Company filed a
lawsuit in the U.S. District Court, Western District of Texas, against Verizon and related entities alleging infringement of U.S. Patent
Nos. 8,630,234 and 10,880,721. On July 29, 2024, the Court issued an order granting T-Mobile’s motion for summary judgment of non-infringement.
On August 15, 2024, the Court entered final judgment of non-infringement. On August 29, 2024, Verizon filed a motion for attorneys’
fees. On September 19, Verizon filed a motion for entry of bill of costs. On February 26, 2025, the Court denied VoIP-Pal’s motion
for reconsideration of the final judgment. The case is closed but the motions for attorneys’ fees and costs remain pending.

    iii.
    VoIP-Pal.com, Inc. v. T-Mobile US, Inc. et al. Case No. 6-21-cv-674 in the U.S. District Court, Western District of Texas

On September