Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 13

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 13
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 and consultants, and
to incentivize and align the interests of the plan participants with the interests of our stockholders. We have reserved 1,100,000 shares
of our common stock for issuance under the 2017 Plan. Grants pursuant to the 2017 Plan may be: i) incentive stock options; ii) non-statutory
stock options; iii) stock awards, including shares of our common stock and stock units; and iv) stock appreciation rights.

The board of directors or a committee of the board
of directors administers the 2017 Plan. Presently, the 2017 Plan is administered by our board of directors. The term of each plan option
and the manner in which it may be exercised is determined by the board of directors or a committee of the board of directors, provided
that no option may be exercisable more than 10 years after the date of its grant and, in the case of an incentive option granted to an
eligible employee owning more than 10% of the common stock, no more than five years after the date of the grant. The terms of grants or
any other type of award under the plan are determined by the board of directors or committee of the board of directors at the time of
grant. The 2017 Plan provides that the maximum value of any award during any calendar year cannot exceed $1,000,000.

Any option granted under the
plan must provide for an exercise price of not less than 100% of the fair market value of the underlying shares on the date of grant,
but the exercise price of any ISO granted under the 2017 Plan to an eligible employee owning more than 10% of our outstanding common stock
must not be less than 110% of fair market value on the date of the grant. The 2017 Plan further provides that with respect to ISOs the
aggregate fair market value of the common stock underlying the options which are exercisable by any plan participant during any calendar
year cannot exceed $100,000. Option awards may provide for the exercise by means of cash, consideration received by us under a broker-assisted
sale and remittance program, cashless exercise, any other consideration legally permitted, or a combination of the foregoing. The 2017
Plan administrator may also determine the method of payment of the exercise price at the time the option is being exercised. Grants under
the 2017 Plan are not transferable. 

Generally, options which are
exercisable at the