Company: VYND
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001079973-25-001679
Chunk: 13

Company: Vynleads, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 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 date of the plan participant’s termination from our employment or severance of the relationship with our
company must be exercised within three months of the termination date; the plan administrator may extend the exercise period of the option
for a separated plan participant providing that the extended date does not go beyond the original expiration date of the option. Similarly,
generally options which are exercisable at the date of the plan participant’s disability or death must be exercised within nine months of the termination date in the event of the disability of the plan participant or 12 months following the plan participant’s
death. In our discretion, any outstanding options held by a plan participant terminated for cause may be immediately canceled.

In the event there is a “change
in control” of our company as defined in the 2017 Plan, as determined by the board of directors or the committee, we may in our
discretion: i) provide for the assumption or substitution of, or adjustment (including to the number and type of shares and exercise or
purchase price applicable) to, each outstanding award; ii) accelerate the vesting of options and terminate any restrictions on stock awards;
and/or iii) provide for termination of awards as a result of the change in control on such terms and conditions as it deems appropriate,
including providing for the cancellation of awards for a cash or other payment to the participant.

The number of shares of our
common stock underlying any outstanding but unexercised option and the exercise price of that option will be proportionally adjusted in
the event of a stock split, stock combinations, dividends, and similar corporate events.

On June 14, 2018, pursuant to the employment agreement
with Mr. Mannine, we issued100,000stock options with an exercise price of $0.225. Such options fully vest upon the effectiveness of
a registration statement on Form S-1. We determined that the options had an initial fair value of $13,221. We estimated the fair value
of these options using the Black-Scholes option pricing model, based on the following assumptions: the recent cash offering price of $0.