Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 142

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 2
Chunk 142
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Securities
Authorized for Issuance Under Equity Compensation Plans

In
order to provide incentive to its directors, officers, management, employees, consultants and others who provide services to the Company
or any subsidiary (the “Service Providers”) to act in the best interests of the Company, and to retain such Service Providers,
the Company has in place an incentive Stock Option Plan (the “Plan”). Under the Plan, the Company is authorized to issue
up to 10% of its issued and outstanding share capital in options to purchase common shares of the Company. The maximum term of options
granted under the Plan cannot exceed ten years, with vesting terms determined at the discretion of the Board of Directors.

During
the year ended September 30, 2022, the Company granted 77,000,000 options to purchase 77,000,000 common shares at a price of $0.025 to
its consultants and advisors, of which 77,000,000 are currently outstanding and exercisable. On April 24, 2023, the stock options issued
on May 30, 2022 were re-priced from $0.025 to $0.005. The options have varied vesting provisions and are exercisable for a period of
five years from the date of grant.

During
the year ended September 30, 2023, the Company granted 75,000,000 options to purchase 75,000,000 common shares at a price of $0.005 per
share to its directors, consultants and advisors, of which 75,000,000 are currently exercisable. The options have varied vesting provisions
and are exercisable for a period of five years from the date of grant.

During
the year ended September 30, 2024, the Company granted 115,000,000 options to purchase 115,000,000 common shares at a price of $0.005
to its consultants and advisors, of which 115,000,000 are currently exercisable. The options have varied vesting provisions and are exercisable
for a period of five years from the date of grant.

During
the year ended September 30, 2025, the Company did not grant any option to purchase common shares.

As
at September 30, 2025, the Company has 274,500,000 stock options outstanding at an average exercise price of $0.005 per share, with a
remaining contractual life of an average of