Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 349

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 6
Chunk 349
---
to the Consolidated Financial Statements

(Expressed
in United States Dollars)

September
30, 2025

NOTE
11. STOCK-BASED COMPENSATION (CONT’D)

Common
Share Purchase Options

In
order to provide incentive to 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”) whereby 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.

The
following table summarizes the Company’s stock option transactions:

 SCHEDULE OF STOCK OPTIONS TRANSACTIONS

    Number of options  
    Weighted average exercise price ($) 
  
    Balance September 30, 2023 
     209,500,000  
    $0.005 
  
    Granted 
     115,000,000  
     0.005 
  
    Exercised 
     (45,000,000) 
     0.005 
  
    Balance September 30, 2024 
     279,500,000  
    $0.005 
  
    Granted 
     -  
     - 
  
    Exercised 
     (5,000,000) 
     0.005 
  
    Balance September 30, 2025 
     274,500,000  
    $0.005 

The
following table summarizes the stock options outstanding at September 30, 2025:

 SCHEDULE OF STOCK OPTIONS OUTSTANDING

    Options Outstanding  
    Exercise  Price  
    Remaining
                                                                               Contractual Life (Years)  
    Number of Options Currently Exercisable 
  
     40,000,000  
    $0.005  
     0.56  
     40,000,000 
  
     64,500,000  
     0.005  
     1.67  
     64,500,000 
  
     65,000,000  
     0.005  
     2.67  
     65