Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 348

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 6
Chunk 348
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 and
consultants. The following assumptions were used for the Black-Scholes valuation of these warrants on grant date as follows: risk-free
rate of 3.81%, expected life of 10 years, annualized historical volatility of 143.75% and a dividend rate of 0%. Expected volatilities
are based on the historical volatility of the Company’s stock and other factors. The weighted-average fair value per warrant is
$0.046.

During
the year ended September 30, 2022, on May 30, 2022, the Company issued 410,000,000 warrants to purchase common shares at a price of $0.025
per share for a period of five years from the date of issue to its directors, officers, employees and consultants. On April 24, 2023,
410,000,000 warrants granted on May 30, 2022, were modified to become fully vested and re-priced all such warrants from $0.025 to $0.005.
The following assumptions were used for the Black-Scholes valuation of these warrants on modification date as follows: risk-free rate
of 3.60%, expected life of 4.10 years, annualized historical volatility of 174.16% and a dividend rate of 0%. Expected volatilities are
based on the historical volatility of the Company’s stock and other factors. The fair market value that was recorded as additional
paid-in capital was $15,995,229. The weighted-average fair value per warrant is $0.039.

On
April 23, 2023, 621,470,562 warrants issued on April 12, 2021 were re-priced from $0.021 to $0.005. For the incremental cost on these
warrants modification, the following assumptions were used for the Black-Scholes valuation of warrants issued during the year ended September
30, 2023: risk-free rate of 4.78%, expected life of 7.99 years, annualized historical volatility of 169.15% and a dividend rate of 0%.
Expected volatilities are based on the historical volatility of the Company’s stock and other factors. The incremental cost that
has been recorded as additional paid-in capital from the modification of these warrants was $130,000. The weighted-average fair value
of these warrants issued was $0.036.

    31

VOIP-PAL.COM
INC.

Notes