Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 295

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 5
Chunk 295
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 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
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