Company: VPLM
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006777
Chunk: 27

Company: Voip-pal.com Inc
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 $0.005 per share to its directors, consultants
and advisors.

During
the year ended September 30, 2023, on May 31, 2023, the Company granted 75,000,000 options to purchase 75,000,000 common shares at a
price of $0.005 to its consultants and advisors. The options are exercisable for a period of five years from the date of grant, with
68,500,000 options vesting on the date of the option grant, 3,500,000 options vesting on May 31, 2024, and 3,000,000 options vesting
on May 31, 2025. The vesting period was amended on June 1, 2024 that all options were vested on grant date. The following assumptions
were used for the Black-Scholes valuation of stock options on grant date as follows: risk-free rate of 3.74%, expected life of 5 years,
annualized historical volatility of 148.52% and a dividend rate of 0%. Expected volatilities are based on the historical volatility of
the Company’s stock and other factors.

During
the year ended September 30, 2022, on May 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. The options are exercisable for a period of five years from the date of grant, with
the first 50% vesting on the date of the option grant and the remaining 50% vesting on May 30, 2023. On April 24, 2023, the stock options
issued on May 30, 2022 were re-priced from $0.025 to $0.005. For the incremental cost on the option modification, the following assumptions
were used for the Black-Scholes valuation: risk-free rate of 3.60%, expected life of 4.1 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 incremental cost that has been recorded as additional paid-in capital from the modification of these options was $105,571 (2022 -
$nil).

    17

VOIP-PAL.COM
INC.

Notes
to the Inter