Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 83

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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,000 shares of the Common Stock
at an exercise price of $0.005 per share (as adjusted for stock splits, stock combinations, and similar events). The Company is under
no obligation to register the shares of Common Stock underlying the Note or the Warrant, for public resale.

On June 24, 2025,
the Company entered into Securities Purchase Agreement pursuant to which the Company issued a convertible promissory note and a warrants
to one accredited investment entity for total gross proceeds of $50,000. The note is unsecured, matures 12 months from issuance date and
bear interest at a rate of 8% per annum based on a 360 day trading-year, and are convertible into shares of common stock of the Company
at a conversion price of $0.005 per share (as adjusted for stock splits, stock combinations, and similar events). The Notes may be
prepaid at any time without penalty. The Note contains customary events of default. The Company is under no obligation to register the
shares of Common Stock underlying the Notes for public resale. In terms of the Securities Purchase Agreement, the Company issued five-year
warrants to purchase an aggregate of 10,000,000 shares of the Common Stock at an exercise price of $0.005 per share (as
adjusted for stock splits, stock combinations, and similar events). The Company is under no obligation to register the shares of Common
Stock underlying the Note or the Warrant, for public resale.

On July 24, 2025,
the Company entered into Securities Purchase Agreement pursuant to which the Company issued a convertible promissory note and a warrants
to one accredited investment entity for total gross proceeds of $50,000. The note is unsecured, matures 12 months from issuance date and
bear interest at a rate of 8% per annum based on a 360 day trading-year, and are convertible into shares of common stock of the Company
at a conversion price of $0.005 per share (as adjusted for stock splits, stock combinations, and similar events). The Notes may be
prepaid at any time without penalty. The Note contains customary events of default. The Company is under no obligation to register the
shares of Common Stock underlying the Notes for public resale. In terms of the Securities Purchase Agreement, the Company issued five-year
warrants to purchase an aggregate of 10,000,000 shares of the Common Stock at an exercise price of $0