CEO William Corbett enters new employment; receives options for 20M shares at $0.15

Innovative Payment Solutions, Inc.

William Corbett's new employment agreement runs through Dec 31, 2024, with base salary of $30,000 per month.
Corbett receives option to purchase 20M shares at $0.15 exercise price; 50% vests immediately, 50% over 3 years.
Corbett eligible for cash bonus based on revenue or financial objectives set by Board; car allowance $800/month.
Severance: 50% of annual base salary if terminated without cause; 100% if within 12 months of an Acquisition.
Richard Rosenblum's amendment sets option grant date of Aug 31, 2021 for 10M shares at $0.15 exercise price.

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