Innovative Payment Solutions signs Mario Lopez endorsement deal; $300K cash + 15M warrants

Innovative Payment Solutions, Inc.

Two-year endorsement agreement with Pez-Mar, Inc. for Mario Lopez to serve as spokesperson effective July 8, 2022.
Cash fee of $300,000: $125,000 upon signing, $125,000 quarterly, and $50,000 on first anniversary.
Issues 15,000,000 warrants at $0.0345/share, 3-year term, vesting over term with acceleration on change of control.
Warrants exercisable cashless if shares not registered; include piggyback registration rights.
Lopez to provide social media posts, TV commercials, interviews, and photo shoots; standard non-compete and confidentiality.

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