iQSTEL Inc (IQST)

[Knux]

We're rapidly approaching the deadline for the MOU agreement with Smartbiz. It was signed 11/18/21 while being valid for the following six months. Full text of the MOU in the exhibit near the bottom of their 8-K

The consideration for the acquisition consists of $1,000,000 in our common stock to Seller. Seller has the option to price the shares at the execution of the MOU, at the average value of the last 5 days of trading prior to execution, discounted by 10%, or to value the stock at the moment the shares are issued, at the average value of the last 5 days of trading prior to issuance, discounted by 10%.



If by the time the stock is sold, Seller does not recover at least One Million Dollar (US$ 1,000,000.00), Seller may request that we pay the difference in cash until completing the US$1,000,000.00, or may request that more common stock be issued to cover the difference up to US$1,000,000.00. Notwithstanding anything to the contrary herein, this true up provision only exists for one year from issuance, such that if Seller sells the shares later than one year from issuance, the requirement to true up Seller of $1,000,000 shall be of no force and effect.

If the deal has in fact been on pace to solidfy. I'd contend our recent downward pressure has been a result of smartbiz not only selling a ton of shares, but perhaps doing so in an effort to get some extra common stock/cash off the back of it.

Savvy move, but I'ma need y'all to chill.