iQSTEL Inc (IQST)

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Notice section B talks about the exercise price. That is the price they must pay to get the shares. They can either pay that price or use the formula for a cashless exercise, but they get less shares.

(B) = the exercise price of $2.00, as may adjusted by certain provisions in the option, such as stock splits, price adjustments for future options with lower exercise prices, price adjustments in the event our stock trades below $2.00 on the initial exercise date with such new exercise price to be at a discount of 16% and up to 32% of the market price of our stock (if the stock falls below $1.50) on the date of exercise; and