MEMORANDUM OF UNDERSTANDINGMemorandum Of • November 19th, 2021 • iQSTEL Inc • Telephone communications (no radiotelephone) • Florida
This MEMORANDUM OF UNDERSTANDING ("MOU") is made as of the 18th day of November, 2021, (the "Signing Date") between iQSTEL Inc. an SEC reporting issuer that is quoted on the OTC Markets (OTCQX: IQST), established under the laws of the State of Nevada, USA, with its registered office at 300 Aragon Avenue, Suite 375, Coral Gables, Florida 33134 ("Buyer") and Jose Ramon Olivar, US Citizen, Passport Number 524857155, current CEO of SMARTBIZ TELECOM LLC, and Eduardo Borrero, US Citizen, Passport Number 505495245, current CFO of SMARTBIZ TELECOM LLC, in representation of the shareholders of SMARTBIZ TELECOM LLC incorporated under the laws of the State of Florida, with registered office at 14230 SW 57th Lane, Suite 106-B, Miami, FL 33183 ("Seller") regarding the sale by Seller and the acquisition by Buyer of 51% of the Membership Interest (Capital Stock) of SMARTBIZ TELECOM LLC ("The Company").
