<SEC-DOCUMENT>0001663577-25-000175.txt : 20250530
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ACCESSION NUMBER:		0001663577-25-000175
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20250529
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20250530
DATE AS OF CHANGE:		20250530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iQSTEL Inc
		CENTRAL INDEX KEY:			0001527702
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		ORGANIZATION NAME:           	06 Technology
		EIN:				452808620
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42644
		FILM NUMBER:		251010702

	BUSINESS ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		(954) 951-8191

	MAIL ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURESNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20151124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURE SNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20150813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	B-MAVEN, INC.
		DATE OF NAME CHANGE:	20110810
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><b>WASHINGTON, D.C. 20549<br/>
____________________</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>PURSUANT TO SECTION 13 OR 15(d) OF</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>THE SECURITIES EXCHANGE ACT OF 1934<br/> <br/> </b>Date
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="font-family: Courier New, Courier, Monospace"><span style="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">Securities registered pursuant to Section 12(b) of the Act:&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">Emerging growth company&#160;&#160;&#160;<span id="xdx_90D_edei--EntityEmergingGrowthCompany_c20250529__20250529_zH4TwVLznkm5"><ix:nonNumeric contextRef="AsOf2025-05-29" format="ixt:booleanfalse" id="Fact000027" name="dei:EntityEmergingGrowthCompany">[ ]</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;&#160; [ ]</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt"><b>Item 1.01 Entry into a Material Definitive Agreement</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">On May 29, 2025, iQSTEL Inc. (the &#8220;Company&#8221;
or &#8220;Buyer&#8221;), a Nevada corporation, entered into a Unit Purchase Agreement (the &#8220;Agreement&#8221;) with Craig Span (the
&#8220;Seller&#8221;) and Globetopper, LLC, a Delaware limited liability company (the &#8220;Globetopper&#8221;), pursuant to which the
Company agreed to acquire fifty-one percent (51%) of the membership interests of Globetopper (the &#8220;Transferred Membership Interest&#8221;)
from the Seller.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">Pursuant to the Agreement, the Company will acquire
51% of the membership interests of Globetopper for a total purchase price consisting of $700,000, payable as follows: $50,000 upon execution
of the Agreement; $50,000 in cash on the Closing Date; $50,000 in cash 30 days after the Closing Date, secured by a promissory note and
pledge agreement; $50,000 in cash 60 days after the Closing Date, secured by a promissory note and pledge agreement; $500,000 in restricted
common shares of the Company, calculated at a 20% discount to the volume weighted average price (VWAP) during the five days preceding
the Closing Date.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">Additional payments based on Globetopper&#8217;s EBITDA
growth, payable in common shares of the Company at a 20% discount to the greater of the VWAP during the five days following the applicable
period or preceding the payment date, will be payable as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify"></p>

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  <td style="width: 2%">&#8226;</td>
  <td style="width: 94%">September 30, 2026: 50% of the positive difference between EBITDA at acquisition
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  <td>&#160;</td>
  <td>&#160;</td>
  <td>&#160;</td></tr>
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  <td>&#160;</td>
  <td>&#8226;</td>
  <td>September 30, 2027: 50% of the positive difference between EBITDA 12 months
and 24 months post-Closing.</td></tr>

</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">The closing is expected to occur on or before July
1, 2025, subject to the satisfaction of customary closing conditions, including due diligence and the accuracy of representations and
warranties. Either party may terminate the Agreement if the closing does not occur by July 10, 2025.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">The Company will invest up to $1,200,000 in Globetopper
over 24 months post-Closing in monthly installments of $50,000, subject to the achievement of specified quarterly financial targets.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">The Seller will remain as Chief Executive Officer
of Globetopper for at least two years post-Closing, with a reasonable salary and benefits to be agreed upon.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">The operating agreement of Globetopper will be amended
to reflect a new board of directors consisting of three members, with the Company designating two members and the Seller designating one,
with decisions made by majority vote.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">Both parties agreed to mutual indemnification for
breaches of representations, warranties, or covenants, with the Seller&#8217;s indemnification liability capped at 10% of the purchase
price received.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">The foregoing description of the Agreement does not
purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1
to this Current Report on Form 8-K and incorporated herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify"><b>Item 7.01 Regulation FD Disclosure.</b></p>

<p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">On May 29, 2025, the Company issued a press release
announcing the execution of the Agreement. A copy of the Company&#8217;s press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K and incorporated by reference in this Item 7.01. The information contained in this Item 7.01, including Exhibit 99.1, shall
not be deemed &#8220;filed&#8221; with the Securities and Exchange Commission nor incorporated by reference in any registration statement
filed by the Company under the Securities Act of 1933, as amended.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt"><b>&#160;</b></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0pt"/>
    <td style="width: 15pt">&#160;</td><td style="width: 60pt"><b>Item 9.01</b></td><td><b>Financial Statements and Exhibits. </b></td></tr></table>

<p style="font: 10pt Courier New, Courier, Monospace; margin: 0pt 15pt; text-indent: -1in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
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    <td style="font: 10pt Courier New, Courier, Monospace; text-align: left; width: 60pt; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif"><b>Exhibit No.</b></span></td>
    <td style="font: 10pt Courier New, Courier, Monospace; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif"><b>Description</b></span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font: 10pt Courier New, Courier, Monospace; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif">10.1</span></td>
    <td style="font: 10pt Courier New, Courier, Monospace; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif"><a href="ex10_1.htm">Unit Purchase Agreement, dated May 29, 2025</a></span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font: 10pt Courier New, Courier, Monospace; text-align: left; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</span></td>
    <td style="font: 10pt Courier New, Courier, Monospace; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="ex99_1.htm">Press Release, dated March 29, 2025</a></span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">104</p></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Cover Page Interactive Data File (embedded within the Inline XBRL document)</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt; text-align: justify">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt"><b>iQSTEL Inc.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Courier New, Courier, Monospace; margin: 0pt 15pt; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt"><span style="text-decoration: underline">/s/ Leandro Iglesias</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">Leandro Iglesias<br/>
Chief Executive Officer</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt">Date May 30, 2025</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>UNIT PURCHASE AGREEMENT, DATED MAY 29, 2025
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.85pt; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.85pt; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">UNIT
PURCHASE <FONT STYLE="letter-spacing: -0.1pt">AGREEMENT</FONT></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 17.85pt 0 0; text-align: justify; text-indent: 0.5in">THIS UNIT PURCHASE
AGREEMENT (this &quot;<U>Agreement</U>&quot;) is entered into as of this 29<SUP>th</SUP> day of May 2025, by and among iQSTEL Inc. (NASDAQ:
IQST), a Nevada corporation (&quot;<U>Buyer</U>&quot;), Craig Span (&quot;<U>Seller</U>&quot;), Globetopper, LLC, a Delaware limited liability
company (the &quot;<U>Company</U>&quot;).</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 12.5pt; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt">RECITALS</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Seller
and the Buyer have executed a Memorandum of Understanding (MOU), dated March 19, 2025, to establish the preliminary terms and mutual understanding
to the negotiation and execution of a definitive agreement for the sale by Seller and purchase by the Buyer of fifty-one percent (51%)
of the membership interests of the Company;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.65pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">WHEREAS, the
MOU provides that the parties will agree to execute a definitive agreement no later than July 1, 2025, and Seller wishes to sell to Buyer
and Buyer wishes to acquire from Seller fifty-one percent (51%) of the membership interests of the Company (the &quot;<U>Transferred Membership
Interest</U>&quot;) on the terms and subject to the conditions set forth in this Agreement;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 12.55pt; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt">AGREEMENT</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 18.05pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements of the parties contained herein, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound hereby, agree as follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 18.05pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
1 <FONT STYLE="letter-spacing: -0.2pt"></FONT></FONT></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: -0.2pt">PURCHASE AND SALE</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.55pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Purchase and Sale</U>. Subject to and in reliance on the representations, warranties and agreements of Seller and Buyer herein,
and subject to the terms and conditions provided in this Agreement, at the Closing Date (as defined below), Seller hereby sells, transfers,
assigns, conveys and delivers to Buyer, and Buyer hereby purchases, acquires and accepts from Seller, all of Seller's right, title and
interest in and to the Transferred Membership Interest, free and clear of all Encumbrances (as defined herein).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12.05pt 0 0 71.95pt; text-indent: -35.95pt">1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Closing and Closing <FONT STYLE="letter-spacing: -0.2pt">Date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 17.65pt 0 0; text-align: justify; text-indent: 0.5in; color: #0E0E0E"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>a.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="letter-spacing: -0.1pt">Between Signing and Closing:</FONT></B><FONT STYLE="letter-spacing: -0.1pt"> The closing
of the transaction contemplated herein shall take </FONT>place on the date of satisfaction of the closing conditions set forth herein
(the &quot;<B>Closing Date</B>&quot;). After the date hereof and before the Closing Dateg, the Buyer shall conduct a detailed due diligence
of the Company. The Seller reserves the right to terminate this Agreement without any obligation of indemnification to the Buyer in the
event that any material information has been withheld from the Seller. The Buyer reserves the right to terminate this Agreement without
any obligation of indemnification to the Seller in the event that any material information has been withheld from the Buyer or if Buyer
discovers from due diligence that Seller has mispresented the condition of the Company.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.6pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>b.<FONT STYLE="font-size: 7pt">&nbsp;
</FONT>Closing Date:</B> Upon the Closing Date, the Buyer shall assume full ownership and control of the Transferred Membership Interest.
As of the Closing Date and onwards, all revenues, expenses, liabilities, and profits of the acquired entity shall be attributed to the
Buyer on a prorate basis according to its 51% ownership in the Company. On the Closing Date, all necessary payments shall be deemed to
have been made notwithstanding there are payments required after the Closing Date under promissory notes secured by pledge agreements,
and ownership of the acquired Transferred M</FONT>embership Interests shall be legally transferred to the Buyer on the Closing <FONT STYLE="letter-spacing: -0.2pt">Date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.15pt 0pt 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 0 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
2 <FONT STYLE="letter-spacing: -0.1pt"></FONT></FONT></P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: -0.1pt">PURCHASE PRICE</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Purchase Price</U>. The purchase price for the Transferred Membership Interest shall be the sum of (a) Seven Hundred Thousand
US Dollars ($700,000) (the &quot;<U>Base Purchase Price</U>&quot;) plus (b) the Earn Out Payments (as defined below) (collectively, the
&ldquo;<U>Purchase Price</U>&rdquo;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 0 0 71.95pt; text-align: left; text-indent: -35.95pt">2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Base Purchase Price</U>. The Base Purchase Price shall be paid to Seller as <FONT STYLE="letter-spacing: -0.1pt">follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>$50,000 shall be due and payable upon the execution of this <FONT STYLE="letter-spacing: -0.1pt">Agreement;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>$50,000 in cash due and payable as of the Closing <FONT STYLE="letter-spacing: -0.2pt">Date;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.8pt 18.3pt 0 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>$50,000 in cash due and payable thirty (30) days after the Closing Date which shall be memorialized in a promissory note and pledge
agreement at Closing;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.2pt 0 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>$50,000 in cash due and payable sixty (60) after the Closing Date, also to be memorialized in a promissory note and pledge agreement
at Closing; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.1pt 0 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>$500,000 in the form of IQST restricted common shares of Buyer at a share price calculated at a 20% discount to the volume weighted
average price (VWAP) during the five days preceding the Closing Date (the &ldquo;<U>Buyer Shares</U>&rdquo;). These shares are &ldquo;restricted
securities&rdquo; and are subject to resale limitations under Rule 144 of the U.S. Securities Act of 1933, as amended.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 18.1pt 0 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Earn Out Payment</U> Buyer agrees to make the earn out payments to Seller (the &ldquo;<U>Earn-Out Payments</U>&rdquo;) in two
payments after Closing commencing on the Effective Date (the &ldquo;<U>Earn-Out Term</U>&rdquo;) as follows:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 17.9pt 0 184.55pt; text-align: justify; text-indent: -112.6pt">September
30<SUP>th</SUP>, 2026: 50% of the positive difference, if any, between the Company&rsquo;s EBITDA at the Closing Date (&ldquo;<U>EBITDA
at Acquisition</U>&rdquo;) and the EBITDA of the Company twelve (12) months after the Closing Date (&ldquo;<U>EBITDA Year 1</U>&rdquo;);
and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 17.9pt 0 184.55pt; text-align: justify; text-indent: -112.6pt">September
30<SUP>th</SUP>, 2027: 50% of the positive difference, if any, between the Company&rsquo;s EBITDA Year 1 and the EBITDA of the Company
twenty <FONT STYLE="letter-spacing: -0.2pt">four</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.15pt 0 0 184.55pt">(24) months after the Closing Date (&ldquo;<U>EBITDA
Year <FONT STYLE="letter-spacing: -0.2pt">2</FONT></U><FONT STYLE="letter-spacing: -0.2pt">&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 18.1pt 0 0; text-align: justify; text-indent: 0.5in">2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Earn-Out Payments shall be made in the form of common shares of Buyer at a share price calculated at a 20% discount to the
greater of the volume weighted average price (VWAP) during (a) the five days following the close of the applicable period or (b) the five
days preceding the applicable Earn- Out Payment date.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 0.25in 0 0; text-align: justify; text-indent: 0.5in">2.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For purposes of this Section, &quot;EBITDA&quot; shall mean earnings before interest, taxes, depreciation, and amortization, calculated
in accordance with Seller&rsquo;s accounting policies consistently <FONT STYLE="letter-spacing: -0.1pt">applied.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 18.05pt 0 0; text-align: justify; text-indent: 0.5in">2.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Earn-Out Statements</U>. Buyer shall prepare and deliver to Seller a statement setting forth the calculation of the &ldquo;EBITDA
Year 1&rdquo; and &ldquo;EBITDA Year 2&rdquo; (the &ldquo;<U>Earn-Out Statement</U>&rdquo;) within forty-</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.05pt 0pt 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 17.75pt 0 0; text-align: justify">five (45) days following the end of
each applicable period during the Earn-Out Term. If Seller does not notify Buyer that it disagrees with the Earn-Out Statement within
ten (10) days following delivery thereof, then the Earn-Out Statement shall be deemed final and binding and Buyer shall make prompt payment.
If Seller notifies Buyer that Seller disagrees with any Earn-Out Statement and Seller and Buyer do not through good faith discussions
resolve such disagreement within thirty (30) days, the dispute shall be resolved using the dispute resolution process below.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 18.05pt 0 0; text-align: justify; text-indent: 0.5in">2.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Dispute Resolution</U>. If Seller notifies Buyer that it disputes an Earn-Out Statement pursuant to Section 2.5 above and Seller
and Buyer do not reach an agreement within thirty (30) days thereafter, any unresolved dispute amounts (&ldquo;<U>Disputed Amounts</U>&rdquo;)
shall be submitted for resolution to an independent certified public accounting firm based in or near Philadelphia, Pennsylvania, selected
by the mutual agreement of Seller and Buyer (the &ldquo;<U>Independent Accountants</U>&rdquo;). If Seller and Buyer cannot mutually agree
on the Independent Accountants, each shall select one accounting firm who shall jointly designate a third accounting firm as the Independent
Accountants. Each party shall pay any fees or costs of the accounting firm it selects to jointly select the Independent Accountants. The
fees and expenses of the Independent Accountants shall be paid by Seller, on the one hand, and by Buyer, on the other hand, based upon
the percentage that the amount actually contested but not awarded to Seller or Buyer respectively, bears to the aggregate amount actually
contested by Seller and Buyer. The Independent Accountants shall make a determination within thirty (30) days after they are engaged,
and their resolution shall be conclusive and binding.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0"></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
3</FONT></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: -0.1pt">CLOSING</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.55pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Closing</U>. The closing of the sale and purchase of the Transferred Membership Interest and the other transactions contemplated
hereby (the &quot;<U>Closing</U>&quot;) shall take place via remote exchange of signatures and documents within 3 days of the date on
which the closing conditions set forth in Sections 4 and 5 below have been satisfied. The parties intend for this transaction to close
on July 1, 2025 and either party may terminate the Agreement if Closing has not occurred by July 10, 2025. No further consent of or authorization
by Seller shall be sought or necessary for the Closing to take place. The date on which the Closing occurs shall be referred to as the
&quot;<U>Closing Date</U>&quot;.</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
<FONT STYLE="letter-spacing: -0.5pt">4</FONT></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>CONDITIONS
PRECEDENT TO <FONT STYLE="letter-spacing: -0.1pt">CLOSING</FONT></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conditions to Buyer's Obligations</U>. The obligation of Buyer to purchase the Transferred Membership Interest and to perform
all other obligations of Buyer hereunder shall be subject to the satisfaction, at or before the Closing, of all of the following conditions
precedent, any one or more of which may be waived in whole or in part in writing in the sole discretion of Buyer:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 0.25in 0 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties</U>. The representations and warranties made by Seller in this Agreement shall be true and correct
in all respects as of the Closing Date, except to the extent such representations and warranties are expressly made only as of an earlier
date, in which case solely as of such earlier date.</P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 12pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Breach of Covenants</U>. Seller shall have complied with and performed all of the agreements and covenants required by this
Agreement to be performed or complied with by Seller on or prior to the Closing Date.</P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 0pt 18.15pt 0pt 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 18.25pt 0 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Approvals</U>. All necessary approvals and waivers, if any, shall have been obtained in form reasonably satisfactory to Buyer.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.2pt 0 0; text-align: justify; text-indent: 0.5in">4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conditions to Seller's Obligations</U>. The obligation of Seller to sell the Transferred Membership Interest and to perform
all other obligations of Seller hereunder shall be subject to the satisfaction, at or before the Closing, of all of the following conditions
precedent, any one or more of which may be waived in whole or in part in writing in the sole discretion of Seller:</P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 11.9pt 0.25in 0 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties</U>. The representations and warranties made by Buyer in this Agreement shall be true and correct
in all respects as of the Closing Date, except to the extent such representations and warranties are expressly made only as of an earlier
date, in which case solely as of such earlier date.</P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 11.55pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Breach of Covenants</U>. Buyer shall in all material respects have complied with and performed all of the agreements and
covenants required by this Agreement to be performed or complied with by Buyer on or prior to the Closing Date.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.6pt 18.1pt 0 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amended Operating Agreement</U>. The Company&rsquo;s Operating Agreement and any related corporate governance documents shall
be amended and restated to reflect the appointment of a new Board of Directors consisting of three (3) members, with the Buyer designating
two (2) members and the Seller designating one (1) member. All board decisions shall be made by majority vote. The amended documents shall
also confirm that the Seller will remain as the Chief Executive Officer (CEO) of the Company and shall contain customary minority protection
provisions.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 0 0"></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
5</FONT></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">CLOSING DELIVERABLES</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.7pt 0 0 71.95pt; text-align: left; text-indent: -35.95pt">5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Buyer Deliverables</U>. At the Closing, Buyer shall deliver to Seller the <FONT STYLE="letter-spacing: -0.1pt">following:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.85pt 18.25pt 0 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>an amended and restated operating agreement of the Company contemplating the terms and conditions agreed upon by Seller and Buyer
(the &ldquo;<U>Operating Agreement</U>&rdquo;), duly executed by the <FONT STYLE="letter-spacing: -0.1pt">Buyer;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.05pt 0 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a promissory note and related pledge agreement to secure the post-Closing payments due to Seller, duly executed by Buyer (the &ldquo;<U>Loan
Documents</U>&rdquo;);</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the agreements and/or documents necessary to memorialize the grant of the Buyer Shares to Seller (the &ldquo;<U>Buyer Shares Grant
Documentation</U>&rdquo;) as part of the Purchase Price, duly executed by Buyer; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such other documents as Seller may reasonably request to give effect to <FONT STYLE="letter-spacing: -0.2pt">this</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.1pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 18.15pt 0 0; text-align: left; text-indent: 0.5in">5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Seller and Company Deliverables.</U> At the Closing, Seller and Company shall deliver to the Buyer the following:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.15pt 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Operating Agreement, duly executed by the <FONT STYLE="letter-spacing: -0.1pt">Seller;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the Loan Documents, duly executed by the <FONT STYLE="letter-spacing: -0.1pt">Seller;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 107.95pt; text-align: left; text-indent: -35.95pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 18.2pt 0 0; text-align: left; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any necessary countersignatures to the Buyer Shares Grant Documentation, duly executed by Seller; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>such other documents as the Buyer may reasonably request to give effect to <FONT STYLE="letter-spacing: -0.2pt">this</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.85pt 0 0">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
6</FONT></P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">REPRESENTATIONS AND WARRANTIES</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 17.75pt 0 0; text-align: justify; text-indent: 0.5in">6.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties of Seller and Company</U>. In order to induce Buyer to enter into this Agreement, and to consummate
the transactions contemplated hereby, Seller makes the following representations and warranties to Buyer, which representations and warranties
shall be true and accurate as of the Closing Date:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 18.2pt 0 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware,
with corporate power to own property and carry on its business as it is now being conducted. Company is qualified to transact business
and is in good standing in all jurisdictions in which it carries on business or in which any of its principal properties are located except
where the failure to do so would not have a material adverse effect on the Company.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 18.1pt 0 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Seller has good, valid and marketable title to the Transferred Membership Interest free and clear of all restrictions, interests,
pledges, liens, claims and encumbrances of any kind, excluding any restrictive rights pursuant to the Operating Agreement or the Company&rsquo;s
organizational documents and transfer restrictions arising under the Securities Act of 1933 and other applicable securities regulation
(collectively, &quot;<U>Encumbrances</U>&quot;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.05pt 0 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Seller has the absolute and unconditional right to sell, assign, transfer, convey and deliver the Transferred Membership Interest
to Buyer in accordance with the terms of this Agreement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 18.05pt 0 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution and delivery of this Agreement by Seller, the performance Seller of Seller's obligations hereunder and the fulfillment
of or compliance with all of the terms and conditions hereof by Seller does not and will not conflict with, breach or result in a breach
of the terms, conditions or provisions of, or constitute a default under, violate or result in a violation of, or require any authorization,
consent, approval, exemption or other action by or notice to any person pursuant to any agreement, settlement, order or decree, to which
Seller is a party, is subject or is bound.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.1pt 0.25in 0 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Seller has full power and authority to enter into this Agreement and to perform its obligations hereunder and to consummate the
transactions contemplated hereby.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement has been duly executed and delivered by Seller and constitutes a legal, valid and binding obligation of Seller enforceable
against Seller in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, moratorium or other
laws of general application relating to or affecting enforcement of creditors' rights generally and subject to equitable principles limiting
the availability of equitable remedies.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Seller is an accredited investor as defined in Rule 501 promulgated under the Securities Act of 1933, as amended, and has such
knowledge and experience in finance, securities, investments, including investment in unlisted and unregistered securities, and other
business matters so as to be able to protect its investment in Buyer Shares in connection with this transaction.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.15pt 0pt 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">6.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties of Buyer</U>. In order to induce Seller to enter into this Agreement, and to consummate the transactions
contemplated hereby, Buyer makes the following representations and warranties to Seller, which representations and warranties shall be
true and accurate as of the Closing Date:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, with corporate
power to own property and carry on its business as it is now being conducted. Buyer is qualified to transact business and is in good standing
in all jurisdictions in which it carries on business or in which any of its principal properties are located.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 0.25in 0 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution and delivery of this Agreement by Buyer, the performance Buyer of Buyer's obligations hereunder and the fulfillment
of or compliance with all of the terms and conditions hereof by Buyer does not and will not conflict with, breach or result in a breach
of the terms, conditions or provisions of, or constitute a default under, violate or result in a violation of, or require any authorization,
consent, approval, exemption or other action by or notice to any person pursuant to any agreement, settlement, order or decree, to which
Buyer is a party, is subject or is bound.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.15pt 0 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Buyer has full power and authority to enter into this Agreement and to perform Buyer's obligations hereunder and to consummate
the transactions contemplated hereby.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0.25in 0 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Buyer Shares are free from all Encumbrances other than those explicitly set forth in the Buyer Share Grant Documentation.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 18.2pt 0 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement has been duly executed and delivered by Buyer and constitutes a legal, valid and binding obligation of Buyer, enforceable
against Buyer in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, moratorium or other
laws of general application relating to or affecting enforcement of creditors' rights generally and subject to equitable principles limiting
the availability of equitable remedies.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 0 0"></P>

<P STYLE="font: bold 11pt/12.6pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
<FONT STYLE="letter-spacing: -0.5pt">7</FONT></FONT></P>

<P STYLE="font: 11pt/12.6pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B>POST-CLOSING
COVENANTS</B></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="letter-spacing: -0.1pt">Buyer covenants and agrees
with the Seller as follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 17.55pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">7.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Capital Infusion</U>. Buyer hereby covenants and agrees to invest an aggregate amount of up to one million two hundred
thousand Dollars ($1,200,000) in the Company over a period of twenty-four (24) months following the Closing Date, to be disbursed in monthly
installments of Fifty Thousand Dollars ($50,000) (each, a &ldquo;<U>Monthly Installment</U>&rdquo;), subject to the Company&rsquo;s achievement
of certain financial <FONT STYLE="letter-spacing: -0.2pt">performance targets set forth in Exhibit A attached hereto (the &ldquo;<U>Quarterly
Financial Targets</U>&rdquo;) and Section 7.1(a) </FONT><FONT STYLE="letter-spacing: -0.1pt">below.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 4.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 18.1pt 0 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><IMG SRC="image_001.gif" ALT="" STYLE="height: 1px; width: 3px">In the event the Company meets or exceeds the applicable Quarterly
Financial Targets for any given quarter and/or meets or exceeds the applicable Quarterly Financial Targets based on a trailing two-quarter
average, the Buyer shall make the Monthly Installments for the subsequent quarter. In the event the Company fails to meet any Quarterly
Financial Target and the trailing two-quarter average falls below the Quarterly Financial Target, Buyer shall make Monthly Installments
for the subsequent quarter on a pro rata basis, calculated based on the percentage of the applicable Quarterly Financial Target achieved
by the Company for the preceding quarter.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 18.1pt 0 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.1pt 0pt 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">7.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Executive Engagement</U>. Seller shall continue to operate the Company&rsquo;s business after Closing and Buyer shall
not cause (or allow to be caused) the termination, suspension or demotion of Seller&rsquo;s employment as Chief Executive Officer of the
Company or reduce Seller&rsquo;s scope of authority as the Chief Executive Officer which, at all times remain consistent with his pre-Closing
scope of authority, unless expressly agreed to, in writing, by Seller, for at least two years following the Closing Date. Buyer and the
Company shall compensate Seller with a reasonable salary and benefits post-Closing to be agreed upon by the parties in good faith.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 0 0"></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
8</FONT></P>

<P STYLE="font: bold 11pt/101% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: -0.1pt">INDEMNIFICATION</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.55pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">8.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification by Seller</U>. Seller covenants and agrees to indemnify, defend, protect and hold harmless Buyer from, against
and in respect of all costs, expenses, claims and/or damages suffered or incurred by Buyer (including, without limitation, reasonable
attorney's fees, costs and expenses) resulting from or arising out of, directly or indirectly, (a) the material inaccuracy of any representation
or the breach of any warranty set forth by Seller in this Agreement or in any certificate delivered by Seller in connection with the Closing
and (b) the breach of any material covenant or agreement on the part of Seller set forth in this Agreement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">8.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification by Buyer</U>. Buyer covenants and agrees to indemnify, defend, protect and hold harmless Seller from, against
and in respect of all costs, expenses, claims and/or damages suffered or incurred by Seller (including, without limitation, reasonable
attorney's fees, costs and expenses) resulting from or arising out of, directly or indirectly, (a) the material inaccuracy of any representation
or the breach of any warranty set forth by Buyer in this Agreement or in any certificate delivered by Buyer in connection with the Closing
and (b) the breach of any material covenant or agreement on the part of Buyer set forth in this Agreement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">8.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification Limitation</U>. A Party shall not be entitled to be indemnified more than once for the same event, fact or circumstance.
The Parties acknowledge and agree that their sole and exclusive remedy with respect to any and all claims for any breach of any representation,
warranty, covenant, agreement or obligation set forth herein or otherwise relating to the subject matter of this Agreement, shall be pursuant
to the indemnification provisions set forth in this Section 8. Each Party agrees to use reasonable commercial efforts to mitigate any
loss, liability or damage which forms the basis of a claim hereunder or in connection with the transactions contemplated hereby, including
responding to such claims or liabilities in the same manner as the applicable Party would respond to such claims or liabilities in the
absence of the indemnification provisions of this Agreement. The aggregate amount of indemnification which may be due to Buyer by Seller
pursuant to this Agreement shall not in the aggregate exceed amount equal to 10% of the Purchase Price actually received by the Seller
and Seller reserves the right to satisfy any indemnification obligations hereunder by the relinquishing, at Seller&rsquo;s option, an
amount of Buyer Shares equivalent to the value of the indemnification claim.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.1pt 0pt 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION
9 </FONT></P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt">MISCELLANEOUS</FONT></P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 12.05pt 18.2pt 0 0; text-align: justify; text-indent: 0.5in">9.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Expenses</U>. Except as expressly set forth herein, all legal, accounting and other costs and fees in connection with the transactions
contemplated by this Agreement shall be paid for by each respective <FONT STYLE="letter-spacing: -0.1pt">party.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.6pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">9.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Entire Agreement</U>. This Agreement constitutes the entire agreement and understanding among the parties hereto in respect
of the matters set forth herein, and all prior negotiations, writings and understandings, written and oral, relating to the subject matter
of this Agreement are merged herein and are superseded and canceled by this Agreement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.1pt 0pt 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 0 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.05pt 0 0; text-align: justify; text-indent: 0.5in">9.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment and Waiver</U>. This Agreement may be amended or supplemented in whole or in part only by an agreement in writing
making specific reference to this Agreement and executed by each of the parties hereto. Any of the terms and conditions of this Agreement
may be waived in whole or in part, but only by an agreement in writing making specific reference to this Agreement and executed by the
party that is entitled to the benefit thereof. The failure of any party hereto to insist upon strict performance of or compliance with
the provisions of this Agreement shall not constitute a waiver of any right of any such party hereunder or prohibit or limit the right
of such party to insist upon strict performance or compliance at any other time.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.95pt 18.05pt 0 0; text-align: justify; text-indent: 0.5in">9.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Binding Agreement and Successors</U>. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto
and their respective successors and permitted assigns.</P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 12.05pt 18.2pt 0 0; text-align: justify; text-indent: 0.5in">9.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Assignment</U>. This Agreement and the rights of the parties hereunder may not be assigned by Buyer or Seller, and the obligations
of Buyer and Seller hereunder may not be delegated by Buyer or Seller, in whole or in part, without the prior written consent of the other
party.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.55pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">9.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Further Assurances</U>. The parties hereto each agree to execute, make, acknowledge and deliver such instruments, agreements
and other documents as may be reasonably required to effectuate the purposes of this Agreement and to consummate the transactions contemplated
hereby.</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 12pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">9.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Third-Party Beneficiaries</U>. Nothing in this Agreement is intended to confer any rights or remedies upon any person other
than the parties hereto.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.45pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">9.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices</U><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>.</B></FONT> Any notice or other communication required
or permitted by this Agreement must be in <U>writing</U> and shall be deemed to be properly given when delivered in person to an officer
of the other party, when deposited in the United States mails for transmittal by certified or registered mail, postage prepaid, or when
deposited with a public telegraph company for transmittal, charges prepaid, provided that the communication is addressed:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If to <FONT STYLE="letter-spacing: -0.1pt">Buyer:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 107.95pt; text-align: left; text-indent: -35.95pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">300 Aragon Avenue. Suite 375</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">Coral Gables, Florida 33134</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">Attn: Leandro Iglesias - CEO</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt"><FONT STYLE="letter-spacing: -0.1pt">ceo@iqstel.com</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 15pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.9pt 15pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 107.95pt; text-align: left; text-indent: -35.95pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If to the Seller:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">1709 Waterford Way</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">Maple Glen, PA 19002 <FONT STYLE="letter-spacing: -0.1pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt"><FONT STYLE="letter-spacing: -0.1pt">Attn:
cspan@globetopper.com</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 15pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">With a copy to (with shall not constitute a <FONT STYLE="letter-spacing: -0.1pt">notice):</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt"><FONT STYLE="letter-spacing: -0.1pt"></FONT>Growth
Counsel</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">Attn: Ryan Wertman</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">2133 Arch St Suite <FONT STYLE="letter-spacing: -0.25pt">200</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 15pt">Philadelphia, PA <FONT STYLE="letter-spacing: -0.2pt">19103</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 339.1pt 0pt 15pt">E-mail: <FONT STYLE="letter-spacing: -0.1pt">ryan@growthcounsel.com</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.6pt 0 0"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">9.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law</U>. This Agreement shall be construed and enforced in accordance with and shall be governed by the laws of the
State of Delaware, without regard to conflicts of law principles that would apply the laws of another jurisdiction. Any legal suit, action
or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in the federal courts
of the United States or the courts of the Commonwealth of Pennsylvania, and each party irrevocably submits to the exclusive jurisdiction
of such courts in any such suit, action or proceeding. Service of process, summons, notice or other document by mail to such party&rsquo;s
address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court. The
parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts
and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought in any such court
has been brought in an inconvenient forum.</P>

<P STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin: 11.9pt 18.05pt 0 0; text-align: justify; text-indent: 0.5in">9.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Specific Performance</U>. Buyer, on one hand, and the Seller, on the other hand, shall each have the right and remedy, in addition
to any others that may be available, at law or in equity, to have the provisions of this Agreement specifically enforced through injunctive
or other relief, without the necessity of posting a bond.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.55pt 18.05pt 0 0; text-align: justify; text-indent: 0.5in">9.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Counterparts</U>. This Agreement may be executed in counterparts and multiple originals, each of which shall be deemed an original,
but all of which taken together shall constitute one and the same instrument. The signature of any party hereto to any counterpart hereof
shall be deemed a signature to, and may be appended to, any other counterpart hereof. In the event that any signature to this Agreement
is delivered by facsimile transmission or by e-mail delivery of a &quot;.pdf&quot; format data file, such signature shall create a valid
and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such
facsimile or &quot;.pdf&quot; signature page were an original thereof.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.05pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">9.12<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interpretation</U>. The parties hereto acknowledge that (a) they have each read this Agreement in its entirety and understand
the provisions hereof, and (b) they have each obtained the advice of independent legal counsel prior to entering into this Agreement.
In the event any ambiguity or question of intent or interpretation arises, or in the event of any dispute among the parties with respect
to the provisions hereof, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions <FONT STYLE="letter-spacing: -0.1pt">hereof.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 18.15pt 0 0; text-align: justify; text-indent: 0.5in">9.13<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Partial Invalidity</U>. Any provision of this Agreement which is held by a court of competent jurisdiction to be prohibited
or unenforceable shall be ineffective to the extent of such prohibition or unenforceability, without invalidating or rendering unenforceable
the remaining provisions of this <FONT STYLE="letter-spacing: -0.1pt">Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.9pt 18.1pt 0 0; text-align: justify; text-indent: 0.5in">9.14<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Attorney's Fees</U>. If any legal action or other proceeding relating to this Agreement and the transactions contemplated hereby
or the enforcement of this Agreement is brought by any party to this Agreement, the prevailing party in such action or proceeding shall
be entitled to recover reasonable attorneys' fees, costs and disbursements (in addition to any other relief to which the prevailing party
may be entitled).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 18.1pt 0pt 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 18.15pt 0 0; text-align: left; text-indent: 0.5in">9.15<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Headings</U>. The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation
of this Agreement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.25pt 18.2pt 0 0.25pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">[<I>signatures
appear on following <FONT STYLE="letter-spacing: -0.1pt">page</FONT></I><FONT STYLE="letter-spacing: -0.1pt">]</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11.25pt 18.2pt 0 0.25pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3.9pt 13.65pt 0 0; text-indent: 0.5in">IN WITNESS WHEREOF, each of the parties
hereto has executed this Unit Purchase Agreement as of the date hereof.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt"><U>BUYER</U>:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">iQSTEL
<FONT STYLE="letter-spacing: -0.2pt">Inc.</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.6pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 51.3pt 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.2pt">By<I>:
<U>/s/ Leandro Iglesias</U></I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 51.3pt 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:
Leandro Iglesias</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Title:
<FONT STYLE="letter-spacing: -0.25pt">CEO</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.55pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B><U>SELLER</U>:</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 1.2pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.65pt 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I><U>&nbsp;/s/
Craig Span</U></I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.65pt 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Craig
<FONT STYLE="letter-spacing: -0.2pt">Span</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.6pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt"><B><U>COMPANY</U>:</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">GLOBETOPPER
<FONT STYLE="letter-spacing: -0.25pt">LLC</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.6pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 51.3pt 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.2pt">By:
<I><U>/s/ Craig Span</U></I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 51.3pt 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:
Craig Span</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.1pt">Title:</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;<FONT STYLE="letter-spacing: -0.25pt">CEO</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: -0.25pt">&nbsp;</FONT></FONT></P>


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<P STYLE="font: bold 11pt/12.6pt Times New Roman, Times, Serif; margin-top: 3.3pt; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt/12.6pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">EXHIBIT
<FONT STYLE="letter-spacing: -0.5pt">A</FONT></FONT></P>

<P STYLE="font: 11pt/12.6pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center">Quarterly Financial <FONT STYLE="letter-spacing: -0.1pt">Targets</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 9.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Century Gothic,sans-serif; margin-top: 0; margin-bottom: 1.55pt; text-align: center"><B>FY-2025 - <FONT STYLE="letter-spacing: -0.25pt">H2</FONT></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border: black 1pt solid; padding-left: 2pt; text-align: left; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.2pt"><B>Month</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 1.9pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">July</FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 2.15pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">August</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 2.15pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">September</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 2.15pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">October</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 2.25pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">November</FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 2.35pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">December</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 2.5pt; text-align: left; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt"><B>2025
    <FONT STYLE="letter-spacing: -0.1pt">Total</FONT></B></FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; text-align: left; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.127.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.332.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.546.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.768.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 6.35pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.056.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 6.6pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.431.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 5pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.95pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$34.260.006</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; text-align: left; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.2pt"><B>COGS</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$4.999.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,50%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.199.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,51%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.407.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,49%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.622.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 10.05pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,47%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.902.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 10.9pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,46%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.264.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 8.7pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">97,40%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.95pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$33.393.006</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,47%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; text-align: left; line-height: 7.65pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt"><B>Gross
    <FONT STYLE="letter-spacing: -0.1pt">Profit</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$128.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,50%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$133.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,49%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$139.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,51%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$146.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 13.75pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">2,53%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$154.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 15.05pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,54%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$167.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 12.45pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">2,60%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.95pt; text-align: right; line-height: 7.65pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$867.000</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,53%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; text-align: left; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt"><B>Operating
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$93.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$96.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$97.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$97.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$108.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$108.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.95pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$600.500</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,75%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 2pt; text-align: left"><FONT STYLE="font-size: 9pt">Platform
    <FONT STYLE="letter-spacing: -0.25pt">Fee</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,31%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,30%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,29%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 13.75pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">0,28%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 15.05pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,26%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 12.45pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">0,25%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.9pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$96.000</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,28%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 2pt; text-align: left"><FONT STYLE="font-size: 9pt">Marketing/Misc.
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,10%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$5.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,10%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,11%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 13.75pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">0,11%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 15.05pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,12%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 12.45pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">0,12%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.9pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$37.500</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,11%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 2pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">Wages</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$55.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,07%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$55.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,03%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$55.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,99%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$55.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 13.75pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">0,95%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$65.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 15.05pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,07%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$65.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 12.45pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">1,01%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.95pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$350.000</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,02%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 2pt; text-align: left"><FONT STYLE="font-size: 9pt">Misc.
    <FONT STYLE="letter-spacing: -0.2pt">OPEX</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$17.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,33%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$20.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,38%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$20.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,36%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$20.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$20.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-left: 15.05pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,33%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$20.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; padding-left: 12.45pt; text-align: center"><FONT STYLE="font-size: 9pt; letter-spacing: -0.2pt">0,31%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2pt; text-align: left; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$35.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$36.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$42.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$48.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$46.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$58.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.95pt; text-align: right; line-height: 7.55pt"><FONT STYLE="font-family: Century Gothic,sans-serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$266.500</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,78%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Century Gothic,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Century Gothic,sans-serif; margin: 2.65pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Century Gothic,sans-serif; margin: 0.05pt 0.05pt 1.65pt 0.35pt; text-align: center"><FONT STYLE="letter-spacing: -0.5pt"><B>FY-</B></FONT><B><FONT STYLE="letter-spacing: -0.2pt">2026</FONT></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; border: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Month</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>January</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.7pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>February</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.55pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>March</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>April</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.3pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.25pt"><B>May</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.25pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>June</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.527.465</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.625.377</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.724.758</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.825.629</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.928.013</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.9pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.031.934</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>COGS</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.348.612</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,26%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.443.842</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,26%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.540.499</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,26%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.638.607</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,26%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.738.186</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,26%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.9pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.839.259</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,26%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Gross
    <FONT STYLE="letter-spacing: -0.1pt">Profit</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$178.853</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,74%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$181.535</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,74%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$184.258</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,74%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$187.022</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,74%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$189.828</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,74%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$192.675</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,74%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Operating
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$137.467</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,11%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$139.281</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,10%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$141.123</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,10%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$142.992</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,09%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$144.890</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,09%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$146.816</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,09%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">Platform</FONT>
    <FONT STYLE="font-size: 9pt; letter-spacing: -0.25pt">Fee</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,25%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,25%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,25%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,24%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,24%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,23%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt">Marketing/Misc.
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.150</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.302</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.457</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.614</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.773</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt">Misc.
    <FONT STYLE="letter-spacing: -0.2pt">OPEX</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.097</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.263</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.432</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.604</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.778</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.954</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">Wages</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$99.870</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,53%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$101.368</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,53%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$102.889</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,53%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$104.432</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,53%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$105.998</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,53%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$107.589</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,53%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$41.386</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,63%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$42.254</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,64%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$43.135</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,64%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$44.030</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,65%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$44.938</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,65%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$45.859</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,65%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Century Gothic,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Century Gothic,sans-serif; margin: 1.4pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; border: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Month</B></FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>July</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.7pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>August</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.55pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>September</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.5pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>October</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.3pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>November</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.25pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>December</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.1pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>2026
    <FONT STYLE="letter-spacing: -0.1pt">Total</FONT></B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.137.413</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.244.474</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.353.141</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.463.438</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.575.390</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.9pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.689.020</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$85.126.052</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>COGS</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$6.935.067</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.039.093</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.144.679</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.251.850</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.360.627</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.9pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.471.037</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$82.751.358</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.4pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,21%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Gross
    <FONT STYLE="letter-spacing: -0.1pt">Profit</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$202.346</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$205.381</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$208.462</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$211.588</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,83%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$214.762</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,83%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$217.984</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$2.374.694</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,79%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Operating
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$145.202</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,03%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$147.132</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,03%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$149.092</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,03%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$151.081</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,02%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$153.099</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,02%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$155.148</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,02%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$1.753.323</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,06%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">Platform</FONT>
    <FONT STYLE="font-size: 9pt; letter-spacing: -0.25pt">Fee</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,23%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,23%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,22%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,22%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,22%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,21%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$198.000</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,23%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt">Marketing/Misc.
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$10.934</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.098</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.265</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.434</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.605</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.779</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.15pt; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$130.411</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt">Misc.
    <FONT STYLE="letter-spacing: -0.2pt">OPEX</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.777</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.953</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.133</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.315</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.499</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.687</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$142.492</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">Wages</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$105.990</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,48%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$107.581</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,49%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$109.194</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,48%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$110.832</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,48%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$112.495</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,49%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$114.182</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,49%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$1.282.420</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,51%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.15pt; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$57.144</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,80%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.5pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$58.249</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,80%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$59.370</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,81%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$60.508</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.05pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,81%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.85pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$61.663</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.25pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,81%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$62.835</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.3pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,82%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.15pt; padding-right: 2.95pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>$621.371</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 0.35pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,73%</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 11pt Century Gothic,sans-serif; margin-top: 4.05pt; margin-bottom: 1.65pt; text-align: center"><B>FY-2027 - <FONT STYLE="letter-spacing: -0.35pt">H1</FONT></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%; border: black 1pt solid; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 5.5pt; letter-spacing: -0.1pt"><B>M</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt">onth</FONT></B></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>January</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.7pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>February</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.8pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>March</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.75pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>April</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.85pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.25pt"><B>May</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.9pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>June</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.9pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>2027
    H1 <FONT STYLE="letter-spacing: -0.1pt">Total</FONT></B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.800.895</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.914.398</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$8.029.553</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$8.146.383</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$8.264.912</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$8.385.167</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$48.541.308</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">100,00%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>COGS</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.579.554</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.8pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.689.647</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.801.339</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$7.914.653</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$8.029.614</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -1.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$8.146.244</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -1.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$47.161.051</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -1.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">97,16%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Gross
    <FONT STYLE="letter-spacing: -0.1pt">Profit</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$221.341</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$224.751</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$228.214</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$231.730</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$235.298</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,85%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$238.923</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,85%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$1.380.257</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,84%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Operating
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$155.879</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$156.245</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,97%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$156.617</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,95%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$162.813</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">2,00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$163.195</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,97%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$163.584</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,95%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$958.333</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,97%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left; line-height: 6.3pt"><FONT STYLE="font-size: 9pt">Platform
    <FONT STYLE="letter-spacing: -0.25pt">Fee</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,21%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,21%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,21%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,20%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.65pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,20%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$16.500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,20%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$99.000</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,20%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.1pt; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-size: 9pt">Marketing/Misc.
    <FONT STYLE="letter-spacing: -0.1pt">Expenses</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$11.935</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.109</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.285</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.464</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -0.75pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.65pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.645</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -1.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 1.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$12.829</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -1.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: 2.7pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$74.267</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.1pt; padding-right: -1.45pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,15%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">Wages</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$114.182</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,46%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$114.182</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,44%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$114.182</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,42%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$120.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,47%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$120.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,45%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$120.000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,43%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$702.546</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">1,45%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left; line-height: 6.3pt"><FONT STYLE="font-size: 9pt">Misc.
    <FONT STYLE="letter-spacing: -0.2pt">OPEX</FONT></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$13.262</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$13.454</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.6pt; text-align: right"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$13.650</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$13.849</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.65pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$14.050</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$14.255</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$82.520</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,17%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 1.65pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$65.462</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,84%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$68.506</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,87%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$71.597</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,89%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$68.917</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -0.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,85%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.65pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$72.103</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,87%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 1.7pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">$75.339</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,90%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.75pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><B><I>$421.924</I></B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: -1.45pt; text-align: right; line-height: 6.3pt"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">0,87%</FONT></TD></TR>
  </TABLE>

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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ex99_1.htm
<DESCRIPTION>PRESS RELEASE, DATED MAY 29, 2025
<TEXT>
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<P STYLE="color: #0E0E0E; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; color: #0E0E0E; margin: 0"><B>IQST &ndash; IQSTEL Sparks Rapid Global Fintech Expansion
with GlobeTopper Acquisition &mdash; Fast-Tracking $1 Billion Growth Plan</B></P>

<P STYLE="color: #0E0E0E; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>New York, NY &ndash; May 29, 2025</B> &ndash; <B>IQSTEL
Inc. (NASDAQ: IQST)</B>, a rapidly expanding multinational leader in telecommunications and emerging technologies, proudly announces the
execution of a definitive agreement to acquire <B>51% of GlobeTopper</B> (GlobeTopper.com) &mdash; a dynamic fintech innovator with operations
across <B>America, Europe, and Africa</B>. The transaction becomes <B>effective July 1, 2025</B>, marking a transformative milestone in
IQSTEL&rsquo;s journey toward becoming a <B>$1 billion revenue corporation</B>.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This milestone follows the signing of a Memorandum of Understanding
(MOU) on <B>March 21, 2025</B>, and reinforces IQSTEL&rsquo;s strategic vision to scale its <B>high-tech fintech footprint globally</B>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #0E0E0E; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Arial, Helvetica, Sans-Serif; width: 100%">
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  <TD STYLE="border-bottom: Black 1pt solid; width: 33%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>GlobeTopper&rsquo;s Vision and Forecasts</B></P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">GlobeTopper&rsquo;s strong market positioning is evident
in its current standalone performance &mdash; planning to generate over <B>$65 million in profitable revenue in 2025</B> alone. Its financial
outlook for the next three years reflects steady growth and operational momentum.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
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  <TD STYLE="border-bottom: Black 1pt solid; width: 33%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 34%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 33%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>Strategic Vision: A Masterpiece Commercial Move</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">IQSTEL&rsquo;s decision to acquire GlobeTopper is rooted
in a bold and deliberate strategic vision.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 11.25pt; text-indent: 0pt; color: #0E0E0E"><B>&ldquo;We didn&rsquo;t
just acquire a company&mdash;we partnered with a growth engine,&rdquo;</B> said Leandro Iglesias, CEO of IQSTEL.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><I>&ldquo;Our goal is to take GlobeTopper&rsquo;s innovative
fintech products and services and scale them globally through IQSTEL&rsquo;s powerful commercial platform &mdash; which already reaches
over <B>600 of the largest telecom operators around the world</B>.&rdquo;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">In parallel, GlobeTopper&rsquo;s existing client base &mdash;
including prominent multinational brands &mdash; opens the door for IQSTEL to <B>expand its reach into new sectors</B>, allowing deeper
penetration into the enterprise and global brand markets.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 11.25pt; text-indent: 0pt; color: #0E0E0E"><I>&ldquo;We believe the potential
for growth is massive,&rdquo; Iglesias continued. &ldquo;This isn&rsquo;t just an acquisition &mdash; it&rsquo;s a masterpiece commercial
move that brings together two agile organizations and sets the stage for something extraordinary.&rdquo;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">Together, IQSTEL and GlobeTopper will lead the next wave
of convergence between fintech and telecommunications in high-value markets across <B>Africa, Europe, and the Americas</B>.</P>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>Strategic Synergy and Ongoing Leadership</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">As part of the transaction, <B>Craig Span will continue
in his role as CEO of GlobeTopper</B>, ensuring leadership continuity and seamless integration into IQSTEL&rsquo;s Fintech Division.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 11.25pt; text-indent: 0pt; color: #0E0E0E"><B>&ldquo;This partnership
with IQSTEL marks a new era for GlobeTopper,&rdquo;</B> said Craig Span, CEO of GlobeTopper.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><I>&ldquo;We&rsquo;re incredibly excited to join forces
with a Nasdaq-listed company that shares our vision, values, and ambition. With IQSTEL&rsquo;s support, we&rsquo;re ready to fast-track
our growth and become a major player in the global fintech space.&rdquo;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">GlobeTopper will collaborate with <B>GlobalMoneyOne.com</B>,
co-developing a 3-year business plan to position itself as a <B>top-tier player in the global fintech ecosystem</B>.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>Accelerating Toward $1 Billion</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 11.25pt; text-indent: 0pt; color: #0E0E0E"><B>&ldquo;We&rsquo;ve helped
subsidiaries scale before, and we&rsquo;re doing it again with GlobeTopper,&rdquo;</B> said Iglesias.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><I>&ldquo;This deal puts us firmly on track to reach a $400
million revenue run rate and achieve our targeted 80% telecom / 20% tech revenue mix by the end of this year.&rdquo;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">This acquisition strengthens IQSTEL&rsquo;s position as
a <B>high-margin, tech-focused growth platform</B>, advancing its $1 billion revenue goal by 2027.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
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  <TD STYLE="border-bottom: Black 1pt solid; width: 33%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>Transaction Highlights</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">The transaction is valued at up to <B>$700,000</B>, structured
to align performance with shareholder value:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9pt 0 0 9.75pt; text-indent: -9.75pt; color: #0E0E0E">&#9;&bull;&#9;<B>$200,000</B>
in staged cash payments</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9pt 0 0 9.75pt; text-indent: -9.75pt; color: #0E0E0E">&#9;&bull;&#9;<B>$500,000</B>
in restricted IQSTEL common stock, issued at a 20% discount to the 5-day VWAP prior to closing</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9pt 0 0 9.75pt; text-indent: -9.75pt; color: #0E0E0E">&#9;&bull;&#9;<B>Performance-based
Earn-Outs</B>:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9pt 0 0 24.75pt; text-indent: -24.75pt; color: #0E0E0E">&#9;&bull;&#9;50% of
EBITDA growth in Year 1 (paid in IQSTEL shares)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9pt 0 0 24.75pt; text-indent: -24.75pt; color: #0E0E0E">&#9;&bull;&#9;50% of
EBITDA growth in Year 2 (paid in IQSTEL shares)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9pt 0 0 24.75pt; text-indent: -24.75pt; color: #0E0E0E">&#9;&bull;&#9;Earn-out
shares priced at a 20% discount to the higher of the 5-day VWAP.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">Additionally, <B>IQSTEL plans to invest up to $1.2 million
over the next 2 years </B>to accelerate GlobeTopper&rsquo;s growth and product roadmap. This investment is <B>contingent upon GlobeTopper
meeting specific quarterly financial targets</B>, ensuring performance-driven alignment throughout the integration.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
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</TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>What&rsquo;s Next</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">With GlobeTopper now part of the IQSTEL family, the company
is moving faster and stronger toward its vision. IQSTEL remains laser-focused on scaling high-tech divisions, expanding its global footprint,
and maximizing shareholder value.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B><I>&ldquo;We&rsquo;re building something big&rdquo; </I></B>added
Iglesias <I>&mdash; and the entire IQSTEL ecosystem is gaining powerful momentum&rdquo;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
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  <TD STYLE="border-bottom: Black 1pt solid; width: 33%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 34%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 33%">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 11.25pt; text-indent: -11.25pt; color: #0E0E0E"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #373737"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #373737"><B>About GlobeTopper</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: #373737"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 26.25pt"><FONT STYLE="color: #373737">GlobeTopper (</FONT>GlobeTopper.com)
<FONT STYLE="color: #373737">is a leader Fintech company specializing in advanced B2B Top-Up solutions, enabling seamless cross-border
financial transactions to something more along the lines of &lsquo;global Fintech company specializing in the provision of B2B digital
prepaid products with a unique focus on gift card programs and services. With a solid track record and a scalable, profitable business
model, GlobeTopper is poised for exponential growth under IQSTEL's leadership.</FONT></P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="color: #373737">The details of this acquisition
will be disclosed in an upcoming Form 8-K filing.&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="border-top: Black 1pt solid; width: 33%">&nbsp;</TD>
  <TD STYLE="border-top: Black 1pt solid; width: 34%">&nbsp;</TD>
  <TD STYLE="border-top: Black 1pt solid; width: 33%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="color: #0E0E0E; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; color: #0E0E0E; margin: 0"><B>About IQSTEL Inc.</B></P>

<P STYLE="color: #0E0E0E; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E"><B>IQSTEL Inc. (NASDAQ: IQST)</B> is a multinational technology
company providing advanced solutions across <B>Telecom</B>, <B>High-Tech Telecom Services</B>, <B>Fintech</B>, <B>AI-Powered Telecom Platforms</B>,
and <B>Cybersecurity</B>. With operations in <B>21 countries</B> and a team of <B>100 employees</B>, IQSTEL serves a broad global customer
base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting <B>$340 million
in revenue for FY-2025</B>, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #0E0E0E">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Use of Non-GAAP Financial Measures: </B>The Company uses
certain financial calculations such as Adjusted EBITDA, Return on Assets and Return on Equity as factors in the measurement and evaluation
of the Company&rsquo;s operating performance and period-over-period growth. The Company derives these financial calculations on the basis
of methodologies other than generally accepted accounting principles (&ldquo;GAAP&rdquo;), primarily by excluding from a comparable GAAP
measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations
are &ldquo;non-GAAP financial measures&rdquo; as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating
its business because management believes they are less susceptible to variances in actual operating performance that can result from the
excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because
management believes they are useful to investors in evaluating the primary factors that drive the Company&rsquo;s core operating performance
and provide greater transparency into the Company&rsquo;s results of operations. However, items that are excluded and other adjustments
and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing
the Company&rsquo;s financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute
for, the Company&rsquo;s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance
with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other
similarly-titled measures of other companies.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Adjusted EBITDA is not a recognized accounting measurement
under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash
flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating
performance. Adjusted EBITDA excludes, in addition to non-operational expenses like interest expenses, taxes, depreciation and amortization;
items that we believe are not indicative of our operating performance, such as:</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 11.5pt .AppleSystemUIFont; margin: 0 0 0 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Change in Fair Value of Derivative Liabilities: These
adjustments reflect unrealized gains or losses that are non-operational and subject to market volatility.</FONT></P>

<P STYLE="color: #0E0E0E; font: 11.5pt .AppleSystemUIFont; margin: 0 0 0 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Loss on Settlement of Debt: This represents non-recurring
expenses associated with specific financing activities and does not impact ongoing business operations.</FONT></P>

<P STYLE="color: #0E0E0E; font: 11.5pt .AppleSystemUIFont; margin: 0 0 0 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Stock-Based Compensation: As a non-cash expense, this
adjustment eliminates variability caused by equity-based incentives.</FONT></P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Company believes Adjusted EBITDA offers a clearer view
of the cash-generating potential of its business, excluding non-recurring, non-cash, and non-operational impacts. Management believes
that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because
the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that
may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to
investors.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Safe Harbor Statement:</B> Statements in this news release
may be &quot;forward-looking statements&quot;. Forward-looking statements include, but are not limited to, statements that express our
intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future
events or conditions. Words such as &quot;anticipate,&quot; &quot;believe,&quot; &quot;estimate,&quot; &quot;expect,&quot; &quot;intend&quot;,
&quot;could&quot; and similar expressions, as they relate to the company or its management, identify forward-looking statements. These
statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management.
Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking
statements include, among others, the following: our ability to successfully market our products and services; our continued ability to
pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom
products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products
and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and
maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations;
our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and
Exchange Commission.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">These statements are not guarantees of future performance
and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely
to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements
speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect
events or circumstances after the date of this news release.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For more information, please visit <B>www.IQSTEL.com</B>.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Investor Relations Contact:</B></P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">IQSTEL Inc.</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">300 Aragon Avenue, Suite 375, Coral Gables, FL 33134</P>

<P STYLE="color: #0E0E0E; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Email: investors@IQSTEL.com</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 26.25pt; color: #373737">&nbsp;</P>

<P STYLE="font: 10.5pt .AppleSystemUIFont,serif; margin: 0 0 0 11.25pt; text-indent: -11.25pt; color: #0E0E0E">&nbsp;</P>

<P STYLE="font: 11pt/115% Cambria, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Cambria, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 29, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 29,  2025<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">000-55984<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">iQSTEL Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001527702<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">45-2808620<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">NV<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">300 Aragon Avenue<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 375<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Coral Gables<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">FL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">33134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(954)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">951-8191<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
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</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>dei:fileNumberItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>dei:edgarStateCountryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
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<tr>
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<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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