iQSTEL CEO/CFO amend pacts, convert $631,500 salary arrears into Series B Preferred shares

iQSTEL Inc

Board approved amended employment agreements for CEO Iglesias and CFO Quintana on June 23, 2025.
Amendments allow conversion of unpaid salary into common shares (25% discount) or Series B Preferred Stock.
On June 24, 2025, Iglesias and Quintana converted $631,500 accrued salary into 6,571 shares of Series B Preferred Stock.
Series B conversion formula uses discounted common stock price then divides by 12.5 (Cardona) or 1,000 (Iglesias) per exhibits.

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