iQstel SPA_Page_01.jpg [f8k121119ex10z11.jpg] 

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iQstel SPA_Page_02.jpg [f8k121119ex10z12.jpg] 

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iQstel SPA_Page_03.jpg [f8k121119ex10z13.jpg] 

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iQstel SPA_Page_04.jpg [f8k121119ex10z14.jpg] 

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iQstel SPA_Page_05.jpg [f8k121119ex10z15.jpg] 

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iQstel SPA_Page_06.jpg [f8k121119ex10z16.jpg] 

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iQstel SPA_Page_07.jpg [f8k121119ex10z17.jpg] 

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iQstel SPA_Page_08.jpg [f8k121119ex10z18.jpg] 

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iQstel SPA_Page_09.jpg [f8k121119ex10z19.jpg] 

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iQstel SPA_Page_10.jpg [f8k121119ex10z110.jpg] 

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iQstel SPA_Page_11.jpg [f8k121119ex10z111.jpg] 

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iQstel SPA_Page_12.jpg [f8k121119ex10z112.jpg] 

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iQstel SPA_Page_13.jpg [f8k121119ex10z113.jpg] 

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iQstel SPA_Page_14.jpg [f8k121119ex10z114.jpg] 

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iQstel SPA_Page_15.jpg [f8k121119ex10z115.jpg] 

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iQstel SPA_Page_16.jpg [f8k121119ex10z116.jpg] 

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iQstel SPA_Page_17.jpg [f8k121119ex10z117.jpg] 

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iQstel SPA_Page_18.jpg [f8k121119ex10z118.jpg] 

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iQstel SPA_Page_19.jpg [f8k121119ex10z119.jpg] 

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iQstel SPA_Page_20.jpg [f8k121119ex10z120.jpg] 

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iQstel SPA_Page_21.jpg [f8k121119ex10z121.jpg] 

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iQstel SPA_Page_22.jpg [f8k121119ex10z122.jpg] 

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iQstel SPA_Page_23.jpg [f8k121119ex10z123.jpg] 

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iQstel SPA_Page_24.jpg [f8k121119ex10z124.jpg] 

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iQstel SPA_Page_25.jpg [f8k121119ex10z125.jpg] 

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iQstel SPA_Page_26.jpg [f8k121119ex10z126.jpg] 

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iQstel SPA_Page_27.jpg [f8k121119ex10z127.jpg] 

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iQstel SPA_Page_28.jpg [f8k121119ex10z128.jpg] 

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iQstel SPA_Page_29.jpg [f8k121119ex10z129.jpg]