Browse EX-10 agreements

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Exhibit 10.87

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CONSULTING AGREEMENT

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This CONSULTING AGREEMENT (this “Agreement”) is made and entered into as of 1 July 2025 by and between Linkage International Limited, a Hong Kong registered company (The “Consultant”), and Herbert YF Global Holding Limited, a Hong Kong registered company (“The Company”).

Upon the following terms and conditions of this Agreement, the Company desires to retain the Consultant to perform the following:

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AMENDMENT NO. 1
TO
CONSULTING AGREEMENT

This AMENDMENT NO. 1 (this “Amendment”) to that certain Consulting Agreement dated on or about July 1, 2025 (the “Consulting Agreement”), entered into by and between Herbert YF Global Holding Limited (the “Company”) and Linkage International Limited (the “Consultant”), is entered into effective as November 17, 2025, by and between the Company and the Consultant.

RECITALS:

WHEREAS, pursuant to the Consulting Agreement, the Company was required to pay a refundable deposit in the amount of HKD 25,000,000 as a refundable deposit for the acquisition of Ortus Climate Mitigation LLC’s Italian operations.

WHEREAS, the Company is a subsidiary of Clean Energy Technologies, Inc., a Nevada corporation (“CETY”), and the Consultant and other Hong Kong investors purchased 715,447 shares of CETY common stock on or about May 6, 2025 (the “CETY Shares”).

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LOAN AGREEMENT

by and between

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AULT CAPITAL GROUP, INC., AS THE LENDER

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&

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**AULT & COMPANY, INC., AS THE BORROWER
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This LOAN AGREEMENT is entered into with an effective date as of August 18, 2026, by and between Ault Capital Group, Inc., a Nevada corporation (the “Lender”) and Ault & Company, Inc., a Delaware corporation (the “Borrower”).

RECITALS

WHEREAS, Borrower wishes to seek, and Lender wishes to grant, a line of credit up to an aggregate amount of Fifteen Million Dollars ($15,000,000);

WHEREAS, in consideration of the extension of a maximum line of credit of up to $15,000,000, Lender and the Borrower wish to enter into this Agreement; and

WHEREAS, Lender and Borrower have agreed to enter into this Agreement to memorialize their understanding regarding their respective rights and obligations with respect to this Agreement and the Loan as such term is defined herein.

AGREEMENT

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Term NoTE

$5,000,000	June 12, 2026 (the “Issuance Date”)

FOR VALUE RECEIVED, the undersigned Ault & Company, Inc. (hereinafter sometimes called the “Borrower”) promises to pay, on or before June 11, 2029 (the “Maturity Date”), to Ault Capital Group, Inc., or its assigns (hereinafter called the “Lender”), at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, Nevada 89141 or such other address as is designated by the Lender, up to the sum of Five Million Dollars ($5,000,000), including accrued but unpaid interest thereon on the Maturity Date.

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PERSONAL GUARANTY

This PERSONAL GUARANTY (this “Guaranty”) is made as of the 18th day of August, 2026, by the undersigned (the “Guarantor”) for the benefit of Ault Capital Group, Inc., a Nevada corporation, and its successors and assigns (the “Lender”).

W I T N E S S E T H

WHEREAS, the Guarantor serves as the Chief Executive Officer of Ault & Company, Inc., a Delaware corporation (the “Borrower”).

WHEREAS, the Lender has agreed to extend credit to the Borrower through the making of loans in the principal amount of up to $15,000,000 pursuant to that certain Loan Agreement (the “Agreement”) pursuant to which Lender will, from time to time, be issued certain promissory notes (collectively, the “Notes”).

WHEREAS, as used herein, the term “Loan Documents” means, collectively, this Guaranty, the Agreement and the Notes.

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PERSONAL GUARANTY

This PERSONAL GUARANTY (this “Guaranty”) is made as of the 12th day of June, 2026, by the undersigned (the “Guarantor”) for the benefit of Ault Capital Group, Inc., a Nevada corporation, and its successors and assigns (the “Lender”).

W I T N E S S E T H

WHEREAS, the Guarantor serves as the Chief Executive Officer of Ault & Company, Inc., a Delaware corporation (the “Borrower”).

WHEREAS, the Lender has extended credit to the Borrower through the making of a loan in the principal amount of $5,000,000 pursuant to that certain Loan Agreement (the “Agreement”) pursuant to which it was issued that certain Term Note (the “Note”), in each case dated of even date herewith.

WHEREAS, as used herein, the term “Loan Documents” means, collectively, this Guaranty, the Agreement and the Note.

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LOAN AGREEMENT

This Loan Agreement (as it may be amended, this “Agreement”) is entered into on June 12, 2026 by and between Ault & Company, Inc., a Delaware corporation (the “Borrower”) and Ault Capital Group, Inc., a Nevada corporation, or its assigns (the “Lender”).

1.       LOANS.

1.1   Amount. Subject to the terms and conditions contained in this Agreement, Lender will provide funds of up to Five Million Dollars ($5,000,000) from time to time upon the written request of Borrower to Lender. Each Loan request shall be accompanied by a reasonably detailed description of the amounts and purposes for the use of funds. Borrower represents that funds shall only be used as set forth in Section 3(f) below, and such representation shall be included by reference in all documents related hereto. All loan requests shall provide advance notice of at least three (3) business days. All amount loaned hereunder shall be referred to as “Term Loans.”

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Term NoTE

$__________	_____________ (the “Issuance Date”)

FOR VALUE RECEIVED, the undersigned Ault & Company, Inc. (hereinafter sometimes called the “Borrower”) promises to pay, on or before August 17, 2029 (the “Maturity Date”), to Ault Capital Group, Inc., or its assigns (hereinafter called the “Lender”), at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, Nevada 89141 or such other address as is designated by the Lender, up to the sum of __________ Dollars ($_________), including accrued but unpaid interest thereon on the Maturity Date. This Note is one of several Notes referred to in the Loan Agreement, dated as of August 18, 2026 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Loan Agreement”) among Borrower and Lender, and evidences Loans made by Lender thereunder. Borrower and Lender recognize t

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AMENDMENTNO. 1

TO

CAMELOT RETURN ULTIMATE, LP 2022 EQUITY INCENTIVE PLAN

THIS AMENDMENT NO. 1to the Camelot Return Ultimate, LP 2022 Equity Incentive Plan (as the same may be further amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Plan”) of Camelot Return Ultimate, LP, a Delaware limited partnership (the “Partnership”), is approved by the Board of Directors of the Partnership (the “Board”) as of June 23, 2026 (the “Amendment Effective Date”), to be effective as of the Amendment Effective Date. Capitalized terms not otherwise defined herein shall have the meanings assigned to them in the Plan.

WHEREAS, the Partnership previously established the Plan; and

WHEREAS, the Board now desires to amend the Plan to increase the number of Units reserved for issuance under the Plan.

NOW, THEREFORE,the Plan is hereby amended as follows:

Section 3.02 of the Plan is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:

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AQ - AMENDMENT TO EMPLOYMENT AGREEMENT

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This Amendment to Employment Agreement ("Amendment") is made this 8th day of July, 2026, between iQSTEL, Inc., a Nevada corporation (the "Company"), and Alvaro Quintana Cardona ("Employee").

WHEREAS, the Company and Employee previously entered into an Employment Agreement dated May 2, 2019, as amended on November 1, 2020, February 29, 2024, and June 23, 2025 (collectively, the "Employment Agreement");WHEREAS, the Board of Directors of the Company has approved certain amendments to the Employment Agreement as set forth in the Unanimous Written Consent of the Board of Directors dated July 7th, 2026 (the "Board Consent");

WHEREAS, the Company and Employee desire to amend the Employment Agreement in accordance with the Board Consent for consistency and good corporate governance;

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

A.     Capitalized terms not otherwise defined herein shall have the same meanings as in the Employment Agreement.

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IOH - CONTRIBUTION AND ASSUMPTION AGREEMENT

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This Contribution and Assumption Agreement (this “Agreement”) is made and entered into as of July 2nd 2026 (the “Effective Date”), by and between: IQSTEL, Inc., a Nevada corporation (“Parent” or

“Contributor”), with its principal executive offices at 300 Aragon Avenue, Suite 375, Coral Gables, FL 33134; and IQSTEL Operating Holdings Inc., a Nevada corporation (“NewCo”, “Company”, or

“Subsidiary”), with its principal executive offices at 300 Aragon Avenue, Suite 375, Coral Gables, FL 33134 (or such other address as designated in its Articles of Incorporation). Parent and NewCo are

sometimes referred to individually as a “Party” and collectively as the “Parties.”

RECITALS

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WHEREAS, Parent is engaged, directly and through its subsidiaries, in telecommunications, fintech, and related businesses (collectively, the “Business”);

WHEREAS, Parent formed NewCo as a wholly owned subsidiary under the laws of the State of Nevada, with authorized capital stock mirroring the capital structure of Parent (including Common Stock and

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