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The stock options to the advisors and consultants would not be considered to be original issue. To qualify for IRS Section 1202 the stock need to be original issue. The stock issued in September would qualify. Assuming that the stock qualifies for QSBS and is held for more than five years. The other stock would qualify for Long Term Capital Gain Treatment. The gain from the September stock would be eligible for the exclusion. Please let me know if you have any questions or need clarification.