Ilustrato Pictures International Inc (ILUS)

[creakyhottie]

https://www.sec.gov/Archives/edgar/data/1393781/000121390024029067/ea020267801ex2-1_quality.htm

Very strange Purchase Terms. 90% of price to be paid in as not yet existing stock, with a Value guarantee. At least it seems both sides confident that the NAZ merger will be happening

1.02 Purchase Price. The Parties have agreed a “Purchase Price” of 51% shares valued at $10,000,000 (Ten Million USD) ), which is payable as part payments as follows:



Tranche Timeframe and Conditions Amount Paid By Paid To
1 $9 million in National Exchange listed stock or cash to be paid to Seller. Payment in eight quarterly tranches over a period of 24 months, beginning from the first quarter following uplist to a National Exchange. Stock value to be protected by a make whole agreement/s and each tranche subject to a mutually agreed 12 months leak out agreement. $ 9,000,000 QIND ASG
2 Within 12 months of closing and at the soonest possible time, $1 million cash payment to the Seller. $ 1,000,000