# EDGAR Filing Document

**Accession Number:** 0001496383
**File Stem:** 0001663577-23-000052
**Filing Date:** 2023-2
**Character Count:** 807883
**Document Hash:** 38184ab91f4534eb396ac78b63a22af6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001663577-23-000052.hdr.sgml**: 20241025

**ACCESSION NUMBER**: 0001663577-23-000052

**CONFORMED SUBMISSION TYPE**: 10-12G/A

**PUBLIC DOCUMENT COUNT**: 118

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ilustrato Pictures International Inc.
- **CENTRAL INDEX KEY:** 0001496383
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **IRS NUMBER:** 272450645
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-12G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56487
- **FILM NUMBER:** 23577947

**BUSINESS ADDRESS:**
- **STREET 1:** 26 BROADWAY
- **STREET 2:** SUITE 934
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 917-522-3202

**MAIL ADDRESS:**
- **STREET 1:** 26 BROADWAY
- **STREET 2:** SUITE 934
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Superior Venture Corp
- **DATE OF NAME CHANGE:** 20100712

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10**

**Amendment No. 2** 

**GENERAL FORM FOR REGISTRATION OF SECURITIES**

**Under Section 12(b) or (g) of the Securities Exchange Act of 1934**

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| |
|:---|
| **Ilustrato Pictures International, Inc.** |
| (Exact name of registrant as specified in its charter) |

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| | |
|:---|:---|
| **NEVADA** | **27-2450645** |
| (State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) |

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| |
|:---|
| **26 Broadway, Suite 934**<br> **New York, NY 10004** |
| (Address of principal executive offices and Zip Code) |

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| |
|:---|
| **917-522-3202** |
| (Registrant's telephone number, including area code) |

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**Copies of all correspondence to:** 

**Scott Doney, Esq.**

**The Doney Law Firm**

**4955 S. Durango Dr. Ste. 165**

**Las Vegas, NV 89113**

**Phone: (702) 982-5686**

Securities registered pursuant to Section 12(b) of the Act: **None**

Securities to be registered pursuant to Section 12(g) of the Act:

**Common stock, $0.001 par value**

(Title of class)

Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large, accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | [ ] | Accelerated filer | [ ] |
| Non-accelerated filer | [X] | Smaller reporting company | [X] |
| Emerging growth company | [ ] |  |  |

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

**TABLE OF CONTENTS**

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| | |
|:---|:---|
|  | **PAGE** |
| [Cautionary Note on Forward-Looking Statements](#a_017) | 1 |
| [Item 1. Business](#a_001) | 1 |
| [Item 1A. Risk Factors](#a_015) | 27 |
| [Item 2. Financial Information](#a_002) | 43 |
| [Item 3. Properties](#a_016) | 48 |
| [Item 4. Security Ownership of Certain Beneficial Owners and Management](#a_003) | 49 |
| [Item 5. Directors and Executive Officers](#a_004) | 50 |
| [Item 6. Executive Compensation](#a_005) | 53 |
| [Item 7. Certain Relationships and Related Transactions, and Director Independence](#a_006) | 59 |
| [Item 8. Legal Proceedings](#a_007) | 59 |
| [Item 9. Market Price of and Dividends on the Registrant's Common Equity and Related Stockholder Matters](#a_008) | 60 |
| [Item 10. Recent Sales of Unregistered Securities](#a_009) | 62 |
| [Item 11. Description of Registrant's Securities to be Registered](#a_010) | 66 |
| [Item 12. Indemnification of Directors and Officers](#a_011) | 69 |
| [Item 13. Financial Statements and Supplementary Data](#a_012) | 69 |
| [Item 14. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#a_013) | 69 |
| [Item 15. Financial Statements and Exhibits](#a_014) | 69 |

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**CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS**

Some of the statements contained in this registration statement on Form 10 of Ilustrato Pictures International, Inc. (hereinafter the "Company," "Ilustrato Pictures," "ILUS," "we," "us" or "our") discuss future expectations, contain projections of our plan of operation or financial condition or state other forward-looking information. In this registration statement, forward-looking statements are generally identified by the words such as "anticipate," "plan," "believe," "expect," "estimate" and the like. Forward-looking statements involve future risks and uncertainties, there are factors that could cause actual results or plans to differ materially from those expressed or implied. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. A reader should not place undue reliance on these forward-looking statements, which apply only as of the date of this registration statement. Important factors that may cause actual results to differ from projections include, for example:

• the success or failure of management's efforts to implement the Company's business plan;

• the ability of the Company to fund its operating expenses;

• the ability of the Company to compete with other companies that have a similar business plan;

• the effect of changing economic conditions impacting our plan of operation;

• the ability of the Company to meet the other risks as may be described in future filings with the SEC.

Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10 to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of our public disclosure practices.

Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes included in this Form 10.

**Item 1. Business**

**Business Overview**

ILUS is a Nevada corporation operating out of New York, London, and Dubai, focused on adding shareholder value through innovation and growth. The company has acquired and incorporated businesses in the global public safety and technology, engineering, and manufacturing industries. Historically, the company has evolved out of the public safety sector mainly through the development and manufacture of Emergency Services products, including Emergency Response vehicles, Special Vehicle conversions, Commercial EVs, and IoT Technology. ILUS also intends to acquire complimentary companies, which have disruptive technology and strong management and potential for rapid growth that may benefit from cross pollination of territories, products, and skills offered by our other group companies.

ILUS functions as a holding company, which operates through its subsidiaries within the public safety, technology, engineering, and manufacturing sectors. Our principal operating subsidiaries and their respective businesses are discussed in detail below. ILUS wholly owns or has a controlling stake in each of its subsidiaries which conduct their business operations with relative autonomy and are evaluated on their individual performance based upon the type of products and services they offer. Our strategy is to acquire manufacturing capability, routes to market and technology advancements in well-defined geographic, demographic and/or product niches within the business sectors that ILUS is focused on.

[**Table of Contents**](#toc)

****

<br> **Organizational Structure**

The below graphic shows our organizational structure, with ILUS as the "Parent" company and operations primarily carried out through the operating subsidiaries. The subsidiaries are identified in the figure below and are placed in three distinct divisions within their own existing or planned public companies, designed as Special Purpose Vehicles (SPV's) formed to fulfil each division's specific business purpose and activity. A fourth defense division is planned in line with potential future acquisitions that are contemplated in this division, as well as acquisitions contemplated for other divisions. We intend to disclose these acquisitions, as they happen, in our ongoing reports with the Securities and Exchange Commission. The divisions are listed below followed by the graphic:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Emergency Response** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Industrial & Manufacturing** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Mining & Renewable Energy** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Defense (Planned division)**![](image_376.jpg)

[**Table of Contents**](#toc)

&nbsp;&nbsp;&nbsp;&nbsp;• *ILUS* was incorporated in Nevada on April 27, 2010. ILUS functions as a Mergers and Acquisitions
company, which concentrates on providing strategic management oversight that includes financial, administration, marketing, and human
resources support to its operating companies. Therefore, in terms of revenue generation, ILUS itself relies on fees, dividends, and other
distributions from its acquired operating companies as the principal source of cash flow to meet its obligations. Additional information
regarding the cash flow and liquidity needs of the Parent can be found in the Liquidity and Capital Resources section of Management's
Discussion and Analysis of Financial Condition and Results of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;• *FB Fire Technologies Ltd*. (Firebug Group – UK) was incorporated on December 8, 2014. ILUS
acquired 100% of this company on January 26, 2021, under a signed Share Purchase Agreement. This company is engaged in the business of
manufacturing firefighting equipment and firefighting vehicles for global customers.

&nbsp;&nbsp;&nbsp;&nbsp;• *Firebug Mechanical Equipment LLC* (Firebug Group – U.A.E.) was incorporated on May 8, 2017.
ILUS acquired 100% of this company on January 26, 2021, under a signed Share Purchase Agreement. This company is engaged in the business
of research and development of firefighting technologies as well as the manufacturing firefighting equipment and firefighting vehicles
for its customers in the Middle East, Asia, and Africa.

&nbsp;&nbsp;&nbsp;&nbsp;• *Georgia Fire & Rescue Supply LLC (Georgia Fire)* was incorporated on the January 21, 2003.
ILUS acquired 100% of this company on March 31, 2022, under a signed Share Purchase Agreement. This company is engaged in the business
of sales, distribution and servicing/maintenance of Firefighting, Rescue and Emergency Medical Services equipment.

&nbsp;&nbsp;&nbsp;&nbsp;• *Bright Concept Detection and Protection System LLC (BCD Fire)* was incorporated on March 18, 2014.
ILUS acquired 100% of this company on April 13, 2021, in connection a signed Share Purchase Agreement. This company is engaged in the
business of sales, distribution, installation and maintenance of Fire Protection and Security systems.

&nbsp;&nbsp;&nbsp;&nbsp;• *Bull Head Products Inc*. was incorporated on June 8, 2007. ILUS acquired 100% of this company
on January 1, 2022, under a signed Share Purchase Agreement. This company is engaged in the business of manufacturing of aluminum truck
beds and brush truck skid units for firefighting purposes including wildland firefighting.

&nbsp;&nbsp;&nbsp;&nbsp;• *The Vehicle Converters (TVC)* was incorporated in 2006. ILUS owns 100% of the company. Ownership
was transferred to ILUS after ILUS acquired the brand name, intellectual property, and employees of the company on March 25, 2022. Following
ongoing due diligence which determined that the company was in a difficult financial position due to the Covid-19 pandemic, ILUS agreed
to take ownership of the company from previous management in order to restructure and rebuild it so that it would cooperate with Firebug
Mechanical Equipment LLC out of Dubai, United Arab Emirates. This company is engaged in the business of specialist vehicle conversions
and as planned, collaborates closely with Firebug Mechanical Equipment LLC to deliver converted vehicles to their customers.

&nbsp;&nbsp;&nbsp;&nbsp;• *Emergency Response Technologies, Inc*. This company was incorporated by ILUS on February 22, 2022,
as the company's Emergency Response Subsidiary. This company is engaged in the business of public safety and emergency response
focused mergers and acquisitions.

&nbsp;&nbsp;&nbsp;&nbsp;• *E-Raptor*. This company was incorporated by ILUS as the company's Commercial Electric Utility
Vehicle manufacturer on February 22, 2022. This company is engaged in the business of manufacturing electric utility vehicles for the
emergency response, agricultural, industrial, hospitality and transport sectors.

&nbsp;&nbsp;&nbsp;&nbsp;• *Replay Solutions* was incorporated by ILUS on March 1, 2022. The company is engaged in the business
of recovering precious metals from electronic waste, known as urban mining.

&nbsp;&nbsp;&nbsp;&nbsp;• *Quality Industrial Corp.* was originally incorporated on May 4, 1998. ILUS acquired 77% of this
company on May 28, 2022, under a signed Share Purchase Agreement. This company is engaged in the industrial, oil & gas, and manufacturing
sectors. Quality Industrial Corp. is a public company which trades on the OTC Market under the ticker QIND and is designed as a Special
Purpose Vehicle for our industrial and manufacturing division as well as for our operating company Quality International Co Ltd FCZ and
other future acquisitions.

&nbsp;&nbsp;&nbsp;&nbsp;• *AL Shola Al Modea Safety and Security LLC* is a fire safety company registered in the United
 Arab Emirates. The company has signed a Share Purchase Agreement to acquire 51% control
 of AL Shola Al Modea Safety and Security LLC (ASSS) on December 13, 2022.

• *Quality International Co Ltd FCZ* is a United Arab Emirates registered process manufacturing and engineering company. It manufactures custom solutions for
 the oil and gas, power/energy, water, desalination, wastewater, offshore and public safety
 industries. Quality Industrial Corp. signed the definitive Share Purchase Agreement on January
 18, 2023, to acquire a 52% interest in Quality International Co Ltd FCZ.

• Petro
 Line FZ LLC is is a United Arab Emirates registered a company that operates an oil refinery providing oil refining services. Quality Industrial Corp. signed the definitive Share Purchase
Agreement on January 27, 2023, to acquire a 51% interest in Petro Line FZ-LLC.

[**Table of Contents**](#toc)

**Our Offices**

Our offices are located at the following locations:

1. 26 Broadway, Suite 934, New York, NY 10004

2. Al Marsa Street 66, 11<sup>th</sup> Floor, Office 1105, Dubai Marina P.O. Box 32923, Dubai

3. Matrix@Dinnington. Nobel Way, Sheffield S25 3QB, United Kingdom

Our primary office telephone number is +1 917-522-3202. Our website address is https://ilus-group.com and our email address is ir@ilus-group.com. Information contained on, or accessible through, our website is not a part of, and is not incorporated by reference into this Form 10 Registration Statement.

**Intellectual Property**

The following overview concerns the intellectual property matters of our company and its subsidiaries. Specific detail as to each subsidiary, if applicable, is contained in the section titled "Our Operating Subsidiaries" below.

Patents and other proprietary rights are important to our business and can provide us with a competitive advantage. We also rely on trade secrets, design and manufacturing know-how, continuing technological innovations, and licensing opportunities to maintain and improve our competitive position. While the Company uses reasonable efforts to protect its trade and business secrets, the Company cannot assure that its employees, consultants, contractors, or advisors will not, unintentionally, or willfully, disclose the Company's trade secrets to competitors or other third parties. In addition, courts outside the United States are sometimes less willing to protect trade secrets. Moreover, the Company's competitors may independently develop equivalent knowledge, methods, and know-how. We periodically review third-party proprietary rights, including patents and patent applications, in an effort to avoid infringement on third-party proprietary rights and protect our own, identify licensing or partnership opportunities and monitor the intellectual property claims of others. Any infringement of the Company's proprietary rights could result in significant litigation costs, and any failure to adequately protect could result in the Company's competitors offering similar products, potentially resulting in loss of a competitive advantage and decreased revenue.

Existing patent, copyright, trademark, and trade secret laws afford only limited protection. In addition, the laws of some foreign countries do not protect the Company's proprietary rights to the same extent as do the laws of the United States. Therefore, the Company may not be able to protect the Company's proprietary rights against unauthorized third-party use. Enforcing a claim that a third party illegally obtained and is using the Company's trade secrets could be expensive and time consuming, and the outcome of such a claim is unpredictable. Litigation may be necessary in the future to protect the Company's trade secrets or to determine the validity and scope of the proprietary rights of others. This litigation could result in substantial costs and diversion of resources and could materially adversely affect the Company's future operating results.

We own a portfolio of intellectual property in our group, including 3 patents in the operating company, FB Fire Technologies Ltd. (FireBug Group), as well as confidential technical information and technological expertise in the manufacturing of firefighting technology.

While we consider our patents to be valued assets, we do not believe that our competitive position is dependent primarily on our patents or that our operations are dependent upon any single patent to manufacture our products. We nevertheless face intellectual property-related risks. For more information on these risks, see "Item 1A. Risk Factors."

The Company owns the trademark ILUS.

[**Table of Contents**](#toc)

**Competition**

The following overview covers the competition we encounter within markets we operate in and those we intend to expand into. Specific detail as to each subsidiary, if applicable, is contained in the section titled "Our Operating Subsidiaries" below.

The Public Safety Technology, Engineering, Industrial, Manufacturing, Mining and Renewable Energy sectors are highly competitive and continually evolving as participants strive to distinguish themselves within their markets and compete within their respective industry. While we do face intense competition in some divisions of our business from companies that have been established long before ours and have a strong global reach, we have also developed our own disruptive technology for which there is no known direct competition within that particular sector. We strive to advance our Technology, Engineering & Manufacturing capabilities in each sector ahead of our competitors to gain market share. Our ability to continue to compete effectively also depends upon our ability to attract the required skills, as well as to retain and motivate our existing employees and to compensate employees competitively. We believe that we have competitive strengths that position us favorably in our lines of business. However, our industry is dominated by long-standing companies, and we are continuously strategizing to increase our market share. These long-standing companies are often larger and have more resources to their disposable to retain market share. We believe that, in many of the sectors where we operate, the technology offered by our competitors is outdated and we have a competitive advantage through the innovative technology we offer.

A list of competitors for our operating companies can be found in the table below:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Type</u>** | **<u>Competitor Name</u>** | **<u>HQ Location</u>** | **<u>Date Founded</u>** | **<u>Website</u>** | **<u>Public/Private</u>** |
| Manufacturer | Oshkosh Corp - Pierce Manufacturing | WI, USA | 1917 | <u>https://www.oshkoshcorp.com/</u> | Public |
| Manufacturer | REV Fire Group - Ferrara, KME, Spartan, E-ONE, Smeal | WI, USA | 2010 | <u>https://revgroup.com/</u> | Public |
| Manufacturer | IDEX Corporation | IL, USA | 1988 | <u>https://www.idexcorp.com/</u> | Public |
| Manufacturer | Rosenbauer | Leonding, Austria | 1866 | <u>https://www.rosenbauer.com/en/uae/rosenbauer-world</u> | Public |
| Manufacturer | Task Force Tips | IN, USA | 1971 | <u>Task Force Tips - Task Force Tips Home Page (tft.com)</u> | Private |
| Manufacturer | Akron Brass | OH, USA | 1918 | <u>https://www.akronbrass.com/</u> | Public |
| Manufacturer | Elkhart Brass | IN, USA | 1902 | <u>https://www.elkhartbrass.com/</u> | Private |
| Manufacturer | Delta Fire | Norwich, USA | 1980 | <u>https://www.deltafire.co.uk/</u> | Private |
| Manufacturer | Ziegler | Brussels, Belgium | 1908 | <u>https://www.zieglergroup.com/</u> | Private |
| Manufacturer | Iveco Magirus | Baden-Württemberg Germany | 1864 | <u>https://www.iveco.com/corporate-en/company/pages/magirus.aspx</u> | Private |
| Supplier/Distributor | WS Darley | IL, USA | 1908 | <u>https://www.darley.com/</u> | Private |
| Supplier/Distributor | United Fire | AZ, USA | 1968 | <u>https://www.unitedfire.net/</u> | Private |
| Supplier/Distributor | Safe Fleet | MO, USA | 2013 | <u>https://www.safefleet.net/</u> | Private |
| Manufacturer | United Safety & Survivability Corp | PA, USA | 1984 | <u>https://unitedsafetycorporation.com/</u> | Private |
| Supplier/Distributor | MES Fire | TX, USA | 2001 | <u>https://www.mesfire.com</u> | Private |
| Manufacturer | Marioff | Vantaa, Finland | 1991 | <u>http://www.marioff.com/en/</u> | Private |
| Manufacturer | Ansul | WI, USA | 1915 | <u>www.ansul.com</u> | Private |
| Manufacturer & Supplier | Waterous | MN, USA | 1844 | <u>https://www.waterousco.com/</u> | Private |
| Manufacturer | Flaim | Melbourne, Australia | 2017 | <u>https://flaimsystems.com/</u> | Private |
| Supplier/Distributor | Western States Fire Protection | CO, USA | 1985 | <u>https://www.wsfp.com/</u> | Private |
| Manufacturer | Kidde Fire Systems | MA, USA | 1917 | <u>https://www.kidde-fenwal.com/</u> | Private |
| Manufacturer | Cascade Fire Equipment | OR, USA | 1985 | <u>https://cascadefire.com/</u> | Private |
| Manufacturer | Draeger | Lubeck, Germany | 1889 | <u>https://www.draeger.com</u> | Private |
| Manufacturer | IFS Solutions | TX, USA | 1979 | <u>https://ifsolutions.com</u> | Private |
| Manufacturer | Harris Pye | Glamorgan, UK | 1978 | <u>https://www.harrispye.com</u> | Private |
| Manufacturer | Aarya Engineering | Sharjah, UAE | 2005 | <u>http://www.aaryaengg.com</u> | Private |

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[**Table of Contents**](#toc)

Below is a list of competitors and ILUS competitive advantages:

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| | | | |
|:---|:---|:---|:---|
| **<u>Category</u>** | **<u>Competitor Name</u>** | **<u>Competitor of</u>** | **<u>ERT Advantages</u>** |
| Firefighting Vehicles | Oshkosh Corp - Pierce Manufacturing | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Firefighting Vehicles | REV Fire Group - Ferrara, KME, Spartan, E-ONE, Smeal | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Firefighting Equipment | IDEX Corporation | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Firefighting Vehicles | Rosenbauer | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Firefighting Equipment | Task Force Tips | FireBug | patented water mist technology in firefighting equipment |
| Firefighting Equipment | Akron Brass | FireBug | patented water mist technology in firefighting equipment |
| Firefighting Equipment | Elkhart Brass | FireBug | patented water mist technology in firefighting equipment |
| Firefighting Equipment | Delta Fire | FireBug | patented water mist technology in firefighting equipment |
| Firefighting Vehicles | Ziegler | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Firefighting Vehicles | Iveco Magirus | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Firefighting Equipment | WS Darley | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Fire Safety | United Fire | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Fire Safety | Safe Fleet | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Fire Safety | United Safety & Survivability Corp | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Fire Safety | MES Fire | Georgia Fire & Rescue Supply | exclusive distributors of world's largest brands and patented technology supported by an experienced team of firefighters, renowned service and reputation |
| Fire Protection | Marioff | FireBug | patented water mist nozzle technology for more effective and effective fixed fire suppression systems |
| Fire Protection | Ansul | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Fire Protection | Western States Fire Protection | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Fire Protection | Kidde Fire Systems | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Process Equipment | IFS Solutions | Quality International | extensive list of global multinationals as references and 1750 employees operating from over 10m square feet of manufacturing facilities & two port facilities - no outsourcing needed therefore competitive for complete turnkey projects |
| Process Equipment | Harris Pye | Quality International | extensive list of global multinationals as references and 1750 employees operating from over 10m square feet of manufacturing facilities & two port facilities - no outsourcing needed therefore competitive for complete turnkey projects |
| Process Equipment | Aarya Engineering | Quality International | extensive list of global multinationals as references and 1750 employees operating from over 10m square feet of manufacturing facilities & two port facilities - no outsourcing needed therefore competitive for complete turnkey projects |

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[**Table of Contents**](#toc)

**Government Regulations**

The following overview concerns government regulations that affect our company and its subsidiaries. Specific detail as to each subsidiary, if applicable, is contained in the section titled "Our Operating Subsidiaries" below.

In certain markets, some of our products require government approvals and some of our companies require specific operating licenses. Our operating companies remain compliant with the required licenses and approvals in order to operate within their respective markets and/or geographic territories. Approvals may also be required for the award of government contracts, and these are provided accordingly as required.

**Environmental, Health and Safety Laws and Regulations**

Our ongoing global operations are subject to a wide range of federal, state, local and foreign environmental, health and safety laws and regulations. These laws and regulations relate to the generation, storage, handling, use, release, disposal and transportation of hazardous materials and wastes, environmental cleanup, the health and safety of our employees and the fuel economy and emissions of the vehicles we manufacture. Compliance with these laws, regulations, permits, and approvals is a significant factor in our business. Certain of our operations require permits or other approvals from governmental authorities, and certain of these permits and approvals are subject to expiration, denial, revocation, or modification under various circumstances. We have expended resources, both financial and managerial, to comply with required regulations and we maintain procedures designed to foster and ensure compliance. We are committed to protecting our employees and the environment against any manufacturing related risks. In addition, we may be responsible under environmental laws and regulations for the investigation, remediation, and monitoring, as well as associated costs, expenses and third-party damages, including tort liability and natural resource damages, relating to past or present releases of hazardous substances on or from our properties or the properties of our predecessor companies, or third-party sites to which we or our predecessor companies have sent hazardous waste for disposal or treatment. Liability under these laws may be imposed without regard to fault and may be joint and several.

However, our failure to comply with applicable environmental, health and safety laws and regulations or permit or approval requirements could result in substantial liabilities or civil or criminal fines or penalties or enforcement actions, including regulatory or judicial orders enjoining or curtailing operations or requiring remedial or corrective measures, installation of pollution control equipment or other actions, as well as business disruptions, which could have a material adverse effect on our business, financial condition and operating results.

**Employees**

As of September 30, 2022, Ilustrato Pictures International Inc. had approximately 5 employees in the Parent company and there were approximately 1800 that are employees of the subsidiaries. The Parent employees and those employed by their respective subsidiary, are not currently represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

**Our Operating Subsidiaries**

ILUS provides strategic management oversight as well as financial, administration, marketing, and human resources support to the operating companies within its subsidiaries. Therefore, in terms of revenue generation ILUS itself relies on fees, dividends, and other distributions from its acquired operating companies as the principal source of cash flow to meet its obligations. Additional information regarding the cash flow and liquidity needs of the Parent can be found in the Liquidity and Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations.

[**Table of Contents**](#toc)

ILUS currently has three distinct subsidiaries (also known as divisions). The company is also planning a fourth subsidiary focused on the Defense sector. The respective operating companies within each subsidiary are listed below:

&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Emergency & Response subsidiary (under ERT):** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Firebug Group

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Vehicle Converters LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Bright Concept and protection System LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Bull Head Products Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Georgia Fire & Rescue Supply LLC

f. AL
 Shola Al Modea Safety and Security LLC.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Process & Manufacturing subsidiary (under ERT) - (Special Purpose Vehicle - QIND):** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Quality International Co Ltd FCZ

b. Petro
 Line FZ LLC

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Mining & Renewable Energy subsidiary:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Replay Solutions

***Emergency Response Technologies Inc.***

 ****

ILUS is primarily focused on the emergency response sector through its wholly owned subsidiary, Emergency Response Technologies Inc. ("ERT"). Under this subsidiary, ILUS aims to provide technology that protects communities, front line personnel and assets by acquiring technology and solutions for the emergency response sector. This sector includes Fire and Rescue Services, Law Enforcement, Emergency Medical Services and Emergency Management.

***Firebug Group***

FireBug is a firefighting equipment and vehicle manufacturer which specializes in disruptive water mist technology and rapid response vehicles. FireBug's equipment is designed to offer increased fire fighter safety with reduced water consumption. This technology enables smaller, more cost-effective vehicles for rapid fire and emergency response. The company was formed in the UK and currently operates from the following two locations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Matrix@Dinnington Business Centre, Nobel Way Dinnington, Sheffield S25 3QB, United Kingdom

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Warehouse G04, 79<sup>th</sup> Street, DIRC Warehouse Complex, DIP 2, Dubai, United Arab Emirates

On May 10, 2020, FB Technologies Global, Inc., wholly owned by Nicolas Link, acquired shares of ILUS stock, consisting of 10,000,000 Pref A Shares, 60,741,000 Pref D shares and 360,000,000 common shares, from the prior CEO, Larson Elmore, for an aggregate purchase price of $140,000.

On June 6, 2020, the Company entered into a definitive agreement with FB Fire Technologies Ltd. for the conversion of debt. The shareholders were issued 3,172,175 shares of Class E Preferred Stock. BrohF Holdings Ltd. was issued 672,175 shares and Artem Belov was issued 2,500,000 shares of Preferred Class E stock. A final tranche of shares for debt conversion will be issued conditional upon the audited financials for 2022.

On 26 January 2021, ILUS (The "Buyer") acquired 100% of the shares in Firebug Mechanical Equipment L.L.C. and 100% of the shares in FB Fire Technologies Ltd. Both companies were contributed to ILUS without consideration.

The FireBug range of products consists of the following:

&nbsp;&nbsp;&nbsp;&nbsp;1. MistNozzle handheld firefighting nozzles

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| ![](image_377.jpg) | ![](image_378.jpg) | ![](image_379.jpg) |

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[**Table of Contents**](#toc)

The MistNozzle handheld firefighting nozzles is a specialist firefighting nozzle/branch, which produces a fine water mist enabling it to extinguish multiple classes of fires without the use of chemical agents. The product is designed to increase efficiency, utilize less water, and increase fire fighter safety. The MistNozzle range is designed, developed and manufactured in the UK. It uses proven micron technology from the fire fixed suppression system industry. The MistNozzle uses science in order to provide superior fire cooling and extinguishing. Its low-pressure water mist technology makes it more efficient than comparative firefighting nozzles. The MistNozzle has one-click switch-function technology, allowing the user to easily transition between Jet Mode and Water Mist Mode, minimizing room for error and ensuring safe mode selection. The plug-and-play functionality of the MistNozzle works with most existing hose types on most existing fire trucks. The nozzle has been specifically designed for ease of use with minimal training required for safe and effective use. With water being a valuable resource the world over, the MistNozzle deliberately uses less water during operation. The water mist produced by the MistNozzle absorbs 2257kj of energy per liter verses conventional technology which absorbs 335kj per liter. The MistNozzle also combats the effects of smoke within the fire environment, providing effective and in some cases, lifesaving smoke scrubbing capability.

&nbsp;&nbsp;&nbsp;&nbsp;2. Mongoose external firefighting lance

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| ![](image_380.jpg) | ![](image_381.jpg) | ![](image_382.jpg) |

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&nbsp;&nbsp;&nbsp;&nbsp;3. MistMax and Maverick firefighting pumps

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| ![](image_383.jpg) | ![](image_384.jpg) |

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FireBug's MistMax is a portable low-pressure water mist ﬁre suppression skid. The self-contained skid unit is designed to ﬁt in a standard pick-up truck or on a UTV such as the E-Raptor electric UTV. The MistMax is an easy-to-use, lightweight, and reliable solution which can be used by both non-technical operators and experienced ﬁre ﬁghters. The MistMax uses Firebug's proprietary technology including customized eductor mixer, a specialized pulsating diaphragm pump, front winding geared hose reel, easy to use control panel, custom engineered baffled water tank and the Mini MistNozzle which features Firebug's water stream colliding and atomizing technology.

FireBug's Maverick is a self-priming, high-water volume, light portable pump which is designed as multi-purpose firefighting skid unit that can be portable or permanently fixed in a firefighting vehicle. It has the capability to operate a hose reel or lay flat hose connected to a water supply tank or it can lift water from an open water source or obtain it from a pressure fed supply such as a floating pump.

[**Table of Contents**](#toc)

&nbsp;&nbsp;&nbsp;&nbsp;4. Floating Pumps

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| ![](image_385.jpg) | ![](image_386.jpg) | ![](image_387.jpg) |

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Firebug offers a range of floating pumps which are designed for pumping water from streams, lakes, hard-to-reach sources of water, or flooded areas. The range of floating pumps offer practical features and easy-to-use operation. Features include high impact resistance, compact size and light weight, powerful Honda or Briggs & Stratton engines, bronze impellers for marine use where required, specialized strainers and optional external fuel tanks.

&nbsp;&nbsp;&nbsp;&nbsp;5. Firefighting BacPac.

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| ![](image_388.jpg) | ![](image_389.jpg) | ![](image_390.jpg) |

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Firebug's BacPac has been designed to provide rapid response firefighting capabilities using either water, foam or additive. The BacPac system contains a sophisticated internal mechanical rotor, which is used in the generation of WaterMist or foam (RAFS foam). The spindle and impellor rotate at high speeds mixing the foam that allows optimum extinguishing. The device increases the range of the discharge by at least 200% and is 6 times more efficient than any other known foam system, including CAFS.

&nbsp;&nbsp;&nbsp;&nbsp;6. E-Raptor Commercial Electric Utility Vehicle

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| ![](image_391.jpg) | ![](image_392.jpg) | ![](image_393.jpg) |

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Manufactured by FireBug, the E-Raptor range consists of commercial electric utility vehicles for several rugged applications. The E-Raptor 6x6 is the world's only 6-wheel electric utility vehicle. With 80km range on a single charge, the E-Raptor is fit for most industrial, agricultural, and rapid emergency response applications. The E-Raptor can carry a maximum load weight of 3500 Lbs. The E-Raptor range is manufactured by FireBug as it complements its rapid response firefighting vehicle solutions for confined and congested spaces.

[**Table of Contents**](#toc)

&nbsp;&nbsp;&nbsp;&nbsp;7. Rapid Intervention Vehicles

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| ![](image_394.jpg) | ![](image_395.jpg) | ![](image_396.jpg) |

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FireBug's rapid intervention vehicle solutions range from small electric utility vehicles with bespoke firefighting systems to pick-up trucks with firefighting and rescue systems, right up to customized firefighting appliances. FireBug specializes in providing bespoke vehicle solutions for rapid emergency response in congested areas, industrial facilities, shopping malls, marinas, airports, resorts, and communities which require their own firefighting or rescue vehicle capability.

&nbsp;&nbsp;&nbsp;&nbsp;8. Lightweight Co-Polymer Vehicle Bodies and Water Tanks

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| ![](image_397.jpg) | ![](image_398.jpg) |

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FireBug manufactures high quality, lightweight co-polymer vehicle bodies and tanks primarily for the emergency response sector. Depending on customer requirements, FireBug provides only the tank or vehicle superstructure or the fully equipped complete vehicle. Utilizing the latest in plastic cutting and welding technology, FireBug produces its plastic vehicle bodies and tanks from a highly durable and recyclable plastic material which has a 25-year guarantee.

*Intellectual Property*

FireBug's patents are listed below:

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|:---|:---|:---|:---|
| **Category** | **Short title** | **Long Title** | **Reference** |
| Patent | BacPac | Apparatus and method for fighting fires | GB2520561 |
| Patent | Spinning Regulating Unit | Fluid mixer device and method | GB2548074 |
| Patent | Mongoose | Fire-fighting apparatus and method of firefighting | GB2568684 |

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No patents have been licensed from third parties.

[**Table of Contents**](#toc)

*Competition*

Below is some of FireBug's competitors and competitive advantages:

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| **<u>Competitor Name</u>** | **<u>Competitor of</u>** | **<u>FireBug Advantages</u>** |
| Oshkosh Corp - Pierce Manufacturing | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| REV Fire Group - Ferrara, KME, Spartan, E-ONE, Smeal | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| IDEX Corporation | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Rosenbauer | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Task Force Tips | FireBug | patented water mist technology in firefighting equipment |
| Akron Brass | FireBug | patented water mist technology in firefighting equipment |
| Elkhart Brass | FireBug | patented water mist technology in firefighting equipment |
| Delta Fire | FireBug | patented water mist technology in firefighting equipment |
| Ziegler | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| Iveco Magirus | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| WS Darley | FireBug | patented water mist technology & lightweight polypropylene rapid response vehicle technology |
| United Fire | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Safe Fleet | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| United Safety & Survivability Corp | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Marioff | FireBug | patented water mist nozzle technology for more effective and effective fixed fire suppression systems |
| Ansul | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Western States Fire Protection | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |
| Kidde Fire Systems | FireBug | patented water mist nozzle technology for more effective and efficient firefighting equipment & fixed fire suppression systems |

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*Employees*

As of September 30, 2022, we had approximately 21 employees in Firebug Group. The employees are not currently represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

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***The Vehicle Converters LLC***

The Vehicle Converters (TVC) is a specialist vehicle converter which is operates from Warehouse G04, 79<sup>th</sup> Street, DIRC Warehouse Complex, DIP 2, Dubai, United Arab Emirates.

On 25 March 2022 ILUS (The "Buyer") acquired 100% of the brand name and all other rights, title, and interest in The Vehicle Converters a company beneficially owned by Danny Kourosh (The "Seller") for the sum of $20,500 (Twenty Thousand Five Hundred) in consideration.

The Vehicle Converters have operated for more than 15 years fabricating and converting specialized vehicles for specialist applications such as mobile clinics, ambulances, military transportation, oil, and gas, camping vehicles and mobile food trucks. The company focuses on sales in the Middle East and North African markets.

The Vehicle Converters completes various types of vehicle conversions as per customer requirements. Some examples can be found below:

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| ![](image_402.jpg) | ![](image_401.jpg) |

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| ![](image_404.jpg) | ![](image_403.jpg) |

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*Competition*

A list of TVC's competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;· Bespoke Trailers

&nbsp;&nbsp;&nbsp;&nbsp;· BOTT Vehicle Conversions

&nbsp;&nbsp;&nbsp;&nbsp;· DAW Automobile Assembly FZCO

&nbsp;&nbsp;&nbsp;&nbsp;· Transtech

*Employees*

As of September 30, 2022, we have 1 employee in Vehicle Converters. The employee is currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employee is good. Employees from Firebug Mechanical Equipment L.L.C., which operates from the same manufacturing facility in Dubai, United Arab Emirates, are used for vehicle conversions by The Vehicle Converters.

[**Table of Contents**](#toc)

***Bright Concept Detection and Protection System LLC***

Bright Concept Detection and Protection System LLC (BCD Fire) designs, installs, commissions, maintains and distributes fire protection, fire detection, evacuation, access control and security systems across the Middle East region. The company is located at Warehouse G04, 79th Street, DIRC Warehouse Complex, DIP 2, Dubai, United Arab Emirates.

On 13 April 2021, ILUS (The "Buyer") acquired 100% of the assets, liabilities and shares of Bright Concepts Detection & Protection Systems LLC, a company beneficially owned by Narinder Chadha & Partners (The "Seller"). As consideration, the buyer paid the seller 250,000 AED (Two hundred and fifty thousand) immediately on signing of the Sales Purchase agreement and agreed to pay the seller 10,000 AED (Ten thousand) monthly for 24 months starting from May 2021. The Buyer also issued the seller 1,000,000 (1 million) restricted shares in the public company llustrato Pictures International Inc. (Symbol: ILUS).

BCD Fire delivers turnkey projects which incorporate specification, design, installation, support, and maintenance at sites such as hotels, shopping malls, residential and commercial buildings as well as industrial facilities.

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| ![](image_408.jpg) | ![](image_407.jpg) | ![](image_406.jpg) | ![](image_405.jpg) |

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*Competition*

A list of BCD Fire's competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;· MAF Fire Safety & Security LLC

&nbsp;&nbsp;&nbsp;&nbsp;· Blue Flame Fire Fighting LLC

&nbsp;&nbsp;&nbsp;&nbsp;· Safety Line LLC

&nbsp;&nbsp;&nbsp;&nbsp;· BTFS Fire Protection

*Employees*

As of September 30, 2022, BCD Fire had approximately 24 employees. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

***Bull Head Products Inc.***

Bull Head Products Inc. is a specialist aluminum truck bed manufacturer and vehicle converter located at 387 Thorngrove Pike, Kodak Tennessee, 37764, USA.

[**Table of Contents**](#toc)

On January 1, 2022, ILUS (The "Buyer") acquired 100% of the 1000 (one thousand) shares of Bull Head Products Inc., a company beneficially owned by George Joe Chudina and Dorothy Lee Chudina (The "Sellers"). As consideration, the Buyer agreed to pay the Sellers an aggregate cash purchase price of $500,000 (Five Hundred Thousand) on the condition that certain agreed Targets and Key Performance indices are met. The Buyer paid a fixed sum of $300,000 (Three Hundred Thousand) upon closing and the remaining $200,000 (Two Hundred Thousand) will be paid by the Buyer over a one-year period after closing to the extent the business operations of Bull Head Products Inc. meet mutually agreeable performance thresholds referenced in Exhibit B in the SPA filed with this Form 10 and in the schedule below. The Buyer also issued the Sellers 6,750 (Six Thousand Seven Hundred and Fifty) restricted Class F Preferred Shares in Buyer.

To Qualify for the 2nd Payment of $100,000, minimum turnover of $320,000 (Excluding all taxes) must be achieved for the period from January 1, 2022, to June 30, 2022, or as per the following table. To Qualify for the 3<sup>rd</sup> Payment of $100,000, minimum turnover of $320,000 (Excluding all taxes) must be achieved for the period from 1 July, 2022, to December 31, 2022, or as per the following table:

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|  **Turnover Target** | **Percentage of Target** | **Aggregate Payment** |
| $320000 | Greater than 100% | $100000 |
| $320000 | 90-99 | $90000 |
| $320000 | 80-89 | $80000 |
| $320000 | 70-79 | $70000 |
| $320000 | 60-69 | $60000 |
| $320000 | 50-59 | $50000 |
| $320000 | less than 50% | $0 |

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Bull Head Products designs, manufactures and installs its aluminum truck beds and vehicle conversions for customers across the United States. Its customers come from several sectors, including wildland fire fighting. The company's products are built with 100% aluminum for optimal performance and reliability.

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| ![](image_409.jpg) | ![](image_410.jpg) | ![](image_411.jpg) |

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Bull Head Products operates from its Kodak, Tennessee facility, with many truck beds and conversions being completed and installed in the facility and many being shipped to dealers and distributors for installation.

During the past 18 months, Bull Head Products faced some supply chain issues as a direct result of the disruption in supply chains across the world due to the Covid-19 pandemic. Whilst every effort is made to source materials from additional suppliers, this can sometimes lead to an increase in price. The company has therefore increased its principal suppliers of raw materials to the following suppliers:

&nbsp;&nbsp;&nbsp;&nbsp;· Eastern Metal Supplies

&nbsp;&nbsp;&nbsp;&nbsp;· Tennessee Valley Fasteners

&nbsp;&nbsp;&nbsp;&nbsp;· Buyers Products Company

&nbsp;&nbsp;&nbsp;&nbsp;· Fastenal

&nbsp;&nbsp;&nbsp;&nbsp;· McMaster Carr

&nbsp;&nbsp;&nbsp;&nbsp;· Joseph T. Ryerson

&nbsp;&nbsp;&nbsp;&nbsp;· Triple S Steel

[**Table of Contents**](#toc)

Bull Head Products manufactures and installs its products for both private individuals and businesses who require a specific type of aluminum flatbed for their truck or fleet of trucks. The company services a wide range of new and repeat customers and there is no dependency on any one single customer.

*Intellectual Property*

Bull Head Products Inc has a Registered Trademark for the company logo. Originally it was registered under the name of George Chudina, and then changed to Bull Head Products Inc. and has subsequently been renewed.

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| **Category** | **Title** | **Reference** |
| Trademark | Bull Head Products Mark | 3397385 |

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The above trademark certificate is provided in the Exhibits.

*Competition*

As Bull Head Products manufactures all of its truck beds from 100% aluminum, it does not currently have direct competitors to the company's knowledge. Companies which offer comparable products use a combination of aluminum sheeting and steel frames which are prone to rust and decay. However, a list of some these competitive companies is listed below:

&nbsp;&nbsp;&nbsp;&nbsp;· CM Truck Beds

&nbsp;&nbsp;&nbsp;&nbsp;· Hillsboro Industries

&nbsp;&nbsp;&nbsp;&nbsp;· Pine Hill Manufacturing

&nbsp;&nbsp;&nbsp;&nbsp;· Knapheide Manufacturing

*Employees*

As of September 30, 2022, we had approximately 9 employees in Bull Head Products. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

***Georgia Fire & Rescue Supply LLC***

Georgia Fire & Rescue Supply LLC (Georgia Fire) is a distributor of equipment to the firefighting, law enforcement and Emergency Medical Services industries. The company is located at 107 P Rickman Industrial Drive, Canton, Georgia, 30115, USA

On February 22, 2022, ILUS (The "Buyer") acquired 100% of the shares of Georgia Fire & Rescue Supply LLC, a company beneficially owned by Barbara Jean Whidby (The "Seller"). As consideration, the buyer agreed to pay the seller an aggregate cash purchase price of $900,000 (Nine Hundred Thousand Dollars) on the condition that certain agreed Targets and Key Performance indices are met referenced in Exhibit B in the SPA filed with this Form 10. The Buyer paid a fixed sum of $680,000 (Six Hundred Eighty Thousand) upon closing and the remaining $220,000 (Two Hundred Twenty Thousand Dollars) will be paid by the Buyer over a one-year period after closing to the extent the business operations of Georgia Fire & Rescue Supply, LLC meet mutually agreeable performance thresholds displayed in table below. The Buyer also issued the seller 1,500 (One Thousand Five Hundred) restricted Class F Preferred Shares in Buyer.

Minimum Turnover (gross revenue) for 2022 and Quarter 1 (Excluding all taxes)- must be achieved for the period from January 1, 2022, to December 31, 2022, or as per the following table:

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|  **2022 Turnover Target** | **Q1 Turnover Target** | **Percentage of Target** | **Aggregate Payment** |
| $3200000 | $800000 | Greater than 100% | $170000 |
| $3200000 | $800000 | 90-99 | $153000 |
| $3200000 | $800000 | 80-89 | $136000 |
| $3200000 | $800000 | 70-79 | $119000 |
| $3200000 | $800000 | 60-69 | $102000 |
| $3200000 | $800000 | 50-59 | $85000 |
| $3200000 | $800000 | less than 50% | $0 |

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[**Table of Contents**](#toc)

 

The company receives enquiries and orders through the following means:

&nbsp;&nbsp;&nbsp;&nbsp;· e-commerce website - https://www.georgiafirerescue.com

&nbsp;&nbsp;&nbsp;&nbsp;· retail location in Canton, Georgia

&nbsp;&nbsp;&nbsp;&nbsp;· field sales representatives who call on and demonstrate products to potential customers

&nbsp;&nbsp;&nbsp;&nbsp;· participation in industry trade shows and events.

The company's products are delivered to the customer from its distribution warehouse in Canton, Georgia or shipped directly from the manufacturer to the end customer.

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| ![](image_412.jpg) | ![](image_414.jpg) | ![](image_413.jpg) |

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Georgia Fire has a customer base of over 1,800 customers and currently distributes over 95 brands as follows:

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| AED Superstore | Flamefighter Corp | Pollard Water |
| Agility Tech Corp | Fox Fury | Poly Tech |
| Airstar Space Lighting | FoxFire | Professional Life Support |
| Ajax Rescue Tools | Froggy's Fog | R & B Fabrications |
| Ansell | Full Source | Ram Air Gear Dryer |
| Black Diamond | Gemtor | Rescue Technology |
| Bluewater | Groves-Ready Rack | Rhyno - We Cut the Glass |
| Boston Leather | Helly Hansen | Ringers Gloves |
| Boswell Oil | Hi-Lift | RIT Safety Solutions |
| Brightstar | Highwater Hose Inc | Rocky Boots |
| Brooks Equipment | Holmatro | RollNRack |
| Bullard | Husky Portable | S&H Fire Products |
| BullDog Hose | Innotex | Sam Carbis Solutions Group |
| C & S Supply | Kroll | SCI Structural Composites |
| CET Fire Pumps Mfg. | Lakeland Fire | Smoke Trainer |
| CMC Rescue | Lakeland Industries Inc | Starrett |
| Con-Space | Leader-Tempest | STC Footwear |
| Council Tool | Lifeliners | Streamlight |
| Cox Reels | Lion Boots by Thorogood | Super Vac |
| Denko Foam | Logistics | Task Force Tips |
| Desert Diamond Industries | Mercedes Textiles Limited | Team Equipment Inc |
| Dewalt | National Foam | Tele-Lite |
| Diablo | Nightstick | Thorogood Boots |
| Dräger | Nupla | Trellchem |
| Dragon Fire Gloves | ORS | True North Gear |
| Duo Safety Ladders | Paratech | Turtle Plastics |
| ESS Eye Safety Systems | Pelican | Unifire |
| EVAC Systems | Performance Adv. Co. | Vanguard Safety Wear |
| Fire Hooks Unlimited | Phillips | Warthog |
| Firefly Signs | Plastix Plus | Wehr Engineering |
| FireQuip | PMI | Zephyr Tools |
| FireBug |  | Ziamatic Corporation |

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Georgia Fire is an official Dealer of Holmatro Products and partakes in the Holmatro Coop Marketing Program. Through this program, Georgia Fire & Rescue Supply has access to logo's, product images and information, and a dealer reward scheme. All promotions of the Holmatro range of products by Georgia Fire & Rescue Supply has to be reviewed and approved by Holmatro.

[**Table of Contents**](#toc)

*Competition*

A list of Georgia Fire's competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;· Fire Safety USA

&nbsp;&nbsp;&nbsp;&nbsp;· MES Fire

&nbsp;&nbsp;&nbsp;&nbsp;· Cascade Fire Equipment

&nbsp;&nbsp;&nbsp;&nbsp;· All Hands Fire

&nbsp;&nbsp;&nbsp;&nbsp;· US Fire & Safety Equipment Co

*Employees*

As of September 30, 2022, we had approximately 13 employees in Georgia Fire. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

***Quality Industrial Corp.***

On May 28, 2022, Modern Art Foundation Inc. ("Modern Art") Rene Lauritsen and Fastbase Holding Inc. agreed to transfer 77,669,078 shares of common stock in Wikisoft Corp. to Ilustrato Pictures International Inc. ("Ilustrato"). Pursuant to a Stock Transfer Agreement, the company purchased the shares for an aggregate amount of $500,000. Wikisoft Corp. has since changed its name to Quality Industrial Corp. and its OTC Ticker was changed from WSFT to QIND.

As a result of the above transaction, there was a change in control of the Company. The 77,669,078 shares transferred amounts to approximately 77% of the outstanding shares in Quality Industrial Corp. Consequently, ILUS now unilaterally controls the election of our board of directors and the direction of QIND. As a result of the Change of Control, Mr. Quintal resigned as Chairman of the Board, and Mr. Link was appointed as the Chairman of the Board.

***Quality International Co Ltd FCZ***

Quality Industrial Corp. signed a binding Letter of Intent on June 30, 2022, to acquire a 51% interest in Quality International Co Ltd FCZ from the shareholders of Quality International Co Ltd FZC. The agreement is predicated upon the execution and delivery of a definitive Stock Purchase Agreement for the transaction. The parties agreed to act in good faith towards the execution of that agreement following the completion of due diligence.

The Agreement contemplated a period of due diligence followed by entry into a definitive Share Purchase Agreement. On January 18, 2023, we entered into a definitive Share Purchase Agreement (the "Purchase Agreement") with the shareholders of Quality International, which agreement provided for our purchase of 52% of the shares of Quality International Co Ltd FZC.

The purchase price for the 52% of the Shares shall be up to $137,000,000 in cash, paid in tranches, subject to achievement of financial milestones presented in a schedule of payments set forth in the Purchase Agreement disclosed in the Exhibits. The tranches will be payable over a period of 2 years until the audited financials for the year ended December 31, 2024

[**Table of Contents**](#toc)

QIND has paid the initial $1,000,000 tranche, and the transaction will close imminently with signing of the closing documents referenced in the definitive Stock Purchase Agreement. Over the next 210 days QIND will contribute two tranches of $81,000,000 in total. The remaining $55,000,000 of the Purchase Agreement will be paid out in three additional tranches conditional upon Quality International meeting their audited EBITDA targets for 2023 and 2024 referenced in the SPA filed with this Form 10 and displayed in the table set below.

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|:---|:---|:---|:---|:---|
|  <u>Tranche</u> | <u>Timeframe and Conditions</u> | <u>Amount</u> | <u>Paid By</u> | <u>Paid To</u> |
| 1 | Paid after signing of Letter of Intent (June 28, 2022) | $1,000,000 (paid) | First Party | Gerab National Enterprise LLC |
| 2 | Following signing of this Agreement and subject to closing as per clause 1.03, payment to be made on or before 18 February 2023. | $15000000 | First Party | Quality International Co Ltd FZC |
| 3 | On or before 210 calendar days after Closing | $66000000 | First Party | $39,000,000 to Gerab National Enterprise LLC and $6,000,000 to Saseendran Kodapully Ramakrishnan and $21,000,000 to Quality International Co Ltd FZC |
| 4 | Within 30 days of H1 2023 Auditor Certified Financials | \*$14,000,000 | First Party | $6,000,000 to Gerab National Enterprise LLC and $5,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |
| 4 | \*Based on H1 2023 Forecast being met: | \*$14,000,000 | First Party | $6,000,000 to Gerab National Enterprise LLC and $5,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |
| 4 | EBITDA target: $11,164,105 | \*$14,000,000 | First Party | $6,000,000 to Gerab National Enterprise LLC and $5,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |
| 5 | Within 30 days of Year End 2023 Audited Financials | \*$20,000,000 | First Party | \*$15,000,000 to Gerab National Enterprise LLC and $2,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |
| 5 | \*Based on Year End 2023 Forecast being met - EBITDA target: $22,328,211 | \*$20,000,000 | First Party | \*$15,000,000 to Gerab National Enterprise LLC and $2,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |
| 6 | Within 30 days of Year End 2024 Audited Financials | \*$21,000,000 | First Party | $15,000,000 to Gerab National Enterprise LLC and $3,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |
| 6 | \*Based on Year End 2024 Forecast being met - EBITDA target: $27,144,231 | \*$21,000,000 | First Party | $15,000,000 to Gerab National Enterprise LLC and $3,000,000 to Saseendran Kodapully Ramakrishnan and $3,000,000 to Quality International Co Ltd FZC |

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We will take two non-paid board seats of Quality International and there shall be two other non-paid board seats for existing Company shareholders. A final board seat will be independent and chosen by us and the Company's shareholders.

The Purchase Agreement also contains certain restrictive covenants whereby the shareholders selling the Shares are prohibited from (a) competing with the business of the Quality Industrial, (b) soliciting employees of the Company and (c) intentionally interfering with the Company's business relationships, in each case during the two-year period immediately following the Closing.

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Quality International Co Ltd FCZ is a United Arab Emirates based process manufacturing company and manufacturer of custom solutions for the oil and gas, power/energy, water, desalination, wastewater, offshore and public safety industries. The company has oil and gas industry certifications in place and is on several global preferred vendor lists.

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| ![](image_418.jpg) | ![](image_418.jpg) |
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*Intellectual Property*

Quality International Co Ltd FCZ does not have own its own registered Intellectual Property rights. The company's Intellectual Property resides in its specific manufacturing processes, capability, compliance and certifications which have made it a trusted manufacturer for many large global multinationals including but not limited to BP, Shell, Total, Chevron, Sonatrach, Sasol, Gasco.

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*Certifications*

 

Quality International Co Ltd FCZ has the following certifications:

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| | | |
|:---|:---|:---|
| **Category** | **Type** | **Reference** |
| Certification | ISO 9001: 2015 | Hamriyah Facility |
| Certification | ISO 14001:2015 | Hamriyah Facility |
| Certification | ISO 45001:2018 | Hamriyah Facility |
| Certification | Manufacturer and Welding Shop acc. To AD 2000-Code / DIN EN ISO 3834 | Hamriyah Facility |
| Certification | ASME U Certificate of Authorization for Pressure vessels | Hamriyah Facility |
| Certification | ASME U2 Authorization to Manufacture Class 1 and Class 2 pressure vessels | Hamriyah Facility |
| Certification | ASME S Authorization to manufacture and assembly of power boilers | Hamriyah Facility |
| Certification | National Board of Boiler & Pressure Vessel Inspectors – Accreditation of "R" Repair Organizations | Hamriyah Facility |
| Certification | National Board of Boiler & Pressure Vessel Inspectors – Authorised to apply "NB" mark and register pressure vessels. | Hamriyah Facility |

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*Competition*

A list of some Quality Industrial Corp's competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;· IFS Solutions

&nbsp;&nbsp;&nbsp;&nbsp;· Harris Pye

&nbsp;&nbsp;&nbsp;&nbsp;· Aarya Engineering

*Employees*

 

As of September 30, 2022, we had approximately 1750 employees in Quality International Co Ltd FCZ. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good**.**

***Replay Solutions***

 ****

Replay Solutions was incorporated by ILUS on the 1<sup>st</sup> of March 2022. The company recycles and recovers precious metals from electronic and other forms of waste through the use of mechanical and chemical treatments. The company's "closed loop" concept utilizes electronic waste (E-Waste) and several other types of waste as resources not only to extract precious metals but to re-use all materials such as the plastics which are obtained. The company recycles cleanly, safely, and sustainably from items such as, but not limited to Print Circuit Boards (PCB), Cable wire and car radiators. The waste is shredded, crushed, and ground into powder form before an airflow and an electrostatic separator is used to separate the materials into metal and fibers. From and further refining processes, the various precious metals are obtained.

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*Competition*

A list of Replay Solution's competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Enviroserve

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Evciler

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Mint Innovation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Muller Guttenbrunn Group

*Employees*

As of September 30, 2022, we had approximately 3 employees in Replay Solutions. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

**AL Shola Al Modea Safety and Security LLC**

On December 13, 2022, the company has signed a Share Purchase Agreement to acquire 51% control of AL Shola Al Modea Safety and Security LLC (ASSS), an established fire safety company registered in the United Arab Emirates. The total purchase price is up to $714,000. The first tranche of $100,000 has been paid and the remaining three tranches with a total of $610,00 are conditional upon certain agreed Targets and Key Performance indices are met referenced in clause 1.02 in the SPA filed with this Form 10 and scheduled below.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Tranche** | **Timeframe and Conditions** | **Amount** | **Paid By** | **Paid To** |
| 1 | Payment within 7 days of closing proposed transaction – Time of signing SPA. | $100000 | ILUS | ASSS |
| 2 | To be Paid as a Loan to the Seller within 45 days after signing the SPA and Loan Agreement (Exhibit 3). The loan would be converted into Equity if the Company meets the agreed Revenue Forecast (Exhibit 2) and achieves a valuation of $2,000,000 (Two Million USD), until then it would be considered a loan. Repayment of the Loan shall be made as per the Loan Agreement (Exhibit 3) before disbursement of dividends. | $306000 | ILUS | ASSS |
| 3 | Paid after end of H1 2023, provided forecasted revenue and EBITDA forecasts are met for the first 6 months of 2023. (Exhibit 2) | $200000 | ILUS | ASSS |
| 4 | Paid after end of 2023, provided forecasted revenue and EBITDA forecasts are met for 2023. (Exhibit 2) | $200000 | ILUS | ASSS |
| 5 | Paid after end of H1 2024, provided forecasted revenue and EBITDA forecasts are met for the first 6 months of 2023. (Exhibit 2) | $214000 | ILUS | ASSS |

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Exhibit 2 - Target Financials as per ASSS / Agreed Revenue Forecast to be achieved

<u>USD</u> <u> <u>2023</u> </u> <u> <u>2024</u> </u> <u> <u>2025</u> </u> <u> <u>2026</u> </u> <u> <u>2027</u> </u> <br> <u> Revenues </u> <u> 1.987.747 </u> <u> 2.450.647 </u> <u> 2.804.629 </u> <u> 2.940.776 </u> <u> 3.076.923 </u> <br> <u> EBITDA </u> <u> 238.530 </u> <u> 367.597 </u> <u> 420.694 </u> <u> 470.524 </u> <u> 523.077 </u>

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 *Competition*

A list of ASSS's competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· MAF
 Fire Safety & Security LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Blue
 Flame Fire Fighting LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Safety
 Line LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· BTFS
 Fire Protection

 

 *Employees*

As of December 31, 2022, we had approximately 32 employees in AL Shola Al Modea Safety and Security LLC. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

 **Petro Line FZ-LLC** 

On January 27, 2022, QIND, a subsidiary of the Company signed a Share Purchase Agreement to acquire 51% control of Petro Line FZ-LLC(Petro Line), an established an oil refinery providing oil refining services registered in the United Arab Emirates. The purchase price for the Shares shall be up to $1,530,000 in cash, paid in three tranches, subject to the achievement of financial milestones presented in a schedule of payments which are set forth in the Purchase Agreement filed with this Form 10 and scheduled below.

![](image_076.jpg)![](image_077.jpg)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Tranche** | **Timeframe and Conditions** | **Amount** | **Paid By** | **Paid To** |
| 1 | To be paid within 14 days of signing this Share Purchase Agreement (closing). Payment to be utilized towards the restoration of the RAK facility with factory restoration to be completed and full operational capacity obtained within 2 months from the date of payment. | $500000 | QIND | Petro Line |
| 2 | To be paid on or within 6 Months after closing, provided mutually agreed performance and KPIs are met. | $500000 | QIND | Petro Line |
| 3 | To be paid on or within 12 Months after closing, provided mutually agreed performance and KPIs are met. | $500000 | QIND | Petro Line |

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Seller shall provide QIND with accurate forecasts in writing on the future performance (as per SPA) of the Company. Minimum agreed performance and KPIs for tranches 2 & 3 are set forth below.

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| | |
|:---|:---|
| &nbsp;&nbsp; **Year** | **EBIDTA USD** |
| 2023 | 1,609,671.17 |
| 2024 | 1,690,154.73 |

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 *Competition*

A list of Petro Line FZ-LLC competitors is provided below:

&nbsp;&nbsp;&nbsp;&nbsp;• Takreer
 Refinery

• Eagle
 Oil Refining Co LLC

 

*Employees*

As of December 31, 2022, we had approximately 18 employees in Petro Line FZ-LLC. The employees are currently not represented by a labor union or collective bargaining agreement. We believe that our relationship with our employees is good.

*Legal Proceedings*

From time to time, we may become party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of our business. Aside from the below, we are not currently a party, as plaintiff or defendant, to any legal proceedings that we believe to be material or which, individually or in the aggregate, would be expected to have a material effect on our business, financial condition or results of operation if determined adversely to us.

Ilustrato Pictures International Inc has applied to the District Court, Clark County, Nevada to have 40,000,000 shares with Ambrose & Keith cancelled as they were issued in error in 2018 as the deal never completed. The case has been won on September 15, 2022, in favor of the company and the court order was received on January 23, 2023. The transfer agent is currently in the process of cancelling the 40,000,000 shares.

We have been named as a defendant in an action commenced by our former CEO, Larson Elmore. A case has been filed in the Eight Judicial District Court of the State of Nevada (Case No. A-22-858343-C). Plaintiff alleges that we breached a stock purchase agreement dated May 10, 2020, and promissory notes and is therefore entitled to damages. We have potential counterclaims being prepared against the former CEO, arising due to improper action and lack of disclosures. We are in the process of a settlement discussion and have obtained an extension of time to respond while this process occurs.

We cannot predict whether this action involving our former CEO is likely to result in any material recovery by or expense to our company. Where it is reasonably possible to do so, the Company accrues estimates of the probable costs for the resolution of these matters. These estimates based upon an analysis of potential results and settlement strategies. It is possible, however, that future operating results for any particular quarter or annual period could be affected by changes in assumption.

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**Smaller Reporting Company**

The Company is a "smaller reporting company" as defined in Rule 12b-2 under the Exchange Act. There are certain exemptions available to us as a smaller reporting company, including: (1) not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes Oxley Act; (2) scaled executive compensation disclosures; and (3) the requirement to provide only two years of audited financial statements, instead of three years. As long as we maintain our status as a "smaller reporting company", these exemptions will continue to be available to us.

**Corporate History**

We were incorporated as Superior Venture Corp. on April 27, 2010, in the State of Nevada for the purpose of selling wine varietals. On November 9, 2012, we entered into an Exchange Agreement with Ilustrato Pictures Ltd., a British Columbia corporation ("Ilustrato BC"), whereby we acquired all of the issued and outstanding common stock of Ilustrato BC and the shareholders of Ilustrato BC received 1,200,000 shares of our common stock, which represented approximately 15% of our outstanding common stock following the acquisition. On November 30, 2012, Ilustrato BC transferred all of its assets and liabilities to Ilustrato Pictures Limited, our wholly owned subsidiary in Hong Kong ("Ilustrato HK").

Ilustrato BC was in the business of developing, for international release, feature theatrical films to be financed and distributed domestically by Chinese production companies.

On February 11, 2016, Barton Hollow, LLC, a Nevada limited liability company, and stockholder of the Company, filed an Application for Appointment of Custodian pursuant to Section 78.347 of the Nevada Revised Statutes in the District Court for Clark County, Nevada. Barton Hollow was subsequently appointed custodian of the Company by Order of the Court on Apri1 5, 2016. In accordance with the provisions of the Order, Barton Hollow thereafter moved to reinstate the Company with the State of Nevada, provide for the election of interim officers and directors, and call and hold a stockholder meeting.

On April 1, 2016, Barton Hollow, together with the newly elected director of the Company, caused the Company to enter into a Letter of Intent to merge with Cache Cabinetry, LLC, an Arizona limited liability company. Cache Cabinetry was a cabinet and design company headquartered in Scottsdale, Arizona that focused on the design and supply of kitchen furnishings to residential clients. Pursuant to the Letter of intent, the parties thereto would endeavor to arrive at, and enter a definitive merger agreement providing for the Merger. As an inducement to the members of Cache Cabinetry, LLC. to enter into the Letter of Intent and thereafter transact, the Company caused 360,000,000 shares of its common stock to be issued to the members.

Subsequently, on Apri1 6, 2016, the Company and Cache Cabinetry, LLC entered into a definitive Agreement and Plan of Merger (the "Merger Agreement"). As a result, the stockholders of the Company elected Derrick McWilliams the President and Chief Executive Officer of Cache Cabinetry, LLC , who, along with Barton Hollow, ratified and approved the Merger Agreement and Merger

The Merger closed on June 3, 2016. Upon closing, Cache Cabinetry, LLC. merged into a newly created subsidiary of the Company with the members of Cache Cabinetry, LLC receiving shares of common stock of the Company as consideration therefore. Upon closing of the Merger, Cache Cabinetry, LLC. was the surviving corporation in the merger and wholly owned subsidiary of the Company.

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In August 2019 the Company amended its Articles of Incorporation to authorize it to issue up to two billion (2,000,000,000) shares, of which all shares are common stock, with a par value of one-tenth of one cent ($0.001) per share. The Company also created the following 30,000,000 preferred shares with a par value of $0.001 to be designated Class A, B and C.

Class A – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class A share and voting rights of 500 common shares for every 1 preferred class A share. All 10,000,000 preferred class A shares have been issued to the Company's CEO.

Class B – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class B common share.

Class C – 10,000,000 preferred shares that convert at 2 common shares for every 1 preferred class C common share with voting rights of 100 common shares for every 1 preferred class C share.

On February 14, 2020, the Company designated preferred Class D shares – 60,741,000 preferred shares; par value $0.001 that convert at 500 common shares for every 1 preferred class D common share with voting rights of 500 common shares for every 1 preferred class D share.

On May 28, 2020, the Company designated preferred Class E shares - 5,000,000 preferred shares; par value $0.001; non-cumulative. Dividends are 6% a year commencing a year after issuance. Dividends to be paid annually. Redeemable at $1.00 per share, 2.25% must be redeemed per quarter, commencing one year after issuance, and shall be redeemed at 130% premium to the redemption value. These shares do not have voting rights.

On June 6, 2020, the Company entered into a definitive agreement with FB Fire Technologies Ltd. for the conversion of debt. The shareholders were issued 3,172,175 shares of Class E Preferred Stock. BrohF Holdings Ltd. was issued 672,175 shares and Artem Belov was issued 2,500,000 shares of Preferred Class E stock. A final tranche of shares for debt conversion will be issued conditional upon the audited financials for 2022.

On May 29, 2020, the 10,000,000 preferred A and preferred 60,741,000 D shares were transferred to FB Technologies Global, Inc.

On August 26, 2021, the company amended Class B Shares to 100,000,000 shares with par value $0.001 that convert at 100 common shares for every 1 preferred Class B Share with voting rights of 100 common shares for every 1 preferred class B share. Dividends to be paid according to the company's dividend policy agreed by the board from time to time.

On July 20, 2021, the Company designed preferred Class F shares – 50,000,000 preferred shares; par value $0.001 that convert at 100 common shares for every 1 preferred class F share with no voting rights and no dividends.

The company's subsidiaries were acquired on the following dates:

January 26, 2021, acquired Firebug Group

March 25, 2021, acquired The Vehicle Converters LLC

April 13, 2021, acquired Bright Concept Detection and Protection System LLC

February 11, 2022, acquired Bull Head Products Inc.

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March 31, 2022, acquired Georgia Fire & Rescue Supply LLC

May 28, 2022, acquired Wikisoft Corporation (now Quality Industrial Corp.)

December 13, 2022, acquired Al Shola Al Modea Safety and Security LLC

January 18, 2023, acquired Quality International Co Ltd FCZ

January 27, 2023, acquired Petro Line FZ LLC

**Item 1A. Risk Factors**

An investment in our securities involves a high degree of risk. In addition to the other information contained in this Registration Statement on Form 10, prospective investors should carefully consider the following risks before investing in our securities. If any of the following risks actually occur, as well as other risks not currently known to us or that we currently consider immaterial, our business, operating results and financial condition could be materially adversely affected. As a result, the trading price of our common stock could decline, and investors may lose all or part of their investment in our common stock. The risks discussed below also include forward-looking statements, and our actual results may differ substantially from those discussed in these forward-looking statements. See "Cautionary Note Regarding Forward-Looking Statements" in this Form 10. In assessing the risks below, you should also refer to the other information contained in this Form 10, including the financial statements and the related notes, before deciding to purchase any of our securities.

**Risk Related to Covid 19**

Our business and future operations may be adversely affected by epidemics and pandemics, such as the COVID-19 outbreak.

We may face risks related to health epidemics and pandemics or other outbreaks of communicable diseases, which could result in a widespread health crisis that could adversely affect general commercial activity and the economies and financial markets of the world as a whole. For example, the outbreak of COVID-19, which originated in China, was declared by the World Health Organization to be a "pandemic," and spread across the globe. A health epidemic or pandemic or other outbreak of communicable diseases, such as the COVID-19 pandemic, poses the risk that we, or our current and potential business partners may be disrupted or prevented from conducting business activities for certain periods of time, the durations of which are uncertain, and may otherwise experience significant impairments of business activities, including due to operational shutdowns or suspensions that may be requested or mandated by national or local governmental authorities or self-imposed by us, our users or other business partners. While it is not possible at this time to estimate the full impact that COVID-19 could have on our business, potential users, or other potential business partners, the continued spread of COVID-19, the measures taken by the local and federal government, actions taken to protect employees, and the impact of the pandemic on various business activities could adversely affect our results of operations and financial condition. COVID-19 has not recently had any material impact on our operations, supply chain, liquidity or capital resources. During the lockdowns we however saw significant shipping delays, consumer orders on hold due to budgetary restrictions as well as a slow-down in our planned acquisitions due to flight restrictions limiting on site due diligence. The company has as a mitigant to future COVID-19 outbreaks increased its number of suppliers of raw materials to reduce the risk of production capabilities and order back-logs.

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 **<u>Risks Relating to Macro Conditions and Our Financial Condition</u>**

**<u> </u>**

 ***Our ability to generate the significant amount of cash needed to service our debt obligations and our ability to refinance all or a portion of our indebtedness or obtain additional financing depends on many factors, many of which may be beyond our control.***

  ****

Our ability to make scheduled payments on, or to refinance our obligations under, our debt, will depend on our financial and operating performance, which, in turn, will be subject to prevailing economic and competitive conditions and to the financial and business factors, many of which may be beyond our control. We cannot assure you that our business will generate sufficient cash flow from operations, that currently anticipated business opportunities will be realized on schedule or at all, or that future borrowings will be available to us in amounts sufficient to enable us to service our indebtedness and any amounts borrowed under future credit facilities, or to fund our other liquidity needs.

We will use cash to pay the principal and interest on our debt. These payments limit funds otherwise available for working capital, capital expenditures, acquisitions, collaborations and other purposes. As a result of these obligations, our current liabilities may exceed our current assets. We may need to take on additional debt as we expand in our industry, which could increase our ratio of debt to equity. The need to service our debt may limit funds available for other purposes and our inability to service debt in the future could lead to acceleration of our debt and foreclosure on assets.

Although this is presently not the case, nor do we currently foresee it, we cannot assure that we will be able to refinance any of our indebtedness or obtain additional financing as well as prevailing market conditions. As a result, we could face liquidity problems and might be required to dispose of material assets or operations to meet our indebtedness service and other obligations.

The lending documents restrict, and any agreements governing future indebtedness may restrict, our ability to dispose of assets and use the proceeds from any such dispositions. We cannot assure we will be able to consummate any asset sales, or if we do, what the timing of the sales will be or whether the proceeds that we realize will be adequate to meet indebtedness service obligations when due.

**<u> </u>**

***If we are unable to successfully identify, complete and integrate acquisitions, our results of operations could be adversely affected.***

 ****

Acquisitions have been and will continue to be a significant component of our growth strategy. We seek to identify and complete acquisitions and may continue to make strategic acquisitions. Our previous or future acquisitions may not be successful or may not generate the financial benefits that we expected to achieve at the time of acquisition. In addition, there can be no assurance that we will be able to locate suitable acquisition candidates in the future or acquire them on acceptable terms or, because of competition in the marketplace and limitations imposed by the agreements governing our indebtedness or the availability of capital, that we will be able to finance future acquisitions. Acquisitions involve special risks, including, without limitation, the potential assumption of unanticipated liabilities and contingencies, difficulty in assimilating the operations and personnel of the acquired businesses, disruption of our existing business, dissipation of our limited management resources and impairment of relationships with employees and customers of the acquired business as a result of changes in ownership. While we believe that strategic acquisitions can improve our competitiveness and profitability, these activities could have a material adverse effect on our business, financial condition, and operating results. We may incur significant costs such as transaction fees, professional service fees and other costs related to future acquisitions. We may also incur integration costs following the completion of any such acquisitions as we integrate the acquired business with the rest of our Company. Although we expect that the realization of efficiencies related to the integration of any acquired businesses will offset the incremental transaction and acquisition-related costs over time, this net financial benefit may not be achieved in the near term, or at all.

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***Inability to Continue Developing New Products.***

 ****

Our ability to continue to grow organically is tied in large part to our ability to continue to develop new products. A failure to continue to develop and deliver new, innovative, and competitive products to the market could limit sales growth and negatively impact our Company and our financial condition, results of operations and cash flow.

***Risks associated with climate change and other environmental impacts, and increased focus and evolving views of our customers, shareholders, and other stakeholders on climate change issues, could negatively affect our business and operations.***

The effects of climate change create short and long-term financial risks to our business, both in the U.S. and globally. We have significant operations located in regions that have been, and may in the future be, exposed to significant weather events and other natural disasters. Climate related changes can increase variability in or otherwise impact natural disasters, including weather patterns, with the potential for increased frequency and severity of significant weather events (e.g., flooding, hurricanes, and tropical storms), natural hazards (e.g., increased wildfire risk), rising mean temperature and sea levels, and long-term changes in precipitation patterns (e.g., drought, desertification, and/or poor water quality). We expect climate change could affect our facilities, operations, employees, and communities in the future, particularly at facilities in coastal areas and areas prone to extreme weather events and water scarcity. Our suppliers are also subject to natural disasters that could affect their ability to deliver or perform under our contracts, including as a result of disruptions to their workforce and critical infrastructure. Disruptions also impact the availability and cost of materials needed for manufacturing and could increase insurance and other operating costs.

Increased worldwide focus on climate change has led to legislative and regulatory efforts to combat both potential causes and adverse impacts of climate change, including regulation of greenhouse gas emissions. New or more stringent laws and regulations related to greenhouse gas emissions and other climate change related concerns may adversely affect us, our suppliers, and our customers. Some of our facilities are, for example, engaged in manufacturing processes that produce greenhouse gas emissions, including carbon dioxide, or rely on products from others that do so. We have worked for years to reduce our reliance on fossil-based energy sources, to decrease our greenhouse gas emissions, to reduce our consumption of water and production of waste, and to ensure our compliance with environmental regulations where we operate, enhancing our record of environmental sustainability. However, new, and evolving laws and regulations could mandate different or more restrictive standards, could require capital investments to transition to low carbon technologies, could adversely impact our ongoing operations, and could require changes on a more accelerated time frame. Our suppliers may face similar challenges and incur additional compliance costs that are passed on to us. These direct and indirect costs may adversely impact our results

***We may be adversely affected by the effects of inflation.***

Inflation in wages, materials, parts, equipment, and other costs has the potential to adversely affect our results of operations, cash flows and financial position by increasing our overall cost structure, particularly if we are unable to achieve commensurate increases in the prices, we charge our customers for our products and services. In addition, the existence of inflation in the economy has the potential to result in higher interest rates, which could result in higher borrowing costs, supply shortages, increased costs of labor, weakening exchange rates and other similar effects. The Company has currently experienced inflationary pressures on its supply chain due to increased shipping costs, increased energy prices for manufacture of our commercial products as well as increased prices from suppliers of raw materials. We have so far been able to offset inflationary pressure to consumers but it cannot be guaranteed that that our results of operations will not be adversely affected by inflation in the future and could reduce sales and/or operating margins, and overall financial performance.

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***We are Dependent on the Availability of Raw Materials, Parts and Components Used in our Products.***

While the Company manufactures certain parts and components used in its products, the Company also requires substantial amounts of raw materials and purchases certain parts and components from suppliers. The availability of and prices for raw materials, parts and components may be subject to curtailment or change due to, among other things, suppliers' allocations to other purchasers, interruptions in production by suppliers, including due to geopolitical or civil unrest, unfavorable economic or industry conditions, labor disruptions, supply chain disruptions, catastrophic weather events, natural disasters, the occurrence of a contagious disease or illness, changes in exchange rates and prevailing price levels. Any change in the supply of, or price for, these raw materials or parts and components could materially affect the Company and its financial condition, results of operations and cash flow.

Using the recent example of our acquisition, Bull Head Products Inc., the demand for new trucks has not declined during Covid-19, but instead there was a delay in the delivery of new Pickup trucks due to a shortage of electronic chips. Historically, 68% of the truck beds built by Bull Head Products are for installation of a truck bed on a new pickup truck. There has not been a significant shift to installation on older trucks, but instead, the customers wait for confirmation of the delivery of new trucks before ordering a new truck bed. Bull Head Products Inc. also has order backlogs of over 9 months due to customers waiting for their new trucks to be delivered. One-third of our current enquiries are impacted by a delay in delivery of new pick-up trucks, which presents a risk to Bull Head Products Inc.

***Increases in the price of commodities could impact the cost or price of our products, which could impact our ability to sustain and grow earnings.***

 ****

Our manufacturing processes consume significant amounts of raw materials, the costs of which are subject to worldwide supply and demand factors, as well as other factors beyond our control. Raw material price fluctuations may adversely affect our results. We purchase, directly and indirectly through component purchases, significant amounts of plastic, aluminum, steel, and other raw materials. In the past raw material prices have experienced volatility which has been unforeseen and unexpected. Commodity pricing has fluctuated over the past few years and may continue to do so in the future. Such fluctuations could have a material effect on our results of operations, balance sheets and cash flows and impact the comparability of our results between financial periods.

***We May be Subject to Loss in Market Share and Market Acceptance as a Result of Performance Failures, Manufacturing Errors, Delays or Shortages.***

There is a risk that for unforeseen reasons we may be required to repair or replace products in use or to reimburse customers for products that fail to work or meet strict performance criteria. To date, we have experienced some product failures related to electronic and mechanical components within equipment and vehicles. These are either repaired under warranty or at cost to the customer or under a maintenance agreement.

Other disruptions in the supply chain process or product sales and fulfilment systems for any reason, including equipment malfunction, failure to follow specific protocols and procedures, supplier facility shut-downs, defective raw materials, wars and conflict, natural disasters such as hurricanes, tornadoes or wildfires, property damage from riots, and other environmental factors and the impact of epidemics or pandemics, such as Covid-19, and actions by businesses, communities and governments in response, could lead to launch delays, product shortage, unanticipated costs, lost revenues and damage to our reputation.

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We have taken steps to limit remedies for product failure to the repair or replacement of malfunctioning or non-compliant products or services, and also attempt to exclude or minimize exposure to product and related liabilities by including in our standard agreements warranty disclaimers and disclaimers for consequential and related damages as well as limitations on our aggregate liability. From time to time, in certain sales transactions, we may negotiate liability provisions that vary from such standard forms. There is a risk that our contractual provisions may not adequately minimize our product and related liabilities or that such provisions may be unenforceable. We intend to carry product liability insurance, but coverage we secure may not be adequate to cover potential claims. Moreover, to the extent we have to repair, reimburse, or expend funds to cover customer service issues, our results of operations will be negatively affected.

***We Will Rely in Part Upon Sales Reps, Retailers and Distribution Partners to Distribute our Products, and We May Be Adversely Affected if Those Parties do not Actively Promote our Products or Pursue Customers Who Would Have a Potential Demand for our Products.***

We estimate that a significant portion of our revenue will come from sales to partners through sales reps, retailers, distributors, and resellers. Some of these relationships have not been formalized in detailed contracts and may be subject to termination at any time. Even where these relationships are formalized in a detailed contract, the agreements are often terminable with little or no notice and subject to periodic amendment. We cannot control the amount and timing of resources that our partners devote to activities on our behalf.

We intend to continue to seek strategic relationships to distribute, license and sell certain of our products. We, however, may not be able to negotiate acceptable relationships in the future and cannot predict whether current or future relationships will be successful.

 ****

***The Markets the Company operates in are Highly Competitive which Could Reduce Sales and Operating Margins.***

Most of the Company's products are sold in competitive markets. Maintaining and improving a competitive position will require continued investment in manufacturing, engineering, quality standards, marketing, customer service and support and distribution networks. The Company may not be successful in maintaining its competitive position. The Company's competitors may develop products and methods that are more efficient or may adapt quicker to new technologies or evolving customer requirements. The Company may not be able to compete successfully with existing competitors or with new competitors. Pricing pressures may require the Company to adjust the prices of products to stay competitive. Failure to continue competing successfully could reduce sales, operating margins, and overall financial performance.

 ***The Company's Business Operations May Be Adversely Affected by Information Systems Interruptions or Cybersecurity Intrusions.***

The Company depends on various information technologies to administer, store, and support multiple business activities. If these systems are damaged, cease to function properly or are subject to cyber-security attacks, such as those involving unauthorized access, malicious software and/or other intrusions, the Company could experience production downtimes, operational delays, other detrimental impacts on operations or the ability to provide products and services to its customers, the compromising of confidential or otherwise protected information, destruction or corruption of data, security breaches, other manipulation or improper use of the Company's systems or networks, financial losses from remedial actions, loss of business or potential liability, penalties, fines and/or damage to the Company's reputation. While the Company attempts to mitigate these risks by employing a number of measures, including having hired an IT manager with cyber security expertise, who reports directly to our management team, employee training, technical security controls and maintenance of backup and protective systems, the Company's systems, networks, products, and services remain potentially vulnerable to known or unknown threats, any of which could have a material adverse effect on the Company and its financial condition or results of operations. Further, given the unpredictability, nature, and scope of cyber-security attacks, it is possible that potential vulnerabilities could go undetected for an extended period. We have currently not been subject to material cybersecurity breaches in our supply chain, software, or services used in our products, services, or business. A severe future cybersecurity incident in our supply chain could however reduce sales, operating margins, and overall financial performance.

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 ***Our long-term success depends, in part, on our ability to operate and expand internationally, and our business is susceptible to risks associated with international operations.***

Currently, we maintain operations in the United States, the United Kingdom, the Rebublic of Serbia and the United Arab Emirates, and plan to continue our efforts to expand globally, in jurisdictions where we do not currently operate including, but not limited to, Spain, Uruguay and South Africa. The Company expects international operations and export sales to continue to constitute the majority of our sales and assets in the foreseeable future. Managing a global organization is difficult, time consuming and expensive, and any international expansion efforts that we undertake may not be profitable in the near or long term. Although we have operating experience in many foreign jurisdictions, we must still continue to make significant investments to build our international operations. The Company's sales from international operations and sales from export are both subject in varying degrees to risks inherent in doing business outside the U.S. These risks include the following:

&nbsp;&nbsp;&nbsp;&nbsp;▪ Costs,
 risks and uncertainties associated with tailoring our services in international jurisdictions
 as needed to better address both the needs of customers, and the threats of local competitors;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Risks
 of economic instability, including due to inflation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Uncertainties
 in forecasting revenues and expenses in markets where we have not previously operated;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Costs
 and risks associated with local and national laws and regulations governing the industries
 in which we operate, health and safety, climate change and sustainability, and labor and
 employment;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Operational
 and compliance challenges caused by distance, language, and cultural differences;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Costs
 and risks associated with compliance with international tax laws and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Costs
 and risks associated with compliance with the U.S. Foreign Corrupt Practices Act and other
 laws in the United States related to conducting business outside the United States, as well
 as the laws and regulations of non-U.S. jurisdictions governing bribery and other corrupt
 business activities;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Costs
 and risks associated with human trafficking, modern slavery and forced labor reporting, training
 and due diligence laws and regulations in various jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Being
 subject to other laws and regulations, including laws governing online advertising and other
 Internet activities, email and other messaging, collection and use of personal information,
 ownership of intellectual property, taxation and other activities important to our online
 business practices;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Currency
 exchange rate fluctuations and restrictions on currency repatriation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Competition
 with companies that understand the local market better than we do or that have preexisting
 relationships with regulators and customers in those markets;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Adverse
 effects resulting from the U.K.'s exit from the European Union (commonly known as "Brexit")

&nbsp;&nbsp;&nbsp;&nbsp;▪ Reduced
 or varied protection for intellectual property rights in some countries;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Disruption
 of operations from labor and political disturbances;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Withdrawal
 from or renegotiation of international trade agreements and other restrictions on the trade
 between the United States and other countries;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Changes
 in tariff and trade barriers; and

&nbsp;&nbsp;&nbsp;&nbsp;▪ geopolitical
 events, including natural disasters, climate change, public health issues, political instability
 (such as war between Ukraine and Russia), terrorism, insurrection, or war.

Entry into certain transactions with foreign entities now or in the future may be subject to government regulations, including review related to foreign direct investment by U.S. or foreign government entities. If a transaction with a foreign entity is subject to regulatory review, such regulatory review might limit our ability to enter into the desired strategic alliance and thus our ability to carry out our long-term business strategy.

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Operating in international markets also requires significant management attention and financial resources. The investment and additional resources required to establish operations and manage growth in other countries may not produce desired levels of revenue or profitability and could instead result in increased costs without a corresponding benefit. We cannot guarantee that our international operations or expansion efforts will be successful.

Any of these events as well as related events not aforementioned, could have a materially adverse impact on the Company and its operations.

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***Uncertainty Related to Environmental Regulation and Industry Standards, as well as Physical Risks of Climate Change, Could Impact the Company's Results of Operations and Financial Position.***

Increased public awareness and concern regarding environmental risks, including global climate change, may result in more international, regional and/or federal requirements or industry standards to reduce or mitigate global warming and other environmental risks. New climate change laws and regulations could require the Company to change its manufacturing processes or obtain substitute materials that may cost more or be less available for its manufacturing operations. Various jurisdictions in which the Company does business have implemented, or in the future could implement or amend, restrictions on emissions of carbon dioxide or other greenhouse gases, limitations or restrictions on water use, the production of single use plastics, regulations on energy management and waste management and other climate change-based rules and regulations, which may increase the Company's expenses and adversely affect its operating results. In addition, the physical risks of climate change may impact the availability and cost of materials, sources and supply of energy, product demand and manufacturing and could increase insurance and other operating costs. The expected future increased worldwide regulatory activity relating to climate change could expand the nature, scope, and complexity of matters that the Company is required to control, assess, and report. If environmental laws or regulations or industry standards are either changed or adopted and impose significant operational restrictions and compliance requirements upon the Company, its suppliers, its customers or its products, or the Company's operations are disrupted due to physical impacts of climate change on the Company, its customers or its suppliers, the Company's business, results of operations and financial condition could be adversely impacted.

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***Significant Movements in Foreign Currency Exchange Rates May Harm the Company's Financial Results.***

The Company is exposed to fluctuations in foreign currency exchange rates, particularly with respect to the Euro, British Pound, Indian Rupee, UAE Dirham and Serbian Dinar. Any significant change in the value of the currencies of the countries in which the Company does business against the U.S. Dollar could affect the Company's ability to sell products competitively and control its cost structure, which could have a material adverse effect on results of operations.

***A Significant or Sustained Decline in Commodity Prices Could Negatively Impact the Levels of Expenditures by Certain of the Company's Customers.***

Demand for the Company's products depends, in part, on the level of new and planned expenditures by certain of its customers. The level of expenditures by the Company's customers is dependent on, among other factors, general economic conditions, availability of credit, economic conditions within their respective industries and expectations of future market behavior. The Company's profitability may be adversely affected during any periods of unexpected or rapid increases in interest rates and volatility in commodity prices, can negatively affect the level of these activities and can result in postponement of capital spending decisions or the delay or cancellation of existing orders. The ability of the Company's customers to finance capital investment and maintenance may also be affected by the conditions in their industries. Reduced demand for the Company's products could result in the delay or cancellation of existing orders or lead to excess manufacturing capacity, which unfavorably impacts the absorption of fixed manufacturing costs. This reduced demand could have a material adverse effect on the Company and its financial condition and results of operations.

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***We are dependent on financing for the continuation of our operations.***

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It can at times be difficult to predict our capital needs on a monthly, quarterly, or annual basis. Our future is dependent upon our ability to obtain profitable operations or financing. We reserve the right to seek additional funds through private placements of our common stock and/or through debt financing. We do not have financing in place at this time for all future planned acquisitions. We may not have access to financing or on terms that are acceptable to us. Any lack of funds from operations or fundraisings for any shortage could be detrimental to our ability to continue operations and negatively impact us and our financial condition, results of operations and cash flow.

**Risks Related to Legal, Accounting and Regulatory Matters**

***An Unfavorable Outcome of Any Pending Contingencies or Litigation Could Adversely Affect the Company.***

We have been named as a defendant in a lawsuit, and we may be named in additional litigation, all of which will require significant management time and attention and result in significant legal expenses and may result in an unfavorable outcome, which could have a material adverse effect on our business, financial condition, results of operations and cash flows.

We have been named as a defendant in an action commenced by our former CEO, Larson Elmore. A case also has been filed in the Eight Judicial District Court of the State of Nevada (Case No. A-22-858343-C). Plaintiff alleges that we breached a stock purchase agreement dated May 10, 2020, and promissory notes and is therefore entitled to damages. We have potential counterclaims against the former CEO which are being prepared due to improper action and lack of disclosures. We are in the process of a settlement discussion and have obtained an extension of time to respond while this process occurs.

We cannot predict whether the action against involving our former CEO is likely to result in any material recovery by or expense to our company. Where it is reasonably possible to do so, the Company accrues estimates of the probable costs for the resolution of these matters. These estimates based upon an analysis of potential results and settlement strategies. It is possible, however, that future operating results for any particular quarter or annual period could be affected by changes in assumption.

We may continue to incur legal fees in responding to this and other lawsuits. The expense of defending such litigation may be significant and any sizeable verdict may adversely affect the company. The amount of time to resolve this and any additional lawsuits is unpredictable, and these actions may divert management's attention from the day-to-day operations of our business, all of which could adversely affect our business, results of operations and cash flows. For additional detail related to this risk, see Item 8, "Legal Proceedings".

***<br> The Sale of our Products Involves Potential Product Liability and Related Risks that Could Expose us to Significant Insurance and Loss Expenses.***

We face an inherent risk of exposure to product liability claims if the use of our products results in, or is believed to have resulted in, illness or injury. Any product liability claim may increase our costs and adversely affect our revenue and operating income. Moreover, liability claims arising from a serious adverse event may increase our costs through higher insurance premiums and deductibles for our insurances we have with Firebug Group, Georgia Fire and Bull Head Products and may make it more difficult to secure adequate insurance coverage in the future. In addition, our product liability insurance may fail to cover future product liability claims, which, if adversely determined, could subject us to substantial monetary damages. Georgia Fire, Bull Head Products and Firebug all have General Liability Cover.

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***Failure by us to Maintain the Proprietary Nature of our Technology, Intellectual Property and Manufacturing Processes Could Have a Material Adverse Effect on our Business, Operating Results, Financial Condition, Stock Price, and on our Ability to Compete Effectively.***

We principally rely upon patent, trademark, copyright, trade secret and contract law to establish and protect our proprietary rights. There is a risk that claims allowed on any patent licenses or trademarks we hold may not be broad enough to protect our technology. In addition, our patent licenses or trademarks may be challenged, invalidated or circumvented and we cannot be certain that the rights granted thereunder will provide competitive advantages to us. Moreover, any current or future issued or licensed patents, or trademarks, or currently existing or future developed trade secrets or know-how may not afford sufficient protection against competitors with similar technologies or processes, and the possibility exists that certain of our already issued patents or trademarks may infringe upon third party patents or trademarks or be designed around by others. In addition, there is a risk that others may independently develop proprietary technologies and processes, which are the same as, substantially equivalent, or superior to ours, or become available in the market at a lower price.

In addition, foreign laws treat the protection of proprietary rights differently from laws in the United States and may not protect our proprietary rights to the same extent as U.S. laws. The failure of foreign laws or judicial systems to adequately protect our proprietary rights or intellectual property, including intellectual property developed on our behalf by foreign contractors or subcontractors may have a material adverse effect on our business, operations, financial results, and stock price.

There is a risk that we have infringed or in the future will infringe patents or trademarks owned by others, that we will need to acquire licenses under patents or trademarks belonging to others for technology potentially useful or necessary to us, and that licenses will not be available to us on acceptable terms, if at all.

We may have to litigate to enforce our patents or trademarks or to determine the scope and validity of other parties' proprietary rights. Litigation could be very costly and divert management's attention. An adverse outcome in any litigation may have a severe negative effect on our financial results and stock price. To determine the priority of inventions, we may have to participate in interference proceedings declared by the United States Patent and Trademark Office or oppositions in foreign patent and trademark offices, which could result in substantial cost and limitations on the scope or validity of our patents or trademarks.

We also rely on trade secrets and proprietary know-how, which we seek to protect by confidentiality agreements with our employees, consultants, service providers and third parties. There is a risk that these agreements may be breached, and that the remedies available to us may not be adequate. In addition, our trade secrets and proprietary know-how may otherwise become known to or be independently discovered by others.

***Compliance with Changing Regulation of Corporate Governance and Public Disclosure May Result in Additional Expenses.***

Changing laws, regulations and standards relating to corporate governance and public disclosure, including the Sarbanes-Oxley Act of 2002 and new SEC regulations, are creating uncertainty for companies such as ours. These new or changed laws, regulations and standards are subject to varying interpretations in many cases due to their lack of specificity, and as a result, their application in practice may evolve over time as new guidance is provided by regulatory and governing bodies, which could result in continuing uncertainty regarding compliance matters and higher costs necessitated by ongoing revisions to disclosure and governance practices. We are committed to maintaining high standards of corporate governance and public disclosure. As a result, we intend to invest resources to comply with evolving laws, regulations and standards, and this investment may result in increased general and administrative expenses and a diversion of management time and attention from revenue-generating activities to compliance activities. If our efforts to comply with new or changed laws, regulations and standards differ from the activities intended by regulatory or governing bodies due to ambiguities related to practice, our reputation may be harmed.

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***If we Fail to Comply with the Rules under the Sarbanes-Oxley Act Related to Accounting Controls and Procedures, or if Material Weaknesses or Other Deficiencies are Discovered in our Internal Accounting Procedures, our Stock Price Could Decline Significantly.***

Section 404 of the Sarbanes-Oxley Act requires annual management assessments of the effectiveness of our internal controls over financial reporting and a report by our independent auditors addressing these assessments. We are in the process of documenting and testing our internal control procedures, and we may identify material weaknesses in our internal control over financial reporting and other deficiencies. If material weaknesses and deficiencies are detected, it could cause investors to lose confidence in our Company and result in a decline in our stock price and consequently affect our financial condition. In addition, if we fail to achieve and maintain the adequacy of our internal controls, we may not be able to ensure that we can conclude on an ongoing basis that we have effective internal controls over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act. Moreover, effective internal controls, particularly those related to revenue recognition, are necessary for us to produce reliable financial reports and are important to helping prevent financial fraud. If we cannot provide reliable financial reports or prevent fraud, our business and operating results could be harmed, investors could lose confidence in our reported financial information, and the trading price of our Common Stock could drop significantly. In addition, we cannot be certain that additional material weaknesses or significant deficiencies in our internal controls will not be discovered in the future.

***Failure To Comply with the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act or Other Applicable Anti-bribery Laws Could Have an Adverse Effect on the Company.***

The U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments for the purpose of obtaining or retaining business. Recent years have seen a substantial increase in anti-bribery law enforcement activity with more frequent and aggressive investigations and enforcement proceedings by both the Department of Justice and the SEC, increased enforcement activity by non-U.S. regulators and increases in criminal and civil proceedings brought against companies and individuals. The Company's policies mandate compliance with all anti-bribery laws. However, the Company operates in certain countries that are recognized as having governmental and commercial corruption. The Company's internal control policies and procedures may not always protect it from reckless or criminal acts committed by employees or third-party intermediaries. Violations of these anti-bribery laws may result in criminal or civil sanctions, which could have a material adverse effect on the Company and its financial condition and results of operations.

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***Changes in Tax laws or Exposure to Additional Income Tax Liabilities Could have a Material Impact on our Company, the Results of Operations, Financial Conditions and Cash Flows.***

We are subject to income taxes, as well as non-income-based taxes in the jurisdictions in which we operate, as well as jurisdictions such as the United States, in which we intend to have operations. The tax laws in these could change on a prospective or retroactive basis, and any such changes could adversely affect us and our effective tax rate.

Taxation regulation in territories around the world can also change very quickly, which may mean that all the implications for businesses may not have been fully thought through by the regulating authorities before final guidelines and laws are issued. Furthermore, any changes made by tax authorities, together with other legislative changes, to the mandatory sharing of company information (financial and operational) with tax authorities on both a local and global basis, could lead to disagreements between jurisdictions with respect to the proper allocation of profits between such jurisdictions. We therefore continuously monitor changes to tax regulation and double tax treaties between the territories in which we operate. We also maintain a comprehensive transfer pricing policy to govern the flow of funds between various tax territories.

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We are further subject to ongoing tax audits in the various jurisdictions in which we operate. We regularly assess the likely outcomes of these audits in order to determine the appropriateness of our tax provisions. However, there can be no assurance that we will accurately predict the outcomes of these audits, which could have a material impact on the business, financial condition, results of operations, and cash flows.

While we have recorded reserves for potential payments to various tax authorities related to uncertain tax positions, the calculation of such tax liabilities involves the application of complex tax regulations in many jurisdictions. Therefore, any dispute with a tax authority may result in payment that is significantly different from our estimates. If the payment proves to be less than the recorded reserves, the reversal of the liabilities would generally result in tax benefits being recognized in the period when we determine the liabilities to be no longer necessary. Conversely, if the payment proves to be more than the reserves, we could incur additional charges, and these could have a materially adverse effect on the business, financial condition, results of operations, and cash flows.

***Laws and Regulations Governing International Business Operations Could Adversely Impact Our Company.***

The US Department of the Treasury's Office of Foreign Assets Control ("OFAC"), and the Bureau of Industry and Security at the US Department of Commerce ("BIS") administer certain laws and regulations that restrict US persons and, in some instances, non-US persons, in conducting activities, transacting business with, or making investments in certain countries, governments, entities and individuals subject to US economic sanctions.

Our international operations subject us to these laws and regulations, which are complex, restrict business dealings with certain countries, governments, entities, and individuals, and are constantly changing. Further restrictions may be enacted, amended, enforced, or interpreted in a manner that materially impacts our operations. From time to time, certain subsidiaries have limited business dealings in countries subject to comprehensive sanctions.

Certain of our subsidiaries sell products, and may provide related services, to distributors and other purchasing bodies in such countries. These business dealings represent an insignificant amount of our consolidated revenues and income but expose us to a heightened risk of violating applicable sanctions regulations. Violations of these regulations are punishable by civil penalties, including fines, denial of export privileges, injunctions, asset seizures, debarment from government contracts and revocations or restrictions of licenses, as well as criminal fines and imprisonment.

We have established policies and procedures designed to assist with compliance with such laws and regulations. However, there can be no assurance that these will prevent us from violating these regulations in every transaction in which we may engage. As such a violation could adversely affect our reputation, business, financial condition, results of operations and cash flows.<br>

**<u>General Risk Factors</u>**

***<br> The Company's Success Depends on Its Executive Management and Other Key Personnel.***

The Company's future success depends to a significant degree on the skills, experience and efforts of its executive management and other key personnel and their ability to provide the Company with uninterrupted leadership and direction. The loss of the services of any of the executive officers or a failure to provide adequate succession plans for key personnel could have an adverse impact on the Company. The availability of highly qualified talent is limited and the competition for talent is robust. However, the Company provides long-term equity awards and certain other benefits for its executive officers which provides incentives for them to make a commitment to the Company. The Company's future success will depend on its ability to have adequate succession plans in place and to attract, retain and develop qualified personnel. A failure to efficiently replace executive management members and other key personnel and to attract, retain and develop new qualified personnel could have an adverse effect on the Company's operations and implementation of its strategic plan.

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***Challenges with Respect to Labor Availability Could Negatively Impact the Company's Ability to Operate or Grow the Business.***

The Company's success depends in part on the ability of its businesses to proactively attract, motivate, and retain a qualified and highly skilled workforce in an intensely competitive labor market. A failure to attract, motivate and retain highly skilled personnel could adversely affect the Company's operating results or its ability to operate or grow the business. Additionally, any labor stoppages or labor disruptions, including due to geopolitical unrest, unfavorable economic or industry conditions, catastrophic weather events, natural disasters or the occurrence of a contagious disease or illness could adversely affect the Company's operating results or its ability to operate or grow the business.

**<u>Risks Related to our Management and Control Persons</u>**

 ***Our largest shareholder, officer, director, Nicolas Link holds substantial control over the company and is able to influence all corporate matters, which could be deemed by shareholders as not always being in their best interests.***

Nicolas Link, our Chief Executive Officer (Principal Executive Officer & Chairman of the Board of Directors) with his company, FB Technologies Global, Inc. Dubai, U.A.E , owns approximately 1.5% of the outstanding shares of common stock, owns all of the outstanding shares of Class A Preferred Stock, Class B Preferred Stock and Class D Preferred Stock and owns 15% of the outstanding shares of Class F Preferred Stock.

Our common stock is entitled to one vote per share on all matters submitted to a vote of the stockholders, including the election of directors. Each share of Class A Preferred Stock is entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of 500 votes, including the election of directors. Each share of Class C Preferred Stock is entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of 100 votes, including the election of directors.

By virtue of his ownership of common stock and preferred stock, Mr. Link is able to exercise significant influence over all matters requiring approval by our stockholders, including the election of directors, the approval of significant corporate transactions, and any change of control of our company.**<u> </u>**

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***We are dependent on the continued services of our Director and Chairman and if we fail to keep them or fail to attract and retain qualified senior executives and key technical personnel, our business may not be able to expand.***

We are dependent on the continued availability of Chairman, Nicolas Link and Director, John-Paul Backwell, and the availability of new executives to implement our business plans. The market for skilled employees is highly competitive, especially for employees in our industry. Although we expect that our planned compensation programs will be intended to attract and retain the employees required for us to be successful, there can be no assurance that we will be able to retain all our key employees or a sufficient number to execute our plans, nor can there be any assurance we will be able to continue to attract new employees as required.

***Our lack of adequate D&O insurance may also make it difficult for us to retain and attract talented and skilled directors and officers.***

In the future we may be subject to litigation, including potential class action and stockholder derivative actions. Risks associated with legal liability are difficult to assess and quantify, and their existence and magnitude can remain unknown for significant periods of time. To date, we have not obtained directors and officers liability ("D&O") insurance, but the company is currently investigating and plans to obtain one. Without adequate D&O insurance, the amounts we would pay to indemnify our officers and directors should they be subject to legal action based on their service to the Company could have a material adverse effect on our financial condition, results of operations and liquidity. Furthermore, our lack of adequate D&O insurance may make it difficult for us to retain and attract talented and skilled directors and officers, which could adversely affect our business.

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***Our Officers and Key Personnel may voluntarily terminate their relationship with us at any time, and competition for qualified personnel is lengthy, costly, and disruptive.***

If we lose the services of our officers and key personnel and fail to replace them if they depart, we could experience a negative effect on our financial results and stock price. The loss and our failure to attract, integrate, motivate, and retain additional key employees could have a material adverse effect on our business, operating and financial results and stock price.

**<u>Risks Relating to our Common Stock</u>**

***We may conduct offerings of our equity securities in the future, in which case your proportionate interest may become diluted.***

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We may be required to conduct equity offerings in the future to finance our current projects or to finance subsequent projects that we decide to undertake. If our common stock shares are issued in return for additional funds, the price per share could be lower than that paid by our current shareholders but with the aim to increase overall value for all shareholders. We anticipate continuing to rely on equity sales of our common stock shares in order to fund our business operations. If we issue additional common stock shares or securities convertible into shares of our common stock, your percentage interest in us could become diluted.

***Our common stock price may be volatile and could fluctuate, which could result in substantial losses for investors.***

Our common stock is quoted on the OTC Pink Market under the symbol, "ILUS." The market price of our common stock is likely to be volatile and could fluctuate in price in response to various factors, many of which are beyond our control, including:

&nbsp;&nbsp;&nbsp;&nbsp;▪ government regulation of our Company and operations.

&nbsp;&nbsp;&nbsp;&nbsp;▪ the establishment of partnerships.

&nbsp;&nbsp;&nbsp;&nbsp;▪ intellectual property disputes.

&nbsp;&nbsp;&nbsp;&nbsp;▪ additions or departures of key personnel.

&nbsp;&nbsp;&nbsp;&nbsp;▪ sales of our common stock.

&nbsp;&nbsp;&nbsp;&nbsp;▪ our ability to integrate operations, technology, products and services.

&nbsp;&nbsp;&nbsp;&nbsp;▪ our ability to execute our business plan.

&nbsp;&nbsp;&nbsp;&nbsp;▪ operating results below expectations.

&nbsp;&nbsp;&nbsp;&nbsp;▪ loss of any strategic relationship.

&nbsp;&nbsp;&nbsp;&nbsp;▪ industry developments.

&nbsp;&nbsp;&nbsp;&nbsp;▪ economic and other external factors; and

&nbsp;&nbsp;&nbsp;&nbsp;▪ period-to-period fluctuations in our financial results.

In addition, the securities markets have from time-to-time experienced significant price and volume fluctuations that are unrelated to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market price of our common stock.

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***Sales of a substantial number of shares of our common stock in the public market, or the perception that such sales could occur, could cause our stock price to fall.***

The market price of our common stock could decline significantly as a result of sales of a large number of shares of our common stock. If our existing stockholders sell, or indicate an intention to sell, substantial amounts of our common stock in the public market after the contractual and securities law restrictions on resale of such common stock lapse, or after those shares become registered for resale pursuant to an effective registration statement, the trading price of our common stock could decline. As of January 31, 2023, a total of 1,355,230,699 shares of our common stock were outstanding. Of those shares, 1,230,797,366 are currently without restriction, in the public market. Upon the effectiveness of any registration statement, we could elect to file with respect to any outstanding shares of common stock, any sales of those shares or any perception in the market that such sales may occur could cause the trading price of our common stock to decline.

 ***The issuance of shares of our common stock upon conversion or exercise of preferred stock, warrants and convertible notes, will dilute ownership to existing shareholders and may cause our stock price to fall.***

Any issuance of additional common stock by us in the future as a result of the conversion or exercise of warrants, convertible notes, preferred stock or debt settlements would result in dilution to our existing shareholders. Such issuances could be made at a price that reflects a discount or a premium to the then-current trading price of our common stock. Moreover, the perception in the public market that shareholders might sell shares of our stock or that we could make a significant issuance of additional common stock in the future could depress the market for our shares. These sales, or the perception that these sales might occur, could depress the market price of our common stock or make it more difficult for us to sell equity securities in the future at a time and at a price that we deem appropriate.

We have issued shares of our common stock, as well as other securities such as warrants, convertible notes, preferred stock or debt settlements, which are convertible into shares of our common stock, in financing transactions that are deemed to be "restricted securities," as that term is defined in Rule 144 promulgated under the Securities Act. From time to time, certain of our shareholders or derivative security holders may be eligible to sell all or some of their restricted shares of common stock by means of ordinary brokerage transactions in the open market pursuant to Rule 144, subject to certain limitations. The resale pursuant to Rule 144 of shares acquired from us in private transactions could cause our stock price to decline significantly.

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***We have never declared or paid any cash dividends or distributions on our capital stock.***

We have never declared or paid any cash dividends or distributions on our capital stock. While we may not anticipate paying a dividend in the short-term and we currently intend to retain short-term earnings for growth, we may do so in the medium to long-term future.

The declaration, payment and amount of any future dividends will be made at the discretion of the board of directors, and will depend upon, among other things, the results of our operations, cash flows and financial condition, operating and capital requirements, and other factors as the board of directors considers relevant. There is no assurance that future dividends will be paid, and, if dividends are paid, there is no assurance with respect to the amount of any such dividend.

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***We may become involved in securities class action litigation that could divert management's attention and harm our business.***

The stock market in general, have experienced extreme price and volume fluctuations. These fluctuations have often been unrelated or disproportionate to the operating performance of the companies involved. If these fluctuations occur in the future, the market price of our shares could fall regardless of our operating performance. In the past, following periods of volatility in the market price of a particular company's securities, securities class action litigation has often been brought against that company. If the market price or volume of our shares suffers extreme fluctuations, then we may become involved in this type of litigation, which would be expensive and divert management's attention and resources from managing our business.

As a public company, we may also from time to time make forward-looking statements about future operating results and provide some financial guidance to the public markets. Projections may not be timely made and set at expected performance levels and could affect the price of our shares.

***Our common stock is currently deemed a "penny stock," which makes it more difficult for our investors to sell their shares.***

Our common stock is currently deemed a "penny stock," which makes it more difficult for our investors to sell their shares. The SEC has adopted rule 3a51-1 which establishes the definition of a "penny stock," for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, Rule 15g-9 requires:

• that a broker or dealer approve a person's account for transactions in penny stocks, and

• the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.

In order to approve a person's account for transactions in penny stocks, the broker or dealer must:

• obtain financial information and investment experience objectives of the person, and

• make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.

The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form:

• sets forth the basis on which the broker or dealer made the suitability determination and

• that the broker or dealer received a signed, written agreement from the investor prior to the transaction.

Generally, brokers may be less willing to execute transactions in securities subject to the "penny stock" rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.

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**<u>Risks Relating to Our Company and Industry</u>**

***The success of our business depends on our ability to maintain and enhance our reputation and brand.***

We believe that our reputation in our industry is of significant importance to the success of our business. A well-recognized brand is critical to increasing our customer base and, in turn, increasing our revenue. Since the industry is highly competitive, our ability to remain competitive depends to a large extent on our ability to maintain and enhance our reputation and brand, which could be difficult and expensive. To maintain and enhance our reputation and brand, we need to successfully manage many aspects of our business, such as cost-effective marketing campaigns to increase brand recognition and awareness in a highly competitive market. We cannot assure you, however, that these activities will be successful and achieve the brand promotion goals we expect. If we fail to maintain and enhance our reputation and brand, or if we incur excessive expenses in our efforts to do so, our business, financial conditions and results of operations could be adversely affected.

 ****

***In the event that we are unable to successfully compete in our industry, we may not see lower profit margins***

We face substantial competition in our industry. Due to our smaller size, it can be assumed that some of our competitors have greater financial, technical, and other competitive resources. Accordingly, these competitors may have already begun to establish superior technologies in our industry. We will attempt to compete against these competitors by developing technology that exceed what is offered by our competitors. However, we cannot assure you that our technology will outperform competing technology, or that our competitors will not develop new products or services that exceed what we provide. In addition, we may face competition based on price. If our competitors lower the prices on their products, then it may not be possible for us to market our products at prices that are economically viable. Increased competition could result in:

• Lower than projected revenues;

• Price reductions and lower profit margins.

Any one of these results could adversely affect our business, financial condition, and results of operations.

In addition, our competitors may develop competing products that achieve greater market acceptance. It is also possible that new competitors may emerge and acquire significant market share. Our inability to achieve sales and revenue due to competition will have an adverse effect on our business, financial condition, and results of operations.

 ****

***If we are unable to successfully manage growth, our operations could be adversely affected.***

Our progress is expected to require the full utilization of our management, financial and other resources. Our ability to manage growth effectively will depend on our ability to improve and expand operations, including our financial and management information systems, and to recruit, train and manage personnel. There can be no absolute assurance that management will be able to manage growth effectively.

If we do not properly manage the growth of our business, we may experience significant strains on our management and operations and disruptions in our business. Various risks arise when companies and industries grow quickly. If our business or industry grows too quickly, our ability to meet customer demand in a timely and efficient manner could be challenged. We may also experience development delays as we seek to meet increased demand for our services and platform. Our failure to properly manage the growth that we or our industry might experience could negatively impact our ability to execute on our operating plan and, accordingly, could have an adverse impact on our business, our cash flow and results of operations, and our reputation with our current or potential customers.

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***We may fail to successfully integrate acquisitions or otherwise be unable to benefit from pursuing acquisitions***.

We believe there are meaningful opportunities to grow through acquisitions and joint ventures across all service categories and we expect to continue a strategy of selectively identifying and acquiring businesses with complementary services. We may be unable to identify, negotiate, and complete suitable acquisition opportunities on reasonable terms. There can be no assurance that any business acquired by us will be successfully integrated with our operations or prove to be profitable to us. We may incur future liabilities related to acquisitions. Should any of the following problems, or others, occur as a result of our acquisition strategy, the impact could be material:

• difficulties integrating personnel from acquired entities and other corporate cultures into our business; difficulties integrating information systems;

• the potential loss of key employees of acquired companies;

• the assumption of liabilities and exposure to undisclosed or unknown liabilities of acquired companies; or the diversion of management attention from existing operations.

 ****

***The elimination of monetary liability against our directors, officers and employees under our Articles of Incorporation and the existence of indemnification rights to our directors, officers and employees may result in substantial expenditures by our Company and may discourage lawsuits against our directors, officers, and employees.***

Our Articles of Incorporation contain provisions that eliminate the liability of our directors for monetary damages to our Company and shareholders. Our bylaws also require us to indemnify our officers and directors. We may also have contractual indemnification obligations under our agreements with our directors, officers, and employees. The foregoing indemnification obligations could result in our company incurring substantial expenditures to cover the cost of settlement or damage awards against directors, officers, and employees that we may be unable to recoup. These provisions and resulting costs may also discourage our company from bringing a lawsuit against directors, officers, and employees for breaches of their fiduciary duties, and may similarly discourage the filing of derivative litigation by our shareholders against our directors, officers, and employees even though such actions, if successful, might otherwise benefit our Company and shareholders.

**Item 2. Financial Information**

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*The following discussion and analysis of our results of operations and financial condition should be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this Form 10. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations, and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. See "Cautionary Note Regarding Forward-Looking Statements" at the beginning of this Form 10.*

 

**Overview**

ILUS is a Nevada Corporation primarily focused on the public safety, industrial and renewable energy sectors. Through its wholly owned subsidiary, Emergency Response Technologies Inc. ("ERT"), ILUS aims to provide technology that protects communities, front line personnel and assets by acquiring technology and solutions for the emergency response sector. This sector includes Fire and Rescue Services, Law Enforcement, Emergency Medical Services and Emergency Management. The company also has an Industrial and Manufacturing subsidiary, Quality Industrial Corp., which is focused on the acquisition and growth of process manufacturing and industrial companies. Furthermore the company has a Mining and Renewable Energy subsidiary which is focused on the incorporation, acquisition and growth of companies in the sustainable mining and renewable energy sectors.

ILUS has three existing distinct divisions which serve a diverse global customer base, and the company also has plans to launch a Defense division. An overview of the current divisions is found below:

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**Emergency & Response division:**

Emergency Response Technologies is a subsidiary of ILUS, whose operating companies design, manufacture and distribute specialty equipment, vehicles and related parts and services. We provide firefighting equipment, firefighting vehicles, firefighting vehicle superstructures, distribution of equipment for emergency services, fire protection equipment sales, installation, and maintenance as well as servicing/maintenance of Firefighting, Rescue and Emergency Medical Services equipment.

**Industrial & Manufacturing division:**

This division is specialized in the manufacturing and assembling of process equipment, piping, and modules for the oil, gas, and energy sectors with over two decades of experience and key end-users in the Oil & Gas, Off-shore, Refineries & Petrochemical, Waste-water treatment plants and Chemical, Fertilizer, Metals & Mineral Processing industries. The international end-users include such as, but not limited to Chevron, BP, Shell, Total, Sasol, Gasco. The sub-division has capabilities of undertaking design, detailed engineering, procurement, fabrication, site erection, commissioning, testing & handing over of process equipment.

**Mining & Renewable Energy division:**

This division is engaged in the Mining & Renewable Energy industry currently through its subsidiary Replay Solutions with recycling and recovery of precious metals from electronic waste. We incorporate a 'Closed loop' concept where we use E – Waste and data destruction as a resource not only to extract precious metals but to reuse all materials found in E-Waste such as plastics. We recycle cleanly, safely, and sustainably on items such as, but not limited to Print Circuit Boards (PCB) and precious metals, Cable wire, car radiator shredding and separation. We shred, crush, and grind the board to powder form and then use an airflow and an electrostatic separator to separate the materials into metal and fibers.

 ****

**Factors Affecting Our Performance**

The primary factors affecting our results of operations include:

 

*General Macro Economic Conditions*

 

Our business is impacted by the global economic environment, employment levels, consumer confidence, government, and municipal spending. Global instability in securities markets and the war in Ukraine are among other factors that can impact our financial performance. In particular, changes in the U.S. economic climate can impact the demand of our products range. In addition, the impact of taxes and fees can have a dramatic effect on the availability, lead-times and costs associated with raw materials and parts for our product range.

Our purchases are discretionary by nature and therefore sensitive to the availability of financing, consumer confidence, and unemployment levels among other factors and are affected by general U.S. and global economic conditions, which create risks that future economic downturns will further reduce consumer demand and negatively impact our sales.

While less economically sensitive than the Emergency Response sector, the Industrial and Manufacturing sectors are also impacted by the overall economic environment. Tenders can be withdrawn and lead times for the manufacturing can be affected which can result in cancellation of orders if not delivered on time.

 

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*Impact of Acquisitions*

 

Historically a significant component of our growth has been through the acquisition of businesses in our targeted sectors. We typically incur upfront costs as we incorporate and integrate acquired businesses into our operating philosophy and operational excellence. This includes consolidation of supplies and raw materials, optimized logistics and production processes, and other restructuring and improvements initiatives. The benefits of these integration efforts may not positively impact our financial results instantly but has historically been the case in future periods.

We recognize acquired assets and liabilities at fair value. This includes the recognition of identified intangible assets and goodwill. In addition, assets acquired, and liabilities assumed generally include tangible assets, as well as contingent assets and liabilities.

**Recent Developments and Plan of Operations**

**First Half of 2022**

In the first half of 2022, ILUS planned to acquire specific manufacturing and distribution capability in the United States as well as additional technological and strategic advancement. ILUS therefore acquired Bull-Head Products, a Tennessee based manufacturer specialist vehicle truck beds and vehicle conversions, Georgia Fire & Rescue, Georgian based distributor of firefighting equipment, and Quality Industrial Corp. a Special Purpose Vehicle listed on the OTCQB intended for the acquisition Quality International Co Ltd FCZ which the company signed a binding letter of intent to acquire on June 30, 2022, and for further strategically aligned acquisitions. In February 2022, ILUS hired a Chief Financial Officer (CFO) for the Company and in June 2022 ILUS hired a Chief Commercial Officer.

**Second Half of 2022**

In the second half of 2022, ILUS completed its audit process for 2020 and 2021 therefore it filed this Form 10-12G Registration Statement with the U.S. Securities and Exchange Commission (the "SEC") to become a fully reporting company. In the second half of 2022 the company expected to acquire other companies in the Emergency Response technology and manufacturing sectors. We have 7 acquisitions completed for the financial year of 2022 with AL Shola Al Modea Safety and Security LLC being the last on December 13, 2022. ILUS is in the process of launching an approved investment project in Serbia, whereby it has been approved to obtain subsidies from the Serbian government for the employment of Serbian nationals, for the property and for the required machinery and equipment to manufacture commercial Electric Utility Vehicles currently used for emergency response purposes as sold by our Emergency Response division, as well as for industrial, hospitality and agricultural purposes. The project has been approved by the Republic of Serbia and ILUS will with the investment receive incentive funds from the Republic of Serbia equivalent to 35% of the gross salaries of all hires and 25% of all capital expenditure (CAPEX). The total amount of government subsidies for ILUS EV Technologies is expected to be upwards of $8 million for its first investment project in Serbia and Serbia is planned to be ILUS' main production hub for vehicles and equipment outside of the United States. ILUS has secured a large site on the outskirts of Cacak and also has the option to secure manufacturing facilities in Rekovac, Kragujevac and Jagodina. The company is engaged with an Investment Bank to complete a planned subsidiary IPO. ILUS plans to appoint Strategic Advisors to strengthen the organization and its corporate governance for its first planned subsidiary up list to a major stock exchange. In our July 13, 2022, press release, we updated our revenue forecast to a run rate revenue of $140 million for 2022 due to current progress and the agreed acquisitions at the time expected to close in the 3rd quarter. The company believes it is reasonable to expect run rate revenue of $140 million following annualized results of the month ended December 31, 2022.

**First Half of 2023**

ILUS acquired 52% of Quality International Co Ltd FCZ on January 18, 2023. Quality International Co Ltd FCZ currently has signed purchase orders of $150M in various stages of the manufacturing process and an additional $220M in expected orders. The company will, following the acquisition, disclose any known trends or uncertainties that have had or that the company reasonably expects will have a material impact on net sales or revenues or income from continuing operations in its first Form 10-K due March 31, 2023. In the first half of 2023, ILUS plans to complete additional Quality Industrial Corp., Emergency Response Technologies, Replay Solutions and Defense acquisitions, as well as consolidate continued Emergency Response technology and manufacturing acquisitions into the group. We are presently manufacturing in the United States, United Arab Emirates, United Kingdom and Republic of Serbia. The company expects to further expand its manufacturing to Spain, Uruguay and South Africa during the first half of 2023. The company also plans to further expand operations through a newly formed Defense subsidiary. The focus will be on the international expansion of its subsidiaries through strategically aligned acquisitions and the growth of the operating companies. ILUS anticipates hiring additional finance, legal and acquisition personnel to facilitate and manage the growth as well as additional Strategic Advisors, consisting of experienced individuals from the Emergency Response, Industrial, Manufacturing, Mining, Renewable Energy and UAV sectors.

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**Results of Operations for the Years Ended December 31, 2021, and 2020**

**Revenues**

We earned revenues of $11,263,875 for the year ended December 31, 2021, as compared with $0 for the year ended December 31, 2020. The increase in revenues is a result of our acquired subsidiaries in 2021. We anticipate an increase in revenue for 2022 on account of more acquisitions and growth. Revenues have increased during the first two quarters of 2022, and we anticipate continued growth during the remainder of 2022. We will need further financing to maximize our growth potential.

Our cost of goods sold was $7,489,784 for the year ended December 31, 2021, resulting in gross profit of $3,774,091.07 for the year ended December 31, 2021, compared with $0 for the year ended December 31, 2020.

**Operating Expenses**

We incurred $1,165,229 on account of operating expenses for the year ended December 31, 2021, as compared with $80,185 in expenses for the year ended December 31, 2020. Our operating expenses increased in 2021 because of our acquired subsidiaries and operations.

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| | | |
|:---|:---|:---|
|  | Year ended December 31, 2021 | Year ended December 31, 2020 |
| Marketing & sales | $58695 | 0 |
| General and Administrative | $1106533 | $80185 |
| Total Operating expenses | $1165229 | $80185 |

---

**Other Income & Expenses**

We had non-Operating income of $11,835,500 for the year ended December 31, 2021, as compared with zero non-Operating income for the year ended December 31, 2020.

We had Non-operating Expense of $463,886 for the year ended December 31, 2021, as compared with zero non-Operating expenses for the year ended December 31, 2020.

Our other income for the year 2021 was related to investment. Further, we do not expect such other income in future quarters.

**Net Income/Net Loss**

We recorded net income of $13,980,477 for the year ended December 31, 2021, compared to a net loss of $80,185 for the year ended December 31, 2020.

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**Results of Operations for the Nine Months Ended September 30, 2022**

**Revenues**

We earned revenues of $43,110,165.58 for the nine months ended September 30, 2022, as compared with $6,505,394 for the same period in 2021. The increase in revenues is a result of our acquired subsidiaries as well as progress in operations. Considering more acquisitions, increase in revenue is anticipated for the balance of 2022.

Our cost of goods sold was $28,580,965 for the nine months ended September 30, 2022, resulting in gross profit of $14,529,201 $for nine months ended September 30, 2022, as compared with cost of goods sold of $4,422,831 for the nine months ended Nine 30, 2021, resulting in a gross profit of $2,082,563 for the nine months ended September 30, 2021. The increase in cost of goods is a result of our acquired subsidiaries as well as progress in operations.

**Operating Expenses** 

We incurred $10,851,674 as operating expenses for the nine months ended September 30, 2022, as compared with $1,073,087 for the nine months ended September 30, 2021. The increase in operating expenses is a result of our acquired subsidiaries as well as new hires in operations and other administrative cost due to executing our business plan.

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| | | |
|:---|:---|:---|
|  | **9 months ended September 30, 2022** | **9 months ended September 30, 2021** |
| Marketing & sales | $1582821 | $215950 |
| General and Administrative | $9268853 | $857137 |
| Total Operating expenses | $10851674 | $1073087 |

---

We anticipate our operating expenses will increase as we undertake our plan of operations. The increase will be attributable to administrative and operating costs associated with our business activities and the professional fees associated with our reporting obligations.

**Net Income/Net Loss**

We incurred a net income of $2,956,452.42 for the nine months ended September 30, 2022, compared to a net income of $1,009,475.42 for the nine months ended September 30, 2021. Further, company earned non-operating income of $12,026,143 for the nine months ended September 30, 2021. The increase in net income is a result of our acquired subsidiaries as well as executing on our business plan. We anticipate our net income will increase as we undertake and optimize our plan of operations.

**Liquidity and Capital Resources**

Our financing objective is to maintain financial flexibility to meet the material, equipment and personnel needs to support our project commitments, and pursue our expansion and diversification objectives and Investment.

As of September 30, 2022, we had total current assets of $56,464,666 and total current liabilities of $43,550,595. We had working capital of $12,914,072 as of September 30, 2022.

Net cash provided by operating activities after considering convertible notes was $10,423,828 for the nine months ended September 30, 2022, as compared with $834,331 cash provided for the nine months ended September 30, 2021.

Net cash used in investing activities was $3,186,423 for the nine months ended September 30, 2022, as compared with cash used of $13,093,471 for the nine months ended September 30, 2021.

Financing activities provided $12,721,283 in cash for the nine months ended September 30, 2022, as compared with $12,593,153 for the nine months ended September 30, 2021.

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**Going Concern**

The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

**Off-Balance Sheet Arrangements**

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

**Recently Issued Accounting Pronouncements**

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

**Item 3. Properties**

We lease factories and offices in the US, Dubai, and the UK. The lease agreements are filed as exhibits with this Form 10.

Bull Head Products Inc. has a lease at $3000/month, on a month-to-month basis. The property located at 87 Thorngrove Pike, Kodak Tennessee, 37764, USA. has an 8k sq. ft. building used for the manufacture of aluminum truck beds. Bull Head Products Inc. plans to move to a bigger premises to facilitate growth, but there is currently a shortage of industrial buildings for lease with our required minimum of 15k sq. ft. at a reasonable price per square foot (current average rate $17.50/sq. ft.).

Firebug Group has a factory with 14k sq. ft located at Warehouse G04, 79<sup>th</sup> Street, DIRC Warehouse Complex, DIP 2, Dubai, United Arab Emirates with lease payments of $3630/month with the right but not the obligation to renew annually on March 28 of each year and has an office located at Matrix@Dinnington Business Centre, Nobel Way Dinnington, Sheffield S25 3QB, United Kingdom.

Ilustrato Pictures International Inc. has offices located at Al Marsa Street 66, 11<sup>th</sup> Floor, Office 1105, Dubai Marina P.O. Box 32923, Dubai, UAE, 4k sq. ft., with lease payments of $9870/month renewable annually on February 24 of each year and a virtual office at 26 Broadway, Suite 934, New York NY10004, USA. The cost per month is $99.00 and is renewed every 3 months.

Georgia Fire & Rescue Supply has a lease of $6,375 per month renewable on April 10, 2024. The property is 9,250 sq. ft., and used as a warehouse, offices and a section to service and repair tools used in the fire and rescue range of products. The property is located at 107 P Rickman Industrial Drive, Canton, Georgia, 30115, USA.

Quality industrial Corp. has a virtual office at 315 Montgomery Street, 94104 San Francisco, CA, USA. The cost per month is $109 and is renewed annually.

Quality International Co Ltd FCZ lease facilities on the addresses Hamriyah Free Zone), PO Box: 50622, Sharjah-UAE. set in table below with the square meter sizes and monthly leasing prices as indicated per facility. In total Quality International Co Ltd FCZ lease property exceeding 220,000 square meters.

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| | | |
|:---|:---|:---|
| **Plot No** | **Area<br> SqM** | **Annual Rent in USD (3,67 AED)** |
| **22C/1** | 10.090 | $285.204 |
| **22C/2** | 10.844 |  |
| **6C-01B** | 6.989 | $47.609 |
| **6C-02** | 81.791 | $557.159 |
| **6C-03** | 46.179 | $314.571 |
| **6C-04** | 16.000 | $108.992 |
| **HD-22D** | 30.843 | $588.286 |
| **HD-22E** | 15.000 | $286.104 |
| **HD-22F** | 4.114 | $78.469 |
| **Total** | **221.850** | $**2.266.393** |

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**AL Shola Al Modea Safety and Security LLC**

The company currently leases and operates facilities from the following two locations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Head
 Office, Hamsah Bld - A 112 Zaa'beel St - Al Karama, Dubai,
 United Arab Commercial space of 594 sqm, Price AED 26,112.00, renewed annually on March 1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 112
 Zabeel Road, 1st Floor, Hamsah Building Block A, Dubai, United Arab Office space of
 113 sqm, Price AED 89,700.00, renewed annually on May 10.

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**Item 4. Security Ownership of Certain Beneficial Owners and Management**

The following table sets forth certain information known to us regarding beneficial ownership of our capital stock as of January 31, 2023, for (i) all executive officers and directors as a group and (ii) each person, or group of affiliated persons, known by us to be the beneficial owner of more than five percent (5%) of our capital stock. All addresses are 26 Broadway, Suite 934, New York, NY 10004 unless otherwise indicated.

<u> </u>

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name & Address of Beneficial Owner** | **Common Stock** | **Common Stock** | **Class A Preferred Stock** | **Class A Preferred Stock** | **Class B Preferred Stock** | **Class B Preferred Stock** | **Class D Preferred Stock** | **Class D Preferred Stock** | **Class E Preferred** <br> **Stock** | **Class E Preferred** <br> **Stock** | **Class F Preferred** <br> **Stock** | **Class F Preferred** <br> **Stock** |
|  | No. of shares Owned | Percent of Class | No. of shares Owned | Percent of Class | No. of shares Owned | Percent of Class | No. of shares Owned | Percent of Class | No. of shares Owned | Percent of Class | No. of shares Owned | Percent of Class |
| FB Technologies Global, Inc, - Nicolas Link, Dubai, U.A.E | 20000000(3) | 2% | 10000000 | 100% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3400000 | 100% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60741000 | 100% |  |  | 250000 | 15.3% |
| Krishnan Krishnamoorthy, Dubai, U.A. E |  |  |  |  |  |  |  |  |  |  | 35000 | 2.1% |
| Carstem Kjems Falk, Frederiksberg, Denmark |  |  |  |  |  |  |  |  |  |  | 25000 | 1.5% |
| Louise Bennett, Doncaster,United Kingdom |  |  |  |  |  |  |  |  |  |  | 200000 | 12.2% |
| John-Paul Backwell, Cheshire,United Kingdom |  |  |  |  |  |  |  |  |  |  | 250000 | 15.3% |
| All Directors and Executive Officers as a Group (5 persons) and 5% Holders | 20000000 | 3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | 100% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3400000 | 100% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60741000 | 100% | - | - | 760000 | 46.5% |

---

\*Less than 1%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rules 13d-3 and 13d-5 of the Exchange Act, beneficial ownership
 includes any shares as to which a shareholder has sole or shared voting power or investment power, and any shares which the shareholder
 has the right to acquire within 60 days, including upon exercise of common shares purchase options or warrants.

(2) The percent is based on 1,355,230,699 shares of common stock outstanding,
 10,000,000 shares of Class A Preferred Stock outstanding, 3,400,000 shares of Class B Preferred Stock outstanding, 60,741,000 shares
 of Class D Preferred Stock outstanding, 3,172,175 shares of Class E Preferred Stock outstanding, 1,633,250 shares of Class F Preferred
 stock outstanding, as of January 31, 2023.

(3) Includes 20,000,000 shares held by FB Technologies Global, Inc. in which
 Mr. Link has voting and dispositive control, 10,000,000 shares of Class A Preferred Stock held by FB Technologies Global, Inc. in
 which Mr. Link has voting and dispositive control that convert into 30,000,000 shares of common stock and 60,741,000 shares of Class
 D Preferred Stock held by FB Technologies Global, Inc. in which Mr. Link has voting and dispositive control that convert into 30,370,500,000
 shares of common stock.

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**Item 5. Directors and Executive Officers.**

The following information sets forth the names, ages, and positions of our current directors and executive officers.

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| | | |
|:---|:---|:---|
| Name | Age | Date Appointed and Offices Held |
| Nicolas Link | 42 | Appointed on January 14, 2021<br>Chief Executive Officer (Principal Executive Officer & Chairman of the Board of Directors) and member of the Board of Directors |
| John-Paul Backwell | 42 | Appointed on July 1, 2021<br>Managing Director and member of the Board of Directors |
| Louise Bennett | 52 | Appointed on February 1, 2021<br>Chief Operational Officer |
| Krishnan Krishnamoorthy | 56 | Appointed on February 2, 2022<br>Chief Financial Officer (principal financial/accounting officer) |
| <br>Carsten Kjems Falk | <br>48 | Appointed on June 1, 2022<br>Chief Commercial Officer |

---

Set forth below is a brief description of the background and business experience of each of our current executive officers and directors.

**Nicolas Link (Chief Executive Officer, Chairman and Directors)**

Mr. Link is a serial Entrepreneur. He has started, grown, and exited multiple companies in the UK, Dubai, China, Poland & South Africa.

Mr. Link joined the Company on January 14, 2021, as our CEO and Chairman of the Board of Directors. From May 28, 2022, Mr. Mr. Link holds the position as Chairman of the Board of Directors at Quality Industrial Corp. "QIND" a Subsidiary of the Company. From April 8, 2022, Mr. Link holds the position as Chairman of the Board of Directors at Dear Cashmere Holding Co. (Swifty Global) "DRCR". From November 1, 2014, Mr. Link holds the position as CEO & Chairman of the Board of Directors at Firebug Group a Subsidiary of the Company. On December 7, 2022, Mr. Link was appointed as CEO and Chairman of the Board of Directors for CGrowth Capital, Inc (CGRA).

Aside from that provided above, Mr. Link does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

We believe that Mr. Link is qualified to serve on our Board of Directors because of, but not limited to, his experience in growing several companies in the public safety industry and his extensive network.

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**John-Paul Backwell (Managing Director)**

Mr. Backwell joined the Company on July 1, 2021, as our Managing Director. From May 28, 2022, Mr. Backwell was appointed as Chief Commercial Officer at Quality Industrial Corp. "QIND", a Subsidiary of the Company. On October 21, 2022, Mr. Backwell resigned as CCO of Quality Industrial Corp. and was appointed as Chief Executive Officer of Quality Industrial Corp. From February 1, 2022, Mr. Backwell also holds the position as Director at Emergency Response Technologies. a Subsidiary of the Company. From November 1, 2014, Mr. Backwell has held the position of Director at FB Fire Technologies, a Subsidiary of the Company.

Mr. Backwell has 25 years' experience in the development and leadership of Global Sales Teams predominantly in the fields of Public Safety and Security with a focus on disruptive technology.

Aside from that provided above, Mr. Backwell does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

We believe that Mr. Backwell is qualified to serve on our Board of Directors because of, but not limited to, his extensive experience in the public safety industry, his business management, and global sales experience.

**Louise Bennett (Chief Operations Officer)**

Mrs. Bennett joined the Company on February 1, 2021, as our Chief Operations Officer. From May 28, 2022, Mrs. Bennett also holds the position of Chief Operations Officer at Quality Industrial Corp. "QIND" a Subsidiary of the Company. From March 1, 2014, Mrs. Bennett holds the position of General Manager at FB Fire Technologies a Subsidiary of the Company.

Mrs. Bennett holds more than 25 years' experience in senior operational management of global engineering, manufacturing, and distribution businesses.

Aside from that provided above, Mrs. Bennett does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

**Krishna Krishnamoorthy (Chief Financial Officer)**

Mr. Moorthy joined the Company on February 2, 2022, as our Chief Financial Officer. From May 28, 2022, Mr. Moorthy holds the position as Chief Financial Officer at Quality Industrial Corp. "QIND" a Subsidiary of the Company. From August 2020 Jan 2022. Mr. Moorthy worked as Group CFO with Bahrain Ship Repair Engineering Company. From December 2019 to August 2020 Mr. Moorthy worked as CFO for Firebug, a subsidiary of the company. From 2018 to 2019 Mr. Moorthy worked as Group CFO at HO Holdings.

Mr. Moorthy holds 35 years' senior Financial Management experience of Public and Private companies in London, Dubai, Singapore & India. Mr. Moorthy holds a Ph. D LLB and MBA.

Aside from that provided above, Mr. Krishnamoorthy does not hold and has not held over the past five years other directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

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**Carsten Kjems Falk (Chief Commercial Officer)**

Mr. Falk joined the Company on June 1, 2022, as our Chief Commercial Officer. From June 1st, 2020, Mr. Falk held the position as Wikisoft Corp.'s "WSFT" (now Quality Industrial Corp. "QIND") a Subsidiary of the Company and signed a new contract as Chief Executive Officer on September 1 , 2020. On October 21, 2022, Mr. Falk resigned as CEO of Quality Industrial Corp. and was appointed as Chief Commercial Officer of Quality Industrial Corp. From 2013 to 2019, Mr. Falk was Chief Executive Officer at Domino's Pizza DK. Mr. Falk holds a master's degree in Mathematics.

Mr. Falk has a proven track record of successfully winning two Gazelle Prizes in 2017 and 2018 respectively from the leading financial newspaper in Denmark and has been awarded twice for best global online sales by Domino's International in 2016 and 2018 respectively. Mr. Falk's resume also includes business acceleration and driving profitable growth for B2B & B2C Venture capital owned companies in Europe.

Aside from that provided above, Mr. Falk does not hold and has not held over the past five years any other directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940.

**Term of Office**

Our directors are appointed to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board, subject to their respective employment agreements.

**Family Relationships**

There are no family relationships between or among the directors, executive officers or persons nominated or chosen by us to become directors or executive officers.

**Involvement in Certain Legal Proceedings**

During the past 10 years, none of our current directors, nominees for directors or current executive officers has been involved in any legal proceeding identified in Item 401(f) of Regulation S-K.

**Committees**

We do not have a separately designated standing audit committee. The entire board of directors performs the functions of an audit committee, but no written charter governs the actions of the board of directors when performing the functions of that would generally be performed by an audit committee. The board of directors approves the selection of our independent accountants and meets and interacts with the independent accountants to discuss issues related to financial reporting. In addition, the board of directors reviews the scope and results of the audit with the independent accountants, reviews with management and the independent accountants our annual operating results, considers the adequacy of our internal accounting procedures and considers other auditing and accounting matters including fees to be paid to the independent auditor and the performance of the independent auditor.

**For the fiscal year ending December 31, 2021, and 2020, the board of directors:**

Reviewed and discussed the audited financial statements with management and Reviewed and discussed the written disclosures and the letter from our independent auditors on the matters relating to the auditor's independence.

Based upon the board of directors' review and discussion of the matters above, the board of directors authorized inclusion of the audited financial statements for the year ended December 31, 2021, and 2020 and the unaudited financial statements for the period ended September 30, 2022, to be included in this Registration Statement on Form 10 filed with the Securities and Exchange Commission.

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**Code of Ethics**

We have adopted a Code of Ethics which applies to our executive officers, directors and employees, a copy of our code of ethics is filed as Exhibit 14.1 to this Form 10.

**Item 6. Executive Compensation**

The following summary compensation table sets forth all compensation awarded to, earned by, or paid to our named executive officers paid by us during the years ended December 31, 2022, 2021, and 2020.

 **2020, 2021 & 2022 Summary Compensation Table**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Year** | **Salary $** | **Bonus $** | **Stock Awards $** | **Option Awards $** | **Non Equity Incentive Plan Compensation $** | **Non-Qualified Deferred Compensation Earnings $** | **All Other Compensation $** | **Totals $** |
| Nicolas Link | 2020 |  |  |  |  |  |  |  |  |
|  | 2021 | 109000.00 |  |  |  |  |  | 109000.00 | 109000.00 |
|  | 2022 | 123840.00 |  | 1955000.00 |  |  |  | 207884000 | 207884000 |
| John-Paul Backwell\*\* | 2020 |  |  |  |  |  |  |  |  |
|  | 2021 | 54518.39 |  | 25000.00 |  |  |  | 79518.39 | 79518.39 |
|  | 2022 | 133875.00 |  |  |  |  |  | 133875.00 | 133875.00 |
| Louise Bennett\*\* | 2020 |  |  |  |  |  |  |  |  |
|  | 2021 | 48840.00 |  | 20000.00 |  |  |  | 68840.00 | 68840.00 |
|  | 2022 | 79050.00 |  |  |  |  |  | 79050.00 | 79050.00 |
| Krishna Krishnamoorthy\* | 2020 |  |  |  |  |  |  |  |  |
|  | 2021 |  |  |  |  |  |  |  |  |
|  | 2022 | 117180.00 |  | 273700.00 |  |  |  | 390880.00 | 390880.00 |
| Carsten Falk\* | 2020 |  |  |  |  |  |  |  |  |
|  | 2021 |  |  |  |  |  |  |  |  |
|  | 2022 | 52500.00 |  | 195500.00 |  |  |  | 248000.00 | 248000.00 |

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\*Salary paid to Mr. Moorthy and Mr. Falk has been considered from their date of employment with the company as CFO and CCO respectively.

\*\* Stock awards issued to John-Paul Backwell and Louise Bennett in the year 2021 were partially cancelled on December 5, 2022. Stock Awards in 2021, displays the shares held by each officer as of December 31, 2022.

Stock-awards to executives are in compliance with ASC 718 and recognized in the consolidated statement of operations based on their fair values at the date of grant. Par value deemed as fair value for 2020 & 2021 audited financials. Executive compensation for 2022 in compliance with ASC 718, unaudited.

**Narrative Disclosure to Summary Compensation Table**

**Employment Agreements**

Officers and Directors of the Company have an employee agreement with the parent Company. The agreements also govern their employee agreements in the majority owned subsidiary Quality Industrial Corp. All salaries are paid by ILUS and stock-based compensation is as a combination from both companies.

**Nicolas Link (Chief Executive Officer & Chairman)**

The company entered into an employment agreement with Mr. Link on January 14, 2021, in his capacity as Chief Executive Officer and Chairman. Pursuant to the agreement, the company agreed to pay Mr. Link a salary of $123,840 per annum. For entering the amended employment agreement on June 30, 2022, Mr. Link will be issued 2,750,000 QIND common shares in Q1, 2023 and was issued 250,000 shares of Class F Shares convertible into 25,000,000 common shares in Ilustrato Pictures International Inc. on December 5, 2022. Lock-up of the shares will be under rule 144. If Mr. Link should resign, he will be considered a corporate insider according to rule 144 for a full year and can during any given week not sell or transfer more than 2.5% of the average weekly trading volume over the previous 30 days average trading volume. During the following year, Mr. Link can sell 25% of any remain shares per quarter. The company has the right of first refusal to acquire the shares or match any written offer by a third party for the shares.

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Mr. Link is eligible for the Company Officer's Short Term Incentive Programme (STIP), a Performance Based Target opportunity. Mr. Links target opportunity equals 5,000,000 common shares in the company and 1,000,000 common shares in the subsidiary Quality Industrial Corp. intended to qualify as performance-based compensation under Internal Revenue Code section 162(m). The STIP can range from 0% to a maximum target based on performance against agreed plan. The Board of Directors reserves the right to amend the Bonus Structure based on market conditions and overall performance of the Company. The targets will be negotiated with the Board of Directors and compensation paid out once a year after the filing of the annual results effective from the month after the filing, for the first time with the 2022 annual results. The board of directors will after the annual result discretionarily decide if the STIP is stock-based equity, cash pay-out or a combination in the company or its subsidiaries. The targets for the Officer for each term are as per the Officer's Key Performance Indices (KPI) Agreement.

If the company or any of its subsidiaries should up list to a National Exchange through an initial public offering (IPO) the Chief Executive Officer is entitled to an appropriate market based salary in accordance with the size and performance of the business, payable in 12 equal monthly payments, on the last day of every month, plus annual bonus in line with a revised appropriate Short Term Incentive Programme (STIP), shares in an up list or IPO of the company or its subsidiaries, all subject to approval by the Board of Directors.

The Chief Executive Officer is also eligible of up to 30 days per year excluding public holidays and may not carry over any unused vacation from prior years and is eligible to participate in all health and welfare benefits provided to other employees of the Company (other than any severance plans) or similar own insurance paid by the company.

The Chief Executive Officer is also eligible for vacation, paid sick days, mobile and internet and expenses incurred for travel, nights away from home, dining, entertainment etc.

If the Chief Executive Officer's employment is terminated by the Company for Cause, or if his employment with the Company ends due to death, "permanent and total disability", or due to a voluntary termination of employment by The Chief Executive Officer without Good Reason, then The Chief Executive Officer shall only be entitled to any earned but unpaid compensation as well as any other amounts or benefits owing to The Chief Executive Officer under the terms of any employee benefit plan of the Company.

If the Chief Executive Officer's employment with the Company is terminated by the Company in connection with a non-renewal of the Agreement without Cause or for reasons other than Cause, death, "permanent and total disability" or is voluntarily terminated by The Officer for Good Reason, then The Officer shall be entitled to the Severance Benefits as well as his Accrued Benefits. In the event the Director becomes entitled to receive severance benefits the Company shall pay and provide for a period of 6 months after the Date of Termination, the Director's then current base salary per month, a pro rata portion of any annual bonus that the Director would have been entitled to receive.

The foregoing description of the employment agreement does not purport to be complete and is qualified in its entirety by the full text of the employment contract in exhibit 10.1.

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**John-Paul Backwell (Managing Director)**

The company entered into an employment agreement with Mr. Backwell on July 1, 2021, in his capacity as Managing Director. Pursuant to the agreement, the company agreed to pay Mr. Backwell a salary of $133,875 per annum. Mr. Backwell was issued 1,050,000 Preferred F Shares on September, 2021. In accordance with his amended employee agreement signed on June 30, 2022, Mr. Backwell had 800,000 preferred F Shares cancelled on December 8, 2022, and currently hold 250,000 shares of Class F Shares convertible into 25,000,000 common shares in Ilustrato Pictures International Inc. In accordance with his amended employee agreement, Mr. Backwell will be issued 2,250,000 QIND common shares in Q1 2023. Lock-up of the shares will be under rule 144. If Mr. Backwell should resign, he will be considered a corporate insider according to rule 144 for a full year and can during any given week not sell or transfer more than 2.5% of the average weekly trading volume over the previous 30 days average trading volume. During the following year, Mr Backwell can sell 25% of any remain shares per quarter. The company has the right of first refusal to acquire the shares or match any written offer by a third party for the shares.

Mr. Backwell is eligible for the Company Officer's Short Term Incentive Programme (STIP), a Performance Based Target opportunity. Mr. Backwell's target opportunity equals 5,000,000 common shares in the company and 1,000,000 common shares in the subsidiary Quality Industrial Corp. intended to qualify as performance-based compensation under Internal Revenue Code section 162(m). The STIP can range from 0% to a maximum target based on performance against agreed plan. The Board of Directors reserves the right to amend the Bonus Structure based on market conditions and overall performance of the Company. The targets will be negotiated with the Board of Directors and compensation paid out once a year after the filing of the annual results effective from the month after the filing, for the first time with the 2022 annual results. The board of directors will after the annual result discretionarily decide if the STIP is stock-based equity, cash pay-out or a combination in the company or its subsidiaries. The targets for the Officer for each term are as per the Officer's Key Performance Indices (KPI) Agreement.

If the company or any of its subsidiaries should up list to a National Exchange through an initial public offering (IPO) the Managing Director is entitled to an appropriate market based salary in accordance with the size and performance of the business, payable in 12 equal monthly payments, on the last day of every month, plus annual bonus in line with a revised appropriate Short Term Incentive Programme (STIP), shares in an up list or IPO of the company or its subsidiaries, all subject to approval by the Board of Directors.

The Managing Director is also eligible of up to 30 days per year excluding public holidays and may not carry over any unused vacation from prior years and is eligible to participate in all health and welfare benefits provided to other employees of the Company (other than any severance plans) or similar own insurance paid by the company.

The Managing Director is also eligible for vacation, paid sick days, mobile and internet and expenses incurred for travel, nights away from home, dining, entertainment etc.

If the Managing Director's employment is terminated by the Company for Cause, or if his employment with the Company ends due to death, "permanent and total disability", or due to a voluntary termination of employment by The Managing Director without Good Reason, then The Managing Director shall only be entitled to any earned but unpaid compensation as well as any other amounts or benefits owing to The Managing Director under the terms of any employee benefit plan of the Company.

If the Managing Director's employment with the Company is terminated by the Company in connection with a non-renewal of the Agreement without Cause or for reasons other than Cause, death, "permanent and total disability" or is voluntarily terminated by The Officer for Good Reason, then The Officer shall be entitled to the Severance Benefits as well as his Accrued Benefits. In the event the Director becomes entitled to receive severance benefits the Company shall pay and provide for a period of 3 months after the Date of Termination, the Director's then current base salary per month, a pro rata portion of any annual bonus that the Director would have been entitled to receive.

The foregoing description of the employment agreement does not purport to be complete and is qualified in its entirety by the full text of the employment contract in exhibit 10.2.

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**Louise Bennett (Chief Operations Officer)**

The company entered into an employment agreement with Mrs. Bennett on February 1, 2021 in her capacity as Chief Operations Officer. Pursuant to the agreement, the company agreed to pay Mrs. Bennett a salary of $53,280 per annum. Mrs. Bennett was issued 1,500,000 Pref F Shares and 10,000,000 common shares of ILUS on September 14, 2021. On 30<sup>th</sup> June 2022 an amended contract was entered into with a salary of $81,000 per annum. In accordance with her amended employee agreement signed on June 30, 2022, Mrs. Bennett had 850,000 Preferred F Shares and 10,000,000 common shares cancelled on December 8, 2022, and currently hold 200,000 shares of Class F Shares convertible into 20,000,000 common shares in Ilustrato Pictures International Inc. In accordance with her amended employee agreement, Mrs. Bennett will also be issued 500,000 QIND common shares in Q1 2023. Lock-up of the shares will be under rule 144. If Mrs. Bennett should resign, she will be considered a corporate insider according to rule 144 for a full year and can during any given week not sell or transfer more than 2.5% of the average weekly trading volume over the previous 30 days average trading volume. During the following year, Mrs. Bennett can sell 25% of any remain shares per quarter. The company has the right of first refusal to acquire the shares or match any written offer by a third party for the shares.

Mrs. Bennett is eligible for the Company Officer's Short Term Incentive Programme (STIP), a Performance Based Target opportunity. Mrs. Bennett's target opportunity equals 2,500,000 common shares in the company and 250,000 common shares in the subsidiary Quality Industrial Corp. intended to qualify as performance-based compensation under Internal Revenue Code section 162(m). The STIP can range from 0% to a maximum target based on performance against agreed plan. The Board of Directors reserves the right to amend the Bonus Structure based on market conditions and overall performance of the Company. The targets will be negotiated with the Board of Directors and compensation paid out once a year after the filing of the annual results effective from the month after the filing, for the first time with the 2022 annual results. The board of directors will after the annual result discretionarily decide if the STIP is stock-based equity, cash pay-out or a combination in the company or its subsidiaries. The targets for the Officer for each term are as per the Officer's Key Performance Indices (KPI) Agreement.

If the company or any of its subsidiaries should up list to a National Exchange through an initial public offering (IPO) the Chief Operations Officer is entitled to an appropriate market based salary in accordance with the size and performance of the business, payable in 12 equal monthly payments, on the last day of every month, plus annual bonus in line with a revised appropriate Short Term Incentive Programme (STIP), shares in an up list or IPO of the company or its subsidiaries, all subject to approval by the Board of Directors.

The Chief Operations Officer is also eligible of up to 30 days per year excluding public holidays and may not carry over any unused vacation from prior years and is eligible to participate in all health and welfare benefits provided to other employees of the Company (other than any severance plans) or similar own insurance paid by the company.

The Chief Operations Officer is also eligible for vacation, paid sick days, mobile and internet and expenses incurred for travel, nights away from home, dining, entertainment etc.

If the Chief Operations Officer's employment is terminated by the Company for Cause, or if her employment with the Company ends due to death, "permanent and total disability", or due to a voluntary termination of employment by The Chief Operations Officer without Good Reason, then The Chief Operations Officer shall only be entitled to any earned but unpaid compensation as well as any other amounts or benefits owing to The Chief Operations Officer under the terms of any employee benefit plan of the Company.

If the Chief Operations Officer's employment with the Company is terminated by the Company in connection with a non-renewal of the Agreement without Cause or for reasons other than Cause, death, "permanent and total disability" or is voluntarily terminated by The Officer for Good Reason, then The Officer shall be entitled to the Severance Benefits as well as her Accrued Benefits. In the event the Officer becomes entitled to receive severance benefits the Company shall pay and provide for a period of 3 months after the Date of Termination, the Officer's then current base salary per month, a pro rata portion of any annual bonus that the Officer would have been entitled to receive.

The foregoing description of the employment agreement does not purport to be complete and is qualified in its entirety by the full text of the employment contract in exhibit 10.3.

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**Krishnan Krishnamoorthy (Chief Financial Officer)**

The company entered into an employment agreement with Mr. Krishnamoorthy on February 2, 2022 in his capacity as Chief Financial Officer. Pursuant to the agreement, the company agreed to pay Mr. Moorthy a salary of $130,000 per annum. In accordance with his amended employee agreement signed on June 30, 2022, Mr. Krishnamoorthy was issued 35,000 shares of Class F Shares in Ilustrato Pictures International Inc. on December 5, 2022, convertible into 3,500,000 common shares in Ilustrato Pictures International Inc. In accordance with his amended employee agreement, Mr. Krishnamoorthy will also be issued 2,250,000 QIND common shares in Q1 2023. Lock-up of the shares will be under rule 144. If Mr. Krishnamoorthy should resign, he will be considered a corporate insider according to rule 144 for a full year and can during any given week not sell or transfer more than 2.5% of the average weekly trading volume over the previous 30 days average trading volume. During the following year, Mr. Krishnamoorthy can sell 25% of any remain shares per quarter. The company has the right of first refusal to acquire the shares or match any written offer by a third party for the shares.

Mr. Krishnamoorthy is eligible for the Company Officer's Short Term Incentive Programme (STIP), a Performance Based Target opportunity. Mr. Krishnamoorthy 's target opportunity equals 2,500,000 common shares in the company and 250,000 common shares in the subsidiary Quality Industrial Corp. intended to qualify as performance-based compensation under Internal Revenue Code section 162(m). The STIP can range from 0% to a maximum target based on performance against agreed plan. The Board of Directors reserves the right to amend the Bonus Structure based on market conditions and overall performance of the Company. The targets will be negotiated with the Board of Directors and compensation paid out once a year after the filing of the annual results effective from the month after the filing, for the first time with the 2022 annual results. The board of directors will after the annual result discretionarily decide if the STIP is stock-based equity, cash pay-out or a combination in the company or its subsidiaries. The targets for the Officer for each term are as per the Officer's Key Performance Indices (KPI) Agreement.

If the company or any of its subsidiaries should up list to a National Exchange through an initial public offering (IPO), the Chief Financial Officer is entitled to an appropriate market based salary in accordance with the size and performance of the business, payable in 12 equal monthly payments, on the last day of every month, plus annual bonus in line with a revised appropriate Short Term Incentive Programme (STIP), all subject to approval by the Board of Directors.

The Chief Financial Officer is also eligible of up to 30 days per year excluding public holidays and may not carry over any unused vacation from prior years and is eligible to participate in all health and welfare benefits provided to other employees of the Company (other than any severance plans) or similar own insurance paid by the company.

The Chief Financial Officer is also eligible for vacation, paid sick days, mobile and internet and expenses incurred for travel, nights away from home, dining, entertainment etc.

If the Chief Financial Officer's employment is terminated by the Company for Cause, or if his employment with the Company ends due to death, "permanent and total disability", or due to a voluntary termination of employment by The Chief Financial Officer without Good Reason, then The Chief Financial Officer shall only be entitled to any earned but unpaid compensation as well as any other amounts or benefits owing to The Chief Financial Officer under the terms of any employee benefit plan of the Company.

If the Chief Financial Officer's employment with the Company is terminated by the Company in connection with a non-renewal of the Agreement without Cause or for reasons other than Cause, death, "permanent and total disability" or is voluntarily terminated by The Officer for Good Reason, then The Officer shall be entitled to the Severance Benefits as well as his Accrued Benefits. In the event the Officer becomes entitled to receive severance benefits the Company shall pay and provide for a period of 3 months after the Date of Termination, the Officer's then current base salary per month, a pro rata portion of any annual bonus that the Officer would have been entitled to receive.

The foregoing description of the employment agreement does not purport to be complete and is qualified in its entirety by the full text of the employment contract in exhibit 10.4.

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**Carsten Kjems Falk (Chief Commercial Officer)**

The company entered into an employment agreement with Mr. Falk on June 1, 2022 in his capacity as Chief Commercial Officer. Pursuant to the agreement, the company agreed to pay Mr. Falk a salary of $90,000 per annum starting June 2022. Mr. Falk was issued 25,000 Pref F Shares in ILUS on December 5, 2022, convertible into 2,500,000 common shares in Ilustrato Pictures International Inc. Mr. Falk will also be issued 2,250,000 common shares in QIND in Q1 2023, for entering the employement agreement on June 1, 2022, and waiving all liabilities as CEO in the subsidiary Quality Industrial Corp. Lock-up of the shares will be under rule 144. If Mr. Falk should resign, he will be considered a corporate insider according to rule 144 for a full year and can during any given week not sell or transfer more than 2.5% of the average weekly trading volume over the previous 30 days average trading volume. During the following year, Mr. Falk can sell 25% of any remain shares per quarter.

Mr. Falk is eligible for the Company Officer's Short Term Incentive Programme (STIP), a Performance Based Target opportunity. Mr. Falk's target opportunity equals 3,500,000 common shares in the company and 250,000 common shares in the subsidiary Quality Industrial Corp. intended to qualify as performance-based compensation under Internal Revenue Code section 162(m). Any bonus compensation will be pro-rated according to the start date of the Officer. The STIP can range from 0% to a maximum target based on performance against agreed plan. The Board of Directors reserves the right to amend the Bonus Structure based on market conditions and overall performance of the Company. The targets will be negotiated with the Chairman of the board and compensation paid out once a year after the filing of the annual results effective from the month after the filing, for the first time with the 2022 annual results. The board of directors will after the annual result discretionarily decide if the STIP is stock-based equity, cash pay-out or a combination in the company or its subsidiaries. The targets for the Officer for each term are as per the Officer's Key Performance Indices (KPI) Agreement.

If the company or any of its subsidiaries should up list to a National Exchange through an initial public offering (IPO) the Chief Commercial Officer is entitled to an appropriate market based salary in accordance with the size and performance of the business, payable in 12 equal monthly payments, on the last day of every month, plus annual bonus in line with a revised appropriate Short Term Incentive Programme (STIP), all subject to approval by the Board of Directors.

The Chief Commercial Officer is also eligible of up to 30 days per year excluding public holidays and may not carry over any unused vacation from prior years and is eligible to participate in all health and welfare benefits provided to other employees of the Company (other than any severance plans) or similar own insurance paid by the company.

The Chief Commercial Officer is also eligible for vacation, paid sick days, mobile and internet and expenses incurred for travel, nights away from home, dining, entertainment etc.

If the Chief Commercial Officer's employment is terminated by the Company for Cause, or if his employment with the Company ends due to death, "permanent and total disability", or due to a voluntary non-renewal of this Agreement by the Company or due to a voluntary termination of employment by The Chief Commercial Officer without Good Reason, then The Chief Commercial Officer shall only be entitled to any earned but unpaid compensation as well as any other amounts or benefits owing to The Chief Commercial Officer under the terms of any employee benefit plan of the Company.

If the Chief Commercial Officer's employment with the Company is terminated by the Company in connection with a non-renewal of the Agreement without Cause or for reasons other than Cause, death, "permanent and total disability" or is voluntarily terminated by The Officer for Good Reason, then The Officer shall be entitled to the Severance Benefits as well as his Accrued Benefits. In the event the Officer becomes entitled to receive severance benefits the Company shall pay and provide for a period of 3 months after the Date of Termination, the Officer's then current base salary per month, a pro rata portion of any annual bonus that the Officer would have been entitled to receive.

The foregoing description of the employment agreement does not purport to be complete and is qualified in its entirety by the full text of the employment contract in exhibit 10.5.

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**Outstanding Equity Awards at Fiscal Year-End**

Other than as discussed above, no executive officer received any equity awards, or holds exercisable or un-exercisable options, as of the years ended December 31, 2021, and 2020.

**Long-Term Incentive Plans**

There are no arrangements or plans in which the Company would provide pension, retirement or similar benefits for our Director or executive officer other than described in the individual contracts.

**Compensation Committee**

The Company currently does not have a compensation committee of the Board of Directors. The Board of Directors determines executive compensation.

Compensation of Directors

Directors are permitted to receive fixed fees and other compensation for their services as Directors. The Board of Directors has the authority to fix the compensation of Directors. No amounts have been paid to, or accrued to, Directors in such capacity.

**Director Independence**

The Board of Directors is currently composed of Two members, which are Nicolas Link and John-Paul Backwell. Aside from them, no director qualifies as independent in accordance with the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the Director is not, and has not been for at least three years, one of the Company's employees and that neither the Director, nor any of his family members has engaged in various types of business dealings with us.

**Security Holders Recommendations to Board of Directors**

The Company welcomes comments and questions from the shareholders. However, while the Company appreciates all comments from shareholders, it may not be able to individually respond to all communications.

**Item 7. Certain Relationships and Related Transactions, and Director Independence**

Other than described below or the transactions described under the heading "Executive Compensation," there have not been, and there is not currently proposed, any transaction or series of similar transactions to which we were or will be a participant in which the amount involved exceeded or will exceed the lesser of $120,000 or one percent of the average of our total assets at year-end for the last two completed fiscal years, and in which any director, executive officer, holder of 5% or more of any class of our capital stock or any member of the immediate family of any of the foregoing persons had or will have a direct or indirect material interest.

**Item 8. Legal Proceedings**

We may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to our business. These matters may include product liability, intellectual property, employment, personal injury cause by our employees, and other general claims. Aside from the following, we are not presently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse effect on our business. Regardless of outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

Ilustrato Pictures International Inc has applied to the District Court, Clark County, Nevada to have 40,000,000 shares with Ambrose & Keith cancelled as they were issued in error in 2018 as the deal never completed. The case has been won on September 15, 2022, in favor of the company and the court order was received on January 23, 2023. The transfer agent in the process of cancellation of the 40,000,000 shares.

We have been named as a defendant in an action commenced by our former CEO, Larson Elmore. A case also has been filed in the Eight Judicial District Court of the State of Nevada (Case No. A-22-858343-C). Plaintiff alleges that we breached a stock purchase agreement dated May 10, 2020, and promissory notes and is therefore entitled to damages. We have potential counterclaims against the former CEO which are being prepared arising out of improper action and lack of disclosures. We are in the process of a settlement discussion and have obtained an extension of time to respond while this process occurs.

We cannot predict whether the action against involving our former CEO is likely to result in any material recovery by or expense to our company. Where it is reasonably possible to do so, the Company accrues estimates of the probable costs for the resolution of these matters. These estimates based upon an analysis of potential results and settlement strategies. It is possible, however, that future operating results for any particular quarter or annual period could be affected by changes in assumption.

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**Item 9. Market Price of and Dividends on the Registrant's Common Equity and Related Shareholder Matters**

**Market Information.**

Our common stock is qualified for quotation on the OTC Markets- OTC Pink under the symbol "ILUS" and has been quoted on the OTC Pink since 2013.

**Holders**

As of September 30, 2022, we had 33 shareholders of record of common stock per transfer agent's shareholder list with others in street name.

**Dividends**

The Company has not paid any cash dividends to date and does not anticipate or contemplate paying any dividends in the foreseeable future. It is the present intention of management to utilize all available funds for the growth of the Registrant's business.

The Company has not declared any cash dividends since inception and does not anticipate paying any cash dividends in the foreseeable future. The payment of cash dividends is within the discretion of the Board of Directors and will depend on the Company's earnings, capital requirements, financial condition, and other relevant factors. There are no restrictions that currently limit the Company's ability to pay cash, or other, dividends on its Common Stock other than those generally imposed by applicable state law.

**Equity Compensation Plan Information**

The Company does not currently have an equity compensation plan in place other than equity compensation described in the individual employee contracts.

**Common and Preferred Stock**

Our authorized capital stock consists of 2,000,000,000 shares of common stock and 235,741,000 shares of preferred stock, par value $0.001 per share. As of January 31, 2023, there were 1,355,230,699 shares of our common stock issued and outstanding and 78,946,425 shares of our preferred stock issued and outstanding.

**Options and Warrants**

On February 4, 2022, a Common Share Purchase Warrant was issued to Discover Growth Fund, LLC, of the $2,000,000.00 convertible promissory note of even date herewith (the "Note"), , Holder is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereof, to purchase from the Company, 20,000,000 of the Company's common shares (the "Warrant Shares") (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant) at the Exercise Price of $0.275, per share then in effect.

On December 02, 2022, we issued a common stock purchase warrant to AJB Capital Investment LLC for the $1,200,000.00 convertible promissory note. The holder is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereof, to purchase from the Company, 30,000,000 of the Company's common shares (the "Warrant Shares") (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant) at the Exercise Price per share then in effect.

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**Debt Securities**

On June 14, 2021, the company entered into a convertible note with GPL Ventures LLC – Alexander Dillon, for the amount of $500,000. The note is convertible at 25% below the average past 10-day share price. The note matures on June 13, 2023.

On September 10, 2021, the company entered into a convertible note with AES Capital Management LLC – Eli Safdieh for the amount of $375,000. The note is convertible at 35% below the lowest past 15-day share price. The note matures on March 10, 2023.

On January 28, 2022, the company entered into a convertible note with RB Capital Partners Inc. – Brett Rosen for the amount of $500,000. The note is convertible at a fixed price $0.20 and bears 5% interest per annum. The note matures on January 27, 2024.

On February 04, 2022, the company entered into a convertible note with Discover Growth Fund LLC – John Burke for the amount of $2,000,000. The note is convertible at a 35% below the lowest past 15-day share price and bears 12% interest per annum. The note matures on February 4, 2023.

On April 26, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $500,000. The note is convertible into common stock at the rate of $0.20 and bears 5% interest per annum. The note matures on April 25, 2024.

On May 20, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $500,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on May 19, 2024.

On May 27, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $500,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on May 26, 2024.

On June 01, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $1,000,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on May 31, 2024.

On July 12, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $500,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on July 11, 2024.

On August 10, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $500,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on August 09, 2024.

On August 25, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $200,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on August 24, 2024.

On September 22, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $650,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on September 20, 2024.

On November 14, 2022, the company entered into a convertible note with RB Capital Partners Inc., for the amount of $400,000. The note is convertible into common stock at the rate of $0.50 and bears 5% interest per annum. The note matures on November 13, 2024.

On December 02, 2022, the company entered into a convertible note with AJB Capital Investment LLC for the amount of $1,200,000. The note is convertible into common stock upon an event of default at the rate equal to volume weighted average trading price of the specified period and bears 12% interest. The note matures on June 01, 2023.

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**Transfer Agent** 

The Company's transfer agent is Securities Transfer Corporation located at 2901 N. Dallas Parkway suite 280, Plano TX 75093 with a phone number at 469-633-0101

**Equity Compensation Plans**

We have no equity compensation plans other than equity compensation described in the individual employee contracts.

**Item 10. Recent Sales of Unregistered Securities** 

The following information represents securities sold by the Company since the December 31, 2019, which were not registered under the Securities Act. Included are sales of reacquired securities, as well as new issues, securities issued in exchange for property, services, or other securities, and new securities resulting from the modification of outstanding securities.

On March 19, 2020, we issued 60,741,000 shares of Preferred Class D stock as compensation to Larson Elmore for the acquisition of Ilustrato Pictures International Inc. pursuant to Agreement with Larson Elmore for an aggregate price of $60,741.00.

On June 4, 2020, we issued 672,175 shares of Preferred Class E stock as compensation to BrohF Holdings Ltd, Hamza Nasko for conversion of debt into preferred shares for an aggregate price of $672.175.

On June 4, 2020, we issued 2,500,000 shares of Preferred Class E stock as compensation to Artem Belov for conversion of debt with FB Fire Technologies Ltd for an aggregate price of $2,500.00.

On January 27, 2021, we issued 76,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $76,000.00.

On February 3, 2021, we issued 84,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $84,000.00.

On February 11, 2021, we issued 84,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $84,000.00.

On February 19, 2021, we issued 20,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate offering price of $20,000.00.

On March 17, 2021, we issued 20,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate offering price of $20,000.00.

On March 26, 2021, we issued 50,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $50,000.00.

On March 29, 2021, we issued 20,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $20,000.00.

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On April 20, 2021, we issued 10,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $10,000.00.

On April 28, 2021, we issued 10,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $10,000.00.

On May 14, 2021, we issued 46,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $46,000.00.

On May 14, 2021, we issued 34,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $34,000.00.

On July 9, 2021, we issued 80,000,000 shares of Common stock to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $80,000.00.

On September 10, 2021, we converted 185,000,000 of common stock held by FB Technologies Global Inc into 1,850,000 Preferred Class B Shares in agreement with FB Technologies Global Inc.

On September 14, 2021, we issued 5,000,000 shares of Common stock to Mohamed Suhail Abdool Hamid for an agreement to purchase shares for an aggregate price of $5,000.00.

On September 14, 2021, we issued 6,000,000 shares of Common stock to Riefqah Abrahams for an agreement to purchase shares for an aggregate price of $6,000.00.

On September 14, 2021, we issued 5,000,000 shares of Common stock to Zander Boshoff for an agreement to purchase shares for an aggregate price of $5,000.00.

On September 14, 2021, we issued 6,000,000 shares of Common stock to Albertus Willem Burger for an agreement to purchase shares for an aggregate price of $6,000.00.

On September 14, 2021, we issued 2,500,000 shares of Common stock to Nicolas Bernd Jonischkeit for an agreement to purchase shares for an aggregate price of $2,500.00.

On September 14, 2021, we issued 5,000,000 Shares of Common stock to Kyle Kotz for an agreement to purchase shares for an aggregate price of $5,000.00.

On September 14, 2021, we issued 5,000,000 shares of Common stock to Chantelle l'Anson-Sparks for an agreement to purchase shares for an aggregate offering price of $5,000.00.

On September 14, 2021, we issued 2,500,000 shares of Common stock as compensation to Jason Brown for services supplied to the company for an aggregate price of $2,500.00.

On September 14, 2021, we issued 10,000,000 shares of Common stock to Louise Bennett for staff compensation for an aggregate price of $10,000.00.

On September 14, 2021, we issued 5,000,000 shares of Common stock to Trygve Slette for an agreement to purchase shares for an aggregate price of $5,000.00.

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On September 14, 2021, we issued 500,000 shares of Common stock as compensation to Cameron Cox for services supplied to the company for an aggregate price of $500.00.

On September 14, 2021, we issued 1,500,000 shares of preferred class F to Louise Bennett as staff compensation for an aggregate price of $150,000.00.

On September 14, 2021, we issued 2,500,000 shares of preferred class F as compensation to James Gibbons for an agreement to purchase shares for an aggregate price of $250,000.00.

On September 14, 2021, we issued 1,050,000 shares of preferred class F to John-Paul Backwell as staff compensation for an aggregate price of $105,000.00.

On September 20, 2021, we issued 1,000,000 shares of preferred class F as compensation to Cicero Transact Group Inc Michael Woloshin pursuant to a pre-existing warrant with the company which was proven to be valid and hereby honored for an aggregate price of $100,000.00.

On September 20, 2021, we issued 3,333,333 shares of Common stock to Lawrence Gillet for an agreement to purchase shares for an aggregate price of $3,333.33.

On September 21, 2021, we issued 700,000 shares of Common stock to Eli Safdieh, AES Capital Management LLC for an agreement to purchase shares for an aggregate price of $700.00.

On September 21, 2021, we issued 700,000 shares of Common stock to Arin LLC Adam Ringer for an agreement to purchase shares for an aggregate price of $700.00.

On September 23, 2021, we issued 2,500,000 shares of Common stock to Benjamin Scott Richards for an agreement to purchase share for an aggregate price of $2,500.00.

On September 23, 2021, we issued 2,500,000 shares of Common stock to Fernando Parker for an agreement to purchase shares for an aggregate price of $2,500.00.

On September 30, 2021, we converted 35,000,000 of common stock to 350,000 Preferred Class B Shares for FB Technologies Global Inc.

On October 4, 2021, we converted 250,000 Preferred Class F shares to 25,000,000 shares of Common stock for Cicero Transact Group Inc.

On December 16, 2021, we issued 75,000,000 shares of Common stock as compensation to GPL Ventures LLC for settlement of a convertible note for an aggregate price of $75,000.00.

On February 7, 2022, we issued 20,000,000 shares of Common stock as compensation to Discover Growth Fund, John Burke as commitment shares for an aggregate price of $4,000,000.00.

On February 16, 2022, we issued 50,000,000 shares of Common stock as compensation to Luki Ventures Inc. Alex Blondel for acquiring a GPL note and converting to shares for an aggregate price of $7,000,000.00.

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On April 13, 2022, we issued 6,500 shares of preferred class F stock as compensation to George Joe Chudina for the purchase of Bull Head Products Inc for an aggregate price of $85,150.00.

On April 13, 2022, we issued 250 shares of preferred class F stock as compensation to Sheila A. Hansen for services in the purchase of Bull Head Products Inc for an aggregate price of $3.275.

On April 28, 2022, we converted 250,000 Preferred Class F shares to 25,000,000 shares of common stock for Cicero Transact Group Inc.

On May 4, 2022, we issued 53,000,000 shares of common stock as compensation to RB Capital Partners Inc. for conversion of a convertible note for an aggregate price of $530,000,00.

On May 17, 2022, we converted 120,000,000 of common stock to 1,200,000 shares of preferred class B stock for FB Technologies Global Inc.

On July 26, 2022, we issued 53,700,000 shares of common stock as compensation to RB Capital Partners Inc. for conversion of a convertible note for an aggregate price of $537,000..00.

On September 28, 2022, we issued 1,500 shares of preferred class F stock as compensation to Barbara J Whidby for the purchase of Georgia Fire Rescue Supply LLC for an aggregate price of $13,800.00.

On November 8, 2022, we issued 10,000,000 shares of common stock as compensation to AES Capital Management LLC. for conversion of a convertible note for an aggregate price of $390,000.00.

On December 5, 2022, we issued 35,000 preferred Class F shares to Krishnan Krishnamoorthy as staff compensation for an aggregate price of $273,700.00.

On December 5, 2022, we issued 25,000 preferred Class F shares to Carsten Kjems Falk as staff compensation for an aggregate price of $195,,500.00.

On December 5, 2022, we issued 10,000 shares of preferred class F to Annemarie Leo-Smith as staff compensation for an aggregate price of $78,200.00.

On December 5, 2022, we issued 75,000 shares of preferred class F to Daniel Link as staff compensation for an aggregate price of $586,500.00.

On December 5, 2022, we issued 15,000 shares of preferred class F to Irina Shatalova as staff compensation for an aggregate price of $117,300.00.

On December 5, 2022, we issued 250,000 shares of preferred class F to Nicolas Link as staff compensation for an aggregate price of $1,955,000.00.

On December 5, 2022, we issued 15,000 shares of preferred class F to Abel Tshingambo Kayomb as staff compensation for an offering price of $117,300.00.

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On December 08, 2022, we cancelled 10,000,000 shares of common stock held by Louise Bennett.

On December 08, 2022, we cancelled 1,300,000 shares of preferred class F held by Louise Bennett.

On December 08, 2022, we cancelled 800,000 shares of preferred class F held by John-Paul Backwell.

On December 08, 2022, we cancelled 2,250,000 shares of preferred class F held by James Gibbons.

On December 9, 2022, we issued 12,000,000 shares of common stock as commitment shares to AJB Capital Investment LLC for an aggregate price of $480,000.00.

On December 9, 2022, we issued 18,000,000 shares of common stock as commitment shares to AJB Capital Investment LLC for an aggregate price of $720,000.00.

The sales and issuances of the securities described below were made pursuant to the exemptions from registration contained in Section 4(a)(2) of the Securities Act and Regulation D under the Securities Act. Each purchaser represented that such purchaser's intention to acquire the shares for investment only and not with a view toward distribution. We requested our stock transfer agent to affix appropriate legends to the stock certificate issued to each purchaser and the transfer agent affixed the appropriate legends. Each purchaser was given adequate access to sufficient information about us to make an informed investment decision.

**Item 11. Description of Registrant's Securities to be Registered**

**General**

Our authorized capital stock consists of 2,000,000,000 shares of common stock and 235,741,000 shares of preferred stock, par value $0.001 per share. As of December 31, 2022, there were 1,355,230,699 shares of our common stock issued and outstanding and 78,946,425 shares of our preferred stock issued and outstanding.

**Common Stock**

Our common stock is entitled to one vote per share on all matters submitted to a vote of the stockholders, including the election of directors. Except as otherwise required by law or provided in any resolution adopted by our board of directors with respect to any series of preferred stock, the holders of our common stock will possess all voting power. Generally, all matters to be voted on by stockholders must be approved by a majority (or, in the case of election of directors, by a plurality) of the votes entitled to be cast by all shares of our common stock that are present in person or represented by proxy, subject to any voting rights granted to holders of any preferred stock. Holders of our common stock representing fifty percent (50%) of our capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of our stockholders. A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger, or an amendment to our Articles of Incorporation. Our Articles of Incorporation do not provide for cumulative voting in the election of directors.

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Subject to any preferential rights of any outstanding series of preferred stock created from time to time by our board of directors, upon liquidation, dissolution or winding up, the holders of shares of our common stock will be entitled to receive pro rata all assets available for distribution to such holders.

In the event of any merger or consolidation with or into another company in connection with which shares of our common stock are converted into or exchangeable for shares of stock, other securities, or property (including cash), all holders of our common stock will be entitled to receive the same kind and amount of shares of stock and other securities and property (including cash). Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock.

**Preferred Stock**

Our board of directors may become authorized to authorize preferred shares of stock and to divide the authorized shares of our preferred stock into one or more series, each of which must be so designated as to distinguish the shares of each series of preferred stock from the shares of all other series and classes. Our board of directors is authorized, within any limitations prescribed by law and our articles of incorporation, to fix and determine the designations, rights, qualifications, preferences, limitations, and terms of the shares of any series of preferred stock including, but not limited to, the following:

(1) The number of shares
 constituting that series and the distinctive designation of that series, which may be by distinguishing number, letter, or title;

(2) The dividend rate
 on the shares of that series, whether dividends will be cumulative, and if so, from which date(s), and the relative rights of priority,
 if any, of payment of dividends on shares of that series;

(3) Whether that series
 will have voting rights, in addition to the voting rights provided by law, and, if so, the terms of such voting rights;

(4) Whether that series
 will have conversion privileges, and, if so, the terms and conditions of such conversion, including provision for adjustment of the
 conversion rate in such events as the Board of Directors determines;

(5) Whether or not the
 shares of that series will be redeemable, and, if so, the terms and conditions of such redemption, including the date or date upon
 or after which they are redeemable, and the amount per share payable in case of redemption, which amount may vary under different
 conditions and at different redemption dates;

(6) Whether that series
 will have a sinking fund for the redemption or purchase of shares of that series, and, if so, the terms and amount of such sinking
 fund;

(7) The rights of the
 shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the corporation, and the
 relative rights of priority, if any, of payment of shares of that series; and

(8) Any other relative
 rights, preferences, and limitations of that series.

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On August 2019, the Company's Amended its Articles of Incorporation to authorize it to issue up to two billion (2,000,000,000) shares, of which all shares are common stock, with a par value of one-tenth of one cent ($0.001) per share. The Company also created the following preferred shares with a par value of $0.001 to be designated Class A, B and C.

Class A – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class A share and voting rights of 500 common shares for every 1 preferred class A share. All 10,000,000 preferred class A shares have been issued to the Company's CEO.

Class B – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class B common share with voting rights of 100 common shares for every 1 preferred class B share.

Class C – 10,000,000 preferred shares that convert at 2 common shares for every 1 preferred class C common share with voting rights of 100 common shares for every 1 preferred class C share.

On February 14, 2020, the Company designated 60,741,000 Class D preferred shares, par value $0.001, that convert at 500 common shares for every 1 preferred class D common share with voting rights of 500 common shares for every 1 preferred class D share.

On May 28, 2020, the Company designated 5,000,000 Class E preferred shares, par value $0.001, with non-cumulative right to dividends at 6% a year commencing a year after issuance. Dividends to be paid annually. The Class E shares are redeemable at $1.00 per share, 2.25% must be redeemed per quarter, commencing one year after issuance, and shall be redeemed at 130% premium to the redemption value. The shares do not have voting rights.

On August 26, 2021, the company amended Class B Shares to 100,000,000 shares with par value $0.001 that convert at 100 common shares for every 1 preferred Class B Share with voting rights of 100 common shares for every 1 preferred class B share. Dividends to be paid according to the company's dividend policy agreed by the board from time to time.

On July 20, 2021, the Company designed 50,000,000 Class F preferred shares preferred shares, par value $0.001, that convert at 100 common shares for every 1 preferred class F share with no voting rights and no dividends.

**Provisions in Our Articles of Incorporation and By-Laws That Would Delay, Defer or Prevent a Change in Control**

Our articles of incorporation authorize our board of directors to issue a class of preferred stock commonly known as a "blank check" preferred stock. Specifically, the preferred stock may be issued from time to time by the board of directors as shares of one (1) or more classes or series. Our board of directors, subject to the provisions of our Articles of Incorporation and limitations imposed by law, is authorized to adopt resolutions; to issue the shares; to fix the number of shares; to change the number of shares constituting any series; and to provide for or change the following: the voting powers; designations; preferences; and relative, participating, optional or other special rights, qualifications, limitations or restrictions, including the following: dividend rights, including whether dividends are cumulative; dividend rates; terms of redemption, including sinking fund provisions; redemption prices; conversion rights and liquidation preferences of the shares constituting any class or series of the preferred stock.

In each such case, we will not need any further action or vote by our shareholders. One of the effects of undesignated preferred stock may be to enable the board of directors to render more difficult or to discourage an attempt to obtain control of us by means of a tender offer, proxy contest, merger or otherwise, and thereby to protect the continuity of our management. The issuance of shares of preferred stock pursuant to the board of director's authority described above may adversely affect the rights of holders of common stock. For example, preferred stock issued by us may rank prior to the common stock as to dividend rights, liquidation preference or both, may have full or limited voting rights and may be convertible into shares of common stock. Accordingly, the issuance of shares of preferred stock may discourage bids for the common stock at a premium or may otherwise adversely affect the market price of the common stock.

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**Certain Anti-Takeover Provisions**

Nevada Revised Statutes sections 78.378 to 78.379 provide state regulation over the acquisition of a controlling interest in certain Nevada corporations unless the articles of incorporation or bylaws of the corporation provide that the provisions of these sections do not apply. Our articles of incorporation and bylaws do not state that these provisions do not apply. The statute creates a number of restrictions on the ability of a person or entity to acquire control of a Nevada company by setting down certain rules of conduct and voting restrictions in any acquisition attempt, among other things. The statute is limited to corporations that are organized in the state of Nevada and that have 200 or more stockholders, at least 100 of whom are stockholders of record and residents of the State of Nevada; and does business in the State of Nevada directly or through an affiliated corporation. Because of these conditions, the statute currently does not apply to our company.

**Item 12. Indemnification of Directors and Officers**

Under our bylaws, every person who was or is a party to, or is threatened to be made a party to, or is involved in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he is or was our director or officer, or is or was serving at our request as a director or officer of another corporation, or as its representative in a partnership, joint venture, trust, or other enterprise, shall be indemnified and held harmless to the fullest extent legally permissible under the laws of the State of Nevada from time to time against all expenses, liability, and loss (including attorneys' fees judgments, fines, and amounts paid or to be paid in settlement) reasonably incurred or suffered by him or her in connection therewith. Such right of indemnification shall be a contract right, which may be enforced in any manner desired by such person. The expenses of officers and directors incurred in defending a civil or criminal action, suit, or proceeding must be paid by us as they are incurred and in advance of the final disposition of the action, suit, or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that he is not entitled to be indemnified by us. Such right of indemnification shall not be exclusive of any other right which such directors, officers, or representatives may have or hereafter acquire, and, without limiting the generality of such statement, they shall be entitled to their respective rights of indemnification under any bylaw, agreement, vote of shareholders, provision of law, or otherwise.

Without limiting the application of the foregoing, our board of directors may adopt bylaws from time to time with respect to indemnification, to provide at all times the fullest indemnification permitted by the laws of the State of Nevada, and may cause us to purchase and maintain insurance on behalf of any person who is or was our director or officer, or is or was serving at our request as a director or officer of another corporation, or as its representative in a partnership, joint venture, trust, or other enterprise against any liability asserted against such person and incurred in any such capacity or arising out of such status, whether or not we would have the power to indemnify such person. The indemnification provided shall continue as to a person who has ceased to be a director, officer, employee, or agent, and shall inure to the benefit of the heirs, executors, and administrators of such person.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

We have not entered into any agreements with our directors and executive officers that require us to indemnify these persons against expenses, judgments, fines, settlements and other amounts actually and reasonably incurred (including expenses of a derivative action) in connection with any proceeding, whether actual or threatened, to which any such person may be made a party by reason of the fact that the person is or was our director or officer or any of our affiliated enterprises.

**Item 13. Financial Statements and Supplementary Data**

The Company's audited financial statements for the fiscal years ended December 31, 2021, and December 31, 2020, are included here on pages F-11 through F-12 and were audited by Pipara & Co LLP. The Company's financial statements for the nine months ended September 30, 2022, and 2021 are included hereto as F-1 through F -10.

**Item 14. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure**

None.

**Item 15. Financial Statements and Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Financial Statements.

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**INDEX TO CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| Unaudited Financial Statements: | Unaudited Financial Statements: |
| F-1 | Consolidated Balance Sheets as of September 30, 2022, and December 31, 2021; |
| F-2 | Consolidated Statements of Operations for three and nine months ended September 30, 2022, and 2021; |
| F-3 | Consolidated Statement of Stockholders' Equity as of September 30, 2022; |
| F-4 | Consolidated Statements of Cash Flows for nine months ended September 30, 2022, and 2021; and |
| F-5 | Notes to Consolidated Financial Statements. |

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| | |
|:---|:---|
| Audited Financial Statements: | Audited Financial Statements: |
| F-11 | Report of Independent Registered Public Accounting Firm; |
| F-13 | Consolidated Balance Sheets as of December 31, 2021, and 2020; |
| F-14 | Consolidated Statements of Operations for the years ended December 31, 2021, and 2020; |
| F-15 | Consolidated Statement of Stockholders' Equity as of December 31, 2021, and 2020; |
| F-16 | Consolidated Statements of Cash Flows for the years ended December 31, 2021, and 2020; and |
| F-17 | Notes to Consolidated Financial Statements. |

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 ****

 **ILUSTRATO PICTURES INTERNATIONAL INC.**

**BALANCE SHEET** 

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| | | |
|:---|:---|:---|
|  | **September 30, 2022** | **December 31, 2021** |
| **ASSETS** |  |  |
| **Current Assets** |  |  |
| &nbsp;&nbsp;&nbsp;Cash and Cash Equivalents | $305862.06 | $176668.25 |
| &nbsp;&nbsp;&nbsp;Other Current Assets | 56158804.26 | 13769621.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Current Assets** | **56464666.32** | $**13946289.40** |
| &nbsp;&nbsp;&nbsp;Other Assets | 18154681.96 | 16187529.64 |
| &nbsp;&nbsp;&nbsp;Fixed Assets | 2679910.50 | 1460639.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non Current Assets** | **20834592.46** | **17648169.29** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $**77299258.78** | $**31594458.69** |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| **Current Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Other Current liabilities | 43550594.69 | 13523529.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Current Liabilities** | **43550594.69** | **13523529.67** |
| **Non-current liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Notes Payable | 10423838 |  |
| &nbsp;&nbsp;&nbsp;Other non- current liabilities | 744253.69 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Current Liabilities** | **11168091.69** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | $**54718686.38** | $**13523529.67** |
| **Stockholders' Equity** | 22580572.40 | 18070929.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Stockholders' Equity** | $**22580572.40** | $**18070929.02** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Stockholders' Equity** | $**77299258.78** | $**31594458.69** |

---

The accompanying notes are an integral part of these audited consolidated financial statements.

 ****

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 ****

**ILUSTRATO PICTURES INTERNATIONAL INC.**

**STATEMENT OF OPERATION**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the three months ended** | **For the three months ended** | **For the nine months ended** | **For the nine months ended** |
|  | **September 30, 2022** | **September 30, 2021** | **September 30, 2022** | **September 30, 2021** |
| **NET REVENUE** | 20419420.80 | 3135596.83 | 43110165.58 | 6505394.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Revenue** | **20419420.80** | **3135596.83** | **43110165.58** | **6505394.07** |
| **COST OF REVENUE** | 13608451.01 | 2254400.14 | 28580964.77 | 4422831.34 |
| **GROSS PROFIT** | **6810969.79** | <br> **881196.69** | <br> **14529200.81** | <br> **2082562.73** |
| **Operating Expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating Expenses | 4902400.72 | 490057 | 10851673.67 | 1073087.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Operating Expense** | **4902400.72** | **490057** | **10851673.67** | **1073087.31** |
| **PROFIT/ LOSS FROM OPERATIONS** | 1908569.07 | 391139.69 | <br> 3677527.14 | 1009475.42 |
| **Non- Operating Expenses** | 721074.72 | 0 | 721074.72 | 0 |
| **Non-Operating Income** |  |  |  | 12026143.28 |
| **NET PROFIT/ LOSS** | <br> **1187494.35** | **391139.69** | **2956452.42** | **13035618.70** |

---

The accompanying notes are an integral part of these audited consolidated financial statements.

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**ILUSTRATO PICTURES INTERNATIONAL INC.**

**STATEMENT OF STOCKHOLDERS' EQUITY**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** | **ILUSTRATO PICTURES INTERNATIONAL INC.** |
| **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** | **STATEMENT OF STOCKHOLDERS' EQUITY** |
|  | **Common Stock** | **Common Stock** | **Preferred Stock - Class A** | **Preferred Stock - Class A** | **Preferred Stock - Class B** | **Preferred Stock - Class B** | **Preferred Stock - Class D** | **Preferred Stock - Class D** | **Preferred Stock - Class E** | **Preferred Stock - Class E** | **Preferred Stock - Class F** | **Preferred Stock - Class F** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** |<br>**Additional Paid in Capital** |<br>**Accumulated Deficit** |<br>**Total Stock Holders' Equity** |
| **Balance Sept 30, 2021** | 1143530699 | 1143531 | 10000000 | $10000 | 2200000 | $2200 | 60741000 | $60741 | 3172175 | $3172 | 6050000 | $6050 | $3318853 | $(899110) | $3645436 |
| Shares issued | 100000000 | 100000 |  |  |  |  |  |  |  |  | (250000) | $(250) | $345267 | $13980477 | $14425494 |
| **Balance Dec 31, 2021** | **1243530699** | **1243530** | **10000000** | $**10000** | **2200000** | $**2200** | **60741000** | $**60741** | **3172175** | $**3172** | **5800000** | $**5800** | $**3664120** | $**13081367** | $**18070930** |
| Shares issued | 70000000 | 70000 |  |  |  |  |  |  |  |  |  |  | $124746 | $636636 | $831382 |
| **Balance Mar 31, 2022** | 1313530699 | 1313530 | 10000000 | $10000 | $2200000 | $2200 | 60741000 | $60741 | 3172175 | $3172 | 5800000 | $5800 | 2946058 | $14560778 | $18902279 |
| Common stock converted into Preferred B | (120000000) | (120000) |  |  |  |  |  |  |  |  |  |  |  |  | $(120000) |
| Preferred Stock Converted to Common Stock | 25000000 | 25000 |  |  |  |  |  |  |  |  |  |  |  |  | $25000 |
| Convertible notes converted to common stock | 53000000 | 53000 |  |  |  |  |  |  |  |  |  |  |  |  | $53000 |
| Common stock converted into Preferred |  |  |  |  | 1200000 | $1200 |  |  |  |  |  |  |  |  | $1200 |
| Preferred Stock Converted to Common Stock |  |  |  |  |  |  |  |  |  |  | (243250) | $(243) |  |  | $(243) |
| Changes in Add Capital |  |  |  |  |  |  |  |  |  |  |  |  | $12633277 |  | $12633277 |
| Current quarter income |  |  |  |  |  |  |  |  |  |  |  |  |  | $1132322 | $1132322 |
| Changes in Retained Earnings |  |  |  |  |  |  |  |  |  |  |  |  |  | $(12431910) | $(12431910) |
| **Balance June 30, 2022** | **1271530699** | **1271530** | **10000000** | $**10000** | **3400000** | $**3400** | **60741000** | $**60741** | **3172175** | $**3172** | **5556750** | $**5557** | $**15579335** | $**3261190** | $**20194925** |
| Common Stock issued | 53700000 | 53700 |  |  |  |  |  |  |  |  | 0 | 0 | $— | $— | $53700 |
| Preferred Stock issued |  |  |  |  |  |  |  |  |  |  | 1500 | $1.5 | $— | $— | $2 |
| Current Quarter Income |  |  |  |  |  |  |  |  |  |  |  |  |  | $1187494 | $1187494 |
| Changes in Additional Capital |  |  |  |  |  |  |  |  |  |  |  |  | $563900 |  | $563900 |
| Foreign exchange adjustment |  |  |  |  |  |  |  |  |  |  |  |  |  | $17158 | $17158 |
| **Balance September 30, 2022** | **1325230699** | **1325230** | **10000000** | $**10000** | **3400000** | $**3400** | **60741000** | $**60741** | **3172175** | $**3172** | **5558250** | $**5559** | $**16143235** | $**4465843** | $**22017179** |
| Share Capital of subsidiaries | $563393 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Total Shareholders Equity** | $**22580572** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

The accompanying notes are an integral part of these audited consolidated financial statements.

[**Table of Contents**](#toc)

**ILUSTRATO PICTURES INTERNATIONAL INC.**

**STATEMENT OF CASH FLOWS**

---

| | | |
|:---|:---|:---|
|  | **For 9 months ended** | **For 9 months ended** |
|  | **September 30, 2022** | **September 30, 2021** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** | **2956452.42** | **1009475.42** |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Loss/ Profit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustment to reconcile net gain (loss) to net cash |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in Assets and Liabilities, net |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Assets | (42389183.11) | (9705181.64) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Liabilities | 30027065.02 | 9530037.18 |
| Net cash (used in) provided by operating activities | **(9405665.67)** | **834330.96** |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |
| Net cash (used In) provided by investing activities | **(3186423.17)** | **(13093471.35)** |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |
| Net cash (used in) provided by financing activities | **12721282.65** | **12593152.60** |
| Net change in cash, cash equivalents and restricted cash | 129193.81 | 334012.21 |
| Cash, cash equivalents and restricted cash, beginning of the year | 176668.25 | 1332.00 |
| Cash, cash equivalents and restricted cash, end of the year | **305862.06** | **335334.21** |

---

The accompanying notes are an integral part of these audited consolidated financial statements.

[**Table of Contents**](#toc)

**Notes to Financial Statements**

**Quarter Ended, September 2022**

**Note 1. Organization, History and Business**

We were incorporated as a Superior Venture Corp. on April 27, 2010, in the State of Nevada for the purpose of selling wine varietals. On November 9, 2012, we entered into an Exchange Agreement with the Ilustrato Pictures Ltd., a British Columbia corporation (Ilustrato BC"), whereby we acquired all the issued and outstanding common stock of Ilustrato BC. On November 30, 2012, Ilustrato BC transferred all its assets and liabilities to Ilustrato Pictures Limited, our wholly owned subsidiary in Hong Kong ("Ilustrato HK"). On November 30.2012, we changed the name to Ilustrato Pictures International, Inc.

On April 1, 2016, Barton Hollow, together with the newly elected director of the issuer, caused the Issuer to enter a letter of Intent to merger with Cache Cabinetry, LLC, and Arizona limited liability company. Pursuant to the Letter of Intent, the parties thereto would endeavor to arrive at, and enter, a definitive merger agreement providing for the Merger. As an inducement to the members of Cache Cabinetry, LLC to enter the Letter of Intent and thereafter transact, the Issuer caused to be issued to the members 360,000,000 shares of its common stock.

Subsequently, on April 6, 2016, the Issuer and Cache Cabinetry, LLC entered into a definitive agreement and Plan of Merger (the "Merger Agreement"). Concomitant therewith, the stockholders of the Issuer elected Derrick McWilliams, the President of Cache Cabinetry, LLC Chief Executive Officer of the Issuer, who along with Barton Hollow, ratified and approved the Merger Agreement and Merger.

The Merger closed on June 3, 2016. The merger is designed as a reverse subsidiary merger pursuant to Section 368(a)(2)(E) of the Internal Revenue Code. That is, upon closing, Cache Cabinetry LLC will merger into a newly created subsidiary of the Issuer with the members of Cache Cabinetry, LLC receiving shares of the common stock of the Issuer as consideration therefor. Upon closing of the Merger, Cache Cabinetry, LLC will be the surviving corporation in its merger with the wholly owned subsidiary of the Issuer, therefore has become the wholly owned operating subsidiary of the Issuer.

On November 9th, 2018, the Company entered a Term Sheet for Plan of Merger and Control with Larson Elmore.

On June 6, 2020, the Company entered into a definitive agreement and for conversion of debt with FB Technologies Global, Inc, the shareholders of FB Technologies Global, Inc. were issued 3,172,175 shares of Class E Preferred Stock. A final tranche of preferred shares subject to performance is to be issued conditional upon the audited financials for 2022.

**Note 2. Summary of Significant Accounting Policies**

**Revenue Recognition** 

The company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The company recognizes revenue when it is realized or realizable and earned.

The Company considers revenue realized or realizable and earned when all the following criteria are met:

• persuasive
 evidence of an arrangement exists,

• the
 sale price is fixed or determinable,

• collectability
 is reasonable assured and

• goods
 have been shipped and/or services rendered.

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**Accounts Receivable** 

Accounts receivable is reported at the customers' outstanding balances, less any allowance for doubtful accounts. Interest is not accrued on overdue accounts receivable.

**Allowance for Doubtful Accounts** 

An allowance for doubtful accounts on accounts receivable is charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses.

Management determines the adequacy of the allowance based on historical write off percentages and information collected from individual customers. Accounts receivables are charged off against the allowances when collectability is determined to be permanently impaired.

**Stock Based Compensation** 

When applicable, the Company will account for stock-based payments to employees in accordance with ASC 718, "Stock Compensation" ("ASC 718"). Stock-based payments to employees include grants of stocks, grants of stock options and issuance of warrants that are recognized in the consolidated statement of operations based on their fair values at the date of grant.

The company account for stock-based payments to non-employees in accordance with ASC 505-50, "Equity-Based Payments to Non-Employees." Stock-based payments to non-employees include grants of stock, grants of stock options and issuances of warrants that are recognized in the consolidated statements of operation based on the value of the vested portion of the award over the requisite service period as measured at its then-current fair value as of each financial reporting date.

The Company calculates the fair value of option grants and warrant issuances utilizing the Binomial pricing model. The amount of stock-based compensation recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest. ASC 718 requires forfeitures to be estimated at the time stock options are granted and warrants are issued to employees and non-employees, and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The term "forfeiture" is distinct from "cancellations" or "expirations" and represents only the unvested portion of the surrendered stock option or warrant. The Company estimates forfeiture rates for all unvested awards when calculating the expenses for the period. In estimating the forfeiture rate, the Company monitors both stock option and warrant exercises as well as employee termination patterns. The resulting stock-based compensation expense for both employee and non-employee awards is generally recognized on a straight-line basis over the period in which the Company expects to receive the benefit, which is generally the vesting period.

**Earnings (Loss) per Share** 

The Company reports earnings (loss) per share in accordance with ASC Topic 260-10, "Earnings per Share." Basic earnings (loss) per share is computed by dividing income (loss) available to shareholders by the weighted average number of shares available. Diluted earnings (loss) per shares available.

Diluted earnings (loss) per share is computed like basic earnings (loss) per share except the denominator is increased to include the number of additional shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive.

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**Organization and Offering Cost** 

The Company has a policy to expense organization and offering cost as incurred.

**Cash and Cash Equivalents** 

For purpose of the statements of cash flows, the Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.

**Fair Value of Financial Instruments** 

The company's financial instruments consist of cash and cash equivalents, accounts receivable, and notes payable. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

**Concentration of Credit Risk** 

The Company primarily transacts its business with one financial institution. The amount on deposit in that one institution may from time to time exceed the federally- insured limit.

**Use of Estimates** 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumption that affect the reported amount of assets and liabilities and disclosure of disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

**Business segment** 

ASC 280, *"Segment Reporting"* requires use of the *"management approach"* model for segments reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The Company determined it has one operating segment as of September 30, 2017.

**Income Taxes** 

The Company accounts for income tax positions in accordance with Accounting Standards Codification Topic 740, "Income Taxes" ("ASC Topic 740"). This standard prescribes a recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There was no material impact on the Company's financial position or results pf operations because of the application of this standard.

**Recent Accounting Pronouncements** 

The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company's financial report, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there is proper control in place to ascertain that the Company's financials properly reflect the change. The Company currently does not have any recent accounting pronouncement that they are studying, and feel may be applicable.

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**Note 3. Notes Payable** 

&nbsp;&nbsp;&nbsp;&nbsp;· On
 April 4, 2021, ILUS entered into a Note Payable of $500,000 with GPL Ventures LLC –
 Alexander Dillon, with a two-year term as outlined in above note payables table. Repayable
 any time prior to maturity. Convertible at 25% below the average 10-day share price. In January
 2022 this note was purchased by RB Capital Partners.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 April 28, 2021, ILUS entered into a Note Payable of $500,000 with GPL Ventures LLC –
 Alexander Dillon, with a two-year term as outlined in above note payables table. Repayable
 any time prior to maturity. Convertible at 25% below the average 10-day share price.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 June 14, 2021, ILUS entered into a Note Payable of $500,000 with GPL Ventures LLC –
 Alexander Dillon, with a two-year term as outlined in above note payables table. Repayable
 any time prior to maturity. Convertible at 25% below the average 10-day share price.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 Sept 10, 2021, ILUS entered into a Note Payable of $370,000 with AES Capital Management LLC,
 with a One and half year term as outlined in above note payables table. Repayable any time
 prior to maturity. Convertible at 35% below the average 15-day share price.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 Jan 28, 2022, ILUS entered into a Note payable of $500,000 with RB Capital Partners, with
 a two-year term as outlined in above note payables table. Repayable at any time prior to
 maturity. Convertible at a fixed price of $0.20.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 February 04, 2022, ILUS entered into a Note payable of £2,000,000 with Discover Growth
 Fund LLC, with a One-year term as outlined in above note payables table. Repayable at any
 time prior to maturity. Convertible at 35% below the average 15-day share price.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 April 26, 2022, ILUS entered into a Note payable of $5,00,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.20 per share

&nbsp;&nbsp;&nbsp;&nbsp;· On
 May 20, 2022, ILUS entered into a Note payable of $5,00,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.50 per share

&nbsp;&nbsp;&nbsp;&nbsp;· On
 May 27, 2022, ILUS entered into a Note payable of $5,00,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.50 per share.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 June 1, 2022, ILUS entered into a Note payable of $1,000,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.50 per share.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 July 12, 2022, ILUS entered into a Note payable of $500,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.50 per share.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 August 10, 2022, ILUS entered into a Note payable of $500,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.50 per share.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 August 25, 2022, ILUS entered into a Note payable of $200,000 with RB Capital Partners Inc,
 with two-year term and cannot be converted until 12 months passed from the date first written
 above. This convertible Note shall bear 5% interest per annum. Shall be convertible into
 shares of common stock of the Company at the rate of $0.50 per share.

&nbsp;&nbsp;&nbsp;&nbsp;· On
 September 21, 2022, ILUS entered into a Note payable of $650,000 with RB Capital Partners
 Inc, with twoyear term and cannot be converted until 12 months passed from the date first
 written above. This convertible Note shall bear 5% interest per annum. Shall be convertible
 into shares of common stock of the Company at the rate of $0.50 per share

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**Note 4. Related Party Transactions**

None

**Note 5. Shareholders' Equity** 

On August 2019 the Company's Amended its Articles of Incorporation to authorize it to issue up to two billion (2,000,000,000) shares, of which all shares are common stock, with a par value of one-tenth of one cent ($0.001) per share. The Company also created the following preferred shares with a par value of $0.001 to be designated Class A, B and C.

Class A – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class A share and voting rights of 500 common shares for every 1 preferred class A share. All 10,000,000 preferred class A shares have been issued to the Company's CEO.

Class B – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class B common share with voting rights of 100 common shares for every 1 preferred class B share.

Class C – 10,000,000 preferred shares that convert at 2 common shares for every 1 preferred class C common share with voting rights of 100 common shares for every 1 preferred class C share.

On February 14, 2020, the Company designated Class D– 60,741,000 preferred shares; par value $0.001 that convert at 500 common shares for every 1 preferred class D common share with voting rights of 500 common shares for every 1 preferred class D share.

On May 28, 2020, the Company designated preferred Class E shares - 5,000,000 preferred shares; par value $0.001; non-cumulative. Dividends are 6% a year commencing a year after issuance. Dividends to be paid annually. Redeemable at $1.00 per share, 2.25% must be redeemed per quarter, commencing one year after issuance, and shall be redeemed at 130% premium to the redemption value. The shares do not have voting rights.

On August 26, 2021, the company amended Class B Shares to 100,000,000 shares with par value $0.001 that convert at 100 common shares for every 1 preferred Class B Share with voting rights of 100 common shares for every 1 preferred class B share. Dividends to be paid according to the company's dividend policy agreed by the board from time to time.

On July 20, 2021, the Company designed preferred Class F shares – 50,000,000 preferred shares; par value $0.001 that convert at 100 common shares for every 1 preferred class F share with no voting rights and no dividends.

As of September 30, 2022, the number of shares outstanding of our Common Stock was 1,325,230,699.

**Note 6. Warrants**

COMMON SHARE PURCHASE WARRANT was issued to Discover Growth Fund, LLC, of the $2,000,000.00 convertible promissory note of even date herewith (the "Note"), , Holder is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereof, to purchase from the Company, 20,000,000 of the Company's common shares (the "Warrant Shares") (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant) at the Exercise Price of $0.275, per share then in effect.

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**Note 7. Commitment and Contingencies** 

All shares issued are issued pursuant to an exemption provided by Section 4(2), and that all shares are restricted.

***Contingencies:***

None as of our balances sheet date.

**Note 8. Going Concern** 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, liquidation of liabilities, the continued ability to raise capital as and when required, in the normal course of business.

**Note 9. Subsequent Events:** 

None

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| | |
|:---|:---|
| ![](image_422.jpg) | ![](image_423.jpg) |

---

**Report of Independent Registered Public Accounting Firm**

To the Stockholders and

Board of Directors of **Ilustrato Pictures International Inc. ("ILUS")**

**Opinion on the Financial Statements**

We have audited the accompanying balance sheets of **Illustrato Pictures International, Inc. (the "Company")** as of **December 31, 2020**, the related statements of operations, stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2020, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

**Updated Financial Statements**

As discussed in Note 20 to the financial statements, the 2020 financial statements have been restated to correct a misstatement.

**Change of Management – See Also Critical Audit Matters Section Below**

The accompanying financial statements consist of financial reporting periods pertaining to past owners and management. The company was subsequently acquired by the current management in January 2021. The previous officer and director subsequently filed a suit with the courts in the state of Nevada against the company and its current management, on account of which no confirmations or documents were available for the audit of year ended December 31, 2020 (CY 2020). Resultantly such balances for CY 2020 were written off.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

**Critical Audit Matters**

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

**Change of Management**

*Critical Audit Matter Description*

The Company's current management took control of the company from January 2021 from the previous single officer and director. Subsequent to transfer of ownership and control, the previous director preferred a suit with the court at Nevada, towards consideration for the sale. On account of this, details and supporting documents CY 2020 were not made available and hence such balances have been provided for, so as to reflect the true position of financial affairs of the company with the current management and ownership.

Significant judgment is exercised by the Company in determining the recoverability or realizability of the balances that were appearing in the financial results given by the previous director, which have been provided for wherever unsubstantiated with supporting documents.

The related audit effort in evaluating management's judgments in determining the updated results for the year CY 2020 required a high degree of auditor judgment.

*How the Critical* Audit *Matter was Addressed in the Audit*

 

Our principal audit procedures related to the Company's realizability checks included the following:

---

| | |
|:---|:---|
| · | &nbsp;&nbsp;We gained an understanding of the litigation. |
| · | &nbsp;&nbsp;We evaluated management's significant accounting policies for reasonableness. |
| · | &nbsp;&nbsp;We selected a sample of write off's and performed the following procedures: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obtained and audited the effect flowing to the trial balance; Verified the litigation independently;<br> Tested the mathematical accuracy of the balances that were supported with documents. |

---

**For, Pipara & Co LLP (6841)**

We have served as the Company's auditor since 2022 for CY 2020 onwards.

Place: Ahmedabad, India

Date: December 9, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **New York Office:**<br> 1270, Ave of Americas,<br> Rockfeller Center, FL7,<br> **New York** – 10020, **USA**<br>| &nbsp;&nbsp;&nbsp;**Corporate Office:**<br> **"Pipara Corporate House"** <br> Near Bandhan Bank Ltd.,<br> Netaji Marg, Law Garden,<br> Ahmedabad 380006, INDIA | &nbsp;&nbsp;&nbsp;**Mumbai Office:**<br> #3, 13th floor, Tradelink,<br> 'E' Wing, A - Block, Kamala<br> Mills, Senapati Bapat Marg,<br> Lower Parej, Mumbai - 400013 | &nbsp;&nbsp;**Delhi Office:**<br> 1602, Ambadeep Building,<br> KG Marg, Connaught Place<br> **New Delhi**- 110001 | &nbsp;&nbsp;**Contact:**<br> **T: +1 (646) 387 - 2034**<br> **F: 91 79 40 370376**<br> E:**usa@pipara.com**<br> **naman@piara.com** <br>|

---

[**Table of Contents**](#toc)

 ****

---

| | |
|:---|:---|
| ![](image_422.jpg) | ![](image_423.jpg) |

---

**Report of Independent Registered Public Accounting Firm**

To the Stockholders and

Board of Directors of **Ilustrato Pictures International Inc. ("ILUS")**

**Opinion on the Consolidated Financial Statements**

We have audited the accompanying consolidated balance sheets of **Illustrato Pictures International, Inc. (the "Company")** as of **December 31, 2021**, the related consolidated statements of operations, stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2021, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

**Updated Financial Statements**

As discussed in Note 20 to the financial statements, the 2021 financial statements have been restated to correct a misstatement.

**Change of Management – See Also Critical Audit Matters Section Below**

The accompanying consolidated financial statements consist of financial reporting periods pertaining to past owners and management. The company was subsequently acquired by the current management in January 2021. The previous officer and director subsequently filed a suit with the courts in the state of Nevada against the company and its current management, on account of which no confirmations or documents were available for the audit of year ended December 31, 2020 (CY 2020). Resultantly such balances for CY 2020 were written off.

**Basis for Opinion**

These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

**Critical Audit Matters**

The critical audit matters communicated below are matters arising from the current period audit of the consolidated financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

**Change of Management**

*Critical Audit Matter Description*

The Company's current management took control of the company from January 2021 from the previous single officer and director. Subsequent to transfer of ownership and control, the previous director preferred a suit with the court at Nevada, towards consideration for the sale. On account of this, details and supporting documents CY 2020 and certain documents were not made available and hence such balances have been provided for, so as to reflect the true position of financial affairs of the company with the current management and ownership.

Significant judgment is exercised by the Company in determining the recoverability or realizability of the balances that were appearing in the financial results given by the previous director, which have been provided for wherever unsubstantiated with supporting documents.

The related audit effort in evaluating management's judgments in determining the updated results for the year CY 2021 required a high degree of auditor judgment.

*How the Critical* Audit *Matter was Addressed in the Audit*

 

Our principal audit procedures related to the Company's realizability checks included the following:

---

| | |
|:---|:---|
| · | &nbsp;&nbsp;We gained an understanding of the litigation and took updates from the management |
| · | &nbsp;&nbsp;We evaluated management's significant accounting policies for reasonableness. |
| · | &nbsp;&nbsp;We selected a sample of write off's and performed the following procedures: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compared the closing balances from previous years with the opening balances for the current year on a sample basis<br> Obtained and audited the effect flowing to the trial balance; Verified the litigation independently;<br> Tested the mathematical accuracy of the balances that were supported with documents<br> or ledgers. |

---

**Consolidation Basis Common Control**

*Critical Audit Matter Description*

As described further in Note 18 to the consolidated financial statements, the Company has consolidated 2 entities to the financial statements basis common management control.

*How the Critical Audit Matter was Addressed in the Audit*

 

We determined the Company's consolidation with these entities that were included in the financial statements to be a critical audit matter since the consolidation was not on account of ownership, but on account of control. Our audit procedures related to the Company's assertion on consolidation included the following, among others:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We
 obtained and tested the list of management of the company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We
 tested the common control by checking the records with government's official websites
 to determine whether the names of such people appear on the respective company's filings
 in their country or state

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We
 tested the consolidated trial balance on a sample basis to evaluate the mathematic accuracy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The
 exchange conversion for overseas entities that were consolidated were test checked for conversion
 as at reported date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We conducted a
 sample audit of knock off of inter-company balances

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· We
 conducted a cross verification of the balances reported as outstanding between such companies
 before consolidation knock-offs on a test basis

**For, Pipara & Co LLP (6841)**

We have served as the Company's auditor since 2022 for CY 2020 onwards.

Place: Ahmedabad, India

Date: December 9, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **New York Office:**<br> 1270, Ave of Americas,<br> Rockfeller Center, FL7,<br> **New York** – 10020, **USA**<br>| &nbsp;&nbsp;&nbsp;**Corporate Office:**<br> **"Pipara Corporate House"** <br> Near Bandhan Bank Ltd.,<br> Netaji Marg, Law Garden,<br> Ahmedabad 380006, INDIA | &nbsp;&nbsp;&nbsp;**Mumbai Office:**<br> #3, 13th floor, Tradelink,<br> 'E' Wing, A - Block, Kamala<br> Mills, Senapati Bapat Marg,<br> Lower Parej, Mumbai - 400013 | &nbsp;&nbsp;**Delhi Office:**<br> 1602, Ambadeep Building,<br> KG Marg, Connaught Place<br> **New Delhi**- 110001 | &nbsp;&nbsp;**Contact:**<br> **T: +1 (646) 387 2034**<br> **F: 91 79 40 370376**<br> E:**usa@pipara.com**<br> **naman@piara.com** <br>|

---

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 **ILUSTRATO PICTURES INTERNATIONAL INC.**

**BALANCE SHEET** 

 ****

---

| | | |
|:---|:---|:---|
|  | **December 31, 2021** | **December 31, 2020** |
|  | **(Audited)** | **(Audited)** |
| **ASSETS** |  |  |
| **Current Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and Cash Equivalents | $176668 | $1332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Current Assets | 13769621 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Current Assets** | **13946289** | **1332** |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 871970 | 472651 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital Advances |  | 3172175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Assets | 15315560 | 143385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed Assets | 1460640 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non Current Assets** | **17648169** | **3788211** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL ASSETS** | $**31594459** | $**3789543** |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| **Current Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued Liabilities |  | 6304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred Liabilities |  | 26003 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate earnest funds |  | 3500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes Payable | 3398838 | 548838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Current liabilities | 10124692 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Current Liabilities** | **13523530** | **584645** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | $**13523530** | $**584645** |
| **Commitments and contingencies** |  |  |
| **Stockholders' Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock: 2,000,000,000 shares authorized, $0.001 par value,<br> 1,243,530,699 issued and outstanding | 1243531 | 767297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred Stock: 235,741,000 authorized, $0.001 par value, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A - 10,000,000 authorized; 10,000,000 issued and outstanding | 10000 | 10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class B - 100,000,000 authorized ; 2,200,000 issued and outstanding | 2200 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class C - 10,000,000 authorized; 0 issued and outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class D - 60,741,000 authorized; 60,741,000 issued and outstanding | 60741 | 60741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class E - 5,000,000 authorized; 3,172,175 issued and outstanding | 3172 | 3172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class F - 50,000,000 authorized, 5,800,000 issued and outstanding | 5800 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Additional Paid-in-capital | 3664118 | 3262798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated Deficit | 13081367 | (899110) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Stockholders' Equity** | $**18070929** | $**3204898** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Stockholders' Equity** | $**31594459** | $**3789543** |

---

 ****

The accompanying notes are an integral part of these audited consolidated financial statements.

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 **ILUSTRATO PICTURES INTERNATIONAL INC.**

**STATEMENT OF OPERATION**

---

| | | |
|:---|:---|:---|
|  | **Year Ended December 31** | **Year Ended December 31** |
|  | **2021** | **2020** |
|  | **(Audited)** | **(Audited)** |
| **NET REVENUE** | $11263875 | $— |
| **Total Net Revenue** | **11263875** |  |
| **COST OF REVENUE** | 7489784 | **—** |
| **GROSS PROFIT** | **3774091** | **—** |
| **Operating Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing and Sales | 58695 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General and Administrative | 1570419 | 80185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Operating Expense** | **1629114** | **80185** |
| **PROFIT/ LOSS FROM OPERATIONS** | 2144977 | (80185) |
| **Non- Operating Expenses** |  |  |
| **Non-Operating Income** | 11835500.00 |  |
| **NET PROFIT/ LOSS** | $**13980477** | $**(80185)** |
| **NET LOSS PER SHARE** |  |  |
| Basic | $0.0133 | $(0.0001) |
| Diluted | $0.0004 | $(0.0000) |
| **WEIGHTED AVERAGE SHARES OUTSTANDING** |  |  |
| Basic | 1050462845.36 | 767297366 |
| Diluted | 31675154626.18 | 24677663119 |

---

The accompanying notes are an integral part of these audited consolidated financial statements.

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 **ILUSTRATO PICTURES INTERNATIONAL INC.**

**STATEMENT OF STOCKHOLDERS' EQUITY**

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | **Preferred Stock - Class A** | **Preferred Stock - Class A** | **Preferred Stock - Class B** | **Preferred Stock - Class B** | **Preferred Stock - Class D** | **Preferred Stock - Class D** | **Preferred Stock - Class E** | **Preferred Stock - Class E** | **Preferred Stock - Class F** | **Preferred Stock - Class F** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | <br> **Additional Paid in Capital** | <br> **Accumulated Deficit** | <br> **Total Stock Holders' Equity** |
| **Balance as at December 31, 2018<br> (Unaudited)** | 486157831 | $486158 |  | $— |  | $— |  | $— |  | $— |  | $— | $13505 | $(459024) | $40639 |
| Shares issued | 20000000 | 20000 |  |  |  |  |  |  |  |  |  |  | 19825 |  | 39825 |
| Common Shares issued | 47000000 | 47000 |  |  |  |  |  |  |  |  |  |  | (47000) |  |  |
| Common Shares issued for service | 134139535 | 134140 |  |  |  |  |  |  |  |  |  |  | 187464 |  | 321604 |
| Preferred Shares issued to officer |  |  | 10000000 | 10000 |  |  |  |  |  |  |  |  |  |  | 10000 |
| Common Shares issued for note conversion | 80000000 | 80000 |  |  |  |  |  |  |  |  |  |  | (80000) |  |  |
| Net loss for the year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  | (359901) | (359901) |
| **Balance as at December 31, 2019<br> (Unaudited)** | 767297366 | 767297 | 10000000 | 10000 |  |  |  |  |  |  |  |  | 93795 | (818925) | 52167 |
| Preferred Shares - Class D issued to officer |  |  |  |  |  |  | 60741000 | 60741 |  |  |  |  |  |  | 60741 |
| Issuance of Preferred Stock - Class E |  |  |  |  |  |  |  |  | 3172175 | 3172 |  |  | 3169002 |  | 3172174 |
| Net Loss for the year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  | (80185) | (80185) |
| **Balance as at December 31, 2020<br> (Audited)** | **767297366** | $**767297** | **10000000** | $**10000** | $**—** | $**—** | **60741000** | $**60741** | **3172175** | $**3172** | $**—** | $**—** | $**3262797** | $**(899110)** | $**3204897** |
| Common shares issued | 354000000 | 354000 |  |  |  |  |  |  |  |  |  |  |  |  | 354000 |
| **Balance as at March 31, 2021** | 1121297366 | 1121297 | 10000000 | 10000 |  |  | 60741000 | 60741 | 3172175 | 3172 |  |  | 3262797 | (899110) | 3558897 |
| Common shares issued | 100000000 | 100000 |  |  |  |  |  |  |  |  |  |  | 56055 |  | 156055 |
| **Balance as at June 30, 2021** | 1221297366 | 1221297 | 10000000 | 10000 |  |  | 60741000 | 60741 | 3172175 | 3172 |  |  | 3318852 | (899110) | 3714952 |
| Preferred Shares issued |  |  |  |  |  |  |  |  |  |  | 6050000 | 6050 |  |  | 6050 |
| **Balance as at September 30, 2021** | 1221297366 | 1221297 | 10000000 | 10000 |  |  | 60741000 | 60741 | 3172175 | 3172 | 6050000 | 6050 | 3318852 | (899110) | 3721002 |
| Common shares issued | 22233333 | 22233 |  |  |  |  |  |  |  |  |  |  | $345267 |  | 367500 |
| Preferred shares issued |  |  |  |  | 2200000 | 2200 |  |  |  |  |  |  |  |  | 2200 |
| Shares transferred |  |  |  |  |  |  |  |  |  |  | (250000) | (250) |  |  | (250) |
| Net Gain for the year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  | $13980477 | 13980477 |
| **Balance as at December 31, 2021** | **1243530699** | $**1243531** | **10000000** | $**10000** | **2200000** | $**2200** | **60741000** | $**60741** | **3172175** | $**3172** | **5800000** | $**5800** | $**3664118** | $**13081367** | $**18070929** |

---

The accompanying notes are an integral part of these audited consolidated financial statements.

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**ILUSTRATO PICTURES INTERNATIONAL INC.**

**STATEMENT OF CASH FLOWS**

 ****

---

| | | |
|:---|:---|:---|
| | **December 31, 2021** | **December 31, 2020** |
| | **(Audited)** | **(Audited)** |
| <br>**CASH FLOWS FROM OPERATING ACTIVITIES** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Loss | $13980477 | $(80185) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustment to reconcile net gain (loss) to net cash |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non Cash Stock Compensation Expense |  | 60741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealised Loss on Assets | (11835500) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation Expense | 4577 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gratuity Provision | 31043 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance cost | 149724 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discount on convertible Notes | 276018 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in Assets and Liabilities, net |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Assets | (13769621) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | (399319) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Liabilities | 10093649 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in Accrued Liabilities | (6304) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in Deferred Liabilities | (26003) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in Real estate earnest funds | (3500) |  |
| Net cash (used in) provided by operating activities | **(1504759)** | **(19444)** |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Addition of Fixed Assets | (1465216) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Realisation of Dues From Officer |  | 20760 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment in Dear Cashmere Holding Co. | (164500) |  |
| Net cash (used In) provided by investing activities | **(1629716)** | **20760** |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fund raised through notes | 2850000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock Issued | 476233 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stock Issed | 8250 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer of Preferred Stock | (250) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Finance cost | (149724) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Discount on convertible Notes | (276018) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional Paid Up Capital | 401321 |  |
| Net cash (used in) provided by financing activities | **3309812** | **—** |
| Net change in cash, cash equivalents and restricted cash | 175336 | 1316 |
| Cash, cash equivalents and restricted cash, beginning of the year | 1332 | 16 |
| Cash, cash equivalents and restricted cash, end of the year | $**176668** | $**1332** |
| **Reconciliation of cash, cash equivalents and restricted cash to the Balance Sheet** |  |  |
| Cash and cash equivalents |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash on Hand | $159841 | $1332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Balances with Banks | 16827 |  |
| Restricted cash, non-current |  |  |
| **Total cash, cash equivalents and restricted cash** | $**176668** | $**1332** |

---

 ****

The accompanying notes are an integral part of these audited consolidated financial statements.

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**ILUSTRATO PICTURES INTERNATIONAL INC.**

**Notes** **to Financial Statements Year Ended December 31, 2021**

**Note 1: Organization, History and Business**

&nbsp;&nbsp;&nbsp;&nbsp;A. We
 were incorporated as a Superior Venture Corp. on April 27, 2010, in the State of Nevada for the purpose of selling wine varietals.
 On November 9, 2012, we entered into an Exchange Agreement with the Ilustrato Pictures Ltd., a British Columbia corporation
 (Ilustrato BC"), whereby we acquired all the issued and outstanding common stock of Ilustrato BC. On November 30, 2012,
 Ilustrato BC transferred all its assets and liabilities to Ilustrato Pictures Limited, our wholly owned subsidiary in Hong Kong
 ("Ilustrato HK"). On November 30.2012, we changed the name to Ilustrato Pictures International, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;B. On
 April 1, 2016,
 Barton Hollow, together with the newly elected director of the issuer, caused
 the Issuer to enter into a letter of Intent
 to merger with Cache Cabinetry,
 LLC, and Arizona limited liability company. Pursuant to the Letter of Intent, the parties
 thereto would endeavor to arrive at, and enter into, a definitive merger agreement providing for the Merger. As an inducement to the members of
 Cache Cabinetry, LLC to enter into the Letter
 of Intent and thereafter transact, the Issuer caused to be issued
 to the members 360,000,000 shares of its common stock.

&nbsp;&nbsp;&nbsp;&nbsp;C. Subsequently,
 on April 6, 2016, the Issuer and Cache Cabinetry, LLC entered into a definitive agreement
 and Plan of Merger (the "Merger Agreement"). Concomitant therewith, the stockholders
 of the Issuer elected Derrick McWIilliams, the President of Cache Cabinetry, LLC Chief Executive
 Officer of the Issuer, who along with Barton Hollow, ratified and approved the Merger Agreement
 and Merger.

&nbsp;&nbsp;&nbsp;&nbsp;D. On
 April 1, 2016, Barton Hollow, together with the newly-elected director of the issuer, caused
 the Issuer to enter into a letter of Intent to merger with Cache Cabinetry, LLC,and Arizona
 limited liability company. Pursuant to the Letter of Intent, the parties thereto would endeavor
 to arrive at, and enter into, a definitive merger agreement providing for the Merger. As
 an inducement to the members of Cache Cabinetry, LLC to enter into the Letter of Intent and
 thereafter transact, the Issuer caused to be issued to the members 360,000,000 shares of
 its common stock.

&nbsp;&nbsp;&nbsp;&nbsp;E. Subsequently,
 on April 6, 2016, the Issuer and Cache Cabinetry, LLC entered into a definitive agreement
 and Plan of Merger (the "Merger Agreement"). Concomitant therewith, the stockholders
 of the Issuer elected Derrick McWIilliams, the President of Cache Cabinetry, LLC Chief Executive
 Officer of the Issuer, who along with Barton Hollow, ratified and approved the Merger Agreement
 and Merger.

&nbsp;&nbsp;&nbsp;&nbsp;F. The
 Merger closed on June 3, 2016. The merger is designed as a reverse subsidiary merger pursuant
 to Section 368(a)(2)(E) of the Internal Revenue Code. That is, upon closing, Cache Cabinetry
 LLC will merger into a newly created subsidiary of the Issuer with the members of Cache Cabinetry,
 LLC receiving shares of the common stock of the Issuer as consideration therefor. Upon closing
 of the Merger, Cache Cabinetry, LLC will be the surviving corporation in its merger with
 the wholly owned subsidiary of the Issuer, therefore has become the wholly owned operating
 subsidiary of the Issuer.

&nbsp;&nbsp;&nbsp;&nbsp;G. On
 November 9th, 2018, the Company entered into a Term Sheet for Plan of Merger and Control
 with Larson Elmore.

&nbsp;&nbsp;&nbsp;&nbsp;H. As
 a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global
 Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO
 of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control
 over activities and books of accounts of Ilustrato Pictures International Inc. from the date
 January 14, 2021. So we are not aware about facts mentioned above vide note no. 1(A), 1(B),
 1(C), 1(D), 1(E), 1(F) and 1(G) 'organization, history and business' as they are related
 to prior to the date on which control over activities and books of accounts of Ilustrato
 Pictures International Inc. were handed over to us. Thus, those events have been reiterated
 as disclosed in previous fillings made by the preceding management of the company with SEC.

&nbsp;&nbsp;&nbsp;&nbsp;I. On June 6, 2020, the Company entered
into a definitive agreement and for conversion of debt with FB Technologies Global, Inc,
the shareholders of FB Technologies Global, Inc. were issued 3,172,175 shares of Class E Preferred. A final tranche of preferred shares
subject to performance to be issued conditional upon audited financials for 2022.

[**Table of Contents**](#toc)

**Note** **2: Summary of significant Accounting Policies**

&nbsp;&nbsp;&nbsp;&nbsp;1. **Revenue Recognition** 

The company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the sale price is fixed or determinable, (iii) collectability is reasonable assured and (iv) goods have been shipped and/or services rendered.

&nbsp;&nbsp;&nbsp;&nbsp;2. Accounts
 Receivable

Accounts receivable is reported at the customers' outstanding balances, less any allowance for doubtful accounts. Interest is not accrued on overdue accounts receivables.

&nbsp;&nbsp;&nbsp;&nbsp;3. Allowance
 for Doubtful Accounts

An allowance for doubtful accounts on accounts receivable is charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses. Management determines the adequacy of the allowance based on historical write off percentages and information collected from individual customers. Accounts receivable are charged off against the allowances when collectability is determined to be permanently impaired.

&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Stock Based Compensation** 

When applicable, the Company will account for stock-based payments to employees in accordance with ASC 718, "Stock Compensation" ("ASC 718"). Stock-based payments to employees include grants of stocks, grants of stock options and issuance of warrants that are recognized in the consolidated statement of operations based on their fair values at the date of grant.

The company account for stock-based payments to non-employees in accordance with ASC 505-50, "Equity-Based Payments to Non-Employees." Stock-based payments to non-employees include grants of stock, grants of stock options and issuances of warrants that are recognized in the consolidated statements of operation based on the value of the vested portion of the award over the requisite service period as measured at its then-current fair value as of each financial reporting date.

The Company calculates the fair value of option grants and warrant issuances utilizing the Binomial pricing model. The amount of stock-based compensation recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest. ASC 718 requires forfeitures to be estimated at the time stock options are granted and warrants are issued to employees and non-employees, and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The term "forfeiture" is distinct from "cancellations" or "expirations" and represents only the unvested portion of the surrendered stock option or warrant. The Company estimates forfeiture rates for all unvested awards when calculating the expenses for the period. In estimating the forfeiture rate, the Company monitors both stock option and warrant exercises as well as employee termination patterns. The resulting stock-based compensation expense for both employee and non-employee awards is generally recognized on a straight-line basis over the period in which the Company expects to receive the benefit, which is generally the vesting period.

[**Table of Contents**](#toc)

&nbsp;&nbsp;&nbsp;&nbsp;5. Earnings
 (Loss) per Share

The Company reports earnings (loss) per share in accordance with ASC Topic 260-10, "Earnings per Share." Basic earnings (loss) per share is computed by dividing income (loss) available to shareholders by the weighted average number of shares available. Diluted earnings (loss) per shares available. Diluted earnings (loss) per share is computed like basic earnings (loss) per share except the denominator is increased to include the number of additional shares that would have been outstanding if the potential shares had been issued and if the additional shares were dilutive

&nbsp;&nbsp;&nbsp;&nbsp;6. Organization and Offering
 Cost

The Company has a policy to expense organization and offering cost as incurred.

&nbsp;&nbsp;&nbsp;&nbsp;7. Cash and Cash
 Equivalents

For purpose of the statements of cash flows, the Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.

&nbsp;&nbsp;&nbsp;&nbsp;8. Fair Value of
 Financial Instruments

The company's financial instruments consist of cash and cash equivalents, accounts receivable, and notes payable. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;**9.** **Concentration of** **Credit Risk** 

The Company primarily transacts its business with one financial institution. The amount on deposit in that one institution may from time to time exceed the federally- insured limit.

&nbsp;&nbsp;&nbsp;&nbsp;10. Use
 of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumption that affect the reported amount of assets and liabilities and disclosure of disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;11. Business
 segment

ASC 280, "Segment Reporting" requires use of the "management approach" model for segments reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The company determines there is no operating segment to be reported as on December 31, 2021 and December 31, 2020.

&nbsp;&nbsp;&nbsp;&nbsp;12. Income
 Taxes

The Company accounts for income tax positions in accordance with Accounting Standards Codification Topic 740, "Income Taxes" ("ASC Topic 740"). This standard prescribes a recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There was no material impact on the Company's financial position or results of operations because of the application of this standard.

&nbsp;&nbsp;&nbsp;&nbsp;13. Leases

The Company accounts for leases with escalation clauses and rent holidays on a straight-line basis in accordance with Accounting Standards Codification (ASC) 840, "Lease". The deferred rent expenses liability associated with future lease commitments was reported under the caption "Other long-term obligation" on our consolidated balance sheet. There is no lease arrangement during the year ending December 31, 2021 and December 31, 2020.

&nbsp;&nbsp;&nbsp;&nbsp;14. Recent
 Accounting Pronouncements

The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company's financial report, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there is proper control in place to ascertain that the Company's financials properly reflect the change. The Company currently does not have any recent accounting pronouncement that they are studying, and feel may be applicable.

&nbsp;&nbsp;&nbsp;&nbsp;15. Rounding Off

Figures are rounded off to the nearest $, except value of EPS and number of shares.

[**Table of Contents**](#toc)

**Note 3: Cash and Cash Equivalents**

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| Cash on hand | $159841 | $1332 |
| Balances with banks | 16827 |  |
| **Total** | $**176668** | $**1332** |

---

**Note 4: Other Current Assets** 

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| Staff Advances | $9310 | $— |
| Inventory: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Closing stock of finished goods | 1046960 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Closing balance of work-in-progress | 62297 |  |
| Inter company loan given | 1524390 |  |
| Accounts receivable | 10077351 |  |
| Advance given to suppliers | 76760 |  |
| Director's current accounts | 797396 |  |
| Deposits | 25942 |  |
| Prepayments | 74553 |  |
| Other current assets | 74663 |  |
| **Total** | $**13769621** | $**—** |

---

---

| |
|:---|
| &nbsp;&nbsp;**Note 5: Goodwill**<br>|
| &nbsp;&nbsp;As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.<br>|
| &nbsp;&nbsp;We do not have any information or supporting evidence for goodwill of $472,651 as on December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, unaudited closing balances of goodwill of $472,651 as on December 31, 2019 have been carried forwarded in the year 2020 and thus in 2021 also. |

---

[**Table of Contents**](#toc)

---

| |
|:---|
| &nbsp;&nbsp;**Note 6: Capital Advances**<br>|
| &nbsp;&nbsp;As on December 31, 2020, Capital advances represents 3,172,175 number of Class E Preferred Stock issued, in advance, at $1 per share amounting $3,172,175 to the shareholders of FB Fire Technologies Ltd. for acquisition of FB Fire Technologies Ltd. <br>|
| &nbsp;&nbsp;Effective control over FB Fire Technologies Ltd., by Ilustrato Picture International Inc., was established as on January 14, 2021. Thus, capital advances are considered as investment in FB Fire Technology Ltd. as on December 31, 2021.<br>**Note 7: Other Assets**<br>|

---

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| Dues From Officer**\*** | $143385 | $143385 |
| <u>Investments:</u> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment in FB Fire Technology Ltd. | 3172175 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment in Dear Cashmere Holding Co. | 164500 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealised loss on assets | 11835500 |  |
| **Total** | $**15315560** | $**143385** |

---

---

| |
|:---|
| &nbsp;&nbsp;\*As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.<br>|
| &nbsp;&nbsp;There has been realization of $20,760 of dues from officer. This transaction has occurred prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, we do not have any information or supporting evidence for that, and remaining balance has been carried forwarded in the year 2020 and thus in 2021 also. |
| &nbsp;&nbsp;There has been realization of $20,760 of dues from officer. This transaction has occurred prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, we do not have any information or supporting evidence for that, and remaining balance has been carried forwarded in the year 2020 and thus in 2021 also. |
| &nbsp;&nbsp;There has been realization of $20,760 of dues from officer. This transaction has occurred prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, we do not have any information or supporting evidence for that, and remaining balance has been carried forwarded in the year 2020 and thus in 2021 also. |

---

**Note 8: Fixed Assets**

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| <u>Tangible Assets</u> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Land and Buildings | $22158 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;Plant and Machineries | 77625 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Furniture, Fixtures and Fittings | 30126 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Vehicles | 2725 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Computer and Computer Equipments | 42774 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing Assets | 28903 |  |
| <u>Intangible Assets</u> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Intellectual Property Rights | 1249977 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Website | 6112 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade Mark | 240 |  |
| **Total** | $**1460640** | $**—** |

---

---

| |
|:---|
| &nbsp;&nbsp;Balance of fixed assets disclosed in note no. 8, represents its carrying amount which is cost after providing accumulated depreciation and accumulated impairment losses, if any.<br>|
| &nbsp;&nbsp;Company did not own or control any fixed asset as on December 31, 2020. |

---

[**Table of Contents**](#toc)

---

| |
|:---|
| &nbsp;&nbsp;**Note 9: Accrued Liabilities**<br>|
| &nbsp;&nbsp;As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.<br>|
| &nbsp;&nbsp;We do not have any information or supporting evidence for accrued liabilities of $6304 as on December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, unaudited closing balances of accrued liabilities of $6304 as on December 31, 2019 have been carried forward.<br>There is no accrued liability outstanding as of December 31, 2021.<br>|
| &nbsp;&nbsp;**Note 10: Deferred Liabilities**<br>|
| &nbsp;&nbsp;As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.<br>|
| &nbsp;&nbsp;We do not have any information or supporting evidence for deferred liabilities of $26003 as on December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, unaudited closing balances of deferred liabilities of $26003 as on December 31, 2019, have been carried forward.<br>There is no deferred liability outstanding as of December 31, 2021.<br>|
| &nbsp;&nbsp;**Note 11: Real Estate Earnest Funds**<br>|
| &nbsp;&nbsp;As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.<br>|
| &nbsp;&nbsp;<br> We do not have any information or supporting evidence for real estate earnest funds of $3500 as on December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, unaudited closing balances of real estate earnest funds of $3500 as on December 31, 2019, have been carried forward.<br>|
| &nbsp;&nbsp;There is no real estate earnest fund outstanding as of December 31, 2021.<br>|

---

[**Table of Contents**](#toc)

&nbsp;&nbsp;**Note 12: Notes Payable**<br>

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| Promissory Notes Payable | $500000 | $— |
| Notes issued to GPL Ventures LLC.**\*** | 215232 | 215232 |
| Other Notes Payable**\*\*** | 2683606 | 333606 |
| **Total Notes Payable** | $**3398838** | $**548838** |

---

\* Schedule of Notes issued to GPL Ventures LLC.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Sr. No.** | **UID** | **Issue Date** | **Maturity Date** | **December 31, 2021** | **December 31, 2020** |
| 1 | GPL-ILUS-NM-N04-0719 | July 9, 2019 | July 9, 2020 | $15000 | $15000 |
| 2 | GPL-ILUS-AD-N01-1218 | December 20, 2018 | December 20, 2019 | 3000 | 3000 |
| 3 | GPL-ILUS-NM-N03-0419 | April 04, 2019 | April 04, 2020 | 12232 | 12232 |
| 4 | GPL-ILUS-NM-N02-0119 | January 17, 2019 | January 17, 2020 | 5000 | 5000 |
| 5 | GPL-ILUS-NM-N05-0919 | September 12, 2019 | September 12, 2020 | 180000 | 180000 |
| Total Notes issued to GPL Ventures LLC. | Total Notes issued to GPL Ventures LLC. | Total Notes issued to GPL Ventures LLC. | Total Notes issued to GPL Ventures LLC. | $215232 | $215232 |

---

---

| |
|:---|
| &nbsp;&nbsp;Although above notes issued to GPL ventures LLC are already matured, balance in respect of them are still outstanding and appearing in the balance sheet as there was no claim by GPL Ventures for maturity proceeds of Notes. |
| &nbsp;&nbsp;\*\*As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021. |
| &nbsp;&nbsp;We do not have any information or supporting evidence for other notes payable of $333,606 as on December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us. Thus, unaudited closing balances of other notes payable of $333,606 as on December 31, 2019, have been carried forward in the year 2020 and thus in the year 2021 also. |

---

[**Table of Contents**](#toc)

&nbsp;&nbsp;**Note 13: Other Current Liabilities**<br>

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| Inter Company Loans Payable | $2578225 | $— |
| Accounts Payable | 6394428 |  |
| Amount Payable to Government Audthorities | 243398 |  |
| Discount on Convertible Notes | 276018 |  |
| Interest on Convertible Notes | 123648 |  |
| Defined Benefit Obligation (Gratuity) | 31043 |  |
| Other Current Liabilities | 477932 |  |
| **Total** | $**10124692** | $**—** |

---

&nbsp;&nbsp;**Note 14: Common stock and Preferred Stock**<br>

In August 2019 the Company's Amended its Articles of Incorporation to authorize it to issue up to two billion (2,000,000,000) shares, of which all shares are common stock, with a par value of one-tenth of one cent ($0.001) per share. The Company also created the following 30,000,000 preferred shares with a par value of $0.001 to be designated Class A, B and C.<br>Class A – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class A share and voting rights of 500 common shares for every 1 preferred class A share. All 10,000,000 preferred class A shares have been issued to the Company's CEO.<br>Class B – 10,000,000 preferred shares that convert at 3 common shares for every 1 preferred class B common share.<br>

Class C – 10,000,000 preferred shares that convert at 2 common shares for every 1 preferred class C common share with voting rights of 100 common shares for every 1 preferred class C share

On February 14, 2020 the Company designated Class D– 60,741,000 preferred shares; par value $0.001 that convert at 500 common shares for every 1 preferred class D common share with voting rights of 500 common shares for every 1 preferred class D share.

On May 28, 2020, the Company designated preferred Class E shares - 5,000,000 preferred shares; par value $0.001; non-cumulative. Dividends are 6% a year commencing a year after issuance. Dividends to be paid annually. Redeemable at $1.00 per share, 2.25% must be redeemed per quarter, commencing one year after issuance, and shall be redeemed at 130% premium to the redemption value. The shares do not have voting rights.

On August 26, 2021, the company amended its Articles of Incorporation to updated authorized Class B preferred shares to 100,000,000 (10,000,000 previously) with par value $0.001 that will be converted at 100 common shares (3 common shares previously) for every 1 preferred Class B Share with voting rights of 100 common shares for every 1 preferred class B share. Dividends to be paid according to the company's dividend policy agreed by the board from time to time.

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&nbsp;&nbsp;**Note 15: Marketing and Sales expenses**

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| &nbsp;&nbsp;Sales and Marketing Cost | $3920 | $— |
| &nbsp;&nbsp;Sales Travelling Expense | 26575 |  |
| &nbsp;&nbsp;Exhibition and Conference charges | 24075 |  |
| &nbsp;&nbsp;Warranty Claims | 4125 |  |
| &nbsp;&nbsp;**Total** | $**58695** | $**—** |

---

&nbsp;&nbsp;**Note 16: General, Administration and Other expenses**

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| &nbsp;&nbsp;Accounting | $— | $2250 |
| &nbsp;&nbsp;Bank Charges | 13802 | 132 |
| &nbsp;&nbsp;Compensation |  | 60741 |
| &nbsp;&nbsp;Computer & Internet expense |  | 42 |
| &nbsp;&nbsp;Management and Consultancy Expense | 125671 | 1500 |
| &nbsp;&nbsp;Dues & Subscriptions |  | 20 |
| &nbsp;&nbsp;Discount on Convertible Notes | 276018 |  |
| &nbsp;&nbsp;Depreciation Expense | 4577 |  |
| &nbsp;&nbsp;Employee Benefit Expenses | 449660 | 10712 |
| &nbsp;&nbsp;Entertainment Expense | 17791 |  |
| &nbsp;&nbsp;Foreign Exchange Loss | 38143 |  |
| &nbsp;&nbsp;Filing Fees |  | 2829 |
| &nbsp;&nbsp;Fuel Charges | 32057 |  |
| &nbsp;&nbsp;Finance Cost | 149724 |  |
| &nbsp;&nbsp;Insurance Expense | 1586 |  |
| &nbsp;&nbsp;Internet Charges | 542 |  |
| &nbsp;&nbsp;IT Support and Service Charges | 24735 |  |
| &nbsp;&nbsp;Meals & Entertainment |  | 132 |
| &nbsp;&nbsp;Office Supplies |  | 378 |
| &nbsp;&nbsp;Printing, Stationary and Postage Charges | 3752 | 68 |
| &nbsp;&nbsp;Legal and Professional Fees | 210763 | 2250 |
| &nbsp;&nbsp;Rent | 20943 |  |
| &nbsp;&nbsp;Storage |  | 208 |
| &nbsp;&nbsp;Sponsorship Fees | 1816 |  |
| &nbsp;&nbsp;Telephone Expense | 9375 |  |
| &nbsp;&nbsp;Transfer Agent Fees |  | 9035 |
| &nbsp;&nbsp;Travelling and Transportation Expense | 164794 | 600 |
| &nbsp;&nbsp;Trade License Expense | 2836 |  |
| &nbsp;&nbsp;Utility Charges | 1775 |  |
| &nbsp;&nbsp;Miscellaneous Expense | 20058 |  |
| &nbsp;&nbsp;**Total** | $**1570419** | $**90897** |

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---

| |
|:---|
| &nbsp;&nbsp;**Compensation expenses**<br>|
| &nbsp;&nbsp;Compensation expenses of $60,741 for the year ending December 31, 2020, represents preferred stock - Class D issued at par to Larson Elmore, CEO of Company. There were no other employee benefits expenses incurred during the year ending December 31, 2020. |
| &nbsp;&nbsp;**Expenses other than compensation**<br>|

---

As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.

We do not have any information or supporting evidence for the expenses (other than compensation) of $19,444 for the year ending December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us.

&nbsp;&nbsp;**Note 17: Net Loss Per Share** <br>

---

| | | |
|:---|:---|:---|
| **Particulars** | **December 31, 2021** | **December 31, 2020** |
| **<u>Basic EPS</u>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Numerator |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income / (loss) | 13980477 | (80185) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Income attributable to common stock holders | $13980477 | $(80185) |
| &nbsp;&nbsp;&nbsp;&nbsp;Denominator |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weighted average shares outstanding | 1050462845 | 767297366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number of shares used for basic EPS computation | 1050462845 | 767297366 |
| **Basic EPS** | $**0.0133** | $**(0.0001)** |
| **<u>Diluted EPS</u>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Numerator |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income / (loss) | 13980477 | (80185) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Income attributable to common stock holders | $13980477 | $(80185) |
| &nbsp;&nbsp;&nbsp;&nbsp;Denominator |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number of shares used for basic EPS computation | 1050462845 | 767297366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conversion of Class A prefered stock to common stock | 30000000 | 30000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conversion of Class B prefered stock to common stock | 65589041 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conversion of Class D prefered stock to common stock | 30370500000 | 23880365753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conversion of Class F prefered stock to common stock | 158602740 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number of shares used for diluted EPS computation | 31675154626 | 24677663119 |
| **Diluted EPS** | $**0.0004** | $**(0.0000)** |

---

[**Table of Contents**](#toc)

&nbsp;&nbsp;**Note 18: Related Party Transactions**

 ****

1) During year ended December 31, 2021, FB Technologies Global Inc converted 220,000,000 common stocks into 2,200,000 Class B Preferred stock.

2) 60,741,000 number of Class D Preferred Stock issued to Larson Elmore, at 0.001$ per share amounting to $60,741, towards compensation expense during the financial year ending on December 31, 2020. We do not have any information or supporting evidence other than this for the year ending December 31, 2020, as it was prior to the date on which control over activities and books of accounts of Ilustrato Pictures International Inc. were handed over to us.

3) As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures Internatinal Inc. on January 14, 2021, and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021.

 ****

&nbsp;&nbsp;**Note 19: Commitment and Contingencies**

 ****

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>Contingencies towards government authorities</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a part of share purchase arrangement between Lee Larson Elmore and FB Technologies Global Inc., Nick Link, the owner of FB Technologies Global Inc. replaced Lee Larson Elmore as CEO of Ilustrato Pictures International Inc. on January 14, 2021 and we eventually got control over activities and books of accounts of Ilustrato Pictures International Inc. from the date January 14, 2021. |

---

 ****

Due to above facts, we lack many information and evidence to support the assertions of financial statements and there are chances that preceding management of the company might have missed compliances for which we are not aware. Thus, company may have to bear consequences for that from authorities. We cannot reasonably ascertain amount for those contingencies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) We are not aware about any other commitments or contingencies may took place in future as a result of past transactions by preceding management.

&nbsp;&nbsp;**Note 20: Going Concern**

&nbsp;&nbsp;The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has incurred operating losses, and as of December 31, 2020, the Company also had a working capital deficit and an accumulated deficit. These factors raise substantial doubt about the Company's ability to continue as a going concern.<br>

Management also believes the Company needs to raise additional capital for working capital purpose. There is no assurance that such financing will be available in the future. The conditions described above raise substantial doubt about our ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

[**Table of Contents**](#toc)

 ****

**(b) Exhibits.**

2.1 [Share Purchase Agreement, dated December 13,.2022](ex2_1.htm)

2.2 [Share Purchase Agreement, dated April 13,.2021](ex2_2.htm)

2.3 [Share Purchase Agreement, dated January 1. 2022](ex2_3.htm)

2.4 [Share Purchase Agreement, dated December 23,.2021](ex2_4.htm)

2.5 [Share Purchase Agreement, dated January 26,.2021](ex2_5.htm)

2.6 [Share Purchase Agreement, dated January 26,.2021](ex2_6.htm)

2.7 [Share Purchase Agreement, dated February 15, 2022](ex2_7.htm)

2.8 [Share Purchase Agreement, dated May 10, 2020](ex2_8.htm)

2.9 [Share Purchase Agreement, dated January 18, 2023 (2)](https://www.sec.gov/Archives/edgar/data/1496383/000166357723000019/ex2_1.htm)

2.10 [Share Purchase Agreement, dated January 27, 2023 (3)](https://www.sec.gov/Archives/edgar/data/1496383/000166357723000046/ex2_1.htm)

3.1 [Articles of Incorporation (incorporated by reference to the Form S-1 Registration Statement filed with the SEC on July 16, 2010)](https://www.sec.gov/Archives/edgar/data/1496383/000138038910000033/articlesof_incorporation.htm)

3.2 [Certificate of Amendment, dated April 25, 2012 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_2.htm)

3.3 [Certificate of Amendment, dated February 11, 2013 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_3.htm)

3.4 [Certificate of Change, dated February 12, 2013 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_4.htm)

3.5 [Certificate of Amendment filed by Custodian, dated April 11, 2016 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_5.htm)

3.6 [Certificate of Amendment, dated June 15, 2016 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_6.htm)

3.7 [Certificate of Amendment, dated March 21, 2019 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_7.htm)

3.8 [Certificate of Amendment, dated April 11, 2019 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_8.htm)

3.9 [Certificate of Designation for preferred Classes A, B and C, dated August 5, 2019 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_9.htm)

3.10 [Certificate of Amendment, dated February 2, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_10.htm)

3.11 [Certificate of Designation for preferred Classes D, dated February 14, 2020 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_11.htm)

3.12 [Certificate of Amendment, dated March 2, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_12.htm)

3.13 [Certificate of Designation for preferred Class E, dated May 28, 2020 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_13.htm)

3.14 [Amended Certificate of Designation for Class B, dated August 23, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_14.htm)

3.15 [Certificate of Designation for preferred Class F, dated August 24, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_15.htm)

3.16 [Second Amended Certificate of Designation for Class B, dated August 26, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_16.htm)

3.17 [Amended Certificate of Designation for Class F, dated August 26, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex3_17.htm)

3.18 [Bylaws (incorporated by reference to the Form S-1 Registration Statement filed with the SEC on July 16, 2010)](https://www.sec.gov/Archives/edgar/data/1496383/000138038910000033/bylaws.htm)

4.1 [Convertible Promissory Note, dated June 14, 2021 with GPL Ventures LLC (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_1.htm)

4.2 [Convertible Promissory Note, dated September 10, 2021 with AES Capital Management, LLC (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_2.htm)

4.3 [First Amendment to Convertible Promissory Note, dated October 28, 2021 with AES Capital Management, LLC (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_3.htm)

4.4 [Convertible Promissory Note, dated January 28, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_4.htm)

4.5 [Convertible Promissory Note, dated February 4, 2022 with Discover Growth Fund, LLC (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_5.htm)

4.6 [Convertible Promissory Note, dated April 26, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_6.htm)

4.7 [Convertible Promissory Note, dated May 20, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_7.htm)

4.8 [Convertible Promissory Note, dated May 27, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_8.htm)

4.9 [Convertible Promissory Note, dated June 1, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_9.htm)

4.10 [Convertible Promissory Note, dated July 12, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_10.htm)

4.11 [Convertible Promissory Note, dated August 10, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_11.htm)

4.12 [Convertible Promissory Note, dated September 21, 2022 with RB Capital Partners Inc. (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_12.htm)

4.13 [Common Share Purchase Warrant, dated February 22, 2022 to Discover Growth Fund, LLC (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex4_13.htm)

4.14 [Convertible Promissory Note, dated August 25, 2022 with RB Capital Partners Inc](ex4_14.htm) .

4.15 [Convertible Promissory Note, dated November 14, 2022 with RB Capital Partners Inc.](ex4_15.htm)

4.16 [Convertible Promissory Note, dated December 2, 2022 with AJB Capital Investments, LLC](ex4_16.htm)

4.17 [Convertible Stock Purchase Warrant, dated December 2, 2022 with AJB Capital Investments, LLC](ex4_17.htm)

10.1 [Amended Employment Agreement with Nicholas Link, dated January 14, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex10_1.htm)

10.2 [Amended Employment Agreement with John-Paul Backwell, dated July 1, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex10_2.htm)

10.3 [Amended Employment Agreement with Louise Bennett, dated February 1, 2021 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex10_3.htm)

10.4 [Amended Employment Agreement with Krishna Moorthy, dated February 2, 2022 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex10_4.htm)

10.5 [Employment Agreement with Carsten Falk, dated June 1, 2022 (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex10_5.htm)

10.6 [Lease Agreement with Ass, dated May 17, 2022](ex10_6.htm)

10.7 [Lease Agreement with Bullhead, dated December 22, 2021](ex10_7.htm)

10.8 [Lease Agreement with Firebug, dated May 24, 2022](ex10_8.htm)

10.9 [Lease Agreement with Georgia Fire & Rescue Supply, dated March 17, 2022](ex10_9.htm)

10.10 [Lease Agreement with ILUS, dated July 21, 2022](ex10_10.htm)

10.11 [Lease Agreement with Quality Industrial, dated October 31, 2021](ex10_11.htm)

10.12 [Lease Agreement with Quality International, dated June 6, 2022](ex10_12.htm)

10.13 [Lease Agreement with Quality International, dated September 13, 2020](ex10_13.htm)

10.14 [Lease Agreement with Quality International, dated September 13, 2020](ex10_14.htm)

10.15 [Lease Agreement with Quality International, dated September 13, 2020](ex10_15.htm)

10.16 [Lease Agreement with Quality International, dated September 6, 2018](ex10_16.htm)

10.17 [Lease Agreement with Quality International, dated September 6, 2018](ex10_17.htm)

10.18 [Lease Agreement with Quality International, dated September 6, 2018](ex10_18.htm)

10.19 [Lease Agreement with Quality International, dated September 6, 2018](ex10_19.htm)

14.1 [Code of Ethics (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex14_1.htm)

21.1 [List of Subsidiaries (1)](https://www.sec.gov/Archives/edgar/data/1496383/000166357722000600/ex21_1.htm)

23.1 [Consent of PIPARA & CO LLP, dated January 31, 2023\*](ex23_1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Incorporated
 by reference to the Registration Statement on Form 10 filed with the Securities and Exchange Commission on October 19, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Incorporated
 by reference to the Registration Statement on 8-K filed with the Securities and Exchange Commission on January 18, 2023

(3) Incorporated
 by reference to the Registration Statement on 8-K filed with the Securities and Exchange Commission on January 31, 2023

[**Table of Contents**](#toc)

**SIGNATURES**

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

Ilustrato Pictures International, Inc.

---

| | |
|:---|:---|
| By: | */s/ Nicolas Link* |
|  | Name: Nicolas Link<br> Title: Chief Executive Officer <br> Date: February 1, 2023  |

---

## Exhibit 2.1

**<u>SHARE PURCHASE AGREEMENT</u>**

This Share Purchase Agreement (this **"Agreement")** is made and entered into as of December **13, 2022,** by and among:

**<u>llustrato Pictures International Inc.,</u>** a Nevada corporation **("ILUS")** represented by Mr. John-Paul Backwell as the authorized representative and signatory for and on behalf of the company (the **"Purchaser"),** on the other hand,

**<u>AL Shola Al Modca Safety and Security LLC,</u>,** a United Arab Emirates company ("ASSS") represellted by Mr. Sanjeeb Safir as the authorized representative and signatory for and on behalf of the company {the "Seller") on the other hand.

**(the Purchaser and the Seller will be collectively referred to as the "Parties" and individually as the "Party")**

This Agreement sets forth the terms and conditions upon which the Seller is selling to the Purchaser and the Purchaser is purchasing from the Seller 51 **%** ownership of **<u>AL Shola Al Modca Safety and Security LLC,</u>** a company registered in United Arab Emirates (license no **616435)** (the **"Company"),** constituting fifty-one percent of the outstanding capital stock of the Company. (Hereinafter referred to as the **"Shares").**

In consideration of the mutual agreements contained herein, the parties herby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>SALE OF THE SHARES</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 <u>Shares being Sold</u>. Subject to the terms and conditions of this Agreement, the Purchaser hereby agrees to purchase the Shares f<sup>r</sup>om the Seller and the Seller agrees to sell the Shares to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.02** <u>Purchase Price</u>. The Parties have agreed the valuation for the company is **$1.400.000** (One Million Four Hundred Thousand USD) (Exhibit **I),** therefore the "Purchase Price" of **51**% shares is **$714,000** (Seven Hundred Fourteen Thousand USD), which is payable as part payments as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <u>Tranche</u> | &nbsp;&nbsp;Timeframe and Conditions | &nbsp;&nbsp;<u>Amount</u> | Paid By | &nbsp;&nbsp;Paid To |
| **1** | &nbsp;&nbsp;Payment within **7** days of closing proposed transaction - Time of | &nbsp;&nbsp;**$100000** | ILUS | &nbsp;&nbsp;ASSS |
|  | &nbsp;&nbsp;&nbsp;signing SPA. |  |  |  |
| **2** | &nbsp;&nbsp;To be Paid as a Loan to the Seller within **45** days atter signing the | &nbsp;&nbsp;**$306000** | ILUS | &nbsp;&nbsp;ASSS |
|  | &nbsp;&nbsp;SPA and Loan Agreement (Exhibit **3).** The loan |  |  |  |
|  | &nbsp;&nbsp;would be converted into Equity if the Company meets the |  |  |  |
|  | &nbsp;&nbsp;agreed Revenue Forecast (Exhibit **2)** and achieves a valuation of |  |  |  |
|  | &nbsp;&nbsp;&nbsp;**$2,000,000** (Two Million USD), until then It would be considered |  |  |  |
|  | &nbsp;&nbsp;a loan. Repayment of the Loan shall be made as per the Loan |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Agreement (Exhibit 3) before disbursement of dividends. |  |  |  |
| **3** | &nbsp;&nbsp;Paid after end of **H** **l. 2023,** provided forecasted revenue and | &nbsp;&nbsp;&nbsp;**$200000** | ILUS | &nbsp;&nbsp;ASSS |
|  | &nbsp;&nbsp;&nbsp;EBITDA forecasts are met for the first **6** months of **2023.** (Exhibit 2) |  |  |  |
| **4** | &nbsp;&nbsp; Paid after end of **2023,** provided forecasted revenue and EBITDA<br> forecasts are met for **2023.** (Exhibit 2) | &nbsp;&nbsp;&nbsp;**$200000** | ILUS | &nbsp;&nbsp;ASSS |
| **5** | &nbsp;&nbsp;&nbsp;Paid after end of **Hl 2024,** provided forecasted revenue and | &nbsp;&nbsp;&nbsp;**$214000** | ILUS | &nbsp;&nbsp;ASSS |
|  | &nbsp;&nbsp;&nbsp;EBITDA forecasts are met for the first **6** months of **2023.** (Exhibit **2)** |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.03 <u>Transfer</u> <u>of</u> <u>S</u><u>h</u><u>a</u><u>r</u><u>es</u>. Seller will transfer 51% of the Shares to the Purchaser at the closing of this transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.04 Book of accounts will be maintained by ILU S.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.05 <u>C</u> <u>omp</u> <u>osit</u> <u>i</u> <u>o</u> <u>n</u> <u>of Board of Director</u> <u>s</u> 

Five Directors -out of which: Three from ILUS and Two from ASSS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.06 <u>C</u><u>l</u><u>os</u><u>in</u><u>g</u>. The Closing of the transactions shall take place when both parties have signed this Share Purchase Agreement and the Loan Agreement (Exhibit 3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.07 <u>Delivery</u> <u>b</u><u>y</u> <u>th</u><u>e Se</u><u>ll</u><u>er</u>. The Seller shall deliver the Shares to the Purchaser at closing of proposed transaction, as described in Section 1.03 above. Trade License of the company shall have 51% share capital in the name of Ilustrato Pictures International Inc.' owned company ILUS INDUSTRIES HOLDING LTD, incorporated under ADGM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.08 <u>Prin</u><u>c</u><u>ipal Loan</u> <u>Amount</u>. $306,000 (Three Hundred Six Thousand USD). To be Paid as a loan within 45 days after signing the SPA and loan agreement (Exhibit 3). The loan would be converted into Equity if the Company meets the agreed Revenue Forecast (Exhibit 2) and achieves a valuation of$2,000,000 (Two Million USD), until then it would be considered a loan.

1.09 <u>Loan Repayment Terms</u>. ASSS will make payment along with Interest, if any, lo ILUS from the revenue proceeds before disbursement of dividends in four yearly equal installments, starting from year 2023 (as per the Loan Agreement in Exhibit 3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>RELATED TRANSACTIONS</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.0I <u>Finder</u><u>s</u>. The Seller and the Purchaser acknowledge, respectively, that there were no finders with respect to the transaction contemplated herein that either is obligated to.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.02 <u>Other Purchasers</u>. The Seller acknowledges that ii has not solicited any other Purchaser lo purchase 51% shares of the Company besides the Purchaser. The Seller further acknowledges that there has been noninfluence exerted over the Seller by any officer or director of the Company regarding the sale of Seller's Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>REPRESENTATIONS AND WARRANTIES</u> <u>OF SELLER</u> 

The Seller, individually and jointly, hereby represents and warrants as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.01 <u>The</u> <u>S</u><u>h</u><u>ares</u>. Immediately prior to and at the Closing, the Seller shall be the legal and beneficial owner of the 51% shares of AL Shola Al Modea Safety and Security LLC, and on the Closing, the Seller shall transfer lo the Purchaser the 5 I% shares of the Company, free and clear of all liens, restrictions, encumbrances, covenants or adverse claims of any kind or character.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.02 <u>Authority</u>. The Seller has the legal power and authority to execute and deliver this Agreement and all other documents required lo be executed and delivered by the Seller hereunder and lo consummate the transaction contemplated in this Agreement in accordance with Clause 1.06

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.03 Adverse Effect. To the best of the knowledge, information and belief of the Seller there a no circumstances that may result in any material adverse effect to the Company or the value of the 51% shares that are now in existence or may hereafter arise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.04 <u>A</u><u>ffili</u><u>a</u><u>t</u><u>e</u>. The Seller is or has not been during the past ninety (90) days, an officer, director, 10% or greater shareholder or "affiliate" of the Company, as that term is defined in Rule 144 promulgated under the United Slates Securities Act of 1933, as amended (the "Securities Act").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.05 <u>Full</u><u>y</u> <u>Dilu</u><u>ted; No</u> <u>Pr</u><u>ee</u><u>mpti</u><u>ve</u> <u>Ri</u><u>g</u><u>ht</u><u>s</u>. The Seller docs nut now, nor will ii prior to or on the Closing, own. either directly or indirectly, or exercise direction or control over any common shares or preferred shares of the Company other than the 51% shares to be sold to the Purchaser. No person fiirm or corporation has any right, agreement, warrant or option, present or future, contingent or absolute, or any right capable of becoming a right, agreement or option to require the Company to issue any shares in its capital ur to convert any securities of the Company or of any other company into shares in the capital of the Company. There are no pre-emptive rights in favor of m1y person to purchase shares of the Company's capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.06 <u>Titl</u><u>e to</u> <u>A</u><u>sse</u><u>t</u><u>s</u>. The Company has good and marketable title to all of its assets, and such assets arc free and clear of any financial encumbrances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.07 <u>Coopera</u><u>tion</u>. The Seller agrees to execute and deliver such other documents and to perform such other acts as shall be necessary to effectuate the purposes of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.08 <u>C</u><u>l</u><u>a</u><u>im</u><u>s</u>. There are no claims threatened or against or affecting the Company nor are there any actions, suits, judgments, proceedings, or investigations pending or, threatened against or affecting the Company, at law or in equity, before or by any Court, administrative agency or other tribunal or any governmental at11hority or any legal basis for same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.09 <u>No V</u><u>i</u><u>o</u><u>lati</u><u>on</u>. The execution and delivery of this Agreement by the Seller, and the consummation of the transactions contemplated hereby have been duly authorized. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will constitute a violation or default under any te1m or provision of any contract, commitment, indenture, other agreement or restriction of any kind or character to which the Seller is a party or by which the Seller is bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10 <u>I</u><u>nde</u><u>bt</u><u>ed</u><u>n</u><u>ess</u>. the Seller is not indebted to the Company and the Company is not indebted 10 the Seller.

3.11 <u>D</u><u>i</u><u>s</u><u>cl</u><u>os</u><u>ur</u><u>e</u>. Seller represents and warrants that it has provided the Purchaser the documents of due diligence requested by Purchaser as part of the fair disclosure and further agrees all material facts, information and documents related the Company and its securities must be disclosed to the Purchaser regardless of whatsoever reasons including the domestic and international judicial proceedings the company is party to. No representation or warranty by the Seller contained in this Agreement, and no statement contained in any instrument, list, certificate, or writing furnished to the Purchaser pursuant to the due diligence provisions hereof or in connection with the transaction contemplated in this Agreement, contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained herein or therein not misleading or necessary in order to provide a prospective purchaser with all proper information as to the Company and its affairs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>REPRESE</u>**  **<u>NTA</u> <u>TIO</u> <u>NS AN</u> <u>D W</u> <u>A</u> <u>RRAN</u> <u>T</u> <u>IE</u> <u>S</u> <u>B</u> <u>Y</u> <u>PUR</u> <u>C</u> <u>HA</u> <u>SE</u> <u>R</u>** 

Purchaser hereby represents and warrants as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.01 <u>A</u><u>uth</u><u>o</u><u>rit</u><u>y; No V</u><u>i</u><u>o</u><u>l</u><u>a</u><u>ti</u><u>o</u><u>n</u>. The execution and delivery of this Agreement by the Purchaser and the consummation of the transactions contemplated hereby by Purchaser has been duly authorized. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will constitute a violation or default under any term or provision of any contract, commitment, indenture, other agreement or restriction of any kind or character to which any of the individual Purchaser is a party or by which any of the individual Purchaser is bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.02 <u>Representations Regarding the Acquisition of the Shares.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Purchaser understands the spcu1lativc nature and the risks of investments associated with the Co1npuny and confirms that it can bear the risk of the investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Purchaser has had the opportunity to ask questions and receive information and documents of the Seller and the related sale transaction and receive additional information about the company the Company or could acquire it without unreasonable effort or expense necessary to evaluate the merits and risks of any such purchase. Further, the Purchaser has been given an opportunity to question the Seller and receive related documentation to the purchase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In evaluating the merits of the purchase of the Shares of the company the Company, Purchaser has relied solely on his, her or its own investigation concerning the company the Company and has not relied upon any representations provided by the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>SU</u> <u>R V I VA L OF R E</u> <u>PR</u> <u>ESEN</u> <u>T</u> <u>A</u> <u>TIO</u> <u>NS</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.0 I <u>S</u><u>urvi</u><u>v</u><u>al</u> <u>of</u> <u>R</u><u>e</u><u>pr</u><u>ese</u><u>ntati</u><u>ons</u>. All representations,warranties, and agreements made by any party in this Agreement or pursuant hereto shall survive the execution and delivery hereof and any investigation at any time made by or on behalf of any party until payment of the fifth tranche.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>ADDITIO</u> <u>N AL C ONDITIO NS TO C</u> <u>LO</u> <u>S</u> <u>I</u> <u>N</u> <u>G</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.01 <u>Obligation of Purchaser to Close</u>. The Purchaser shall not be obligated to close this transaction when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Purchaser is satisfied, following reasonable investigation, that all the representations of Seller as of the date of execution of this Agreement and as of the date of Closing under this Agreement ore true and correct in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Purchaser has received to its reasonable satisfactory documentation that the Company's board of directors has approved of the sale of the Shares of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Purchaser has received to its reasonable satisfaction u legal opinion from Seller's legalcounsel that the sale of the Shares of the Company is valid, legal and enforceable and free from any liens, encumbrances, judicial enforcement and charges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Pur c h ase r
h as r ece i ve d
a ce rtifi ca t e
o f go od s t a ndin g for th e
Co m p an y.

(c) Purchaser has received document from the Seller listing all known material facts, risks, assessments, actions, deficiencies or legacy issues of the Company which has a detrimental effect of over SI00,000 USD (One Hundred Thousand United States Dollars).

(t) Purchaser has received document from the Seller listing all domestic and international judicial proceedings of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Purchaser has received combination that all corporate approvals are in place to appoint board seats, as provided in Section 1.05 of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Purchaser has received, or Seller hereby promises that it will make available after execution of this Agreement and no later than 60 calendar days after Closing, audited financial statements of the Company by a PCAOB qualified third party independent auditor for the past two completed fiscal years, along with unaudited but reviewed interim financials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.02 <u>O</u><u>bligation of Seller to Close</u>. The Seller shall be obligated to close this transaction unless it is not satisfied, following reasonable investigation, that all the representations of the Purchaser as of the date of execution of this agreement and as of the date of Closing under this Agreement are true and correct in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.  **<u>NON-DIS</u>**  **<u>C</u> <u>LOSUR</u> <u>E;</u> <u>NON-COMPETITION RELATING TO THE</u> <u>B</u> <u>US</u> <u>I</u> <u>NESS;</u> <u>ACCESS TO</u> <u>RECORDS</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.01 From and after the Closing, Seller, which shall include the officers, directors, and shareholders of Seller, who are signatories to this Agreement as to this Section 7.01, shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for a period of two years from the Closing, in any manner, either directly or indirectly, divulge, disclose, or communicate to any person, except the authorized attorneys, accountants, or representatives of Seller who have a need to know in connection with their respective services for Seller, in any manner whatsoever, any Confidential Information (as defined in this Section).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for a period of two years from and after the Closing, in any manner, either directly or indirectly, as an owner, partner, officer, director, consultant, agent, employee, independent contractor, or equity holder (as applicable) of any person, engage in the business of developing, marketing, distributing, or selling products or services related to the business of the Company or Purchaser, anywhere within the United Arab Emirates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) for a period of two years from and after the Closing, in any manner, either directly or indirectly, solicit any employee or consultant of the Company or Purchaser to work for any person other than Purchaser or the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) for a period of two years from the Closing, induce or persuade any customer or supplier of the Company or Purchaser to terminate its relationship with Purchaser or the Company, as the case may be, or to enter into any relationship with any other person engaged in the business of developing, marketing, distributing, or selling products or services related to the business of the Company and Purchaser, anywhere within the United Arab Emirates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of this Section 7.01, "Confidential Information" means any information not in the public domain concerning any matters affecting or relating to the business of the Company and Purchaser, including, but not limited to, inventions, trade secrets, confidential knowledge, data, or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, source code, databases, other original works of authorship, records, ideas and research relating to design, coding, operation, use, installation, or maintenance of computer software or proposed computer software products of the business, any portion of any reports, analyses or other materials generated or used in connection with the business, the prices Seller obtains or has obtained from the sale of, or at which it sells or has sold, its products and services, and listings of any or all of the foregoing, in whatever form, or any other information concerning the business without regard to whether all or any part of the foregoing matter would otherwise be deemed "confidential" or "material," the parties hereto stipulating that, as between them, the same arc confidential and material and significantly affect the effective and successful conduct of the business. If any clause or provision of this Section 7.01 be found unenforceable by a court of competent jurisdiction, shall such clause or provision shall be deemed to be enforceable to the extent permitted by law and every other clause and provision shall continue in full force and effect. Seller acknowledges that the restraints imposed upon it pursuant to this Section 7.01 are no greater than is reasonably necessary to preserve and protect the assets and legitimate business interests of the Company and Purchaser and that such restraints will not impose undue hardship on Seller, and that a violation of this Section by Seller would irreparably injure the Company and Purchaser. Accordingly, the Company and/or Purchaser may, in addition to pursuing its other remedies, obtain an injunction from any court having jurisdiction of the matter against Seller, as applicable, for any such violation without having to prove the inadequacies of relief and no bond or other security shall be required in connection with such injunction

&nbsp;&nbsp;&nbsp;&nbsp;8. <u>OTH</u> <u>E</u> <u>R</u> <u>C</u> <u>O</u> <u>VENAN</u> <u>T</u> <u>S</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.01 <u>finan</u><u>c</u><u>in</u><u>g</u>. Once the buyout amount is paid, as and when required ILUS will arrange up to $1,000,000 (One Million USD) in tranches in the form of debt to meet the expansion and cashflow requirements at an applicable coupon rate. Repayment of the same shall be made from the revenue proceeds from the following year before disbursement of dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.02 <u>Boo</u> <u>k</u> <u>of accou</u> <u>nt</u> <u>s</u> w ill
b e h a ndl e d a nd
maintained by th e Pur c h ase r
(ILU S)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.03 <u>Co</u><u>o</u><u>pera</u><u>tion</u>. Seller shall provide ILUS with accurate details in writing for all legacy issues pertaining to the Company. Seller also agrees to provide ILUS with accurate forecasts in writing on the future performance of the Company (Exhibit 2)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.04 <u>Full</u> <u>Con</u><u>trol</u>. The current management team for the Company will continue to operate, and full operational control will be retained by existing shareholders/managementunless the Board of Directors dcte1111ines otherwise due to a breach of the Shareholders Agreement, ongoing poor performance, or if structural changes are recommended in line with the laws governed by this Agreement, which will be decided and approved by the new Board of Directors.

Further, Composition of Board of Directors shall be in accordance with Clause 1.05: Total Five Directors - Out of which 3 from ILUS and 2 from ASSS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>C</u> <u>LO</u> <u>S</u> <u>ING D</u> <u>E</u> <u>LIVERIES BY S</u> <u>E</u> <u>LLER</u> 

9.1<u>D</u><u>e</u><u>li</u><u>v</u><u>e</u><u>r</u><u>i</u><u>es</u> <u>b</u><u>y SE</u><u>L</u><u>LE</u><u>R</u>. Upon the closing as described in section 1.03, the Seller shall deliver to Purchaser the following, in form and substance reasonably satisfactory to Purchaser and its counsel:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Certificates representing the Shares for a 51% ownership in the Company, together with any share powers endorsed in blank and in proper form required for their transfer and accompanied by all requisite share transfer stamps and such other instruments of transfer, conveyance and assignmentas required by Purchaser, as may be necessary or appropriate to confirm or carry out the provisions of this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>MI</u> <u>SC</u> <u>ELLANEOU</u> <u>S</u> 

10.01 <u>Ex</u><u>penses</u>. Each of the parties shall bear its own expenses incurred in conjunction with the Closing hereunder. Notwithstanding, the information required for the audit for the Company and the expense incurred to appoint a third-party independent auditor will be the joint responsibility of the Company and the Purchaser. Additionally, in the event of a material default by either Seller or Purchaser, the defaulting party agrees to pay the fees incurred by the non-defaulting party, which will pay for the costs of third-party independent legal advisors and legal representations borne by the non-defaulting party for this transaction.

10.02 <u>furth</u><u>er Assurances</u>. From time to time, at the request of the Purchaser and without further consideration, the Seller shall execute and transfer such documents and take such action as the Purchaser may reasonably request to effectively consummate the transactions herein contemplated.

10.03 <u>S</u><u>urvival</u>. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the Closing hereunder notwithstanding any due diligence investigationconducted by or on behalf of the Purchaser. The Company agrees lo indemnify and hold harmless the Purchaser and all their officers, directors, employees and agents for loss or damage arising because of or related to any breach or alleged

breach by the Company or Seller of any of their respective representations, warranties and covenants set forth in this Agreement or any of its covenants and obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.04 <u>P</u><u>a</u><u>rti</u><u>es</u> <u>in Intere</u><u>s</u><u>t</u>. All the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of, and shall be enforceable by the heirs, beneficiaries, representatives, successors, and assigns of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.05 <u>Prio</u><u>r Agree</u><u>m</u><u>ents; Ame</u><u>ndm</u><u>e</u><u>nt</u><u>s</u>. This Agreement supersedes all prior agreements and understandings between the parties with respect to the subject matter hereof. This Agreement may be amended only by a written instrument duly executed by the parties hereto or their respective successors or assigns.

10.06 <u>He</u><u>ad</u><u>ing</u><u>s</u>. The section and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretations of this Agreement.

10.07 <u>Co</u><u>nfidentialit</u><u>y</u>. Each party hereby agrees that all information provided by the other party and identified as "confidential" will be treated as such, and the receiving Party, affiliates, associates, representatives, agents, directors, employees. managers, shareholders and other parties associated with the receiving Party shall not make any use of such information other than with respect to this Agreement. If the Agreement shall be terminated, each party shall return to the other all such confidential information in their possession or will certify to the other patty that all such confidential information that has not been returned has been destroyed.

10.08 <u>No</u><u>tic</u><u>es</u>. All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered or mailed (registered or certified mail, postage prepaid, return receipt requested) to the parties at their address specified on the signature page hereto, with a copy sent as indicated on the signature page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.09 <u>Co</u><u>unterparts</u>. This Agreement may be executed simultaneously in several counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

10.10 <u>Applicable Law</u>. Any dispute, difference, controversy or claim arising out of or in connection with this contract, including (but not limited to) any question regarding its existence, validity, interpretation, performance, discharge and applicable remedies, shall be governed by laws of the Dubai International Financial Centre and subject to the exclusive jurisdiction of the courts of the Dubai International Financial Centre (DIFC). Each of the parties hereby knowingly. voluntarily, and intentionally waives the right such party may have to a trial by jury in respect of any litigation based hereon or arising out of, under, or in connection with this agreement or any course of conduct, course of dealing, statements (whether verbal or written), or actions of any party. This provision is a material inducement for the parties' acceptance of this agreement.

10.11 <u>Survival</u> <u>of Provisions</u>. If any covenant or other provision of this Agreement is invalid. illegal. or incapable of being enforced by reason of any rule of law or public policy, then such covenant or other provision will be severed from and will not affect any other covenant or other provision of this Agreement, and this Agreement will be construed as if such invalid, illegal, or unenforceable covenant or provision had never been contained in this Agreement. All other covenants and provisions of this Agreement will, nevertheless, remain in full force and effect and no covenant or provision will be deemed dependent upon any other covenant or provision unless so expressed herein.

10.12 <u>Spec</u><u>ific P</u><u>e</u><u>rforman</u><u>ce</u>. The Company and the Seller agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause the Purchaser irreparable harm Accordingly, the Parties hereto agree that the Purchaser may, to the fullest extent permitted by law, enforce this Agreement by seeking, among other things, injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, the Purchaser shall not be precluded from seeking or obtaining any other relief to which Indemnitee may be entitled. The Company and the Seller further agree that the Purchaser shall, to the fullest extent permitted by law, be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith.

IN WITNESS WHEREOF. this Agreement has been duly executed and delivered on the date first above written

**<u>PURCHASER:</u>**

**<u>llustrato</u> <u>Pictures International Inc</u>**

**Address:**

**By: /s/ John-Paul Backwell**

**Name: John-Paul Backwell**

**Title: Managing Director**

**SELLER:**

**AL Shola Al Modea Safety and Security LLC** 

**Addess:** 

**By: <u>/s/ Sanjeeb Safir</u>**

**Name: Sanjeeb Safir**

**Title: Managing Director**

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|:---|:---|
| ![](image_238.jpg) | ![](image_239.jpg) |

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Exhibit 1

Basis of Valuation

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALSHOLA ALMODEA SAFETY & SECURITYLLC |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2019** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2019** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2020** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2020** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** | **2025** | **2026** |
| Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD | Figures In USD |
| Revenue | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1449659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531856 | 1773900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2187000 | 2502900 | 2624400 |
| COGS | 895680 | &nbsp;&nbsp;&nbsp;&nbsp;627650.34 | &nbsp;&nbsp;&nbsp;&nbsp;627650.34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041662 | 1206252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1465290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1465290 | 1576827 | 1653372 |
| Gross Profit | **553979** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**469489** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**469489** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**618428** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**618428** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**490194** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**490194** | **567** **,648** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**721710** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**721710** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**926,** **073** | **971028** |
| **Ooeratlonal** **Exo** | 371309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306371 | 354780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415530 | 550638 | 551124 |
| **EBIDTA** | 182670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183823 | 212868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306180 | 375435 | 419904 |
|  | 13% | 7% | 7% | 12% | 12% | 12% | 12% | 12% | 14% | 14% | 15% | 16% |

---

Exhibit 2

Target Financials as per ASSS / Agreed Revenue Forecast to be achieved

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOLA Al MODEA SAFETY &SECURITYllC |
|  | 2019 | 2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | **2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | 2026 | **2027** |
| FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO | FiguresIn USO |
| Revenue | 1449659 | &nbsp;&nbsp;&nbsp;&nbsp;1097140 | 1501140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987747 | &nbsp;&nbsp;&nbsp;2450647 | &nbsp;&nbsp;&nbsp;2804629 | 2940776 | &nbsp;&nbsp;&nbsp;&nbsp;3076923 |
| COGS | 895680 | &nbsp;&nbsp;&nbsp;627650.34 | 882711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1351668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1351668 | &nbsp;&nbsp;&nbsp;1666440 | &nbsp;&nbsp;&nbsp;1907148 | 1999728 | 2092308 |
| Gross Profit | **553979** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**469489** | **618428** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**490194** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**490194** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636079 | 784207 | &nbsp;&nbsp;&nbsp;&nbsp;**897481** | **941048** | **984616** |
| OperallonalExp | 371309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389831 | 433787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397549 | 416610 | &nbsp;&nbsp;&nbsp;&nbsp;476787 | 470524 | 461539 |
| **EB** **IDTA** | 182670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79658 | 184641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238530 | 367597 | &nbsp;&nbsp;&nbsp;&nbsp;420694 | 470524 | 523077 |
|  | 13% | 7% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12%12% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12%12% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12%12% | 12% | 12% | 15% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15% | 16% | 17% |

---

Average Revenuefor 5Years (2023·2027) 2,652,144.63 <br> EBIDTAfor 5Years 2,020,422 <br> Average EBIDTA 404,084.46

Exhibit 3

**<u>LOAN AGREEMENT</u>**

THIS LOAN AGREEMENT is made this 29 day of November 2022. by and among ILUS International Inc (hereinafter, known as "LENDER") and <u>AL Shola</u> <u>Al</u> <u>Modca Safety</u> <u>and</u> <u>Security LLC</u>, a United Arab Emirates company ("ASSS") represented by Mr. <u>Sanjceb Safir</u> (hereinafter, known as "BORROWER"). BORROWER and LENDER shall collectively be known herein as ''The Parties". In delen11ining the rights and duties of the Parties under this Loan Agreement, the entire document must be read as a whole.

FOR VALUE RECEIVED, BORROWER promises to repay to the order of LENDER. loan amount together with interest thereon at the applicable coupon rate.

ADDITIONAL LOAN TERMS

The BORROWER and LENDER, hereby further set forth their rights and obligations to one another under this Loan Agreement and agree to be legal bound as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. <u>Principal</u> <u>Loan Amount</u> $306, 000 (Three Hundred and
 Six Th o u sa nd USD)

The loan would be conve1tcd into the Equity if the B01Tower meets the agreed Revenue Forecast (Exhibit 2) and achieves a valuation of $2,000,000 (Two Million USD) (Refer Share Purchase Agreement dated November 29, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. <u>Loan R</u> <u>e</u> <u>pa</u> <u>y</u> <u>ment</u> <u>Te</u> <u>rm</u> <u>s</u>.

BORROWER will make payment along with Interest if any, lo LENDER from the revenue proceeds before disbursement of dividends in four yearly equal payments, due by the last working day of each calendar year starting 31December 2023 and ending 31 December 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Loan amount o f $3 06 ,0 00 (Three Hundred and Six Th o u s and
 USD) to be di sbu rsed within 45 day s of sig nin g the Share
 Purchase ag reement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. <u>Default</u>.

If the BORROWER fails lo pay any amount due as principal or interest on the date required under this loan agreement, such event shall constitute a Default by the borrower of the tenl1S of this loan agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. <u>Sevcrability</u>.

In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or unenforceability of the remainder of this Agreement. AII remaining provisions of this Agreement shall then continue in full force and effect. If any provision shall be deemed invalid due to its scope or breadth, such provision shall be deemed valid to the extent of the scope and breadth permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. <u>Modification.</u> 

Except as otherwise provided in this document, this agreement may be modified, superseded, or voided only upon the written and signed agreement of the Parties. Further, the physical destruction or loss of this document shall not be construed as a modification or termination of the agreement contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. <u>Exc</u> <u>lu</u> <u>s</u> <u>iv</u> <u>e</u> <u>Jurisdiction for Suit</u> <u>in</u> <u>Case</u> of Breach.,

Any dispute, difference, controversy, or claim arising out of or in connection with this contract, including limited to) any question regarding its existence, validity, interpretation, performance, discharge, an

IN WITNESS WHEREOF. this Agreement has been duly executed and delivered on the date first above written

**<u>PURCHASER:</u>**

**<u>llustrato</u> <u>Pictures International Inc</u>**

**Address:**

**By: /s/ John-Paul Backwell**

**Name: John-Paul Backwell**

**Title: Managing Director**

**SELLER:**

**AL Shola Al Modea Safety and Security LLC** 

**Address:** 

**By: <u>/s/ Sanjeeb Safir</u>**

**Name: Sanjeeb Safir**

**Title: Managing Director**

---

| | |
|:---|:---|
| ![](image_238.jpg) | ![](image_239.jpg) |

---

Exhibit 2

Target Financials as 11er ASSS / Agreed Revenue Forecast to be achieved

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AlSHOlA AL MODEASAFETY &SECURITY UC |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2019** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2019** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2020** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2020** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** | **2024** | **2025** | **2026** | **2027** |
| Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO | Fl2ures In USO |
| Revenue | &nbsp;&nbsp;&nbsp;&nbsp;1449659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987747 | &nbsp;&nbsp;&nbsp;&nbsp;2450647 | &nbsp;&nbsp;&nbsp;&nbsp;2804629 | 2940776 | 3076923 |
| COGS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895680 | &nbsp;&nbsp;&nbsp;&nbsp;627650.34 | &nbsp;&nbsp;&nbsp;&nbsp;627650.34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1351668** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1351668** | &nbsp;&nbsp;&nbsp;&nbsp;1666440 | &nbsp;&nbsp;&nbsp;&nbsp;1907148 | 1999728 | 2092308 |
| **Gro** **ssProfit** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**553979** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**469489** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**469489** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**618428** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**618428** | **490194** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**636079** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**636079** | **784207** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**897481** | **941048** | **984616** |
| Operational**EMp** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433787 | 306371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397549 | 416610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476787 | 470,m | 461539 |
| **EBIDTA** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184641 | 183823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238530 | 367597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420694 | 470524 | 523077 |
|  | 13% | 7% | 7% | 12% | 12% | 12% | 12% | 12% | **IS%** | 15% | **1** **6%** | 17% |

---

Average Revenue forSYears (2023-2027) 2,652,144.63 <br> EBIOTAfor sYears 2,020,422 <br> AverageEBIDTA 404,084.46

## Exhibit 2.2

Sale Agreement

Between

ILUS International Inc called the "Buyer"

and

Narinder Chadha & Partners called the "Seller"

For the purchase

of

Bright Concepts Detection & Protection Systems

called the "Company"

On this day 13 April 2021, it is agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. ILUS international Inc
of United States of America with stock symbol 'ILUS' will purchase 100% of the assets and liabilities and shares of the company with
immediate effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Buyer has made itself comfortable with the
history and the risks of the company and fully accepts all the risks of buying the company "as is" as a going concern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Seller has disclosed all details
and information to the best of their knowledge .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. As due consideration the buyer will pay the seller
250,000AED (Two hundred and fifty thousand Dirhams) immediately on signing this agreement to their nominated bank account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The buyer will also pay the seller 10,000AED (Ten
thousand Dirhams every month for24 months) starting from May 2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Buyer will also issue the seller 1,000,000
(1 million) restricted shares in the buyer's public company in the USA. These shares will be restricted for 12 months as per rule 144
of the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The seller will transfer all assets and liabilities
including receivables and payables to the buyer immediately on closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The buyer and seller will co-operate
in any necessary documentation with authorities with best efforts .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. The buyer will allow the seller to have the right
to remain on the trade license to facilitate visa requirements but have no right to actual control or ownership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The buyer will provide ongoing employment to both
children of the seller Ms.Pooja and Mr . Rahul.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Full support and best efforts will be provided by all parties to each other on a best effort basis.

## Exhibit 2.3

**SHARE PURCHASE AGREEMENT**

**THIS SHARE PURCHASE AGREEMENT** (the "Agreement") made and entered into this <u>23</u> day of <u>December, 2021</u>

 

**BETWEEN:**

Dorothy Lee Chudina of 383 Thorngrove Pike, Kodak, TN37764 with Drivers License 138987094 (Exhibit A)

(the "Seller")

OF THE FIRST PART

and

llustrato Pictures International Inc. of 26 Broadway, New York, NY 10004

(the "Purchaser")

OF THE SECOND PART

**BACKGROUND:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Seller is the owner of
record of 1 (One) full paid share (the "Shares") of Bull Head Products Inc (the "Corporation") with company registration
number 550882 which is registered at 387 Thorngrove Pike, Kodak, TN 37764

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Seller desires to sell
the Shares to the Purchaser and the Purchaser desires to purchase the Shares from the Seller.

**IN CONSIDERATION OF** and as a condition of the parties entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the parties to this Agreement agree as follows:

1) **<u>Purchase and Sale</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Except as otherwise provided in this Agreement, all monetary amounts
referred to in this Agreement are in USD (US Dollars).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The Seller agrees to sell and the Purchaser agrees to purchase all
 the shares owned by the seller in their entirety in the above mentioned corporation including but not limited to all the attached
 rights, benefits, title and interests for a maximum aggregate purchase price of $1.00 {One Dollar) (the "Purchase Price")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The payment schedule and conditions assuming all targets are met are follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) The Buyer will transfer $1 (One USD) to the seller on closing.

ii) The Seller will transfer the shares to the buyer on closing.

2) **<u>Representations and Warranties of the Seller</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The Seller warrants and represents to the Purchaser as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The Seller would not be recognized as an issuer, insider, affiliate,
or associate of the Corporation as defined or recognized under applicable securities laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Except as provided in the incorporating documents of the Corporation or
as indicated on the face of the certificates for the Shares, the Purchaser would not be prevented or restricted in any way from re-selling
the Shares in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) The Seller is the owner in clear title of the Shares and the Shares are
free of any lien, encumbrance, security interests, charges, mortgages, pledges, or adverse claim or other restriction that would prevent
the transfer of clear title to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) The Seller is not bound by any agreement that would prevent any transactions
connected with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) There is no legal action or suit pending against any party, to the knowledge
of the Seller, that would materially affect this Agreement.

3) **<u>Representations and Warranties of the Purchaser</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The Purchaser warrants and represents to the Seller as follows:

The Purchaser would not be recognized as an issuer, insider, affiliate, or associate of the Corporation as defined or recognized under applicable securities laws and regulations. The Purchaser is not bound by any agreement that would prevent any transactions connected with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) There
is no legal action or suit pending against any party, to the knowledge of the Purchaser, that would materially affect this Agreement.

4) <u>Closing</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The closing of the purchase and sale of the Shares (the
"Closing") will take place on December 24, 2021 (the "Closing Date") at the offices of the Seller or at such other
time and place as the Seller and the Purchaser mutually agree . At
Closing and upon the Purchaser paying the Purchase Price in full
to the Seller, the Seller will deliver to the Purchaser duly executed transfers of the Shares.

5) <u>Expenses</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All parties agree to pay all their own costs and expenses in connection with this Agreement.

6) <u>Finder's Fees</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) No party to this Agreement will pay any type of finder's fee to any
other party to this Agreement or to any other individual in connection to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) All parties to this Agreement warrant and represent that no investment
banker or broker or other intermediary has facilitated the transaction contemplated by this Agreement and is entitled to a fee or commission
in connection with said transaction. All parties to this Agreement indemnify and hold harmless all other parties to this Agreement in
connection with any claims for brokerage fees or other commissions that may be made by any party pertaining to this Agreement.

7) <u>Dividends</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Any dividends earned by the Shares and payable before
the Closing of this Agreement will belong to the Seller, and any dividends earned by
the Shares and payable after the Closing of this Agreement will belong to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any rights to vote attached to the Shares will belong to the Seller before
the Closing and will belong to the Purchaser after the Closing.

8) <u>Governing Law</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The Purchaser and the Seller submit to the jurisdiction of the courts
of the State of Tennessee for the enforcement of this Agreement or any arbitration award or decision arising from this Agreement. This
Agreement will be enforced or construed according to the laws of the State of Tennessee.

9) <u>Additional</u> <u>Clauses</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The seller will provide full support or at least no hinderance to George
Joe Chudina to assist in the completion of the sale of his shares to the same seller and acknowledges that the price that the buyer pays
to George Joe Chudina will be at a different valuation to this sale agreement herein.

10) <u>Miscellaneous</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Time is of the essence in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) This Agreement may be executed in counterparts. Facsimile, email or digital
signatures are binding and are considered to be original signatures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) All warranties and representations of the Seller and the Purchaser connected
with this Agreement will survive the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) This
 Agreement will not be assigned either in whole or in part by any party to this Agreement
 without the written consent of the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Headings are inserted for the convenience of the parties
only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa . Words in the masculine gender include the feminine gender and vice versa. Words in
the neuter gender include the masculine gender and the feminine gender and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) If any term, covenant, condition or provision of this
Agreement is held by a court of competent jurisdiction to be invalid, void
or unenforceable, it is the parties' intent that such provision be reduced in scope by the court only to the extent deemed necessary by
that court to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be
affected, impaired or invalidated as a result.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) This Agreement contains the entire agreement between the parties. All
negotiations and understandings have been included in this Agreement. Statements or representations which may have been made by any party
to this Agreement in the negotiation stages of this Agreement may in some way be inconsistent with this final written Agreement. All such
statements are declared to be of no value in this Agreement. Only the written terms of this Agreement will bind the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) This Agreement and the terms and conditions contained in this Agreement
apply to and are binding upon the Seller and the Purchaser and their respective successors, assigns, executors, administrators, beneficiaries,
and representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Any notices or delivery required here will be deemed completed when hand-delivered,
delivered by agent, or seven (7) days after being placed in the post, postage prepaid, to the parties at the addresses contained in this
Agreement or as the parties may later designate in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) All of the rights, remedies and benefits provided by this Agreement will
be cumulative and will not be exclusive of any other such rights, remedies and benefits allowed by law.

**IN WITNESS WHEREOF** the Seller and Purchaser have duly affixed their signatures under hand and seal on this <u>23</u> day of <u>December, 2021</u>.

 

 

 

**/s/ Nicolas Link**

**Nicholas Link (CEO) for the Buyer**

**SIGNED, SEALED, AND DELIVERED**

In the presence of: Bull Head Products Inc. (Seller)

Witness:

<u>/s/ George J. Chudina</u> Per: ________________________ (SEAL)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Sign)

Witness Name: <u>George J. Chudina</u>

<u>/s/ Dorothy Lee Chudina</u>

**Dorothy Lee Chudina**

**SIGNED, SEALED, AND DELIVERED**

In the presence of: llustrato Pictures International Inc (Purchaser)

Witness:

___________________Per: ___________________________ (SEAL)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Sign)

Witness Name: _______________________

## Exhibit 2.4

**SHARE PURCHASE AGREEMENT**

**THIS SHARE PURCHASE AGREEMENT** (the "Agreement") made and entered into this <u>1st</u> day of <u>January, 2022</u>

 

**BETWEEN:**

George Joe Chudina of 3049 Legacy Pointe Way, Appt 1125, Knoxville, TN 37921 with Passport number: 543518544

(Exhibit A)

(the "Seller")

OF THE FIRST PART

and

llustrato Pictures International Inc. of 26 Broadway, New York, NY 10004

(the "Purchaser")

OF THE SECOND PART

**BACKGROUND:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The
 Seller is the owner on record of 999 (Nine hundred and ninety-nine) shares (the "Shares")
 of Bull Head Products Inc registered in Tennessee with company number 550882 (the "Corporation").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The
 Seller desires to sell the Shares to the Purchaser and the Purchaser desires to purchase
 the Shares from the Seller.

**IN CONSIDERATION OF** and as a condition of the parties entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the parties to this Agreement agree as follows:

1) **<u>Purchase and</u>**  **<u>Sale</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Except
 as otherwise provided in this Agreement, all monetary amounts referred to in this Agreement
 are in USD (US Dollars).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The
 Seller agrees to sell, and the Purchaser agrees to purchase all the rights, title, interest,
 and property including all intellectual Property of the Seller in the Shares for an aggregate
 cash purchase price of $500,000 (Five Hundred Thousand) (the "Purchase Price")
 on the condition that the agreed Targets and Key Performance Indicators (KPls) in Exhibit Bare met. If the Targets and KPls are not met within the agreed time as agreed in Exhibit B, in their entirety a sliding scale of payment will be paid which will be less than the full $500,000 purchase price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The
 buyer will also issue the seller 6,750 (Six Thousand Seven Hundred and Fifty) Convertible
 Preference F Shares in the public company llustrato Pictures International Inc. (Symbol:
 ILUS) within 30 days of the closing of this agreement. These shares are 144 restricted shares
 which means they are restricted for a period as defined by rule 144 of the SEC. These shares
 convert 1:100 equaling 675,000 Common ILUS shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) The
 total purchase price is to be paid in the following breakdown subject to the agreed conditions
 in Exhibit B being met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Before
 closing of this agreement, a fixed sum of $300,000 (Three hundred thousand Dollars) will
 be paid to an escrow agreement/facility to be established by the buyer with Donnell Suares
 Esq law firm, Suares Associates all associated fees to be paid by the buyer . Upon
 receipt into Escrow of the evidence displayed in Exhibit C from the seller, $300,000 (Three
 hundred thousand) will be transferred to the sellers nominated account from the escrow facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) $100,000
 to be paid by bank transfer to the sellers nominated account on or following the nearest
 working day following the 15 t h 01 July
 2022 on the condition that the agreed Key Performance Indicators for Period 1 January 2022
 to 30 June 2022 exhibited in Exhibit B, have been met and so long as the seller is still
 employed by the company unless no longer employed by mutual agreement. If they have not been
 met in full a sliding scale of payment is displayed
 in Exhibit B. Any Amendment or extension to these fixed agreed terms are at the sole discretion
 of the buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) $100,000
 to be paid by bank transfer to the sellers nominated account on or following the nearest
 working day following the 15 t h of January
 2023 on the condition that the agreed Key Performance Indicators for Period 1 July 2022 to
 31 Dec 2022 exhibited in Exhibit B, have been met. If they have not been met in full a sliding
 scale of payment is displayed in Exhibit Band so long as the seller is still employed by
 the company unless no longer employed by mutual agreement. Any Amendment or extension to
 these fixed agreed terms are at the sole discretion of the buyer.

2) **<u>Representations and Warranties of the Seller</u>**

The Seller warrants and represents to the Purchaser as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The
 Seller would not be recognized as an issuer, insider, affiliate, or associate of the Corporation
 as defined or recognized under applicable securities laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Except
 as provided in the incorporating documents of the Corporation or as indicated on
 the face of the certificates for the Shares, the Purchaser would not be prevented or restricted
 in any way from re-selling the Shares in the future .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The
 Seller is the owner in clear title of the Shares and the Shares are free of any lien, encumbrance,
 security interests, charges,
 mortgages, pledges, or adverse claim or other restriction that would prevent the transfer
 of clear title to the Purchaser .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) The
 Seller is not bound by any agreement that would prevent any transactions connected with this
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) There
 is no legal action or suit pending against any party, to the knowledge of the Seller, that
 would materially affect this Agreement.

3) **<u>Representations and Warranties of the Purchaser</u>**

The Purchaser warrants and represents to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The
 Purchaser would not be recognized as an issuer, insider, affiliate, or associate of the Corporation
 as defined or recognized under applicable securities laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The
 Purchaser is not bound by any agreement that would prevent any transactions connected with
 this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) There
 is no legal action or suit pending against any party, to the knowledge of the Purchaser,
 that would materially affect this Agreement.

4) <u>Closing</u>

The closing of the purchase and sale of the Shares (the "Closing") will take place on December 24, 2021 (the "Closing Date") at the offices of the Seller or at such other time and place as the Seller and the Purchaser mutually agree.

**5)** **<u>Expenses</u>**

All parties agree to pay all their own costs and expenses in connection with this Agreement.

6) **<u>Finder's Fees</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The
 Buyer will not pay any type of finder's fee to any party to this agreement or to any other
 individual in connection to this Agreement . Any
 finders or sellers' fees relating to this transaction are to be paid by the seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The
 Seller warrants and represent that any investment banker or broker or other intermediary
 who may have facilitated the transaction contemplated by this Agreement and maybe entitled
 to a fee or commission in connection with said transaction will be paid by the seller. The
 seller indemnifies and hold harmless all other parties to this Agreement in connection with
 any claims for brokerage fees or other commissions that may be made by any party pertaining
 to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The
 seller warrants that they have disclosed all material facts relating to the company during
 the due diligence period to the best of their knowledge and indemnifies in full the buyer
 against any claim more than $20,000 which the seller did not disclose previously .

7) <u>Dividends</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Any
 dividends earned by the Shares and payable before the Closing of this Agreement will belong
 to the Seller, and any dividends earned by the Shares and payable after the Closing of this
 Agreement will belong to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any
 rights to vote attached to the Shares will belong to the Seller before the Closing and will
 belong to the Purchaser after the Closing.

8) <u>Governing</u> <u>Law</u>

The Purchaser and the Seller submit to the jurisdiction of the courts of the State of Tennessee for the enforcement of this Agreement or any arbitration award or decision arising from this Agreement. This Agreement will be enforced or construed according to the laws of the State of Tennessee.

9) <u>Additional</u> <u>Clauses</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) No
 Dividends have been paid, Assets or cash have been removed, sold, or transferred from the
 company other than in the normal course of business since the completion of the Due Diligence
 and the closing of this agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The
 seller agrees that he and the company agree that the targets and Key Performance Indicators
 exhibited in Exhibit Bare achievable within the time periods displayed and referred to in
 Exhibit Band referred to in Clause 3 B & 3 C.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The
 Seller will reasonably act in the best interest to support and assist the buyer in all aspects
 of the business to assist it to meet the objectives and growth. The Seller will not carry
 out any actions or make any comments which could be damaging to the company or the buyer
 for an indefinite period from the completion date of this agreement .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) The
 seller, his affiliates or family, will not compete in the same line of business within a
 S00mile radius of the company's main address for a period of 3 years from the date of the
 final payment without the buyer's consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) The
 Seller will also sign a separate employment contract with the company for which the seller
 will receive a market rate remuneration to be agreed in the employment contract and is in
 addition to the purchase price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) The
 seller will continue to be employed by the company under an employment contract for the duration
 of this agreement until the date of the final payment 15 January 2023 unless by mutual agreement.
 The seller may remain employed beyond 15 January 2023 by mutual agreement under the terms
 of the employment agreement which is not related to this agreement and will be
agreed independently of this agreement with the buyer. This agreement does not supersede the employment contract which is independent
of this agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) If
 the seller breaks his employment contract without mutual agreement before 15 January 2023
 and discontinues his employment with the company before the final payment the seller will
 forfeit the payments in Clause 3 Band 3 C in its
 entirety unless otherwise agreed with the buyer, which is at the sole discretion of the buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) It
 is agreed between the parties that Vehicle Identification Number (VIN): 1FT7W2BN1MEC45688
 owned by the company will be transferred to the sellers' personal name with all its outstanding
 liabilities on closing of this agreement .

10) **<u>Miscellaneous</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Time is of
 the essence in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) This
 Agreement may be executed in counterparts . Facsimile
 signatures are binding and are original signatures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) All
 warranties and representations of the Seller and the Purchaser connected with this Agreement
 will survive the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) This
 Agreement will not be assigned either in whole or in part by any party to this Agreement
 without the written consent of the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Headings
 are inserted for the convenience of the parties only and are not to be considered when interpreting
 this Agreement. Words in the singular mean and include the plural and vice versa. Words in
 the masculine gender include the feminine gender and vice versa. Words in the neuter gender
 include the masculine gender and the feminine gender and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) If
 any term, covenant, condition or provision of this Agreement is held by a court of competent jurisdiction to be invalid , void
 or unenforceable, it is the parties' intent that such provision be reduced in scope by the court only to the extent deemed necessary
 by that court to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way
 be affected, impaired or invalidated as a reult.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) This
 Agreement contains the entire agreement between the parties. All negotiations and understandings
 have been included in this Agreement . Statements
 or representations which may have been made by any party to this Agreement in the negotiation
 stages of this Agreement may in some way be inconsistent with this final written Agreement.
 All such statements are declared to be of no value in this Agreement. Only the written terms
 of this Agreement will bind the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) The
 Seller and Buyer have taken independent legal advice and are fully aware of their commitment,
 interpretations, deliverables and understanding of this agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) This
 Agreement and the terms and conditions contained in this Agreement apply to and are binding
 upon the Seller and the Purchaser and their respective successors, assigns, executors, administrators,
 beneficiaries, and representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) Any
 dispute or claim arising to or in any way related to this Agreement shall be settled by binding arbitration
 in Tennessee . All
 arbitration shall be conducted in accordance with the rules and regulations of the American
 Arbitration Association ("AAA") and shall remain confidential. AAA shall designate
 an arbitrator from an approved list of arbitrators following each party's review and deletion
 of those arbitrators on the approved list having a conflict of interest with either party . Each
 party shall pay its own expenses associated with such arbitration. A demand for arbitration
 shall be made within a reasonable time after the claim, dispute or other matter has arisen
 and in no event shall such demand be made after the date when institution of legal or equitable
 proceedings based on such claim, dispute or other matter in question would be balanced by
 the applicable statutes of limitations. The decision of the arbitrators shall be rendered
 within 60 days of submission of any claim or dispute, shall be in writing and mailed to all
 the Parties included in the arbitration. The decision of the arbitrator shall be binding
 upon the parties
and judgment in accordance with that decision may be entered in any court having jurisdiction thereof

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k) Any
 notices or delivery required here will be deemed completed when hand-delivered, delivered
 by agent, or seven (7) days after being placed in the post, postage prepaid, to the parties
 at the addresses contained in this Agreement or as the parties may later designate in writing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I) All
 the rights, remedies and benefits provided by this Agreement will be cumulative and will
 not be exclusive of any other such rights, remedies and benefits allowed by law.

**IN WITNESS WHEREOF** the Seller and Purchaser have duly affixed their signatures under hand and seal

on this the <u>23</u><sup>rd</sup> day of <u>December, 2021</u>.

**Nicholas Link (CEO) for the Buyer**

**SIGNED, SEALED, AND DELIVERED**

In the presence of: Bull Head Products Inc. (Seller)

Witness:

<u>/s/ Sheila Hansen</u> Per: ___________________________(SEAL)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Sign)

Witness Name: <u>Sheila Hansen</u> 

 

 

<u>/s/ George Joe Chudina</u>

**George Joe Chudina**

**SIGNED, SEALED, AND DELIVERED**

In the presence of: llustrato Pictures International Inc (Purchaser)

Witness:

<u>/s/ JP Backwell</u> Per: ___________________________ (SEAL)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Sign)

Witness Name: <u>JP Backwell</u>

 **<u>Exhibit A</u>**

Passport Copy

**<u>Exhibit B</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o To
 Qualify for the 2°d Payment of$100,000 15 July 2022:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Minimum
 Turnover of$320.000
 (Excluding all taxes)
 must be achieved for the period from **1** Januar y 2022 to
 30 June 2022 or as per
 the following table:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Turnover Target** | &nbsp;&nbsp; <br> **Percentage of Target** | &nbsp;&nbsp; <br> **Aggregate Payment** |
| $320.000 | Greater than 100% | $100000 |
| $320.000 | 90-99 | $90000 |
| $320.000 | 80-89 | $80.000 |
| $320.000 | 70-79 | $70.000 |
| $320.000 | 60-69 | $60000 |
| $320.000 | 50-59 | $50.000 |
| $320.000 | less than 50% | $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o In
 addition to the Turnover requirement, the following Key Performance Indices must also be
 achieved to quality for relevant Aggregate Payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A
 mutually agreed General Manager
 for the business is appointed and
 adequately trained to operate the business h y 30 June 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A
 mutually agreed Design Engineer for the business is appointed and adequately trained to meet
 design requirements of the business by 30 June 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No additional discrepancies such as
 debts, lawsuits etc.
 (other than
 what has already been
 disclosed in the Due Diligence phase) have been found and
 remain unresolved by the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o 3rd
 Payment of$100,000 15 January 2023:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Minimum
 Turnover of$320.000 (excluding all taxes)
 must be achieved for the period from 1 July 2022 to 31 December 2022 or
 as per the following table:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Turnover Target** | &nbsp;&nbsp; <br> **Percentage of Target** | &nbsp;&nbsp; <br> **Aggregate Payment** |
| $320.000 | Greater than 100% | $100.000 |
| $320.000 | 90-99 | $90.000 |
| $320.000 | 80-89 | $80.000 |
| $320.000 | 70-79 | $70.000 |
| $320.000 | 60-69 | $60.000 |
| $320000 | 50-59 | $50000 |
| $320.000 | less than 50% | $0 |

---

**<u>Exhibit C</u>**

---

| |
|:---|
| Signed Sale Purchase agreement |
| Executed transfer of the shares or other agreed proof that the Shares have been transferred into the name of the buyer |
| Board Resolution approving the sale of the company to the buyer |
| Payment dispersement resolution |
| Bank account logins |
| Electronic access to the live company financials |
| New lease/rental agreement signed with Landlord |
| Access to Bullhead Products website |
| Signed employment consulting contract with Seller |
| Any staff contracts requiring renewal to be signed |
| Signed acknowledgement from any key suppliers (where required) |
| Provide document that vehicle finance with Trust has been transferred into sellers' name. |
| Proof that American Century Investments has been moved into George's name. |

---

## Exhibit 2.5

**<u>Share Transfer Agreement</u>**

This share transfer Agreement (the "Agreement") made and effective from 26th January 2021,sets out the terms and conditions upon which **FB Fire Technologies Ltd** (the "Transferor"), being a Company duly registered under the laws of UK and having its registered address at Matrix Business Centre, Nobel Way, Dinnington, Sheffield, S25 3QB, UK, will transfer 100% shares held by Nicolas Link to **Ilustrato Pictures International Inc(ILUS International)** (the "Transferee"), being a Company duly registered under the laws of Nevada and having its registered address at 26 Broadway Suite 934, New York NY1004 USA (together, the "Parties").

WHEREAS the Transferor's are the registered proprietor of 100% of the shares (the "Shares").

WHEREAS the Transferor's agree to transfer 100% of the Shares to the Transferee on such terms as are set out throughout this share transfer Agreement.

WHEREAS the Transferee for his part agrees to acquire the Shares on such terms as are set out in this share transfer Agreement.

NOW, THEREFORE, IT IS HEREBY AGREED as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. TRANSFER OF SHARES:

It is agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. The Transferor transfers absolutely all title over the Shares to the Transferee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. The transfer is absolute and includes all rights and obligations connected to the Shares including but
not limited to all rights to dividends, capital and voting rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. The transfer is effective on the execution of this share transfer Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;2. TRANSFER PRICE

It is agreed that the Shares shall be transferred without any consideration.

&nbsp;&nbsp;&nbsp;&nbsp;3. COST OF TRANSFER

It is agreed that the cost of registering the transfer of the Shares (if any) will be borne by the Transferee.

&nbsp;&nbsp;&nbsp;&nbsp;4. EFFECT OF LACK OF FORMALITY

It is agreed that should the envisaged transfer of shares fail to be effective due to a lack of formality (including but not limited to a failure to register the transfer correctly in the registers of the company or due to a refusal by the directors of the company whose Shares are being transferred) then the effect shall be the transfer of all beneficial interest in the Shares to the Transferee by the creation of a trust in favour of the Transferee as beneficiary in which the Shares comprise the subject, and the Transferor is the trustee.

&nbsp;&nbsp;&nbsp;&nbsp;5. WARRANTIES AND INDEMNITIES

It is agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) The Transferor warrants that he is the true owner of the Shares and is absolutely entitled to all their
benefit.

ii) The Transferor warrants that he is not acting as a nominee or trustee and that no other rights exist in connection with the Shares.

iii) Each Party hereby declares that they have all necessary powers and approvals to enter into this share transfer Agreement.

iv) Each Party hereby declares that they are not aware of any matter within their control which might have any negative or adverse effect upon the performance of their obligations under this share transfer Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) The rights, benefits, liabilities, and responsibilities contained within the terms
of this share transfer Agreement can be assigned by any Party with the prior written agreement of the other Party.

vi) Any delay or failure to enforce the terms of this share transfer Agreement and any delay to act on a breach of its term by any party does not constitute a waiver of those rights.

vii) Each Party hereby warrants that they will not do any action which might harm, hinder or negatively affect the duties of the other Party set out within this share transfer Agreement.

viii) If any clause (or any part of any clause) shall be deemed to be illegal or invalid by a competent court or other legal authority, then this shall have the effect of invalidity and striking out only that clause (or any part of any clause) only and shall not invalidate this share transfer Agreement in its entirety.

ix) This share transfer Agreement can be executed either in one original or in more than one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x) This share transfer Agreement is binding on both Parties by virtue of the conduct
of both parties and despite any defect or error in the formality of its execution.

xi) The Transferor hereby irrevocably indemnifies and agrees to keep indemnified and hold harmless the Transferee against all losses howsoever caused arising from a breach of the warranties or other terms of this share transfer Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;6. VARIATION

This share transfer Agreement may be varied, and any variation must be made in writing by both Parties.

&nbsp;&nbsp;&nbsp;&nbsp;7. NOTICES

Notices served pursuant to any term of this share transfer Agreement must be served in writing and will be served only if it handed from one Party to another in person or if delivered to the address for service of the Party in question. Notices may only be served and delivered in English.

IN WITNESS WHEREOF, each of the Parties has executed this share transfer Agreement:

---

| | |
|:---|:---|
| Transferor | Transferee |
| /s/ Nicolas Link | /s/ Nicolas Link |
| Mr Nicolas Link, CEO | Mr Nicolas Link, CEO |

---

## Exhibit 2.6

**<u>Share Transfer</u>**  **<u>Agreement</u>**

This share transfer Agreement (the "Agreement") made and effective from 26th January 2021,sets out the terms and conditions upon which **Firebug Mechanical** **Equipment L.L.C** (the "Transferor"), being a Company duly registered under the laws of UAE and having its registered address at G4 DIRE Warehouse complex Dubai Investment Park 2 Dubai, will transfer 100% shares held by Nicolas Link to **llustrato Pictures International** Inc(**ILUS International)** (the "Transferee"), being a Company duly registered under the laws of Nevada and having its registered address at 26 Broadway Suite 934, New York NY1004 USA (together, the "Parties").

WHEREAS the Transferor is the registered proprietor of 100% of the shares (the "Shares").

WHEREAS the Transferor is desirous of transferring 100% of the Shares to the Transferee on such terms as are set out throughout this share transfer Agreement.

WHEREAS the Transferee for his part is desirous of acquiring the Shares on such terms as are set out in this share transfer Agreement.

NOW, THEREFORE, IT IS HEREBY AGREED as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. TRANSFER OF SHARES:

It is agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. The Transferor
transfers absolutely all title over the Shares to the Transferee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. The transfer
is absolute and includes all rights and obligations connected to
the Shares including but not limited
to all rights to dividends, capital and voting
rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. The transfer is effective on the execution of this share transfer Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. TRANSFER PRICE

**It** is agreed that the Shares shall be transferred without any consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. COST OF TRANSFER

It is agreed that the cost of registering the transfer of the Shares (if any) will be borne by the Transferee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. EFFECT OF LACK OF FORMALITY

It is agreed that should the envisaged transfer of shares fail to be effective due to a lack of formality (including but not limited to a failure to register the transfer correctly in the registers of the company or due to a refusal by the directors of the company whose Shares are being transferred) then the effect shall be the transfer of all beneficial interest in the Shares to the Transferee by the creation of a trust in favour of the Transferee as beneficiary in which the Shares comprise the subject, and the Transferor is the trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. WARRANTIES AND INDEMNITIES

It is agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) The Transferor warrants that he is the true owner of
the Shares and is absolutely entitled to all their benefit.

ii) The Transferor warrants that he is not acting as a nominee or trustee and that no other

rights exist in connection with the Shares.

iii) Each Party hereby declares that they have all necessary powers and approvals to enter into this share transfer Agreement.

iv) Each Party hereby declares that they are not aware of any matter within their control which might have any negative or adverse effect upon the performance of their obligations under this share transfer Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) The rights, benefits, liabilities, and responsibilities contained within the terms of this share transfer Agreement can be assigned by any Party with the prior written agreement of the other Party.

vi) Any delay or failure to enforce the terms of this share transfer Agreement and any delay

to act on a breach of its term by any party does not constitute a waiver of those rights.

vii) Each Party hereby warrants that they will not do any action which might harm, hinder or negatively affect the duties of the other Party set out within this share transfer Agreement.

viii) If any clause (or any part of any clause) shall be deemed to be illegal or invalid by a

competent court or other legal authority, then this shall have the effect of invalidity and striking out only that clause (or any part of any clause) only and shall not invalidate this share transfer Agreement in its entirety.

ix) This share transfer Agreement can be executed either in one original or in more than one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x) This share transfer Agreement is binding on both Parties
by virtue of the conduct of both

parties and despite any defect or error in the formality of its execution.

xi) The Transferor hereby irrevocably indemnifies and agrees to keep indemnified and hold harmless the Transferee against all losses howsoever caused arising from a breach of the warranties or other terms of this share transfer Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. VARIATION

This share transfer Agreement may be varied, and any variation must be made in writing by both Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. NOTICES

Notices served pursuant to any term of this share transfer Agreement must be *served* in writing and will be served only if it handed from one Party to another in person or if delivered to the address for service of the Party in question. Notices may only be served and delivered in English.

IN WITNESS WHEREOF, each of the Parties has executed this share transfer Agreement: Transferor

---

| | |
|:---|:---|
| Transferor | Transferee |
| /s/ Nicolas Link, CEO | /s/ Nicolas Link, CEO |
| Signature, name & Title | Signature, name & Title |

---

## Exhibit 2.7

**<u>SHARE PURCHASE</u> AGREEMENT**

This SHARE PURCHASE AGREEMENT (the "Share Purchase Agreement") is dated as of February <u>15</u>, 2022, between Georgia Fire & Rescue Supply, LLC (the "Company"), BARBARA JEAN WHIDBY (the "Seller'') (Exhibit D) and llustrato Pictures International Inc. (the "Purchaser" or "ILUS").

**RECITALS**

The Purchaser has agreed to purchase all issued and outstanding membership interest or shares (as defined herein) of the Company from the Seller.

**AGREEMENTS**

In consideration of the above recitals and of the mutual agreements and covenants contained in this Share Purchase Agreement, the Company, the Seller, and the Purchaser intending to be bound legally, agree as follows:

SECTION 1. DEFINITIONS

The following terms, as used in this Share Purchase Agreement, shall have the meanings set forth in this Section.

"Closing" means the consummation of the purchase and sale of the Shares (defined below) pursuant to this Share Purchase Agreement in accordance with the provisions of this Share Purchase Agreement.

"Closing Date" means the date on which the Closing occurs, as determined pursuant to

Section 5.

"Code" means the Internal Revenue Code of 1986, as amended.

"Consents" means the consents, permits, or approvals of government authorities and other third parties necessary to approve the transfer of the ownership of the Company to PURCHASER in accordance herewith or otherwise to consummate the transactions contemplated by this Share Purchase Agreement.

"Contracts" means all contracts, leases, non-governmental licenses, and other agreements (including leases for personal or real property and employment agreements), written or oral (including any amendments and other modifications thereto) to which the Company or is a party or which are binding upon the Company.

"Lien" means any security interest, mortgage, deed of trust, pledge, lien, charge, or other encumbrance of any nature whatsoever.

"Licenses" means all licenses, permits, and other authorizations issued by any federal, state, or local government authorities to the Company.

"Person" means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, or any governmental entity.

"Purchase Price" means the purchase price specified in Section 2.2.

''Tax" means all income, excise, gross receipts, windfall profits, ad valorem, sales, use, employment, franchise, profits, gains, property, transfer, payroll, license, intangibles, or other taxes of any kind whatsoever (whether payable directly or by withholding), together with any interest, penalties or additions to tax imposed with respect thereto and interest in respect of such penalties or additions.

"Tax Authority" means any government authority having jurisdiction over the assessment, determination, collection, or other imposition of any Tax.

"Tax Returns" means all returns and reports (including elections, declarations, disclosures, schedules, estimates and information returns) required to be supplied to a Tax Authority relating to Taxes.

SECTION 2. PURCHASE AND SALE OF STOCK

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Agreement to Sell and Buy</u>. Subject to the terms and conditions set forth in this Share Purchase Agreement, SELLER hereby agree to sell, transfer, assign and deliver to PURCHASER on the Closing Date, and PURCHASER agrees to purchase, all the issued and outstanding membership interest or shares (the "Shares") in the Company for the Purchase Price (as defined herein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Purchase Price</u>. The purchase price for the Shares shall be the amount on Exhibit A of this Share Purchase Agreement (the "Purchase Price") and shall be payable pursuant to the terms in Exhibit A to an account designated by SELLER.

SECTION 3. REPRESENTATIONS AND WARRANTIES OF SELLER

SELLER represents and warrants to PURCHASER as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Organization, Standing. Authority, and Binding Obligation.</u> (a) The Company is a Georgia limited liability company duly formed, validly existing and in good standing under the laws of the State of Georgia. The Company does not have any equity interest in any Person. SELLER has full corporate power and authority to enter into this Share Purchase Agreement and to consummate the transactions contemplated hereby. This Share Purchase Agreement constitutes, and the instruments and other agreements contemplated hereby when executed will constitute, the legal, valid and binding obligations of SELLER, enforceable against it in accordance with their respective terms, subject as to enforceability to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and general equitable principles (the <u>"Bankruptcy and Equity Exception")</u>. The Company and has all requisite power and authority to own, lease, and use their assets and properties as now owned, leased, and used and to conduct the business operations of the Company as now conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Absence of Conflicting Agreements.</u> The execution and delivery of this Share Purchase Agreement and the instruments and other agreements contemplated hereby by SELLER, the consummation of the transactions contemplated hereby and thereby by SELLER, and the compliance by SELLER with the terms, conditions and provisions of this Share Purchase Agreement and each such other instruments and agreements, with or without the giving of notice or the passage of time, or both, will not: (i) contravene any provision of the Company's Certificate of Organization or Operating Agreement, (ii) conflict with or result in a breach of or constitute a default under any of the terms, conditions or provisions of any indenture, mortgage, loan or credit agreement or any other agreement or instrument to which any of the Company or SELLER are a party or by which any of them or any of their assets may be bound or affected, or any decree, judgment or order of any court or governmental department, commission, board, agency or instrumentality, domestic or foreign.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Governmental Licenses.</u> 

SELLER has delivered to PURCHASER true and complete copies of the Licenses listed on Schedule 3.3 (including any amendment and other modifications thereto). The material Licenses have been validly issued, and the Company is the authorized legal holder thereof. The Licenses comprise all the material licenses, permits, and other authorizations required from any governmental or regulatory authority for the lawful conduct of the business and operations of the Company in the manner and to the full extent they are now conducted. None of the material Licenses is subject to any restriction or condition that would limit the full operation of the Station as now operated. The material licenses are in full force and effect, and the conduct of the business and operations of the Company is in material accordance therewith. SELLER has no reason to believe that any of the material licenses listed on such Schedule would not be renewed by the granting authority in the ordinary course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>The Shares</u>. (a) The Seller currently owns five hundred units, which is one hundred percent (100%) of the issued and outstanding membership shares or interest of and in the Company. All the outstanding Shares have been duly authorized, validly issued, are fully paid and non assessable, and have not been issued in violation of any preemptive rights on any federal or state securities laws. SELLER owns all Shares and is the sole record and beneficial owner of such Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) SELLER has good, valid, and marketable title to the Shares, free of all liens. Upon consummation of the sale of the Shares, as contemplated by this Share Purchase Agreement, SELLER shall deliver to PURCHASER, and PURCHASER shall acquire, good, valid, and marketable title to, the Shares, free of all liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>Assets.</u> The SELLER owns, leases or licenses all their assets and properties free and clear of all liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 <u>Contracts.</u> The SELLER has delivered to PURCHASER true and complete copies of all written Contracts, true and complete memoranda of all oral Contracts (including any amendments and other modifications to such Contracts), and a schedule summarizing in reasonable detail the

Company's Contracts. All the Contracts are in full force and effect, and are valid, binding, and enforceable in accordance with their terms and there is not, to the best of the Company's knowledge, under any Contract any default by any party thereto or any event that, after notice or lapse of time or both, could constitute a default. As of the Closing, the Company shall not have any indebtedness for borrowed money.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7 <u>Consents.</u> No consent, approval, permit, or authorization of, or declaration to or filing with any governmental or regulatory authority, or any other third party is required to consummate this Share Purchase Agreement and the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 <u>Reports</u>. To the best knowledge of the Company, all material returns, reports, and statements that the Company are currently required to file with any governmental authority or place in its public file or file with any other governmental agency have been filed, and all reporting requirements of governmental authorities having jurisdiction over the Company have been complied with in all material respects and all such returns, reports, and statements are substantially complete and correct as filed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9 <u>Personnel.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Employees and Compensation.</u> A list of all employees of the Company, their job description, date of hire, salary and amount and date of last salary increase is set forth in Schedule 3.9(a). Also included in Schedule 3.9(a) is a detailed list as of the date of this Share Purchase Agreement of all employee benefit plans or arrangements applicable to the employees of the Company and all fixed or contingent liabilities or obligations of the Company and with respect to any person now or formerly employed by the Company or, including pension or thrift plans, individual or supplemental pension or accrued compensation arrangements, contributions to hospitalization or other health or life insurance programs, incentive plans, bonus arrangements, and vacation, sick leave, disability and termination arrangements or policies, including workers' compensation policies, and a description of all fixed or contingent liabilities or obligations of the Company with respect to any person now or formerly employed by the Company or any person now or formerly retained as an independent contractor by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Labor Relations</u>. The Company is not a party to or subject to any collective bargaining agreements. The Company has no written or oral contracts of employment with any employee, other than those listed in Schedule 3.6.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Liabilities</u>. The Company has no liability of any kind to or in respect of any employee benefit plan, Including withdrawal liability under Section 4201 of ERISA. The Company has not incurred any accumulated funding deficiency within the meaning of ERISA or Section 4971 of the Internal Revenue Code. The Company has not failed to make any required contributions to any employee benefit plan. The Pension Benefit Guaranty Corporation has not asserted that the Company has incurred any liability in connection with any such plan. No Lien has been attached and no person has threatened to attach a Lien on any property of the Company because of a failure to comply with ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10 <u>Taxes.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has timely filed all Tax Returns which are required to be filed, and all Taxes shown to be due on such Tax Returns have been timely paid to the extent such taxes have become due. All such Tax Returns are true, accurate and complete in all material respects to the best knowledge of the Company. The Company has provided PURCHASER with complete and accurate copies of all Tax Returns filed by the Company. There is no member of any consolidated, combined, or unitary group which includes the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company does not have in effect, and has not been requested to make, any waiver or extension of any statute of limitation with respect to Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The SELLER has complied with all applicable laws, rules and regulations relating to information reporting with respect to payments made to third parties and to withholding of Taxes and payment to appropriate Tax Authorities of withheld Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) There is no pending, proposed, or to the best knowledge of the Company, threatened, audits, actions, assessments, or deficiencies, asserted with respect to Taxes of any of the Company. There is no pending, proposed, or to the best knowledge of the Company, threatened claim by any Tax Authority in any jurisdiction in which the Company does not pay Taxes or file Tax Returns that the Company is required to pay Taxes or file Tax Returns in such jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company will not have any liability under any Tax sharing agreement or Tax indemnity agreement on or after the Closing Date resulting from any agreement entered by SELLER or Company prior to the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All deficiencies asserted, or assessments made because of any examination of Tax Returns referred to in Section 3.10(a) have been paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11 <u>Claims and Legal Actions.</u> There is no claim, legal action, counterclaim, nor any order, decree, or judgment, in progress or pending, or to the best of the Company's knowledge threatened, against or relating to the Company, nor does the Company know or have reason to be aware of any basis for the same. In particular, but without limiting the generality of the foregoing, there are no applications, complaints or proceedings pending or, to the best of the Company's knowledge, threatened (i) before any federal or state agency relating to the business or operations of the Company involving charges of illegal discrimination under any federal or state employment laws or regulations, or (ii) before any federal, state, or local agency relating to the business or operations of the Company involving zoning issues under any federal, state, or local zoning law, rule, or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12 <u>Compliance with Laws</u>. The Company has complied in all material respects with the Licenses and all federal, state, and local laws, rules, regulations, and ordinances to the best knowledge of the Company. Neither the ownership nor use of the properties of the Company nor the conduct of the business or operations of the Company conflicts in any material respects with the rights of any other person or entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.13 <u>Cooperation.</u> SELLER and PURCHASER shall, and SELLER shall cause the Company to, cooperate fully with each other and their respective counsel and accountants in connection with any actions required to be taken as part of their respective obligations under this Share Purchase Agreement (in all cases, at each such Party's sole cost and expense, unless assumed by the Company), and SELLER and PURCHASER shall, and SELLER shall cause the Company to, execute such other documents as may be necessary and desirable to the implementation and consummation of this Share Purchase Agreement, and otherwise use their reasonable commercial efforts to consummate the transaction contemplated hereby and to fulfill their obligations under this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.14 <u>Broker</u>. Each of SELLER and PURCHASER represents and warrants that neither it nor any person or entity acting on its behalf has incurred any liability for any finders' or brokers' fees or commissions in connection with the transactions contemplated by this Share Purchase Agreement.

SECTION 4. Tax

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Tax Matters.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Liability for Taxes.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The SELLER shall indemnify and hold harmless PURCHASER from, against and in respect of any Taxes imposed upon the Company for the taxable periods, or portions thereof, ended on or before the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Tax Returns.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) SELLER shall file or cause to be filed when due (A) all Tax Returns with respect to the Company for any taxable period (including short taxable periods ending on or prior to the Closing Date and (B) any other Tax Returns for the Company due to be filed on or before the Closing Date and shall provide copies of all such Tax Returns to PURCHASER.

SECTION 5. CLOSING AND CLOSING DELIVERIES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Closing.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Closing Date</u>. Subject to the satisfaction or waiver of all conditions to the obligations of the parties, the Closing shall take place at a date to be agreed upon by SELLER and PURCHASER.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Closing Place</u>. The Closing shall be held at the offices of Suares &

Associates., or such other place that is agreed upon by the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Deliveries by SELLER</u>. Prior to or on the Closing Date, SELLER shall deliver to PURCHASER the following, in form and substance reasonably satisfactory to PURCHASER and its counsel:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 corporate seals and all the minute books and stock transfer books of
 the Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 written resignations of all officers and managers of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Certificates representing the Shares, together with any share powers endorsed in blank and in proper form required for their transfer and accompanied by all requisite share transfer stamps and such other instruments of transfer, conveyance and assignment reasonably requested by PURCHASER, as may be necessary or appropriate to confirm or carry out the provisions of this Share Purchase Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Good
 standing certificates of the Company as reasonably requested by

PURCHASER.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Consents.</u> An executed copy of any instrument evidencing receipt of any Consent to the extent available after the use of commercially reasonable efforts by SELLER.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Certificates.</u> 

A certificate, dated as of the Closing Date, executed by an officer or manager of PURCHASER certifying that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the representations and warranties of PURCHASER contained in this Share Purchase Agreement (1) that are qualified as to materiality, are true and correct and (2) that are not qualified as to materiality, are true and correct in all material respects, in each case as though made on and as of the Closing Date except to the extent made expressly as of a specified date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the obligations, covenants and agreements of PURCHASER set forth in this Share Purchase Agreement to be performed or complied with by PURCHASER on or prior to the Closing Date (1) that are qualified as to materiality, have been performed or complied with by PURCHASER and (2) that are not qualified as to materiality, have been performed or complied with by PURCHASER in all material respects, in each case on or prior to the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Licenses. Contracts, Business Records, Etc</u>. All Licenses, Contracts, and business records including all Tax Returns of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Evidence of Debt Repayment</u>. Copies of all deeds of release, pay-off letters, Uniform Commercial Code Form UCC-3 termination statements and similar documents and instruments reasonably requested by PURCHASER to evidence the complete and full payment of all indebtedness, obligation, or liability, including all fees and expenses, whether matured or unmatured, liquidated or unliquidated, direct, or contingent, joint or several.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Deliveries by PURCHASER.</u> At or prior to Closing, Purchaser shall deliver to Seller, against delivery of the items specified in Section 5.2 above, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Resolutions of Purchaser, in form satisfactory to counsel for Seller, authorizing the execution and performance of this Share Purchase Agreement and all actions to be taken by Purchaser hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Certificate of Purchaser stating to the effect that the representations and warranties of Purchaser contained herein are true and correct as of Closing date in all material aspects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Good
 standing certificate of the Purchaser as reasonably requested by

Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) An
 escrow agreement in substantially the same form as **Exhibit "E"**;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A Promissory Note and Security Agreement in substantially the same form as **Exhibit "F";** and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All other documents reasonably required to consummate the transaction contemplated hereby, in form and content reasonably satisfactory to Seller and Purchaser.

SECTION 6. REPRESENTATIONS AND WARRANTIES OF PURCHASER

PURCHASER represents and warrants to SELLER as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 Purchaser is a Nevada corporation, duly organized, and is in good standing under the laws of the State of Nevada and the State of Georgia and has all requisite power and authority to purchase Seller's Interest and to execute and deliver this Share Purchase Agreement and to consummate the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 This Share Purchase Agreement and all other documents executed or to be executed by Purchaser pursuant hereto constitutes, or when executed, shall constitute the valid obligation of Purchaser, legally binding upon it and enforceable against it in accordance with their terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 The execution, delivery, and performance of this Share Purchase Agreement and the agreements contemplated in this Share Purchase Agreement to which Purchaser is a party do not and shall not violate the provisions of (i) the Articles of Incorporation, Bylaws, or other constituent documents of Purchaser, (ii) any mortgage, indenture, security agreement, contract, undertaking, or other agreement to which Purchaser is a party or which is binding upon Purchaser or any of its property or assets; or (iii) any law, regulation, judgment or order which is binding upon Purchaser or any of its property or assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 Purchaser is not the subject of a bankruptcy, and there is no known present contemplation for filing a petition in bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 No consent or approval of any other party (including, without limitation, any lending institution or any governmental authority, bureau, or agency) is required in connection with the execution, delivery, performance, validity, or enforceability of this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6 Purchaser covenants that from the date of this Share Purchase Agreement until the Date of Closing, if a later date, Purchaser and other representatives will hold in strict confidence, and will not use to the detriment of Seller, all data and information with respect to the Company, or its business, and the Seller obtained In connection with this Share Purchase Agreement. If the transactions contemplated by this Share Purchase Agreement are not consummated, Purchaser will return to Seller and the Company all such data and information of Seller and the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 Purchaser agrees not to disclose or discuss the terms of this Share Purchase Agreement with any third party except for Purchaser's attorneys and accountants and other professional advisors to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8 Purchaser has not relied on any business representations of Seller or the Company's officers regarding Purchaser1s purchase of any of Seller's Shares; and together with Purchaser's advisors, Purchaser has the requisite knowledge and experience to understand the risks involved in the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9 Purchaser is fully aware of the financial condition of the Company and has had available to it all financial information of the Company Purchaser has requested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10 No representation or warranty by Purchaser contained in this Share Purchase Agreement, or any statement, certificate, schedule, or exhibit hereto furnished or to be furnished by or on behalf of Purchaser pursuant to this Share Purchase Agreement, or any document or certificate delivered to Seller or Seller's Principal pursuant to this Share Purchase Agreement, contains or shall contain any untrue statement of material fact or omits or shall omit a material fact necessary to make the statement contained therein not misleading.

SECTION 7. TERMINATION

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Termination by PURCHASER.</u> This Share Purchase Agreement may be terminated by PURCHASER, and the purchase and sale of the Shares abandoned, if PURCHASER is not then in material default, upon written notice to SELLER, upon the occurrence of any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Mutual Consent.</u> Upon the mutual written consent of SELLER and PURCHASER.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Upset Date</u>. If the Closing shall not have occurred prior to January 31, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Rights on Termination.</u> In the event of the termination of this Share Purchase Agreement as provided in Section 7.1, this Share Purchase Agreement shall forthwith become void and there shall be no liability on the part of any party hereto, the SELLER shall return the entire Purchase Price to PURCHASER within seven (7) days; except that nothing herein shall relieve either party from liability for any breach hereof or failure to perform hereunder.

 

SECTION 8. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION; CERTAIN REMEDIES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Survival.</u> The representations, warranties, covenants and agreements of SELLER and of PURCHASER contained in or made pursuant to this Share Purchase Agreement or in any certificate, document or instrument furnished pursuant hereto or in connection herewith shall survive in full force and effect until the first anniversary of the Closing Date regardless of any investigation by the parties; except that (a) the representations contained in Section 3.10 shall survive indefinitely and

&nbsp;&nbsp;&nbsp;&nbsp;(b) any covenant required to be performed by its terms after the Closing Date shall survive for the period required to perform such covenant pursuant to the terms of this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Indemnification by SELLER</u>. SELLER hereby agrees to indemnify and hold PURCHASER harmless against and with respect to, and shall reimburse PURCHASER for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any and all losses, liabilities or damages resulting from any untrue representation, breach of warranty, or omission or nonfulfillment of any covenant by SELLER contained in this Share Purchase Agreement or in any certificate, Schedule, document, or instrument delivered to PURCHASER under this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any and all losses, liabilities, or damages, contingent or otherwise, resulting from the liabilities incurred prior to Closing outside of liabilities incurred in the normal course of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs, and expenses, including reasonable legal fees and expenses, incident to any of the foregoing or incurred in investigating or attempting to avoid the same or to oppose the imposition thereof, or in enforcing this indemnity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Indemnification by PURCHASER</u>. PURCHASER hereby agrees to indemnify and hold SELLER harmless against and with respect to, and shall reimburse SELLER for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any and all losses, liabilities or damages resulting from any untrue representation, breach of warranty, or omission or nonfulfillment of any covenant by PURCHASER contained in this Share Purchase Agreement or in any certificate, Schedule, document, or instrument delivered to SELLER under this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any and all losses, liabilities, or damages, contingent or otherwise, resulting from the liabilities incurred on or after Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs, and expenses, including reasonable legal fees and expenses, incident to any of the foregoing or incurred in investigating or attempting to avoid the same or to oppose the imposition thereof, or in enforcing this indemnity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Procedure for indemnification.</u> The procedure for indemnification shall be as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The party claiming indemnification (the "Claimant") shall promptly give notice to the party from which indemnification is claimed (the "Indemnifying Party") of any claim, whether between the parties or brought by a third party, specifying in reasonable detail the factual basis for the claim. If the claim relates to an action, suit, or proceeding filed by a third party against Claimant, such notice shall be given by Claimant as soon as practicable after written notice of such action, suit, or proceeding was given to Claimant; <u>provided, however,</u> that the failure to provide such notice shall not release the Indemnifying Party from any of its obligations under this Section 8 except to the extent the Indemnifying Party is materially prejudiced by such failure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to claims solely between the parties, following receipt of notice from the Claimant of a claim, the Indemnifying Party shall have thirty days to make such investigation of the claim as the Indemnifying Party deems necessary or desirable. For the purposes of such investigation, the Claimant agrees to make available to the Indemnifying Party and/or its authorized representatives the information relied upon by the Claimant to substantiate the claim. If the Claimant and the Indemnifying Party agree at or prior to the expiration of the thirty-day period (or any mutually agreed upon extension thereof) to the validity and amount of such claim, the Indemnifying Party shall immediately pay to the Claimant the full amount of the claim. If the Claimant and the Indemnifying Party do not agree within the thirty-day period (or any mutually agreed upon extension thereof), the Claimant may seek appropriate remedy at law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With respect to any claim by a third party as to which the Claimant is entitled to indemnification under this Share Purchase Agreement, the Indemnifying Party shall have the right at its own expense, to participate in or assume control of the defense of such claim, and the Claimant shall cooperate fully with the Indemnifying Party subject to reimbursement for reasonable actual out-of-pocket expenses incurred by the Claimant as the result of a request by the Indemnifying Party to so cooperate. If the Indemnifying Party elects to assume control of the defense of any third party claim, the Claimant shall have the right to participate in the defense of such claim at its own expense. If the Indemnifying Party does not elect to assume control or otherwise participate in the defense of any third-party claim, it shall be bound by the results obtained by the Claimant with respect to such claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If a claim, whether between the parties or by a third party, requires immediate action, the parties will make every effort to reach a decision with respect thereto as expeditiously as possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The indemnification rights provided in Sections 8.2 and 8.4 shall extend to the Assignor Indemnified Parties in the case of PURCHASER although for the purpose of the procedures, any indemnification claims by such parties shall be made by and through the Claimant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding anything in this Share Purchase Agreement to the contrary, neither party shall indemnify or otherwise be liable to the other party for any breach of a representation or warranty, or for breach of any covenant in this Share Purchase Agreement, except to the extent the losses, obligations, liabilities, costs, and expenses of such party arising therefrom exceed in the aggregate Ten Thousand Dollars ($10,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Specific Performance.</u> The parties recognize that if SELLER breaches this Share Purchase Agreement and refuses to perform under the provisions of this Share Purchase Agreement, monetary damages alone would not be adequate to compensate PURCHASER for its injury. PURCHASER shall therefore be entitled, as its sole and exclusive remedy, to obtain specific performance of the terms of this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 <u>Attorneys' **FeesError! Bookmark not defined..**</u> In the event of a default by either party which results in a lawsuit or other proceeding for any remedy available under this Share Purchase Agreement, the prevailing party shall be entitled to reimbursement from the other party of its reasonable legal fees and expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7 <u>Tax Treatment of Indemnification Payments.</u> Any amount paid pursuant this Section shall be treated as an adjustment to the Purchase Price for all tax purposes.

SECTION 9. MISCELLANEOUS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Fees and Expenses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise provided in this Share Purchase Agreement, each party shall pay its own expenses incurred in connection with the authorization, preparation, execution, and performance of this Share Purchase Agreement, including all fees and expenses of counsel, accountants, agents, and representatives, and each party shall be responsible for all fees or commissions payable to any finder, broker, advisor, or similar person retained by or on behalf of such party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Notices</u>. All notices, demands, and requests required or permitted to be given under the provisions of this Share Purchase Agreement shall be (a) in writing, (b) sent by telecopy (with receipt personally confirmed by telephone), delivered by personal delivery, or sent by commercial delivery service or registered or certified mail, return receipt requested, (c) deemed to have been given on the date of personal delivery or the date set forth in the records of the delivery service or on the return receipt, and (d) addressed as follows:

To PURCHASER: llustrato Pictures International Inc. <br> 26 Broadway <br> New York, NV 10004

---

| | |
|:---|:---|
| with a copy to: | Donnell Suares, Esq. |
|  | 833 Flatbush Avenue, Suite 100 |
|  | Brooklyn, NY 11226 |
|  | Telephone: (718) 622-8450 |
|  | Telecopy: (718) 282-3113 |
| To SELLER: | Barbara Jean Whidby |
|  | 602 Water Tank Road |
|  | Canton |
|  | Cherokee County |
|  | Georgia |
|  | 30115 |
| with a copy to: | J. Marc Replogle, Esq. |
|  | The Replogle Firm, P.C. |
|  | 1820 The Exchange, Suite 150 |
|  | Atlanta, Georgia 30339 |

---

or to any other or additional persons and addresses as the parties may from time to time designate in a writing delivered in accordance with this Section 9.2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 <u>Assignment. Benefit and Binding Effect</u>. This Share Purchase Agreement may not be assigned by any party without the consent of all the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 Further Assurances. SELLER and PURCHASER shall take any actions and execute any other documents that may be necessary or desirable to the implementation and consummation of this Share Purchase Agreement or that, in the reasonable opinion of PURCHASER, may be necessary to ensure, complete, and evidence the full and effective transfer of the Shares to PURCHASER pursuant to this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 <u>Governing Law</u>. This Share Purchase Agreement and the rights and obligations of the parties hereto and any claims or disputes relating thereto shall be governed by and controlled under and in accordance with the laws of the State of Georgia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6 <u>Consent to Jurisdiction.</u> Each party to this Share Purchase Agreement hereby irrevocably and unconditionally:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) submits for itself and its property in any legal action or proceeding relating to this Share Purchase Agreement and the transactions contemplated hereby or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of Georgia, the courts of the United States of America for the Northern District of Georgia and appellate courts from any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum and agrees not to plead or claim the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) agrees that service of process in any such action or proceeding may be affected by mailing a copy thereof by commercial overnight carrier AND certified mail (or any substantially similar form of mail), postage prepaid, to such party at its address as provided in Section

&nbsp;&nbsp;&nbsp;&nbsp;9.2 hereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS SHARE PURCHASE AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7 <u>Headings Error! **Bookmark** not defined.</u>. The headings in this Share Purchase Agreement are included for ease of reference only and shall not control or affect the meaning or construction of the provisions of this Share Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8 <u>Gender and Number</u>. Words used in this Share Purchase Agreement, regardless of the gender and number specifically used, shall be deemed, and construed to include any other gender, masculine, feminine, or neuter, and any other number, singular or plural, as the context requires.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9 <u>Entire Agreement.</u> This Share Purchase Agreement, the schedules and exhibits hereto and thereto, and all documents, certificates, and other documents to be delivered by the parties pursuant hereto, collectively represent the entire understanding and agreement between SELLER and PURCHASER with respect to the subject matter hereof. This Share Purchase Agreement and the agreements referred to in the prior sentence supersede all prior negotiations between the parties and cannot be amended, supplemented, or changed except by an agreement in writing that makes specific reference to this Share Purchase Agreement and the agreements referred to in the prior sentence and which is signed by the party against which enforcement of any such amendment, supplement, or modification is sought.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.10 <u>No Presumption.</u> This Share Purchase Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.11 <u>Waiver of Compliance: Consents</u>. Except as otherwise provided in this Share Purchase Agreement, any failure of any of the parties to comply with any obligation, representation, warranty, covenant, agreement, or condition herein may be waived by the party entitled to the benefits thereof only by a written instrument signed by the party granting such waiver, but such waiver or failure to insist upon strict compliance with such obligation, representation, warranty, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure. Whenever this Share Purchase Agreement requires or permits consent by or on behalf of any party hereto, such consent shall be given in writing in a manner consistent with the requirements for a waiver of compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.12 <u>Counterparts.</u> This Share Purchase Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.13 <u>Severability.</u> If any provision in this Share Purchase Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions shall, nevertheless, continue in full force without being impaired or invalidated in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.14 Agreement Binding. This Share Purchase Agreement shall be binding upon, and shall inure to the benefit of, the parties as well as their legal representatives, agents, heirs, executors, administrators, successors, and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.15 <u>Consent as to Signature.</u> It is hereby expressly understood and agreed, and the parties do hereby affirm, that each party is authorized to execute this Share Purchase Agreement and that all such signatures are genuine and are freely, knowingly, and willingly affixed hereon, only after the consequences of the terms of this Share Purchase Agreement have been understood by all of the parties with the opportunity to have same explained to them by their respective counsel.

[Signatures on Next Page]

IN WITNESS WHEREOF, the parties hereto have duly executed this Share Purchase Agreement as of the day and year first above written.

Ilustrato Pictures International Inc.

By: <u>/s/ Nicolas Link</u> 

Name: <u>Nicolas Link</u>

Title: <u>CEO</u>

Georgia Fire & Rescue Supply, LLC

By: <u>/s/ Barbara Jean Whidby</u>

Name: <u>Barbara Jean Whidby</u>

Title: <u>Owner</u> 

**<u>Exhibit</u> <u>A</u>**

1) **Purchase and Sale**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Except as otherwise provided in this Share Purchase Agreement, all monetary amounts referred to in this Share Purchase Agreement are in USD (US Dollars).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The Seller agrees to sell, and the Purchaser agrees to purchase all the rights, title, interest, and property including all intellectual Property of the Seller pursuant to the purchase of the Shares for an aggregate cash purchase price of $900,000 (Nine Hundred Thousand Dollars) (the "Purchase Price") on the condition that the agreed Targets and Key Performance Indicators (KPls) in Exhibit B are met. If the Targets and KPls are not met within the agreed time as agreed in Exhibit B, in their entirety a sliding scale of payment will be paid which will be less than the full $900,000 purchase price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The total Purchase Price is to be paid in the following breakdown subject to the agreed conditions in Exhibit B being met.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Before closing of this Share Purchase Agreement, a fixed sum of $680,000 (Six Hundred Eighty Thousand) will be paid pursuant to an escrow agreement, to be agreed by Seller, to a facility to be established by the Purchaser with Donnell Suares Esq law firm, Suares Associates, with all associated fees to be paid by the Purchaser. Upon receipt into Escrow of the evidence displayed in Exhibit C from the Seller, $680,000 (Six Hundred Eighty Thousand Dollars) will be transferred to the Seller's nominated account from the escrow facility within two (2) business days. Should the escrow agreement terminate without payment to Seller, that is, if all evidence displayed in Exhibit C is not given to the Escrow Agent and/or the Escrow Agent returns the $680,000 to Purchaser, then this Share Purchase Agreement shall terminate and the Shares shall be returned to Seller, with no further obligations of the Parties to the others, except for any confidentiality terms intended to survive the termination of the Share Purchase Agreements. The Parties, however, may agree to continue negotiations to enter a new or revised share purchase agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) An aggregate $220,000 (Two Hundred Twenty Thousand Dollars) will be paid by the Purchaser over a one-year period after closing to the extent the business operations of Georgia Fire & Rescue Supply, LLC meet mutually agreeable performance thresholds, as structured below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) $170,000
 (One Hundred Seventy Thousand Dollars) to be paid in cash, pursuant to a promissory note
 to be executed by ILUS at closing and secured by the Shares and the FF&E and Inventory
 of the Company pending payment, following the meeting of the mutually agreed turnover for
 2022 and for the first quarter of 2022, which turnover targets shall be

included in the Share Purchase Agreement (Exhibit B), for the successful appointment and training of a mutually agreed General Manager during the second quarter of 2022, and provided that no additional discrepancies such as debts, lawsuits etc. (other than what has already been disclosed in the Due Diligence phase) have been found and unresolved by parties (Exhibit B).

ii) $50,000 (Fifty Thousand Dollars) to be paid over a 12-month period ($4,166 per month) for the mutually agreed retained consulting services of Jason Whidby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) The Purchaser will also issue the seller 1,500 (One Thousand Five Hundred) Convertible Preference F Shares in the public company llustrato Pictures International Inc. (Symbol: ILUS) within 30 days of the closing of this Share Purchase Agreement. These shares are 144 restricted shares which means they are restricted for a period as defined by rule 144 of the SEC. These shares convert to 1:100 equaling 150,000 (One Hundred Fifty Thousand) Common ILUS shares. The preferred stock subscription agreement must present the type of reasonable restrictions that are customary for these types of transactions and must contain a commitment by ILUS to register the common shares into which the preferred shares are converted; and Purchaser shall register those converted common shares and shall bear all costs, expenses, and fees associated with such registration so that such shares may be freely traded without restriction under Rule 144 or any other applicable securities law or regulation.

**Exhibit B**

To Qualify for the Aggregate Payment of $170,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Minimum
 Turnover (turnover also being known as gross revenue of the Company) for 2022 and Quarter
 1 (Excluding all taxes) - must
 be achieved for the period from 1 January 2022 to 31 December or as per the following table:

---

| | | | |
|:---|:---|:---|:---|
| **2022** Turnover **Target** | Q1 **Turnover Target** | **Percentage of Target** | **Aggregate Payment** |
| $3200000 | $800000 | Greater than 100% | $170000 |
| $3200000 | $800000 | 90-99 | $153000 |
| $3200000 | $800000 | 80-89 | $136000 |
| $3200000 | $800000 | 70-79 | $119000 |
| $3200000 | $800000 | 60-69 | $102000 |
| $3200000 | $800000 | 50-59 | $85000 |
| $3200000 | $800000 | less than 50% | $0 |

---

In **addition to the Turnover requirement, the following Key Performance Indices must also be achieved to qualify for relevant Aggregate Payment:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o A
 mutually agreed General Manager for the business is appointed and adequately trained to operate
 the business by 30 June 2022 (Second Quarter).

No additional discrepancies such as debts, lawsuits etc. (other than what has already been disclosed in the Due Diligence phase) have been found and remain unresolved by the parties.

**<u>Exhibit C</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Signed
 Sale Purchase agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Executed
 transfer of the shares or other agreed proof that the Shares have been transferred into the
 name of the Purchaser

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Member/Manager
 Resolution approving the sale of the company to the Purchaser

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Payment
 dispersement resolution

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Bank
 account logins

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Electronic
 access to the live company financials

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o New
 lease/rental agreement signed with Landlord

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Access
 to Georgia Fire & Rescue Supply, LLC website

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Signed
 employment and consulting contracts with Jason Whidby

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Any
 staff contracts requiring renewal to be signed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Signed
 acknowledgement from any key suppliers (where required)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Letter
 from Holmatro confirming they will continue doing business with Georgia Fire & Rescue
 Supply, LLC under the current Dealer Agreement with Georgia Fire & Rescue Supply, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Confirmation
 of any outstanding finance such as vehicle finance and confirmation that business assets
 such as vehicles are in name of business and not seller.

**<u>Exhibit D</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Identification Copy

**Exhibit "E"**

Escrow Agreement

See attached

**Exhibit "F"**

**PROMISSORY NOTE**

**FOR VALUE RECEIVED** (including the shares purchased in that certain Share Purchase Agreement (the **"Agreement"),** dated the J.5. day of February, 2022, by and among GEORGIA FIRE & RESCUE SUPPLY, LLC (the **"Company"),** BARBARA JEAN WHIDBY (the **"Seller''),** and ILUSTRATO PICTURES INTERNATIONAL, INC. (the **"Purchaser"** or **"ILUS"),** whose address is 26 Broadway, New York, NY 10004, referred to as **"Debtor",** promises to pay to the order of **Seller** (hereafter, together with any holder hereof. called **"Creditor"),** via certified check payable to Seller and delivered to Seller at its address set forth in the Agreement or via direct deposit or wire transfer in Creditor's account, with bank name, account name, account number, and routing number to be provided by Creditor at the time of Closing of the Agreement, or at such other place as Creditor may from time to time designate in writing, in lawful money of the United States of America. the principal sum due under Exhibit B of the signed Share Purchase Agreement, up to ONE HUNDRED SEVENTY THOUSAND AND 00/100 DOLLARS ($170,000.00), plus interest on the principal amount due at twelve percent (12%) per annum, which interest shall be waived by Seller if the principal payment set forth below is paid prior to or on the Due Date (defined below), which Exhibit B is set forth in italics below and incorporated by reference.

**Exhibit B**

**To *Qualify for the Aggregate Payment of $170,000:***

 **

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o *Minimum Turnover (turnover also being known as gross revenue of the Company) for 2022 and Quarter 1 (Excluding all taxes)* *- must be achieved for the period from 1 January 2022 to 31 December or as per thefollowing table:* 

 

---

| | | | |
|:---|:---|:---|:---|
| ***2022 Turnover Target*** | ***Q1 Turnover Target*** | ***Percentage of Target*** | ***Aggregate Payment*** |
| *$3200000* | *$800000* | *Greater than 100%* | *$170000* |
| *$3200000* | *$800000* | *90 -99* | *$153000* |
| *$3200000* | *$800000* | *80-89* | *$136000* |
| *$3200000* | *$800000* | *70 -79* | *$119000* |
| *$3200000* | *$800000* | *60 -69* | *$102000* |
| *$3200000* | *$800000* | *50 -59* | *$85000* |
| *$3200000* | *$800000* | *less than* 50% | *$0* |

---

 

**In addition to the Turnover requirement, the following Key Performance Indices must also be achieved to qualify for relevant Aggregate Payment:**

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o *A mutually agreed General Manager for the business is appointed and adequately trained to operate the business by 30 June 2022 (Second Quarter).* 

*No additional discrepancies such as debts, lawsuits etc. (other than what has already been disclosed in the Due Diligence phase) have been found and remain unresolved by the parties.*

The payment due hereunder shall be equal to the Aggregate Payment listed above based upon the referenced targets in Exhibit B and shall be made on or before the 3 JS1 day of January 2023 (the **·'Due Date").**

If any of the following circumstances should arise, then all of the obligations under this promissory note **("Note"),** at the option of Creditor, and without demand or notice of any kind, may be declared, and thereupon shall immediately become, in default and due and payable; and Debtor shall pay all expenses of Creditor in collection of this Note, including attorney's fees, as hereinafter set forth, if this Note is collected by or through an attorney-at-law, plus accrued interest, said circumstances being:

&nbsp;&nbsp;&nbsp;&nbsp;(i) nonpayment when due of the amount payable under this Note; or (ii) Debtor's insolvency (as defined in the Uniform Commercial Code in effect at that time in Georgia), or the filing of a petition in bankruptcy by or against Debtor, or the appointment of a receiver for any part of the property or assets of Debtor.

From and after the occurrence of any default under this Note or after the maturity hereof, whether by acceleration or otherwise, interest hereunder shall accrue at the rate of eighteen percent (18.0%) per annum ("Default Rate"). Interest accruing at the Default Rate shall be payable upon demand.

Debtor hereby waives demand, presentment of payment, notice of nonpayment, protest, notice of protest, and all other notice of diligence in collecting this Note or notice of suit. No delay or failure on the part of Creditor in the exercise of any right or remedy hereunder shall operate as a waiver thereof. and no single or partial exercise by Creditor of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy.

The indebtedness evidenced by this Note may be prepaid in whole or in part at any time without any penalty.

In no event shall any amount of interest due or payable hereunder exceed the maximum rate of interest allowed by applicable law, and in the event any such payment is inadvertently paid by Debtor or inadvertently received by Creditor, then such excess sum shall be credited as a payment of principal, unless Debtor shall notify Creditor, in writing, that Debtor elects to have such excess sum returned to Debtor forthwith. It is the express intent hereof that Debtor not pay and Creditor not receive, directly or indirectly, in any manner whatsoever, interest in excess of that which may be legally paid by Debtor under applicable law.

Time is of the essence of this Note.

The payments due hereunder shall be secured by, and the Seller shall have a security interest in, the Shares, as defined in the Agreement, and all the Furniture, Fixtures, Equipment, (FFE) and Inventory of the Company, as well as proceeds and after acquired property in the Company (which does not include any assets of ILUS outside of the Company). Should Debtor default hereunder, Seller shall be entitled to recover, at Seller's discretion and without waiver of any other remedy by law or as set forth herein above, and Debtor shall surrender to Seller, all of the Shares as well as the FFE & Inventory of the Company, pursuant to the Agreement.

If this Note is collected by or through an attorney at law, or under advice therefrom, Debtor agrees to pay all costs of collection, including reasonable attorney's fees of fifteen percent (I 5%) of the total unpaid amount due hereunder.

This Note may not be assigned by Debtor.

This Note, and any other claim or cause of action arising out of the relationship between or among the parties herein (including, but not limited to, causes of action sounding in tort), shall be governed by, and construed in accordance with, the laws of the State of Georgia.

If any provision of this Note, or the application of such provision to any person, entity, or circumstance, shall be held invalid, void, or unenforceable, then the remainder of this Note, or the application of such provision to persons, entities, or circumstances other than those as to which it is held invalid, shall, nevertheless, continue in full force without being impaired or invalidated in any way.

Debtor hereby consents to the jurisdiction and venue of the Superior Court or State Court of Cherokee County, Georgia, for adjudication of all disputes between or among the parties under this Note. Debtor hereby waives any objections or defenses to jurisdiction or venue in any such proceeding before such Courts.

It is hereby expressly understood and agreed, and Debtor does hereby represent, covenant, and warrant, that the signature hereon of Debtor's duly authorized representative is genuine and is freely, knowingly, and willingly affixed hereon, only after the consequences of the tenns of this Note have been understood by Debtor and explained to Debtor by Debtor's respective counsel.

Debtor represents and acknowledges that in executing this Note, Debtor does not rely and has not relied upon any representation or statement not set forth herein with regard to the subject matter, basis, or effect of this Note.

[Signatures on Next Page]

Agreed by Debtor and effective as of this <u>15</u> day of February, 2022.

---

| | |
|:---|:---|
|  | **DEBTOR** |
|  | **"ILUS"** |
|  | By: <u>/s/ Nicolas Link</u> (SEAL) |
|  | Printed Name: <u>Nicolas Link</u> |
|  | Title: <u>CEO</u> |
| Witnessed by: |  |
| By: <u>/s/ John Paul Backwell</u> |  |
| Name: <u>John Paul Backwell</u> |  |
| Title: <u>Director</u> |  |

---

## Exhibit 2.8

**STOCK PURCHASE AGREEMENT**

**THIS STOCK PURCHASE AGREEMENT** (this "Agreement"), dated as of May 10, 2020, is made by and between the Sellers listed on Schedule A hereto ("Sellers", and individually a "Seller" LEE LARSON ELMORE) and FB Technologies Global ,Inc a Delaware Corporation hereto ("Buyer").

**RECITALS**

**WHEREAS**, Sellers own 60,741,000 shares of ILUS Class D Preferred Stock and 10,000,000 shares of ILUS Class A Preferred Stock and 360,000,000 common (herein, collectively referred to as the Control block ("Shares") of Ilustrato Pictures International, Inc.a Nevada corporation (the "Company"), which Shares constitute the issued and outstanding Capital stock of the company will be confirmed and issued by the transfer agent to buyer and or its designees to be determined

**WHEREAS,** Buyer wishes to acquire from Sellers, and Sellers wish to transfer to Buyer, the Shares, upon the terms and subject to the conditions set forth herein.

Accordingly, the parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Purchase
 and Sale of Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Purchased Shares. Subject to the terms and conditions provided below, Sellers shall sell and transfer to Buyer and Buyer shall purchase from Sellers, on the Closing Date (as hereinafter defined) the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Purchase Price and Terms: The total purchase price of cash and promissory note for the Shares is One hundred and Forty Thousand($140,000.00) of which Twenty Thousand Dollars ($20,000.00) Dollars shall be transferred to the Sellers payable upon execution of this agreement payable provided in Section 2.2(b) below and the balance of Thirty Thousand ($30,000.00) shall be paid in 3 installments of Ten Thousand ($10,000) per month for 3 months and the balance of Ninety Thousand and No Dollars ($90,000.00) will be evidenced by a promissory note at an interest rate of 6% per annum for a one year term and with conversion rights of 40% of stock market price with look back provision 5 days . Upon signing this agreement and making the payment of $20,000.00 the issuance of the control block of 360,000,000 common and Preferred Class A and Preferred Class D will be transferred to the buyer and confirmed by the Transfer Agent

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Closing. Subject to the terms and conditions of this Agreement, the closing of the transactions contemplated in this Agreement (the "Closing") shall take place on May 10, 2020 place ,or as soon as possible or when possible waiver or satisfaction of the conditions set forth in this Agreement or at such other time upon which the parties agree to extend.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Closing Conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 Buyer's Conditions to Closing. Buyer's obligations hereunder to purchase and pay for the Shares are subject to the satisfaction, on or before the Closing, of the following conditions, any of which may be waived, in whole or in part, by the Buyer in its sole discretion, and each Seller shall use its best efforts to cause such conditions to be fulfilled:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Representations and Warranties Correct; Performance. The representations and warranties of Sellers contained in this Agreement (including the exhibits and schedules hereto) shall be true, complete and accurate when made and on and as of the date hereof. Sellers shall have duly and properly performed, complied with and observed their covenants, agreements and obligations contained in this Agreement to be performed, complied with and observed on or before the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Purchase Permitted by Applicable Laws. The purchase of and payment for the Shares to be acquired by Buyer hereunder shall not be prohibited by any applicable law or governmental regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Delivery of Documents. Sellers shall have delivered, or caused to be deliver or to confirm by accessing the disclosure filings of the OTC delivered or to confirm in accordance with the terms of Seller, and Buyer (i) according to the recorded filings as on a true and complete copy of the Articles of Incorporation of the Company and all amendments; as to the recorded filings (ii) a true and complete copy of the Bylaws of the Company and all amendments; (iii) a good standing certificate for the Company from the Secretary of State of the State of Nevada as of a recent date; (iv) ledger recording at Transfer to buyer name representing the Shares, duly endorsed for transfer or accompanied by (v) an updated true and complete shareholder list from the Company's transfer agent; (vi) the executed signature pages to this Agreement signed by Sellers; (vii) resignation letters of all current officers and directors of the Company and resolutions appointing such designees as shall be chosen by Buyer, all effective upon the Closing; and (viii) all other consents, agreements, schedules, documents and exhibits required by this Agreement to be delivered by Sellers at or before the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Appointment of New Directors; Resignation of Officers and Directors. On or Before the Closing, Sellers shall have taken all appropriate actions to: duly appointed to the board of directors and as the officers of the Company such designees as Buyer shall choose and deliver the written resignations of all current officers and directors of the Company . Larson Elmore the Current CEO and Director will resign but will continue to serve as a designated title to be determined for a period of 6 months without compensation during the transition of the company with the appointment of the new Directors and or Officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No Adverse Decision. There shall be no action, suit, investigation or proceeding pending or threatened by or before any court, arbitrator or administrative or governmental body which seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Approvals and Consents. Sellers shall have duly obtained all authorizations, consents, rulings, approvals, licenses, franchises, permits and certificates, or exemptions therefrom, by or of all federal, state and local governmental authorities and non-governmental administrative or regulatory agencies having jurisdiction over the parties hereto, this Agreement, the Shares, or the transactions contemplated hereby, including, without limitation, all third parties pursuant to existing agreements or instruments by which any Seller may be bound, which are required for the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, at no cost or other adverse consequence to Buyer or the Company and all thereof shall be in full force and effect at the time of Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 Sellers' Conditions to Closing. The obligation of Sellers to consummate the transactions contemplated hereby are subject to the fulfillment of the following conditions on or prior to the Closing, any of which may be waived, in whole or in part, by Sellers and each Buyer shall use its best efforts to cause such conditions to be fulfilled:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Adverse Decision. There shall be no action, suit, investigation or proceeding pending or threatened by or before any court, arbitrator or administrative or governmental body which seeks to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or questions the validity or legality of any such transactions or seeks to recover damages or to obtain other relief in connection with any such transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Payment of Purchase Price. The aggregate purchase price for the Shares is One Hundred and Forty Thousand ($140,000.00) of which $20,000.00 shall be paid on execution of this agreement to the seller and the balance of thirty thousand in 3 monthly installments of ten thousand ($10,000.00) which the balance of Ninety Thousand shall be evidence by a promissory note at the rate of 6% interest for one year with conversion rights of 40% of the market price with a 5 day look back .

Closing will occur upon the Issuance of the shares to the buyer and the delivery of the document as to Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Representations
 and Warranties of Seller. Sellers represent and warrant to Buyer, jointly and severally,
 as of the date of this Agreement and as of the Closing Date as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Organization and Good Standing. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, and has the requisite corporate power to own its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary other than those jurisdictions in which the failure to so qualify would not have a material and adverse effect on the business, operations, properties, prospects or condition (financial or otherwise) of the Company. The Company's Common Stock is listed and traded on the OTCPink. The Company is not in violation of any OTC Markets requirements for trading and does not anticipate that the stock will be delisted in the future. The Company's Common Stock is DTC eligible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Authority. Each Seller has the requisite power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement. The execution, delivery and performance of this Agreement by Sellers and Buyer and the consummation by each of the transactions contemplated hereby by each Seller and the Company, have been duly authorized by all necessary action on the part of each Seller and the Company. This Agreement has been duly executed and delivered by each Seller and constitutes a valid and binding obligation of each Seller, enforceable against each Seller in accordance with its terms, subject to: (i) applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and (ii) general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity). The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby do not and will not result in a breach, violation or default or give rise to an event which, with the giving of notice or after the passage of time, or both, would result in a breach, violation or default of any of the terms or provisions of the Company's Articles of Incorporation, By-Laws or of any material indenture, agreement, judgment, decree or other instrument or restriction to which a Seller or the Company are a party or by which a Seller, the Company or any of the assets of the Company may be bound or affected; the execution and delivery of this Agreement have been and, as of the Closing Date, the consummation of the transactions contemplated hereby will have been, duly authorized, and no authorization or approval, whether of the shareholders or directors of the Company or of governmental bodies or otherwise, will be necessary in order to enable the Company or Sellers to enter into and perform same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Capitalization. The authorized capital stock of the Company consists issued 767,297,266 shares of common $0.001 par value and issued of 10,000, 0000 shares of Class A Preferred stock of 0.001 par value 60,741,000 shares of Class D Preferred stock at $0.001 par value, of which 60,741,000 shares are issued and outstanding and 360,000,000 of common shares are issued. The Shares being sold to Buyer constitute a control block of the issued and outstanding capital stock of the Company are directly owned of record and beneficially by Sellers, have been duly authorized and validly issued and are fully paid and non-assessable herein sets forth a true and complete history of the issuance and cancellation, where applicable, of all the shares of capital stock of the Company and the share certificates evidencing the same, which have heretofore been issued by the Company. There are no securities of the Company outstanding that contain anti-dilution or similar provisions that will be triggered by the sale of the Shares. There are no outstanding preemptive, conversion or other rights, options, warrants or agreements granted or issued by or binding upon the Company for the purchase or acquisition of any shares of the Company's capital stock, including, without limitation, the Shares. Sellers will, at the Closing, transfer to Buyer good title to the Shares, free and clear of any mortgages, liens, pledges, security interests, charges, restrictions, claims or encumbrances of any nature. The Company does not hold any equity interest in any other entity. There are no agreements for the registration of any outstanding common shares of the Company' stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Liabilities. Following the Closing, Sellers will have no debts, liabilities or obligations relating to the Company or its business or activities, and the Company will have no debts or liabilities whether before or after the Closing, and there are no outstanding guaranties, performance or payment bonds, letters of credit or other contingent contractual obligations that have been undertaken by any Seller directly or indirectly in relation to the Company or its business or by the Company and that may survive the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Litigation. There are no actions, suits, proceedings or investigations (including any purportedly on behalf of the Company or Sellers) pending or threatened against or affecting the businesses or properties of the Company or Sellers, whether at law or in equity or admiralty or before or by any governmental department, commission, board,

agency, court or instrumentality, domestic or foreign; nor is the operating under, subject to, in violation of or in default with respect to, any judgment, order, writ, injunction or degree of any court or other governmental department, commission, board, agency or instrumentality, domestic or foreign. No written inquiries or oral inquiries have been made directly to a Seller by any governmental agency which might form the basis of any such action, suit, proceeding or investigation, or which might require the Company to undertake a course of action which would involve any expense. No filings have been made by any present or former employee with the Equal Employment Opportunity Commission or any governmental agency, asserting any claim based on alleged race, gender (including, without limitation, sexual harassment), age or other type of discrimination on the part of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Transactions with Affiliates. There are no existing loans, leases, royalty agreements, employment contracts, webmaster agreements or any other agreement or arrangement, oral or written, between the Company, on the one hand, and any past or present shareholder or director of the Company (or any member of the immediate family of such shareholder or director of any entity in which such shareholder or director has any equity or other economic interest), on the other hand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Enforceability. The execution, delivery and performance by Sellers of this Agreement are within Sellers' powers. This Agreement has been duly executed and delivered by Sellers and constitutes the valid and binding agreement of Sellers, enforceable against Sellers in according to its terms, except to the extent that its enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the enforcement of creditors' rights generally and by general equitable principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) No Untrue Representation or Warranty. No representation or warranty made by Sellers or the Company contained in this Agreement or any attachment, statement, schedule, exhibit, certificate or instrument furnished or to be furnished to Buyer by pursuant hereto, or otherwise furnished in writing by in connection with the transactions contemplated hereby contains or will contain any untrue statement of a material fact, or omits or will omit to state any material fact necessary to make the statements contained herein or therein not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Books and Records. The books of account, minute books, stock record books, and other records of the Company, all of which have been made available to Buyer, are accurate and complete in all material respects, and the Company has all the information it needs to complete its Quarterly Reports with the OTC for the periods ended September 30, 2019 and its Annual Report with the OTC for the period ended December 31, 2019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Taxes. The Company has made or filed all federal and state income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject and has paid all taxes and other governmental assessments and charges shown or determined to be due on such returns, reports and declarations, except those being contested in good faith and has set aside on its books provision reasonably adequate for the payment of all taxes for periods subsequent to which such returns, reports or declarations apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Patents, Trademarks, Etc. There are no inventions, licenses, patents, patent applications, trademarks, copyrights, trademark or copyright applications or registrations, pending or existing, owned by or registered in the name of the Company and the present conduct of the business of the Company does not infringe upon or violate any patents, trademarks, trade names, trade secrets or copyrights of anyone, nor has the Company received any notice of any infringement thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Compliance with Law. The Company is not in violation of any laws, governmental orders, rules or regulations, whether federal, state or local, to which it or any of its properties are subject, which may have a material adverse effect as to the Company, or its assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) OTC Markets, Financial Statements**.** The Company has delivered to Buyer true and complete copies of all reports, schedules, forms, statements and other documents required to be filed by it with OTC Markets, Inc. ("OTC") pursuant to the OTC Pink Basic Disclosure Guidelines (the "OTC Documents"), except for exhibits and incorporated documents. The Company has not provided to Buyer any information which, according to applicable law, rule or regulation, should have been disclosed publicly by the Company but which has not been so disclosed, other than with respect to the transactions contemplated by this Agreement.

As of their respective dates, the OTC Documents complied in all material respects with the requirements of the OTC Pink Basic Disclosure Guidelines and the rules and regulations of the OTC relating thereto and any other federal, state and local laws, rules and regulations applicable to such OTC Documents, and none of the OTC Documents contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The financial statements of the Company included in the OTC Documents comply as to form in all material respects with applicable accounting requirements

and the published rules and regulations of the OTC or other applicable rules and regulations with respect thereto. Such financial statements have been prepared in accordance with generally accepted accounting principles applied on a consistent basis during the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto or (ii) in the case of unaudited interim statements, to the extent they may not include footnotes or may be condensed or summary statements) and fairly present in all material respects the financial position of the Company as of the dates thereof and the results of operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). The Company's common stock is not required to be registered under the Securities Exchange Act of 1934, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Absence of Certain Changes**.** there has been no material adverse change and no material adverse development in the business, properties, operations, financial condition, or results of operations of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Full Disclosure**.** There is no fact known to the Company or any Seller (other than general economic conditions known to the public generally) that has not been disclosed in writing to Buyer that: (i) would reasonably be expected to have a material adverse effect on the business or financial condition of the Company or (ii) would reasonably be expected to materially and adversely affect the ability of the Company to perform its obligations pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;4. Representations and Warranties of Buyer. Buyer represents and warrants to Sellers as of the date hereof as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Authority. Buyer has full power and capacity to execute and deliver this Agreement and to perform its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Enforceability. This Agreement constitutes the valid and binding obligation of Buyer, enforceable in accordance with its terms, except as enforceability is limited by: (i) any applicable bankruptcy, insolvency, reorganization, moratorium, or similar law affecting creditors' rights generally or (ii) general principles of equity, whether considered in a proceeding in equity or at law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Consents. Buyer is not required to obtain the consent of any person, including the consent of any party to any contract to which Buyer is a party, in connection with execution and delivery of this Agreement and performance of its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Covenants
 of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Further Assurances. Each of the parties agrees that, at any time after the Closing, upon the request of the other party each will do, execute, acknowledge and deliver, or will cause to be done, executed, acknowledged and delivered, all such further acknowledgments, deeds, assignments, bills of sale, transfers, conveyances, instruments, consents and assurances as may reasonably be required for the better assigning, transferring, granting, conveying, assuring and confirming to Buyer, its successors and assigns, the Shares to be sold or assigned to Buyer as provided herein and effecting the other covenants contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Cooperation. The parties shall cooperate with each other fully with respect to actions required or requested to be undertaken with respect to tax audits, administrative actions or proceedings, litigation and any other matters that may occur after the Closing, and each party shall maintain and make available to the other party upon request all corporate, tax and other records required or requested in connection with such matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Publicity. Each of the parties hereto agrees that no publicity release or announcement concerning the transactions contemplated hereby or the terms and conditions of this Agreement shall be issued without the advance approval of the form and substance thereof by Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Miscellaneous.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Counterparts and Electronic Means. This Agreement may be signed in any number of counterparts, each of which will be deemed an original but all of which together shall constitute one and the same instrument. This Agreement may be signed by facsimile or other means of electronic communication capable of reproducing a printed copy and shall be deemed effective for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Amendments
 and Waivers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No
 provision of this Agreement may be amended or waived unless such amendment or waiver is in
 writing and is signed, in the case of an amendment, by each party to this Agreement, or in
 the case of a waiver, by the party against whom the waiver is to be effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No
 failure or delay by any party in exercising any right, power or privilege hereunder will
 operate as a waiver thereof nor will any single or partial exercise thereof preclude any
 other or further exercise thereof or the exercise of any other right, power or privilege.
 The rights and remedies herein provided will be cumulative and not exclusive of any rights
 or remedies provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Third Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their permitted successors and assigns and nothing herein expressed or implied will give or be construed to give to any person, other than the parties hereto, and such permitted successors and assigns, any legal or equitable rights hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Governing Law. This Agreement will be governed by, and construed in accordance with, the internal substantive law of the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Headings. The headings in this Agreement are for convenience of reference only and will not control or affect the meaning or construction of any provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Entire Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter of this Agreement. This Agreement supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter hereof of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Severability. If any provision of this Agreement or the application of any such provision to any person or circumstance is held invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, the remainder of the provisions of this Agreement (or the application of such provision in other jurisdictions or to Persons or circumstances other than those to which it was held invalid, illegal or unenforceable) will in no way be affected, impaired or invalidated, and to the extent permitted by applicable law, any such provision will be restricted in applicability or reformed to the minimum extent required for such provision to be enforceable. This provision will be interpreted and enforced to give effect to the original written intent of the parties prior to the determination of such invalidity or unenforceability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notices. Any notice, request or other communication hereunder shall be given in writing, electronically digitally and or shall be served either personally, by overnight delivery or delivered by mail, certified return receipt and addressed to the following addresses:

If to Buyers :FB Technologies

Global ,Inc A Delaware Corporation

By: Nicolas Link

<u>/s/ Nicolas Link</u><u> </u>

If to Sellers:

c/o Larson Elmore,

15954 Jackson Creek Parkway, Ste. B-322

Monument, Colorado 80132

By: <u>/s/ Lee Larson Elmore</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Survival
 and Indemnity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Survival
 of Covenants, Representations and Warranties. The representations and warranties set forth
 in Sections 3 and 4, the covenants set forth in Section 5 and the provisions of this Section
 6 shall survive and remain in effect following the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Indemnity
 Against Claims. Sellers, jointly and severally, hereby agree to indemnify and hold each Buyer
 harmless from and against the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Any and all liabilities, losses, damages, claims, costs and reasonable expenses suffered by Buyer (whether awarded against Buyer or paid by Buyer in settlement of a claim), resulting from any misrepresentation, breach of any warranty, or non-fulfillment of any covenant or agreement on the part of Sellers contained in this Agreement or in any written statement, attachment, schedule, exhibit or certificate furnished or to be furnished by Sellers to Buyer pursuant hereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any and all actions, suits, proceedings, demands, assessments or judgments, costs and reasonable expenses (including reasonable attorneys' fees) incident to any of the foregoing and any and all actions, suits, proceedings, demands, assessments or judgments, costs and reasonable expenses (including reasonable attorneys' fees) incident to the operation of the Company prior to the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notice of Claim, Assumption of Defense and Settlement of Claims. A Buyer shall promptly give notice (an "Indemnification Notice") in accordance with paragraph (h) of this Section 6 to Seller (herein, the "Indemnifying Party") after Buyer shall have knowledge of any demands, claims, actions or causes of action (singly, a "Claim" and hereinafter referred to collectively as "Claims") which might give rise to a Claim by Buyer against Sellers stating the nature and basis of said Claim and amount therefore but not to exceed the amount of funds for the the to the extent known not to exceed the limit of $10,000. A failure to give notice hereunder shall not relieve the Indemnifying Party from any obligation hereunder unless such failure to give notice shall materially and adversely affect Indemnifying Party's ability to defend the Claim. Each such Indemnification Notice shall specify in reasonable detail the nature and amount of the Claim and shall, to the extent available to Buyer, include such supporting documentation as shall reasonably be necessary to apprise the Indemnifying Party of the facts giving rise to the Claim. After the delivery of an Indemnification Notice certifying that Buyer has incurred or had asserted against it any liabilities, claims, losses, damages, costs or expenses for which indemnity may be sought in accordance with the terms of this paragraph (j) of this Section 6 (the "Damages"), Buyer shall make a claim in an amount equal to the incurred Damages or asserted Damages, as the case may be (which, in the case of any asserted Damages shall include each Buyer's reasonably estimated cost of the defense thereof, hereinafter the "Estimated Defense Costs"). The right to indemnification hereof and the amount or estimated amount thereof, as set forth in such notice, shall be deemed agreed to by the Indemnifying Party unless, within 30 days after the date of such notice (the expiration of such 30-day period being hereinafter referred to as the "Liability Notice Deadline Date"), Buyer is notified in writing pursuant to paragraph (h) of this Section 6 that the Indemnifying Party disputes the right to indemnification as set forth or estimated in such notice or that it elects to defend, in the manner hereinafter provided, the claim of a third party giving rise to such indemnification right. If the Indemnifying Party disputes the right to indemnification as herein above provided or elects to defend the claim of the third party, the same shall be deemed determined when finally

determined by a court or tribunal from which no appeal is or may be taken or when the defense thereto.

With respect to any third party Claims made subsequent to the Closing, the following procedures shall be observed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Promptly after delivery of an Indemnification Notice in respect of a Claim, the Indemnifying Party may elect, by written notice to Buyer, to undertake the defense thereof with counsel reasonably satisfactory to Buyer and at the sole

cost and expense of the Indemnifying Party. In the event the Indemnifying Party elects to assume the defense of any such Claim, it shall not, except as provided in paragraph (ii) below, be liable to Buyer for any legal fees, costs and expenses incurred by Buyer after the date thereof, in connection with such defense. Buyer shall have the right to participate in, but not control the conduct of, any such action through counsel of its own choosing, at its own expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Unless
 and until the Indemnifying Party assumes the defense of the third party Claim as provided
 in paragraph (i) above, or in the event the Indemnifying Party ceases to conduct such defense,
 Buyer may defend against the third party Claim in any manner it reasonably may deem appropriate,
 at the expense of the Indemnifying Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Failure
 by the Indemnifying Party to notify Buyer of its election to defend any such action by the
 Liability Notice Deadline Date shall be deemed a waiver by the Indemnifying Party of its
 right to defend such action. If the Indemnifying Party assumes the defense of any such Claim,
 its obligations hereunder as to such Claim shall be limited to taking all steps necessary
 in the defense or settlement of such Claim and to holding Buyer harmless from and against
 any and all losses, damages, expenses and liabilities awarded in any such proceeding or arising
 out of any settlement approved by the Indemnifying Party or any judgment in connection with
 such Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The
 Indemnifying Party shall not, in the defense of any such Claim, consent to the entry of any
 judgment or enter into any settlement with respect to the third party Claim without the prior
 written consent of Buyer (which consent shall not be unreasonably withheld, conditioned or
 delayed), except that no consent of Buyer shall be required if the judgment or proposed settlement
 (1) involves only the payment of money damages to be paid by the Indemnifying Party and does
 not impose any injunction or other equitable relief upon Buyer, (2) includes as an unconditional
 term thereof a full dismissal of the litigation or proceeding with prejudice and the delivery
 by the claimant or plaintiff to Buyer of a release from all liability with respect to such
 claim or litigation, and (3) does not by its terms attribute liability to Buyer.

In no event may Buyer consent to the entry of any judgment or enter into any settlement with respect to the third party Claim without the prior written consent of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned or delayed.

Buyer will cooperate fully with the Indemnifying Party in the conduct of any proceeding as to which the Indemnifying Party assumes the defense hereunder. Such cooperation shall include: (i) providing the Indemnifying Party and its counsel access to all books and records of the Company to the extent reasonably related to such proceeding; (ii) furnishing information about Buyer to the Indemnifying Party and their counsel; (iii) making employees available to counsel to the Indemnifying Party; and (iv) preserving the existence of and maintaining all books and records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Remedies Cumulative. The remedies provided to Buyer herein shall be only for the funds advanced to seller and shall preclude Buyer from asserting any other rights or seeking any other remedies against an Indemnifying Party or his or its respective heirs, successors or assigns. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent or subsequent assertion or employment of any other appropriate right or remedy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Termination. This Agreement may be terminated at any time prior to the Closing Date contemplated hereby by either party:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 termination by either parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Sellers,
 if there has been a material breach by Buyer of any material
 representation, warranty, covenant or agreement set forth in this Agreement on the part of
 Buyer that is not cured, to the reasonable satisfaction of Sellers, within 2 Business Days
 after notice of such breach is given by Sellers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Buyer,
 if there has been a material breach by Sellers of any material representation, warranty,
 covenant or agreement set forth in this Agreement on the part of Seller that is not cured
 by the breaching party, to the reasonable satisfaction of Buyer, within 2 Business Days after notice of such breach is given by Buyer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Sellers,
 on the one hand, or Buyer, on the other hand, if the transaction contemplated by this Agreement
 has not been consummated prior May 10, 2020 through no fault of the party terminating the
 Agreement, unless the parties hereto agree to extend such date in writing; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any
 party if any permanent injunction or other order of a governmental entity of competent authority preventing the consummation of the transaction contemplated by this Agreement has become final and non-appealable.(in any case, each
 a "Termination Date").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Currency. All monetary amounts set out herein are stated in United States dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Schedules and Exhibits. The schedules and exhibits are attached to this Agreement and incorporated herein.

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 **

**SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT**

**IN WITNESS WHEREOF**, the parties hereto have caused this Agreement to be duly executed and delivered, effective as of the date first above written.

**SELLER(S)**

**:**

Larson Elmore Title:Managing Member Date: May

10, 2020

Signature:

<u>/s/</u> <u>Lee Larson Elmore</u>

**BUYER: FB Technologies Global, Inc Address:**

**Signature: <u>/s/ Nicolas Link</u>**

**Title _______________________________**

**SCHEDULE** **"A"**

---

| | |
|:---|:---|
| **LIST OF SELLERS:** | **TO BE SOLD TO BUYER -10,000 ,000 Preferred** |
| LEE LARSON ELMORE | **Class A , 60,741,000 Preferred Class D and** |
|  | **360,000,000 common** |
|  | **Total Amount :** |
|  | **$140000. 00** |
|  | **Confirmation and Delivery at Closing** |
|  | **Good Standing Letter of Sec of State of Nevada** |
|  | **Resignation Letter of CEO and** |
|  | **Director** |
|  | **Appointment of New CEO and Director** |
|  | **Board Resolution Letter to Security Transfer Corporation** |
|  | **Current Share Holder list by Transfer Agent** <br> **Current** |
|  | **Issuance confirmation of Control Block of Preferred Class A and D and 360,000,000 common shares from Transfer Agent to Buyer** |

---

## Exhibit 4.14

**THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.**

**ILUSTRATO PICTURES INTERNATIONAL, INC.** 

**CONVERTIBLE PROMISSORY NOTE**

Principal Amount: **$200,000.00 USD** 

August 25, 2022

WHEREAS on August 25, 2022, RB Capital Partners, Inc., with its offices at 2856 Torrey Pines Road, La Jolla, California 92037 (the "Holder") loaned funds totaling, $200,000.00 to Ilustrato Pictures International, Inc., a Nevada corporation with its office at 26 Broadway; Suite 934; New York, NY 10004 (the "Company"). Payment for the loan was made directly to the Company in the form of a Wire Transfer.

WHEREAS the Company and Holder further agreed that such services provided by the Holder to the Company would be evidenced in a convertible note, which convertible note would be convertible into shares of common stock of the Company at the rate of $0.50 in accordance with Section 3 below;

NOW THEREFORE THIS AGREEMENT WITNESSES that for and in consideration of the mutual premises and the mutual covenants and agreements contained herein, the parties covenant and agree each with the other as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Principal and Interest.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 The Company, for value received, hereby promises to pay to the order of the Holder the sum of Two Hundred Thousand Dollars ($200,000.00), which amount represents the amount owed to Holder as of August 25, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 This Convertible Promissory Note (the "Note") shall bear five percent (5%) interest per annum. The Note is for a period of (24) months and cannot be converted until (12) months from the date first written above has passed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Upon payment in full of the principal, this Note shall be surrendered to the Company for cancellation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The principal under this Note shall be payable at the principal office of the Company and shall be forwarded to the address of the Holder hereof as such Holder shall from time to time designate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Attorney's Fees.</u> If the indebtedness represented by this Note or any part thereof is collected in bankruptcy, receivership or other judicial proceedings or if this Note is placed in the hands of attorneys for collection after default, the Company agrees to pay, in addition to the principal payable hereunder, reasonable attorneys' fees and costs incurred by the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Conversion.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Voluntary Conversion.</u> The Holder shall have the right, exercisable in whole or in part, to convert the outstanding principal into a number of fully paid and non-assessable whole shares of the Company's $0.001 Par Value common stock ("Common Stock") determined in accordance with Section 3.2 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Shares Issuable.</u> The number of whole shares of Common Stock into which this Note may be voluntarily converted (the "Conversion Shares") shall be determined by dividing the aggregate principal amount borrowed hereunder by $0.50 (the "Note Conversion Price"); provided, however, that, in no event, shall Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common stock beneficially owned by Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of this Note or the unexercised or unconverted portion of any other security of Maker subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of common stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in the beneficial ownership by Holder and its affiliates of more than 4.99% of the outstanding shares of common stock of the Company. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934 and Regulation 13D-G thereunder, except as otherwise provided in clause

&nbsp;&nbsp;&nbsp;&nbsp;(1) of such proviso. The number of shares of Common Stock to be issued upon each conversion

of this Note shall be determined by dividing the Conversion Amount (as defined below) by the Note Conversion Price. The Term "Conversion Amount" means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus, (2) at the Company's option, accrued and unpaid interest, if any, on such principal amount at the interest rate provided in this Note to the conversion date, provided; however, that the Company shall have the right to pay any or all interest in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Notice and Conversion Procedures.</u> After receipt of demand for repayment, the Company agrees to give the Holder notice at least five (5) business days prior to the time that the Company repays this Note. If the Holder elects to convert this Note, the Holder shall provide the Company with a written notice of conversion setting forth the amount to be converted. The notice must be delivered to the Company together with this Note. Within twenty (20) business days of receipt of such notice, the Company shall deliver to the Holder certificate(s) for the Common Stock

issuable upon such conversion and, if the entire principal amount was not so converted, a new note representing such balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Other Conversion Provisions.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Adjustment of Note Conversion Price.</u> In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a reverse stock split and subdivision of the Company's issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be unaffected. In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a forward stock split and subdivision of the Company's issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be unaffected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Common Stock Defined.</u> Whenever reference is made in this Note to the shares of Common Stock, the term "Common Stock" shall mean the Common Stock of the Company authorized as of the date hereof, and any other class of stock ranking on a parity with such Common Stock. Shares issuable upon conversion hereof shall include only shares of Common Stock of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>No Fractional Shares</u>. No fractional shares of Common Stock shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to the Holder upon the conversion of this Note, the Company shall pay to the Holder the amount of outstanding principal hereunder that is not so converted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Representations, Warranties and Covenants of the Company.</u> The Company represents, warrants and covenants with the Holder as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Authorization; Enforceability</u>. All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Note and the performance of all obligations of the Company hereunder has been taken, and this Note constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors' rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Governmental Consents.</u> No consent, approval, qualification, order or authorization of, or filing with, any local, state or federal governmental authority is required on the part of the Company in connection with the Company's valid execution, delivery or performance of this Note except any notices required to be filed with the Securities and Exchange Commission under Regulation D of the Securities Act of 1933, as amended (the "1933 Act"), or such filings as may be required under applicable state securities laws, which, if applicable, will be timely filed within the applicable periods therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>No Violation.</u> The execution, delivery and performance by the Company of this Note and the consummation of the transactions contemplated hereby will not result in a violation of its

Certificate of Incorporation or Bylaws, in any material respect of any provision of any mortgage, agreement, instrument or contract to which it is a party or by which it is bound or, to the best of its knowledge, of any federal or state judgment, order, writ, decree, statute, rule or regulation applicable to the Company or be in material conflict with or constitute, with or without the passage of time or giving of notice, either a material default under any such provision or an event that results in the creation of any material lien, charge or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to the Company, its business or operations, or any of its assets or properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Representations and Covenants of the Holder.</u> The Company has entered into this Note in reliance upon the following representations and covenants of the Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Investment Purpose</u>. This Note and the Common Stock issuable upon conversion of the Note are acquired for investment and not with a view to the sale or distribution of any part thereof, and the Holder has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration or exemption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Private Issue</u>. The Holder understands (i) that this Note and the Common Stock issuable upon conversion of this Note are not registered under the 1933 Act or qualified under applicable state securities laws, and (ii) that the Company is relying on an exemption from registration predicated on the representations set forth in this Section 8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Financial Risk.</u> The Holder has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment, and has the ability to bear the economic risks of its investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Risk of No Registration.</u> The Holder understands that if the Company does not register with the Securities and Exchange Commission pursuant to Section 12 of the Securities Exchange Act of 1934 (the "1934 Act"), or file reports pursuant to Section 15(d) of the 1934 Act, or if a registration statement covering the securities under the 1933 Act is not in effect when it desires to sell the Common Stock issuable upon conversion of the Note, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Note or the Common Stock which might be made by it in reliance upon Rule 144 under the 1933 Act may be made only in accordance with the terms and conditions of that Rule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Assignment.</u> Subject to the restrictions on transfer described in Section 8 below, the rights and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Waiver and Amendment.</u> Any provision of this Note may be amended, waived or modified upon the written consent of the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Transfer of This Note or Securities Issuable on</u> <u>Conversion Hereof.</u> With respect to any offer, sale or other disposition of this Note or securities into which this Note may be converted, the Holder will give written notice to the Company prior thereto, describing briefly the manner

thereof. Unless the Company reasonably determines that such transfer would violate applicable securities laws, or that such transfer would adversely affect the Company's ability to account for future transactions to which it is a party as a pooling of interests, and notifies the Holder thereof within five (5) business days after receiving notice of the transfer, the Holder may effect such transfer. The Note thus transferred and each certificate representing the securities thus transferred shall bear a legend as to the applicable restrictions on transferability in order to ensure compliance with the 1933 Act, unless in the opinion of counsel for the Company such legend is not required in order to ensure compliance with the 1933 Act. The Company may issue stop transfer instructions to its transfer agent in connection with such restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Notices.</u> Any notice, other communication or payment required or permitted hereunder shall be in writing and shall be deemed to have been given upon delivery if personally delivered or three (3) business days after deposit if deposited in the United States mail for mailing by certified mail, postage prepaid. Each of the above addressees may change its address for purposes of this Section by giving to the other addressee notice of such new address in conformance with this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Governing Law</u>. This Note is being delivered in and shall be construed in accordance with the laws of the State of California, without regard to the conflicts of law provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Heading; References.</u> All headings used herein are used for convenience only and shall not be used to construe or interpret this Note. Except as otherwise indicated, all references herein to Sections refer to Sections hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Waiver by the Company.</u> The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Delays.</u> No delay by the Holder in exercising any power or right hereunder shall operate as a waiver of any power or right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Severability.</u> If one or more provisions of this Note are held to be unenforceable under applicable law, such provision shall be excluded from this Note and the balance of the Note shall be interpreted as if such provision was so excluded and shall be enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>No Impairment.</u> The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Note and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Note against impairment.

[SIGNATURE PAGE TO FOLLOW]

IN WITNESS WHEREOF, Ilustrato Pictures International, Inc. has caused this Note to be executed in its corporate name and this Note to be dated, issued and delivered, all on the date first above written.

---

| | |
|:---|:---|
|  | **ILUSTRATO PICTURES INTERNATIONAL,** INC. |
| Date: August 25, 2022 | By <u>/s/ Nicolas Link</u> |
|  | Nicolas Link |
|  | Its: CEO & Director |
|  | **RB CAPITAL PARTNERS, INC.** |
| Date: August 25, 2022 | By: <u>/s/ Brett Rosen</u> |
|  | Brett Rosen |
|  | Its: Managing Member |

---

## Exhibit 4.15

**THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.**

**ILUSTRATO PICTURES INTERNATIONAL, INC.**

**CONVERTIBLE PROMISSORY NOTE**

Principal Amount: **$400,000.00 USD** 

November 14, 2022

WHEREAS on November 14, 2022, RB Capital Partners, Inc., with its offices at 2856 Torrey Pines Road, La Jolla, California 92037 (the "Holder") loaned funds totaling, $400,000.00 to Ilustrato Pictures International, Inc., a Nevada corporation with its office at 26 Broadway; Suite 934; New York, NY 10004 (the "Company"). Payment for the loan was made directly to the Company in the form of a Wire Transfer.

WHEREAS the Company and Holder further agreed that such services provided by the Holder to the Company would be evidenced in a convertible note, which convertible note would be convertible into shares of common stock of the Company at the rate of $0.50 in accordance with Section 3 below;

NOW THEREFORE THIS AGREEMENT WITNESSES that for and in consideration of the mutual premises and the mutual covenants and agreements contained herein, the parties covenant and agree each with the other as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Principal and Interest.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 The Company, for value received, hereby promises to pay to the order of the Holder the sum of Four Hundred Thousand Dollars ($400,000.00), which amount represents the amount owed to Holder as of November 14, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 This Convertible Promissory Note (the "Note") shall bear five percent (5%) interest per annum. The Note is for a period of (24) months and cannot be converted until (12) months from the date first written above has passed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Upon payment in full of the principal, this Note shall be surrendered to the Company for cancellation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 The principal under this Note shall be payable at the principal office of the Company and shall be forwarded to the address of the Holder hereof as such Holder shall from time to time designate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Attorney's Fees.</u> If the indebtedness represented by this Note or any part thereof is collected in bankruptcy, receivership or other judicial proceedings or if this Note is placed in the hands of attorneys for collection after default, the Company agrees to pay, in addition to the principal payable hereunder, reasonable attorneys' fees and costs incurred by the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Conversion.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Voluntary Conversion.</u> The Holder shall have the right, exercisable in whole or in part, to convert the outstanding principal into a number of fully paid and non-assessable whole shares of the Company's $0.001 Par Value common stock ("Common Stock") determined in accordance with Section 3.2 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Shares Issuable.</u> The number of whole shares of Common Stock into which this Note may be voluntarily converted (the "Conversion Shares") shall be determined by dividing the aggregate principal amount borrowed hereunder by $0.50 (the "Note Conversion Price"); provided, however, that, in no event, shall Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common stock beneficially owned by Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of this Note or the unexercised or unconverted portion of any other security of Maker subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of common stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in the beneficial ownership by Holder and its affiliates of more than 4.99% of the outstanding shares of common stock of the Company. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934 and Regulation 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the Note Conversion Price. The Term "Conversion Amount" means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus, (2) at the Company's option, accrued and unpaid interest, if any, on such principal amount at the interest rate provided in this Note to the conversion date, provided; however, that the Company shall have the right to pay any or all interest in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Notice and Conversion Procedures.</u> After receipt of demand for repayment, the Company agrees to give the Holder notice at least five (5) business days prior to the time that the Company repays this Note. If the Holder elects to convert this Note, the Holder shall provide the Company with a written notice of conversion setting forth the amount to be converted. The notice must be delivered to the Company together with this Note. Within twenty (20) business days of receipt of such notice, the Company shall deliver to the Holder certificate(s) for the Common Stock

issuable upon such conversion and, if the entire principal amount was not so converted, a new note representing such balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Other Conversion Provisions.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Adjustment</u> <u>of Note Conversion Price.</u> In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a reverse stock split and subdivision of the Company's issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be unaffected. In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a forward stock split and subdivision of the Company's issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be unaffected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Common Stock Defined.</u> Whenever reference is made in this Note to the shares of Common Stock, the term "Common Stock" shall mean the Common Stock of the Company authorized as of the date hereof, and any other class of stock ranking on a parity with such Common Stock. Shares issuable upon conversion hereof shall include only shares of Common Stock of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>No Fractional</u> <u>Shares</u>. No fractional shares of Common Stock shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to the Holder upon the conversion of this Note, the Company shall pay to the Holder the amount of outstanding principal hereunder that is not so converted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Representations,</u> <u>Warranties and Covenants of the Company.</u> The Company represents, warrants and covenants with the Holder as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Authorization; Enforceability</u>. All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Note and the performance of all obligations of the Company hereunder has been taken, and this Note constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors' rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Governmental</u> <u>Consents.</u> No consent, approval, qualification, order or authorization of, or filing with, any local, state or federal governmental authority is required on the part of the Company in connection with the Company's valid execution, delivery or performance of this Note except any notices required to be filed with the Securities and Exchange Commission under Regulation D of the Securities Act of 1933, as amended (the "1933 Act"), or such filings as may be required under applicable state securities laws, which, if applicable, will be timely filed within the applicable periods therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>No</u> <u>Violation.</u> The execution, delivery and performance by the Company of this Note and the consummation of the transactions contemplated hereby will not result in a violation of its

Certificate of Incorporation or Bylaws, in any material respect of any provision of any mortgage, agreement, instrument or contract to which it is a party or by which it is bound or, to the best of its knowledge, of any federal or state judgment, order, writ, decree, statute, rule or regulation applicable to the Company or be in material conflict with or constitute, with or without the passage of time or giving of notice, either a material default under any such provision or an event that results in the creation of any material lien, charge or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to the Company, its business or operations, or any of its assets or properties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Representations and Covenants of the Holder.</u> The Company has entered into this Note in reliance upon the following representations and covenants of the Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Investment Purpose.</u> This Note and the Common Stock issuable upon conversion of the Note are acquired for investment and not with a view to the sale or distribution of any part thereof, and the Holder has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration or exemption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Private Issue</u>. The Holder understands (i) that this Note and the Common Stock issuable upon conversion of this Note are not registered under the 1933 Act or qualified under applicable state securities laws, and (ii) that the Company is relying on an exemption from registration predicated on the representations set forth in this Section 8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Financial Risk.</u> The Holder has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment, and has the ability to bear the economic risks of its investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Risk of No Registration.</u> The Holder understands that if the Company does not register with the Securities and Exchange Commission pursuant to Section 12 of the Securities Exchange Act of 1934 (the "1934 Act"), or file reports pursuant to Section 15(d) of the 1934 Act, or if a registration statement covering the securities under the 1933 Act is not in effect when it desires to sell the Common Stock issuable upon conversion of the Note, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Note or the Common Stock which might be made by it in reliance upon Rule 144 under the 1933 Act may be made only in accordance with the terms and conditions of that Rule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Assignment.</u> Subject to the restrictions on transfer described in Section 8 below, the rights and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Waiver and Amendment.</u> Any provision of this Note may be amended, waived or modified upon the written consent of the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Transfer of This Note or Securities Issuable on Conversion Hereof.</u> With respect to any offer, sale or other disposition of this Note or securities into which this Note may be converted, the Holder will give written notice to the Company prior thereto, describing briefly the manner

thereof. Unless the Company reasonably determines that such transfer would violate applicable securities laws, or that such transfer would adversely affect the Company's ability to account for future transactions to which it is a party as a pooling of interests, and notifies the Holder thereof within five (5) business days after receiving notice of the transfer, the Holder may effect such transfer. The Note thus transferred and each certificate representing the securities thus transferred shall bear a legend as to the applicable restrictions on transferability in order to ensure compliance with the 1933 Act, unless in the opinion of counsel for the Company such legend is not required in order to ensure compliance with the 1933 Act. The Company may issue stop transfer instructions to its transfer agent in connection with such restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Notices.</u> Any notice, other communication or payment required or permitted hereunder shall be in writing and shall be deemed to have been given upon delivery if personally delivered or three (3) business days after deposit if deposited in the United States mail for mailing by certified mail, postage prepaid. Each of the above addressees may change its address for purposes of this Section by giving to the other addressee notice of such new address in conformance with this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Governing Law.</u> This Note is being delivered in and shall be construed in accordance with the laws of the State of California, without regard to the conflicts of law provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.** <u>Heading; References.</u> All headings used herein are used for convenience only and shall not be used to construe or interpret this Note. Except as otherwise indicated, all references herein to Sections refer to Sections hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Waiver by the Company.</u> The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Delays.</u> No delay by the Holder in exercising any power or right hereunder shall operate as a waiver of any power or right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Severability.</u> If one or more provisions of this Note are held to be unenforceable under applicable law, such provision shall be excluded from this Note and the balance of the Note shall be interpreted as if such provision was so excluded and shall be enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>No Impairment.</u> The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Note and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Note against impairment.

[SIGNATURE PAGE TO FOLLOW]

IN WITNESS WHEREOF, Ilustrato Pictures International, Inc. has caused this Note to be executed in its corporate name and this Note to be dated, issued and delivered, all on the date first above written

---

| | |
|:---|:---|
|  | **ILUSTRATO PICTURES INTERNATIONAL,** INC. |
| Date: November 14, 2022 | By <u>/s/ Nicolas Link</u> |
|  | Nicolas Link |
|  | Its: CEO & Director |
|  | **RB CAPITAL PARTNERS, INC.** |
| Date: November 14, 2022 | By: <u>/s/ Brett Rosen</u> |
|  | Brett Rosen |
|  | Its: Managing Member |

---

## Exhibit 4.16

**<u>SECURITY AGREEMENT</u>**

This SECURITY AGREEMENT (this <u>"Agreement'')</u> made and effective as of December <u>2</u>, 2022, is executed by and between **ILUSTRATO PICTURES INTERNATIONAL INC.**, a Nevada corporation (the <u>"Company")</u><u>,</u> and **AJB CAPITAL INVESTMENTS, LLC,** a Delaware limited liability company (the <u>"Secured Party").</u>

WHEREAS, pursuant to a Securities Purchase Agreement dated as of the date hereof, between the Company and the Secured Party (the <u>''Purchase Agreement"),</u> the Company has agreed to issue to the Secured Party and the Secured Party has agreed to purchase from Company a 12% Promissory Note (the <u>"Note")</u>, as more specifically set forth in the Purchase Agreement; and

WHEREAS, in order to induce the Secured Party to purchase the Note, the Company has agreed to execute and deliver to the Secured Party this Agreement for the benefit of the Secured Party and to grant to Secured Party an unconditional and continuing, first priority security interest in all of the assets and property of the Company to secure the prompt payment, performance and discharge in full of all of Company's obligations under the Note, and the Purchase Agreement and the other documents executed in connection with the Purchase Agreement (the <u>"Transaction Documents").</u>

NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties each intending to be legally bound, hereby do agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Recitals.</u> The recitations set forth in the preamble of this Agreement are true and correct and incorporated herein by this reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Construction and Definition of Terms</u>. In this Agreement, unless the express context otherwise requires: (i) the words "herein," "hereof' and "hereunder'' and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (ii) references to the words "Section" or "Subsection" refer to the respective Sections and Subsections of this Agreement, and references to "Exhibit'' or "Schedule" refer to the respective Exhibits and Schedules attached hereto; (iii) wherever the word "include," "includes" or "including" is used in this Agreement, it will be deemed to be followed by the words ''without limitation." All capitalized terms used in this Agreement that are defined in the Purchase Agreement or otherwise defined in Articles 8 or 9 of the Code shall have the meanings assigned to them in the Purchase Agreement or the Code, respectively and as applicable, unless the context of this Agreement requires otherwise. In addition to the capitalized terms defined in the Code and the Purchase Agreement, unless the context otherwise requires, when used herein, the following capitalized terms shall have the following meanings (provided that if a capitalized term used herein is defined in the Purchase Agreement and separately defined in this Agreement, the meaning of such term as defined in this Agreement shall control for purposes of this Agreement):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>"Agreement"</u> means this Security Agreement and all amendments, modifications and supplements hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>"Bankruptcy Code"</u> means the United States Bankruptcy Code, as amended from time to time, or any other similar laws, codes, rules or regulations relating to bankruptcy, insolvency or the protection of creditors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>"Business Premises"</u> shall mean (i) the Company's offices located at 26 Broadway, Suite 934, New York, NY 10004, (ii) the additional properties listed under Item 3 of the Company's Form 10 as filed with the Securities and Exchange Commission on October 19, 2022, (iii) various locations maintained from time to time, and (iv) in the cloud.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>"Closing"</u> shall mean the date on which this Agreement is fully executed by

both parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>"Code"</u> shall mean the Uniform Commercial Code as in effect from time to time in the State of Nevada, provided that terms used herein which are defined in the Code as in effect in the State of Nevada on the date hereof shall continue to have the same meaning notwithstanding any replacement or amendment of such statute, except as the Secured Party may otherwise agree.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>"Collateral"</u> shall mean any and all property of the Company, of any kind or description, tangible or intangible, real, personal or mixed, wheresoever located and whether now existing or hereafter arising or acquired, including the following: (i) all property of, or for the account of, the Company now or hereafter coming into the possession, control or custody of, or in transit to, Secured Party or any agent or bailee for Secured Party or any parent, affiliate or subsidiary of Secured Party or any participant with Secured Party in the Obligations (whether for safekeeping, deposit, collection, custody, pledge, transmission or otherwise), including all cash, earnings, dividends, interest, or other rights in connection therewith and the products and proceeds therefrom, including the proceeds of insurance thereon; (ii) the following additional property of the Company, whether now existing or hereafter arising or acquired, and wherever now or hereafter located, together with all additions and accessions thereto, substitutions, betterments and replacements therefor, products and Proceeds therefrom, and all of the Company's books and records and recorded data relating thereto (regardless of the medium of recording or storage), together with all of the Company's right, title and interest in and to all computer software required to utilize, create, maintain and process any such records or data on electronic media, including all:

&nbsp;&nbsp;&nbsp;&nbsp;(A) Accounts, and all goods whose sale, lease or other disposition by the Company have given rise to Accounts and have been returned to, or repossessed or stopped in transit by, the Company, or rejected or refused by an Account debtor; (B) As-extracted Collateral; (C) Chattel Paper (whether tangible or electronic); (D) Commodity Accounts; (E) Commodity Contracts; (F) Deposit Accounts, including all cash and other property from time to time deposited therein and the monies and property in the possession or under the control of the Secured Party or any affiliate, representative, agent, designee or correspondent of the Secured Party; (G) Documents; (H) Equipment; (I) Farm Products; (J) Fixtures; (K) General Intangibles (including all Payment Intangibles); (L) Goods, and all accessions thereto and goods with which the Goods are commingled; (M) Health-Care Insurance Receivables; (N) Instruments; (O) Inventory, including raw materials, work-in-process and finished goods; (P) Investment Property; (Q) Letter-of-Credit Rights; (R) Promissory Notes; (S) Software; (T) all Supporting Obligations; (U) all commercial tort claims hereafter arising; (V) all other tangible and intangible personal property of the Company (whether or not subject to the Code), including, all bank and other accounts and all cash

and all investments therein, all proceeds, products, offspring, accessions, rents, profits, income, benefits, substitutions and replacements of and to any of the property of the Company described within the definition of Collateral (including, any proceeds of insurance thereon and all causes of action, claims and warranties now or hereafter held by the Company in respect of any of the items listed within the definition of Collateral), and all books, correspondence, files and other Records, including, all tapes, desks, cards, Software, data and computer programs in the possession or under the control of the Company or any other Person from time to time acting for the Company, in each case, to the extent of the Company's rights therein, that at any time evidence or contain information relating to any of the property described or listed within the definition of Collateral or which are otherwise necessary or helpful in the collection or realization thereof; (W) all real property interests of the Company and the interest of the Company in fixtures related to such real property interests; and (X) Proceeds, including all Cash Proceeds and Noncash Proceeds, and products of any or all of the foregoing, in each case howsoever the Company's interest therein may arise or appear (whether by ownership, security interest, claim or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>"Event of Default"</u> shall mean any of the events described in Section 4

hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>"Obligations"</u> means all obligations and liabilities (monetary (including post-petition interest, allowed or not) or otherwise) of the Company under this Agreement, the Purchase Agreement, the Note and any other Transaction Document which are owed to Secured Party, all in each case howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>"Uncured Continuing Event of Default"</u> means the occurrence of an Event of Default (as provided for herein) that has not been cured by the Company on or before the expiration of the applicable cure period or has not otherwise been waived or consented to by the Secured Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Grant of Security Interest.</u> As security for the full payment and performance of all of the Obligations, whether or not any instrument or agreement relating to any Obligation specifically refers to this Agreement or the security interest created hereunder, the Company hereby assigns, pledges and grants to Secured Party an unconditional, continuing, first priority security interest in all of the Collateral; provided, however that the Secured Party's security interest shall be subordinate to any security interest granted in connection with the incurrence by the Company of an aggregate of up to $12 million of secured indebtedness. Secured Party's security interest shall continually exist until all Obligations have been indefeasibly satisfied and/or paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Representations</u>, <u>Warranties, Covenants and Agreement of the Company</u>. The Company covenants, warrants and represents, for the benefit of the Secured Party, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company has the requisite power and authority to enter into this Agreement and otherwise to carry out its obligations hereunder. The execution, delivery and performance by the Company of this Agreement and the filings contemplated herein have been

duly authorized by all necessary action on the part of the Company and no further action is required by the Company. This Agreement constitutes a legal, valid and binding obligation of the Company enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditor's rights generally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Company represents and warrants that it has no place of business or offices where their respective books of account and records are kept or places where Collateral is stored or located, except for the Business Premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Company is the sole owner of the Collateral (except for non- exclusive licenses granted by the Company in the ordinary course of the Company's business), free and clear of any and all Encumbrances. The Company is fully authorized to grant the security interests in and to pledge the Collateral to Secured Party. There is not on file in any agency, land records or other office of any governmental authority, an effective financing statement, security agreement, license or transfer or any notice of any of the foregoing (other than those that have been filed in favor of the Secured Party pursuant to this Agreement) covering or affecting any of the Collateral. So long as this Agreement shall be in effect, the Company shall not execute and shall not permit to be on file in any such agency, land records or other office any such financing statement or other document or instrument (except to the extent filed or recorded in favor of the Secured Party pursuant to the terms of this Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) No part of the Collateral has been judged invalid or unenforceable. No claim, proceeding or other notice or other similar item has been received by the Company that any Collateral or the Company's use of any Collateral violates the rights of any Person. There has been no adverse decision or claim to the Company's ownership rights in or exclusive rights to use the Collateral in any jurisdiction or to the Company's right to keep and maintain such Collateral in full force and effect, and there is no claim or proceeding of any nature involving said rights pending or, to the best knowledge of the Company, threatened, before any governmental authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Company shall at all times maintain their books of account and records relating to their Collateral and maintain their Collateral at the Business Premises, and the Company shall not relocate such books of account and records or its Collateral, except and unless:

&nbsp;&nbsp;&nbsp;&nbsp;(A) Secured Party first approves of such relocation, which approval shall not be unreasonably withheld, conditioned or delayed; or (B) evidence that appropriate financing statements and other necessary documents have been filed and recorded and other steps have been taken to create in favor of the Secured Party valid, perfected and continuing liens in the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Upon making proper filings (by Secured Party) described in the immediately following sentence or by possession or control of such Collateral by Secured Party or delivery of such Collateral to Secured Party, this Agreement creates, in favor of the Secured Party, a valid, perfected, first priority security interest in the Collateral (which such security interest, for the avoidance of doubt, shall be subordinate to any security interest granted in connection with the incurrence by the Company of an aggregate of up to $12 million of secured indebtedness). Except for the filing of financing statements on Form UCC-1 under the Code with the State of Nevada no authorization or approval of, or filing with, or notice to any governmental authority is required either: (A) for the grant by the Company of, or the effectiveness of, the security interest granted hereby or for the execution, delivery and performance of this Agreement by the Company; or (B) for the perfection of or exercise by the Secured Party of its rights and remedies hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Simultaneous with the execution of this Agreement, the Company hereby authorizes the Secured Party to file one or more UCC financing statements, and any continuations, amendments, or assignments thereof with respect to the security interests on the Collateral granted hereby, with the State of Nevada and in such other jurisdictions as may be requested or desired by the Secured Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) The execution, delivery and performance of this Agreement, and the granting of the security interests contemplated hereby, will not: (A) constitute a violation of, or conflict with the organizational or governing documents of the Company; (B) constitute a violation of, or a default or breach under (either immediately, upon notice, upon lapse of time, or both), or conflicts with, or gives to any other Person any rights of termination, amendment, acceleration or cancellation of, any provision of any Contract or agreement to which Company is a party or by which any of the Collateral may be bound; (C) constitute a violation of, or a default or breach under (either immediately, upon notice, upon lapse of time, or both), or conflicts with, any Judgment of any governmental authority; (D) constitute a violation of, or conflict with, any law; or (E) result in the loss or adverse modification of, or the imposition of any fine, penalty or other Encumbrance with respect to, any Company Permits granted or issued to, or otherwise held by or for the use of, the Company or any of the Collateral. No Consent (including from stockholders or creditors of the Company) is required for the Company to enter into and perform its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) The Company shall at all times maintain the liens and security interests provided for hereunder as valid and perfected liens and security interests in the Collateral in favor of the Secured Party until this Agreement and the security interests hereunder shall terminate pursuant to Section 8(o) below. The Company shall at all times safeguard and protect all Collateral, at its own expense, for the account of the Secured Party. At the request of the Secured Party, the Company will sign and deliver to the Secured Party at any time, or from time to time, one or more financing statements pursuant to the Code (or any other applicable statute) in form reasonably satisfactory to the Secured Party and will pay the cost of filing the same in all public offices wherever filing is, or is deemed by the Secured Party to be, necessary or desirable to effect the rights and obligations provided for herein. Without limiting the generality of the foregoing, the Company shall pay all fees, taxes and other amounts necessary to maintain the Collateral and the security interests granted hereunder, and the Company shall obtain and furnish to the Secured Party from time to time, upon demand, such releases and/or subordinations of claims and liens which may be required to maintain the priority of the security interests hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) The Company will not transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the Collateral without the prior written consent of the Secured Party, which consent may be withheld in the Secured Party's sole and absolute discretion, except for transfers, sales or licenses made in the ordinary course of the Company's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) The Company shall keep, maintain and preserve all of the Collateral in good condition, repair and order, normal wear and tear excepted, and the Company will use, operate and maintain the Collateral in compliance with all laws, and in compliance with all applicable insurance requirements and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) The Company shall, within five (5) days of obtaining knowledge thereof, advise the Secured Party promptly, in sufficient detail, of any substantial or material change in the Collateral, and of the occurrence of any event which would have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) The Company shall promptly execute and deliver to the Secured Party such further deeds, mortgages, assignments, security agreements, financing statements or other instruments, documents, certificates and assurances and take such further action as the Secured Party may from time to time request and may in its sole discretion deem necessary to perfect, protect or enforce its security interest in the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) The Company will take all commercially reasonable steps necessary to diligently pursue and seek to preserve, enforce and collect any rights, claims, causes of action and accounts receivable in respect of the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) The Company shall promptly notify the Secured Party in sufficient detail upon becoming aware of any claim, proceeding, or any other litigation, attachment, garnishment, execution or other legal process levied, or pending or threatened, against any Collateral, and of any other information received by the Company that may materially affect the value of the Collateral, the security interests granted hereunder or the rights and remedies of the Secured Party hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) All information heretofore, herein or hereafter supplied to the Secured Party by or on behalf of the Company with respect to the Collateral is accurate and complete in all material respects as of the date furnished.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) Company will promptly pay when due all taxes and all transportation, storage, warehousing and all other charges and fees affecting or arising out of or relating to the Collateral and shall defend the Collateral, at Company's expense, against all claims of any Persons claiming any interest in the Collateral adverse to Company or Secured Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) During normal business hours and subject to prior reasonable notice from Secured Party to the Company (which notice may be e-mail or telephonic notice), Secured Party and its agents and designees may enter the Business Premises and any other premises of the Company and inspect the Collateral and all books and records of the Company (in whatever form), and the Company shall pay the reasonable costs of such inspections.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) The Company shall maintain comprehensive casualty insurance on the Collateral against such risks, in such amounts, with such loss deductible amounts and with such companies as may be reasonably satisfactory to the Secured Party, and each such policy shall contain a clause or endorsement satisfactory to Secured Party naming Secured Party as loss payee and a clause or endorsement satisfactory to Secured Party that such policy may not be canceled or altered and Secured Party may not be removed as loss payee without at least thirty (30) days prior written notice to Secured Party. In all events, the amounts of such insurance coverages shall conform to prudent business practices and shall be in such minimum amounts that Company will

not be deemed a co-insurer under applicable insurance laws, policies or practices. The Company hereby assigns to Secured Party and grants to Secured Party a security interest in any and all proceeds of such policies and authorizes and empowers Secured Party to adjust or compromise any loss under such policies and to collect and receive all such proceeds. The Company hereby authorizes and directs each insurance company to pay all such proceeds directly and solely to Secured Party and not to the Company and Secured Party jointly. The Company authorizes and empowers Secured Party to execute and endorse in Company name all proofs of loss, drafts, checks and any other documents or instruments necessary to accomplish such collection, and any persons making payments to Secured Party under the terms of this subsection are hereby relieved absolutely from any obligation or responsibility to see to the application of any sums so paid. After deduction from any such proceeds of all costs and expenses (including attorney's fees) incurred by Secured Party in the collection and handling of such proceeds, the net proceeds shall be applied as follows: if no Event of Default shall have occurred and be continuing, such net proceeds may be applied, at Company option, either toward-replacing or restoring the Collateral, in a manner and on terms satisfactory to Secured Party, or as a credit against such of the Obligations, whether matured or unmatured, as Secured Party shall determine in Secured Party's sole discretion. In the event that Company may and does elect to replace or restore any of the Collateral as aforesaid, then such net proceeds shall be deposited in a segregated account opened in the name and for the benefit of Secured Party, and such net proceeds shall be disbursed therefrom by Secured Party in such manner and at such times as Secured Party deems appropriate to complete and insure such replacement or restoration; provided, however, that if an Event of Default shall occur at any time before or after replacement or restoration has commenced, then thereupon Secured Party shall have the option to apply all remaining net proceeds either toward replacing or restoring the Collateral, in a manner and on terms satisfactory to Secured Party, or as a credit against such of the Obligations, whether matured or unmatured, as Secured Party shall determine in Secured Party's sole discretion. If an Event of Default shall have occurred prior to such deposit of the net proceeds, then Secured Party may, in its sole discretion, apply such net proceeds either toward replacing or restoring the Collateral, in a manner and on terms satisfactory to Secured Party, or as a credit against such of the Obligations, whether matured or unmatured, as Secured Party shall determine in Secured Party's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) The Company shall cooperate with Secured Party to obtain and keep in effect one or more control agreements in Deposit Accounts, Electronic Chattel Paper, Investment Property and Letter-of-Credit Rights Collateral. In addition, the Company, at the Company expense, shall promptly: (A) execute all notices of security interest for each relevant type of Software and other General Intangibles in forms suitable for filing with any United States or foreign office handling the registration or filing of patents, trademarks, copyrights and other intellectual property and any successor office or agency thereto; and (B) take all commercially reasonable steps in any proceeding before any such office or any similar office or agency in any other country or any political subdivision thereof, to diligently prosecute or maintain, as applicable, each application and registration of any Software, General Intangibles or any other intellectual property rights and assets that are part of the Collateral, including filing of renewals, affidavits of use, affidavits of incontestability and opposition, interference and cancellation proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) Company shall not file any amendments, correction statements or termination statements concerning the Collateral without the prior written consent of Secured Party, except as otherwise permitted by applicable law.

(c} <u>Collateral Collections.</u> After an Event of Default shall have occurred, Secured Party shall have the right at any and all times to enforce the Company's rights against all Persons obligated on any of the Collateral, including the right to: (i) notify and/or require the Company to notify any or all Persons obligated on any of the Collateral to make payments directly to Secured Party or in care of a post office lock box under the sole control of Secured Party established at Company's expense, and to take any or all action with respect to Collateral as Secured Party shall determine in its sole discretion, including, the right to demand, collect, sue for and receive any money or property at any time due, payable or receivable on account thereof, compromise and settle with any Person liable thereon, and extend the time of payment or otherwise change the terms thereof, without incurring any liability or responsibility to the Company whatsoever; and/or (ii) require the Company to segregate and hold in trust for Secured Party and, on the day of Company receipt thereof, transmit to Secured Party in the exact form received by the Company (except for such assignments and endorsements as may be required by Secured Party), all cash, checks, drafts, money orders and other items of payment constituting any portion of the Collateral or proceeds of the Collateral. Secured Party's collection and enforcement of Collateral against Persons obligated thereon shall be deemed to be commercially reasonable if Secured Party exercises the care and follows the procedures that Secured Party generally applies to the collection of obligations owed to Secured Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Care of Collateral.</u> Company shall have all risk of loss of the Collateral. Secured Party shall have no liability or duty, either before or after the occurrence of an Uncured Continuing Event of Default, on account of loss of or damage to, to collect or enforce any of its rights against, the Collateral, to collect any income accruing on the Collateral, or to preserve rights against Persons with prior interests in the Collateral. If Secured Party actually receives any notices requiring action with respect to Collateral in Secured Party's possession, Secured Party shall take reasonable steps to forward such notices to the Company. The Company is responsible for responding to notices concerning the Collateral, voting the Collateral, and exercising rights and options, calls and conversions of the Collateral. Secured Party's sole responsibility is to take such action as is reasonably requested by Company in writing, however, Secured Party is not responsible to take any action that, in Secured Party's sole judgment, would affect the value of the Collateral as security for the Obligations adversely. While Secured Party is not required to take certain actions, if action is needed, in Secured Party's sole discretion, to preserve and maintain the Collateral, Company authorizes Secured Party to take such actions, but Secured Party is not obligated to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Events of Default.</u> The occurrence of any one or more of the following events shall constitute an "Event of Default" hereunder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Failure to Pay</u>. The failure of Company to pay any sum due under or as part of the Obligations (whether by acceleration, declaration, extension or otherwise) within five (5) business days of the date such amount is due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Covenants and Agreements.</u> The failure of Company to perform, observe or comply with any and all of the covenants, promises and agreements of the Company in this Agreement, which such failure is not cured by the Company within ten (10) days after receipt of written notice thereof from Secured Party, except that there shall be no notice or cure period with respect to any failure to pay any sums due under or as part of the Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Information. Representations and Warranties.</u> If any material representation or warranty made herein, or if any information contained in any financial statement, application, schedule, report or any other document given by the Company in connection with the Obligations, with the Collateral, or with any Transaction Document, is not in all respects true, accurate and complete in all material respect, or if the Company omitted to state any material fact necessary to make such information not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Default on Other Obligations.</u> The occurrence of any default under any other borrowing, Obligation or contract of the Company, if the result of such default would: (i) permit any Person which is a party to any such borrowing, Obligation or contract, to accelerate the maturity thereof, or to cancel or terminate any such borrowing, Obligation or contract; (ii) cause or be reasonably expected to cause a Material Adverse Effect; or (iii) materially and adversely affect, as determined by Secured Party in good faith, but in its sole discretion, any of the Collateral, the value thereof, Secured Party's rights and remedies to realize upon such Collateral as set forth herein, or the Secured Party's ability to comply with the Transaction Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Insolvency.</u> Company shall be or become insolvent or unable to pay its debts as they become due or admits in writing to such insolvency or to such inability to pay its debts as they become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Involuntary Bankruptcy.</u> There shall be filed against Company an involuntary petition or other pleading seeking the entry of a decree or order for relief under the Bankruptcy Code or any similar foreign, federal or state insolvency or similar laws ordering: (i) the liquidation of the Company; or (ii) a reorganization of Company or the business and affairs of Company; or (iii) the appointment of a receiver, liquidator, assignee, custodian, trustee, or similar official for Company of the property of Company, and the failure to have such petition or other pleading denied or dismissed within thirty (30) calendar days from the date of filing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Voluntary Bankruptcy.</u> The commencement by the Company of a voluntary case under the Bankruptcy Code or any foreign, federal or state insolvency or similar laws or the consent by the Company to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, or similar official for Company of any of the property of the Company or the making by the Company of an assignment for the benefit of creditors, or the failure by the Company generally to pay its debts as the debts become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Judgments, Awards.</u> The entry of any final and non-appealable Judgment or other determination or adjudication against the Company and a determination by Secured Party, in good faith but in its sole discretion, that any such Judgment or other determination or adjudication could have a Material Adverse Effect, or could otherwise adversely affect the prospect for Secured Party to fully and punctually realize the full benefits conferred on Secured Party by this Agreement and the other Transaction Documents, or the prospect of repayment of all the Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Injunction.</u> The injunction or restraint of the Company in any manner from conducting its business in whole or in part and a determination by Secured Party, in good faith but in its sole discretion, that the same could have a Material Adverse Effect, or could otherwise adversely affect the prospect for Secured Party to fully and punctually realize the full benefits conferred on Secured Party by this Agreement and the other Transaction Documents, or the prospect of repayment of all the Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G) <u>Attachment by Other Parties</u>. Any Collateral shall be attached, levied upon, seized or repossessed, or come into the possession of a trustee, receiver or other custodian and a determination by Secured Party, in good faith and reasonable discretion, that the same could have a Material Adverse Effect, or could otherwise adversely affect the prospect for Secured Party to fully and punctually realize the full benefits conferred on Secured Party by this Agreement and the other Transaction Documents, or the prospect of repayment of all the Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Adverse Change in Financial Condition.</u> The determination in good faith by Secured Party that an event has occurred, either in the financial condition or operations of the Company, or the Collateral, or otherwise, which event could have a Material Adverse Effect, or could otherwise adversely affect the prospect for Secured Party to fully and punctually realize the full benefits conferred on Secured Party by this Agreement and the other Transaction Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>Adverse Change in Value of Collateral.</u> The determination in good faith by Secured Party that the security for the Obligations is or has become inadequate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Prospect of Payment or Performance.</u> The determination in good faith by Secured Party that the prospect for payment or performance of any of the Obligations is impaired for any reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Rights and Remedies.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Rights and Remedies of Secured Party.</u> Upon and after the occurrence of an Uncured Continuing Event of Default, Secured Party may, without notice or demand, exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies, in addition to the rights and remedies available to Secured Party under the Purchase Agreement and any other Transaction Documents, the rights and remedies of a secured party under the Code, and all other rights and remedies available to Secured Party under applicable law or in equity, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Take absolute control of the Collateral including transferring into the Secured Party's name or into the name of its nominee or nominees (to the extent the Secured Party has not theretofore done so) and thereafter receive, for the benefit of the Secured Party, all payments made thereon, give all consents, waivers and ratifications in respect thereof and otherwise act with respect thereto as though it were the outright owner thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Require the Company to, and the Company hereby agrees that it will at its expense and upon request of the Secured Party forthwith, assemble all or part of the Collateral

as directed by the Secured Party and make it available to the Secured Party at a reasonable place or places to be designated by the Secured Party that is convenient to Secured Party, and the Secured Party may enter into and occupy the Business Premises or any other premises owned or leased by the Company where the Collateral or any part thereof is located or assembled in order to effectuate the Secured Party's rights and remedies hereunder or under law, including removing such Collateral therefrom, without any obligation or liability to the Company in respect of such occupation, the Company HEREBY WAIVING ANY AND ALL RIGHTS TO PRIOR NOTICE AND TO JUDICIAL HEARING WITH RESPECT TO REPOSSESSION OF COLLATERAL AND THE COMPANY HEREBY GRANTING TO SECURED PARTY AND ITS AGENTS AND REPRESENTATIVES FULL AUTHORITY TO ENTER SUCH PREMISES;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Without notice, except as specified below, and without any obligation to prepare or process the Collateral for sale as provided for by the Code: (A) sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Secured Party's offices or elsewhere, for cash, on credit or for future delivery, and at such price or prices and upon such other terms as the Secured Party may deem commercially reasonable; and/or (B) lease, license or dispose of the Collateral or any part thereof upon such terms as the Secured Party may deem commercially reasonable. The Company agrees that, to the extent notice of sale or any other disposition of the Collateral shall be required by law, at least ten (10) days' notice to the Company of the time and place of any public sale or the time after which any private sale or other disposition of the Collateral is to be made shall constitute reasonable notification. The Secured Party shall not be obligated to make any sale or other disposition of any Collateral regardless of notice of sale having been given. The Secured Party may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor and such sale may, without further notice, be made at the time and place to which it was so adjourned; provided Secured Party shall provide written notice to Company setting forth the time and place of such postponed or adjourned sale or disposition. The Company hereby waives any claims and actions against the Secured Party arising by reason of the fact that the price at which any of the Collateral may have been sold at a private sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Obligations, even if the Secured Party accepts the first offer received and does not offer such Collateral to more than one offeree, and waives all rights that the Company may have to require that all or any part of such Collateral be marshaled upon any sale (public or private) thereof. The Company hereby acknowledges that: (X) any such sale of the Collateral by the Secured Party shall be made without warranty; (Y) the Secured Party may specifically disclaim any warranties of title, possession, quiet enjoyment or the like; and (Z) such actions set forth in clauses (X) and (Y) above shall not adversely affect the commercial reasonableness of any such sale of Collateral. In addition to the foregoing: (1) upon written notice to the Company from the Secured Party after and during the continuance of an Uncured Continuing Event of Default, the Company shall cease any use of any intellectual property or any trademark, patent or copyright similar thereto for any purpose described in such notice; (2) the Secured Party may, at any time and from time to time after and during the continuance of an Uncured Continuing Event of Default, license, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any of the Company's intellectual property, throughout the universe for such term or terms, on such conditions, and in such manner, as the Secured Party shall in its sole discretion determine; and (3) the Secured Party may, at any time, pursuant to the authority granted under this Agreement (such authority being effective upon the occurrence and during the continuance of an Uncured Continuing Event of Default), execute and deliver on behalf of the Company, one or more instruments of assignment of any intellectual property (or any application or registration thereof), in form suitable for filing, recording or registration in any country.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Operate, manage and control the Collateral (including use of the Collateral and any other property or assets of Company in order to continue or complete performance of Company's obligations under any contracts of Company), or permit the Collateral or any portion thereof to remain idle or store the same, and collect all rents and revenues therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Enforce the Company's rights against any Persons obligated upon any of the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Company hereby acknowledges that if the Secured Party complies with any applicable foreign, state, provincial or federal law requirements in connection with a disposition of the Collateral, such compliance will not adversely affect the commercial reasonableness of any sale or other disposition of the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The Secured Party shall not be required to marshal any present or future collateral security (including, this Agreement and the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order, and all of the Secured Party's rights hereunder and in respect of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights, however existing or arising. To the extent that the Company lawfully may, the Company hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Secured Party's rights under this Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, the Company hereby irrevocably waives the benefits of all such laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Power of Attorney</u>. Effective upon the occurrence of an Uncured Continuing Event of Default, Company hereby designates and appoints Secured Party and its designees as attorney-in-fact of and for the Company, irrevocably and with full power of substitution, with authority to endorse the Company's name on any notes, acceptances, checks, drafts, money orders, instruments or other evidences of payment or proceeds of the Collateral that may come into Secured Party's possession; to execute proofs of claim and loss; to adjust and compromise any claims under insurance policies; and to perform all other acts necessary and advisable, in Secured Party's sole discretion, to carry out and enforce this Agreement and the rights and remedies conferred upon the Secured Party by this Agreement, the Purchase Agreement or any other Transaction Documents. All acts of said attorney or designee are hereby ratified and approved by the Company and said attorney or designee shall not be liable for any acts of commission or omission, nor for any error of judgment or mistake of fact or law. This power of attorney is coupled with an interest and is irrevocable so long as any of the Obligations remain unpaid or unperformed or there exists any commitment by Secured Party which could give rise to any Obligations. For the avoidance of doubt, this power of attorney shall automatically terminate upon cure of the applicable Event of Default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Costs and Expenses.</u> The Company agrees to pay to the Secured Party, upon demand, the amount of any and all reasonable costs and expenses, including the reasonable fees, costs, expenses and disbursements of counsel for the Secured Party and of any experts and agents, which the Secured Party may incur in connection with: (i) the preparation, negotiation, execution, delivery, recordation, administration, amendment, waiver or other modification or termination of this Agreement; (ii) the custody, preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral; (iii) the exercise or enforcement of any of the rights of the Secured Party hereunder; or (iv) the failure by the Company to perform or observe any of the provisions hereof. Included in the foregoing shall be the amount of all expenses paid or incurred by Secured Party in consulting with counsel concerning any of its rights hereunder, under the Purchase Agreement or under applicable law, as well as such portion of Secured Party's overhead as Secured Party shall allocate to collection and enforcement of the Obligations in Secured Party's sole but reasonable discretion. All such costs and expenses shall bear interest from the date of outlay until paid, at the highest rate set forth in the Note, or if none is so stated, the highest rate allowed by law. The provisions of this Subsection shall survive the termination of this Agreement and Secured Party's security interest hereunder and the payment of all Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Security Interest Absolute.</u> All rights of the Secured Party and all Obligations of the Company hereunder, shall be absolute and unconditional, irrespective of: (i) any lack of validity or enforceability of this Agreement, the Purchase Agreement, and any other Transaction Documents or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (ii) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the terms and provisions of the Purchase Agreement, any other Transaction Documents, or any other agreement entered into in connection with the foregoing; (iii) any exchange, release or non-perfection of any of the Collateral, or any release or amendment or waiver of or consent to departure from any other collateral for, or any guaranty, or any other security, for all or any of the Obligations; (iv) any action by the Secured Party to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Collateral; or (v) any other circumstance which might otherwise constitute any legal or equitable defense available to the Company, or a discharge of all or any part of the security interests granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Party shall continue even if the Obligations are barred for any reason, including, the running of the statute of limitations or bankruptcy. In the event that at any time any transfer of any Collateral or any payment received by the Secured Party hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the Bankruptcy Code or any other similar insolvency or bankruptcy laws of any jurisdiction , or shall be deemed to be otherwise due to any party other than the Secured Party, then, in any such event, the Company's obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. The Company waives all right to require the Secured Party to proceed against any other Person or to apply any Collateral which the Secured Party may hold at any time, or to pursue any other remedy. The Company waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Indemnity.</u> The Company agrees to defend, protect, indemnify and hold the Secured Party forever harmless from and against any and all claims of any nature or kind (including reasonable legal fees, costs, expenses, and disbursements of counsel) to the extent that they arise out of, or otherwise result from, this Agreement (including, enforcement of this Agreement). This indemnity shall survive termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Performance for Company</u>. The Company agrees and hereby authorizes that Secured Party may, upon the occurrence of an Uncured Continuing Event of Default, advance funds on behalf of the Company, without prior notice to the Company, in order to insure the Company's compliance with any covenant, warranty , representation or agreement of the Company made in or pursuant to this Agreement, the Purchase Agreement, or any other Transaction Documents, to continue or complete, or cause to be continued or completed, performance of the Company's obligations under any Contracts of the Company, or to preserve or protect any right or interest of Secured Party in the Collateral or under or pursuant to this Agreement, the Purchase Agreement or any other Transaction Documents, including, the payment of any insurance premiums or taxes and the satisfaction or discharge of any claim, obligation, judgment or any other encumbrance upon the Collateral or other property or assets of Company; provided, however, that the making of any such advance by Secured Party shall not constitute a waiver by Secured Party of any Uncured Continuing Event of Default with respect to which such advance is made, nor relieve the Company of any such Uncured Continuing Event of Default. The Company shall pay to Secured Party upon demand all such advances made by Secured Party with interest thereon at the highest rate set forth in the Note. All such advances shall be deemed to be included in the Obligations and secured by the security interest granted Secured Party hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Applications of Payments and Collateral</u>. Except as may be otherwise specifically provided in this Agreement or the Purchase Agreement, all Collateral and proceeds of Collateral coming into Secured Party's possession and all payments made by any Person to Secured Party with respect to any Collateral may be applied by Secured Party (after payment of any amounts payable to the Secured Party pursuant to Section 5(c) hereof) to any of the Obligations, whether matured or unmatured, as Secured Party shall determine in its sole, but reasonable discretion. Any surplus held by the Secured Party and remaining after the indefeasible payment in full in cash of all of the Obligations shall be paid over to whomsoever shall be lawfully entitled to receive the same or as a court of competent jurisdiction shall direct. Secured Party may defer the application of Noncash Proceeds of Collateral, to the Obligations until Cash Proceeds are actually received by Secured Party. In the event that the proceeds of any such sale, collection or realization are insufficient to pay all amounts to which the Secured Party is legally entitled, except as otherwise provided for in this Agreement, the Company shall be liable for the deficiency, together with interest thereon at the highest rate specified in the Note for interest on overdue principal thereof or such other rate as shall be fixed by applicable law, together with the costs of collection and the reasonable fees, costs, expenses and other client charges of any attorneys employed by the Secured Party to collect such deficiency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Waivers by Company</u>. The Company hereby waives, to the extent the same may be waived under applicable law: (i) notice of acceptance of this Agreement; (ii) all claims and rights of the Company against Secured Party on account of actions taken or not taken by Secured

Party in the exercise of Secured Party's rights or remedies hereunder, under the Purchase Agreement, and other Transaction Documents or under applicable law; (iii) all claims of the Company for failure of Secured Party to comply with any requirement of applicable law relating to enforcement of Secured Party's rights or remedies hereunder, under the Purchase Agreement, under any other Transaction Documents or under applicable law; (iv) all rights of redemption of the Company with respect to the Collateral; (v) in the event Secured Party seeks to repossess any or all of the Collateral by judicial proceedings, any bond(s) or demand(s) for possession which otherwise may be necessary or required; (vi) presentment, demand for payment, protest and notice of non-payment and all exemptions applicable to any of the Collateral or the Company; (vii) any and all other notices or demands which by applicable law must be given to or made upon the Company by Secured Party; (viii) settlement, compromise or release of the obligations of any Person primarily or secondarily liable upon any of the Obligations; (ix) all rights of the Company to demand that Secured Party release account debtors or other Persons liable on any of the Collateral from further obligation to Secured Party; and (x) substitution, impairment, exchange or release of any Collateral for any of the Obligations. The Company agrees that Secured Party may exercise any or all of its rights and/or remedies hereunder, under the Purchase Agreement, the other Transaction Documents and under applicable law without resorting to and without regard to any Collateral or sources of liability with respect to any of the Obligations. Upon termination of this Agreement and Secured Party's security interest hereunder and payment of all Obligations, within five (5) Business Days following the Company's termination, payment or completion of its Obligations under the Purchase Agreement, the Secured Party shall automatically release control of any security interest in the Collateral perfected by control and Secured Party shall send Company a statement terminating any financing statement filed against the Collateral and shall immediately provide proof of such release to the Company within that five (5) Business Day period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Waivers by Secured Party</u>. No failure or any delay on the part of Secured Party in exercising any right, power or remedy hereunder, under this Agreement, the Purchase Agreement, and other Transaction Documents or under applicable law, shall operate as a waiver thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Secured Party's Setoff</u>. Secured Party shall have the right, in addition to all other rights and remedies available to it, following an Uncured Continuing Event of Default, to set off against any Obligations due Secured Party, any debt owing to the Company by Secured Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Modifications, Waivers and Consents.</u> No modifications or waiver of any provision of this Agreement, the Purchase Agreement, or any other Transaction Documents, and no consent by Secured Party to any departure by the Company therefrom, shall in any event be effective unless the same shall be in writing, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given, and any single or partial written waiver by Secured Party of any term, provision or right of Secured Party hereunder shall only be applicable to the specific instance to which it relates and shall not be deemed to be a continuing or future waiver of any other right, power or remedy. No notice to or demand upon the Company in any case shall entitle Company to any other or further notice or demand in the same, similar or other circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Notices.</u> Except as otherwise provided herein, the Company waives all notices and demands in connection with the enforcement of Secured Party's rights hereunder. All notices, requests, demands and other communications provided for hereunder shall be made in accordance with the terms of the Purchase Agreement, and the Company agrees and acknowledges that notice to each of them may be sent and delivered to the Company, as required under the Purchase Agreement, and such notice to the Company shall be deemed valid and effective notice to Company hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Applicable Law and Consent to Jurisdiction.</u> The Company and the Secured Party each irrevocably agrees that any dispute arising under, relating to, or in connection with, directly or indirectly, this Agreement or related to any matter which is the subject of or incidental to this Agreement (whether or not such claim is based upon breach of contract or tort) shall be subject to the exclusive jurisdiction and venue of the state and/or federal courts located in the State of New York; provided, however, Secured Party may, at its sole option, elect to bring any action in any other jurisdiction. This provision is intended to be a "mandatory'' forum selection clause and governed by and interpreted consistent with New York law. The Company and Secured Party each hereby consents to the exclusive jurisdiction and venue of any state or federal court having its situs in the State of New York, and each waives any objection based on forum non conveniens. The Company hereby waives personal service of any and all process and consent that all such service of process may be made in the manner provided by applicable statute, law, or rule of court. Except for the foregoing mandatory forum selection clause, this Agreement shall be construed in accordance with the laws of the State of Nevada, without regard to the principles of conflicts of laws, except to the extent that the validity and perfection or the perfection and the effect of perfection or non-perfection of the security interest created hereby, or remedies hereunder, in respect of any particular Collateral are governed under the Code by the law of a jurisdiction other than the State of Nevada, in which case such issues shall be governed by the laws of the jurisdiction governing such issues under the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Survival</u>: <u>Successors and Assigns.</u> All covenants, agreements, representations and warranties made herein shall survive the execution and delivery hereof, shall survive Closing and shall continue in full force and effect until all Obligations have been paid in full, there exists no commitment by Secured Party which could give rise to any Obligations and all appropriate termination statements have been filed terminating the security interest granted Secured Party hereunder. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party. In the event that Secured Party assigns this Agreement and/or its security interest in the Collateral, Secured Party shall give written notice to the Company of any such assignment and such assignment shall be binding upon and recognized by the Company (provided that failure to deliver any such written notice shall not impair, negate or otherwise adversely affect any of the Secured Party's rights or remedies under this Agreement or any other Transaction Documents). All covenants, agreements, representations and warranties by or on behalf of the Company which are contained in this Agreement shall inure to the benefit of Secured Party, its successors and assigns. The Company may not assign this Agreement or delegate any of its rights or obligations hereunder, without the prior written consent of Secured Party, which consent may be withheld in Secured Party's sole and absolute discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Severability</u>. If any term, provision or condition, or any part thereof, of this Agreement shall for any reason be found or held invalid or unenforceable by any court or governmental authority of competent jurisdiction, such invalidity or unenforceability shall not affect the remainder of such term, provision or condition nor any other term, provision or condition, and this Agreement shall survive and be construed as if such invalid or unenforceable term, provision or condition had not been contained therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Merger and Integration.</u> This Agreement and the attached Schedules (if any), together with the Purchase Agreement and the other Transaction Documents, contain the entire agreement of the parties hereto with respect to the matters covered and the transactions contemplated hereby and thereby, and no other agreement, statement or promise made by any party hereto or thereto, or by any employee, officer, agent or attorney of any party hereto, which is not contained herein or therein shall be valid or binding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>WAIVER OF JURY TRIAL.</u> THE COMPANY HEREBY: (a) COVENANTS AND AGREES NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY A JURY; AND (b) WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO WHICH THE COMPANY AND SECURED PARTY MAY BE PARTIES, ARISING OUT OF, IN CONNECTION WITH OR IN ANYWAY PERTAINING TO THIS AGREEMENT, THE PURCHASE AGREEMENT AND/OR ANY TRANSACTIONS, OCCURRENCES, COMMUNICATIONS, OR UNDERSTANDINGS (OR THE LACK OF ANY OF THE FOREGOING) RELATING IN ANY WAY TO DEBTOR-CREDITOR RELATIONSHIP BETWEEN THE PARTIES. IT IS UNDERSTOOD AND AGREED THAT THIS WAIVER CONSTITUTES A WAIVER OF TRIAL BY JURY OF ALL CLAIMS AGAINST ALL PARTIES TO SUCH ACTIONS OR PROCEEDINGS, INCLUDING CLAIMS AGAINST PARTIES WHO ARE NOT PARTIES TO THIS SECURITY AGREEMENT. THIS WAIVER OF JURY TRIAL IS SEPARATELY GIVEN, KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY THE COMPANY AND THE COMPANY HEREBY AGREES THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY INDIVIDUAL TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. SECURED PARTY IS HEREBY AUTHORIZED TO SUBMIT THIS AGREEMENT TO ANY COURT HAVING JURISDICTION OVER THE SUBJECT MATTER AND THE COMPANY AND SECURED PARTY, SO AS TO SERVE AS CONCLUSIVE EVIDENCE OF SUCH WAIVER OF RIGHT TO TRIAL BY JURY. THE COMPANY REPRESENTS AND WARRANTS THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL, SELECTED OF ITS OWN FREE WILL, AND/OR THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Execution.</u> This Agreement may be executed in one or more counterparts, all of which taken together shall be deemed and considered one and the same Agreement, and same shall become effective when counterparts have been signed by each party and each party has delivered its signed counterpart to the other party. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a ".pdf' format file or other similar format file, such signature shall be deemed an original for all purposes and shall create a valid and binding obligation of the party executing same with the same force and effect as if such facsimile or ".pdf' signature page was an original thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>Headings.</u> The headings and sub-headings contained in the titling of this Agreement are intended to be used for convenience only and shall not be used or deemed to limit or diminish any of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) <u>Termination.</u> This Agreement and the security interests hereunder shall terminate on the date on which all Obligations have been indefeasibly paid or discharged in full and there are no commitments outstanding for Secured Party to advance any funds to the Company and/or Company, either under the Purchase Agreement, the Transaction Documents or any other Contract. Upon such termination, the Secured Party, at the request and at the expense of the Company, will join in executing any termination statement with respect to any financing statement executed and filed pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) <u>Gender and Use of Singular and Plural.</u> All pronouns shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identity of the party or parties or their personal representatives, successors and assigns may require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) <u>Further Assurances.</u> The parties hereto will execute and deliver such further instruments and do such further acts and things as may be reasonably required to carry out the intent and purposes of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) <u>Time is of the Essence.</u> The parties hereby agree that time is of the essence with respect to performance of each of the parties' obligations under this Agreement. The parties agree that in the event that any date on which performance is to occur falls on a Saturday, Sunday or state or national holiday, then the time for such performance shall be extended until the next business day thereafter occurring.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) <u>Joint Preparation.</u> The preparation of this Agreement has been a joint effort of the parties and the resulting documents shall not, solely as a matter of judicial construction, be construed more severely against one of the parties than the other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) <u>Increase in Obligations.</u> It is the intent of the parties to secure payment of the Obligations, as the amount of such Obligations may increase from time to time in accordance with the terms and provisions of the Purchase Agreement, and all of the Obligations, as so increased from time to time, shall be and are secured hereby. Upon the execution hereof, the Company shall pay any and all documentary stamp taxes and/or other charges required to be paid in connection with the execution and enforcement of the Purchase Agreement and this Agreement, and if, as and to the extent the Obligations are increased from time to time in accordance with the terms and provisions of the Note, then the Company shall immediately pay any additional documentary stamp taxes or other charges in connection therewith.

[signature page follows]

IN WITNESS WHEREOF, the parties hereto have duly executed this Security Agreement as of

the day and year first above written.

COMPANY:

**Ilustrato Pictures International, Inc.**

By: <u>/s/ Nicolas Link</u>

Name: Nicolas Link

Title: Chief Executive Officer

SECURED PARTY:

**AJB Capital Investments, LLC**

By: <u>/s/ Ari Blaine</u>

Name: Ari Blaine

Title: Partner

## Exhibit 4.17

NEITHER THIS SECURITY NOR THE SECURITIES AS TO WHICH THIS SECURITY MAY BE EXERCISED HAVE BEEN REGISTERED WII1f THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

**COMMON STOCK PURCHASE WARRANT**

**Il,USTRATO PICTURES INTERNATIONAL, INC.**

Warrant Shares: 30,000,000

Date of Issuance: December <u>2</u>, 2022 <u>("Issuance Date")</u>

This COMMON STOCK PURCHASE WARRANT (the <u>"Warrant'')</u> certifies that, for value received (in connection with the issuance of the $1,200,000.00 12% promissory note to the Holder (as defined below) of even date) (the <u>"Note")</u>, AJB Capital Investments, LLC, a Delaware limited liability company (including any permitted and registered assigns, the <u>"Holder")</u>, is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereof, to purchase from Ilustrato Pictures International, Inc., a Nevada corporation (the <u>"Company"),</u> up to 30,000,000 shares of Common Stock (as defined below) (the <u>"Warrant Shares")</u> (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant) at the Exercise Price per share then in effect. This Warrant is issued by the Company as of the date hereof in connection with that certain securities purchase agreement dated December _J 2022, by and among the Company and the Holder (the <u>"Purchase Agreement'')</u>.

Capitalized terms used in this Warrant shall have the meanings set forth in the Purchase Agreement unless otherwise defined in the body of this Warrant or in Section 12 below. For purposes of this Warrant, the term <u>"Exercise Price"</u> shall mean $0.08, subject to adjustment as provided herein, and the term <u>"Exercise Period"</u> shall mean the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>EXERCISE OF WARRANT</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Mechanics of Exercise.* Subject to the terms and conditions hereof, the rights represented by this Warrant may be exercised in whole or in part at any time or times during the Exercise Period by delivery of a written notice, in the form attached hereto as <u>Exhibit A</u> (the <u>"'Exercise Notice"),</u> of the Holder's election to exercise this Warrant. The Holder shall not be

required to deliver the original Warrant in order to effect an exercise hereunder. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. On or before the second Trading Day (the <u>"Warrant Share Delivery Date")</u> following the date on which the Holder sent the Exercise Notice to the Company or the Company's transfer agent, and upon receipt by the Company of payment to the Company of an amount equal to the applicable Exercise Price multiplied by the number of Warrant Shares as to which all or a portion of this Warrant is being exercised (the <u>"Aggregate</u> <u>Exercise Price"</u> and together with the Exercise Notice, the <u>"Exercise Delivery Documents")</u> in cash or by wire transfer of immediately available funds, the Company shall (or direct its transfer agent to) issue and dispatch by overnight courier to the address as specified in the Exercise Notice, a certificate, registered in the Company's share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant to such exercise (or deliver such shares of Common Stock in electronic format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the certificates evidencing such Warrant Shares. If this Warrant is submitted in connection with any exercise and the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall as soon as practicable and in no event later than three Business Days after any exercise and at its own expense, issue a new Warrant (in accordance with Section 6) representing the right to purchase the number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant is exercised.

If the Company fails to cause its transfer agent to transmit to the Holder the respective shares of Common Stock by the respective Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise in Holder's sole discretion, and such failure shall be deemed an event of default under the Note.

The Company will bear all expense of its transfer agent in connection with any exercise of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *No Fractional Shares.* No fractional shares shall be issued upon the exercise of this Warrant as a consequence of any adjustment pursuant hereto. All Warrant Shares (including fractions) issuable upon exercise of this Warrant may be aggregated for purposes of determining whether the exercise would result in the issuance of any fractional share. If, after aggregation, the exercise would result in the issuance of a fractional share, the number of shares issuable shall be rounded up, as the case may be, to the nearest whole share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Holder's Exercise Limitations.* The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, to the extent that after giving effect to issuance of Warrant Shares upon exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other persons acting as a group together with the Holder or any of the Holder's Affiliates), would beneficially own in excess of the Beneficial Ownership Limitation, as defined below. For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the

Holder and its Affiliates shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, non-exercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or non-converted portion of any other securities of the Company (including without limitation any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of this paragraph (c), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this paragraph applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any affiliates) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination.

For purposes of this paragraph, in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company's most recent periodic or annual report filed with the OTC Pink or the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or its transfer agent setting forth the number of shares of Common Stock outstanding. Upon the request of a Holder, the Company shall within two Trading Days confirm to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. The <u>"Beneficial Ownership Limitation"</u> shall be 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The limitations contained in this paragraph shall apply to a successor Holder of this Warrant.

The shares issuable upon exercise of this Warrant shall be included in the next succeeding registration statement filed by the Company with respect to a public offering of the Company's securities after the Issuance Date with the exception of the registration statement filed in connection with the Company's listing of the Common Stock on any of the Nasdaq National Market, Nasdaq Small Cap Market, New York Stock Exchange, NYSE MKT, or similar national exchange. If no such registration statement is filed or if the Company fails to include such shares in such registration statement, then no later than February 2&, 2023, the Company shall file a registration statement including all shares issuable upon exercise of this Warrant, and shall cause such registration statement to be declared effective within one hundred eighty (180) days after February 28, 2023.

In the event the Company fails to timely file a registration statement for the shares issuable upon exercise of this Warrant as required by the preceding paragraph, and notwithstanding anything in <u>Section 1(a)</u> of this Warrant to the contrary, this Warrant will be deemed to permit cashless exercise, such that Holder may pay the Aggregate Exercise Price by instructing the Company to issue Warrant Shares then issuable upon exercise of all or any part of this Warrant on a net basis such that, without payment of any cash consideration or other immediately available funds, the Holder shall surrender this Warrant in exchange for the number of Warrant Shares as is computed using the following formula:

Where:

X = the number of Warrant Shares to be issued to the Holder.

Y = the total number of Warrant Shares for which the Holder has elected to exercise this Warrant.

A= the Fair Market Value of one Warrant Share as of the date of the applicable Exercise Notice.

B = the Exercise Price in effect under this Warrant as of the date of the applicable Exercise Notice.

X = Y(A - B) ÷ A

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>ADJUSTMENTS.</u> The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Distribution of Assets.* If the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including without limitation any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement or other similar transaction) (a <u>"Distribution")</u>, at any time after the issuance of this Warrant, then, in each such case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Exercise Price in effect immediately prior to the close of business on the record date fixed for the determination of holders of shares of Common Stock entitled to receive the Distribution shall be reduced, effective as of the close of business on such record date, to a price determined by multiplying such Exercise Price by a fraction (i) the numerator of which shall be the Closing Sale Price of the shares of Common Stock on the Trading Day immediately preceding such record date minus the value of the Distribution (as determined in good faith by the Company's Board of Directors) applicable to one share of Common Stock, and (ii) the denominator of which shall be the Closing Sale Price of the shares of Common Stock on the Trading Day immediately preceding such record date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the number of Warrant Shares shall be increased to a number of shares equal to the number of shares of Common Stock obtainable immediately prior to the close of business on the record date fixed for the determination of holders of shares of

Common Stock entitled to receive the Distribution multiplied by the reciprocal of the fraction set forth in the immediately preceding clause (i); provided, however, that in the event that the Distribution is of shares of common stock of a company (other than the Company) whose common stock is traded on a national securities exchange or a national automated quotation system <u>("Other Shares of Common Stock"),</u> then the Holder may elect to receive a warrant to purchase Other Shares of Common Stock in lieu of an increase in the number of Warrant Shares, the terms of which shall be identical to those of this Warrant, except that such warrant shall be exercisable into the number of shares of Other Shares of Common Stock that would have been payable to the Holder pursuant to the Distribution had the Holder exercised this Warrant immediately prior to such record date and with an aggregate exercise price equal to the product of the amount by which the exercise price of

this Warrant was decreased with respect to the Distribution pursuant to the terms of the immediately preceding clause (i) and the number of Warrant Shares calculated in accordance with the first part of this clause (ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Anti-Dilution Adjustments to Exercise Price.* If and whenever, at any time while this Warrant is outstanding, the Company issues or sells, or in accordance with this Section 2 is deemed to have issued or sold, any warrant or option to purchase Common Stock and/or Common Stock Equivalents (including shares of Common Stock owned or held by or for the account of the Company), but excluding any securities issued or sold or deemed to have been issued or sold solely in connection with an Exempt Issuance, with a purchase price per share (the <u>''New Issuance Price")</u> less than the Exercise Price in effect immediately prior to such issuance or sale or deemed issuance or sale, then immediately after such issuance or sale or deemed issuance or sale, the Exercise Price then in effect shall be reduced to an amount equal to the New Issuance Price (subject to adjustment as provided herein).

Notwithstanding the forgoing Section 2(b), in the event that the Company successfully lists shares of its common stock on a senior national securities exchange, including but not limited to the Nasdaq Stock Market and/or New York Stock Exchange, the exercise price of this Warrant shall no longer be subject to the anti-dilution adjustment provisions provided in Section 2(b) of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Subdivision or Combination of Common Stock.* If the Company at any time on or after the Issuance Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares will be proportionately increased. If the Company at any time on or after the Issuance Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares will be proportionately decreased. Any adjustment under this Section 2(c) shall become effective at the close of business on the date the subdivision or combination becomes effective. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any event covered by this Section 2(c) shall occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>FUNDAMENTAL TRANSACTIONS.</u> If, at any time while this Warrant is outstanding, (i) the Company effects any merger of the Company with or into another entity and the Company is not the surviving entity (such surviving entity, the <u>"Successor Entity"),</u> (ii) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions, (iii) any tender offer or exchange offer (whether by the Company or by another individual or entity, and approved by the Company) is completed pursuant to which holders of Common Stock are permitted to tender or exchange their shares of Common Stock for other securities, cash or property and the holders of at least 50% of the Common Stock accept such offer, or (iv) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property (other than as a result of a subdivision or combination of shares of Common Stock) (in any such case, a <u>"Fundamental Transaction")</u>, then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive the number of shares of Common Stock of the Successor Entity or of the Company and any additional consideration (the <u>"Alternate Consideration")</u> receivable upon or as a result of such reorganization, reclassification, merger, consolidation or disposition of assets by a holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such event (disregarding any limitation on exercise contained herein solely for the purpose of such determination). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any Successor Entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the foregoing provisions and evidencing the Holder's right to exercise such warrant into Alternate Consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>NON-CIRCUMVENTION</u>. The Company covenants and agrees that it will not, by amendment of its certificate of incorporation, bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, and will at all times in good faith carry out all the provisions of this Warrant and take all action as may be required to protect the rights of the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase the par value of any shares of Common Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect, (ii) shall take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable shares of Common Stock upon the exercise of this Warrant, and (iii) shall, for so long as this Warrant is outstanding, have authorized and reserved, free from preemptive rights, the number of shares of Common Stock that is actually issuable upon full exercise of the Warrant (based on the Exercise Price in effect from time to time, and without regard to any limitations on exercise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*5.* <u>WARRANT HOLDER NOT DEEMED A STOCKHOLDER.</u> Except as otherwise

specifically provided herein, this Warrant, in and of itself, shall not entitle the Holder to any voting rights or other rights as a stockholder of the Company. In addition, nothing contained in this Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a stockholder of the Company, whether such liabilities are asserted by the Company or by creditors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>REISSUANCE.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Los t, Stolen or Mutilated Warrant.* If this Warrant is lost, stolen, mutilated or destroyed, the Company will, on such terms as to indemnity or otherwise as it may reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and tenor as this Warrant so lost, stolen, mutilated or destroyed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Issuance of New Warrants.* Whenever the Company is required to issue a new Warrant pursuant to the terms of this Warrant, such new Warrant shall be of like tenor with this Warrant, and shall have an issuance date, as indicated on the face of such new Warrant which is the same as the Issuance Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>TRANSFER.</u> This Warrant shall be binding upon the Company and its successors and assigns, and shall inure to be the benefit of the Holder and its successors and assigns. Notwithstanding anything to the contrary herein, the rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior signed written consent of the Holder, which consent may be withheld at the sole discretion of the Holder (any such assignment or transfer shall be null and void if the Company does not obtain the prior signed written consent of the Holder). This Warrant or any of the severable rights and obligations inuring to the benefit of or to be performed by Holder hereunder may be assigned by Holder to a third party, in whole or in part, without the need to obtain the Company's consent thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>NOTICES.</u> Whenever notice is required to be given under this Warrant, unless otherwise provided herein, such notice shall be given in accordance with the notice provisions contained in the Purchase Agreement. The Company shall provide the Holder with prompt written notice (i) immediately upon any adjustment of the Exercise Price, setting forth in reasonable detail, the calculation of such adjustment and (ii) at least twenty days prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend or distribution upon the shares of Common Stock, (B) with respect to any grants, issuances or sales of any stock or other securities directly or indirectly convertible into or exercisable or exchangeable for shares of Common Stock or other property, pro rata to the holders of shares of Common Stock or (C) for determining rights to vote with respect to any Fundamental Transaction, dissolution or liquidation, provided in each case that such information shall be made known to the public prior to or in conjunction with such notice being provided to the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>AMENDMENT AND WAIVER.</u> The terms of this Warrant may be amended or waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>GOVERNING LAW AND VENUE.</u> This Warrant shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles of

conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Warrant shall be brought only in the state courts located in the State of New York: or in the federal courts located in the State of New York. The parties to this Warrant hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon *forum non conveniens.* **THE BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT** **IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS WARRANT OR ANY TRANSACTION CONTEMPLATED HEREBY.** The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Warrant or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>ACCEPTANCE.</u> Receipt of this Warrant by the Holder shall constitute acceptance of and agreement to all of the terms and conditions contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>CERTAIN DEFINITIONS.</u> For purposes of this Warrant, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>"Nasdaq"</u> means <u>www.Nasdag.com</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>"Closing Sale Price"</u> means, for any security as of any date, (i) the last closing trade price for such security on the Principal Market, as reported by Nasdaq, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00 p.m., New York time, as reported by Nasdaq, or (ii) if the foregoing does not apply, the last trade price of such security in the over the-counter market for such security as reported by Nasdaq, or (iii) if no last trade price is reported for such security by Nasdaq, the average of the bid and ask prices of any market makers for such security as reported by the OTC Markets. If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during the applicable calculation period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>"Common Stock'</u>' means the Company's common stock, and any other class of securities into which such securities may hereafter be reclassified or changed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>"Common Stock Equivalents"</u> means any securities of the Company that would entitle the holder thereof to acquire at any time Common Stock, including without limitation any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>''Exempt Issuance"</u> means the issuance of (i) shares of Common Stock or options to employees, officers, or directors of the Company pursuant to any stock or option plan duly adopted by a majority of the non-employee members of the Board of Directors of the Company or a majority of the members of a committee of non-employee directors established for such purpose, and (ii) shares of Common Stock issued pursuant to real property leasing arrangement from a bank approved by the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>"Principal Market'</u>' means the primary national securities exchange on which the Common Stock is then traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>"Market Price"</u> means the highest traded price of the Common Stock during the one hundred fifty Trading Days prior to the date of the respective Exercise Notice.

(h} <u>"Trading Day"</u> means (i) any day on which the Common Stock is listed or quoted and traded on its Principal Market, (ii) if the Common Stock is not then listed or quoted and traded on any national securities exchange, then a day on which trading occurs on any over the-counter markets, or (iii) if trading does not occur on the over-the-counter markets, any Business Day.

\*\*\*\*\*\*\*

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the Issuance Date set forth above.

**ILUSTRATO PICTURES INTERNATIONAL, INC.**

By: <u>/s/ Nicolas Link</u>

Name: Nicolas Link

Title: Chief Executive Officer

<u>EXHIBIT A</u>

**EXERCISE NOTICE**

(To be executed by the registered holder to exercise this Common Stock Purchase Warrant)

THE UNDERSIGNED holder hereby exercises the right to purchase __________ of the shares of Common Stock (''Warrant Shares") of Ilustrato Pictures International, Inc., a Nevada corporation (the "Company"), evidenced by the attached copy of the Common Stock Purchase Warrant (the "Warrant''). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Form of Exercise Price</u>. The Holder intends that payment of the Exercise Price shall be made
 with respect to <u> </u> Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Payment of Exercise Price.</u> If cash exercise is selected above, the holder shall pay the
 applicable Aggregate Exercise Price in the sum of $________to t h e Company in accordance with the terms of the Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Delivery of Warrant Shares</u>. The Company shall deliver to the holder___________Warrant Shares in
 accordance with the terms of the Warrant.

Date: ________________

______________________________

(Print Name of Registered Holder)

By: ________________________

Name: _____________________

Title: _______________________

<u>EXHIBIT B</u>

**ASSIGNMENT OF WARRANT**

(To be signed only upon authorized transfer of the Warrant}

FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers unto ________ the right to purchase ___________shares of common stock of Ilustrato Pictures International, Inc. to which the within Common Stock Purchase Warrant relates and appoints ____________, attorney-in-fact, to transfer said right on the books of Ilustrato Pictures International, Inc. with full power of substitution and re-substitution in the premises. By accepting such transfer, the transferee has agreed to be bound in all respects by the terms and conditions of the within Warrant.

Dated: ______________

_____________________________________________

(Signature)\*

_____________________________________________

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Name)

______________________________________________

(Address)

_____________________________________________

(Social Security or Tax Identification No.**)**

\* The signature on this Assignment of Warrant must correspond to the name as written upon the face of the Common Stock Purchase Warrant in every particular without alteration or enlargement or any change whatsoever. When signing on behalf of a corporation, partnership, trust or other entity, please indicate your position(s) and title(s) with such entity.

## Exhibit 10.6

![](image_019.jpg)

![](image_021.jpg)

## Exhibit 10.7

Property: 387 Thorngrove Pike, Kodak, TN 37764

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| | |
|:---|:---|
| ![](image_022.jpg) | <br>*Premium*<br>ALUMINUM Truck Beds |

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Lease Agreement

Prepared for:

**George Joe Chudina** and

Bull Head Products Incorporated

*December 22, 2021*

 

 

 

**LEASE** **AGREEMENT**

George Joe Chudina (the 'Owner/ Landlord), is pleased to present to Bull Head Products Incorporated (the "Tenant") the following lease agreement. Please review the following:

**BUILDING:** 387 Thorngrove Pike, Kodak, TN 37764

**OWNERSHIP/** **LANDLORD: George Joe Chudina**

**MANAGEMENT: George Joe Chudina**

**PREMISES**: Tenant shall utilize the Premises for manufacturing and general use.

**USE** **OF PREMISES**: 387 Thorngrove Pike, Kodak, TN 37764

**LEASE** **COMMENCEMENT:** Lease commencement date shall be January 1, 2022.

**LEASE TERM:** The lease term shall run for Three (3) months (to expire at the end of the month). Lease to run on a month-to-month basis from April 2022.

**TERMINTATION PERIOD:** One (1) month notice is required.

**MONTHLY BASE** **RENT:** Upon the commencement date, the monthly base rent shall be $3,000 (including buildings insurance).

**TENANT IMPROVEMENTS:** No additional improvements to be done, Landlord will deliver Premises in its as-is condition.

**EXP** **ENSES:** Tenant shall pay its required Operating Expenses.

**LEASE AGREEMENT** **:** This Lease shall be an agreement between George JoeChudlna and Bull Head Products Incorporated.

**A** **CCESS:** Tenant shall have access to the building and the Premises twenty-four (24) hours aday, seven (7) days a week,fifty-two (52) weeks ayear, except in the event of emergency, or as instructed by any authority having jurisdiction.

**SIGNAGE:** Tenant will be provided the right to place signage on the building.

**AGREED & ACCEPTED:** **By: <u>George J Chudina</u>**

George Joe Chudina, Owner

Date: <u>Dec 23, 2021</u>

**AGREED & ACCEPTED:** **By: <u>/s/ JP Backwell</u>**

Tenant JP Backwell - Director - ILUS International Inc.

Date: <u>Dec 23, 2021</u>

## Exhibit 10.8

![](image_023.jpg)

![](image_026.jpg)

## Exhibit 10.9

**COMMERCIAL LEASE**

This indenture made the <u>17th</u> day of March, 2022, by and between <u>J N E PROPERTIES, LLC.</u> of Waleska, Georgia, hereinafter referred to as Lessor; and <u>GEORGIA FIRE & RESCUE SUPPLY</u>, of Canton, Georgia, hereinafter referred to as Lessee:

<u>WITNESSETH</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Premises and Term</u> 

For and in consideration of the rents herein reserved and of the covenants and agreements herein contained on the part of Lessee to be kept, observed, and performed, the Lessor has demised and leased, and does by these presents demise and lease unto the Lessee, the building and land located at <u>107 P. Rickman Industrial Drive, Canton, GA 30115</u> referred to as Building

To have and to hold the above described premises with all the rights, privileges, easements, and appurtenances thereunto belonging unto the Lessee for a period of <u>24 months</u> commencing on <u>April 11, 2022</u>, and shall terminate at midnight <u>April 10, 2024</u> unless the said term be sooner terminated as hereinafter set forth. The Lessee further covenants and agrees that, after the expiration of the initial lease term, or any subsequent extension, that Lessee will continue to pay the monthly lease payments and other charges provided for under the terms of this lease for a period of up to one additional year until such time that the premises are leased to a new tenant**.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Rentals and Deposit</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In consideration thereof, the Lessee hereby covenants and agrees to pay
to Lessor as rental for said demised premises the sum of Six Thousand Three Hundred Seventy-Fifty Dollars ($6,375.00), payable in monthly
installments. Such monthly installments to be paid in advance on the 11<sup>th</sup> day of each and every month during the first 12 months
of this lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Beginning on the 13<sup>th</sup> month of the term, Lessee hereby covenants
and agrees to pay to Lessor as rental for said demised premises the sum of Six Thousand Three Hundred Seventy-Fifty Dollars ($6,630.00),
payable in monthly installments. Such monthly installments to be paid in advance on the 11<sup>th</sup> day of each and every month during
the last 12 months of this lease and possibly longer than the initial term as outlined in paragraph l above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In addition to the rental payments outlined above, the Lessee agrees
 to pay to the Lessor on or before the signing of this lease the sum of Six Thousand Three Hundred Seventy-Fifty Dollars ($6,375.00)
 as a security deposit. The Six Thousand Three Hundred Seventy-Fifty Dollars ($6,375.00) deposit will be returned at the termination
 of this lease provided all provisions of the lease have been complied with by the Lessee. The deposit may be applied by the Lessor to the cost of restoring
damage to the premises or to the cost of having premises cleaned or painted, if the premises are not left in the same condition as received.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) It is hereby covenanted and agreed that all of said payments shall be made
by direct deposit, wire, or placed in the United States Mail to our office (presently located at 809 Blue Heron Cove, Waleska. GA. 30183)
postmarked by the due date, postage prepaid, or at such other place as the Lessor may from time to time designate in writing, and without
any deduction whatever, and in legal tender of the United States of America. A 5-day grace period will be allowed. If the lease does not
commence on the first of the month, rent for the first and last months shall be prorated accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Interest</u>. It is further covenanted and agreed that should any installment or installments of rent or other charges provided for under the terms of this lease be not paid when due, the same shall bear interest at a rate equal to the then existing highest prime rate published by a national bank in Knoxville, per annum from the date the same shall become due as herein provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Utilities</u>. All applications and connections for necessary utility services on the demised premises shall be made in the name of Lessee only, and Lessee shall be solely liable for all utility charges as they become due, including but not limited to those for sewer, sanitation, waste removal, water, gas, electricity, telephone, security services, and all other services supplied to Lessee in the operation of its business at the premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Taxes</u>. Lessor will be responsible to make payments for property taxes for the Building. Lessee agrees, in the event there is a percentage increase greater than the rent percentage increase during the 2<sup>nd</sup> year of the term of this lease in City, County, or State property taxes, whether because of increased rate or valuation, or any other assessment made on this property by any government or agency with the authority to make the assessment, Lessee shall pay to Lessor an amount equal to the percentage of the increase in tax or assessments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Insurance</u> .Tenant shall not keep or have on or around the Premises any item of a dangerous, flammable or explosive nature that might unreasonably increase the risk of fire or explosion on or around the Premises or that might be considered hazardous by any responsible insurance company. Additional Tenant shall maintain the following insurance ("Tenant's Insurance"): a) Commercial General Liability Insurance applicable to the Premises and it appurtenances, b) Property/Business Interruption Insurance written on an All Risk or Causes of Loss - Special Form, for broad form water damage, at replacement cost value and with a replacement cost endorsement covering all Tenants business and trade fixtures and materials on or at the Premises ("Tenant's Property") and any leasehold improvements made by or for the benefit of Tenant; c) Workers' Compensation Insurance in the amounts required by law; and d) Employers Liability Coverage of at least $1,000,000 per occurrence. Tenant shall provide Landlord with a certificate of insurance evidencing Tenant's insurance prior to Tenant's possession

of Premises. E) Lessee agrees, continuously during the term hereof and any extension, to pay to Lessor an amount equal to 100% of the premium for an insurance policy covering replacement cost of the building and the owner's public liability coverage in an aggregate amount of at least One Million Dollars ($1,000,000.00). Lessee further agrees to add the Lessor as a named insured on his own business liability insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Attorney's Fees</u>. In the event of the employment of an attorney on account of violation of any term or condition of this lease by Lessee, Lessee agrees to pay reasonable attorney's fees to the Lessor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Waiver</u>. No failure of Lessor to enforce any term hereof shall be deemed to be a waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Use and Care of Premises</u>. Lessee agrees to keep the interior of the building as a nonsmoking building. It is further covenanted and agreed that Lessee will not permit or suffer the commission of waste on said premises or the building thereon nor allow them to be used for any vicious or immoral purposes, or for any purpose that will substantially increase the rate of insurance thereon (except upon the payment of any increased premium occasioned by such use, to be paid as additional rental) or for any purpose in violation of the state laws, federal laws, or municipal ordinances, rules and regulations, now or hereafter in force and applicable thereto; and that Lessee shall keep and maintain said premises and buildings and every part thereof and all sidewalks and areas adjoining in a clean, safe, secure, and wholesome condition. The Lessee further covenants and agrees that they will, during said demised term, at there own expense, keep said premises, buildings, improvements, and fixtures, and all additions thereto, and appurtenances, and every part thereof, including grounds, electrical wiring, plumbing and heating installations, and any other system or equipment upon the premises in good repair and in a safe, clean, and wholesome condition, subject to the limitations set out in Paragraph 10(b) hereof, which shall be controlling, and according to the laws and city ordinances and direction of the proper public officers, and that they will, without injury to the roof, remove snow and ice therefrom when necessary, and clean the snow and ice from the sidewalks abutting said premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Construction and Repair of Buildings</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Lessee further covenants and agrees to and with Lessor that he will during said demised term, keep and maintain the building, fixtures, and additions thereto, in good, safe, and substantial repair and condition, and replace all broken glass with glass of the same size and quality as that broken, and that the Lessee and his successors in interest will not tear down or materially alter or change said premises, buildings, fixtures, additions, or appurtenances, or any part thereof, during the continuance of this lease in force, without first obtaining the written approval of the Lessor thereto; and that the buildings and improvements as they may be rebuilt, replaced, remodeled, enlarged, reconstructed, repaired, restored, changed, or altered by Lessee from time to time during the continuance of this lease in force, shall be such as shall equal or exceed in value the buildings and improvements theretofore on said premises so that the value of the

buildings and improvements on said premises at any time shall not be lessened by reason thereof. The Lessee shall, in no event, however, have power, authority, or right hereunder to incur or create any obligation in respect to said premises, buildings, or improvements, which shall create or constitute a lien or claim in favor of himself or any third person against the right, title, or interest of the Lessor in or to said premises, buildings, or improvements which may now or hereafter be erected thereon; and notice is hereby given to all persons furnishing labor and materials therefor that any liens therefor shall attach only to the leasehold interest hereunder and be subject and subordinate to all the rights, title, and interest of the Lessor in and to said premises, buildings, and improvements and under this lease. The Lessee further covenants and agrees that in event of a default or breach of this lease by him, or the forfeiture hereof, or the termination of this lease by agreement of the parties or for any reason or circumstance on or before the ending date of this lease, stated on page one, then and in such event, he will forthwith thereafter with immediate dispatch and at his own expense, at the option of the Lessor, restore said premises, buildings, grounds, improvements, and appurtenances to the same and original condition as when taken, fair wear and tear excepted, whether such changes, alterations, or additions were made by him with the consent and approval of the Lessor or not.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Lessor agrees to maintain the roof and structural foundation of the building. The only exception to this agreement would be if damage were caused by the negligent acts or willful misconduct of Lessee, its employees, or agents, in which case the Lessee would be responsible for the cost of repairing any damage. Lessor also agrees to be responsible in the event the original heating and air-conditioning unit serving the office area should require replacement. Lessor also agrees to be responsible in the event the water heater should require replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Alterations</u>. It is agreed that any alterations, additions, or improvements made to premises, whether with or without the consent of Lessor, except movable furniture and trade fixtures, shall, at the option of the Lessor, become the property of the Lessor, and shall remain upon and be surrendered with the premises as part thereof upon the termination of this lease, except as may be otherwise agreed in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Default</u>. It is agreed that if the Lessee shall be "in default" in payment of rent or if the leased premises shall be abandoned or become vacant during the term of this lease without the Lessee having paid in full the rent for the entire term, then and in such case, the Lessor shall have the right and obligation, at his option, to take possession of the leased premises. In such instance, Lessor shall let the same as the agent of the Lessee, and apply the proceeds received from such letting toward the payment of the rent of the Lessee under this lease; and such re-entry and re-letting shall not discharge the Lessee from liability for deficiencies in rent, above that collected, nor from any other obligations of the Lessee under the terms hereof, or the Lessor may, at his option, re-enter the leased premises and annul and terminate this lease. Lessee shall be "in default" in event of failure to pay rent or otherwise comply with his obligations hereunder within 10 days after postmark of written notice of such claim of default addressed to Lessee is placed in the United States mail, first class, postage prepaid, or by hand delivery.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Remedies Upon Default</u>. Upon the occurrence of an Event of Default, Landlord, in addition to any and all other rights or remedies it may have at law or in equity, shall have the option of pursuing any one the following remedies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Landlord may terminate the Lease by giving notice of termination, in which
event this Lease shall expire and terminate on the date specified in such notice, with same force and effect as the originally fixed termination
date. All rights of Tenant under this Lease and in the Premises shall expire and terminate, and Tenant shall remain liable for all obligations
under this Lease arising up to the date of such termination and Tenant shall surrender the Premises to Landlord on the date specified
in the notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Landlord may terminate this Lease hereof and recover from Tenant all damages Landlord may incur by reason of Tenant's default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Landlord may, without terminating this Lease, declare immediately due
and payable all monthly rent and additional rent due and coming due under this Lease for the entire remaining term thereof, at once; provided,
however, that such payment shall not be deemed a penalty or liquidated damages but shall merely constitute payment in advance of rent
for the remainder of said term, upon making such payment, Tenant shall be entitled to receive from Landlord all rents received by Landlord
from other assignees, tenants and subtenants on account of the Premises during the term of this Lease, provided that the monies to which
Tenant shall so become entitled shall in no event exceed the entire amount actually paid by Tenant to Landlord pursuant to this clause
(c) less all costs, expenses and attorney's fees of Landlord incurred in connection with the reletting of the Premises, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Landlord may, from time to time, without terminating the Lease, and without
releasing Tenant in whole or in part from Tenant's obligation to pay monthly rent and additional rent and perform all of the covenants,
conditions and agreements to be performed by Tenant as provided in this Lease, make such alterations and repairs as may be necessary in
order to relet the Premises, and after making such repairs, Landlord may, but shall not be obligated to, relet the Premises or any part
thereof for such term or terms (which may be for a term extending beyond the term of this Lease) at such rental or rentals and upon other
such terms and conditions as Landlord in its sole discretion may deem advisable or acceptable; upon reletting, all rentals received may
be applied, at Landlord's discretion, to other indebtedness such as repairs,

alterations, attorney's fees before applying to rental or additional rental. In no way is Tenant entitled to any excess rent received by Landlord over and above charges the Tenant is obligated to pay hereunder; if rentals received from such reletting during any month are less than those to be paid during the month by Tenant hereunder, including monthly rental and additional rent, Tenant shall pay any such deficiency to Landlord, which deficiency shall be calculated and paid monthly; Tenant shall also pay Landlord as soon as ascertained and upon demand all costs and expenses incurred by Landlord in connection with such reletting and in making any alterations and repairs which are not covered by rentals received from such reletting; notwithstanding any such reletting without termination, Landlord may at any time thereafter elect to terminate this Lease for such pervious breach.

Tenant acknowledges that the Premises are to be used for commercial purposes, and Tenant expressly waives the protections and rights set forth in the Official Code of Georgia Annotated Section 44-7-52.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Ordinances and Statutes</u>. The Lessee shall comply with all statutes, ordinances and requirements of all municipal, state, and federal authorities now in force, or which may hereafter be in force, pertaining to the premises, occasioned by or affecting the use thereof by Lessee, and save Lessor harmless from penalties, fines, costs or damages from failing to do so. This would include any requirements for a Certificate of Occupancy or any requirements by authorized fire inspectors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Entry and Inspection</u>. Lessee shall permit Lessor or Lessor's agents to enter upon the premises at reasonable times and upon reasonable notice, for the purpose of inspecting the same, and will permit Lessor at any time within sixty (60) days prior to the expiration of this lease, to display in a prominent position a "For Lease" or "For Sale" sign, and permit persons desiring to lease or buy the same to inspect the premises thereafter.

.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Expiration of Term</u>. Should the Lessee continue to occupy the premises after the expiration of said term, or after a forfeiture has occurred, whether with or against the consent of the Lessor, such tenancy shall be from month to month, and in no case shall a holding over by the Lessee after the expiration or forfeiture of this lease operate as a renewal or extension thereof, but he shall be only a tenant by the month and at the will of Lessor, until such time that a new lease agreement might be executed by both parties. Lessee agrees to give Lessor a 90-day notice of vacating the premises, whether during the last 90 days of this lease or any extension thereof or during month-to-month occupancy of premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Damage or Destruction of Premises</u>. The Lessee shall use every reasonable precaution against fire, and shall in case of fire or other casualty, give immediate notice thereof to the Lessor, who shall, unless the building be so damaged that Lessor shall decide not to recondition, thereupon cause the damage to be promptly repaired, but if the premises, or the building of which these premises are a part, be so damaged that the Lessor shall decide not to recondition, either temporarily or permanently, then the term shall cease and the accrued rent shall be paid up to the time of the fire or other casualty with no further obligation of either party hereunder to recognize this lease if the building be later rebuilt. If the Lessor shall decide to rebuild, then rent during the restoration period shall abate in proportion to the damage sustained to the leased premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Eminent Domain</u>. If the premises or any part thereof or any estate therein, or any other part of the building materially affecting Lessee's use of the premises, shall be taken by eminent domain, this lease shall terminate on the date when title vests pursuant to such taking. The rent shall be apportioned as of the termination date, and any rent paid for any period beyond that date shall be repaid to Lessee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Subleasing</u>. Lessee shall not have the right or authority to sublease said premises or any part thereof, or to transfer or assign this lease, without the written consent of Lessor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Indemnification of Lessor</u>. Lessor shall not be liable for any damage or injury to Lessee, or any other person, or to any property, occurring on the demised premises or any part thereof, and Lessee agrees to hold Lessor harmless from any claims for damages, no matter how caused.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. <u>Option to Renew</u>. Provided that the Lessee is not in default in the performance of this lease, Lessee shall have the option to renew the lease for an additional terms of 12 months, commencing at the expiration of the initial lease term or any subsequent extension. All terms and conditions of the lease shall apply during the renewal terms. Any option shall be exercised by written notice given to Lessor not less than 60 days prior to the expiration of the previous lease term. If notice is not given in the manner provided herein, the option shall expire. Rent will increase 4% annually per option renewal..

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. <u>Heirs, Assigns, Successors</u>. This lease is binding upon and inures to the benefit of the heirs, assigns and successors in interest to the parties.

It is agreed that while the singular pronoun only is used in the foregoing contract, it shall be construed as masculine, feminine, or neuter, and as either singular or plural, as might be applicable to the parties to the contract.

The parties have executed this Lease on the dates stated adjacent to their signatures and each copy so executed shall constitute an original.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. <u>Exterior Signs</u>. Tenant shall place no signs upon the outside walls or roof of the Premises except with the written consent of the Landlord. Any and all signs placed on the Premises by Tenant shall be maintained in compliance with governmental rules and regulations governing such signs, and Tenant shall be responsible to Landlord for any damage caused by installation, use or maintenance and or removal of such signs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. <u>No Estate In Land</u>. This Lease shall create the relationship of Landlord and Tenant between the parties hereto. No estate shall pass out of Landlord. Tenant has only a usufruct not subject to levy and sale, and not assignable by Tenant except by Landlord's consent.

LESSOR: <u>JNE PPROPERTIES, LLC</u>

---

| | | | |
|:---|:---|:---|:---|
| BY: | /s/ Andy Teixeira | Dated: | March 17, 2022 |
|  | Andy Teixeira - Member |  |  |

---

LESSEE: <u>GEORGIA FIRE & RESCUE SUPPLY</u>

---

| | | | |
|:---|:---|:---|:---|
| BY: | /s/ JP Backwell | Dated: | March 17, 2022 |
|  | JP Backwell - Managing Director |  |  |

---

## Exhibit 10.10

![](image_025.jpg)

## Exhibit 10.11

**SanFrancisco.315Montgomery**

![](image_029.gif)

**From:** SanFrancisco.315Montgomery@regus.com

**Sent:** 31 October 2021 15:44

**To:** Falk Carsten

**Subject:** Your Virtual Office Renewal

Dear Mr. Falk Carsten,

We are pleased to inform you that your Virtual Office agreement has been renewed until 31 Jan 2023 at

$89.00 excluding tax per month. As you have had a discount with no increase over a 12-month period we have amended your current discount slightly. Please note that once your renewal period has started a top-up retainer may be added, if applicable, to your monthly invoice.

We would like to thank you for your continued and valued business and are pleased to be serving you.

If for any reason you would like to renew for a longer term, or have any questions regarding your renewal, please feel free to contact us within 10 days of receipt of this email.

Sincerely,

Your Center Team

+1 4158294300

## Exhibit 10.12

![](image_027.jpg)

**Hamriyah Free Zone Authority**

![](image_032.gif)

**QUALITY INTERNATIONAL CO. LTD** **FZC**

AGREEMENT

LEASE & PERSONNEL SECONDMENTS

**Plot No. : HD-22C/2,HD-22C/1 (20934.00Sq.m)**

**(Phase 1)**

**06/06/2022**

**THIS AGREEMENT for Lease and Personnel Secondment is made on 06/06/2022 BETWEEN**

**:-**

**HAMRIYAH FREE ZONE AUTHORITY** of P.O Box 1377, Sharjah, United Arab Emirates (the Landlord / Authority); and **QUALITY INTERNATIONAL CO. LTD FZC** (the Tenant / Company) **WITNESSES** as follows :-

&nbsp;&nbsp;&nbsp;&nbsp;**1.** Copies of the following provided to the Tenant / company the receipt of which is acknowledged shall be an integral part of this Agreement and shall be binding on the Landlord / Hamriyah Free Zone Authority and the Tenant / company.

&nbsp;&nbsp;&nbsp;&nbsp;a. **The STANDARD TERMS AND CONDITIONS OF HAMRIYAH FREE ZONE LAND** 

**LEASES concerning the Premises being leased and**

&nbsp;&nbsp;&nbsp;&nbsp;b. **The STANDARD TERMS AND CONDITIONS OF HAMRIYAH FREE ZONE** 

**PERSONNEL SECONDMENTS** concerning the payment of contractual obligations of the company related to their seconded employees.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** **"Initial Rent"** per annum shall be as follows for Plot No(s) **HD-22C/2,HD-22C/1 (20934.00Sq.m)** (**20,934.00 sq. m**) in Hamriyah Free Zone :

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Particulars** | &nbsp;&nbsp;**Rate / Sqm (AED)** | &nbsp;&nbsp;&nbsp;**Rent Holiday (AED)** | &nbsp;&nbsp;&nbsp;&nbsp;**Annual Rent (AED)** | &nbsp;&nbsp;**Effective** **Rate / sqm** |
| &nbsp;&nbsp;&nbsp;&nbsp;Year 1 - 06/06/2022 to 10/09/2022 | 50.00 | 0 | 281032 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Year 2 - 11/09/2022 to 10/09/2023 | 50.00 | 0 | 1046700 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Year 3 - 11/09/2023 to 10/09/2024 | 50.00 | 0 | 1046700 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Year 4 - 11/09/2024 to 10/09/2025 | 50.00 | 0 | 1046700 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Year 5 - 11/09/2025 to 10/09/2026 | 50.00 | 0 | 1046700 |  |

---

In the event of facility termination during the next **5** years, the rent holiday provided if any will be reversed in full.

Any Tax as applied by UAE laws will be applicable on all rent, fees and charges.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **"Permitted Use" :** Subject to obtaining all necessary approvals from the landlord and other authorities, if any, the Premises may be used for **GENERAL TRADING.,ENGINEERING, PROCUREMENT AND CONSTRUCTION OF INDUSTRIAL PROJECTS IN OIL & GAS, PETROCHEMICAL AND REFINERY , FERTILIZERS AND CHEMICALS, POWER AND DESALINATION INDUSTRIES, MANUFACTURING & FABRICATION OF STEEL AND OF STEEL PRODUCTS , ONSHORE / LAND RIG MAINTENANCE, UPGRADE AND** **ONSHORE/ LAND RIG MANUFACTURING**. (Industrial,Commercial) provided any activity in the UAE outside the Free Zone will have to be done in accordance with local rules and regulations ;

&nbsp;&nbsp;&nbsp;&nbsp;**4.** **"Premises"** shall be the land situated at Hamriyah Free Zone and known as Plot No (s).**HD-22C/2,HD-22C/1 (20934.00Sq.m)**

&nbsp;&nbsp;&nbsp;&nbsp;**5.** **"Review Date"** shall be as per clause 2 above and the **"Relevant Contract Review Date"** shall be construed accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;**6.** **"Term"** The Lease period shall be **1** year(s) from lease agreement date, renewable.

&nbsp;&nbsp;&nbsp;&nbsp;**7.** **"Term and Rent Commencement Date"** shall be **06-Jun- 2022**.

&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Address**:

All correspondence shall be sent to the parties at the address set out below or such addresses as may be notified by the parties :

HAMRIYAH FREE ZONE AUTHORITY

P.O Box 1377

Sharjah, UAE

Tel : 06-5263 333

This document is digitally signed and it does not need to be stamped or signed. To verify online visit http://www.hfza.ae/en-us/Verify-Documentsv2. Online Verification # 95283732

**QUALITY INTERNATIONAL CO. LTD FZC**

Po Box 50622

Hamriyah Free Zone Sharjah, UAE Tel : 97167480511 Fax : 06-5134105

## Exhibit 10.13

![](image_030.jpg)

![](image_031.jpg)

![](image_032.jpg)

## Exhibit 10.14

![](image_036.jpg)

![](image_037.jpg)

## Exhibit 10.15

![](image_038.jpg)

![](image_039.jpg)

![](image_040.jpg)

![](image_041.jpg)

![](image_042.jpg)

## Exhibit 10.16

![](image_043.jpg)

![](image_044.jpg)

![](image_045.jpg)

![](image_046.jpg)

![](image_047.jpg)

## Exhibit 10.17

![](image_048.jpg)

![](image_049.jpg)

![](image_050.jpg)

![](image_051.jpg)

![](image_052.jpg)

## Exhibit 10.18

![](image_053.jpg)

## Exhibit 10.19

![](image_054.jpg)

![](image_055.jpg)

![](image_056.jpg)

![](image_057.jpg)

![](image_058.jpg)

## Exhibit 23.1

---

| | |
|:---|:---|
| ![](image_078.jpg) | ![](image_079.jpg) |

---

**Consent of Independent Registered Public Accounting Firm**

To,

**Ilustrato Pictures International Inc. ("ILUS")**

New York, NY

We consent to the inclusion of our following reports of Independent Registered Public Accounting Firm in this Amendment No. 2 of the Registration statement of Ilustrato Pictures International, Inc. (the "company") on Form 10/A, as issued for CY 2020 and CY 2021.

For, PIPARA & CO LLP (6841)

*Pipara & Co LLP*

Place: Ahmedabad, India

Date:January 31, 2023

---

| | | | | |
|:---|:---|:---|:---|:---|
| **New York Office:**<br> 1270, Ave of Americas,<br> Rockfeller Center, FL7,<br> **New York** – 10020, **USA**<br>| &nbsp;&nbsp;&nbsp;**Corporate Office:**<br> **"Pipara Corporate House"** <br> Near Bandhan Bank Ltd.,<br> Netaji Marg, Law Garden,<br> Ahmedabad 380006, INDIA | &nbsp;&nbsp;&nbsp;**Mumbai Office:**<br> #3, 13th floor, Tradelink,<br> 'E' Wing, A - Block, Kamala<br> Mills, Senapati Bapat Marg,<br> Lower Parej, Mumbai - 400013 | &nbsp;&nbsp;**Delhi Office:**<br> 1602, Ambadeep Building,<br> KG Marg, Connaught Place<br> **New Delhi**- 110001 | &nbsp;&nbsp;**Contact:**<br> **T: +1 (646) 387 2034**<br> **F: 91 79 40 370376**<br> E:**usa@pipara.com**<br> **naman@piara.com** <br>|

---

## Corresp

**Ilustrato Pictures International, Inc.**

**26 Broadway, Suite 934**

**New York, NY 10004**

***<u>Via EDGAR</u>***

 **

January 31, 2023

United States Securities and Exchange Commission

100 F Street, N.E. Mailstop 3720

Washington D.C., 20549-7010

Attention: Thomas Jones

**Re: Ilustrato Pictures International, Inc.**

**Amendment No. 1 to Registration Statement on Form 10-12G** 

**Filed December 9, 2022**

**File No. 000-56487**

Dear Mr. Jones:

I write on behalf of Ilustrato Pictures International, Inc. (the "Company") in response to Staff's letter of January 5, 2023 by the Division of Corporation Finance of the United States Securities and Exchange Commission (the "Commission") regarding the above-referenced Amendment No. 1 to Registration Statement on Form 10-12G, filed December 9, 2022 (the Comment Letter").

Paragraph numbering used for each response corresponds to the numbering used in the Comment letter.

**<u>AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM 10 FILED DECEMBER 9, 2022</u>**

**<u>ORGANIZATIONAL STRUCTURE, PAGE 2</u>**

&nbsp;&nbsp;&nbsp;&nbsp;1. PLEASE FILE AS EXHIBITS THE SHARE PURCHASE AGREEMENTS MENTIONED IN THE BULLET POINTS ON
PAGE 3. ALSO, REVISE THE DISCLOSURE TO UPDATE THE STATUS CONCERNING THE ACQUISITION OF A 51% INTEREST IN QUALITY INTERNATIONAL CO. LTD.
FCZ MENTIONED IN THE LAST BULLET POINT ON PAGE 3.

In response to this comment, the Company filed the mentioned share purchase agreement as exhibits to the amended registration statement. The Company also updated the status of the acquisition of Quality International Co. Ltd. with a description of the material terms of the recently executed Share Purchase Agreement with Quality International, also made an exhibit to the amended registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;2. PLEASE ENSURE THAT YOU HAVE DISCLOSED THE MATERIAL TERMS OF THE SHARE PURCHASE AGREEMENTS MENTIONED IN THE BULLET POINTS ON PAGE 3
AND ELSEWHERE. FOR EXAMPLE, DISCLOSE THE "CERTAIN AGREED TARGETS AND KEY PERFORMANCE INDICES" MENTIONED ON PAGES 14 AND 16.

In response to this comment, the Company disclosed the material terms of the Share Purchase Agreements, including the agreed targets and key performance indices in the amended registration statement.

**<u>FIREBUG GROUP, PAGE 8</u>**

&nbsp;&nbsp;&nbsp;&nbsp;3. THE DISCLOSURE ON PAGE 8 THAT "ILUS ACQUIRED 100% OF THE SHARES IN FIREBUG MECHANICAL EQUIPMENT L.L.C. AND 100% OF THE SHARES
IN FB FIRE TECHNOLOGIES LTD. *WITHOUT CONSIDERATION.* BOTH COMPANIES WERE BENEFICIALLY OWNED BY NICOLAS LINK" APPEARS TO CONFLICT
WITH THE DISCLOSURE ON PAGE 45 THAT MR. LINK WAS ISSUED 360,000,000 COMMON SHARES ON THE 29<sup>TH</sup> OF MAY 2020 "AS *A SWAP* FOR MR. LINK'S FIREBUG GROUP SHARES, OF WHICH 340,000,000 HAVE SINCE BEEN CONVERTED TO A PREF B SHARE CATEGORY. MR. LINK WAS ALSO
ISSUED 10,000,000 PREF A SHARES AND 60,741,000 PREF D SHARES ON THE 29<sup>TH</sup> OF MAY 2020." PLEASE ADVISE OR REVISE ACCORDINGLY.

In response to this comment, the Company revised and clarified the disclosure in the amended registration statement to state that on May 10, 2020, FB Technologies Global, Inc. wholly owned by Nicolas Link acquired the control block consisting of 10,000,000 Pref A Shares 60,741,000 Pref D shares and 360,000,000 common stocks from the prior CEO, Larson Elmore, for an aggregate purchase price of $140,000. On June 10, 2020, the Company entered into a definitive agreement with FB Fire Technologies Ltd. for conversion of debt. The shareholders were issued 3,172,175 shares of Class E Preferred Stock. BrohF Holdings Ltd. was issued 672,175 shares and Artem Belov was issued 2,500,000 shares of Preferred Class E stock, respectively. A final tranche of shares for debt conversion will be issued conditional upon the audited financials for 2022. On 26 January 2021, ILUS (The "Buyer") acquired 100% of the shares in Firebug Mechanical Equipment L.L.C. and 100% of the shares in FB Fire Technologies Ltd. Both companies were contributed to ILUS without consideration.

**<u>LEGAL PROCEEDINGS, PAGE 20</u>**

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|:---|:---|
| 4 | PLEASE REVISE THE DISCLOSURE ON PAGES 20 AND 51 TO STATE WHEN THE CASE WAS WON BY THE COMPANY. ALSO, REVISE THE DISCLOSURE ON PAGES 20 AND 51 TO ENSURE THAT THE LEGAL DISPUTE BETWEEN THE OLD CEO AND OWNER LARSON ELMORE CONTAINS A DESCRIPTION OF THE FACTUAL BASIS ALLEGED TO UNDERLIE THE PROCEEDINGS AND THE RELIEF SOUGHT. REFER TO ITEM 103(A) OF REGULATION S-K. |

---

In response to this comment, the Company included the date when the case was won and expanded the disclosure in the amended registration statement concerning the action with Larson Elmore.

**<u>RISK FACTORS, PAGE 22</u>**

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| | |
|:---|:---|
| 5 | PLEASE INCLUDE A RISK FACTOR TO HIGHLIGHT THE LEGAL DISPUTE BETWEEN THE OLD CEO AND OWNER MENTIONED ON PAGES 20 AND 51. ALSO, INCLUDE A RISK FACTOR TO HIGHLIGHT THE RISKS CONCERNING THE CONVERSION RATES AND VOTING RIGHTS OF YOUR PREFERRED STOCK. FOR EXAMPLE, WE NOTE THE DISCLOSURE ON PAGES 21 AND 22 ABOUT THE PREFERRED SHARES. |

---

In response to this comment, the Company included a risk factor to highlight the dispute with its prior CEO in the amended registration statement. The Company also added a risk factor concerning the conversion rates and voting rights of the Company's outstanding preferred stock.

6 PLEASE INCLUDE A RISK FACTOR TO HIGHLIGHT THE ISSUANCE OF SHARES UPON CONVERSION OF THE OUTSTANDING CONVERTIBLE NOTES WITH THE ENTITIES MENTIONED ON PAGE 53. IN THIS REGARD, WE NOTE THE ISSUANCE OF SHARES FOR SETTLEMENT OF NOTES FROM 2020 - 2022 AS MENTIONED ON PAGES 54 - 57.

In response to this comment, the Company added a risk factor to the amended registration statement concerning the conversion or settlement of outstanding notes into common stock of the Company.

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| | |
|:---|:---|
| 7 | WE NOTE THE DISCLOSURE ON PAGE 26 THAT THE COMPANY "EXPECTS INTERNATIONAL OPERATIONS AND EXPORT SALES TO CONTINUE TO BE SIGNIFICANT FOR THE FORESEEABLE FUTURE." PLEASE REVISE THE DISCLOSURE TO QUANTIFY, TO THE EXTENT PRACTICABLE, THE SIGNIFICANCE OF INTERNATIONAL OPERATIONS AND EXPORT SALES, SUCH AS THE AMOUNT OF YOUR REVENUE FROM INTERNATIONAL OPERATIONS AND THE AMOUNT OF YOUR ASSETS LOCATED OUTSIDE THE UNITED STATES. |

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In response to this comment, the Company revised the risk factor in the amended registration statement concerning international export sales to quantify the significance that a majority of sales and assets are derived from the Company's international export business.

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| | |
|:---|:---|
| **8** | WE NOTE THE DISCLOSURE IN THE THIRD BULLET POINT ON PAGE 3 ABOUT CUSTOMERS IN THE MIDDLE EAST, ASIA AND AFRICA AND THE DISCLOSURE IN THE PENULTIMATE PARAGRAPH ON PAGE 37 ABOUT A PROJECT IN SERBIA. PLEASE EXPAND THIS SECTION TO INCLUDE RISK FACTORS THAT HIGHLIGHT THE MATERIAL RISKS CONCERNING OPERATIONS IN THESE REGIONS |

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In response to this comment, the Company revised the risk factor in the amended registration statement concerning material risks in conducting operations in the regions stated.

**<u>MANAGEMENT'S DISCUSSION AND ANALYSIS, PAGE 35</u>**

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| | |
|:---|:---|
| 9 | IN VIEW OF THE STATEMENT IN YOUR JULY 13, 2022 PRESS RELEASE THAT "DUE TO CURRENT PROGRESS AND THE AGREED ACQUISITIONS WHICH IT EXPECTS TO CLOSE IN THE 3RD QUARTER, ILUS HAS UPDATED ITS REVENUE FORECAST TO A RUN RATE OF $140 MILLION FOR 2022," PROVIDE THE DISCLOSURE REQUIRED BY ITEM 303(A)(3)(II) OF REGULATION S-K GIVEN YOUR DISCLOSURE ABOUT REVENUE OF $43.1 MILLION FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2022, INCLUDING REVENUE OF $20.4 MILLION FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2022. |

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In response to this comment, the Company revised its MD&A disclosures in the amended registration statement concerning its run rate revenue forecast for 2022, required by Item 303 of Regulation S-K.

**<u>RECENT DEVELOPMENTS AND PLAN OF OPERATIONS, PAGE 37</u>**

&nbsp;&nbsp;&nbsp;&nbsp;10. WE NOTE THE STATEMENT IN YOUR LETTER TO SHAREHOLDERS DATED NOVEMBER 11, 2022 THAT THE COMPANY HAS "OVER
$150 MILLION IN CONFIRMED PURCHASE ORDERS AND $220 MILLION IN EXPECTED ORDERS." HOWEVER, IT DOES NOT APPEAR THAT YOU DISCUSS SUCH
ORDERS IN THIS SECTION OR ELSEWHERE IN YOUR AMENDMENT. PLEASE ADVISE OR REVISE ACCORDINGLY.

In response to this comment, the Company revised its MD&A disclosures in the amended registration statement concerning its purchase orders for its acquisition Quality International Co. Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;11. WE NOTE THE STATEMENT IN YOUR LETTER TO SHAREHOLDERS THAT THE COMPANY IS "PRESENTLY MANUFACTURING
IN 4 COUNTRIES WITH SEVERAL MILLION SQUARE FEET OF MANUFACTURING SPACE AND WILL BE INCREASING TO MANUFACTURING IN 7 COUNTRIES SOON."
PLEASE EXPAND THE APPROPRIATE SECTION TO DISCUSS YOUR PLANS ABOUT "MANUFACTURING IN 7 COUNTRIES SOON."

In response to this comment, the Company revised its MD&A disclosures in the amended registration statement concerning the countries where the company currently manufacture and the countries in which the company expect to manufacture in during H1 2023.

&nbsp;&nbsp;&nbsp;&nbsp;12. WE NOTE THE STATEMENT IN YOUR LETTER TO SHAREHOLDERS THAT "WE HAVE 6 ACQUISITIONS COMPLETED ALREADY
AND SEVERAL AGREED" AND YOUR PRESS RELEASE DATED DECEMBER 13, 2022 ABOUT THE ACQUISITION OF AL SHOLA AL MODEA SAFETY AND SECURITY
LLC. PLEASE ENSURE THAT YOU UPDATE THE DISCLOSURE CONCERNING SUCH ACQUISITIONS.

In response to this comment, the Company updated its disclosures in the amended registration statement concerning all acquisitions. It also included the Share Purchase Agreement for the acquisition as an exhibit to the amended registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;13. PLEASE EXPAND THE DISCLOSURE ON PAGE 37 ABOUT "ILUS IS IN THE PROCESS OF LAUNCHING AN APPROVED
INVESTMENT PROJECT IN SERBIA" TO DISCUSS THE PROJECT IN GREATER DETAIL. FOR EXAMPLE, WE NOTE THE INFORMATION IN YOUR SEPTEMBER 26,
2022 PRESS RELEASE THAT: (1) "ILUS HAS SECURED UPWARDS OF $8 MILLION IN GOVERNMENT SUBSIDIES FOR ILUS EV TECHNOLOGIES. A FURTHER
FIVE PLANNED INVESTMENT PROJECTS ARE INCLUDED IN THE COMPANY'S APPROVED PHASE ONE BUSINESS PLAN FOR THE REGION, EACH RESULTING IN
THEIR OWN SUBSTANTIAL GOVERNMENT SUBSIDIES;" (2) "AS PART OF THE PLANNED PHASE ONE ROLLOUT IN SERBIA, ILUS HAS SECURED A LARGE
SITE ON THE OUTSKIRTS OF AAK AND ALSO HAS THE OPTION TO SECURE MANUFACTURING FACILITIES IN KRAGUJEVAC AND JAGODINA. THE PLANNED PHASE
TWO PROJECT IS CONSIDERED BY ILUS AS A SEPARATE PROJECT ENTIRELY, INVOLVING THE PRIVATIZATION OF A LARGE GOVERNMENT SITE;" AND (3)
"SERBIA IS ALSO EXPECTED TO BE ILUS' MAIN PRODUCTION HUB FOR VEHICLES AND EQUIPMENT OUTSIDE OF THE UNITED STATES."

In response to this comment, the Company revised its MD&A disclosures in the amended registration statement concerning its acquisitions in 2022 and so far in 2023 and the subsidies expected from the Serbian government.

**<u>PROPERTIES, PAGE 40</u>**

&nbsp;&nbsp;&nbsp;&nbsp;14. PLEASE FILE AS EXHIBITS THE LEASE AGREEMENTS MENTIONED IN THIS SECTION.

In response to this comment, the Company filed the lease agreements as exhibits.

**<u>DIRECTORS AND EXECUTIVE OFFICERS, PAGE 42</u>**

&nbsp;&nbsp;&nbsp;&nbsp;15. PLEASE ENSURE THAT YOU HAVE DISCLOSED THE BUSINESS EXPERIENCE OF YOUR OFFICERS AND DIRECTORS FOR THE
LAST FIVE YEARS. FOR EXAMPLE, IT IS UNCLEAR WHY THE DISCLOSURE IN THIS SECTION DOES NOT MENTION THAT ON OCTOBER 21, 2022, MR. FALK RESIGNED
AS CEO OF QUALITY INDUSTRIAL CORP. AND WAS APPOINTED AS CHIEF COMMERCIAL OFFICER OF QUALITY INDUSTRIAL CORP. AS DISCLOSED ON PAGE 2 OF
QUALITY INDUSTRIAL CORP.'S FORM 8-K FILED ON OCTOBER 21, 2022. AS ANOTHER EXAMPLE, REVISE THE DISCLOSURE ON PAGES 42 - 44 TO CLARIFY WHETHER
EACH OF YOUR CURRENT OFFICERS AND DIRECTORS HOLD AND HELD OVER THE PAST FIVE YEARS ANY OTHER DIRECTORSHIPS IN ANY COMPANY WITH A CLASS
OF SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE EXCHANGE ACT OR SUBJECT TO THE REQUIREMENTS OF SECTION 15(D) OF THE EXCHANGE ACT
OR ANY COMPANY REGISTERED AS AN INVESTMENT COMPANY UNDER THE INVESTMENT COMPANY ACT OF 1940. ALSO, REVISE PAGE 44 TO DISCLOSE WHEN MR.
FALK WON TWO GAZELLE PRIZES AND WHEN HE WAS AWARDED FOR BEST GLOBAL ONLINE SALES.

In response to this comment, the Company updated its disclosures concerning its officers and directors in the amended registration statement. The Company also included any directorships in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any company registered as an investment company under the Investment Company Act of 1940. Finally, the Company updated disclosures pertaining to Mr. Falk's awards.

&nbsp;&nbsp;&nbsp;&nbsp;16. PLEASE TELL US, WITH A VIEW TO DISCLOSURE, WHY AND WHEN COMMON SHARES IN QIND WILL BE ISSUED TO YOUR
OFFICERS AND DIRECTORS AS DISCLOSED ON PAGES 45- 50.

In response to this comment, the Company revised its MD&A disclosures in the amended registration statement concerning issuance of common shares in QIND expected in Q1 2023.

**<u>EXECUTIVE COMPENSATION, PAGE 45</u>**

&nbsp;&nbsp;&nbsp;&nbsp;17. PLEASE REVISE TO INCLUDE COMPENSATION DISCLOSURE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022.

In response to this comment, the Company revised its compensation disclosures in the amended registration statement to include unaudited compensation for 2022.

&nbsp;&nbsp;&nbsp;&nbsp;18. PLEASE TELL US, WITH A VIEW TO DISCLOSURE, WHERE THE ISSUANCES OF SECURITIES TO
MR. BACKWELL AND MRS. BENNETT MENTIONED ON PAGES 55 AND 56 ARE INCLUDED AS COMPENSATION IN THE TABLE ON PAGE 45.

In response to this comment, the Company revised its disclosures in the amended registration statement to include a footnote regarding Mr. Backwell's and Mrs. Bennett's share issuances.

&nbsp;&nbsp;&nbsp;&nbsp;19. WITH REGARD TO STOCK AWARDS FOR THE FISCAL YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2021, PLEASE
REVISE THE SUMMARY COMPENSATION TABLE TO INCLUDE A FOOTNOTE DISCLOSING ALL ASSUMPTIONS MADE IN THE VALUATION. REFER TO INSTRUCTION 1 OF
ITEM 402(N)(2)(V) OF REGULATION S-K.

In response to this comment, the Company revised its disclosures in the amended registration statement to include a footnote with the assumptions made in the valuation. referencing instruction 1 of item 402(n)(2)(v) of regulation S-K. Compensation disclosures for 2022 are unaudited. The table has been adjusted for Nicolas Link since previous statement included acquired shares. No compensation was awarded for Nicolas Link in 2020 or 2021.

**<u>EMPLOYMENT AGREEMENTS, PAGE 45</u>**

&nbsp;&nbsp;&nbsp;&nbsp;20. PLEASE ENSURE THAT YOU DISCLOSE THE MATERIAL TERMS OF THE EMPLOYMENT AGREEMENTS. FOR EXAMPLE, WE NOTE
THE REFERENCES ON PAGES 46 - 50 TO "THE OFFICER SHALL BE ENTITLED TO THE SEVERANCE BENEFITS." HOWEVER, THE SEVERANCE BENEFITS
ARE NOT DISCLOSED ON PAGES 46-50.

In response to this comment, the Company revised its MD&A disclosures in the amended registration statement concerning the officer's severance benefits.

**<u>DEBT SECURITIES, PAGE 53</u>**

&nbsp;&nbsp;&nbsp;&nbsp;21. PLEASE FILE AS EXHIBITS THE CONVERTIBLE NOTES ENTERED INTO WITH RB CAPITAL PARTNERS ON AUGUST 25, 2022
AND NOVEMBER 14, 2022.

In response to this comment, the company included the notes in the exhibits to the amended registration statement.

**<u>RECENT SALES OF UNREGISTERED SECURITIES , PAGE 54</u>**

&nbsp;&nbsp;&nbsp;&nbsp;22. AS TO SECURITIES SOLD FOR CASH, STATE THE AGGREGATE OFFERING PRICE. FOR EXAMPLE,
WE NOTE THAT THE INFORMATION IN THIS SECTION ABOUT THE ISSUANCE FOR SHARES OF COMMON STOCK "FOR ANAGREEMENT TO PURCHASE SHARES"
DOES NOT STATE THE AGGREGATE OFFERING PRICE. AS TO SECURITIES SOLD OTHERWISE THAN FOR CASH, STATE THE NATURE OF THE TRANSACTION AND THE
NATURE AND AGGREGATE AMOUNT OF CONSIDERATION RECEIVED BY THE REGISTRANT. FOR EXAMPLE, IT APPEARS FROM THE INFORMATION ON PAGES 55 AND
56: (1) THAT BETWEEN JANUARY 27, 2021 AND JULY 9, 2021 YOU ISSUED APPROXIMATELY 354 MILLION SHARES OF COMMON STOCK TO GPL VENTURES LLC
FOR "SETTLEMENT OF A CONVERTIBLE NOTE;" (2) THAT YOU ISSUED 3 MILLION SHARES OF COMMON STOCK FOR "SERVICES SUPPLIED TO
THE COMPANY;" AND (3) THAT ON FEBRUARY 7, 2022 YOU ISSUED 20 MILLION SHARES OF COMMON STOCK AS "COMMITMENT SHARES."

In response to this comment, the Company revised to include the aggregate offering prices.

&nbsp;&nbsp;&nbsp;&nbsp;23. PLEASE FILE AS AN EXHIBIT THE "AGREEMENT WITH LARSON ELMORE" MENTIONED ON PAGE 54.

In response to this comment, the Company revised filed the agreement with Larson Elmore as an exhibit in the amended registration statement.

**<u>GENERAL</u>**

&nbsp;&nbsp;&nbsp;&nbsp;24. PLEASE ENSURE THAT YOU HAVE UPDATED THE DISCLOSURE TO THE EXTENT PRACTICABLE. FOR
EXAMPLE, UPDATE THE DISCLOSURE IN THE LAST PARAGRAPH ON PAGE 21 ABOUT THE FINAL TRANCHE "TO BE ISSUED IN QUARTER 3 OF 2022"
TO CLARIFY WHETHER THE FINAL TRANCHE HAS BEEN ISSUED.

In response to this comment, the Company updated the disclosures in the amended registration statement concerning the last tranche.

&nbsp;&nbsp;&nbsp;&nbsp;25. PLEASE TELL US, WITH A VIEW TO DISCLOSURE, OF THE STATUS OF THE PLANS TO ACQUIRE A BATTERY MANUFACTURING
COMPANY MENTIONED IN YOUR JUNE 14, 2022 PRESS RELEASE. IN THIS REGARD, WE NOTE THE STATEMENT IN THE PRESS RELEASE THAT "IN A MOVE
THAT WILL ADD TO ITS RENEWABLES SUBSIDIARY, ILUS IS NOW IN THE FINAL STAGES OF AGREEING THE ACQUISITION OF A BATTERY MANUFACTURING COMPANY
WHICH IS CURRENTLY GENERATING $20 MILLION IN ANNUAL REVENUE."

In response to this comment, the battery manufacturing company failed the final on-site due diligence. The company is currently ongoing a due diligence with another renewables sector company of similar revenue size and will disclose as things develop in the process.

&nbsp;&nbsp;&nbsp;&nbsp;26. IF YOUR OPERATIONS HAVE EXPERIENCED OR ARE EXPERIENCING INFLATIONARY PRESSURES OR RISING COSTS, PLEASE
EXPAND TO IDENTIFY THE PRINCIPAL FACTORS CONTRIBUTING TO THE INFLATIONARY PRESSURES THE COMPANY HAS EXPERIENCED AND CLARIFY THE RESULTING
IMPACT TO THE COMPANY. PLEASE ALSO REVISE TO IDENTIFY ACTIONS PLANNED OR TAKEN, IF ANY, TO MITIGATE INFLATIONARY PRESSURES.

In response to this comment, the Company revised its disclosures in the amended registration statement concerning inflationary pressures in the risk factor section.

&nbsp;&nbsp;&nbsp;&nbsp;27. PLEASE DISCLOSE WHETHER AND HOW YOUR BUSINESS SEGMENTS, PRODUCTS, LINES OF SERVICE, PROJECTS, OR OPERATIONS
ARE MATERIALLY IMPACTED BY SUPPLY CHAIN DISRUPTIONS, ESPECIALLY IN LIGHT OF RUSSIA'S INVASION OF UKRAINE. FOR EXAMPLE, DISCUSS WHETHER
YOU HAVE OR EXPECT TO:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SUSPEND THE PRODUCTION, PURCHASE, SALE OR MAINTENANCE OF CERTAIN ITEMS DUE TO A LACK OF RAW MATERIALS, PARTS, OR EQUIPMENT; INVENTORY SHORTAGES;
CLOSED FACTORIES OR STORES; REDUCED HEADCOUNT; OR DELAYED PROJECTS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EXPERIENCE LABOR SHORTAGES THAT IMPACT YOUR BUSINESS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EXPERIENCE CYBERSECURITY ATTACKS IN YOUR SUPPLY CHAIN;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EXPERIENCE HIGHER COSTS DUE TO CONSTRAINED CAPACITY OR INCREASED COMMODITY PRICES OR CHALLENGES SOURCING MATERIALS (E.G., NICKEL, PALLADIUM,
NEON, COBALT, IRON, PLATINUM OR OTHER RAW MATERIAL SOURCED FROM RUSSIA, BELARUS, OR UKRAINE);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EXPERIENCE SURGES OR DECLINES IN CONSUMER DEMAND FOR WHICH YOU ARE UNABLE TO ADEQUATELY ADJUST YOUR SUPPLY;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• BE UNABLE TO SUPPLY PRODUCTS AT COMPETITIVE PRICES OR AT ALL DUE TO EXPORT RESTRICTIONS, SANCTIONS, TARIFFS, TRADE BARRIERS, OR POLITICAL OR
TRADE TENSIONS AMONG COUNTRIES OR THE ONGOING INVASION; OR BE EXPOSED TO SUPPLY CHAIN RISK IN LIGHT OF RUSSIA'S INVASION OF UKRAINE
AND/OR RELATED GEOPOLITICAL TENSION OR HAVE SOUGHT, MADE OR ANNOUNCED PLANS TO "DE-GLOBALIZE" YOUR SUPPLY CHAIN.

EXPLAIN WHETHER AND HOW YOU HAVE UNDERTAKEN EFFORTS TO MITIGATE THE IMPACT AND WHERE POSSIBLE QUANTIFY THE IMPACT TO YOUR BUSINESS.

In response to this comment, the Company revised its disclosures in the amended registration statement concerning supply chain disruptions pressures in the risk section.

&nbsp;&nbsp;&nbsp;&nbsp;28. PLEASE DISCLOSE WHETHER YOU ARE SUBJECT TO MATERIAL CYBERSECURITY RISKS IN YOUR SUPPLY CHAIN BASED
ON THIRD-PARTY PRODUCTS, SOFTWARE, OR SERVICES USED IN YOUR PRODUCTS, SERVICES, OR BUSINESS AND HOW A CYBERSECURITY INCIDENT IN YOUR SUPPLY
CHAIN COULD IMPACT YOUR BUSINESS. DISCUSS THE MEASURES YOU HAVE TAKEN TO MITIGATE THESE RISKS. TO THE EXTENT MATERIAL, DISCLOSE ANY NEW
OR HEIGHTENED RISK OF POTENTIAL CYBERATTACKS BY STATE ACTORS OR OTHERS SINCE RUSSIA'S INVASION OF UKRAINE AND WHETHER YOU HAVE TAKEN
ACTIONS TO MITIGATE SUCH POTENTIAL RISKS.

In response to this comment, the Company revised its disclosures in the amended registration statement concerning cyber risks in the risk section.

&nbsp;&nbsp;&nbsp;&nbsp;29. PLEASE DESCRIBE THE EXTENT AND NATURE OF THE ROLE OF THE BOARD OF DIRECTORS IN OVERSEEING CYBERSECURITY
RISKS, INCLUDING IN CONNECTION WITH THE COMPANY'S SUPPLY CHAIN/SUPPLIERS/SERVICE PROVIDERS.

In response to this comment, the company confirms that it had already employed an IT manager with experience in cyber security risks.

&nbsp;&nbsp;&nbsp;&nbsp;30. PLEASE DISCUSS WHETHER SUPPLY CHAIN DISRUPTIONS MATERIALLY AFFECT YOUR OUTLOOK OR BUSINESS GOALS. SPECIFY
WHETHER THESE CHALLENGES HAVE MATERIALLY IMPACTED YOUR RESULTS OF OPERATIONS OR CAPITAL RESOURCES AND QUANTIFY, TO THE EXTENT POSSIBLE,
HOW YOUR SALES, PROFITS, AND/OR LIQUIDITY HAVE BEEN IMPACTED. ALSO DISCUSS KNOWN TRENDS OR UNCERTAINTIES RESULTING FROM MITIGATION EFFORTS
UNDERTAKEN, IF ANY. EXPLAIN WHETHER ANY MITIGATION EFFORTS INTRODUCE NEW MATERIAL RISKS, INCLUDING THOSE RELATED TO PRODUCT QUALITY, RELIABILITY,
OR REGULATORY APPROVAL OF PRODUCTS.

In response to this comment, the company confirms that it had already employed an IT manager with experience in cyber security risks.

&nbsp;&nbsp;&nbsp;&nbsp;31. PLEASE DISCUSS WHETHER RECENT INCREASED CASES OF COVID-19 AND/OR SHUTDOWNS RELATED TO ADDITIONAL OR
INCREASED OUTBREAKS HAVE HAD A MATERIAL IMPACT ON YOUR OPERATIONS, SUPPLY CHAIN, LIQUIDITY OR CAPITAL RESOURCES. IN THIS REGARD, WHERE
YOU REFER TO EFFECTS THAT "MAY" OR "COULD" OCCUR, PLEASE REVISE TO CLARIFY WHAT HAS OCCURRED AND WHAT MATERIAL EFFECTS
ARE REASONABLY LIKELY TO HAPPEN.

In response to this comment, the Company revised its disclosures in the amended registration statement concerning COVID-19 in the risk section.

Sincerely

<u>/s/ Nicolas Link</u>

Nicolas Link

Chief Executive Officer