SEC Contract Filing

Filing Date: 2024-08-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>ea021124801ex10-4_quality.htm
<DESCRIPTION>ASSET PURCHASE AGREEMENT, DATED JUNE 21, 2024, WITH ILUSTRATO PICTURES INTERNATIONAL INC
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex10-4_001.jpg" ALT=""></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ASSET PURCHASE AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Asset Purchase Agreement
(this &ldquo;<U>Agreement</U>&rdquo;), dated as of June 21, 2024, by and between Ilustrato Pictures International Inc. a Nevada Copmany
(&ldquo;<U>Buyer</U>&rdquo;), and Quality industrial Corp., a Nevada corporation (&ldquo;<U>Seller</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>Seller desires
to sell, assign, transfer and convey, and Buyer desires to purchase the assets of Seller indicated on <U>Exhibit A</U> attached hereto
(the &ldquo;<U>Assets</U>&rdquo;) upon the terms and conditions hereinafter set forth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE, </B>in
consideration of the premises and of the mutual covenants, representations, warranties and agreements herein contained, the parties hereby
agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1. &nbsp;<U>Purchase
and Sale</U></B>. On the terms and subject to the conditions herein set forth, at the Closing (as such term is hereinafter defined), Seller
shall sell, transfer, convey, assign and deliver to Buyer, and Buyer shall purchase and accept delivery of, all of the Assets; free and
clear of any security interest, pledge, mortgage, lien, charge, encumbrance, license, easement, right-of-way, cloud on title, adverse
claim, preferential arrangement or restriction of any kind, including, but not limited to, any restriction on the use, voting, transfer,
receipt of income or other exercise of any attributes of ownership (collectively, the &ldquo;<U>Encumbrances</U>&rdquo;). Buyer&rsquo;s
acquisition shall be of Assets only, and shall have no obligation for any debt of the Company, pre-existing or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.</B> &nbsp;<B><U>Method
of Conveyance; Transfer Taxes</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) The sale, transfer, conveyance,
assignment and delivery by Seller of the Assets to Buyer in accordance with the terms and provisions of this Agreement shall be effected
on the Closing by Seller&rsquo;s execution and delivery of warranty deeds, bills of sale and other instruments of conveyance and transfer in
forms satisfactory to Buyer (collectively, the &ldquo;<U>Instruments of Conveyance</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) At the Closing, good and
valid title to all of the Assets shall be transferred, conveyed, assigned and delivered by Seller to Buyer, as evidenced by this Agreement
and the Instruments of Conveyance, free and clear of any and all Encumbrances, except for those Encumbrances specifically identified on
<U>Exhibit A</U> attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) All municipal, county, state
and federal sales and transfer taxes incurred, if any, in connection with the transactions contemplated by this Agreement shall be the
responsibility of, and paid promptly by, Seller. Each party, as appropriate, shall in a timely manner sign and swear to any return, certificate,
questionnaire or affidavit as to any matter within its knowledge required in connection with the payment of any such tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="ex10-4_002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: