Quality Industrial enters $2M share buy-back financing to fund acquisition of Quality International stake

Quality Industrial Corp.

Issues 6,410,971 common shares to Artelliq for $2M (AED 7.34M); immediately agrees to buy them back for $2,398,693 (AED 8.808M).
Buy-back price includes daily installments of USD 1,111.11 (AED 4,080); monthly average USD 33,333.33 (AED 122,400).
Proceeds used to fulfill payment obligations under Amended QI Purchase Agreement for 52% of Quality International.
Guarantee & Indemnity Agreement signed by ILUS and other guarantors; Artelliq may demand immediate buy-back on default.
Artelliq appoints an internal auditor with broad oversight over the acquired company's finances and operations.

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