Sky Quarry terminates CEO Sealock for cause, appoints Laun interim; issues $175K convertible note

Sky Quarry Inc.

CEO R. Michael Sealock terminated for cause on Aug 28, 2025; Marcus Laun appointed interim CEO.
Issued $175,000 convertible promissory note to Varie Asset Management LLC, 12% interest, matures Aug 29, 2027.
Conversion price $0.48/share (floor $0.40); warrant for 70,000 shares at $0.48 per share exercisable 24 months.

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