Sky Quarry to issue stock to LendSpark to settle $638,998 claim under court-approved 3(a)(10) agreement

Sky Quarry Inc.

Sky Quarry will issue Settlement Shares plus 6,000 Settlement Fee Shares to LendSpark to satisfy $638,998.00 in past-due liabilities under the Oct. 1, 2026 Settlement Agreement.
Conversion price is the lower of the closing price the day before initial conversion or the five-day average closing price; Settlement Shares issue in up to two tranches.
The Circuit Court of the Twelfth Judicial Circuit in DeSoto County, Florida approved the deal in Case No. 2026 CA 529 after an Oct. 2, 2026 fairness hearing.
LendSpark is capped at 4.99% beneficial ownership and daily resales of 20% of trading volume; Sky Quarry must reserve at least 500,000 shares initially.
About 8,770,000 shares of Common Stock were outstanding as of Sept. 15, 2026; the settlement also resolves a related California action.

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