Quality Industrial Corp. enters forbearance on $1.587M notes; to pay $1.675M by Jan 2028

Quality Industrial Corp.

Forbearance agreement with RB Capital Partners covers two convertible notes totaling $1.587M outstanding as of June 30, 2026.
Company to pay $1.675M in 19 monthly installments from July 30, 2026 to Jan 15, 2028; $30K discount for timely payments.
Notes bear 7% interest, matured; forbearance period until March 1, 2028; conversion right at $1.00/share reserved.
Default triggers include missed payments, bankruptcy, etc.; upon default, full unpaid amount due with 5% interest.
Mutual releases; Holder's release effective upon full payment; no novation.

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