Quality Industrial sets USD 1.68 million installment repayment plan with RB Capital Partners for past-due notes
QIND•Forbearance agreement and repayment terms
Quality Industrial entered a forbearance agreement with RB Capital Partners covering two matured Convertible Promissory Notes totaling USD 1.3 million in original principal.
- The company set USD 1.68 million in repayment across 19 monthly installments starting July 30, 2026 and ending Jan. 15, 2028.
- The repayment amount includes all accrued interest through the schedule.
- No additional interest accrues if there is no default.
- A USD 30,000 discount reduces the final installment to USD 145,000 if the first 18 payments are timely.
- The company may prepay any amount at any time without penalty.
- The forbearance runs until March 1, 2028, unless ended earlier by default or agreement.
