Company: OMQS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023481
Chunk: 3

Company: OMNIQ Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 3
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 entered into a Purchase and
Sale Agreement with Prestige Capital Finance, LLC (“Prestige”), in which Quest has sold, transferred and assigned all of
its rights, title, and interest to specific accounts receivable owed to Quest. The maximum outstanding balance of Quest to Prestige shall
be $7.5 million. The discount fee starts at 1.5% and increases based on the age of the outstanding receivables. This agreement was concluded concurrent with the sale of the assets of the
Quest division at June 30, 2025.

    F-7

NOTE
7 – OTHER NOTES PAYABLE

 SCHEDULE OF OTHER NOTES PAYABLE 

    (In thousands) 
    September 30, 2025  
    December
31, 2024 
  
    Note payable other 
     6,461  
     8,746 
  
    Related party note payable 
     10,000  
     - 
  
    Total 
     16,461  
     8,746 
  
    Less current portion 
     (6,461) 
     (8,512)
  
    Long-term notes payable 
    $10,000  
    $234 

Notes
Payable Other

On
July 29, 2021, the Company entered into a long-term loan from Leumi Bank totaling NIS 7 million, which at the time was approximately
$2.16 million. The note accrues interest at the Israeli Prime Rate plus 4.5% which currently equals 8.25% per annum and is payable in
8 instalments of principal and interest over 4 years. The note is secured by shares of Dangot Computers, Ltd At December 31, 2024, the
balance owed is $1,815,840 and at September 30, 2025, the balance owed is $1.8 million NIS (approx. $500,000USD).

On
August 11, 2021, the Company purchased vehicles using cash and financing of NIS 500 thousand, approximately $155 thousand, to be paid
off in monthly interest and principal payments over 5 years. The loan accrues interest at 7.5% per annum and is secured by the vehicles.
This was completed in January 2025.

On
September 13, 2022, the Company entered into a long-term loan from Hapoalim Bank totaling N