Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 279

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 279
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 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.

In
addition, Prestige’s purchase from Quest shall be at a discount. The discount shall be based on the number of days an account is
outstanding. The discount fee shall be as follows: If paid within 30 days a discount fee of 1.50% plus an additional .50% for each 10-day
period thereafter up to a maximum of 90 days.

    F-17

NOTE
11 – RELATED PARTY NOTES PAYABLE

Note
Payable – Marin 

In
December 2017, we entered into a $660 thousand, 1.89% annual interest rate note payable (the “Marin Note”) with two individuals
from whom we previously acquired their company (in 2014). The Marin Note was payable in 60 monthly principal payments of $20 thousand
beginning in October 2018. Accrued interest payable as of December 31, 2024 and 2023, was $73 thousand and $73, respectively. Accrued
interest was payable at maturity. This loan was settled in 2023.

Note
Payable – Thomet

In
December 2017, we entered into a $750 thousand, zero percent annual interest rate note payable (the “Thomet Note”) with an
individual from whom we previously acquired a company from which he was one of the owners (in 2014). The Thomet Note was payable in 60
monthly principal payments of $13 thousand beginning in October 2018 through
October 2023. This loan was settled during 2023.

NOTE
12 – OTHER NOTES PAYABLE

Other
notes payable consists of the following as of December 31,

 SCHEDULE OF OTHER NOTES PAYABLE

    In thousands
     
    2024
      
    2023 

    Notes Payable - other
     
    $
    8,746
      
    $10,461 

    Less current portion

    (8,512
    ) 
     (10,196)

    Long Term Notes Payable
     
    $
    234
      
    $265 

Future
maturities of notes