Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 557

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 557
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.9 million.
The note accrues interest at 7.28% per annum (Israeli Prime Rate plus 1.28%) and is payable in 36 instalments of principal and interest
over 3 years.

During
the year ended December 31, 2023, the Company entered into a short-term loan Hapoalim Bank totaling NIS 5.5
million, approximately US $1.5
million. The note accrues interest at 7.3%
per annum. The loan is renewed every month at Israeli Prime Rate plus + 1.3%,
which at December 31, 2024 was 7.3%.
In February 2024, NIS 1.5
million of the loan was converted into a short-term loan to be repaid in 12
installments, bearing interest at Prime + 1.5%.
In July 2024, an additional 1.5
million was converted into a long-term loan to be repaid in 20
installments, bearing interest at a rate of Prime + 1.5%. At December 31, 2024, the Company owed Hapoalim Bank USD $1.39 million.

During
the year ended December 31, 2023, the Company entered into a short-term loan from Bank Leumi totaling NIS 21.5
million, approximately US $5.9
million. The note accrues interest at 7.6%
per annum. The loan is renewed every month at Israeli Prime Rate plus 1.89,
which at December 31, 2024 was 7.89%.
In March 2024, NIS 7.5
million of the loan was converted into a long-term loan to be repaid in 36
installments, bearing interest at a rate of Prime + 3.25%,
which at December 31, 2024 was 9.25%. At December 31, 2024, the Company owed Bank Leumi USD $5.4 million.

    F-18

On
September 21, 2023, the Company entered into a long-term loan from Tzameret Mimunim totaling 1.5M
NIS, approximately US $393
thousand. The note accrues interest at the Israeli Prime Rate plus 3.5%
which currently equals 9.5%
per annum and is payable in 36
monthly