Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 28

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 28
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, the Company entered into a
long-term loan from Hapoalim Bank totaling NIS 3 million, approximately US $0.9 million. The note accrues interest at 7.28%
per annum (Israeli Prime Rate plus 1.28%) and is payable in 36 installments of principal and interest over 3 years.
The balance at March 31, 2025 was approximately $0.14 million.

During the year ended December 31, 2023, the Company
entered into a short-term loan Hapoalim Bank totaling NIS 2.5 million, approximately US $0.67 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 18 installments, bearing interest at a rate of Prime + 1.5%. At December 31, 2024, the Company owed Hapoalim Bank USD
$1.39 million. At March 31, 2025, the balance was approximately $1.5 million.

    F-8

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. At March 31,