Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 429

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 429
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instruments, including the rights thereto, in addition a general floating charge on the company’s assets and property, share capital,
goodwill, insurance rights, and promissory notes to which the company has or will have rights.

B.
As security for credit received from a banking corporation, a first-ranking fixed charge without limitation was imposed on the unpaid
share capital, goodwill, and promissory notes that the company has delivered or will deliver to the bank as security, for collection,
or for safekeeping.

C.
As security for credit received from the credit company, the company signed a promissory note as discussed in Note 12 – Notes Payable.

D.
As of the balance sheet date, there are contingent liabilities for bank guarantees provided to customers as performance guarantees, amounting
to approximately NIS 1.9 million (approximately USD $475 thousand).

E.
As of the balance sheet date, there are liabilities for payments under documentary credit amounting to approximately NIS 328 thousand
(approximately USD $82 thousand).

LITIGATION

The
Company was named a defendant in a case involving a former employee who claims he is owed approximately $60 thousand in unpaid commissions.
This case was settled in February 2024.

On
November 3, 2024 a commercial real estate company filed a lawsuit against Dangot Computers, OmniQ Technologies and some of Dangot’s
officers alleging breach of a letter of intent for a lease arrangement. The claims were brought in an Israeli court. The initial claim
against Dangot Computers is NIS 21 million approximately US $5.6 million. The Company believes that it has meritorious
defenses to such action and intends to vigorously defend itself; however, at this stage it is too early to assess the chances of the lawsuit
with certainty.

    F-20

In
March 2025, the Company was named a defendant in a case involving a consultant who was terminated and who claims he is owed approximately
$389,000 in unpaid fees and commissions.  The Company believes it has multiple defense and cross claims against the former consultant
and is evaluating its response to the lawsuit, but plans to vigorously defend the suit.

The
company is not a party to any other pending material legal proceeding in which it is defending against any claims of material significance.
To the knowledge of management, no federal, state or local government agency is presently contemplating any proceeding against the Company.
To the knowledge of management, no