Company: OMQS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024877
Chunk: 64

Company: OMNIQ Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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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 June 30, 2025, the balance owed is $1,886,466NIS (approx. $528,211 USD).

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 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 June 30, 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,