Ex-10.58
Term Sheet for Private Placement by and between the Company and Peter Lamm

                                  EXHIBIT 10.58


                               TELEGEN CORPORATION
                            a California corporation

                                   TERM SHEET

                                Private Placement
                                    $ 125,000

                                  250,000 Units


                                January 25, 2002

         The following term sheet ("Term Sheet") sets forth certain  information
concerning  Telegen  Corporation,  a  California  corporation  (the  "Company"),
including,  but not  limited  to,  the  terms  of  this  private  offering  (the
"Offering")  to accredited  investors  only pursuant to Regulation D promulgated
under the Securities Act of 1933, as amended (the "Securities Act"):

         THE SECURITIES OFFERED PURSUANT TO THE SUBSCRIPTION  AGREEMENT,  A COPY
OF WHICH IS ATTACHED AS EXHIBIT A HERETO (THE "SUBSCRIPTION AGREEMENT") HAVE NOT
BEEN REGISTERED WITH OR APPROVED OR DISAPPROVED BY THE UNITED STATES  SECURITIES
AND EXCHANGE COMMISSION, NOR HAS SUCH COMMISSION OR ANY STATE SECURITIES BUREAU,
COMMISSION OR OTHER  REGULATORY  AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF
THIS  OFFERING OR THE  ACCURACY OR ADEQUACY OF THIS TERM SHEET AND THE  EXHIBITS
ATTACHED HERETO. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THESE
ARE  SPECULATIVE  SECURITIES  AND SHOULD NOT BE  PURCHASED  BY ANYONE WHO CANNOT
AFFORD A TOTAL LOSS OF HIS INVESTMENT.

         IN  MAKING  AN  INVESTMENT  DECISION  INVESTORS  MUST RELY ON THEIR OWN
EXAMINATION  OF THE COMPANY AND THE TERMS OF THE OFFERING,  INCLUDING THE MERITS
AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR
STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY.  FURTHERMORE, THE FOREGOING
AUTHORITIES  HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED  THE ADEQUACY OF THIS
TERM SHEET AND THE EXHIBITS ATTACHED HERETO.  ANY REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.

         THESE  SECURITIES ARE SUBJECT TO  RESTRICTIONS ON  TRANSFERABILITY  AND
RESALE  AND MAY NOT BE  TRANSFERRED  OR  RESOLD  EXCEPT AS  PERMITTED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED,  AND THE APPLICABLE  STATE  SECURITIES LAWS,
PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.  INVESTORS SHOULD BE AWARE THAT
THEY WILL BE  REQUIRED TO BEAR THE  FINANCIAL  RISKS OF THIS  INVESTMENT  FOR AN
INDEFINITE PERIOD OF TIME.




                                       1
<PAGE>
<TABLE>

<S>                      <C>
ISSUER                   Telegen Corporation

                         Telegen  Corporation  ("Telegen") is a publicly  traded high
                         technology company  headquartered in San Mateo,  California.
                         Telegen's  Common  Stock is quoted  on the  Over-the-Counter
                         Bulletin Board ("OTCBB") under the symbol TEGN.  Telegen has
                         two active operating subsidiaries:

                         o    Telegen  Display  Corporation  ("TDC"),  a wholly-owned
                              subsidiary,  is developing Telegen's patented High Gain
                              Emissive Display (HGED) flat panel display  technology;
                              and

                         o    Telisar  Corporation   ("Telisar"),   a  majority-owned
                              subsidiary,  is  developing a patent  pending  wireless

DISCLOSURE MATERIALS     Telegen  is  subject to the  reporting  requirements  of the
                         Securities  Exchange Act of 1934, as amended (the  "Exchange
                         Act") and in  accordance  therewith  files,  reports,  proxy
                         statements  and other  information  with the  Securities and
                         Exchange  Commission.  As of the  date of this  Term  Sheet,
                         Telegen   is   current   in  its   reporting   requirements.
                         Prospective  investors to this Offering  wishing  additional
                         information  regarding  the Company  are urged to  carefully
                         read  the  reports  and  other  information  filed  with the
                         Commission  (the  "Disclosure  Documents").  The  Disclosure
                         Documents  may be  inspected  without  charge at the  public
                         reference  facilities  maintained by the  Commission at Room
                         1024, Judiciary Plaza, 450 Fifth Street,  N.W.,  Washington,
                         D.C.  20549  and  the  regional  offices  of the  Commission
                         located  at 233  Broadway,  New  York,  New York  10279  and
                         CitiCorp  Center,  500  West  Madison  Street,  Suite  1400,
                         Chicago,  Illinois  60661.  Copies of such  materials may be
                         obtained   from  the   Public   Reference   Section  of  the
                         Commission,  Room 1024,  Judiciary  Plaza, 450 Fifth Street,
                         N.W.,  Washington,  D.C.  20549  and  its  public  reference
                         facilities in New York and Chicago at prescribed  rates. The
                         Disclosure Documents may also be located on the Commission's
                         website at www.sec.gov.  In addition,  the Company will make
                         available  officers  or  employees  to answer  questions  of
                         prospective  investors and provide them with any  additional
                         documents or information they may reasonably require.


SECURITIES OFFERED       The  Company is hereby  offering  250,000  Units,  each Unit
                         consisting  of one share of common  stock and one warrant to
                         purchase  one  share of  common  stock at a price of  $1.00,
                         exercisable  until  January 25, 2005, at a price of $.50 per
                         Unit.
</TABLE>

                                       2
<PAGE>
<TABLE>

<S>                      <C>
USE OF PROCEEDS          The  net  proceeds  of  this  Offering  will  be used by the
                         Company for working capital purposes.


OFFERING PERIOD          This Offering will  terminate on the earlier to occur of (i)
                         acceptance by the Company of  subscriptions  for all 250,000
                         Units offered  hereunder,  and receipt of the total Offering
                         price of  $125,000  or (ii)  February  1,  2002,  unless the
                         offering  period is extended,  at the sole discretion of the
                         Company, to a date no later than March 1, 2002.


REGISTRATION RIGHTS      At the request of the  subscriber,  the Company will include
                         in any registration  statement filed with the Securities and
                         Exchange  Commission (except on form S-8) the shares forming
                         a part of the Units and the shares issuable upon exercise of
                         the  warrants of the Units.  The Company will provide to the
                         subscriber  written notice of any proposed  registration  at
                         least 30 days before such registration is filed.
</TABLE>

         All checks should be made payable to "Telegen Corporation".  There will
not be any  escrow  for the  proceeds  of this  Offering  and  proceeds  will be
available to the Company  immediately  upon receipt  irrespective  of the amount
raised in the Offering.

         Subscribers for the Units should complete and deliver the  Subscription
Agreement  attached as Exhibit A to the Term Sheet and  deliver  payment for the
Units to the Company in the manner prescribed in the Subscription Agreement.

         In the event there shall be any inconsistencies between this Term Sheet
and the Subscription  Agreement,  the terms of the Subscription  Agreement shall
govern.

Received by:


 /s/ PETER W LAMM
-----------------
Signature

   Peter Lamm
-----------------
Print Name

   1/18/02
-----------------
Date


                                       3