0001683168-21-003080 Sample Contracts

QS ENERGY, INC. TERM SHEET
Note Purchase Agreement • July 23rd, 2021 • QS Energy, Inc. • Oil & gas field machinery & equipment • California

INTEREST Implied annual interest rate of 10%, inasmuch as the Note will be issued and paid in an amount equal to 110% of the invested amount. If each Note is not paid in full on the Maturity Date, the unpaid balance will be increased by 10% and the new balance will bear interest at 10% per annum.

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