QS Energy issues $270,600 in convertible notes, $246K net proceeds

QS Energy, Inc.

Issued $270,600 principal of Convertible Promissory Notes to accredited and non-US investors from Oct 20 to Dec 9, 2021.
Net proceeds of $246,000; notes convertible at $0.03 per share; warrants exercisable at $0.04 for 9,019,994 shares.
Notes mature in 12 months, issued at 110% of commitment; if unpaid at maturity, balance increases 10% and bears 10% interest.
Proceeds used for general corporate purposes and working capital; securities unregistered, sold under Section 4(a)(2) and Reg S.

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