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QS Energy, Inc. – ‘10-K’ for 12/31/18 – ‘EX-10.16’

On:  Monday, 4/1/19, at 7:25am ET   ·   For:  12/31/18   ·   Accession #:  1683168-19-862   ·   File #:  0-29185

Previous ‘10-K’:  ‘10-K’ on 4/2/18 for 12/31/17   ·   Next:  ‘10-K’ on 3/30/20 for 12/31/19   ·   Latest:  ‘10-K’ on 4/9/24 for 12/31/23   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/19  QS Energy, Inc.                   10-K       12/31/18   57:3M                                     GlobalOne Filings Inc/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    517K 
 2: EX-10.15    Securities Purchase Agreement                       HTML    101K 
 3: EX-10.16    2nd Amendment to the Employment Agreement           HTML     20K 
 4: EX-10.17    First Amendment to the Employment Agreement         HTML     19K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     20K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     20K 
 7: EX-32       Certification -- §906 - SOA'02                      HTML     17K 
14: R1          Document and Entity Information                     HTML     50K 
15: R2          Consolidated Balance Sheets                         HTML     71K 
16: R3          Consolidated Balance Sheets (Parenthetical)         HTML     32K 
17: R4          Consolidated Statements of Operations               HTML     41K 
18: R5          Consolidated Statements of Stockholders' Deficit    HTML     61K 
19: R6          Consolidated Statements of Cash Flows               HTML     90K 
20: R7          1. Description of Business                          HTML     28K 
21: R8          2. Summary of Significant Accounting Policies       HTML     40K 
22: R9          3. Accrued Expenses - Related Parties               HTML     20K 
23: R10         4. Property and Equipment                           HTML     24K 
24: R11         5. Convertible Notes and Warrants                   HTML     29K 
25: R12         6. Research and Development                         HTML     29K 
26: R13         7. Common Stock Transactions                        HTML     27K 
27: R14         8. Stock Options and Warrants                       HTML     66K 
28: R15         9. Commitments and Contingencies                    HTML     31K 
29: R16         10. Income Taxes                                    HTML     32K 
30: R17         11. Subsequent Events                               HTML     32K 
31: R18         2. Summary of Significant Accounting Policies       HTML     76K 
                (Policies)                                                       
32: R19         4. Property and Equipment (Tables)                  HTML     23K 
33: R20         5. Convertible Notes and Warrants (Tables)          HTML     22K 
34: R21         8. Stock Options and Warrants (Tables)              HTML     63K 
35: R22         9. Commitments and Contingencies (Tables)           HTML     26K 
36: R23         10. Income Taxes (Tables)                           HTML     28K 
37: R24         2. Summary of Significant Accounting Policies       HTML     46K 
                (Details Narrative)                                              
38: R25         3. Accrued Expenses - Related Parties (Details      HTML     21K 
                Narrative)                                                       
39: R26         4. Property and Equipment (Details)                 HTML     32K 
40: R27         4. Property and Equipment (Details Narrative)       HTML     19K 
41: R28         5. Convertible Notes (Details)                      HTML     31K 
42: R29         5. Convertible Notes (Details Narrative)            HTML     55K 
43: R30         6. Research and Development (Details Narrative)     HTML     41K 
44: R31         7. Common Stock (Details Narrative)                 HTML     55K 
45: R32         8. Stock Options and Warrants (Details-Options      HTML     38K 
                Outstanding)                                                     
46: R33         8. Stock Options and Warrants (Details-Options by   HTML     52K 
                Exercise Price Per Share)                                        
47: R34         8. Stock Options and Warrants (Details -            HTML     39K 
                Assumptions)                                                     
48: R35         8. Stock Options and Warrants (Details-Warrants     HTML     38K 
                Outstanding)                                                     
49: R36         8. Stock Options and Warrants (Details-Warrant      HTML     47K 
                Exercise Price per Share)                                        
50: R37         8. Stock options and Warrants (Details Narrative)   HTML     49K 
51: R38         9. Commitments and Contingencies (Details -         HTML     33K 
                Commitments)                                                     
52: R39         10. Income Taxes (Details - Income tax              HTML     30K 
                reconciliation                                                   
53: R40         10. Income Taxes (Details - Deferred taxes)         HTML     34K 
54: R41         10. Income Taxes (Details Narrative)                HTML     21K 
56: XML         IDEA XML File -- Filing Summary                      XML     93K 
55: EXCEL       IDEA Workbook of Financial Reports                  XLSX     56K 
 8: EX-101.INS  XBRL Instance -- qsep-20181231                       XML    635K 
10: EX-101.CAL  XBRL Calculations -- qsep-20181231_cal               XML    103K 
11: EX-101.DEF  XBRL Definitions -- qsep-20181231_def                XML    303K 
12: EX-101.LAB  XBRL Labels -- qsep-20181231_lab                     XML    554K 
13: EX-101.PRE  XBRL Presentations -- qsep-20181231_pre              XML    462K 
 9: EX-101.SCH  XBRL Schema -- qsep-20181231                         XSD     87K 
57: ZIP         XBRL Zipped Folder -- 0001683168-19-000862-xbrl      Zip     72K 


‘EX-10.16’   —   2nd Amendment to the Employment Agreement


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 10.16

 

2ND AMENDMENT TO THE EMPLOYMENT AGREEMENT

 

This Second Amendment to the Employment Agreement (the “2nd Amendment”) is entered into by and between QS Energy, Inc. a Nevada corporation (“Employer”) and Jason Lane (“Employee”) (collectively, the “Parties”), effective as of April 1, 2019 (the “Effective Date”).

 

RECITALS

 

A.Effective as of April 1, 2017, the Employer and Employee entered into an Employment Agreement, as amended by mutual agreement of the parties on November 12, 2017 (the “Employment Agreement”);

 

B.It is now the desire of Employer and Employee to further amend the Employment Agreement.

 

NOW, THEREFORE, in consideration of the promises and the mutual covenants hereinafter set forth, the Parties agree as follows:

 

I.Section 3 of the Employment Agreement is hereby amended and restated as follows:

 

Term of Employment. Subject to earlier termination as provided in the Employment Agreement or as may be mutually agreed upon by the Parties, Employee hereby agrees to continue to be employed by Employer until July 1, 2019 (“Term”) beginning on the Effective Date of this Agreement, and Employer hereby agrees to employ Employee during such Term.

 

II.                 If there are any inconsistencies between the Employment Agreement and this 2nd Amendment, the terms and conditions of this 2nd Amendment shall control.

 

III.               Except for the changes set forth in this 2nd Amendment, all terms and conditions in the Employment Agreement shall remain unchanged and in full force and effect.

 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

 

  “EMPLOYER”
   
  QS ENERGY, INC.
   
Date:  
By: /s/ Michael McMullen
  Michael McMullen, CFO
 

 

 

  “EMPLOYEE”
   
   
Date: /s/ Jason Lane
  Jason Lane

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
7/1/19
Filed on:4/1/19
For Period end:12/31/18
11/12/17
4/1/173,  4
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/09/24  QS Energy, Inc.                   10-K       12/31/23   59:4.3M                                   GlobalOne Filings Inc/FA
 3/30/23  QS Energy, Inc.                   10-K       12/31/22   59:4.4M                                   GlobalOne Filings Inc/FA
 3/31/22  QS Energy, Inc.                   10-K       12/31/21   60:4.3M                                   GlobalOne Filings Inc/FA
 7/22/21  QS Energy, Inc.                   10-K       12/31/20   56:2.9M                                   GlobalOne Filings Inc/FA
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Filing Submission 0001683168-19-000862   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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