QSEP · QS Energy, Inc.

Warrants issued and expiration date extended in connection with Reporting Person's acquisition of Issuer's Convertible Promissory Note.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

Stock options issued to Reporting Person in connection with Reporting Person's Employment Agreement executed on February 19, 2025.

These stock options were granted to Reporting Person as equity compensation for his services as a Director under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director and Chairman of the Audit Committee under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options were granted to Reporting Person as equity compensation for his services as a Director under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

Stock options issued to Reporting Person in connection with Reporting Person's Employment Agreement executed on February 19, 2025.

These stock options were granted to Reporting Person as equity compensation for his services as a Director under Issuer's Board Compensation Policy, approved by the Board on 6/19/2015, and thereafter amended. However, the Board Compensation Policy as amended was suspended effective April 15, 2021 for the calendar year 2021, and for every year thereafter through February 13, 2025 ("Suspension Period"). Effective as-of February 14, 2025 by Board resolution, the Board Compensation Policy, as amended, was reinstated and each individual serving on the Company's Board during the Suspension Period received compensation for that period pursuant to the Board Compensation Policy as amended. These stock options were issued for the Suspension Period.

These stock options for the calendar year 2025 vest at the rate of 1/12 per month, effective 1/1/2025, with full vesting on 12/31/2025. The transaction date was 02/14/2025 with an effective date of 01/01/2025.

These stock options for the calendar year 2025 vest at the rate of 1/12 per month, effective 1/1/2025, with full vesting on 12/31/2025. The transaction date was 02/14/2025 with an effective date of 01/01/2025.

These stock options for the calendar year 2025 vest at the rate of 1/12 per month, effective 1/1/2025, with full vesting on 12/31/2025. The transaction date was 02/14/2025 with an effective date of 01/01/2025.

Issued in connection with Reporting Person's conversion of Issuer's Convertible Promissory Note acquired by Reporting Person in the principal amount of $11,000 for a purchase price of $10,000.

Reporting Person acquired Issuer's Convertible Note in the principal amount of $16,500, for a purchase price of $15,000, convertible into 330,000 shares of common stock of Issuer.

Not Applicable.

Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.

Reporting Person is exercising stock options granted on 01/01/2019. These stock options were granted to Reporting Person as equity compensation under Issuer's Board Compensation Policy, approved by the Board on 06/19/2015. The options fully vested on 12/31/2019.

Reporting Person acquired Issuer's Convertible Note in the principal amount of $128,700, for a purchase price of $117,000, convertible into 6,435,000 shares of common stock of Issuer.

Not Applicable.

Issued in connection with Reporting Person's conversion of Issuer's Convertible Promissory Note acquired by Reporting Person in the principal amount of $128,700 for the purchase price of $117,000.

Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.

Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.

Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.

Reporting Person acquired Issuer's Convertible Note in the principal amount of $11,000, for a purchase price of $10,000, convertible into 314,285 shares of common stock of Issuer.

Not Applicable.

Reporting Person acquired Issuer's Convertible Note in the principal amount of $7,260, for a purchase price of $6,600, convertible into 207,428 shares of common stock of Issuer.

Not applicable.

Reporting Person acquired Issuer's Convertible Note in the principal amount of $33,000, for a purchase price of $30,000, convertible into 972,857 shares of common stock of Issuer.

Not applicable.

Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.

Reporting Person acquired Issuer's Warrants as part of Reporting Person's purchase of Issuer's Convertible Note reported above.

Reporting Person acquired Issuer's Convertible Note in the principal amount of $11,000, for a purchase price of $10,000, convertible into 314,285 shares of common stock of Issuer.

N/A