The OQAL Note Template is a bilingual legal document outlining the terms for issuing a Shari'ah-compliant simple security (OQAL Note) between a company and an investor. It details the rights and obligations of both parties, including the purchase price, issuance date, and terms related to equity financing, conversion, and maturity. The document also defines key terms such as "Corporate Transaction" and "Next Equity Financing," and includes provisions for representations, warranties, and investor rights. It is designed for use in equity financing agreements, ensuring compliance with Saudi law and Islamic finance principles.