Quantum Materials Corp. (fka QTMM)

[quarrydawg]

Sorry, i thought CD was the common abbreviation for convertible debenture.

Okay, so i found what i had seen posted before on page 48 of the 10k

February 2014 Convertible Debenture
On February 6, 2014, the Company entered into a Securities Purchase Agreement, Debenture and Escrow Agreement to obtain
$400,000 in gross proceeds from two non-affiliated parties (collectively hereinafter referred to as the “Debenture Holders”). The
Debentures have a term of two years maturing on January 31, 2016 and bear interest at the rate of 8% per annum. The Debentures are
pre-payable by the Company at any time without penalty. The Debenture Holders have the right of conversion at a conversion price of
$0.04 per share at any date. The Debenture Holders received 5,000,000 common stock warrants exercisable at $0.06 per share through
December 31, 2016. The debt is secured by a security interest in certain microreactor equipment. Pursuant to the Securities Purchase
Agreement, the investor has certain preferential rights to fund a second microreactor at a cost of up to $650,000. Such rights were
exercised as described under the January 2015 Convertible Debenture below.