Quantum Materials Corp. (fka QTMM)

[TedJ]

" QTMM Needs Money To get the reactors built"

Yes, that is true and QMC is suppose to get the needed cash when the reactors are ordered.

Within no later than 120 days of execution of this agreement licensee will place purchase orders and pay deposits on the purchase of the initial lab equipment to include but not be limited to the Schlenk lines, Micro reactors and support equipment. [License Agreement Milestone]

During the term of the agreement, Amtronics will purchase equipment necessary for the production of the licensed products in an aggregate amount of $3,250,000, subject to payment terms related to delivery and setup. [10-Q 2Q]

My guess at the amount of the deposit to be paid.

Aggregate amount of $3,250,000. Assume $2,000,000 for 2 reactors. Assume $1,250,000 for Schlenk Line equipment and Inline equipment. $2,000,000 x 80% + $1,250,000 x 50% = $2,225,000 total deposit due when order placed.