Quantum Materials Corp. (fka QTMM)

[Jamis1]

I see two items in agreement that may be the obligation specified:

Section 2.2 Updates. The Licensee will provide the Licensor with a written report of progress in development of the Manufacturing process and Commercialization of the Licensed Products and the Licensee’s and its Affiliates’ activities in that regard. Within 45 days after the signing of this agreement a development committee comprising one representative from each company will be formed and quarterly reports will be provided to all stake holders.

I would think this would be an easy one to complete, but who knows.

From Schedule A of Milestones:

Within 60 days of execution of this agreement licensee will provide proof of funding in the amount of Twenty million U.S. dollars ($20,000,000.00) for this project.

Maybe Amtronics hasn't received or deposited the $20 million into the project yet? Since the $1 million was initially delayed from AMTRON, maybe the $20 million is also now delayed in processing since $500,000 of the first $1 million paid by AMTRON went to the project fund to get the $20 million released.

https://www.sec.gov/Archives/edgar/data/1403570/000149315219002055/ex10-1.htm