Quantum Materials Corp. (fka QTMM)

[Jamis1]

Lol!

How about we read the sentences and allow the periods to end a thought.

On or about December 23rd 2018 the co-licensee, Assam Electronics Development Corporation LTD (an Indian government enterprise), paid the first investment of $1M USD into the overall project fund. Amtronics (co-licensee) in turn transferred a $500K USD commitment fee to the group that has secured the $20M investment funding.

Sentence 1 is quite clear.

In terms of direct funding to QMC, on December 29, 2018 we received a letter from the managing director of the Assam Electronics Development Corporation LTD., confirming that the requisite $1M USD upfront license fee would be paid to QMC on or before January 31, 2019.

Sentence 2 is quite clear.

Additionally, the licensee is required to place an order for two micro reactors and make an 80% deposit against same on or before mid-February 2019.

Sentence 3 states that they expect 80% deposit on the two micro reactor order. This could be interpreted several ways: 80% of total reactor milestones in agreement (Section 4.2.a. i-iii) or 80% of first milestone of the reactor milestones (Section 4.2.a.i).

We anticipate the company can generate $7M to $10M in gross revenues from these activities.

Sentence 4 is clear to me that they anticipate to make $7-10M from milestones in the agreement in 2019.

Finally, there's your interpretation which is tying sentences 3 and 4 together.