Quantum Materials Corp. (fka QTMM)

[TedJ]

"With out having a solar panel, QTMM will have recurring revenue from the quantum dots used in further testing of other products using quantum dots.

True or False?"

False, QMC will only get a royalty from Amtronics (the licensee) when Amtronics sells product. If Amtronics makes QDs for use in developing other products, then there is no royalty until the product is fully developed and the actual product sold to a third party.

The royalty is based on Gross Sales.

“Gross Sales” means the gross amount invoiced by the Licensee, or its Affiliates, licensees or sublicensees for the sale of a Licensed Product

Licensed products are QDs, QDSC and QD LEDs.

If Amtronics makes products, there is no royalty until they are actually sold.

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