Quantum Materials Corp. (fka QTMM)

[drugmanrx]

Glad to see you agree with me.

QTTM will receive recurring revenue whether or not the solar cell performance is improved.

MILESTONES – Licensor

a) Licensor is obligated to continual to improve and optimize their patented quantum dot solar cell technology and to achieve a peak solar cell conversion efficiency of 15% on or before the 18th month following execution of this agreement. If licensor does not achieve this target performance within this time frame the licensee will deduct and accrue 10% from the total amount of royalties owing until such time the target performance is achieved. Once the target is achieved the accrued royalties will be paid to licensor.

Doesn't say QTMM will receive zero royalties, does it?

They receive 90% of the agreed royalties UNTIL such time target is achieved.

Sure reads to me like they are going to be paid something with or with out any advancements to the solar panel.


PLUS the solar panels is only one part of the total agreement to develop quantum dot technology.

Then add in the recurring revenue "(a) Training. For a period of 36 following the Effective Date, the Licensor shall provide training to the Licensee’s employees and contractors (b) consulting of Facility Design and 5 years of other consulting