Quantum Materials Corp. (fka QTMM)

[TedJ]

"I don't believe anyone knows what his salary is."

From the last 10-K

In July 2020, the Company entered into an amendment to Mr. Squires’ employment agreement pursuant to which:

? the term of the agreement expires on June 30, 2023.

? commencing July 1, 2020, Mr. Squires shall receive annual compensation at the rate of $350,000.

? the Company granted to Mr. Squires five-year options to purchase 25,000,000 shares of common stock, exercisable at $0.02 per share, with one-half vesting on July 1, 2020 and one-half vesting on July 1, 2021, which were granted outside of any stock option plan and shall contain cashless exercise provisions.

? The Company granted to Mr. Squires an additional 20,000,000 five-year options excisable at $0.02 per share with vesting to occur only in the event that the outstanding shares of the Company’s common stock reaches a market cap of at least $100 million for at least five consecutive trading days or control (more than 50%) of the Company is sold during the term of the options which were granted outside of any stock option plan and shall contain cashless exercise provisions.