Quantum Materials Corp. (fka QTMM)

[TedJ]

QMC has at least $13.9 million in debt and Pasaca holds at least $7.25 million of that debt with Secured Notes.

That's why Pasaca is still hanging around.

The Company also has outstanding convertible debt securities in the principal amount (plus accrued interest as of June 30,
2021 our fiscal year-end) of $13,890,648, which are currently convertible into an aggregate of 407,426,390 shares of Common Stock
and other potential commitments to issue up to 51,335,063 shares upon exercise of warrants primarily related to issuance of
convertible debt securities. These outstanding convertible debt securities include $7,250,000 in principle attributable to Pasaca
Capital and $2,000,000 in principle attributable to QMVT Partners with the balance held by 42 other individual convertible securtities
holders. The foregoing includes options, warrants and convertible debt securities to purchase shares which are not currently reserved.