Quantum Materials Corp. (fka QTMM)

[TedJ]

"Quote 3 it sure looks like shipment of these two units , installing of the two units, and certifying of the two units were all part of quote 1"

No, $1 million Upfront Fee plus another $1 million for purchase of 2 reactors.

ARTICLE IV
FINANCIAL TERMS
Section 4.1 Upfront Fee. The Licensee shall pay the Licensor an upfront payment of $500,000.00 within [30] business days after the Effective Date and an additional $500,000.00 within 60 days after the effective date .

Section 4.2 Purchase of Equipment.
(a) Reactors. The Licensee shall purchase two (2) production reactors used for the production of Licensed Products for an aggregate purchase price of $[**Confidential Treatment Requested], payable as follows:

(i) $[**Confidential Treatment Requested] shall be payable within 60 business days after the Effective Date;
(ii) $[**Confidential Treatment Requested] shall be payable immediately upon delivery to the licensees designated freight forwarder; and
(iii) $[**Confidential Treatment Requested] shall be payable when the reactors are received, setup and operational, as determined by the Licensor.