| [X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------------------------------------------------------------------------------------------------------------------|

| [   ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT |
|--------------------------------------------------------------------------------------------------------------------|

| Nevada                                         | 20-8195578                        | 20-8195578                        |
|------------------------------------------------|-----------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) | (IRS Employer Identification No.) |

|  Large Accelerated Filer [ ]                                                              | Accelerated Filer         [ ] |
|----------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------|
|  Accelerated Filer       [ ]       | Smaller Reporting Company [X]                                              |

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| PART 1 – FINANCIAL INFORMATION                                                                                                                                                   | Page   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                   |   |
| Item 1.  Financial Statements                                                                                                                                                | 3      |
|                                                                                                                                                                                   |   |
| Consolidated balance sheets as of  March 31, 2011 (unaudited) and June 30, 2010                                                                                              | 3      |
|                                                                                                                                                                                   |   |
| Consolidated statements of operations, for the three and nine months ended March 31, 2011 and 2010 and for the period from inception (May 19, 2008) through March 31, 2011 (unaudited) | 4      |
|                                                                                                                                                                                   |   |
| Consolidated statements of cash flows for the nine months ended March 31, 2011 and 2010 and for the period from inception (May 19, 2008) through March 31, 2011 (unaudited)            | 5      |
|                                                                                                                                                                              |   |
| Notes to consolidated financial statements (unaudited)                                                                                                                                 | 6      |
|                                                                                                                                                                                   |   |
| Item 2.  Management’s Plan of Operation.                                                                                                                               | 11     |
|                                                                                                                                                                                   |   |
| Item 3. Quantitative and Qualitative Disclosures and Market Risk                                                                                                                  | 17     |
|                                                                                                                                                                                   |   |
| Item 4.  Controls and Procedures                                                                                                                                             | 17     |
|                                                                                                                                                                                   |   |
| PART 2 – OTHER INFORMATION                                                                                                                                                       |   |
|                                                                                                                                                                                   |   |
| Item 1.  Legal Proceedings                                                                                                                                                   | 18     |
|                                                                                                                                                                                   |   |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                    | 18     |
|                                                                                                                                                                                   |   |
| Item 3.  Defaults upon Senior Securities                                                                                                                                     | 20     |
|                                                                                                                                                                                   |   |
| Item 4.  Removed and reserved.                                                                                                                                               | 20     |
|                                                                                                                                                                                   |   |
| Item 5.  Other Information                                                                                                                                                   | 20     |
|                                                                                                                                                                                   |   |
| Item 6.  Exhibits                                                                                                                                                            | 20     |
|                                                                                                                                                                                   |   |
| Signatures                                                                                                                                                                             | 22     |

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|                                                   |   |        |       |   |    |   |
|--------------------------------------------------------|--------|-------------|------------|--------|---------|--------|
|                                                   |   | March 31    |       |   | June 30 |   |
|                                                   |   | 2011        |       |   | 2010    |   |
|                                                   |   | (Unaudited) |       |   |    |   |
| ASSETS                                                 |   |        |       |   |    |   |
| Current                                                |   |        |       |   |    |   |
| Cash                                                   |   | $           | 3,678      |   |    | $      | 19 |   |
|                                                   |   |        |       |   |    |   |   |   |
|     Total current assets           |   |        | 3,678      |   |    |   | 19 |   |
|                                                   |   |        |       |   |    |   |   |   |
| Licenses                                               |   |        | 55,000     |   |    |   | 55,000 |   |
| Furniture and equipment, net of amortization           |   |        | 4,833      |   |    |   | 7,869 |   |
| Deferred financing cost, net                           |   |        | 62,417     |   |    |   | 141,167 |   |
|                                                   |   |        |       |   |    |   |   |   |
| Total other assets                                     |   |        | 122,250    |   |    |   | 204,036 |   |
|                                                   |   |        |       |   |    |   |   |   |
| Total assets                                           |   | $           | 125,928    |   |    | $      | 204,055 |   |
|                                                   |   |        |       |   |    |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                  |   |        |       |   |    |   |   |   |
| Current liabilities                                    |   |        |       |   |    |   |   |   |
| Accounts payable and accrued Liabilities               |   | $           | 865,686    |   |    | $      | 844,398 |   |
| Accrued liabilities - related party                    |   |        | 553,691    |   |    |   | 696,100 |   |
| Advances related party                                 |   |        | -          |   |    |   | 70,367 |   |
| Deferred revenue                                       |   |        | 899        |   |    |   | - |   |
| Fair value of embedded conversion feature              |   |        | 612,578    |   |    |   | 834,057 |   |
| Convertible debenture, net of discount                 |   |        | 705,949    |   |    |   | 322,083 |   |
|                                                   |   |        |       |   |    |   |   |   |
| Total current liabilities                              |   |        | 2,738,803  |   |    |   | 2,767,005 |   |
|                                                   |   |        |       |   |    |   |   |   |
|     Total liabilities              |   |        | 2,738,803  |   |    |   | 2,767,005 |   |
|                                                   |   |        |       |   |    |   |   |   |
| Commitments and Contingencies                          |   |        |       |   |    |   |   |   |
|                                                   |   |        |       |   |    |   |   |   |
| Stockholders' deficit                                  |   |        |       |   |    |   |   |   |
| Common stock, $0.001 par value,                        |   |        |       |   |    |   |   |   |
| Authorized, 200,000,000 shares                         |   |        |       |   |    |   |   |   |
| Issued and outstanding 98,736,835 and 83,868,430 as of |   |        |       |   |    |
| March 31, 2011 and June 30, 2010, respectively         |   |        | 98,738     |   |    |   | 83,868 |   |
| Additional paid-in capital                             |   |        | 6,247,918  |   |    |   | 3,638,491 |   |
| Deficit accumulated during the development stage       |   |        | (8,959,531 | )      |    |   | (6,285,309 | ) |
|                                                   |   |        |       |   |    |   |   |   |
| Total stockholders' deficit                            |   |        | (2,612,875 | )      |    |   | (2,562,950 | ) |
|                                                   |   |        |       |   |    |   |   |   |
| Total liabilities and stockholders' deficit            |   | $           | 125,928    |   |    | $      | 204,055 |   |
|                                                   |   |        |       |   |    |   |   |   |

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|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   | Inception |       |
|----------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|------------|-----------|--------|--------|------------|--------|--------|-----------|------------|
|                                               |   | Three months ended |       |   | Nine months ended |   |       | through   |   |
|                                               |   | March 31,          |       |   | March 31,         |   |       | March 31, |   |
|                                               |   | 2011               |       |   | 2010              |   |       | 2011      |   |   | 2010       |   |   | 2011      |       |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |
| Operating expenses:                                |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |
| General and administrative                         |   | $                  | 1,605,380  |   |              | $      | 1,140,352  |      |   | $      | 2,258,640  |   |   | $         | 2,581,958  |   |   | $ | 6,529,538 |   |
| Research and development                           |   |               | -          |   |              |   | -          |      |   |   | -          |   |   |      | 340,473    |   |   |   | 751,893 |   |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Total operating expenses                           |   |               | 1,605,380  |   |              |   | 1,140,352  |      |   |   | 2,258,640  |   |   |      | 2,922,431  |   |   |   | 7,281,431 |   |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Loss from operations                               |   |               | (1,605,380 | )      |              |   | (1,140,352 | )         |   |   | (2,258,640 | )      |   |      | (2,922,431 | ) |   |   | (7,281,431 | ) |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Other expenses (revenue):                          |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Amortization of convertible debenture discount     |   |               | 157,778    |   |              |   | 61,113     |      |   |   | 383,866    |   |   |      | 149,933    |   |   |   | 679,652 |   |
| Amortization of deferred finance cost              |   |               | 26,250     |   |              |   | 26,250     |      |   |   | 78,750     |   |   |      | 78,750     |   |   |   | 252,583 |   |
| Change in fair value of embeded conversion feature |   |               | (220,971   | )      |              |   | 120,139    |      |   |   | (221,479   | )      |   |      | 91,542     |   |   |   | 116,666 |   |
| Interest expense                                   |   |               | 84,266     |   |              |   | 38,551     |      |   |   | 134,568    |   |   |      | 165,841    |   |   |   | 409,409 |   |
| Warrant expense                                    |   |               | -          |   |              |   | -          |      |   |   | 39,877     |   |   |      | 179,913    |   |   |   | 219,790 |   |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Total other expenses                               |   |               | (47,323    | )      |              |   | (246,053   | )         |   |   | (415,582   | )      |   |      | (665,979   | ) |   |   | (1,678,100 | ) |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Net loss                                           |   | $                  | (1,652,703 | )      |              | $      | (1,386,405 | )         |   | $      | (2,674,222 | )      |   | $         | (3,588,410 | ) |   | $ | (8,959,531 | ) |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Basic and diluted loss per common share            |   | $                  | (0.02      | )      |              | $      | (0.02      | )         |   | $      | (0.03      | )      |   | $         | (0.05      | ) |   |   |   |   |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
| Weighted average number of common                  |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |
| shares outstanding                                 |   |               | 96,214,344 |   |              |   | 79,276,971 |      |   |   | 89,304,879 |   |   |      | 74,300,586 |   |   |   |   |   |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |
|                                               |   |               |       |   |              |   |       |      |   |   |       |   |   |      |       |   |   |   |   |   |

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|                                                |   |        |       |        |     |      |       |     |   |
|-----------------------------------------------------|--------|-------------|------------|-------------|----------|-----------|------------|----------|--------|
|                                                |   | Nine months |       | Nine months |     | Inception |       |
|                                                |   | ended       |       |        | ended    |      |       | through  |   |
|                                                |   | March 31    |       |        | March 31 |      |       | March 31 |   |
|                                                |   | 2011        |       |        | 2010     |      |       | 2011     |   |
|                                                |   |        |       |        |     |      |       |     |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                |   |
|                                                |   |        |       |        |     |      |       |     |   |
| Net loss                                            |   | $           | (2,674,222 | )           |     | $         | (3,588,410 | )        |   | $ | (8,959,531 | ) |
| Adjustments to reconcile net loss to net cash       |   |
| used in operating activities:                       |   |        |       |        |     |      |       |     |   |   |   |   |
| Stock issued for services                           |   |        | 1,428,855  |        |     |      | 1,936,181  |     |   |   | 3,468,372 |   |
| Stock issued for debenture interest                 |   |        | 399,409    |        |
| Depreciation of furniture and office equipment      |   |        | 3,036      |        |     |      | 3,616      |     |   |   | 10,706 |   |
| Amortization of convertible debenture discount      |   |        | 383,866    |        |     |      | 149,933    |     |   |   | 679,652 |   |
| Amortization of deferred finance cost               |   |        | 78,750     |        |     |      | 78,750     |     |   |   | 252,583 |   |
| Warrant expense                                     |   |        | 39,877     |        |     |      | 179,913    |     |   |   | 219,790 |   |
| Change in fair value of warrants and embeded        |
|    conversion feature                |   |        | (221,479   | )           |     |      | 91,542     |     |   |   | 116,666 |   |
| Net change in:                                      |   |        |       |        |     |      |       |     |   |   |   |   |
| Deferred revenue                                    |   |        | 899        |        |     |      | -          |     |   |   | 899 |   |
| Accounts payable and accrued liabilities            |   |        | 306,433    |        |     |      | 357,542    |     |   |   | 1,148,629 |   |
| Accrued liabilities - related party                 |   |        | 483,443    |        |     |      | 396,675    |     |   |   | 1,179,543 |   |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Cash flows provided (used) by operating activities  |   |        | (5,974     | )           |     |      | (198,417   | )        |   |   | (1,483,282 | ) |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                |   |
| Purchase of license                                 |   |        | -          |        |     |      | -          |     |   |   | (55,000 | ) |
| Proceeds from disposal of furniture and equipment   |   |        | 3,848      |        |     |      | 5,343      |     |
| Purchase of furniture & equipment               |   |        | -          |        |     |      | -          |     |   |   | (20,883 | ) |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Cash flows provided (used) in investing activities  |   |        | -          |        |     |      | 3,848      |     |   |   | (70,540 | ) |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                |   |
| Proceeds from issuance of common stock              |   |        | 80,000     |        |     |      | -          |     |   |   | 372,500 |   |
| Deposits received for purchase of common stock      |   |        | -          |        |
| Proceeds from related party advances                |   |        | -          |        |
| Proceeds from convertible debenture issued          |   |        | -          |        |     |      | -          |     |   |   | 1,500,000 |   |
| Payment of deferred finance cost                    |   |        | -          |        |     |      | -          |     |   |   | (315,000 | ) |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Cash flows from financing activities                |   |        | 9,633      |        |     |      | 203,126    |     |   |   | 1,557,500 |   |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                     |   |        | 3,659      |        |     |      | 8,557      |     |   |   | 3,678 |   |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Cash, beginning of the period                       |   |        | 19         |        |     |      | -          |     |   |   | - |   |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Cash, end of the period                             |   | $           | 3,678      |        |     | $         | 8,557      |     |   | $ | 3,678 |   |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Supplemental disclosure with respect to cash flows: |
| Cash paid for income taxes                          |   | $           | -          |        |     | $         | -          |     |   | $ | - |   |
| Cash paid for interest                              |   | $           | -          |        |     | $         | -          |     |   | $ | - |   |
| Non cash transaction                                |   |        |       |        |     |      |       |     |   |   |   |   |
| Issuance of common stock in connection              |   |
|     with recapitalization       |   | $           | -          |        |     | $         | -          |     |   | $ | 2,202 |   |
| Cumulative effect of change in accounting           |   |
|   principle on convertible notes          |   | $           | (49,541    | )           |     | $         | 495,912    |     |   | $ | (49,541 | ) |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |
|                                                |   |        |       |        |     |      |       |     |   |   |   |   |

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|                         |                       |    |   |    |   |   |    |   |    |   |   |   |
|------------------------------|----------------------------|---------|--------|---------|--------|--------|---------|--------|---------|--------|--------|--------|
|                         |                       |    |   |    |   |   |    |   |    |   |   |   |
|                         | As of March 31, 2011       |    |
|                         | Fair Value Measuring Using |    |   |    |   |   |    |   |
|                         | Carrying                   |    |   |    |   |   |    |   |    |   |   |   |
|                         | Value                      |    |   | Level 1 |   |   | Level 2 |   | Level 3 |   | Total  |   |
| Derivative Liabilities       | $                          | 612,578 |   |    |   | -      |    |   |    | -      |   | $      | 612,578 |   | $ | 612,578 |   |
|                         |                       |    |   |    |   |   |    |   |    |   |   |   |   |   |   |   |   |
| Total Derivative Liabilities | $                          | 612,578 |   |    |   | -      |    |   |    | -      |   | $      | 612,578 |   | $ | 612,578 |   |
|                         |                       |    |   |    |   |   |    |   |    |   |   |   |   |   |   |   |   |

|                                                             |          |    |   |   |   |
|------------------------------------------------------------------|---------------|---------|--------|--------|--------|
|                                                             |          |    |   |   |   |
|                                                             | Fair Value    |    |   |   |   |
|                                                             | Measurements  |    |   |   |   |
|                                                             | Using Level 3 |    |   |   |   |
|                                                             | Inputs        |    |   |   |   |
|                                                             | Derivative    |    |   |   |   |
|                                                             | Liabilities   |    | Totals |   |
| Beginning Balance as of July 1, 2009                             | $             | 495,912 |   |   | $      | 495,912 |   |
| Total Gains or Losses (realized/unrealized) Included in Net Loss |          | 116,666 |   |   |   | 116,666 |   |
| Purchases, issuances and Settlements                             |          | -       |   |   |   | - |   |
| Transfers in and/or out of Level 3                               |          | -       |   |   |   | - |   |
|                                                             |          |    |   |   |   |   |   |
| Ending Balance at March 31, 2011                                 | $             | 612,578 |   |   | $      | 612,578 |   |
|                                                             |          |    |   |   |   |   |   |

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| Fiscal     |   | Services   |    |   | Employment |   |    | License    |   |   |       |   |
|------------|--------|------------|---------|--------|------------|--------|---------|------------|--------|--------|------------|--------|
| Year       |   | agreements |    |   | agreements |   |    | agreements |   |   | Total      |   |
| 2011       |   | $          | 409,725 |   |       | $      | 109,000 |       |   | $      | 154,450    |   |   | $ | 673,175 |   |
| 2012       |   |       | -       |   |       |   | 306,000 |       |   |   | 648,250    |   |   |   | 954,250 |   |
| 2013       |   |       | -       |   |       |   | 70,000  |       |   |   | 1,946,000  |   |   |   | 2,016,000 |   |
| 2014       |   |       | -       |   |       |   | -       |       |   |   | 3,938,600  |   |   |   | 3,938,600 |   |
| 2015       |   |       | -       |   |       |   | -       |       |   |   | 3,938,600  |   |   |   | 3,938,600 |   |
| Thereafter |   |       | -       |   |       |   | -       |       |   |   | 3,938,600  |   |   |   | 3,938,600 |   |
|       |   |       |    |   |       |   |    |       |   |   |       |   |   |   |   |   |
| Total      |   | $          | 409,725 |   |       | $      | 485,000 |       |   | $      | 14,564,500 |   |   | $ | 15,459,225 |   |

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| a)   | Scale up Quantum Dot Production by applying proprietary technology licensed from Rice University for our quantum dot synthesis process and accomplishing large scale production using proprietary Micro-Reactor technology jointly developed through an agreement with Access2Flow an advanced flow chemistry consortium based in the Netherlands. These proprietary technologies enable Solterra to produce the highly desirable tetrapod quantum dots at a cost savings of greater than 75% compared to competing suppliers, and will organically supply Solterra’s requirements for quantum dots for its solar cells and other quantum dot enabled products. Additionally, Solterra intends to market these Q-Dots through various existing supply channels into various markets, including but not limited to medical diagnostics and electronics. The initial pilot scale up will take place at the Access2Flow facilities in the Netherlands and once optimized will be relocated to a solar cell production facility, which is anticipated to be located in Saudi Arabia. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Fabricate solar cells and optimize the performance of solar cells based on a proprietary blend of  quantum dots (QDs).  The aim is to invest our best efforts to demonstrate and scale up production of low cost quantum dot solar cells having peak efficiency of greater than 6%. The efficiency of solar cells is the electrical power it puts out as percentage of the power in incident sunlight. Within the photovoltaic market, cell pricing and peak efficiency are key benchmarks for consumers in the decision for system selection and installation. The design and manufacture of Solterra's quantum dot based solar cells is projected to allow for the conversion of sunlight into usable electricity at a combination of efficiencies and cell cost at a very low "cents per kilowatt-hour" rate. This work to date has been accomplished on site at the Arizona State University labs but is being relocated better accommodate the logistic requirements of our Chief Science Officer, Professor Ghassan Jabbour, who is working at Kaust University in Saudi Arabia. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Become the first bulk manufacture of high quality tetrapod quantum dots and the first solar cell manufacturer to be able to offer a solar electricity solution that competes on a non-subsidized basis with the price of retail electricity in key markets in North America, South America, Europe the Middle East and Asia. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Build a robust intellectual property portfolio in third generation photovoltaics, quantum dot process technologies and other quantum dot enabled technologies. Success criteria include completion of preparation and filing of various patent applications in the area of Quantum Dot Solar Cell technology, defining and initiating the strategy to secure a reliable source of key materials, and filing or acquiring additional process related patent applications in solar or printed electronics, which intellectual property would be owned or controlled by Solterra. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Initiate scaled manufacturing of tetrapod quantum dots, based in part on technology licensed from William H. Marsh Rice University, and building on continued research.  Planning includes the implementation of one or more pilot lines based on outcomes of collaboration with Access2Flow, an advanced flow chemistry consortium based in the Netherlands.  The design of the pilot line is intended such that the initial target output of the line, at approximately one kilogram per day, can be further scaled at least by an order of magnitude to 100 Kilograms per day in 2011.  The output of the tetrapod quantum dots manufacturing will be used for Solterra’s quantum dot solar cells as well as stand-alone sales into the biomedical research fields and to third party developers of quantum dot products such as displays, memory and computer and consumer electronics. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Continue to develop and characterize the Quantum Dot Solar Cell product; moving towards pilot proof line for solar cells and leading to high throughput print line ultimately capable of yearly solar cell output near gigawatt range. Target cell efficiencies are 6% within one year, 15% within 2 years and greater than 25% within five years.  Coupled within cell cost per watt decreasing below $.75/Watt, we intend to pursue initial product sales in late 2011 with significant increases in 2012. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (a)   | From July 1, 2008 to March 31, 2011, we had the following sales of unregistered Common Stock. |
|-----------------|-----------------------------------------------------------------------------------------------|

|  Date of Sale                           |   | Title of Security          |   | Number Sold                                         |   | Consideration Received and Description of Underwriting or Other Discounts to Market Price or Convertible Security, Afforded to Purchasers |   | Exemption from Registration Claimed            |   | If Option, Warrant or Convertible Security, terms of exercise or conversion                                                                                                    |
|----------------------------------------------|--------|----------------------------|--------|-----------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Nov. 4, 2008                                 |   | Common Stock               |   | 41,250,000Shares                                    |   |  Share exchange pursuant to Plan of Reorganization; no commissions paid.                                                        |   | Section 4(2) and/orRule 506.                   |   | Not applicable.                                                                                                                                                                |
|                                         |   |                       |   |                                                |   |                                                                                                                                      |   |                                           |   |                                                                                                                                                                           |
| Nov. 4, 2008                                 |   | Common Stock andDebentures |   |  3,525,000shares and$1,500,000Debentures  |   | $1,500,000; $150,000 of finder’s fees                                                                                               |   | Section 4(2).                                  |   | Notes are convertible at $.2667 per share.                                                                                                                                     |
|                                         |   |                       |   |                                                |   |                                                                                                                                      |   |                                           |   |                                                                                                                                                                           |
| March, 2009                                  |   | Common Stock               |   | 506,493Shares                                       |   | Shares issued in exchange for interest of $30,667; no commissions paid.                                                                   |   | Section 4(2) and/orRule 506.                   |   | Not applicable.                                                                                                                                                                |
|                                         |   |                       |   |                                                |   |                                                                                                                                      |   |                                           |   |                                                                                                                                                                           |
|  June, 2009and November2009             |   | Common StockWarrants       |   |  3,000,000Shares                               |   | Warrants issued as partof a Standstill Agreement;no commissions paid.                                                                     |   |  Section 4(2) and/orRule 506.   |   |  1,000,000 Warrants are exercisable at $0.25 per share over a period of 18 months and 2,000,000 Warrants are exercisable at $.10 per share throughOctober 31, 2014.  |
|                                         |   |                       |   |                                                |   |                                                                                                                                      |   |                                           |   |                                                                                                                                                                           |
| November ,2009 and December 2009, March 2010 |   | Common Stock               |   | 1,511,937                                           |   | Shares issued in exchangeFor interest of $195,841;no commissions paid.                                                                    |   | Section 4(2) and/orRule 506.                   |   | Not applicable.                                                                                                                                                                |
|                                         |   |                       |   |                                                |   |                                                                                                                                      |   |                                           |   |                                                                                                                                                                           |
|  November,2009                          |   | Common Stock               |   |  3,000,000                                     |   |  Shares issued for servicesrendered; no commissions paid                                                                             |   |  Section 4(2) and/orRule 506.             |   |  Not applicable.                                                                                                                                                          |

----

|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
|----------------------------|--------|---------------------|--------|-------------------|--------|---------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------------------------------------------------------------------|
| November,2009              |   | Common Stock        |   | 7,000,000    |   | Shares issued for servicesrendered; no commissions paid                                |   | Section 4(2) and/orRule 506         |   | Not applicable.                                               |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| October,2009June2010       |   | Common StockOptions |   | 8,950,000         |   | Services rendered; nocommissions paid                                                       |   | Section 4(2); and/orRule 506        |   | Options are exercisable at pricesBetween $.05 and $.2667 per share |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| January-March 2010         |   | Common Stock        |   | 2,200,000 (1)     |   | Services rendered; nocommissions paid                                                       |   | Section 4(2); and/orRule 506        |   | Not applicable.                                                    |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
|  March -May 2010      |   |  Common Stock  |   |  3,125,000   |   |  $250,000 received;10% commission paid                                                 |   |  Section 4(2); and/orRule 506  |   |  Not applicable.                                              |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| April 2010 -June 2010      |   | Common Stock        |   | 300,000 (1)  |   | Services rendered                                                                           |   | Section 4(2); and/orRule 506        |   | Not applicable.                                                    |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
|  May 2010             |   |  Common Stock  |   |  250,000 (1) |   |  Services rendered                                                                     |   |  Section 4(2); and/orRule 506  |   |  Not applicable.                                              |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| July, 2010 -September,2010 |   |  Common Stock  |   |  625,000     |   |  $50,000 received;no commissions paid                                                  |   |  Section 4(2); and/orRule 506  |   |  Not applicable.                                              |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| September,2010             |   | Common Stock        |   | 591,797           |   | Shares issued inexchange for $60,000of interest                                             |   | Section 4(2); and/orRule 506        |   | Not applicable.                                                    |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| September,2010             |   | Common Stock        |   | 700,000(1)        |   | Services rendered                                                                      |   | Section 4(2); and/orRule 506        |   | Not applicable.                                                    |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| October2010                |   | Common Stock        |   | 1,700,000         |   | Services renderedand $30,000 in cashand expense reimbursement received; no commissions paid |   | Section 4(2); and/orRule 506        |   | Not applicable.                                                    |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| December2010               |   | Common Stock        |   | 426,136           |   | Shares issued inExchange for $30,000of interest                                             |   | Section 4(2); and/orRule 506        |   | Not applicable.                                                    |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
|   January2011         |   |   Common Stock |   |   10,000,000 |   |   Services rendered,no commissions paid                                                |   |   Section 4(2); and/orRule 506 |   |   Not applicable.                                        |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
| March2011                  |   |   Common Stock |   |   298,805    |   | Shares issued inExchange for $30,000of interest                                             |   |   Section 4(2); and/orRule 506 |   |   Not applicable.                                             |
|                       |   |                |   |              |   |                                                                                        |   |                                |   |                                                               |
|  March2011            |   |   Common Stock |   |   226,667    |   | $20,000 received;no commissions paid                                                        |   | Section 4(2); and/orRule 506        |   |   Not applicable.                                             |

| (b)  | Rule 463 of the Securities Act is not applicable to the Company.                                            |
|-----------|-------------------------------------------------------------------------------------------------------------|
| (c)       | In the nine months ended March 31, 2011, there were no repurchases by the Company of its Common Stock. |

----

| 2.1       | Agreement and Plan of Merger and Reorganization, dated as of October 15, 2008, by and among Hague Corp., Solterra Renewable Technologies, Inc., the shareholders of Solterra and Greg Chapman, as Indemnitor.                                                |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                         |
| 4.1       | Form of Securities Purchase Agreement dated as of November 4, 2008.                                                                                                                                                                                          |
|      |                                                                                                                                                                                                                                                         |
| 4.2  | Form of Security Agreement dated November 4, 2008.                                                                                                                                                                                                           |
|      |                                                                                                                                                                                                                                                         |
| 4.3       | Form of Subsidiary Guarantee dated November 4, 2008.                                                                                                                                                                                                         |
|      |                                                                                                                                                                                                                                                         |
| 4.4       | Form of Stock Pledge Agreement dated November 4, 2008.                                                                                                                                                                                                       |
|      |                                                                                                                                                                                                                                                         |
| 4.5       | Form of Debenture-- MKM Opportunity Master Fund, Ltd.                                                                                                                                                                                                        |
|      |                                                                                                                                                                                                                                                         |
| 4.6       | Form of Debenture.-- MKM SP1, LLC.                                                                                                                                                                                                                           |
|      |                                                                                                                                                                                                                                                         |
| 4.7       | Form of Debenture-- Steven Posner Irrevocable Trust u/t/a Dated 06/17/65.                                                                                                                                                                                    |
|      |                                                                                                                                                                                                                                                         |
| 4.8       | Form of Escrow Agreement.                                                                                                                                                                                                                                    |
|      |                                                                                                                                                                                                                                                         |
| 4.9       | Form of Amended Waiver and Consent.                                                                                                                                                                                                                          |
|      |                                                                                                                                                                                                                                                         |
| 4.10      | Form of Registration Rights Agreement.                                                                                                                                                                                                                       |
|      |                                                                                                                                                                                                                                                         |
| 4.11      | Standstill Agreement dated June 1, 2009 (incorporated by reference to the Registrant’s Form 8-K filed on June 9, 2009).                                                                                                                                |
|      |                                                                                                                                                                                                                                                         |
| 4.12      | Amended Standstill Agreement dated June 1, 2009 (incorporated by reference to the Registrant’s Form 10-K for its fiscal year ended June 30, 2009 filed November 12, 2009).                                                                             |
|      |                                                                                                                                                                                                                                                         |
| 4.13      | Extension of Standstill Agreement dated October 29, 2009(incorporated by reference to the Registrant’s Form 10-K for its fiscal year ended June 30, 2009 filed November 12, 2009).                                                                     |
|      |                                                                                                                                                                                                                                                         |
| 10.1      | License Agreement by and between William Marsh Rice University and Solterra Renewable Technologies, Inc. dated August 20, 2008 (incorporated by reference to the Registrant’s Form 10-Q for its Quarter year ended March 31, 2009 filed May 15, 2009). |

----

|   |                                                                                                                                                                                                                                                       |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.2   | Letter dated October 2, 2008 from Rice University amending the License Agreement contained in Exhibit 10.1.                                                                                                                                                |
|   |                                                                                                                                                                                                                                                       |
| 10.3   | Agreement with Arizona State University executed by ASU on October 8, 2008 and executed by Solterra on September 18, 2008 (incorporated by reference to the Registrant’s Form 10-K for its fiscal year ended June 30, 2009 filed November 12, 2009). |
|   |                                                                                                                                                                                                                                                       |
| 10.4   | Letters dated November 5, 2009 and November 9, 2009 amending Rice University Agreement (incorporated by reference to the Registrant’s Form 10-K for its fiscal year ended June 30, 2009 filed  November 12, 2009).                         |
|   |                                                                                                                                                                                                                                                       |
| 10.5   | Consulting Agreement between Steven Posner, Oceanus Capital and the issuer (incorporated by reference to the Registrant’s Form 10-K for its fiscal year ended June 30, 2009 filed November 12, 2009).                                                |
|   |                                                                                                                                                                                                                                                       |
| 10.6   | Consulting Agreement between Sound Capital Inc and the issuer dated November 12, 2009 (Incorporated by reference to the Registrant's Form 10-Q for the quarter ended September 30, 2009).                                                                  |
|   |                                                                                                                                                                                                                                                       |
| 10.7   | License Agreement between The University of Arizona and the issuer dated July 2009.  (Incorporated by reference to the Registrant's Form 10-Q for the quarter ended September 30, 2009)                                                          |
|   |                                                                                                                                                                                                                                                       |
| 21.1   | Subsidiaries of Registrant listing state of incorporation (incorporated by reference to the Registrant’s Form 10-K for its fiscal year ended June 30, 2009 filed on November 12, 2009).                                                              |
|   |                                                                                                                                                                                                                                                       |
| 31(a)  |  Rule 13a-14(a) Certification – Principal Executive Officer *                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                       |
| 31(b)  |  Rule 13a-14(a) Certification – Principal Financial Officer *                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                       |
| 32(a)  |  Section 1350 Certification – Principal Executive Officer *                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                       |
| 32(b)  |  Section 1350 Certification – Principal Financial Officer *                                                                                                                                                                                     |

----

|                               | QUANTUM MATERIALS CORP. |                          |
|------------------------------------|-------------------------|-------------------------------|
|                               |                    |                          |   |
| October 17, 2011    | By:                     | /s/ Stephen Squires      |   |
|                               |                    | Stephen Squires               |   |
|                               |                    |  Chief Executive Officer |   |
|                               |                    |                          |   |

|                               |   |                    |   |
|------------------------------------|--------|-------------------------|--------|
| October 17, 2011    | By:    | /s/ Chris Benjamin |   |
|                               |   | Chris Benjamin          |   |
|                               |   | Chief Financial Officer |   |