Unassociated Document


    QUITCLAIM
      TRANSFER OF TITLE AND CLAIMS

     

    In
      connection with the segregation of specified assets of Concentric Energy Corp
      (“Concentric”) and their contribution into Nevada Fluorspar, Inc., ("Fluorspar")
      effective as of July 29, 2005 (the "Effective Date"), and the distribution
      of
      shares of Fluorspar to Concentric shareholders as of the Effective Date,
      Concentric and Fluorspar hereby agree: 

    


    1.
      That
      the assets identified on Exhibit 1 to this Quitclaim Transfer of Title and
      Claims are the assets intended to be transferred from Concentric to Fluorspar
      at
      the Effective Date, and which are transferred hereby from Concentric to
      Fluorspar. Fluorspar agrees to indemnify and hold harmless Concentric from
      any
      third party claims, however arising and of any nature whatsoever, that may
      arise
      in connection with the transfer of these assets or the distribution of the
      Fluorspar shares to shareholders. 

    


    2.
      That
      at such time, if any, as warrants issued by Concentric to its shareholders
      prior
      to the Effective Date are exercised, Concentric shall transfer to Fluorspar
      38%
      of the proceeds of the exercise of such warrants. Exhibit 2 sets forth a list
      of
      the warrantholders whose exercise of warrants would be subject to this transfer
      requirement. 

     

    This
      Instrument will governed by the laws of the State of Nevada. The complete
      understanding of Fluorspar and Concentric is expressed in this document. To
      the
      extent permitted by law, it is intended that the transactions contemplated
      by
      this Instrument be effective as of July 29, 2005. 

    


    
      	
              Executed
                by:

            	 	
              Execution
                date: July 30, 2007

            


    

     

    Concentric
      Energy Corp.

    3550
      Sabin Brown Road, Suite 3

    Wickenburg,
      AZ 85390

     

    
      	
              /s/
                Thomas F. Fudge, Jr.

            
	
              By:
                

            	
              Thomas
                F. Fudge, Jr.

            
	
              Its:

            	
              President
                and CEO

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    QUITCLAIM
      TRANSFER OF TITLE AND CLAIMS  Page
      2

    


    STATE
      OF
      Idaho)

    )
      ss.

    County
      of
      Kootenal)

    


    On
      7/30/07, before me, Justin Minert, a notary public in and for said State,
      personally appeared THOMAS J. FUDGE, JR., on behalf of CONCENTRIC ENERGY CORP.,
      personally known to me (or proved to me on the basis of satisfactory evidence)
      to be the person(s) whose name is/are subscribed to the within instrument(s)
      and
      acknowledged to me that he/she/they executed the same in his/her/their
      authorized capacity(ies) and that by his/her/their signature on the instrument,
      the person(s), or the entity(ies) upon behalf of which the person acted,
      executed the instrument.

    


    WITNESS
      my hand and official seal.

     

    Notary
      Public

    
      /s/
        Justin Minert