Document:

exh_10-4.htm

    

     

     

    Exhibit
10-4

    KORA
KEENAN KELSO CLAIMS

    LEGEND PROPERTY #
3

     

     

     

     

    QUITCLAIM
DEED

    FOR
MINING CLAIMS/SITES IN ARIZONA

    

    Rodney B.
Beyer representing Mining & Technology LLC, with a business address at 11303
E Prince Road, Tuscon, Arizona, 85749, acting as Attorney-In-Fact on behalf of
Jean Beyer

    

    for
consideration paid, assigns, conveys, and quitclaims to:

    

    Q Lotus
Inc., a Nevada Corporation, with a business address at 500 N Dearborn, Unit 605,
Chicago, IL, 60654

    

    The
following mining claims/sites in Pinal County, Arizona:

    

    
      	
              Claim/Site
      Name

            	
              BLM
      Serial Number

            
	
              CORA
      1

            	
              AMC
      373 899

            
	
              KEENAN
      3

            	
              AMC
      386 008

            
	
              KELSO
      1

            	
              AMC
      385 879

            
	
              KELSO
      3

            	
              AMC
      373 902

            

    

    

    

    WITNESS
this   23rd  day of   April  
, 2010.

    

    

      /S/     Rodney
Beyer                                                

    Rodney
Beyer, Managing Partner

    

    ------------------------------------------------------------------------------------------------------------

    Acknowledgement
for Persons

    State of
Utah                                )

    Pinal
County                                )

      The
foregoing instrument was acknowledged before me this   23rd  day of   April ,
2010.

    

    By                                                                  Kathleen
Christensen    (Name(s) of Person(s)
Acknowledging)

    

    My
commission expires:  5-7-2010

      /S/   Kathleen
Christensen                                         

    (seal)                                                                                 Notary
Public

    

    ---------------------------------------------------------------------------------------------------------------------------------

    Acknowledgement
for Corporation

    State of
Utah                                )

    Pinal
County                                )

      The
foregoing instrument was acknowledged before me this   23rd  day of _April   ,
2010.

    

    By                                                        R B Beyer
(Name of Officer) ,   partner
(Title) of   M &
T  LLC   (Name of corporation) , an    Arizona
  (State of Incorporation) corporation, on behalf of said
corporation.

    

    My
commission expires:

      /S/      RB
Beyer                                               

    (seal)                                                                                 Notary
Public

    

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    

    Ron
Parker

    Consulting
Geologist

    14700 N.
Shotgun Pl.

    Oro
Valley, Arizona 85755

    520-825-5359

     

    rocktosser@comcast.net

     

    Recertification

     

    

    February
24, 2010

    

    To Whom
It May Concern

    

    I issued
a report entitled "Cora 1 & 2, Kelso 1, 2, 3, &4, Keenan 1, 2, 3, &
4 Claim evaluations", which provided an evaluation of value for each of the
listed claims located in the alluvial black sands deposit in Pinal County,
Arizona. The report was first issued in 2001 and last updated in August 31, 2009
to incorporate current market prices of the various listed precious
metals.

     

    Mr. Reno
Fiedler of Mining & Technology LLC approached me requesting a
recertification of the report.

     

    I hereby
certify that the amounts of in-situ resources in the form of precious metals and
saleable commodities in the claims are unchanged, thus the applied valuation
remains intact as stated.

    

    

    Sincerely,

    

      /S/
Ron Parker

    

    Ron
Parker

     

    Consulting
Geologist

    

    Introduction

     

    The Cora,
Kelso & Keenan Claims are within the area of the original report dated
August 13, 2002. The original report was intended to give an over view of the
Magnetite Placer deposits in the Florence Alluvial Basin. The Alluvial Basin
encompasses and area of approximately eight hundred square miles. The average
magnetite content in the area of drilling carried out by Sovereign Industries
and evaluated by several consulting companies including the Colorado School of
Mines was five per cent. This percentage is agreed up on by the operating mine
owner near the claims. This work was done in the 1960's. During the early 1990's
numerous individuals surface sampled this area. They had these samples assayed
for gold, silver and the platinum group minerals. These samples were
concentrated down to a magnetite sample then sent to the assay labs for
analysis. The primary area of drill was for magnetite and the later sampling was
carried out in Townships 7 South, Range 11 East, Townships 7 South, Range 12
East, Townships 8 South, Range 11 East, Townships 8 South, Range 12 East,
Townships 9 South, Range 11 East, 10 South, Range 11 East.

     

    The
magnetite is the proven ore type as defined in the drilling of the alluvial fan.
The percentage grade will vary because this is the character of Placer Deposits.
The magnetite will vary from 1% to as much as 15%. The precious metals are
reported in ounces per ton of magnetite. The amount of precious metals will also
vary in the Placer Deposit and possibly in the occurrence with the magnetite.
The estimated values placed on the commodities are the averaged percent and
averaged ounces per ton of magnetite.

     

    Conclusion

     

    
      

      
        	 
      	
                100
      Foot Depth

              	
                500
      Foot Depth

              
	 
      	 
      	 
      
	
                The
      total estimated in ground value for Cora 1 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Cora 2 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Kelso 1 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Kelso 2 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Kelso 3 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Kelso 4 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Keenan 1 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Keenan 2 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Keenan 3 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	
                The
      total estimated in ground value for Keenan 4 is

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	 
      	 
      	 
      
	
                The
      total estimated in ground value of all the claims is

              	
                $30,071,341,230

              	
                $150,356,706,150

                 

                 

              

      

       

    

    The fore
mentioned claims are within the area explored by Sovereign Industries and in the
area of the precious metal samples were taken. To determine the more actual
value an exploration program would have to carry out on the specific claims to
determine a better estimation of value. Based on the previous data and assays
provided I estimated the following values to a 100 foot and 500 foot depth for
each of the claims:

     

     

    
      /S/
Ron Parker

      

      Ron
Parker

      Professional
Consulting Geologist.

      2
                                                               

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	
                Estimated
      Value Per Claim

              	 
      	 
      	 
      	 
      
	
                Prices
      as of August 27, 2009

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                Cora 1

              	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Magnetite

              	
                $100

              	
                2,378,376

              	
                $237,837,600

              	
                $1,189,188,000

              
	
                Ilminite

              	
                $100

              	
                60,984

              	
                $6,098,400

              	
                $30,492,000

              
	
                Sand
      & Gravel

              	
                $6.50

              	
                46,366,320

              	
                $301,381,080

              	
                $1,506,905,400

              
	
                Total
      Proven Ore Value

              	 
      	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Gold

              	
                $945,00

              	
                1,151,378

              	
                $1,088,052,210

              	
                $5,440,261,050

              
	
                Silver

              	
                $14.15

              	
                2,375,937

              	
                $33,619,509

              	
                $168,097,543

              
	
                Platinum

              	
                $1,234.00

              	
                709,854

              	
                $875,959,836

              	
                $4,379,799,180

              
	
                Palladium

              	
                $234.00

              	
                451,282

              	
                $105,599,988

              	
                $527,999,940

              
	
                Rhodium

              	
                $1,500.00

              	
                239,057

              	
                $358,585,500

              	
                $1,792,927,500

              
	
                Total
      Possible Ore Value:

              	 
      	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	 
      	 
      	 
      	 
      	 
      
	
                Total
      Proven Value for the Cora 1 Claim:

              	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	
                Total
      Possible Value for the Cra 1 Claim:

              	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	
                Total
      Proven & Possible Ore Value for the Cora 1 Claim:

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Kelso 1

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Magnetite

              	
                $100

              	
                2,378,376

              	
                $237,837,600

              	
                $1,189,188,000

              
	
                Ilminite

              	
                $100

              	
                60,984

              	
                $6,098,400

              	
                $30,492,000

              
	
                Sand
      & Gravel

              	
                $6.50

              	
                46,366,320

              	
                $301,381,080

              	
                $1,506,905,400

              
	
                Total
      Proven Ore Value

              	 
      	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Gold

              	
                $945,00

              	
                1,151,378

              	
                $1,088,052,210

              	
                $5,440,261,050

              
	
                Silver

              	
                $14.15

              	
                2,375,937

              	
                $33,619,509

              	
                $168,097,543

              
	
                Platinum

              	
                $1,234.00

              	
                709,854

              	
                $875,959,836

              	
                $4,379,799,180

              
	
                Palladium

              	
                $234.00

              	
                451,282

              	
                $105,599,988

              	
                $527,999,940

              
	
                Rhodium

              	
                $1,500.00

              	
                239,057

              	
                $358,585,500

              	
                $1,792,927,500

              
	
                Total
      Possible Ore Value:

              	 
      	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	 
      	 
      	 
      	 
      	 
      
	
                Total
      Proven Value for the Kelso 1 Claim:

              	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	
                Total
      Possible Value for the Kelso 1 Claim:

              	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	
                Total
      Proven & Possible Ore Value for the Kelso 1 Claim:

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Kelso 3

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Magnetite

              	
                $100

              	
                2,378,376

              	
                $237,837,600

              	
                $1,189,188,000

              
	
                Ilminite

              	
                $100

              	
                60,984

              	
                $6,098,400

              	
                $30,492,000

              
	
                Sand
      & Gravel

              	
                $6.50

              	
                46,366,320

              	
                $301,381,080

              	
                $1,506,905,400

              
	
                Total
      Proven Ore Value

              	 
      	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Gold

              	
                $945,00

              	
                1,151,378

              	
                $1,088,052,210

              	
                $5,440,261,050

              
	
                Silver

              	
                $14.15

              	
                2,375,937

              	
                $33,619,509

              	
                $168,097,543

              
	
                Platinum

              	
                $1,234.00

              	
                709,854

              	
                $875,959,836

              	
                $4,379,799,180

              
	
                Palladium

              	
                $234.00

              	
                451,282

              	
                $105,599,988

              	
                $527,999,940

              
	
                Rhodium

              	
                $1,500.00

              	
                239,057

              	
                $358,585,500

              	
                $1,792,927,500

              
	
                Total
      Possible Ore Value:

              	 
      	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	 
      	 
      	 
      	 
      	 
      
	
                Total
      Proven Value for the Kelso 3 Claim:

              	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	
                Total
      Possible Value for the Kelso 3 Claim:

              	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	
                Total
      Proven & Possible Ore Value for the Kelso 3 Claim:

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Keenan 3

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Magnetite

              	
                $100

              	
                2,378,376

              	
                $237,837,600

              	
                $1,189,188,000

              
	
                Ilminite

              	
                $100

              	
                60,984

              	
                $6,098,400

              	
                $30,492,000

              
	
                Sand
      & Gravel

              	
                $6.50

              	
                46,366,320

              	
                $301,381,080

              	
                $1,506,905,400

              
	
                Total
      Proven Ore Value

              	 
      	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Proven ore value

              	
                100 ft

              	
                500 ft

              
	 
      	
                Value/Ton

              	
                Tons

              	
                Value
      / Claim

              	
                Value
      / Claim

              
	
                Gold

              	
                $945,00

              	
                1,151,378

              	
                $1,088,052,210

              	
                $5,440,261,050

              
	
                Silver

              	
                $14.15

              	
                2,375,937

              	
                $33,619,509

              	
                $168,097,543

              
	
                Platinum

              	
                $1,234.00

              	
                709,854

              	
                $875,959,836

              	
                $4,379,799,180

              
	
                Palladium

              	
                $234.00

              	
                451,282

              	
                $105,599,988

              	
                $527,999,940

              
	
                Rhodium

              	
                $1,500.00

              	
                239,057

              	
                $358,585,500

              	
                $1,792,927,500

              
	
                Total
      Possible Ore Value:

              	 
      	 
      	
                $2,461,817,043

              	
                $12,309,085,213

              
	 
      	 
      	 
      	 
      	 
      
	
                Total
      Proven Value for the Keenan 3 Claim:

              	 
      	
                $545,317,080

              	
                $2,726,585,400

              
	
                Total
      Possible Value for the Keenan 3 Claim:

              	
                $2,461,817,043

              	
                $12,309,085,213

              
	
                Total
      Proven & Possible Ore Value for the Keenan 3:

              	
                $3,007,134,123

              	
                $15,035,670,613

              
	 
      	 
      	 
      	 
      	 
      

      

    

    
      
 

    

     

    
       

    

     

    
       

       

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

     

     

     

    RON
PARKER

    14700
Shotgun Pl.

    Oro
Valley, AZ. 85755

    (520)
825-5359

    rocktosser@comcast.net

    CPG
# 06163

    CAREER
ACCOMPLISHMENTS:

     

    
      	
              ·  

            	
              40
      years of experience in the mining industry: 10 years in underground mine
      production and geology, 15 years in exploration for precious and base
      metals, and 15 years in the development and mining of open pit
      deposits.

            

    

     

    
      	
              ·  

            	
              Supervised
      the San Manuel underground sulfide mine survey department and served as
      underground Mine Geologist at BHP Copper, San Manuel. Proficient in
      MineSight Software.

            

    

     

    
      	
              ·  

            	
              Developed
      a 3-D model of BHP Copper’s San Manuel-Kalamazoo ore
    bodies.

            

    

     

    
      	
              ·  

            	
              Discovered
      additional gold reserves for Atlas Gold Mining Inc, Eureka, Nevada, by
      using ore control and geology.

            

    

     

    
      	
              ·  

            	
              Discovered
      100,000-ounce gold deposit in Nevada, and 15 million pounds of uranium in
      New Mexico and Wyoming.

            

    

     

    
      	
              ·  

            	
              As
      mine foreman, supervised 4 shift foremen and 130 mining personnel in the
      Grants, New Mexico uranium belt.

            

    

     

    EDUCATION:

     

    · Kansas
State University, B.S. Geology

     

    · Meds
training, 1990

     

    · MineSight
training, 1998

     

    · MineSight
Survey training, 1998

     

    · Mintec
Seminars (1996-2001)

     

    
      	
              ·  

            	
              Mintec
      classes (2001) Pit Optimization, Advanced Pit Design, Long & Short
      Term Scheduling, and MineSight 2 Only, introduction to Geologic
      Applications, Advanced Geologic Modeling, & AutoCAD 3-D
      Modeling

            

    

     

    · MSHA
Instructor PROFESSIONAL EXPERIENCE:

     

    Consultant,
Tucson, AZ 1999 - Present Clients: Asarco at Silverbell Mine, Call &
Nicholas Inc., Bob Hinds, Storm Gill, Durham Hills Minerals, Metallic Ventures
(U.S.), Inc., Phelps Dodge Sierrita (3 years)

     

    Survey
Supervisor / Mine Geologist, BHP Copper, San Manuel, AZ January 1996 - July 1999
As supervisor of the underground survey team, tracked all survey projects
for underground development. Kept records and apprised management about
conducted surveys. As mine geologist, mapped geologic levels on an ongoing basis
and apprised management of rock conditions, rock types, and structures expected
in the development areas of the mine. Transferred mapped information to AutoCad
and MineSight software, which shows three-dimensional relationships between all
mine levels, as well as drifts and raises. Kept accurate records of the reserve
model in the block areas to be mined. Kept superintendents informed of geologic
conditions that could become safety hazards. Assimilated and developed present
and past data to construct model for the combined Kalamazoo and San Manuel ore
bodies prior to start of mining. This information was used as a base for
additional drilling and the planned expansion of the San Manuel open
pit.

     

    Consulting Geologist, Reno,
NV November 1992 - January 1996

    Siskon
Mining Co. Evaluated mineral properties in the states of Chihuahua and Sonora,
Mexico. Western States Mining Co. Performed extensive geologic mapping of the
Northumberland Mine area. Santa Fe Pacific Gold Corporation: Provided core
logging, interpretation, and evaluation of the Trenton Canyon deposit and the
Twin Creeks Mine's sulfide extensions.

     

    Chief Mine Geologist, Atlas
Gold Mining, Inc., Eureka, NV June 1989 - November
1992  Developed the geologic and minable resources for four
separate satellite gold deposits of the Gold Bar Mine. Supervised mine
exploration drilling, pit drilling, daily mine planning, ore control, and
geology for all the operating open pits. Developed computer models in the Mintec
and Micromodel software programs. Supervised and provided technical support to
ore control, as well as technical support to the production department.
Reconciled the Gold Bar Mine and Gold Bar resource areas.

     

    Senior
Minerals Geologist, Marston & Marston Consulting, St. Louis, MO May 1988 -
May 1989 Performed all geologic tasks related to mine engineering,
planning, and development of exploration projects for clients. Advised mining
engineers about the geological input for computerized geologic models (created
by CPS/GDS software). Supervised the preliminary study and development of an
extensive exploration program for an open-pit Lignite deposit in
Thailand.

     

    Senior Exploration &
Development Geologist, Hycroft Resource & Development, Inc., Reno, NV April
1986 - May 1988

     

    Performed
all phases of exploration and development drilling. Supervised personnel in the
exploration and development of the Crofoot/Lewis open-pit disseminated gold
mines. Supervised three similar projects in Idaho and the Carlin Trend of
eastern Nevada.

     

    Consulting Geologist,
Denver, CO January 1983 - April 1986

    Provided
consulting for several companies and individuals. Implemented exploration
programs in the disseminated precious metal environment of northern Nevada.
Evaluated multi-mineral properties. Employed and supervised a field geologist,
and drilling and equipment contractors for clients.

     

    Senior
Exploration Geologist, Keradamex, Inc., Albuquerque, NM January 1980 - January
1983 Performed multi-mineral property evaluations throughout the western
United States. Reorganized the company's Nevada operations and conducted land
status research. Negotiated numerous lease contracts. Supervised field
geologists and contractors.

     

    Senior
Geologist, Nuclear Assurance Corp., Grand Junction, CO January 1979 - January
1980 Evaluated and explored uranium properties throughout the Western
United States for the Arizona Public Service contract. Submitted proposed
programs and final results to the Arizona Public Service Board. Discovered and
developed a 2-million pound uranium open pit.

     

    Senior Geologist, Keradamex,
Inc., Albuquerque, NM June 1973 - January 1979

    Evaluated
precious and base metal, rare earth and uranium properties throughout the
Western United States. Planned and carried out exploration on all acquired
mineral properties. Researched land status and negotiated lease contracts for
the company. Supervised all contract vendors, such as drillers, geotechnical
surveyors, and geologists. Discovered a total of 13 million pounds of
Uranium.

     

    Mine Geologist/Mine Foreman,
United Nuclear-Homestake Partners, Kerr-McGee Corp., Grants, NM August 1967-
June 1973

    Planned
and supervised the underground mining of uranium in the Grants mineral belt of
New Mexico. Supervised up to 130 mining personnel.

     

    ORGANIZATIONS:

     

    American
Institute of Professional Geologist, Certified Professional Geologist (#06163)
American Institute of Mining Engineers (AIME), past
secretary/treasurer

    Arizona
Geological Society

     

    

     

    REFERENCES:

    Dave
Armstrong, Associate Professor, MS, MBA MontanaTech U of M 406-496-4867 darmstrong@mtech.edu

    Steve
Rivera, Consulting, Tucson, AZ (520) 297-1696

    

     

     

    4

    
       

      
 

      
        

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        Mineral Rights
Agreement

         

        This
agreement is by and between

         

        Mining
and Technology LLC

         

        Financial
Geographics International Inc

         

        Nurturing
Life LLC

         

        Jean
Beyer

         

        Rodney
Beyer

         

        Shannon
Sanford

         

        Allan
Sanford

         

        hereinafter
referred to as "transferor" and Q Lotus, Inc. hereinafter referred to as
"transferee."  Transferor agrees to transfer all "rights, title and
interest" in the attached exhibit describing the asset(s) to transferee for real
and valuable consideration.  Transferor represents he/she is the
rightful holder of the assets to be transferred and further that said asset(s)
are free of any liens, encumbrances or debts.  Transferor further
represents to transferee the assets are not the subject of any lawsuits
currently filed or anticipated to be filed in the future.

         

        In exchange for the unencumbered
transfer of all rights, title and interest in the described asset(s), transferee
has agreed to a revenue sharing agreement with transferor to be derived from the
use of the asset(s).  Said usage will include but not be limited to
mining and extraction of minerals from subject properties and sale of said
minerals.  Additionally, mineral extractions might be utilized as
collateral for loans or might back securities offerings or be hypothecated in a
variety of ways.

         

        Transferor agrees to share with
transferee, (in accordance with revenue sharing agreement), whatever monetary
value received by transferor in conjunction with the asset(s) herein described
after deduction of all expenses.  Transferor agrees to protect the
value of the asset(s) being transferred and to utilize said asset(s) in a
responsible manner to achieve maximum value to be shared by transferor and
transferee.

         

        Transferor and transferee agree to
continue to work in cooperation with each other now and in the future to
maximize asset value for their mutual benefit.

         

        

         

          /S/  Reno
Fiedler                                                                May 09, 2010

         

        Reno
Fiedler, Attorney in Fact

         

        

         

        Q Lotus
Inc                                                                                            5/10/2010

         

          /S/  Marckensie
Theresias                                                                
5

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Letter
Agreement

    

    Reference
is hereby made to the “revenue sharing agreement” recited in the Mineral Rights
Agreement dated May 9, 2010 by and between

    

    Mining
and Technology LLC

    Financial
Geographics International Inc

    Nurturing
Life LLC

    DXDomainleasing
LLC

    Jean
Beyer

    Rodney
Beyer

    Shannon
Sanfrod

    Allan
Sanford

    hereinafter
referred to as “transferor” and Q Lotus, Inc. (“transferee”) hereinafter
referred to as “The Parties.”

    

    The
Parties hereby agree that the transferor shall be paid thirty percent (30%) of
the Net Revenue (gross revenue less all related expenses.)

    

    The
transferred assets include the following BLM Claims:

     

     

    
      	
              Serial
      Number

            	
              Claim
      Name

            
	
              AMC
      373 899

            	
              CORA
      1

            
	
              AMC
      386 008

            	
              KEENAN
      3

            
	
              AMC
      385 879

            	
              KELSO
      1

            
	
              AMC
      373 902

            	
              KELSO
      3

            

    

    

    

    Understood
& Agreed To:

    

    Transferor

    

    By:                                                                  /S/  Reno
Fiedler                                             5/17/2010 

    Reno Fiedler, Attorney in
Fact                                                                                                    Date

    

    

    Transferee

    

    By:                                                                  /S/ Marckensie
Theresias                                           
 6/7/2010 

    Marckensie
Theresias                                                                    Date

     

     

    6exh_10-5.htm

     

     

     

                   

    Exhibit 10-5

     

    RAMEX PORTFOLIO

    LEGEND PROPERTY #4

    
      

      QUITCLAIM
DEED

      FOR
MINING CLAIMS/SITES IN OREGON

      

      Ronald C.
Gibson, Benjamin H. Erskine, Michael W. Marshall, Linda R. Hata of Prospect
Silica Enterprises, Inc., with a business address at 201 Forest Creek Road,
Jacksonville, Oregon, 97530-1901

      

      for
consideration paid, assigns, conveys, and quitclaims to:

      

      Q Lotus
Inc., a Nevada Corporation, with a business address at 500 N Dearborn, Unit 605,
Chicago, IL, 60654

      

      The
following mining claims/sites in Jackson County, Oregon:

      

      
        	
                Claim/Site
      Name

              	
                BLM
      Serial Number

              
	
                RAMEX
      2

              	
                ORMC
      149 084

              
	
                RAMEX
      3

              	
                ORMC
      149 085

              
	
                RAMEX
      4

              	
                ORMC
      149 086

              
	
                RAMEX
      5

              	
                ORMC
      149 087

              
	
                RAMEX
      8

              	
                ORMC
      149 089

              
	
                RAMEX
      9

              	
                ORMC
      149 090

              
	
                RAMEX
      10

              	
                ORMC
      149 091

              
	
                RAMEX
      11

              	
                ORMC
      149 092

              
	
                RAMEX
      14

              	
                ORMC
      149 094

              
	
                RAMEX
      15

              	
                ORMC
      149 095

              
	
                RAMEX
      16

              	
                ORMC
      149 096

              
	
                RAMEX
      17

              	
                ORMC
      149 097

              
	
                RAMEX
      19

              	
                ORMC
      156 974

              
	
                RAMEX
      20

              	
                ORMC
      156 975

              
	
                RAMEX
      21

              	
                ORMC
      156 976

              
	
                RAMEX
      22

              	
                ORMC
      156 977

              
	
                RAMEX
      23

              	
                ORMC
      156 978

              
	
                RAMEX
      24

              	
                ORMC
      156 979

              
	
                RAMEX
      25

              	
                ORMC
      156 980

              
	
                RAMEX
      26

              	
                ORMC
      156 981

              

      

      

      

      WITNESS
this 23rd  day of April ,
2010.

      

      

        /S/ Ronald
Gibson                                                        /S/ Benjamin H.
Erskine                                                      

      Ronald C.
Gibson                                                                           Benjamin
H. Erskine

      

      

        /S/ Michael W.
Marshall                                                        /S/ Linda R.
Hata                                                      

      Michael
W.
Marshall                                                                           Linda
R. Hata

      

       

       

      

      QUITCLAIM
DEED

      FOR
MINING CLAIMS/SITES IN OREGON

      (page 2
of 2)

      

      

      ------------------------------------------------------------------------------------------------------------

      Acknowledgement
for Persons

      State of
Oregon                                )

      Jackson
County                                )

        The
foregoing instrument was acknowledged before me this 23rd  day of April ,
2010.

      

      By                                                                 Ronald C. Gibson, Benjamin
H. Erskine, Michael W. Marshall, Linda R. Hata (Name(s) of Person(s)
Acknowledging)

      

      My
commission expires:  April 22, 2011

        /S/                                                      

      (seal)                                                                                 Notary
Public

      

      ---------------------------------------------------------------------------------------------------------------------------------

      Acknowledgement
for Corporation

      State of
Oregon                                )

      Jackson
County                                )

        The
foregoing instrument was acknowledged before me this 23rd  day of April ,
2010.

      

       

      By     /s/    Linda R. Hata (Name
of Officer) , Secretary (Title) of
Prospect Sillica
Enterprises (Name of corporation) , a OR (State of
Incorporation) corporation, on behalf of said corporation.

      

      My
commission expires:  April 22, 2011

        /S/ Linda R.
Hata                                                      

      (seal)                                                                                 Notary
Public

      

       

       

       

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

       

      

      Robert L.
Salmon

      P. 0. Box
1742

      Rogue
River, Oregon 97537

      

      Mining
Consultant

      

      February
23, 2010

       

      Ron
Gibson

      POB
400

      Rogue
River, OR 97537

       

      

      Re:
Silica Deposit in the Prospect Ranger District Quartz Mountain and Subsequent
Correspondence per RAMEX claims

      

      Dear
Ron,

       

      I am so
glad to see you are progressing on the Quartz Mountain property. If I understand
what you want from me, I will explain as follows; you want my considered opinion
of the estimated value of 400 acres of the total reserves of silica claims on
Quartz Mountain.

       

      Reference
is made to my letters of October 31, 2005 and February 29, 2008. Any mineral
deposit value is predicated on the value and demand at the time the opinion is
given. That being said, the value of the claims has doubled since I last
examined them in October of 2005. The volume has not changed-nor will
it.

       

      

      The
amount of tonnage in the 400 acre block at 100 feet depth equals approximately
175,000,000 tons today worth $80/ton or $14B. This is by no means the total of
the deposit.

       

      As you
and I discussed, when standing on the lower end of your claims, we could see the
exposed silica on three sides at over 500 feet in elevation. In my opinion,
there is at least 5 times the amount as stated above. This is what I believe and
seems to be consistent with the opinion of other geologist reports.

       

      

      Ron, you
know I am conservative by nature but I have never seen a deposit of this
magnitude. If I can be of further assistance, please advise.

      

      [Ed.
Note: The 400 acres are comprised of claims Ramex #2, #3, #4, #5, #8, #9, #10,
#11, #14, #15, #16, #17, #19, #20, #21, #22, #23, #24, #25, #26]

      

      

      Sincerely,

      

      /S/Robert
L. Salmon

      

      Robert L.
Salmon

      

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      Robert L.
Salmon

      P.O. Box
1742

      Rogue
River. Oregon  97537

      (541)-855-7403

       

      Resume

       

      

      I, Rooert
Salmon, am a constitutional councilor of law, having been called upon numerous
times to testify both for and against the government as an expert
witness.

       

      I have
been a private investigator for a mining attorney and other clients for the past
30 years. My duties included mineral claim examiner and the certification or
mineral claims records.

       

      As a
mining consultant, I have hands on experience from the staking of mineral claims
through the prototype into final production.

       

      In the
past 40 years, I have done hundreds of mineral evaluations on both precious
metal and industrial mineral properties, from Canada to Mexico.

       

      I have
had the pleasure of working with some of the finest professional people in the business,

       

      

      /S/
Robert L. Salmon

      

      Robert L.
Salmon

       

       

      

                                                                   3

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
        

      

       

       

      

      Mineral Rights
Agreement

       

      This
agreement is by and between Prospect Silica Enterprisess Inc. hereinafter
referred to as "transferor" and Q Lotus, Inc. hereinafter referred to as
"transferee."  Transferor agrees to transfer all "rights, title and
interest" in the attached exhibit describing the asset(s) to transferee for real
and valuable consideration.  Transferor represents he/she is the
rightful holder of the assets to be transferred and further that said asset(s)
are free of any liens, encumbrances or debts.  Transferor further
represents to transferee the assets are not the subject of any lawsuits
currently filed or anticipated to be filed in the future.

       

      In
exchange for the unencumbered transfer of all rights, title and interest in the
described asset(s), transferee has agreed to a revenue sharing agreement with
transferor to be derived from the use of the asset(s).  Said usage
will include but not be limited to mining and extraction of minerals from
subject properties and sale of said minerals.  Additionally, mineral
extractions might be utilized as collateral for loans or might back securities
offerings or be hypothecated in a variety of ways.

       

      Transferor
agrees to share with transferee, (in accordance with revenue sharing agreement),
whatever monetary value received by transferor in conjunction with the asset(s)
herein described after deduction of all expenses.  Transferor agrees
to protect the value of the asset(s) being transferred and to utilize said
asset(s) in a responsible manner to achieve maximum value to be shared by
transferor and transferee.

       

      Transferor
and transferee agree to continue to work in cooperation with each other now and
in the future to maximize asset value for their mutual benefit.

       

      Q
Lotus Inc

       

        /S/____Marckensie
Theresias                                            May 10,
2010

       

      Markensie
Theresias

       

      

       

        /S/____Ron
Gibson                                                            May 7,
2010

       

      _____Ron Gibson,
President___                                                                                                                      

       

      

       

        /S/__Ben
Erskine, Sr.__                                                    May 7,
2010

       

      _____Ben Erskine, Sr.
V.P._______                                                                                                                                      

       

      

       

        /S/  Mike
Marsahll                                                            May 7,
2010

       

      _____Mike Marshall,
Treasurer                                                                                                 

       

      

       

        /S/   Linda
Hata                                                            
   May
7, 2010

       

      _____Linda Hata,
Secretary_______                                                                                                           

      

       

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

       

       

      

      Letter
Agreement

      

      Reference
is hereby made to the “revenue sharing agreement” recited in the Mineral Rights
Agreement dated May 7, 2010 by and between Prospect Silica Enterprisess Inc.
(“transferor”) and Q Lotus, Inc. (“transferee”) hereinafter referred to as “The
Parties.”

      

      The
Parties hereby agree that the transferor shall be paid thirty percent (30%) of
the Net Revenue (gross revenue less all related expenses.)

      

      The
transferred assets include the following BLM Claims:

       

      
        	
                Serial
      Number

              	
                Claim
      Name

              	 
      	
                Serial
      Number

              	
                Claim
      Name

              
	
                ORMC
      149 084

              	
                RAMEX
      2

              	 
      	
                ORMC
      149 096

              	
                RAMEX
      16

              
	
                ORMC
      149 085

              	
                RAMEX
      3

              	 
      	
                ORMC
      149 097

              	
                RAMEX
      17

              
	
                ORMC
      149 086

              	
                RAMEX
      4

              	 
      	
                ORMC
      156 974

              	
                RAMEX
      19

              
	
                ORMC
      149 087

              	
                RAMEX
      5

              	 
      	
                ORMC
      156 975

              	
                RAMEX
      20

              
	
                ORMC
      149 089

              	
                RAMEX
      8

              	 
      	
                ORMC
      156 976

              	
                RAMEX
      21

              
	
                ORMC
      149 090

              	
                RAMEX
      9

              	 
      	
                ORMC
      156 977

              	
                RAMEX
      22

              
	
                ORMC
      149 091

              	
                RAMEX
      10

              	 
      	
                ORMC
      156 978

              	
                RAMEX
      23

              
	
                ORMC
      149 092

              	
                RAMEX
      11

              	 
      	
                ORMC
      156 979

              	
                RAMEX
      24

              
	
                ORMC
      149 094

              	
                RAMEX
      14

              	 
      	
                ORMC
      156 980

              	
                RAMEX
      25

              
	
                ORMC
      149 095

              	
                RAMEX
      15

              	 
      	
                ORMC
      156 981

              	
                RAMEX
      26

              
	 
      	 
      	 
      	 
      	 
      

      

      Understood
& Agreed To:

      

      Prospect
Silica Enterprisess Inc.

      

      By:                                                                  /S/  Ron
Gibson                                             05/15/2010

      Ron
Gibson,
President                                                                    Date

      By:                                                                  /S/ Ben Erskine
Sr.                                        05/15/2010

      Ben
Erskine, Sr.
V.P.                                                                    Date

      

      By:                                                                  /S/ Mike
Marshall                                         05/15/2010

      Mike
Marshall,
Treasurer                                                                                                    Date

      

      By:                                                                  /S/  Linda
Hata                                             05/15/2010

      Linda
Hata,
Secretary                                                                    Date

      

      Q
Lotus, Inc.

      

      By:                                                                  /S/  Marckensie
Theresias                           6/7/2010

      Marckensie
Theresias                                                                    Date

      

       

       

                                                             5

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