Document:

EXHIBIT 10.3

                             SECURED PROMISSORY NOTE
                             -----------------------

         THIS SECURED PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY STATE
         SECURITIES LAWS. THIS SECURED PROMISSORY NOTE HAS BEEN OR WILL
         BE ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO
         DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, TRANSFERRED, MADE
         SUBJECT TO A SECURITY INTEREST, PLEDGED, HYPOTHECATED, OR
         OTHERWISE DISPOSED OF UNLESS AND UNTIL REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED, AND UNDER SUCH STATE
         SECURITIES LAWS, OR AN OPINION OF COUNSEL FOR MAKER IS RECEIVED
         THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR LAWS.

Principal Amount: $1,945,000                                       July 11, 2006

         TRIDENT ADVISORS, INC., a Texas corporation with offices at 700 Gemini
Avenue, Suite 100, Houston, Texas 77058 (the "Maker"), for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
hereby promises to pay to THE SAGEMARK COMPANIES LTD., a New York corporation
with principal offices at 1285 Avenue of the Americas, 35TH Floor, New York, New
York 10019 (the "Payee"), the principal amount of One Million Nine Hundred Forty
Five Thousand Dollars ($1,945,000) (the "Principal"), together with all accrued
interest thereon, on and subject to the terms and conditions hereinafter set
forth:

         1.       Incorporation by Reference. Reference is made to that certain
Purchase Agreement dated as of November 9, 2005, as amended, between Maker and
Payee (the "Agreement"). All capitalized terms used but not defined herein shall
have the meanings ascribed to them in the Agreement.

         2.       Interest. From and after the date hereof through the date on
which the Principal is paid in full, the outstanding Principal balance of this
Secured Promissory Note (the "Note") shall bear simple interest at the one year
LIBOR rate as published in The Wall Street Journal. On the last day of each year
during the term of this Note, interest on the Principal for the following year
shall be payable based upon the one year LIBOR rate as published in The Wall
Street Journal on such date. Interest shall be computed on a 360 day per year
basis. In no event shall Payee be entitled to receive interest in excess of the
legally permissible rate of interest. In the event that Payee receives payments
under this Note that are deemed excessive interest under applicable law, such
excess will be applied first to the costs referred to in Section 16 hereof and
then to the Principal of this Note. If such costs and the Principal are paid in
full, any remaining excess shall be refunded to Maker. All interest due and
payable under this Note shall be paid in full on the Maturity Date (hereinafter
defined).

                                       9
<PAGE>

         3.       Payment Terms. Maker shall unconditionally and irrevocably pay
to Payee, without set-off or deduction, the Principal of this Note, and all
accrued interest thereon, on the earlier of July 10, 2010 (the "Maturity Date")
or the Termination Date (hereinafter defined).

         4.       Acceleration. Upon an occurrence of an event of an Event of
Default (hereinafter defined) under this Note, the unpaid Principal balance of
this Note, and all accrued interest thereon, shall, at Payee's election by
notice to Maker, become immediately due and payable.

         5.       Place and Manner of Payment. All payments of Principal and
interest under this Note (and all other amounts payable hereunder) shall be made
to Payee in U.S. dollars on or before the due date thereof at the address of
Payee set forth on the first page of this Note or, at Payee's written request,
to Payee at such other place as Payee may, from time to time, designate in
writing prior to the due date of any such payment. If any payment hereunder
becomes due on a Saturday, Sunday or legal holiday, such payment shall become
due on the next business day.

         6.       Prepayment. Notwithstanding any provision of this Note to the
contrary:

                  (a)      Maker shall, on the 10th day of July, 2007, 2008,
2009 and 2010 pay to Payee against the Principal balance of this Note, and all
accrued interest due under this Note, the greater of (i) Four Hundred Eighty Six
Thousand Two Hundred Fifty Dollars ($486,250), or (ii) an amount equal to 75% of
the amount of all cash distributions and the mutually agreed upon cash value of
all distributions of property received by Maker from Trident with respect to the
Limited Partnership Interest in the twelve month period immediately prior to
each of such dates. All such prepayments hereunder shall be applied first to any
accrued and unpaid interest due under this Note and then to the principal
balance of this Note; and

                  (b)      In the event that, at any time prior to the Maturity
Date, Maker or Trident consummate a sale of more than fifty percent (50%) of
their equity interests or all, or substantially all of their assets, or
consolidate with or merge into any other Person (other than a merger with a
subsidiary where Maker or Trident, as applicable, is the surviving entity) or
sell or transfer all or part of the Limited Partnership Interest or Maker or
Trident is liquidated or dissolved (each a "Sale Event"), the unpaid Principal
balance of this Note, and all accrued interest thereon, shall become immediately
due and payable. Maker will provide notice to Payee at least twenty (20)
business days prior to the consummation of any Sale Event; and

                  (c)      At the option of Maker, the unpaid Principal balance
of this Note, and any accrued interest thereon, may be prepaid, in whole or in
part, at any time or from time to time, without penalty or premium.

         7.       Security.
                  --------

                  (a)      As collateral security for Maker's obligation to make
full and timely payment of the Principal of this Note, and all accrued interest
thereon, Maker has granted Payee a first priority lien and security interest in
and to the Limited Partnership Interest (the "Collateral"). Maker has delivered,
or will deliver, to Payee a certificate evidencing its ownership of the limited

                                       10
<PAGE>

partnership interest (the "Certificate") which Payee shall retain possession of
as collateral security for Maker's obligations under this Note until this Note,
inclusive of all accrued interest, has been paid in full by Maker. In addition,
Maker hereby covenants to prepare and/or execute and/or record all documents and
instruments requested of it by Payee or its counsel for the purpose of
perfecting and otherwise effectuating such lien and security interest and hereby
authorizes Payee, as Maker's attorney-in-fact, to execute all such documents and
instruments on its behalf and to file and/or record same wherever required.

                  (b)      Upon the occurrence of an Event of Default under this
Note, Payee shall have all of the rights and remedies of a secured creditor
under the Uniform Commercial Code of the State of New York with respect to the
Collateral. Upon payment in full to Payee of the Principal of this Note, and all
accrued interest thereon, the lien and security interest in the Collateral shall
be deemed terminated, Payee shall deliver the Certificate to Maker and Payee
shall prepare and/or execute and/or record all documents and instruments
requested of it by Maker, or its counsel, for the purpose of terminating such
lien and security interest and Payee hereby authorizes Maker, as Payee's
attorney-in-fact, to execute at that time all such documents and instruments on
its behalf and to file and/or record same wherever required for such purpose.

         8.       Definitions.
                  -----------

                  (a)      The term "Event of Default" shall mean any event
specified in Section 10 of this Note.

                  (b)      The term "Person" shall mean a corporation,
association, partnership, limited liability company, or any other organization
or entity.

                  (c)      The term "Trident" shall mean Trident Growth Fund,
L.P., a Delaware limited partnership, with offices at 700 Gemini Avenue, Suite
100, Houston, Texas 77058.

         9.       Covenants. Maker hereby covenants and agrees that so long as
the Principal of this Note, and any accrued interest thereon, is outstanding:

                  (a)      Maker will duly and punctually pay or cause to be
paid the Principal, and all accrued interest thereon, as provided for in this
Note, when due in accordance with the terms hereof.

                  (b)      Maker will, as soon as available, furnish the holder
of this Note with copies of all reports and other correspondence received from
Trident with respect to the Limited Partnership Interest for all periods and
will notify Payee, in writing, of the date and amount of all distributions of
cash or property received by Maker from Trident with respect to the Limited
Partnership Interest prior to payment in full of the outstanding Principal
balance of this Note, and all accrued interest thereon.

                  (c)      Maker will comply with all of its representations,
warranties, covenants and obligations under and in accordance with the terms of
the Purchase Agreement.

                                       11
<PAGE>

                  (d)      Maker hereby represents that it has granted to Payee
a first lien and security interest in the Limited Partnership Interest and that
it will not grant any junior liens or security interests, or create or permit
any other encumbrances on or with respect to the Limited Partnership Interest
prior to payment in full of this Note.

         10.      Default.
                  -------

                  (a)      If any one or more of the following events shall
occur, each such event shall, for purposes of this Note, be deemed to be an
"Event of Default":

                           (i)      default by Maker in the payment of the
                                    Principal of this Note, or any accrued
                                    interest thereon, or any mandatory
                                    prepayment or other installment thereof,
                                    within five (5) days after the same shall
                                    become due and payable, whether by
                                    acceleration or otherwise; or

                           (ii)     default by Maker in the performance or
                                    observance of any other material term or
                                    provision contained in this Note if such
                                    default shall not have been remedied within
                                    thirty (30) days after written notice
                                    thereof from Payee to Maker; or

                           (iii)    Maker's making of an assignment for the
                                    benefit of its creditors or the entry of a
                                    final order, judgment or decree adjudicating
                                    Maker bankrupt or insolvent; or

                           (iv)     Maker's petitioning or applying to any court
                                    of competent jurisdiction or other tribunal
                                    for the appointment of a trustee or receiver
                                    of Maker, or of any substantial part of the
                                    assets or properties of Maker, or the
                                    commencement by Maker of any proceedings
                                    relating to Maker under any bankruptcy,
                                    reorganization, insolvency, readjustment of
                                    debt, dissolution, or similar law of any
                                    jurisdiction whether now or hereafter in
                                    effect; or the filing of any such petition
                                    or application, or the commencement of any
                                    such proceedings against Maker, if Maker by
                                    any act indicates its approval thereof,
                                    consents or acquiesces therein, or the entry
                                    of any order, judgment or decree appointing
                                    any such trustee or receiver, or approving
                                    the petition in any such proceedings, if
                                    such order, judgment or decree remains
                                    unstayed or unbonded and in effect for more
                                    than forty-five (45) days.

                  (b)      All payments received by Payee after an Event of
Default under this Note will be applied first to the costs referred to in
Section 16 hereof, next to all accrued interest on the then outstanding
Principal balance of this Note and then to the unpaid Principal balance of this
Note.

         11.      Waiver of Presentment, Demand and Notice. Maker hereby waives
presentment for payment, demand, notice of demand, notice of non-payment or
dishonor, protest and notice of protest of this Note, and all other notices in

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<PAGE>

connection with the delivery, acceptance, performance, default, or enforcement
of the terms of this Note (except for notices which are specifically provided
for elsewhere in this Note) and Maker hereby agrees that its liability under
this Note shall be without regard to the liability of any other party, including
any guarantor of this Note, and shall not be affected in any manner by any
indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee. Maker hereby agrees that additional makers, endorsers,
guarantors or sureties may become parties to this Note without notice to Maker
and without affecting Maker's liability hereunder.

         12.      Remedies Cumulative. The rights and remedies of Payee provided
in this Note shall be cumulative and concurrent and exclusive of all rights and
remedies provided by law or in equity and Payee may, at its election, pursue its
rights and remedies against Maker hereunder or thereunder, singly, successively,
or together, at the sole discretion of Payee, and all of such rights and
remedies may be exercised separately as often as occasion therefor shall occur.
The failure of Payee to exercise any such right or remedy shall in no event be
construed as a waiver or release thereof.

         13.      Severability; Lawful Interest. If any provision of this Note
is held to be invalid or unenforceable by a court of competent jurisdiction, the
other provisions of this Note shall remain in full force and effect and shall be
unaffected thereby.

         14.      No Waiver by Payee. Payee shall not be deemed, by any act of
omission or commission, to have waived any of its rights or remedies hereunder
unless such waiver is in writing and signed by Payee, and then only to the
extent specifically set forth in any such writing. A waiver of one event shall
not be construed as continuing or constitute a bar to or waiver of any right or
remedy with respect to a subsequent event.

         15.      Modification; Governing Law. The provisions of this Note
represent the entire agreement and understanding of Maker and Payee with respect
thereto (other than the applicable provisions of the Agreement) and may not be
modified or amended except by an instrument in writing signed by the party to be
bound thereby. This Note and the respective rights and obligations of Maker and
Payee hereunder shall be governed by and construed in accordance with the laws
of the State of New York with respect to contracts made and to be fully
performed therein and without regard to the principles of conflicts of laws
thereof. To the extent that there is any inconsistency between the provisions of
this Note and the provisions of the Agreement, the provisions of this Note shall
govern and be controlling.

         16.      Costs of Collection. In the event that Payee shall commence
any action or proceeding to enforce the terms of this Note after an Event of
Default by Maker under this Note, including any legal action or proceeding for
the enforcement of any judgment resulting therefrom, Payee shall be entitled to
recover from Maker, upon demand, all costs and expenses incurred by Payee in
connection therewith (including, without limitation, all of Payee's attorneys'
fees and disbursements), together with interest on any judgment obtained, at the
then prevailing legal rate of interest.

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<PAGE>

         17.      Notices. All notices, consents, requests, demands and other
communications required or permitted to be given under this Note shall be in
writing and delivered personally, receipt acknowledged, or mailed by registered
or certified mail, postage prepaid, return receipt requested, addressed to Maker
or Payee, as applicable, at their respective addresses set forth on the first
page of this Note (or to such other address as either Maker or Payee, as
applicable, shall specify by notice given in accordance with this provision).
All such notices, consents, requests, demands and other communications shall be
deemed given when personally delivered, as aforesaid, or, if mailed as
aforesaid, on the third business day after the mailing thereof or on the day
actually received, if earlier, except for a notice of a change of address which
shall be effective only upon receipt.

         18.      Binding Effect. This Note shall be binding upon Maker and
Maker's successors and permitted assigns and shall inure to the benefit of Payee
and Payee's successors and assigns. Maker shall not have the right to assign
this Note, or any of Maker's obligations hereunder, without the written consent
of Payee, which consent shall be within Payee's sole and absolute discretion.

         19.      Authorization. The execution and delivery of this Note has
been duly authorized by all required action of Maker and constitutes a valid and
binding obligation of Maker, enforceable against Maker in accordance with the
terms of this Note.

         20.      Further Assurances. Maker hereby agrees that, at any time and
from time to time after the date hereof, upon the reasonable request of Payee,
Maker shall do, execute, acknowledge and deliver, or cause to be done, executed,
acknowledged and delivered, such further acts, deeds, assignments, transfers,
conveyances, and assurances as may be reasonably required to more effectively
consummate this Note or to confirm or otherwise effectuate the provisions of
this Note.

         IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has
executed this Note on the day and year above written.

                                       TRIDENT ADVISORS, INC.

                                       By: /s/ FRANK DELAPE
                                           -------------------------------------
                                           Frank DeLape, President

                                       14
<PAGE>

STATE OF TEXAS     )
                   )     :ss.:
COUNTY OF HARRIS   )

         On July 12, 2006, before me personally came Frank DeLape, to me known,
and known to me to be, and who, by me duly sworn, did depose and say that
deponent is the President of Trident Advisors, Inc., the corporation described
in and which executed the foregoing Secured Promissory Note and that deponent
acknowledged to me that his signature was affixed to such Note by order of the
Board of Directors of such corporation.

                                       /s/ BELINDA LONG
                                       -----------------------------------------
                                       Notary Public

                                                   [NOTARY SEAL]

                                                   BELINDA LONG
                                               My Commission Expires
                                                   April 11, 2009

                                       15EXHIBIT 10.1

                                    AGREEMENT
                                    ---------

         THIS AGREEMENT is executed effective the 5th day of June, 2006, by and
among QUEST MINERALS & MINING CORP., a Utah corporation ("Quest"), GWENCO, INC.,
a Kentucky corporation ("Gwenco"), QUEST ENERGY, LTD., a Kentucky corporation
("QEL"), and FIRST MIRAGE, INC., a Delaware corporation ("Investor").

                                R E C I T A L S:

         WHEREAS, pursuant to that certain Unit Purchase Agreement (the "Unit
Agreement") dated as of February 22, 2005, Quest issued to Investor (i) a 7%
senior secured convertible promissory note due March 31, 2006 in the aggregate
principal amount of $200,000 (the "Unit Note"), and (ii) a Series A Warrant (the
"Series A Warrant") to purchase (a) up to 1,200,000 shares of Quest common
stock, par value $0.001 per share ("Common Stock") and (b) a Series B Warrant
(the "Series B Warrant") to purchase up to an additional 1,200,000 shares of
Common Stock;

         WHEREAS, pursuant to the Unit Agreement, Quest issued to Professional
Traders Fund, LLC ("PTF") (i) a 7% senior secured convertible promissory note
due April 18, 2006 in the aggregate principal amount of $50,000 (the "April Unit
Note"), and (ii) a Series A Warrant (the "April Series A Warrant") to purchase
(a) up to 150,000 shares of Common Stock and (b) a Series B Warrant to purchase
up to an additional 150,000 shares of Common Stock;

         WHEREAS, Investor contends that the April Unit Note and April Series A
Warrant were mistakenly issued to PTF and should have been issued to Investor;

         WHEREAS, PTF has already exercised the April Series A Warrant in its
own name;

         WHEREAS, on March 14, 2006, Investor exercised the Series A Warrant on
a "cashless" basis, pursuant to which Investor contends it was entitled to
receive (i) 400,000 shares of Common Stock and (ii) a Series B Warrant to
purchase 400,000 shares of Common Stock;

         WHEREAS, in connection with the Unit Agreement, Quest and Investor
entered into that certain Registration Rights Agreement dated as of February 22,
2005 (the "Unit Registration Rights Agreement") pursuant to which Quest agreed
to register the shares of Common Stock issuable to Investor upon conversion of
the Unit Notes, exercise of the Series A Warrants, and exercise of the Series B
Warrants;

         WHEREAS, Investor contends that Quest is currently in default under the
Unit Agreement and the Registration Rights Agreement;

         WHEREAS, Quest and Investor wish to settle and resolve all disputes
arising under the Unit Agreement (collectively, the "Prior Financings"), and any
and all documents related thereto (collectively, the "Prior Financing
Documents").

         NOW, THEREFORE, in consideration of the mutual agreements between the
parties, it is agreed as follows:
<PAGE>

1.       RESTRUCTURE. Pursuant to this Agreement, the parties agree to a
complete restructuring of the obligations under the Prior Financing Documents
thereunder, all to be effectuated through the issuance of amended and restated
instruments, new instruments, and common stock. This Agreement together with all
notes, security agreements, mortgages, guaranties, securities and other
documents and instruments executed to effectuate this Agreement shall be
referred to hereafter as the "Restructure Documents."

2.       CLOSING. Subject to all of the terms and conditions set forth in this
Agreement being satisfied, the closing of the transactions contemplated by this
Agreement (the "Closing") shall take place at the offices of the Quest's counsel
on such date, at such place and at such time (the "Closing Date") within two (2)
business days after the satisfaction or waiver of the last of the conditions set
forth in Sections 8 and 9 and hereof as shall be determined by the mutual
consent of the parties hereto.

3.       UNIT AGREEMENT RESTRUCTURING. In accordance with the terms of this
Agreement, Quest and Investor shall restructure all obligations under the Unit
Agreement (and all related documentation) as follows:

         3.1.     Amended and Restated Unit Notes. At Closing, Quest will sign
                  amended and restated Unit Notes (the "Amended and Restated
                  Unit Notes") in form and substance and payable on the terms
                  approved by Investor in the aggregate principal amounts of
                  $200,000, and $50,000, respectively, in favor of Investor,
                  which notes shall be payable on or before February 22, 2007
                  and April 18, 2007, respectively. These Amended and Restated
                  Unit Notes will initially be convertible into Common Stock
                  ("Unit Conversion Shares") at a rate of $.075 per share;
                  provided, however, that, in the event that the Market Price
                  (as defined herein) of Common Stock is less than $0.10 for ten
                  (10) consecutive trading days, the conversion price will be
                  reduced to $0.05 per share; provided, further, that if the
                  Market Price of Common Stock is less $0.05 for ten (10)
                  consecutive trading days, the conversion price will become the
                  lesser of (i) $0.05 per share and (ii) 70% of the average of
                  the 5 closing bid prices of Quest's common stock immediately
                  preceding such conversion date. In the event that the Market
                  Price of the Common Stock is less than $0.01 for ten (10)
                  consecutive trading days, the Amended and Restated Unit Notes
                  will become immediately due and payable. "Market Price" shall
                  mean the average of the closing bid prices of the Common Stock
                  as reported by Bloomberg LP for the principal securities
                  exchange or trading market for Common Stock. The conversion
                  price of the Amended and Restated Unit Note will be subject to
                  proportional adjustment for stock splits, stock dividends,
                  recapitalizations, and the like.

         3.2.     Issuance of Quest Common Stock. At Closing, to the extent not
                  already done so, Quest will issue to Investor share
                  certificates representing 400,000 shares of Common Stock per
                  Investor's exercise of the Series A Warrant to purchase
                  1,200,000 shares of Common Stock in full on a cashless basis
                  (the "Series A Warrant Shares").

                                       2
<PAGE>

         3.3.     Waiver of Rights under April Unit Warrant. The Investor
                  expressly waives any rights arising out of or relating to the
                  April Series A Warrant, any shares of common stock issuable
                  upon exercise of the April Series A Warrant, any Series B
                  Warrant issuable upon exercise of the April Series A Warrant,
                  or any shares of common stock issuable upon exercise of such a
                  Series B Warrant.

         3.4.     Termination of Unit Agreement. Each of Investor and Quest
                  agree that as of Closing, all of the provisions contained in
                  the Unit Agreement shall, solely as to Investor, be terminated
                  and of no further force and effect. In addition, Investor
                  hereby waives any and all right to any claims or damages
                  previously incurred under the Unit Agreement due to Quest's
                  default thereunder, including any defaults under the Unit
                  Registration Rights Agreement.

         3.5.     Termination of Unit Registration Rights Agreement. Each of
                  Investor and Quest agree that as of Closing, all of the
                  provisions contained in the Unit Registration Rights Agreement
                  shall, solely as to Investor, be terminated and of no further
                  force and effect. In addition, Investor hereby waives any and
                  all right to any Liquidated Damages previously incurred under
                  the Unit Registration Rights Agreement due to Quest's default
                  thereunder.

4.       Intentionally Omitted.
         ---------------------

5.       SECURITY. The performance of all covenants and agreements contained in
this Agreement and in the other documents executed or delivered as a part of
this transaction and the payment of the notes and all renewals, amendments and
modifications thereof shall continue to be secured under the following
previously executed documents: (i) Amended and Restated Security Agreement,
dated as of May 16, 2005 by and between Quest, Gwenco, QEL and ANC Group, Inc.
(the "Security Agreement"); and (ii) Term Loan Guaranty and Leasehold Mortgage,
Assignment of Leases and Subleases, Security Agreement and Fixture Filing dated
as of May 16, 2005 by Gwenco, Inc. to ANC Group, Inc. (the "Mortgage").

6.       SALES PURSUANT TO RULE 144.
         --------------------------

         6.1.     Restrictions on Sale. Investor agrees that until February 14,
                  2008, Investor and its affiliates shall not make any Net Sales
                  (as defined below) of Common Stock held by it on any single
                  day during such period, a number of shares of Common Stock in
                  excess of 30% of the five day daily trading volume of the
                  Common Stock (as reported by Bloomberg Financial Markets (or
                  any successor thereto)) on each day immediately preceding such
                  sale. "Net Sales" means, with respect to any date of
                  determination, the difference of (A) the number of shares of
                  Common Stock sold, including by way of short sales, or
                  otherwise transferred or disposed of, directly or indirectly,
                  on such date of determination by Investor and its affiliates
                  minus (B) the number of shares of Common Stock purchased,
                  directly or indirectly, on such date of determination by
                  Investor and its affiliates.

                                       3
<PAGE>

         6.2.     Rule 144. Quest shall file the reports required to be filed by
                  it under the Securities Act of 1933, as amended and the
                  Securities Exchange Act of 1934, as amended and the rules and
                  regulations adopted by the Securities and Exchange Commission
                  thereunder, and will take such further action as Investor may
                  reasonably request, all to the extent required from time to
                  time to enable Investor to sell share of Common Stock held by
                  it without registration under the Securities Act within the
                  limitation of the exemption provided by Rule 144 or Rule 144A.
                  Upon the request by Investor, Quest shall deliver to such
                  holder a written statement as to whether Quest has complied
                  with such requirements. In addition, if any shares of Common
                  Stock issuable under this Agreement, the Series A Warrants,
                  the Series B Warrants, or the Amended and Restated Unit Note,
                  may be resold in the absence of an effective registration
                  thereof under the Securities Act pursuant to Rule 144, then
                  upon the request by Investor, Quest shall deliver, at no cost
                  to Investor, to such holder an opinion of Quest's counsel to
                  that effect; provided, however, that Quest's obligation to
                  deliver such an opinion shall be conditioned upon Quest's
                  receipt of such documentation as Quest reasonably requests,
                  which shall include, but not be limited to, Investor's trading
                  records and/or confirmations to confirm that Investor has not
                  violated sales volume restrictions set forth in Section 6.1.

         6.3.     Holding Period. Quest agrees and stipulates that, for purposes
                  of Rule 144 of the Securities Act of 1933, as amended, any
                  shares of common stock issuable upon (i) conversion of
                  $200,000 in principal amount, and any accrued interest
                  thereon, under the Amended and Restated Unit Note are deemed
                  to have been acquired by Investor on February 22, 2005, the
                  date on which Investor initially loaned $200,000 to Quest
                  pursuant to the Unit Note, pursuant to Rule 144(d)(3)(ii) of
                  the Securities Act; (ii) conversion of $50,000 in principal
                  amount, and any accrued interest thereon, under the Amended
                  and Restated Unit Note are deemed to have been acquired by
                  Greenwood on April 18, 2005, the date on which the Investor
                  initially loaned $50,000 to Quest pursuant to the Unit Note,
                  pursuant to Rule 144(d)(3)(ii) of the Securities Act; and
                  (iii) upon cashless exercise of the Series A Warrant or Series
                  B Warrant are deemed to have been acquired on February 22,
                  2005, the date on which the Series A Warrant was issued,
                  pursuant to Rule 144(d)(3)(ii) of the Securities Act.

7.       RELEASES. The parties agree that the following releases will be
delivered at the Closing of the transactions contemplated herein:

         7.1.     Investor. Investor, on behalf of it itself and its
                  subsidiaries, affiliates, officers, directors, shareholders,
                  agents, employees, servants, attorneys and representatives, as
                  well as any respective heirs, personal representatives,
                  successors and assigns of any and all of them (the "Investor
                  Parties"), hereby releases, acquits, and discharges Quest and
                  its subsidiaries (including, but not limited to, QEL and
                  Gwenco), affiliates, officers, directors, shareholders,
                  agents, employees, servants, attorneys and representatives, as
                  well as any respective heirs, personal representatives,
                  successors and assigns of any and all of them (the "Quest
                  Parties") from any and all claims, demands, debts, actions,
                  causes of action, suits, contracts, agreements, obligations,

                                       4
<PAGE>

                  accounts, defenses, offsets against indebtedness and
                  liabilities of any kind or character whatsoever, known or
                  unknown, suspected or unsuspected, in contract or in tort, at
                  law or in equity, including without implied limitation, such
                  claims and defenses as fraud, mistake, duress and usury, which
                  the Investor Parties ever had, now have, or might hereafter
                  have against the Quest Parties which arise out of or relate to
                  the Prior Financings, except to the extent that the Prior
                  Financings are specifically amended and restated herein and
                  provision for payment is specifically made herein, in the
                  Amended and Restated Unit Note, or any other document,
                  instrument, agreement, or other papers issued, executed, or
                  delivered pursuant hereto.

         7.2.     QUEST. Quest, Gwenco, and QEL, on behalf of themselves and the
                  Quest Parties, hereby release, acquit, and discharge the
                  Investor Parties from any and all claims, demands, debts,
                  actions, causes of action, suits, contracts, agreements,
                  obligations, accounts, defenses, offsets against indebtedness
                  and liabilities of any kind or character whatsoever, known or
                  unknown, suspected or unsuspected, in contract or in tort, at
                  law or in equity, including without implied limitation, such
                  claims and defenses as fraud, mistake, duress and usury, which
                  the Quest Parties ever had, now have, or might hereafter have
                  against the Investor Parties which arise out of or relate to
                  the Prior Financings, except to the extent that the Prior
                  Financings are specifically amended and restated herein and
                  provision for payment is specifically made herein, in the
                  Amended and Restated Unit Note, or any other document,
                  instrument, agreement, or other papers issued, executed, or
                  delivered pursuant hereto.

8.       CONDITIONS OF CLOSING BY INVESTOR. The obligation of Investor to
perform this Agreement is subject to the continued performance by Quest of the
following conditions subsequent:

         8.1.     Restructure Documents. The Restructure Documents and all other
                  instruments and documents incidental to the transactions
                  contemplated hereby shall have been duly executed,
                  acknowledged (where appropriate), and delivered to Investor by
                  Quest, all in form and substance satisfactory to Investor.

         8.2.     Authority. Investor shall have received a certificate of
                  incorporation, certificate of good standing, a certified copy
                  of the bylaws and certified copies of corporate resolutions
                  and other documents reasonably required to authorize the
                  execution, delivery and performance of the Restructure
                  Documents by Quest, QEL, and Gwenco, all in form and substance
                  satisfactory to the Investor.

         8.3.     Representations and Warranties. The representations and
                  warranties of Quest set forth in this Agreement shall be true
                  and correct on and as of Closing.

         8.4.     Deliveries. Quest shall have delivered the following to
                  Investor:

                  8.4.1.   Note. The Amended and Restated Unit Notes;

                                       5
<PAGE>

                  8.4.2.   Resolutions. Copies of resolutions of the board of
                           directors of Quest authorizing the execution,
                           delivery and performance of the Restructure Documents
                           by Quest;

                  8.4.3.   Articles and Certificate. A copy of the articles of
                           incorporation of Quest, QEL, and Gwenco, and a
                           certificate of good standing as to Quest issued by
                           the secretary of state of Utah;

                  8.4.4.   Common Stock. The certificates representing the
                           Series A Warrant Shares in definitive form and
                           registered in the name of Investor.

                  8.4.5.   Instruction Letter. An irrevocable letter of
                           instruction to Quest's transfer agent regarding the
                           issuance of Common Stock issuable under this
                           Agreement, the Series A Warrants, the Series B
                           Warrants, and the Amended and Restated Unit Notes, in
                           form and substance satisfactory to Investor.

                  8.4.6.   Current Report on Form 8-K. A form of current report
                           on Form 8-K disclosing the execution of this
                           Agreement and the terms hereof, which Quest shall
                           file with the SEC within four (4) business days of
                           the Closing.

9.       CONDITIONS OF CLOSING BY QUEST. The obligations of Quest to perform
this Agreement and consummate the transactions contemplated hereby, is subject
to the performance by Investor of each of the following conditions subsequent:

         9.1.     Restructure Documents. The Restructure Documents and all other
                  instruments and documents incidental to the transactions
                  contemplated hereby shall have been duly executed,
                  acknowledged (where appropriate), and delivered to Quest by
                  Investor, all in form and substance satisfactory to Quest.

         9.2.     Authority. Quest shall have received certified copies of
                  corporate resolutions and other documents reasonably required
                  to authorize the execution, delivery and performance of the
                  Restructure Documents by Investor, all in form and substance
                  satisfactory to the Quest.

         9.3.     Representations and Warranties. The representations and
                  warranties of Investor set forth in this Agreement shall be
                  true and correct on and as of Closing.

         9.4.     Deliveries. Investor shall have delivered the following to the
                  Quest:

                  9.4.1.   Notes. The original executed Unit Note(s).

                  9.4.2.   Warrants. The original executed Series A Warrants and
                           Series B Warrants.

                                       6
<PAGE>

                  9.4.3.   Resolutions. Copies of resolutions of the board of
                           directors of Investor authorizing the execution,
                           delivery and performance of the Restructure Documents
                           by Investor.

10.      REPRESENTATIONS AND WARRANTIES OF QUEST COMPANIES. To induce Investor
to enter into this Agreement and, Quest, QEL, and Gwenco (collectively, the
"Quest Companies") represent and warrant to Investor that:

         10.1.    Existence and Power. Each Quest Company is a corporation duly
                  incorporated and validly existing in good standing under the
                  laws of its jurisdiction of incorporation and is authorized
                  and qualified to do business in each state where, because of
                  the nature of the activities or assets, such qualification is
                  required, except those states where failure to so qualify will
                  not have a material adverse effect; each Quest Company has
                  adequate authority, power and legal right to enter into,
                  execute, deliver and perform the terms of the Restructure
                  Documents, to borrow money and to give security for borrowings
                  as contemplated by the Restructure Documents and to consummate
                  the transactions contemplated thereby, and in doing so, no
                  Quest Company will violate any law or the provisions of any
                  articles, charter or bylaws. The Restructure Documents, upon
                  their execution and delivery, will constitute valid, legal and
                  binding obligations of each Quest Company, enforceable in
                  accordance with their terms, subject only to applicable
                  bankruptcy, insolvency or similar laws generally affecting the
                  enforcement of creditor's rights.

         10.2.    Full Disclosure. Neither this Agreement, the other Restructure
                  Documents nor any statement or documents referred to herein or
                  delivered to Investor by the Quest Companies, or any other
                  party on their behalf contains any untrue statement or omits
                  to state a material fact necessary to make the statements
                  herein or therein not misleading.

         10.3.    SEC Reports and Financial Statements.
                  ------------------------------------

                  10.3.1.  Quest has delivered or made available to Investor
                           accurate and complete copies (excluding copies of
                           exhibits) of each report, registration statement, and
                           definitive proxy statement filed by the Company with
                           the United States Securities and Exchange Commission
                           ("SEC") since January 1, 2004 (collectively, with all
                           information incorporated by reference therein or
                           deemed to be incorporated by reference therein, the
                           "SEC Reports"). All statements, reports, schedules,
                           forms and other documents required to have been filed
                           by Quest with the SEC have been so filed. As of the
                           time it was filed with the SEC (or, if amended or
                           superseded by a filing prior to the date of this
                           Agreement, then on the date of such filing): (i) each
                           of the SEC Reports complied in all material respects
                           with the applicable requirements of the Securities
                           Act of 1933, as amended, or the Securities Exchange
                           Act of 1934, as amended; and (ii) none of the SEC
                           Reports contained any untrue statement of a material
                           fact or omitted to state a material fact required to
                           be stated therein or necessary in order to make the
                           statements therein, in the light of the circumstances
                           under which they were made, not misleading.

                                       7
<PAGE>

                  10.3.2.  Except for the pro forma financial statements, the
                           consolidated financial statements contained in the
                           SEC Reports: (i) complied as to form in all material
                           respects with the published rules and regulations of
                           the SEC applicable thereto; (ii) were prepared in
                           accordance with GAAP applied on a consistent basis
                           throughout the periods covered (except as may be
                           indicated in the notes to such financial statements
                           and, in the case of unaudited statements, as
                           permitted by Form 10-QSB of the SEC, and except that
                           unaudited financial statements may not contain
                           footnotes and are subject to normal and recurring
                           year-end audit adjustments which will not,
                           individually or in the aggregate, be material in
                           amount); and (iii) fairly present, in all material
                           respects, the consolidated financial position of the
                           Company and its consolidated subsidiaries as of the
                           respective dates thereof and the consolidated results
                           of operations of Quest and its consolidated
                           subsidiaries for the periods covered thereby. All
                           adjustments considered necessary for a fair
                           presentation of the financial statements have been
                           included.

         10.4.    Liens. The Collateral (as defined in the Security Agreement)
                  has been duly and validly assigned, delivered and pledged by
                  Quest under the Security Agreement, and the Security
                  Agreement, together with such assignment, delivery and pledge,
                  creates a valid security interest in the Collateral.

         10.5.    Leases. Within thirty days of the Closing, Gwenco shall
                  deliver to Investor true and correct copies of all leases
                  described in the Mortgage (the "Leases"). Except as set forth
                  on Schedule 10.5 hereto (which the Quest Companies may
                  supplement or amend currently with the delivery of the
                  Leases), the Leases are legal, valid, binding, and in full
                  force and effect and enforceable by Gwenco in accordance with
                  their respective terms, except as such may be limited by
                  bankruptcy, insolvency, reorganization or other laws affecting
                  creditors' rights generally and by general equitable
                  principles.

         10.6.    Survival of Representations. All representations and
                  warranties made by Quest herein will survive the Closing, and
                  any investigation at any time made by or on behalf of Investor
                  will not diminish Investor's right to rely thereon. All
                  statements contained in any certificate or other instrument
                  delivered by or on behalf of Quest under or pursuant to this
                  Agreement or in connection with the transactions contemplated
                  hereby will constitute representations and warranties made by
                  Quest hereunder.

11.      REPRESENTATIONS AND WARRANTIES OF INVESTOR. To induce Quest to enter
into this Agreement, Investor represents and warrant to Quest that:

         11.1.    Existence and Power. Investor is and will continue to be a
                  corporation duly formed and validly existing in good standing
                  under the laws of Delaware and is authorized and qualified to

                                       8
<PAGE>

                  do business in each state where, because of the nature of the
                  activities or assets, such qualification is required, except
                  those states where failure to so qualify will not have a
                  material adverse effect; Investor has adequate authority,
                  power and legal right to enter into, execute, deliver and
                  perform the terms of the Restructure Documents and to
                  consummate the transactions contemplated thereby. The
                  Restructure Documents, upon their execution and delivery, will
                  constitute valid, legal and binding obligations of Investor,
                  enforceable in accordance with their terms, subject only to
                  applicable bankruptcy, insolvency or similar laws generally
                  affecting the enforcement of creditor's rights.

         11.2.    Information on Subscriber. Investor is, and will be at the
                  time of the conversion of the Amended and Restated Unit Note,
                  an "accredited investor", as such term is defined in
                  Regulation D promulgated by the Securities and Exchange
                  Commission under the Securities Act of 1933, as amended, is
                  experienced in investments and business matters, has made
                  investments of a speculative nature and has purchased
                  securities of United States publicly-owned companies in
                  private placements in the past and, with its representatives,
                  has such knowledge and experience in financial, tax and other
                  business matters as to enable Investor to utilize the
                  information made available by the Quest to evaluate the merits
                  and risks of and to make an informed investment decision with
                  respect to the proposed purchase, which represents a
                  speculative investment. Investor has the authority and is duly
                  and legally qualified to purchase and own the Amended and
                  Restated Unit Note, Series A Warrant Shares, the Series B
                  Warrant Shares, and the Unit Conversion Shares (collectively,
                  the "Securities"). Investor is able to bear the risk of such
                  investment for an indefinite period and to afford a complete
                  loss thereof.

         11.3.    Purchase of Securities. On the Closing Date, Investor will
                  acquire the Amended and Restated Unit Note, and the Series A
                  Warrant Shares as principal for its own account for investment
                  only and not with a view toward, or for resale in connection
                  with, the public sale or any distribution thereof.

         11.4.    Compliance with Securities Act. Investor understands and
                  agrees that the Securities have not been registered under the
                  Securities Act of 1933, as amended or any applicable state
                  securities laws, by reason of their issuance in a transaction
                  that does not require registration under the Securities Act of
                  1933, as amended (based in part on the accuracy of the
                  representations and warranties of Investor contained herein),
                  and that such Securities must be held indefinitely unless a
                  subsequent disposition is registered under the Securities Act
                  of 1933, as amended or any applicable state securities laws or
                  is exempt from such registration.

         11.5.    Shares Legend. The Series A Warrant Shares, the Series B
                  Warrant Shares, and the Unit Conversion Shares, shall bear the
                  following or similar legend:

                  "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE
                  SHARES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
                  HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
                  STATEMENT UNDER SUCH SECURITIES ACT OR ANY APPLICABLE STATE
                  SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY
                  SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
                  REQUIRED."

                                       9
<PAGE>

         11.6.    Intentionally Omitted.
                  ---------------------

         11.7.    Note Legend. The Amended and Restated Unit Note shall bear the
                  following legend:

                  "THIS NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF
                  THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
                  1933, AS AMENDED. THIS NOTE AND THE COMMON SHARES ISSUABLE
                  UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR
                  SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
                  REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN
                  OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT
                  SUCH REGISTRATION IS NOT REQUIRED."

         11.8.    Communication of Offer. The offer to sell the Securities was
                  directly communicated to the Investor by Quest. At no time was
                  Investor presented with or solicited by any leaflet, newspaper
                  or magazine article, radio or television advertisement, or any
                  other form of general advertising or solicited or invited to
                  attend a promotional meeting otherwise than in connection and
                  concurrently with such communicated offer.

         11.9.    Restricted Securities. Investor understands that the
                  Securities have not been registered under the Securities Act
                  of 1933, as amended and Investor will not sell, offer to sell,
                  assign, pledge, hypothecate or otherwise transfer any of the
                  Securities unless pursuant to an effective registration
                  statement under the Securities Act of 1933, as amended

         11.10.   No Governmental Review. Investor understands that no United
                  States federal or state agency or any other governmental or
                  state agency has passed on or made recommendations or
                  endorsement of the Securities or the suitability of the
                  investment in the Securities, nor have such authorities passed
                  upon or endorsed the merits of the offering of the Securities.

12.      MISCELLANEOUS. It is further agreed as follows:

                                       10
<PAGE>

         12.1.    Non-disparagement. The Quest Parties hereby agree not to
                  disparage, portray in a negative light, or take any action
                  that is intended to disparage or portray in a negative light
                  the Investor, whether such disparagement, portrayal,
                  communication or action is made publicly or privately,
                  including without limitation, in any and all interviews, oral
                  statements, written materials, electronically-displayed
                  materials, and materials or information displayed on
                  Internet-related sites. Similarly, the Investor Parties will
                  not disparage, portray in a negative light, or take any action
                  that is intended to disparage or portray in a negative light
                  the Quest Parties, whether such disparagement, portrayal,
                  communication or action is made publicly or privately,
                  including without limitation, in any and all interviews, oral
                  statements, written materials, electronically-displayed
                  materials, and materials or information displayed on
                  Internet-related sites. Notwithstanding anything in this
                  Section 12.1 to the contrary, neither party to this Settlement
                  Agreement will be prevented from making statements required by
                  law or that such person is advised by counsel should be made
                  or are appropriate to make in any proceeding to which such
                  person is a party and which such person believes are truthful
                  and are supportable by evidence, including complying with any
                  court order, subpoena, or government investigation, or from
                  complying with the requirements of any applicable law or
                  common law duty.

         12.2.    Remedies upon Default/Liquidated Damages. Notwithstanding
                  anything in the Amended and Restated Unit Note to the
                  contrary, the Amended and Restated Unit Note shall become
                  immediately due and payable upon material breach of any the
                  terms of this Agreement or any documents executed in
                  connection herewith. In addition, if any Quest Party should
                  unreasonably refuse to honor its obligations under this
                  Agreement or any of the related documents executed in
                  connection herewith, then the Investor, and each other person
                  (each a "Settling Investor" and collectively the "Settling
                  Investors") who purchased Units and who enters into a
                  settlement agreement substantially identical in general terms
                  to this Agreement, shall be, in the aggregate, entitled to
                  $100,000, as liquidated damages ("Liquidated Damages"). The
                  $100,000 shall be distributed pro-rata to the Settling
                  Investors based on the amounts of their respective investments
                  in the Units.

         12.3.    Recitals. The recitals are hereby acknowledged by the parties
                  to be true and correct and are adopted and incorporated herein
                  as material terms of this Agreement.

         12.4.    Hold Harmless. Each party hereby agrees to indemnify and hold
                  any other party to this Agreement harmless from all liability,
                  loss, damage or expense, including reasonable attorney's fees,
                  whether incurred under retainer, salary or otherwise, that
                  such party may incur in good faith in compliance with or the
                  enforcement of the terms of this Agreement or any of the
                  Restructure Documents.

         12.5.    Supersession. It is agreed and understood between Quest and
                  Investor that: (a) except to the extent the Prior Financing
                  Documents are amended hereby, at and after the Closing, the
                  Prior Financings will remain in full force and effect; and (b)
                  the execution of this Agreement will not discharge, interrupt,
                  impair, abate or otherwise modify the priority or the validity
                  of any lien or security interest securing payment of the
                  indebtedness evidenced by the Prior Financing Documents.

                                       11
<PAGE>

         12.6.    Notices. All notices, requests and demands will be served by
                  first class or express mail, postage prepaid, or sent by
                  telex, telegram, telecopy or other similar form of rapid
                  transmission confirmed by mailing written confirmation at
                  substantially the same time as such rapid transmission, as
                  follows:

                  Quest -                   Quest Minerals & Mining Corp.
                                            18B 5th Street
                                            Paterson, NJ 07524
                                            Telephone:  (973) 684-0075
                                            Attention: Eugene Chiaramonte, Jr.
                                            Facsimile:  (973) 684-8009

                  With a copy to -          Marc A. Indeglia
                                            Spectrum Law Group, LLP
                                            1900 Main Street, Suite 125
                                            Irvine, CA 92614
                                            Fax:  (949) 851-5940

                  Investor -                First Mirage, Inc.
                                            333 Sandy Springs Circle, Suite 230
                                            Atlanta, GA 30328
                                            Attn:  David A. Rapaport
                                            Fax: (404) 257-9125

                  or at such other address as any party designates for such
                  purpose in a written notice to the other parties. Notices will
                  be deemed to have been given on the date notice is sent by
                  rapid transmission or three business days after notice is
                  placed in the mail, properly addressed, postage prepaid.

         12.7.    Construction. Nothing contained in this Agreement will be
                  construed to constitute Investor as a joint venturer with
                  Quest or to constitute a partnership. The descriptive headings
                  of the paragraphs of this Agreement are for convenience only
                  and are not to be used in the construction of the content of
                  this Agreement. This Agreement may be executed in multiple
                  counterparts, each of which will be an original instrument,
                  but all of which will constitute one agreement.

         12.8.    Venue. This Agreement and the documents issued hereunder are
                  executed and delivered as an incident to a lending transaction
                  negotiated and to be performed in New York, New York. The
                  Restructure Documents are intended to constitute a contract
                  made under the laws of the State of New York and to be
                  construed in accordance with the internal laws of said state.
                  Quest and Investor hereby waive all objections and irrevocably
                  consent to the jurisdiction and venue of any state or federal
                  court sitting in New York, New York.

                                       12
<PAGE>

         12.9.    Attorney's Fees. The prevailing party in any proceeding
                  instituted to resolve any dispute between any of the parties
                  arising out of or relating to this Agreement shall be
                  entitled, in addition to any award rendered, to all reasonable
                  attorneys' fees, costs and expenses incurred in connection
                  with any such proceeding.

         12.10.   Severability. In case any one or more of the provisions
                  contained in the Restructure Documents should be invalid,
                  illegal or unenforceable in any respect in any jurisdiction,
                  the validity, legality and enforceability of such provision or
                  provisions will not in any way be affected or impaired thereby
                  in any other jurisdiction; and the validity, legality and
                  enforceability of the remaining provisions contained herein
                  and therein will not in any way be affected or impaired
                  thereby.

         12.11.   No Oral Modification. This Agreement may not be amended,
                  altered, modified or changed verbally, but only by an
                  agreement in writing signed by the party against whom
                  enforcement of any amendment, waiver, change, modification or
                  discharge is sought.

         12.12.   Exclusive Benefit. All provisions of the Restructure Documents
                  are for the sole and exclusive benefit of the Quest and
                  Investor, and no other person will have standing to require
                  satisfaction of the provisions thereof or be entitled to
                  assume that advances thereunder will not be made by the Lender
                  in the absence of strict compliance with the provisions of the
                  Restructure Documents. Any and all provisions of the
                  Restructure Documents may be waived by the Investor in whole
                  or in part at any time if, in the sole discretion of the
                  Investor, it is advisable to do so.

         12.13.   Binding Effect. This Agreement will be binding on Quest and
                  their successors and permitted assigns and will inure to the
                  benefit of the Investor, and Investor's successors and
                  assigns.

                                       13
<PAGE>

         12.14.   Counterparts. This Agreement may be executed in multiple
                  counterparts, each of which will be an original instrument,
                  but all of which will constitute one agreement. The parties to
                  this Agreement may rely upon original, fax, digital or scanned
                  signatures in the execution of this Agreement.

         IN WITNESS WHEREOF, Quest and Investor have duly executed this
Agreement effective the date first above written.

                                       QUEST MINERALS & MINING CORP.,
                                       a Utah corporation

                                       By: /s/ EUGENE CHIARAMONTE, JR.
                                           -------------------------------------
                                           Name:  Eugene Chiaramonte, Jr.
                                           Title: Vice President

                                       GWENCO, INC., a Kentucky corporation

                                       By: /s/ EUGENE CHIARAMONTE, JR.
                                           -------------------------------------
                                           Name:  Eugene Chiaramonte, Jr.
                                           Title: Vice President

                                       QUEST ENERGY, LTD., a Kentucky
                                       corporation

                                       By: /s/ EUGENE CHIARAMONTE, JR.
                                           -------------------------------------
                                           Name:  Eugene Chiaramonte, Jr.
                                           Title: Vice President

                                       FIRST MIRAGE, INC.

                                       By: /s/ DAVID RAPPAPORT
                                           -------------------------------------
                                           Name:  David Rappaport
                                           Title: President

                                       14

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