RAMEX PORTFOLIO LEGEND PROPERTY #4 QUITCLAIM D
Post# of 868
Posted On: 02/12/2016 12:50:04 PM
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
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
(1)
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