Contract Extension Agreement between Prospect Silica Enterprises, Inc. and Q Lotus Holdings, Inc.
Prospect Silica Enterprises, Inc. and Q Lotus Holdings, Inc. have agreed to extend their existing contract by three months, moving the expiration date to April 30, 2014. Both parties have also agreed to waive any previous defaults under the contract. The extension is intended to benefit both companies and is effective from February 1, 2014.
EXHIBIT 10.52
PROSPECT SILICA ENTERPRISES, INC.
February 1, 2014
Contract Extension
| To: | Q lotus Holdings Inc. |
520 N. Kingsbury Street, Ste. 1810
Chicago, IL 60654
Attn: Mr. Gary Rosenberg and Jorge Gonzalez.
Re: 3 month extension via current contract.
We at Prospect Silica Enterprises Inc. by way of the board of directors have called a special meeting regarding the extension and approval of time.
The parties hereto hereby waive all past defaults and extend the Contract to a revised expiration date of April 30, 2014.
The extension is approved for an additional 3 months starting February 1, 2014 and is hereby extended to April 30, 2014. It is our desire that this contract extension will be beneficial to all parties.
Sincerely,
PROSPECT SILICA ENTERPRISES, INC.
Ron Gibson,
President
AGREED AND ACCEPTED:
Q LOTUS HOLDINGS, INC.
| Gary Rosenberg, | Jorge Gonzalez, | |
| Chief Executive Officer | Chief Financial Officer |
201 FOREST CREEK RD, JACKSONVILLE, OR 97530
