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Meeting with Kemes Rakishov ­
Son in Law of the Former Prime Minister of Kazakstan, Current Mayor of
Astana, and likely future President of Kazakstan; Imangali Tasmagambetov

Location: Four Seasons Hotel Lobby (southwest lobby sitting area; to
the left as you enter from 57th)
Date: Thursday, April 26, 2012
Time: 1:30pm ­ 2:30pm

Hunter -
I covered four areas with Kemes today, the first general background and
three specific investment/partnership options; and then he brought up one
additional option for investment partnership to pursue. We had what I
thought was a very productive 90 minute meeting. The meeting went as
followed in order ­
· Hello¹s

· History and background of Rosemont Seneca Partners

o General overview of NYC and DC backgrounds and genesis of the
organization

o Talent driven thematic alternative investment manager

o Highlighted SPVs, PE Co-Invest Fund and TALF Fund as funds completed
successfully currently in harvest. Tabled as opportunities to revisit down
the line

o Explained we are looking to partner with a sophisticated foreign capital
source on our platform. Kemes mentioned he is looking for a US partner as
well.

· Rosemont Seneca Technology Partners

o Explained we would be interested in developing GP partnership for
significant investment ($50mm ­ $75mm +)

o Kemes was extremely interested in developing GP relationship and
exploring a joint strategy for technology investing (early stage thru pre
IPO). Very interested in being part of distinct Silicon Valley club.

· Rosemont Realty

o Gave general background and he volunteered introductions but suggested
he not an expert and has limited interest

· Prospect Global Resources

o Discussed my role on the Board and as an early investor

o Kemes was extremely interested in investing in the next round of PGRX
and doing a stock swap for a comparable size 1 billion tonne greenfield
potash mine in Kazakhstan. (I think you bringing Kemes to Prospect with
funding and the stock resource swap concept is a huge opportunity)

· SPAC

o Kemes was very interested in developing a US based (or TSX) publicly
traded SPAC to identify assets from Kazakstan and the region for listing.