Exhibit 10.6
TRUST AGREEMENT
Between:
▇▇▇ ▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
(Herein after referred to as ▇▇▇▇▇)
and:
Lithium Corporation
▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇.,
▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇
(Herein after referred to as Lithium Corp)
Whereas, ▇▇▇▇▇ has staked mineral claims (the BC Sugar block) in British
Columbia, a jurisdiction wherein Lithium Corp is not a recognized entity for the
purposes of staking, and maintaining such claims, and is desirous that ▇▇▇▇▇
manage these claims on the company's behalf until such time as it creates a
subsidiary entity which may take assignment of these claims. Additionally
pursuant to an agreement dated March 15, 2013 ▇▇▇▇▇ optioned the Mt Heimdal
block of mineral claims in British Columbia to Lithium Corp., holding them in
trust until such time as Lithium Corp earned a 100% interest in the block,
subject to a 1.5% Net Smelter Royalty
▇▇▇▇▇ hereby declares that he is holding all claims outlined in Schedule "A"
attached hereto in trust for Lithium Corporation. Also he acknowledges that
Lithium Corporation is the sole owner of the BC Sugar block of claims registered
in his name, and that he has no ownership interest of any sort in these claims
▇▇▇▇▇ also agrees that although Lithium Corp has not fulfilled its obligations
under the March 15, 2013 Option agreement on the Mt Heimdal block that he will
assign a 100% interest in the block subject to a 2% Net Smelter Royalty (NSR)
▇▇▇▇▇ hereby endeavors to assist Lithium Corporation in the maintenance of these
claims, but does not assume any financial responsibility in that respect, and
Lithium Corporation will forward any sums necessary to maintain them in good
standing, for so long as they are desirous to maintain them.
▇▇▇▇▇ also agrees to transfer title to these claims to any entity that Lithium
Corp directs in the future
Dated this 30th day of August 2013,
/s/ ▇▇▇▇ ▇▇▇▇▇ /s/ ▇▇▇ ▇▇▇▇▇
-------------------------------- --------------------------------
▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇
Lithium Corporation
SCHEDULE "A" MINERAL CLAIMS
BC SUGAR BLOCK
CLAIM NAME TENURE # HECTARES
---------- -------- --------
GR1CH 1019890 20.5743
GRICH 2 1020105 61.7265
GPOWER 1020106 411.3772
GNORMOUS 1020112 514.2159
GRAD 1020113 370.3664
GLOVELY 1020510 246.7708
GMABEL 1020412 411 3344
GRENDOUS 1021797 904.9545
GPARK 1021798 740.4368
GNU 1021800 1089 6107
GPARKN 1021803 1110.1589
GMONGOUS 1021805 1726.8485
MT HEIMDAL BLOCK
CLAIM NAME TENURE # HECTARES
---------- -------- --------
HEIMDAL 1 870969 501.63
HEIMDAL 2 870991 292.59
HEIMDAL 3 871010 250.79
