EX-10 2 ex10-6.txt Exhibit 10.6 TRUST AGREEMENT Between: Tom Lewis 1958 Newhaven Loop Richland, WA 99352 (Herein after referred to as Lewis) and: Lithium Corporation 5976 Lingering Breeze St., Las Vegas, NV 89148 (Herein after referred to as Lithium Corp) Whereas, Lewis 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 Lewis 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 Lewis 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 Lewis 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 Lewis 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) Lewis 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. Lewis 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/ John Hiner /s/ Tom Lewis -------------------------------- -------------------------------- John Hiner Tom Lewis 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