Amended Trust Agreement between Larry Sostad and Earth Dragon Resources Inc. regarding Mountain Queen Lode Mining Claim
This agreement is between Larry Sostad, as Trustee, and Earth Dragon Resources Inc. It amends a previous trust agreement, confirming that Sostad holds the Mountain Queen Lode Mining Claim in Nevada in trust for Earth Dragon, following a payment of $6,500,000. Earth Dragon is responsible for maintaining the claim, including all filings and required work. The agreement is governed by Nevada law, with any disputes to be resolved in Clark County courts.
Exhibit 10.2
AMENDED TRUST AGREEMENT
BETWEEN:
LARRY SOSTAD (Trustee)
AND:
EARTH DRAGON RESOURCES INC. (Earth Dragon)
IT IS AGREED THAT:
The Trust Agreement dated March 3, 2008 is amended hereby in its entirety.
LARRY SOSTAD currently owns holds personally the Mineral Rights to the Mountain Queen Lode Mining Claim, located in Clark County Nevada, registered in the Certificate of Location Book & Instrument #20071130-0003367 in Map Book and instrument # 2007113000-00033366.
| Lode Mining Claim Name | Claim Number | Expiry Date |
| Mountain Queen | NMC#980946 | September 1, 2009 |
| (the Claim) | ||
The Trustee, for a payment of US$6,500.000 hereby does declare and hold upon trust the aforementioned Claim on behalf of Earth Dragon from this day forward.
Earth Dragon shall have the responsibility to keep the Claim in good standing in terms of filing and work and all other requirements.
The laws of the state of Nevada will govern the terms of this Amended Trust Agreement and the parties consent to jurisdiction and venue of any action arising out of the terms of this Amended Trust Agreement by in the state or federal courts of Clark County, Nevada.
DATED at Las Vegas, Nevada.
Acknowledged and agreed to this
1st day of September 2008.
EARTH DRAGON RESOURCE INC.
YUAN KUN DENG
Per: Authorized Signatory (ies)
LARRY SOSTAD
LARRY SOSTAD
