Document:

Exhibit 10.11

Exhibit 10.11 

PROMISSORY NOTE

$15,000 United States Dollars

September 16, 2008

FOR VALUE RECEIVED, the undersigned, DYNAMIC GOLD CORP. ("Company"), hereby promises to pay to Tim Coupland (herein referred to as the "Payee"), the principal amount of fifteen thousand ($15,000) dollars in United States currency in accordance with and subject to the terms, conditions and limitations as set forth in the loan agreement (the "Agreement") dated September 16, 2008, between Company and the Payee. Except as otherwise specified herein, interest under this promissory note ("Note") shall accrue on the unpaid principal balance hereof from time to time outstanding from and after the date of advance, default and judgment at the rate of ten (10%) percent per annum until the balance due plus accrued interest has been paid in full. Interest shall be computed on the daily principal balance on the basis of a 365 day calendar year for the actual number of days elapsed. Interest shall be payable after maturity, default and judgment, with interest payable on overdue interest at the same rate. All payments under this Note shall be paid to Payee at the address provided by Payee to Company in writing on the date hereof, until such time as Payee notifies Company in writing of a new address at which to make such payments.

No delay or omission on the part of Payee or any holder thereof in exercising any right or portion herein given to such Payee or holder shall impair such right or option or be considered as a waiver thereof or acquiescence in any default hereunder. Company hereby waives presentment, demand, notice of dishonour and protest and consents to any and all extensions and renewals hereof without notice.

Repayment of the principal amount hereof shall be limited in recourse in accordance with and subject to the terms, conditions and limitations as set forth in the Agreement.

This Note shall enure to the benefit of the parties' heirs, executors, administrators and successors but is otherwise non-transferable without the prior written consent of the Payee which consent shall not be umeasonably withheld.

This Note shall be construed, interpreted and governed in accordance with the laws of the Province of Alberta and Canada applicable therein.

If anyone or more provisions of this Note are determined to be unenforceable, in whole or in part, for any reason, the remaining provisions of this Note shall remain in full force and effect. In the event of a default hereunder, Company agrees to pay all costs of collection including reasonable attorneys' fees. Irrespective of any remedy specifically granted to Payee by this Note, Payee shall be entitled to exercise all other remedies provided to it under applicable law. All rights of Payee shall be cumulative and may be exercised concurrently or consecutively at Payee's option.

THIS NOTE HAS BEEN EXECUTED, DELIVERED AND ACCEPTED AT CALGARY, ALBERTA AND SHALL BE INTERPRETED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAW PROVISIONS) OF THE PROVINCE OF CALGARY, ALBERTA.

DYNAMIC GOLD CORP.

Per:              / s / Chantal Schutz               c/s

              Authorized signatureExhibit 10.12

Exhibit 10.12 

TRUST AGREEMENT

THIS AGREEMENT dated for reference the 16th day of September, 2008. 

BETWEEN: 

DYNAMIC GOLD CORP., a company duly incorporated under the laws of the State of Nevada and having a registered office at 506 – 675 West Hastings Street, Vancouver, British Columbia, Canada V6B 1N2.

 

("Dynamic")

DYNAMIC GRAVEL HOLDINGS LTD., a company duly incorporated under the laws of the Province of Alberta and having an office at 506 – 675 West Hastings Street, Vancouver, British Columbia, Canada V6B 1N2.

(“Dynamic Gravel”)

AND: 

TIMOTHY COUPLAND, businessman, having an office at 506 – 675 West Hastings Street, Vancouver, British Columbia, Canada V6B 1N2.

("Trustee") 

WHEREAS: 

A. 

On January 8, 2008, Dynamic Gravel, a wholly owned subsidiary of Dynamic, acquired from Farshad Shirvani a 100% interest in two gravel claims called the Northern Gravel Claims and Super Mammoth Gravel Claims, which mining claims are more particularly described in Schedule "A" attached hereto, (together the “Super Mammoth Gravel Claims”), for $25,000 pursuant to a purchase and sale agreement between the parties;

B. 

Dynamic through Dynamic Gravel is interested exploring and developing the Super Mammoth Gravel Claims in the Province of British Columbia but does not wish to incur the cost or liability incurred through the establishment of a British Columbia subsidiary or registering Dynamic Gravel as an extra-provincial corporation in the Province of British Columbia at this early stage of its corporate development; 

C. 

Trustee is willing and legally capable of acting as a trustee for Dynamic and Dynamic Gravel to hold the Super Mammoth Gravel Claims on behalf of Dynamic and Dynamic Gravel until such time as the Dynamic is properly able to evaluate the merits of owning the claims in its own name or that of a subsidiary; 

D. 

Trustee, acting as Trustee for Dynamic Gravel and Dynamic, has agreed to register as the holder of 100% of the right, title and interest in and to the Super Mammoth Gravel Claims under The Mineral Tenure Act of British Columbia and hold these claims in trust for Dynamic and Dynamic Gravel; and 

E. 

Dynamic, Dynamic Gravel and Trustee now wish to enter into a trust agreement whereby Trustee would hold title in trust for Dynamic and Dynamic Gravel the Super Mammoth Gravel Claims on the terms and conditions as hereinafter set forth. 

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the mutual promises, covenants and agreements herein contained, the parties hereto agree as follows: 

1. 

REPRESENTATIONS AND WARRANTIES

1.1 Dynamic and Dynamic Gold represents and warrants to Trustee respectively that:

(a) 

it is a body corporate duty incorporated, organized and validly subsisting under the laws of its incorporating jurisdiction; and 

(b) 

it has full power and authority to carry on its business and to enter into this Agreement and any agreement or instrument referred to or contemplated herein. 

1.2 

Trustee represents and warrants to Dynamic and Dynamic Gravel that Trustee is legally capable and has the full power and authority to carry on as a trustee and to hold the mineral claims as a trustee on behalf of Dynamic and Dynamic Gravel and to enter into this Agreement and any agreement or instrument referred to or contemplated herein. 

1.3 

The representations and warranties hereinbefore set out are conditions on which the parties have relied in entering into this Agreement and each party will indemnify and save the other party harmless from all loss, damage, costs, actions and suits arising out of or in connection with any breach or any representation, warranty, covenant, agreement or condition made by the other party and contained herein. 

2. TERMINATION 

2.1 

This Agreement will terminate on: 

(a) 

January 01, 2012, unless on or before that date; or 

(b) 

on the date that Dynamic and Dynamic Gravel terminates in writing this agreement; or 

(c) 

the date on which Dynamic incorporates a British Columbia subsidiary to hold Dynamic's interest in the Super Mammoth Gravel Claims and transfers such interest to the subsidiary. 

3. COVENANTS OF DYNAMIC

3.1 

Dynamic and Dynamic Gravel will keep the Super Mammoth Gravel Claims free and clear of all liens, charges and encumbrances arising from their operations hereunder and in good standing by the doing and filing of all necessary work and by the doing of all other acts and things and making all other payments which may be necessary in that regard. 

4. COVENANTS OF TRUSTEE

4.1 

Trustee will not do any act or thing which would or might in any way adversely affect the rights of Dynamic or Dynamic Gravel hereunder. 

5. FURTHER ASSURANCES 

5.1 

The parties hereto agree that they and each of them will execute all documents and do all acts and things within their respective powers to carry out and implement the provisions or intent of this Agreement.

6. NOTICE 

6.1 

Any notice, direction or other instrument required or permitted to be given under this Agreement will be in writing and will be given by the delivery or facsimile transmission or the same or by mailing the same by prepaid registered or certified mail in each case addressed as follows: 

(a) 

if to Dynamic or Dynamic Gravel:

506 – 675 West Hastings Street

Vancouver, British Columbia

Canada V6B 1N2

(b) 

if to Tim Coupland:

506 – 675 West Hastings Street

Vancouver, British Columbia

Canada V6B 1N2

6.2 

Any notice, direction or other instrument aforesaid will, if delivered by courier or facsimile transmission, be deemed to have been given and received on the next business following the day on which it was delivered or sent by facsimile, and if mailed, be deemed to have been given and received on the tenth business day following the day of mailing, except in the event of disruption of the postal services in which event notice will be deemed to be received only when actually received. 

6.3 

Any party may at any time give to the other notice in writing of any change of address of the party giving such notice and from and after the giving of such notice, the address or addresses therein specified will be deemed to be the address of such party for the purpose of giving notice hereunder. 

7. HEADINGS 

7.1 

The headings to the respective sections herein will not be deemed part of this Agreement but will be regarded as having been used for convenience only. 

8. ENUREMENT 

8.1 

This Agreement will enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. 

9. TERMS 

9.1 

The terms and provisions of this Agreement shall be interpreted in accordance with the laws of British Columbia. 

10. ENTIRE AGREEMENT 

10.1 

This Agreement constitutes the entire agreement between the parties and replaces and supersedes all prior agreements, memoranda, correspondence, communications, negotiations and representations, whether verbal or written, express or implied, statutory or otherwise between the parties with respect to the subject matter herein. 

11. TIME OF ESSENCE 

11.1 

Time will be of the essence in this Agreement. 

Continued on Next Page...

12. ENFORCEMENT OF AGREEMENT 

12.1 

The covenants, promises, terms and conditions contained herein will be binding upon the parties jointly and severally and may be enforced by each as against each other inter se. 

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written. 

			
	  

	DYNAMIC GOLD CORP.

	 

	BY:  

	

/s/ Tim Coupland

	  

	 

	Tim Coupland, President and Chief Executive Officer 

	 

	  

	 

 

	  

BY:  

	 

/s/ Chantal Schutz

	 

	  

	Chantal Schutz, Chief Financial Officer

 

	 

	  

			
	  

	DYNAMIC GRAVEL HOLDINGS LTD.

	 

	BY:  

	

/s/ Tim Coupland

	  

	 

	Tim Coupland, Sole Director and Officer 

	 

	  

			
	 
	  

TRUSTEE:

	 

 

	  

BY:  

	 

/s/ Tim Coupland

	 

	  

	Tim Coupland, as Trustee

 

	 

	  

SCHEDULE AA@

This is SCHEDULE "A" to a Trust Agreement made as of the 16th day of September 2008 between Dynamic Gold Corp., Dynamic Gravel Holdings Ltd. and Tim Coupland.

							
	Name

	 
	Tenure Number

	 
	Area (ha)

	 
	Date of Expiry

	 
	 
	 
	 
	 
	 
	 

	NORTHERN GRAVEL

	 
	544952

	 
	124.118

	 
	November 6, 2014

	SUPER MAMMOTH 5

	 
	549843

	 
	124.118

	 
	January 19, 2015

_________________  Mining District, British Columbia

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