Document:

Exhibit 10.6

 

Unless
permitted under securities legislation, the holder of this security must not trade the security before the date that is 4 months
and a day after the later of (i) FEBRUARY 17, 2012, and (ii) the date the issuer became a reporting issuer in any province
or territory.

 

FOCUS CELTIC GOLD CORP.

CONVERTIBLE DEBENTURE

Date: February 17, 2012

ARTICLE 1

PRINCIPAL AND INTEREST

		1.1	Promise to Pay

FOR VALUE RECEIVED, the undersigned,
FOCUS CELTIC GOLD CORP., a corporation incorporated under the federal laws of Canada (the "Corporation"),
hereby acknowledges itself indebted and promises to pay to HJG PARTNERSHIP (the "Holder"), as it may direct,
on the Maturity Date (as hereinafter defined) or on such earlier date as the principal amount hereof may become due in accordance
with the provisions hereof, as applicable, on presentation and surrender of this Debenture in accordance with the provisions hereof
at the offices of the Corporation, the principal amount of THREE HUNDRED THOUSAND DOLLARS ($300,000) in lawful money of Canada
(the "Principal Amount").

		1.2	Interest

From and after the
date hereof, interest ("Interest") shall accrue on the Principal Amount outstanding from time to time and on any
accrued and unpaid Interest, any overdue Interest and any other monies due and payable hereunder, both before and after maturity,
default or judgment, at an annual rate (the "Interest Rate") of ten percent (10%), accrued daily, compounded annually
and payable at Maturity Date. The Interest payable, at the option of the Corporation, may be satisfied by issuing Common Shares
at the Conversion Price if the Holder has exercised its conversion right hereunder.

		1.3	Security

As continuing security for the due and
timely payment by the Corporation of its Obligations hereunder, the Corporation hereby grants a security interest in and mortgages
and charges to and in favour of the Holder all right, title and interest which the Corporation may be possessed of, entitled to
or acquire now or hereafter, in and to all of the Properties.

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ARTICLE 2

DEFINITIONS, INTERPRETATIONS AND GENERAL PROVISIONS

		2.1	Interpretation

In this Debenture, unless there is something
in the subject matter or context inconsistent therewith:

		(a)	"Business" means the business carried on by the Corporation;

		(b)	"Business Day" means any day, other than Saturday, Sunday or any civic or statutory
holiday in the City of Toronto, Ontario;

		(c)	"Closing" means the issuance of the Debenture on the Closing Date;

		(d)	"Closing Date" means the date hereof;

		(e)	"Common Shares" means the common shares in the capital of the Corporation, as
currently constituted, and any shares into which such common shares may be changed, converted, exchanged or reclassified from time
to time;

		(f)	"Conversion Price" means the lower of (i) a 25% discount to the RTO Price per
Common Share, and (ii) $0.20 per Common Share, subject to adjustment as provided in Article 3;

		(g)	"Date of Conversion" has the meaning given thereto in Section 3.2(b);

		(h)	"Debenture" means this convertible debenture of the Corporation as same may be
revised, restated, replaced or supplemented from time to time;

		(i)	"Default" has the meaning attributed thereto in Section 7.1;

		(j)	"Director" means a director of the Corporation from time to time and "Board
of Directors" means the Board of Directors of the Corporation from time to time;

		(k)	"GAAP" means generally accepted accounting principles applied in Canada and statements
and interpretations (if applicable) issued by the Canadian Institute of Chartered Accountants, and as set out in its Handbook,
applied on a consistent basis;

		(l)	"Governmental Body" means any government, parliament, legislature, or any regulatory
authority, agency, commission or board of any government, parliament or legislature, or any court or (without limitation to the
foregoing) any other law, regulation or rule-making entity (including any central bank, fiscal or monetary authority or authority
regulating banks), having or purporting to have jurisdiction in the relevant circumstances, or any Person acting or purporting
to act under the authority of any of the foregoing (including any arbitrator);

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		(m)	"Holder" has the meaning ascribed thereto in Section 1.1 above;

		(n)	"Indebtedness" means with respect to the Corporation, at a particular date, indebtedness
of the Corporation which would in accordance with GAAP, be classified upon a balance sheet (and the notes thereto) of the Corporation,
as at such date, as liabilities (absolute or contingent) of the Corporation;

		(o)	"Interest" has the meaning ascribed thereto in Section 1.2;

		(p)	"Interest Rate" has the meaning ascribed thereto in Section 1.2;

		(q)	"Law" means, in respect of any Person, property, transaction or event, all applicable
laws, statutes, rules, by-laws (including zoning by-laws) and regulations, and all applicable official directives, orders, judgments
and decrees, consents, exemptions, approvals, licences, guidelines and policies of any Governmental Body (whether or not having
the force of law) relating to such Person, property, transaction or event, whether applicable in Canada or any other jurisdiction;

		(r)	"Maturity Date" means the date that is the earlier of (i) 6 months from the date
of this Debenture, and (ii) the Business Day immediately preceding the closing of the RTO;

		(s)	"Obligations" means all indebtedness, liabilities and obligations (whether direct,
indirect, absolute, contingent or otherwise) of the Corporation from time to time, under or in respect of this Debenture;

		(t)	"Person" means an individual, natural person, partnership, corporation, joint
stock company, trust, unincorporated association, joint venture, government, Governmental Body or any other entity, whether acting
in an individual, fiduciary or other capacity, state or political subdivision thereof or any agency of such state or subdivision;

		(u)	"Principal Amount" has the meaning ascribed thereto in Section 1.1;

		(v)	"Properties" means (i) all personal property and chattels used in connection with
the Business, and (ii) the rights and titles to the mineral properties of the Corporation listed on Schedule “A” hereof;

		(w)	"RTO" means the proposed reverse take-over by the Corporation of Pacific Orient
Capital Inc. or any such similar going public transaction undertaken by the Corporation prior to the Maturity Date;

		(x)	"RTO Price" means the price per Common Share in respect of the proposed private
placement financing of the Corporation to close immediately before or concurrently with the closing of the RTO;

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		(y)	"Securities" means any equity security, or any option, warrant or other right
to subscribe for, or purchase, or otherwise acquire, any equity security; and

		(z)	"Securities Act" means the Securities Act (Ontario), as amended, replaced
or supplemented from time to time.

		2.2	Plurality and Gender

Words importing the singular number
only shall include the plural and vice versa and words importing the masculine gender shall include the feminine gender and words
importing Persons shall include firms and corporations and vice versa.

		2.3	Headings, etc.

The division of this Debenture into
Articles, Sections, Subsections and paragraphs and the insertion of headings are for convenience of reference only and shall not
affect the construction or interpretation of this Debenture. The terms "this Debenture", "hereof', "herein",
"hereunder" and similar expressions refer to this Debenture as a whole, and not to any particular article, section, subsection,
paragraph or subparagraph hereof. References to an "Article", "Section", "Subsection", "paragraph"
or "Schedule" are references to an Article, Section, Subsection, paragraph or Schedule of this Debenture.

		2.4	Day Not a Business Day

In the event that any day on or before
which any action is required to be taken hereunder is not a Business Day, then such action shall be required to be taken at or
before the requisite time on the next succeeding day that is a Business Day.

		2.5	Reference to Law

Reference herein to any Law means such
Law as amended, modified, codified or re-enacted, in whole or in part, and in effect from time to time, including rules and regulations
promulgated thereunder.

		2.6	Currency

Unless otherwise indicated, any reference
in this Debenture to "Dollars", "dollars" or the sign "$" shall be deemed to
be a reference to lawful money of Canada. Any conversion of an amount into another currency which is required to be effected in
connection with the conversion of any Principal Amount or Interest hereunder shall be effected at the noon exchange rate quoted
by the Bank of Canada on the applicable Date of Conversion.

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ARTICLE 3

CONVERSION

		3.1	Conversion Privilege

The Holder shall have
the right at any time after the date hereof to convert the Principle Amount outstanding on the date thereof (including any accrued
but unpaid Interest), or any portion thereof, into Common Shares at the Conversion Price.

		3.2	Manner of Exercise of Right to Convert

		(a)	If the Holder wishes to convert this Debenture, in whole or in part, into Common Shares pursuant
to Section 3.1, it shall surrender this Debenture to the Corporation, together with the Conversion Form set forth in Schedule
"B" hereto (the "Conversion Form"), duly executed by the Holder, irrevocably exercising its right to
convert this Debenture, or such portion thereof, in accordance with the provisions of this Article 3. Upon surrender of this
Debenture (together with the Conversion Form), the Holder or its nominee or assignee shall be entitled to be entered in the books
of the Corporation as at the Date of Conversion as the holder of the number of Common Shares into which this Debenture, or portion
thereof, is convertible in accordance with the provisions hereof and, as soon as practicable thereafter, the Corporation shall
deliver or cause to be delivered to such Holder or, subject as aforesaid, its nominee, participant or assignee, a certificate
for such Common Shares and, if applicable, a cheque for any amount payable under Section 3.5 in respect of fractional shares.

		(b)	For the purposes hereof, the date of conversion of this Debenture (the "Date of Conversion")
shall be deemed to be the date on which it is surrendered in accordance with the provisions hereof and, if this Debenture is surrendered
by mail or other means of delivery, the date on which it is received by the Corporation during regular business hours on a Business
Day.

		(c)	If only part of the Principal Amount outstanding is converted by the Holder, in accordance with
Article 3, upon surrender of this Debenture to the Corporation, the Corporation shall cancel the same and shall, without
charge, forthwith certify and deliver to the Holder a new Debenture in the aggregate Principal Amount equal to the unconverted
part of the Principal Amount of this Debenture.

		(d)	Upon surrender of this Debenture for conversion in accordance with this Section 3.2, the Holder will be entitled to receive that number of Common Shares equal to the sum of (i) the quotient
obtained when the sum of the aggregate Principal Amount plus accrued Interest to be converted is divided by the Conversion Price.

		(e)	Common Shares issued upon conversion of this Debenture in accordance with the terms hereof shall
be entitled to all rights and privileges accorded to holders of record of Common Shares on and after the Date of Conversion, from
which date they will for all purposes be and be deemed to be issued and outstanding as fully paid and non-assessable Common Shares.

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		3.3	Automatic Conversion

Absent written notice
to the contrary delivered by the Holder to the Corporation, the Principal Amount outstanding and all accrued and unpaid Interest
will be automatically converted into Common Shares at a conversion price equal to the Conversion Price then in effect immediately
prior to the time of closing of the RTO.

		3.4	Adjustment Provisions

The Conversion Price will be subject
to adjustment in the events and in the manner following:

		(a)	If and whenever at any time prior to the Maturity Date, the Corporation:

		 (i)  	subdivides
or redivides any outstanding Common Shares into a greater number of Common Shares;

		 (ii)  	reduces,
combines or consolidates any outstanding Common Shares into a smaller number of Common Shares; or

		 (iii)  	issues
Common Shares or any securities convertible into or exchangeable for Common Shares to the holders of all or substantially all
of the outstanding Common Shares by way of a stock dividend;

(any of such events
in Section 3.4(a) (i) , 3.4 (a) (ii) or 3.4 (a) (iii) being called a "Share Reorganization"), the Conversion
Price will be adjusted by multiplying the Conversion Price by a fraction, the numerator of which is the number of Common Shares
outstanding on the record date or effective date of such Share Reorganization and the denominator of which is the total number
of Common Shares outstanding immediately after such record date or effective date (including, in the case where securities convertible
into or exchangeable for Common Shares are distributed pursuant to Section 3.4 (a) (iii) , the number of Common Shares that would
have been outstanding had all such securities been converted into or exchanged for Common Shares on such record date or effective
date). Such adjustment will be made successively whenever any event referred to in this Section 3.4 occurs;

		(b)	In any case in which the provisions hereof requires that an adjustment shall become effective immediately
after a record date for an event referred to herein, the Corporation may defer, until the occurrence of such event, issuing to
the Holder converting after such record date and before the occurrence of such event, the additional Securities issuable upon such
conversion by reason of the adjustment required by such event before giving effect to such adjustment, provided, however, that
the Corporation will deliver to the Holder an appropriate instrument evidencing the Holder's right to receive such additional Securities
upon the occurrence of the event requiring such adjustment and, subject to completion of such event, the right to receive any distributions
made on such additional Securities declared in favour of holders of record of Securities on and after the Maturity Date or such
later date as the Holder would, but for the provisions of this Section 3.4 (b) , have become the holder of record of such additional Securities hereunder;

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		(c)	The adjustments provided for herein are cumulative and will apply to successive subdivisions,
                                                               redivisions, reductions, combinations, consolidations, distributions, issues or other events resulting in any adjustment
                                                               under the provisions hereof, provided that, notwithstanding any other provision hereof but excluding adjustments made
                                                               pursuant to Sections 3.4 , no adjustment of the Conversion Price will be required unless such adjustment would require an increase
or decrease of at least one percent (1%) in the Conversion Price then in effect; and

		(d)	In the event of any question arising with respect to the adjustments provided herein, such question
will be conclusively determined by the Corporation's auditors who shall have access to all necessary records of the Corporation
and such determination will be binding upon the Corporation and the Holder.

		3.5	No Requirement to Issue Fractional Shares

The Corporation shall not issue fractional
Common Shares upon the conversion of this Debenture. If any fractional interest in a Common Share would, except for the provisions
of this Section 3.5 , be deliverable upon the conversion of any Principal Amount of this Debenture (or in respect of any accrued
but unpaid Interest), the Corporation shall, in lieu of delivering any certificate of such fractional interest, satisfy such fractional
interest by paying to the Holder of such surrendered Debenture an amount in lawful money of Canada equal to an identical fraction
of the Conversion Price of the Common Shares on the Date of Conversion, provided that such fractional interest has a value in
excess of Five Dollars ($5.00).

		3.6	Corporation to Reserve Shares

The Corporation covenants that
it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited)
solely for the purpose of issue upon conversion of this Debenture such number of Common Shares as shall then be issuable upon
the conversion of this Debenture. All Common Shares which shall so be issuable shall be duly and validly issued, fully paid and
non-assessable.

ARTICLE 4

CONDITIONS PRECEDENT

		4.1	Conditions Precedent

The Holder shall not be obligated to
accept this Debenture unless and until the following conditions precedent have been fulfilled to the Holder's satisfaction, acting
reasonably, which conditions are for the sole and exclusive benefit of the Holder, and notwithstanding anything to the contrary,
which may be waived in writing by Holder in its sole discretion:

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		(a)	Debenture. The Corporation shall have delivered to the Holder, in form and substance satisfactory
to Holder, this Debenture and any and all other ancillary documents reasonably required by the Holder in connection herewith.

		(b)	Bonus Warrants. In consideration for the Holder making available to the Corporation funds
in the Principal Amount, the Corporation shall have issued to the Holder, or as otherwise directed by the Holder:

	(i)		1,000,000 Common Share purchase warrants exercisable until the earlier of (A) twenty-four
months from the closing of the RTO, and (B) December 31, 2014 at an exercise price per Common Share equal to the lower of (A)
$0.30, and (B) the RTO Price (provided that if no RTO Price has been determined at the time of exercise, the exercise price shall
be $0.30); and

	(ii)		333,333 Common Share purchase warrants exercisable until the earlier of (A) twenty-four
months from the closing of the RTO, and (B) December 31, 2014 at an exercise price per Common Share equal to $0.45.

		(c)	Representations, Warranties and Covenants. The representations and warranties of the Corporation
shall be true, accurate, complete and correct as of the Closing Date and the Corporation shall have complied with all covenants
and agreements set forth herein, to the extent that the covenants can be complied with as of Closing Date.

ARTICLE 5

REPRESENTATIONS AND WARRANTIES

		5.1	Representations and Warranties of the Corporation

The Corporation hereby represents and
warrants as follows to the Holder and acknowledges that the Holder is relying upon such representations and warranties:

		(a)	Due Incorporation. The Corporation is duly incorporated and existing under the federal laws
of Canada. The Corporation has all necessary corporate power and authority to own its properties and assets and to carry on its
Business and is duly licensed or registered or otherwise qualified to do business in all jurisdictions in which it carries on business
and is in good standing in all such jurisdictions.

		(b)	Power. The Corporation has full power and capacity to enter into, deliver and perform its
obligations hereunder and all other instruments contemplated hereunder.

		5.2	Representations and Warranties of the Holder

The Holder hereby represents and warrants
to the Corporation, and acknowledges that the Corporation is relying thereon in connection with transactions contemplated herein,
that: (a) the Holder is acquiring the Debentures as principal for its own account and not for the benefit of any other Person;
(b) the issuance of this Debenture and the Common Shares issued upon conversion thereof to the Holder does not and will not contravene
any securities legislation to which the Holder is subject and does not and will not trigger any obligation on the part of the Corporation
to prepare and file a prospectus or similar document or any registration obligation on the part of the Corporation; and (c) the
Holder is resident in Ontario and is an "accredited investor" under the applicable securities laws of Ontario.

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		5.3	Survival of Representations and Warranties

The representations and warranties
contained in Sections 5.1 and 5.2 shall survive the execution and delivery of this Debenture and continue until the Obligations
have been indefeasibly repaid in full.

ARTICLE 6

COVENANTS OF THE CORPORATION

		6.1	Positive Covenants

The Corporation covenants and agrees
with the Holder as follows:

		(a)	Payment of Obligations. The Corporation will duly and punctually pay, or cause to be paid,
to the Holder the Obligations at the times and places and in the manner provided for herein.

		(b)	Existence. The Corporation will do or cause to be done all such things as are necessary
to maintain its corporate existence in good standing, to ensure that it has at all times the right and is duly qualified to conduct
its business and to obtain and maintain all rights, privileges and franchises necessary for the conduct of its business.

		(c)	Notice of Default in this Debenture. The Corporation shall give to the Holder, prompt written
notice of any Default hereunder.

		(d)	Notice of Conversion. The Corporation shall give to the Holder not less than 30 days’
notice of any event requiring the Holder to convert all or any portion of the Debentures.

		(e)	Approvals. The Corporation will use its best efforts to obtain all consents and approvals,
under any applicable Laws to which it is subject that are required in order to comply with the provisions of this Debenture.

ARTICLE 7

DEFAULT AND CONSEQUENCES

		7.1	Events of Default

The happening of any of the following
events or conditions shall constitute an event of default ("Default") hereunder:

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		(a)	Failure to Pay Principal Amount. If the Corporation makes default in payment of the Principal
Amount on the Maturity Date or when the same otherwise becomes due under any provision hereof;

		(b)	Default in Other Covenants. In the case of any other obligation hereunder, if there is any
default or failure in the observance or performance of any other act hereby required to be done or any other covenant or condition
hereby required to be observed or performed and such breach is not remedied within 30 days after receipt of written notice from
the Holder;

		(c)	False Representations, etc. If any representation, warranty, certificate, statement or report
made or given herein or otherwise in connection hereunder is false or erroneous or misleading in any material respect;

		(d)	Voluntary Proceedings. If the Corporation makes a general assignment for the benefit of
creditors, or any proceedings or filing is instituted or made by the Corporation seeking relief on its behalf as debtor, or to
adjudicate it to a bankrupt or insolvent, or seeking liquidation, winding-up, reorganization, arrangement, adjustment of it or
its debts under any Law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment of a receiver,
trustee, custodian or other similar official for it or for any substantial part of its properties or assets; or the Corporation
takes any corporate action to authorize any of the actions set forth in this Section 7.1 (d);

		(e)	Involuntary Proceedings. If any notice of intention is filed or any proceeding or filing
is instituted or made against the Corporation in any jurisdiction seeking to have an order for relief entered against it as debtor
or to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding-up, reorganization, arrangement, adjustment or composition
of it or its debts under any Law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment
of a receiver, trustee, custodian or other similar official for it or for any substantial part of its properties or assets or seeking
possession, foreclosure or retention, or sale or other disposition of, or other proceedings to enforce security over, all or a
substantial part of the assets of the Corporation unless the same is being contested actively and diligently in good faith by appropriate
and timely proceedings and is dismissed, vacated or stayed within fourteen (14) days of institution thereof;

		(f)	Receiver, etc. If a receiver, liquidator, trustee, sequestrator or other officer with like
powers is appointed with respect to, or an encumbrancer takes possession of, or forecloses or retains, or sells or otherwise disposes
of, or otherwise proceeds to enforce security over all or a substantial part of the properties or assets of the Corporation or
gives notice of its intention to do so;

		7.2	Acceleration on Default

Upon the occurrence of a Default, (i)
all Obligations (including in respect of the Principal Amount outstanding) shall, at the option of the Holder and upon written
notice thereof to the Corporation, become forthwith due and payable and all of the rights and remedies hereby conferred shall
become immediately enforceable, and (ii) the automatic conversion provision in Section 3.3 hereof shall be terminated.

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ARTICLE 8

GENERAL MATTERS

		8.1	General Interest Provisions

Notwithstanding any other provision
of this Debenture, in no event shall the aggregate "interest" (as that term is defined in Section 347 of the Criminal
Code (Canada)) paid or payable pursuant to this Debenture exceed the effective annual rate of interest on the "credit
advanced" (as defined therein) lawfully permitted under Section 347 of the Criminal Code (Canada). The effective annual
rate of interest shall be determined in accordance with generally accepted actuarial practices and principles over the term of
the Debenture, and in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the
Holder will be conclusive for the purposes of such determination. If at any time the implementation of any provision hereof results
in a payment or an obligation to make a payment in contravention of this Subsection 8.1 , the amount of the excess shall be applied
as a partial prepayment of principal and the obligation to make such excess payment shall be deemed a severable obligation. The
Corporation represents and warrants to the Holder that it has not incurred, and will not incur, any charges or expenses pursuant
to this Debenture which may be considered to be "interest" in an aggregate amount which is in contravention of Section
347 of the Criminal Code (Canada). A certificate of an authorized signing officer of the Holder as to each amount and/or
each rate of interest payable hereunder from time to time shall, in the absence of manifest error, be conclusive evidence of such
amount and of such rate.

		8.2	Notice to the Corporation and the Holder

Any notice to be given to the Corporation
or the Holder shall be in writing and shall be deemed to be validly given if such notice is delivered personally or sent by prepaid
registered mail, addressed as follows:

		(a)	if to the Corporation, at:

Focus Celtic Gold Corporation

288 Spadina Road

Toronto, Ontario M5P 2V7

Attention:Grant White

With a copy to:

Heenan Blaikie LLP

333 Bay
Street, Bay Adelaide Centre

Suite 2900

Toronto,
Ontario M5H 2T4  

 

Attention: Corey MacKinnon

Facsimile: 416-360-8425

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		(b)	if to the Holder, at:

HJG Partnership

3845 Bathurst Street, Suite 202

Toronto, ON M3H 3N2

 

Attention:Howard
Fialkov

Notice of change of address shall also
be governed by this Section. Any notice so given by personal delivery shall be deemed to have been given when received by the Corporation
or the Holder, and by prepaid registered mail shall be deemed to have been received by the Corporation or the Holder on the third
(3rd) Business Day after the day of such mailing and any notice so given by facsimile transmission shall be deemed to
have been received by the Corporation or the Holder when the appropriate confirmation of receipt of transmission is received during
normal business hours, failing which notice shall be deemed to be received the next Business Day.

		8.3	Replacement of Debenture

If the Debenture shall become mutilated
or be lost, stolen or destroyed and in the absence of notice that the Debenture has been acquired by a bona fide purchaser, the
Corporation in its discretion may issue a new Debenture upon surrender and cancellation of the mutilated Debenture, or, in the
event that a Debenture is lost, stolen or destroyed, in lieu of and in substitution for the same, and the substituted debenture
shall be in the form hereof and the Holder shall be entitled to benefits hereof. In case of loss, theft or destruction, the Holder
shall furnish to the Corporation such evidence of such loss, theft or destruction as shall be satisfactory to the Corporation in
its discretion acting reasonably together with an indemnity in form and substance mutually acceptable to the Corporation and the
Holder, each acting reasonably. The applicant shall pay reasonable expenses incidental to the issuance of any such new Debenture.

		8.4	Legends

This Debenture, the Common Share purchase
warrants and the certificates representing Common Shares issued upon conversion of each of the foregoing and any new Debentures
and certificates issued in exchange therefor or in substitution thereof shall bear such legends as required by applicable securities
laws of Canada.

		8.5	Successors and Assigns

This Debenture shall enure to the benefit
of the Holder and its successors, participants and assigns and shall be binding upon the Corporation and its successors.

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		8.6	Assignment

This Debenture is non-negotiable and
the Holder covenants and agrees that it cannot, and shall not, transfer, sell, assign or pledge this Debenture, without the prior
written consent of the Corporation, acting reasonably, provided that the Holder may transfer this Debenture to an affiliated company
(as such term is defined in the Securities Act) in respect of which it is non-arm’s length, provided that such affiliated
company satisfies the representations and warranties set forth in Section 5.2 at the time of such transfer (and thereafter, to
the extent required in Section 5.2 ) as if it were the Holder. The Holder acknowledges and agrees that any transfer, sale, assignment
or pledging of this Debenture by it shall comply with the provisions of the Securities Act or such other regulatory authority
having jurisdiction.

		8.7	Invalidity of Provisions

Each of the provisions contained in
this Debenture is distinct and severable and a declaration of invalidity or unenforceability of any such provision by a court of
competent jurisdiction shall not affect the validity or enforceability of any other provision hereof or thereof.

		8.8	Governing Law

This Debenture shall be governed by
and construed, interpreted and performed in accordance with the laws of the Province of Ontario and the laws of Canada applicable
therein.

		8.9	Time of Essence

Time shall be of the essence of this
Debenture and a forbearance by the Holder of the strict application of this provision shall not operate as a continuing or subsequent
forbearance.

		8.10	No Waiver

No failure or delay by the Holder in
exercising any right, power or privilege under this Debenture shall operate as a waiver thereof, nor shall any single or partial
exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

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IN WITNESS WHEREOF, the Corporation
has caused this Debenture to be executed by its duly authorized officer as of the date first written above.

 

SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

 

	 	FOCUS CELTIC GOLD CORP.
	 	 
	 	 By:	/s/ Grant R. White
	 	 	Authorized Signing Officer

 

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Schedule
‘a’

PROPERTIES

 

 

 

 

 

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Schedule
‘b’

CONVERSION FORM

TO:FOCUS CELTIC GOLD CORP.

All terms used herein but not defined
shall have the meanings ascribed thereto in the within Debenture.

Pursuant to Article 3 of the Debenture,
the undersigned registered Holder hereby irrevocably elects to convert the Principal Amount of $__________ and/or $__________
of accrued Interest into __________ Common Shares in accordance with the terms of the Debenture, at the Conversion Price in the
case of Principal Amount, or in the case of accrued Interest, and directs that the Common Shares issuable and deliverable upon
the conversion be issued and delivered to the person indicated below.

(If Common Shares are to be issued in
the name of a person other than the Holder, all requisite transfer taxes must be tendered by the undersigned).

Print name in which Common Shares issued
on conversion are to be issued, delivered and registered:

Name:___________________________________________

__________________________________________

Address     (City,
Province and Postal Code)

DATED this _____ day of ________,
2012

 

 

SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

 

	 	[HOLDER]
	 	 
	 	 By:	c/s
	 	 	Name:
TitleExhibit 10.7

 

GENERAL SECURITY AGREEMENT

This Agreement made as of the 17 day of February, 2012, between:

HJG PARTNERSHIP, a partnership formed under the
laws of the Province of Ontario

 

(the “Secured Party”)

- and -

FOCUS CELTIC GOLD CORP., a corporation formed
under the laws of the Province of Ontario

 

(the “Debtor”)

 

WHEREAS the
Debtor is indebted to the Secured Party in the principal sum of Three Hundred Thousand ($300,000) Dollars, as evidenced by a convertible
debenture dated as of date hereof (the “Convertible Debenture”);

 

AND WHEREAS the
Debtor has agreed to grant the Secured Party a charge on all of the Debtor’s assets on the terms herein described;

 

NOW THEREFORE this
Agreement witnesses that in consideration of the mutual covenants and agreements hereinafter contained and other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged by each of the parties hereto) it is hereby agreed between
the parties as follows:

ARTICLE 1

GRANT OF SECURITY INTEREST

		1.1	Interpretation

In this Agreement the following terms
shall have the meanings set out below unless the context requires otherwise:

		(a)	“Accessions and Substitutions” means all accessions to, substitutions for and
all replacements, products and proceeds of the foregoing including, without limitation, proceeds as that term is defined under
the Personal Property Security Act (Ontario), as amended from time to time;

		(b)	“Accounts” means all debts, accounts, claims, money and choses in action which
now are or which may at any time hereafter be due or owing to or owned by the Debtor and all securities, bills, notes and other
documents now held or owned or which may be hereafter taken, held or owned by the Debtor or anyone on behalf of the Debtor in respect
of the Accounts or any part thereof, and also all books and paper recording, evidencing or relating to the Accounts or any part
thereof and claims under policies of insurance; and all contracts, security interests and other rights and benefits in respect
thereof;

    	1

    	 

    
		(c)	“Books and Records” means all books and records (including, without limitation,
customer lists, letters, papers, documents, credit files, computer programs, printouts and other computer materials and records)
of the Debtor pertaining to the foregoing;

		(d)	“Chattel Paper” means all present and future agreements made between the Debtor
as Secured Party and others which evidence both a monetary obligation and a security interest in or a lease of specific goods;

		(e)	“Collateral” means, collectively, the Accessions and Substitutions, Accounts,
Chattel Paper, Books and Records, Equipment, Instruments, Intangibles, Inventory, Money, Proceeds, Securities, and Undertakings
(as such terms are herein defined) and any reference in this Agreement to Collateral shall mean the Collateral or any part thereof,
unless the context otherwise requires;

		(f)	“Equipment” means all equipment, fixtures, plant, tools, furniture, machinery,
vehicles and other tangible personal property of any kind or description, now or hereafter owned or acquired by the Debtor, all
spare parts and accessories installed in or affixed or attached to the foregoing, including all drawings, specifications, plans
and manuals relating thereto;

		(g)	“Instruments” means all present and future bills, notes and cheques (as such
are defined pursuant to the Bills of Exchange Act (Canada)) and all other writings that evidence a right to the payment
of money and are of a type that in the ordinary course of business are transferred by delivery without any necessary endorsement
or assignment;

		(h)	“Intangibles” means all present and future intangible personal property of the
Debtor including all contract rights, goodwill, patents, trade marks, copyrights and other industrial property and all other choses
in action of the Debtor of every kind whether due at the present time or hereafter to become due or owing;

		(i)	“Inventory” means all inventory of whatever kind and wherever situated now owned
or hereafter acquired by the Debtor, including without limitation, all goods merchandise, raw materials, goods in process, finished
goods and other tangible personal property held for sale, lease or resale or furnished under contracts for service or rental or
used or consumed in the business of the Debtor, goods used for packing and materials used in the business of the Debtor not intended
for sale;

		(j)	“Money” means all monies, residues and property of any kind now or at any time
hereafter in the possession of the Debtor, a bailee of the Debtor or agent of the Debtor;

		(k)	“Obligations” means the obligations of the Debtor pursuant to the Convertible
Debenture;

		(l)	“Person” means a natural person, body corporate, unlimited liability company,
partnership, limited partnership, limited liability partnership, joint stock company, trust unincorporated association, joint venture
or other entity or governmental or regulatory entity, and pronouns have a similarly extended meaning;

		(m)	“Proceeds” means all personal property in any form derived directly or indirectly
from any dealing with Collateral subject to the security interest or the proceeds therefrom and including any payment representing
indemnity or compensation for loss of or damage thereto or the proceeds;

    	2

    	 

    

		(n)	“Securities” means all present and future securities held by the Debtor, including
shares, options, rights, warrants, joint venture interests, interests in limited partnerships, bonds, debentures and all other
documents which constitute evidence of a share, participation or other interest of the Debtor in property or in an enterprise or
which constitute evidence of an obligation of the issuer; and including an uncertificated security within the meaning of Section
54 of the Business Corporations Act (Ontario), and all substitutions therefor and dividends and income derived therefrom;

		(o)	“Undertakings” means all present and future personal property, business and
undertakings of the Debtor not being Accessions and Substitutions, Accounts, Chattel Paper, Books and Records, Equipment, Instruments,
Intangibles, Inventory, Money or Securities.

		1.2	Security Interest

As a general and continuing security
for the payment of all amounts owing by the Debtor to the Secured Party from time to time under
a promissory note of concurrent date issued by the Debtor in favour of the Secured Party (hereinafter referred to as the
“Obligation”), the Debtor hereby grants, mortgages, charges, transfers, assigns, conveys, pledges and creates
to and in favour of the Secured Party, as and by way of a fixed and specific charge, and grants a continuing security interest
in the Collateral effective as of the date of the execution of this Agreement (hereinafter referred to as the “Security
Interest”).

		1.3	Collateral

Without limiting the generality of
the description of the Collateral as set out in Section 1.1(e) , for greater certainty, the Collateral shall include all
present and future personal property of the Debtor located on or about or in transit to or from the address of the Debtor. The
Debtor agrees to promptly inform the Secured Party in writing of the acquisition by the Debtor of any personal property which
is not of the nature or type described herein and the Debtor agrees to execute and deliver at its own expense, from time to time,
amendments to this Agreement or additional security agreements as may be reasonably required by the Secured Party in order that
the Security Interest shall attach to such personal property.

		1.4	Valuable Consideration

The parties hereby acknowledge that:

		(a)	value has been given;

		(b)	the Debtor has rights, or, in the case of after-acquired property, will have rights, in the Collateral;
and

		(c)	the parties have not agreed to postpone the time for attachment of the security interest created
by this Agreement.

    	3

    	 

    
 

The parties further agree that the Security
Interest created by this Agreement are intended to attach to all Collateral in which the Debtor acquires an interest as a result
of any amalgamation, arrangement or similar proceeding.

		1.5	Dealing with Collateral

Until the occurrence of an Event of
Default (as hereinafter defined), the Debtor may conduct its business and deal with the Collateral in its ordinary course of business
and may sell its Inventory and collect its Accounts in the ordinary course of its business. The Debtor agrees to deposit all Proceeds
from the disposition of Inventory into its account with its regular bankers and to inform such bank of the Security Interest and
the trust established herein attaching to the funds in such account in favour of the Secured Party. The Debtor agrees to inform
the Secured Party of any change in its regular bankers and not to open new bank accounts without first notifying the Secured Party.

The Secured Party may,
after the occurrence of an Event of Default, notify any Person obligated to the Debtor in respect of an Account, Chattel Paper
or an Instrument to make payment to the Secured Party of all such present and future amounts due.

The last day of the term of any lease,
sublease or agreement therefor is specifically exempted from the Security Interest, but the Debtor agrees to stand possessed of
such last day in trust for any person acquiring such interest of the Debtor. To the extent that the creation of the Security Interest
would constitute a breach or cause the acceleration of any agreement rights, licence or permit to which the Debtor is a party,
the Security Interest shall not attach thereto but the Debtor shall hold its interest therein in trust for the Secured Party and
shall assign such agreement, right, licence or permit to the Secured Party forthwith upon obtaining the consent of the other party
thereto.

ARTICLE 2

COVENANTS, REPRESENTATIONS AND WARRANTIES OF DEBTOR

		2.1	Covenants, Representations and Warranties

The Debtor warrants, covenants and represents
that:

		(a)	the Debtor is or, as to the Collateral acquired after the date hereof, will be, the owner of the
Collateral;

		(b)	the Debtor will defend the Collateral against all claims and demands of all persons at any time
claiming the same or any interest therein;

		(c)	the Debtor’s principal place of business is 388 Spadina Rd, Toronto, Ontario M5P 2V7. If
the Debtor changes its principal place of business or the location of the Inventory or the location of the offices where it keeps
its records respecting the Accounts or acquires other places of business, it will notify the Secured Party prior to such change;

		(d)	the Debtor shall from time to time forthwith on the Secured Party’s request furnish to the
Secured Party in writing all reasonable information requested relating to the Collateral and the Secured Party shall be entitled
from time to time to inspect at any reasonable times the Collateral and make copies of all documents relating to the Accounts and
for such purposes the Secured Party shall have access to all premises, during regular business hours, occupied by the Debtor or
where the Collateral or any of it may be found; and

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		(e)	the Debtor shall from time to time forthwith on the Secured Party’s request do, make and
execute all such financing statements, further assignments, documents, acts, matters and things as may reasonably be required by
the Secured Party with respect to the Collateral or any part thereof or as may be required to give effect to this Agreement and
the transactions contemplated hereby. The Debtor hereby constitutes and appoints the Secured Party, or any receiver appointed by
the Court or the Secured Party as hereafter set out, the true and lawful attorney of the Debtor irrevocably with full power of
substitution to do, make and execute all such assignments, documents, acts, matters or things with the right to use the name of
the Debtor whenever and wherever it may be deemed necessary or expedient in the exercise of any of the rights, powers or remedies
conferred on the Secured Party by this Agreement.

ARTICLE 3

DEFAULT

		3.1	Event of Default

The occurrence of any one or more of
the following events (regardless of the reason therefor) shall constitute an “Event of Default” hereunder:

		(a)	the Debtor fails to satisfy or perform any payments required by the Obligation and such failure
shall have remained unremedied for a period of fifteen (15) days after the Debtor has received notice of such failure from the
Secured Party;

		(b)	any representation or warranty made by the Debtor herein is or becomes incorrect or untrue or the
Debtor breaches or fails to comply with any term of this Agreement or any other agreement or undertaking now or hereafter given
by the Debtor to the Secured Party;

		(c)	the Debtor becomes insolvent or bankrupt or makes a proposal under the Bankruptcy Act (Canada),
a petition in bankruptcy is filed against the Debtor, the Debtor makes an assignment for the benefit of creditors, a trustee or
receiver or manager is appointed in respect of the Debtor or any of its assets, or steps are taken by or against the Debtor for
any other formal or informal type of proceeding for the settlement of claims against the Debtor or for the dissolution, liquidation,
or winding-up of the affairs of the Debtor;

		(d)	there is a change of control of the Debtor, or the Debtor makes a bulk sale of its assets; or

		(e)	the Secured Party in good faith believes and has commercially reasonable grounds to believe that
the prospect of payment or performance of the Obligations is or is about to be impaired or that the Collateral is or is about to
be placed in jeopardy;

(each an “Event of Default”).

Then, during the continuance of any
such Event of Default, all amounts owing by the Debtor to the Secured Party shall at the option of the Secured Party and subject
to applicable law be immediately due and payable without further demand or notice, the security granted hereby shall be immediately
enforceable, and the Secured Party may resort to any right or remedy provided herein or available under any applicable law, which
rights and remedies shall be enforceable successively, concurrently or cumulatively.

 

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		3.2	Remedies

During the continuance of an Event of
Default, the Security Interest shall immediately be enforceable and the Secured Party shall have the following remedies in addition
to any other remedies available at law or in equity or contained in any other agreement between the Debtor and the Secured Party,
all of which remedies shall be independent and cumulative:

		(a)	the Secured Party may, in addition to any other rights, appoint by instrument in writing a receiver
(which term as used in this Agreement includes a receiver and manager and is hereinafter referred to as the “Receiver”)
for all or any part of the Collateral and may remove or replace the Receiver from time to time or may institute proceedings in
any court of competent jurisdiction for the appointment of the Receiver. Where the Secured Party is hereinafter referred to in
this Section 3.2, the term shall include the Receiver so appointed and the officers, employees or agents of the Receiver;

		(b)	the Debtor will forthwith upon demand assemble and deliver to the Secured Party possession of the
Collateral at such place as may be specified by the Secured Party, provided that the Secured Party may take such steps as it considers
necessary or desirable to obtain possession of all or any part of the Collateral and the Debtor agrees that the Secured Party may
at any time enter upon lands and premises for the purpose of taking possession of and removing the Collateral or any part thereof;

		(c)	the Secured Party may seize, collect, sell, lease, licence, realize, borrow money on the security
of, release to third parties or otherwise deal with the Collateral or any part thereof in such manner, upon such terms and conditions
and at such time or times as may seem to it advisable and without notice to the Debtor (except where notice is specifically required
by law), and may charge on its own behalf and pay to others reasonable sums for expenses incurred and for services rendered (expressly
including Receiver’s legal and accounting fees and expenses) and may add the amount of such sums to the indebtedness of the
Debtor secured hereby;

		(d)	upon notice to the Debtor in the manner provided by the laws of the Provinces in which the Collateral
is located, the Secured Party may elect to retain all or any part of the Collateral in satisfaction of the obligations to it of
the Debtor;

		(e)	the Secured Party may, in its sole discretion, vote any shares that form the subject matter of
the Collateral;

		(f)	the Secured Party shall not be liable or accountable for any failure to seize, collect, realize,
sell or obtain payment of the Collateral or any part thereof and shall not be bound to institute proceedings for the purpose of
seizing, collecting, realizing or obtaining possession or payment of the same or for the purpose of preserving any rights of the
Secured Party, the Debtor or any other person, firm or corporation in respect of same;

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		(g)	the Secured Party may grant extensions of time, take and give up securities, accept compositions,
grant releases and discharges, release any part of the Collateral to third parties and otherwise deal with the Collateral and other
securities as the Secured Party may see fit without prejudice to the liability of the Debtor or the Secured Party’s right
to hold and realize the Collateral;

		(h)	all money collected or received by the Secured Party in respect of the Collateral may be applied
on account of such indebtedness of the Debtor as the Secured Party in its sole discretion determines or may be held unappropriated
in a collateral account or in the discretion of the Secured Party may be released to the Debtor, all without prejudice to the Secured
Party’s claims upon the Debtor;

		(i)	to facilitate the realization of the Collateral, the Secured Party may carry on or concur in the
carrying on of all or any part of the business of the Debtor, enter upon, occupy and use all or any part of the premises, buildings,
plant and undertaking of or occupied or used by the Debtor;

		(j)	the Secured Party may discharge any encumbrance, lien, claim or charge that may exist or be threatened
against the Collateral and in every such case the amounts so paid together with costs, charges and expenses incurred in connection
therewith shall be added to the obligations of the Debtor to the Secured Party as hereby secured; and

		(k)	if after all the expenses of the Secured Party in connection with the preservation and realization
of the Collateral as above described shall have been satisfied and all obligations of the Debtor to the Secured Party shall have
been satisfied and paid in full together with interest, any balance of money in the hands of the Secured Party arising out of the
realization of the Collateral shall be paid to any person other than the Debtor whom the Secured Party knows to be the owner of
the Collateral and in the absence of such knowledge such balance shall be paid to the Debtor. If there is a deficiency, such deficiency
shall be immediately paid by the Debtor to the Secured Party.

		3.3	Standards of Sale

Without prejudice to the ability of
the Secured Party to dispose of the Collateral in any manner which is commercially reasonable and subject to applicable law, the
Debtor acknowledges that a disposition of the Collateral by the Secured Party which takes place substantially in accordance with
the following provisions shall be deemed to be commercially reasonable:

		(a)	Collateral may be disposed of in whole or in part;

		(b)	Collateral may be disposed of by public sale following one advertisement, at least seven (7) days
prior to such sale in a newspaper having general circulation in the location of the Collateral to be sold;

		(c)	Collateral may be disposed of by private sale after receipt by the Secured Party of two written
offers;

		(d)	the purchaser or lessee of such Collateral may be a customer of the Secured Party;

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		(e)	the disposition may be for cash or credit or part cash and part credit; and

		(f)	the Secured Party may establish a reserve bid in respect of all or any portion of the Collateral.

ARTICLE 4

DEALING WITH COLLATERAL BY DEBTOR

		4.1	Dealing with Collateral by Debtor

The Debtor in the ordinary course of
its business may lease or sell items of Inventory so that the purchaser thereof takes title clear of the Security Interest hereby
created but if such sale or lease results in an Account such Account is subject to the Security Interest hereby created and, in
the event that the Debtor shall collect or receive any of the Account or shall dispose of and be paid for any of the other Collateral
covered by this Agreement, all non-cash proceeds of such disposition shall be subject to the Security Interest hereby created and
all money so collected or received by the Debtor shall be received as trustee for the Secured Party and shall, on demand, be paid
over to the Secured Party.

ARTICLE 5

DEALING WITH COLLATERAL BY A RECEIVER

		5.1	Receiver as Agent

The Receiver shall
be deemed to be the agent of the Debtor for the purpose of establishing liability for the acts or omissions of the Receiver and
the Secured Party shall not be liable for such acts or omissions and, without restricting the generality of the foregoing, the
Debtor hereby irrevocably authorizes the Secured Party to give instructions to the Receiver relating to the performance of its
duties as set out herein.

		5.2	Expenses of Enforcement

The Debtor shall
pay to the Receiver the reasonable remuneration of the Receiver and all reasonable costs and expenses (including, without limitation,
legal fees and disbursements on a solicitor and his own client basis) incurred by (x) the Receiver or on its behalf pursuant to
its appointment and the exercise of its powers hereunder or (y) the Secured Party or on its behalf pursuant to the exercise of
its powers hereunder; and shall pay to the Secured Party and the Receiver as required all amounts of money (including interest
thereon) borrowed or advanced by either of them pursuant to the powers set out herein, and the obligations of the Debtor to the
Secured Party and the Receiver pursuant to this Section shall be payable on demand and shall bear interest at an annual rate equal
to five (5%) percent , which interest shall be calculated and compounded monthly and payable on demand and such obligations, including
interest thereon, shall constitute Obligations.

		5.3	Indulgences and Releases

Either the Secured
Party or the Receiver may grant extensions of time and other indulgences, take and give up securities, accept compositions, grant
releases and discharges, release any part of the Collateral to third parties and otherwise deal with the Debtor, debtors of the
Debtor, sureties and others and with the Collateral and other security as the Secured Party or the Receiver may see fit without
prejudice to the Obligations or the right of the Secured Party and the Receiver to repossess, hold, collect and realize the Collateral.

    	8

    	 

    
 

		5.4	Restriction on Debtor

To the extent provided
in the appointment of a Receiver (whether by court order or otherwise), the powers, functions, rights and privileges of the Debtor
or any officer, director, servant or agent of the Debtor with respect to the Collateral shall, to the extent provided therein and
to the extent permitted by law, be suspended unless specifically continued by the written consent of the Secured Party.

		5.5	Rights Cumulative

All rights and remedies
of the Secured Party set out in this Agreement shall be cumulative and no right or remedy contained herein is intended to be exclusive
but each shall be in addition to every other right or remedy contained herein or in any existing or future security document or
now or hereafter existing at law or in equity or by statute. The taking of a judgment or judgments with respect to any of the Obligations
shall not operate as a merger or any of the covenants contained in this Agreement.

ARTICLE 6

GENERAL

		6.1	Notices

Any notice, demand,
direction or other communication given under this Agreement shall be in writing and given by delivering it or sending it by facsimile
addressed:

		(a)	To the Secured Party at:

HJG Partnership

Attn:Howard Fialkov

3845 Bathurst Street, Suite 202

Toronto, ON M3H 3N2

 

Facsimile:

 

		(b)	To the Debtor at:

Focus Celtic Gold Corp.

Attn:President

388 Spadina Rd

Toronto, Ontario M5P 2V7

 

Facsimile: 416 204 1939

Any such communication shall be deemed
to have been validly and effectively given (i) if personally delivered, on the date of such delivery if such date is a Business
Day and such delivery was made prior to 4:00 p.m. (Eastern Time) and otherwise on the next Business Day, or (ii) if transmitted
by facsimile, on the Business Day following the date of transmission. Any Party may change its address for service from time to
time by notice given in accordance with the foregoing and any subsequent notice shall be sent to such Party at its changed address.

    	9

    	 

    
 

		6.2	Successors and Assigns

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

		6.3	No Waiver or Remedies

No failure on the part of the Secured
Party to exercise and no delay in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial
exercise of any right hereunder preclude the other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law.

		6.4	Assignment

The rights of the Secured Party under
this Agreement may be assigned by the Secured Party upon notice to, but without the prior consent of the Debtor. The Debtor may
not assign its obligations under this Agreement.

		6.5	Partial Invalidity

Each of the provisions of this Agreement
is distinct and severable and a declaration of the invalidity or unenforceability of any provision of this Agreement or any covenant
herein contained on the part of a court of competent jurisdiction shall not affect the validity or enforceability of any other
provision or covenant hereof or herein contained.

		6.6	Time of the Essence

Time shall be of the essence of this
Agreement and every part hereof.

Each of the parties hereto acknowledges
and declares that the statements contained in the recitals applicable to such party are true in substance and in fact.

		6.7	Article and Section Headings

Article and section headings in this
Agreement are inserted for convenience only and do not constitute part of this Agreement.

		6.8	Amendments

Each of the parties hereto acknowledge
and agree that this Agreement may only be amended by the unanimous written consent of all parties to this Agreement.

		6.9	Number and Gender

Words importing the singular include
the plural and vice versa and words importing one gender include all genders.

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		6.10	Further Assurances

The parties hereto covenant and agree
that they will from time to time and at all times hereafter, upon every reasonable request of any of the others, made, do and execute
or cause to be made, done and executed all such further acts, deeds, documents, instruments or assurances as may be reasonably
required for the purposes of implementing the matters contemplated by this Agreement.

[The remainder of this page is intentionally
left blank.]

    	11

    	 

    

 

		6.11	Governing Law

 

		(a)	This Agreement shall be governed by and interpreted and enforced in accordance with the laws of
the Province of Ontario (without regard to conflicts of law principles) and the federal laws of Canada applicable therein.

		(b)	Each of the Parties irrevocably attorns and submits to the non-exclusive jurisdiction of the Ontario
courts.

		6.12	Executed Copy

The Debtor acknowledges receipt of an
executed copy of this Agreement.

IN WITNESS WHEREOF the Debtor
has executed and delivered this Agreement as of the day, month and year first above written.

	 	 	           Focus Celtic Gold Corp.
	 	 	Per:	/s/Grant R. White
	 	 	 	Grant White
	 	 	 	 	I have authority to bind the Company

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