Document:

EXHIBIT 10.12

                           Yukon Gold Corporation, Inc
                                     [LOGO]
               55 York Street, Suite 401, Toronto, Ontario M5J 1R7

Telephone (416) 865-9790 Facsimile (416) 865-1250
-------------------------------------------------
U.S. Toll Free 1-800-295-0671
-----------------------------

August 17, 2006

To the Members of the Hinton Syndicate

Richard Ewing
Box 111
Mayo, Yukon M0B 1M0        Fax: 867-996-2927

James B. Smith
2726 Mara Drive
Coquitlam, BC V3C 5R9      Email: laxey@shaw.ca

Robert Wagner
Site 1, Box 7
Keno City, Yukon Y0B 1J0   Fax: 867-996-2927

J. Malcolm Slack
5920 Winston Churchill Blvd.
RR#1
Erin, ON  NOB ITO          Fax: 519-833-7515

Gentlemen:

      We are  writing to confirm  our  agreement  today  regarding  deferral  of
certain  work  program  expenses  required  to be incurred  under our  Agreement
between Yukon Gold Corporation,  Inc. ("Yukon Gold"),  Yukon Gold Corp. ("YGC"),
and the Hinton  Syndicate made as of July of 2002 and amended as of July 7, 2005
(the "Agreement").

      The Agreement calls for work program expenses  totaling  CDN$750,000 to be
incurred by December 31, 2006. To date, YGC has incurred between CDN$300,000 and
$350,000 in such work program  expenses.  We will know the exact number in a few
weeks.   We  have   agreed  that  the  balance  of  the  funds  to  be  incurred
(approximately  CDN$350,000 to CDN $400,000) may be incurred before December 31,
2007 without default under the Agreement.  Funds currently held in our dedicated
Mount Hinton bank  account  will be withdrawn  and replaced to meet work program
expenditures next year.

      We further  agree that Yukon Gold will not have  earned a 25%  interest in
the mineral  claims of the Hinton  Syndicate  (as provided in Section 2.2 of the
Agreement) until the work program expenditures that we have agreed to defer have
been incurred and CDN$1,500,000 in work program expenditures have been incurred.

<PAGE>

      Please  evidence your  agreement in the space below.  We  appreciate  your
cooperation.

                                    Sincerely,

                                    YUKON GOLD CORPORATION, INC.

                                    By:  /s/ Howard Barth
                                         ---------------------------------------
                                             Howard Barth
                                             President and CEO

                                    By:   /s/ Ken Hill
                                         ---------------------------------------
                                              Ken Hill
                                              Vice- President, Mining Operations

AGREED:

HINTON SYNDICATE

By: /s/ Richard Ewing
    -----------------------
        Richard Ewing

By:  /s/ James Smith
    -----------------------
         James Smith

By: /s/ Robert Wagner
    -----------------------
         Robert Wagner

By:  /s/ Malcolm Slack
    -----------------------
         Malcolm Slack

                                       2Exhibit
      10.9

    

    Agreement
      on Management Fee

    

    Agreement
      made between Beasley Holdings Limited at its registered address at Flat A,
      17th
      Floor,
      Capital Building, 6-10 Sun Wui Road, Causeway Bay, Hong Kong, and Max
      International Limited at its registered address at Flat A, 17th
      Floor,
      Capital Building, 6-10 Sun Wui Road, Causeway, Hong Kong, dated March 31,
      2006.

    

    It
      is
      agreed that Beasley Holdings Limited will pay a monthly management fee of Hong
      Kong Dollars Third-Five Thousand to Max International Investment Limited,
      effective on April 1, 2006, for providing Administration, Accounting, Human
      Resources and IT support services rendered by Max International Investment
      Limited.

    

    Dated:
      March 31, 2006

    

    Agreed
      and signed by 

    Beasley
      Holdings Limited

    

    /s/
      Ieong Hoi Tong

    Ieong
      Hoi
      Tong

    

    

    Agreed
      and signed by

    Max
      International Investment Limited

    

    /s/
      Li
      Zhong Hua

    Li
      Zhong
      HuaExhibit 10.1

FORM OF
ZALE CORPORATION
2003 STOCK INCENTIVE PLAN, AS AMENDED
NON-QUALIFIED STOCK OPTION
PLAN AGREEMENT
                                                             -------------------
                                                                 Employee ID

--------------------------------------------------------------------------------
  Participant        Grant Date      Number of Options    Option Exercise Price

--------------------------------------------------------------------------------

Grant               Zale Corporation (the "Company"), on behalf of Zale
                    Delaware, Inc., its wholly-owned subsidiary, hereby grants
                    to the Participant named above, as of the grant date above,
                    the above number of Non-Qualified Stock Options to purchase
                    common stock of the Company ("Company Stock") at the above
                    option exercise price subject to the terms and conditions
                    set forth in this Plan Agreement and in the Zale Corporation
                    2003 Stock Incentive Plan (the "Plan"), as amended.

Vesting             Each Option shall become cumulatively exercisable as to 25
                    percent of the shares covered thereby on each of the first,
                    second, third and fourth anniversaries of the date of grant.

Expiration          No Option shall be exercisable more than 10 years after the
                    date of grant.

Exercise            An Option may be exercised for all or any portion of the
                    shares as to which it is exercisable; provided, that no
                    partial exercise of an Option shall be for an aggregate
                    exercise price of less than $1,000.

                    An Option shall be exercised by delivering notice to Zale
                    Corporation Investor Relations, MS 5A-8, P.O. Box 152777,
                    Irving, Texas 75015-2777 no less than one business day in
                    advance of the effective date of the proposed exercise
                    (Please call Investor Relations for the proper form). Such
                    notice shall be accompanied by this Plan Agreement, and may
                    be withdrawn at any time prior to the close of business on
                    the business day immediately preceding the effective date of
                    the proposed exercise. Payment for shares of Company Stock
                    purchased upon the exercise of an Option shall be made on
                    the effective date of such exercise by cash, certified
                    check, bank cashier's check or wire transfer.

                    Certificates for shares of Company Stock purchased upon the
                    exercise of an Option shall be issued in the name of the
                    Participant, or other person entitled to receive such
                    shares, and delivered to the Participant or such other
                    person as soon as practicable following the effective date
                    on which the Option is exercised.

Termination         Other than Cause, Disability or Death - In the event that
                    the employment of a Participant with Zale Delaware, Inc.
                    shall terminate for any reason other than Cause, Disability
                    or death (i) Options granted to such Participant, to the
                    extent that they were exercisable at the time of such
                    termination, shall remain exercisable until the date that is
                    three months after such termination, on which date they
                    shall expire, and (ii) Options granted to such Participant,
                    to the extent they were not exercisable at the time of such
                    termination, shall expire at the close of business on the
                    date of such termination. The three-month period described
                    above shall be extended to one year in the event of the
                    Participant's death during such three-month period.
                    Notwithstanding the foregoing, no Option shall be
                    exercisable after the expiration of its term.

<PAGE>

Termination         Disability or Death - In the event that the employment of a
 (Continued)        Participant with Zale Delaware, Inc. shall terminate on
                    account of the Disability or death of the Participant (i)
                    Options granted to such Participant, to the extent they were
                    exercisable at the time of such termination, shall remain
                    exercisable until the first anniversary of such termination,
                    on which date they shall expire, and (ii) Options granted to
                    such Participant, to the extent that they were not
                    exercisable at the time of such termination, shall expire at
                    the close of business on the date of such termination;
                    provided, however, that no Option shall be exercisable after
                    the expiration of its term.

                    Cause - In the event of the termination of a Participant's
                    employment with Zale Delaware, Inc. for Cause, all
                    outstanding Options granted to such Participant shall expire
                    at the commencement of business on the date of such
                    termination.

Miscellaneous       Upon the occurrence of a Change in Control, each Option
                    granted under the Plan and outstanding at such time shall
                    become fully and immediately exercisable and shall remain
                    exercisable until its expiration, termination or
                    cancellation pursuant to the terms of the Plan.

                    Capitalized terms not otherwise defined herein shall have
                    the meanings assigned to them in the Plan.

                       Zale Corporation

                       ------------------------------------
                       Authorized Officer

                       I hereby agree to be bound by all the terms and
                       conditions of this Plan Agreement and the Plan.

                       ------------------------------------
                       Participant

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