EXHIBIT 10.10
LOAN AGREEMENT
Made this 25th day of June, 2004.
BETWEEN:
YUKON GOLD CORPORATION, INC. a Delaware Corporation (herein called
"Yukon").
AND
X. X. XXXXXX, XX., (herein called "JLG")
1. JLG agrees to lend to Yukon US$100,000 secured by a non-interest bearing
promissory note due on demand (the Loan) in the form attached hereto as
Schedule A.
2. As consideration for the Loan Yukon agrees to pay to JLG a fee of
US$5,000.00 to cover due diligence and other expenses.
In witness whereof the parties hereto have executed this Agreement as of the
date first written above.
YUKON GOLD CORPORATION, INC.
Per: /s/ Xxxxxxxx Xxxxxx
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Xxxxxxxx Xxxxxx
Per: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
X.X. XXXXXX, XX.
/s/ X. X. Xxxxxx Xx.
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SCHEDULE A
PROMISSORY NOTE
Amount: US$100,000
FOR VALUE RECEIVED, the undersigned Yukon Gold Corporation, Inc., promises
to pay X. X. Xxxxxx, Xx., or to his order, the principal sum of US$100,000 which
is non-interest bearing.
The undersigned promises to pay the outstanding balance on demand.
All or part of the principal sum due hereunder may be prepaid from time to
time without notice, bonus or penalty.
The undersigned waives presentment for payment, demand, notice of
non-payment, notice of dishonor, protest and notice of protest of this
promissory note and diligence in collection or bringing suit, and consents to
all extensions of time, renewals, waivers or modifications that may be granted
by the holder with respect to the payment or any other provision of this
promissory note.
DATED this 25th day of June, 2004.
Yukon Gold Corporation, Inc.
By: /s/ Xxxxxxxx Xxxxxx
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Xxxxxxxx Xxxxxx
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
