Amendment to Convertible Promissory Notes between Silver Dragon Resources, Inc. and JMJ Financial
Silver Dragon Resources, Inc. and JMJ Financial have agreed to amend certain terms of their existing Convertible Promissory Notes. The amendment changes the delivery period for conversion shares from two days to three days and clarifies that if the holder obtains a legal opinion from its counsel, the holder will bear the cost. All other terms of the original notes remain unchanged. Both parties have signed to confirm their acceptance of these changes.
Exhibit 4.2
AMENDMENT CONVERTIBLE
PROMISSORY NOTES DOCUMENT
A-04192011 and B-04192011a-d
The parties agreed that the following Convertible Promissory Notes by and between Silver Dragon Resources, Inc. and JMJ Financial are herby amended as follows:
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Section 3.9. If Holder has opinion provided by its counsel, it will be at Holder’s expense.
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Delivery of Conversion Shares. All references to two day delivery of conversion shares is changed to three days.
ALL OTHER TERMS AND CONDITIONS OF THE ORIGINAL CONVERTIBLE PROMISSORY NOTE DOCUMENTS REMAIN IN FULL FORCE AND EFFECT.
Please indicate acceptance and approval of this amendment by signing below:
| /s/ Marc Hazout | /s/ JMJ Financial |
| Marc Hazout | JMJ Financial |
| President & CEO | Its Principal |
| Silver Dragon Resources, Inc. |
