Document:

FIRST AMENDMENT TO PROMISSORY NOTE (NINE-MONTH)

 

THIS SECOND AMENDMENT
TO PROMISSORY NOTE (NINE-MONTH) (the “Second Amendment”) is made and entered into as of the 26th day of
August 2013 by Discovery Energy Corp. a Nevada corporation f/k/a “Santos Resource Corp.” (herein called “Maker”),
and Liberty Petroleum Corporation, an Arizona corporation (herein called “Payee”).

 

RECITALS:

 

WHEREAS, Maker executed
in favor of Payee a promissory note (the “Note”) dated October 26, 2012 for a principal amount of $150,000; and

 

WHEREAS, the parties
amended the Note according to a First Amendment to Promissory Note (Nine-Month) dated the 26th day of July 2013 (the
“First Amendment”) (for purposes of the remainder of this Second Amendment, the term "Note" shall mean the
Note as heretofore amended by said First Amendment); and

 

WHEREAS, pursuant to
the First Amendment, all outstanding principal amount is otherwise to become due and payable on the 26th day of August
2013; and

 

WHEREAS, Maker wishes
to receive an extension of the Note, and the Payee is willing to so extend the Note; and

 

WHEREAS, the parties
hereto desire to amend the Note upon the terms, provisions and conditions set forth herein;

 

AGREEMENT:

 

NOW, THEREFORE, in
consideration of the mutual promises herein, the parties hereto hereby agree as follows (all undefined, capitalized terms used
herein shall have the meanings assigned to such term in the Note):

 

		1.	Amendment to the Note. In consideration of the mutual promises herein, the Note shall be
amended so that all outstanding principal of this Note ($150,000) and interest that has heretofore accrued or hereafter accrues,
on such Note shall become due and payable in a single balloon payment on 26th day of September 2013, notwithstanding
anything else provided for in the Note.

 

    	 

    	 

    

		2.	Miscellaneous. Except as otherwise expressly provided herein, the Note is not amended, modified
or affected by this Second Amendment. Except as expressly set forth herein, all of the terms, conditions, covenants, representations,
warranties and all other provisions of the Note are herein ratified and confirmed and shall remain in full force and effect. On
and after the date on which this Second Amendment becomes effective, the terms, “Note,” “herein,” “hereunder”
and terms of like import, when used herein or in the Note shall, except where the context otherwise requires, refer to the Note,
as amended by this Second Amendment. This Second Amendment may be executed in counterparts, and it shall not be necessary that
the signatures of all parties hereto be contained on any one counterpart hereof, each counterpart shall be deemed an original but
all of which together shall constitute one and the same instrument. This Second Amendment shall be deemed fully executed and delivered
when duly signed by the signatories and delivered via “PDF” or facsimile transmission.

 

IN WHITNESS WHEREOF, the undersigned have
set their hands hereunto as the first date written above.

 

	DISCOVERY ENERGY CORP., 
 a Nevada corporation	LIBERTY PETROLEUM CORPORATION,
 an Arizona corporations
	 	 	 	 
	 	 	 	 
	 	 	 	 
	By:	Keith J. McKenzie	By:	/s/ Lane Franks    
	 	Keith J. McKenzie,	 	Lane Franks,
	 	Chief Executive Officer	 	Presidenta50692301_ex4-1.htm

EXHIBIT 4.1

 

THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS DATED ____________ , 2013 (THE “PROSPECTUS”) AND ARE INCORPORATED HEREIN BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM CONTINENTAL STOCK TRANSFER & TRUST COMPANY, THE SUBSCRIPTION AGENT, BY CALLING (212) 845-3324.

 

Legend International Holdings, Inc.

Incorporated under the laws of the State of Delaware

 

NON-TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE

 

Evidencing Non-Transferable Subscription Rights to Purchase Shares of

Common Stock, Par Value $0.001 per share, of Legend International Holdings, Inc.

 

Subscription Price: $0.05 per full share

 

THE SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE

5:00 P.M., NEW YORK CITY TIME, ON _________________, 2013

 

 

REGISTERED OWNER:

 

THIS CERTIFIES THAT the registered owner whose name is inscribed hereon is the owner of the number of non-transferable subscription rights (“Rights”) set forth above. The Rights entitle the holder thereof to subscribe for and purchase shares of common stock, par value $0.001 per share (the “Common Stock”), of Legend International Holdings, Inc., a Delaware corporation (the “Company”), at a subscription price of $0.05 per full share, pursuant to a rights offering (the “Rights Offering”), on the terms and subject to the conditions set forth in the Prospectus.

 

Each Right includes a subscription privilege. Under the subscription privilege, for each share of common stock owned as of the record date of the Rights Offering, the holder hereof is entitled to purchase one (1) share of Common Stock at the subscription price of $0.05 per full share.

 

The Rights represented by this Subscription Rights Certificate may be exercised by completing Form 1 and any other appropriate forms on the reverse side hereof and by returning the full payment of the subscription price for each share of Common Stock in accordance with the instructions contained herein.

 

This Non-Transferable Subscription Rights Certificate is not valid unless countersigned by Continental Stock Transfer & Trust Company, the Subscription Agent. Witness the seal of Legend International Holdings, Inc. and the signatures of its duly authorized officers:

 

DATED: _______________________, 2013

 

 

 

	 	 	 
	President and Chief Executive Officer	 	Secretary

 

  

  

  

 

EXHIBIT 4.1

 

DELIVERY OPTIONS FOR NON-TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE

 

Deliver other than in the manner or to the addresses listed below will not constitute valid delivery.

 

If delivering by hand or overnight courier or first class mail:

 

Continental Stock Transfer & Trust Company

17 Battery Place, 8th Floor

New York, NY, 10004

USA

PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY

 

FORM 1 – EXERCISE OF SUBSCRIPTION RIGHTS

 

To subscribe for shares of Common Stock pursuant to your subscription privilege, please complete lines (a) and (b) and sign under Form 3. If you do not indicate the number of Rights being exercised, or if you do not forward the full subscription payment for the number of Rights that you indicate are being exercised, then you will be deemed to have exercised the maximum number of Rights that may be exercised with the aggregate subscription payment you delivered to the Subscription Agent. Any excess subscription payments received by the Subscription Agent will be returned, without interest, as soon as practicable.

 

(a) EXERCISE OF SUBSCRIPTION PRIVILEGE:

 

I apply for shares x $0.05 = $

(no. of new shares) (subscription price) (amount enclosed)

 

 (b) PAYMENT:

 

Total Amount of Payment Enclosed = $

 

Method of Payment:

 

All payments must be made in U.S. dollars by cashier’s or certified check drawn upon a U.S. bank payable to “Continental Stock Transfer & Trust Company. (acting as Subscription Agent for Legend International Holdings, Inc.)”. The Subscription Agent will not accept payment by any other means.

 

FORM 2 – DELIVERY TO DIFFERENT ADDRESS

 

If you wish for the Common Stock underlying your Rights to be delivered to an address different from that shown on the face of this Subscription Rights Certificate, please enter the alternate address below, sign under Form 3 and have your signature guaranteed under Form 4.

 

_________________________________________

_________________________________________

_________________________________________

 

  

  

  

 

EXHIBIT 4.1

 

FORM 3 – SIGNATURE

 

TO SUBSCRIBE: I acknowledge that I have received the Prospectus for the rights offering and I hereby irrevocably subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus.

 

This form must be signed by the registered holder(s) exactly as their name(s) appear(s) on the certificate(s) or by person(s) authorized to sign on behalf of the registered holder(s) by documents transmitted herewith.

 

Signature(s): _________________________________________

 

Signature(s): _________________________________________

 

Date: _________________________________________

 

Daytime Telephone Number: _________________________________________

 

IMPORTANT: The signature(s) must correspond with the name(s) as printed on the reverse of this Subscription Rights Certificate in every particular, without alteration or enlargement, or any other change whatsoever.

 

FORM 4 – SIGNATURE GUARANTEE

 

This form must be completed if you have completed any portion of Form 2.

 

Signature Guaranteed:

 

(Name of Bank or Firm)

 

By:

 

(Signature of Officer)

 

IMPORTANT: The signature(s) should be guaranteed by an eligible guarantor institution (bank, stock broker, savings & loan association or credit union) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15.

 

THE RIGHTS OFFERING HAS BEEN REGISTERED OR QUALIFIED OR IS BELIEVED TO BE EXEMPT FROM REGISTRATION OR QUALIFICATION ONLY UNDER THE FEDERAL LAWS OF THE UNITED STATES AND THE LAWS OF THE STATES IN THE UNITED STATES. RESIDENTS OF OTHER JURISDICTIONS MAY NOT PURCHASE THE SECURITIES OFFERED HEREBY UNLESS THEY CERTIFY THAT THEIR PURCHASES OF SUCH SECURITIES ARE EFFECTED IN ACCORDANCE WITH THE APPLICABLE LAWS OF SUCH JURISDICTIONS.

 

FOR INSTRUCTIONS ON THE USE OF NON-TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATES, CONSULT CONTINENTAL STOCK TRANSFER & TRUST COMPANY, THE SUBSCRIPTION AGENT, AT (212) 845-3324. THE RIGHTS OFFERING EXPIRES AT 5:00 P.M., NEW YORK CITY TIME, ON _______________, 2013, AND THIS NON-TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE IS VOID THEREAFTER.

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