Document:

Silver Dragon Resources Inc.: Exhibit 10.10 - Prepared by TNT Filings
Inc.

Exhibit 10.10 

DECLARATION OF TRUST 

Made this 16th day of August, 2006. 

WHEREAS 

1.     Silver
Dragon Resources Inc. (the "Beneficiary") does not have a brokerage account for
the purpose of purchasing and selling marketable securities. 

2.    
Travellers International Inc. (the "Trustee") does have a brokerage account. 

3.     The
Trustee agreed to purchase marketable securities on behalf of the Beneficiary
with funds provided by the Beneficiary. 

4.     The
Beneficiary provided the Trustee with the sum of $1,000,000.00 (the "Funds
Advanced") for the purpose of buying marketable securities on behalf of the
Beneficiary. 

5.     The
Trustee purchased the following marketable securities (the "Securities") using
the entire amount of the Funds Advanced: 

	
    ISHARES SILVER TRUST (SLV)
	
    2,500 SHARES

	
    QUALCOMM (QCOM)
	
    35,000 SHARES

NOW THEREFORE THIS DECLARATION WITNESSES: 

1.     The
undersigned hereby acknowledges and confirms that the interest in the said
Securities is held for and solely on behalf of the Beneficiary. 

2.     This
Declaration of Trust shall be binding upon and enure to the benefit of the
heirs, executors, administrators, successors and assigns of the undersigned. 

3.     We
hereby acknowledge that we: 

(a) understand our rights and obligations under this
Declaration of Trust; 

(b) understand the nature and effect of this Declaration of Trust; 

(c) acknowledge that the provisions of this Declaration of Trust are equitable
in all circumstances; 

(d) are signing this Declaration of Trust voluntarily. 

IN WITNESS WHEREOF the undersigned have set their hands and seals. 

	
    SIGNED, SEALED AND DELIVERED ) 
    TRAVELLERS INTERNATIONAL INC.
	    
    In the Presence of	)
	 	)
		) Per:
    _________________________
	 	)         
    MARC HAZOUT - President
	 	)

In consideration of the Trustee agreeing to act as trustee
and executing the Declaration of Trust herein, the undersigned hereby covenants
and agrees to indemnify and save harmless the Trustee from any and all
liabilities arising out of the trusteeship of the said Trustee 

	Dated this 16th day of
    August, 2006	 
	 	SILVER DRAGON
    RESOURCES INC.
	 	 
	 	 
	 	Per:
	 	MARC HAZOUT -
    PresidentEngagement Agreement between the Company and Westminster Securities Corp.

    

      [
        letterhead of Westminster Securities Corp.]

    

    

    

    

    January
      2007

    

    River
      Hawk Aviations, Inc.

    1023
      Business Park Drive

    Traverse
      City, MI 49686

    

    

    

    RE:
      Engagement Letter for River Hawk.

    

    

    

    Dear
      Mr.
      Humphrey,

    

    We
      are
      pleased to submit to you this binding Engagement Letter (the “Agreement”) that
      sets forth the arrangement whereby Westminster Securities Corp. (“Westminster”)
      will act as exclusive placement agent to River Hawk Aviation, Inc., f/k/a Viva
      International, Inc., and its respective affiliates or successor corporations
      or
      partnerships (collectively referred to as the “Company”), and provide other
      non-exclusive investment banking services to facilitate the growth of the
      Company.

    

    We
      propose to offer the following services, as may be appropriate:

    

    	·  	
            Secure
              financing for the Company of up to $6 Million in common stock or other
              equity-linked securities, in one or more financings (collectively,
              the
              “Financing”), in amounts and upon terms acceptable to the Company.
              

          

    

    	·  	
            Introduce
              the Company to and advise about companies that are appropriate for
              merger,
              acquisition, or strategic partnership.

          

    

    	·  	
            Assist
              the Company in its listing application with the Nasdaq Global Market
              /
              Nasdaq Capital Market / American Stock
              Exchange.

          

    

    	·  	
            Introduce
              the Company to appropriate U.S. legal or accounting firms as may be
              necessary.

          

    

    	·  	
            Render
              such other financial advisory and investment banking services as may
              from
              time to time be necessary or appropriate to accomplish the Company’s
              objectives, as may be agreed upon by Westminster and the
              Company.

          

     

    

      100
        Wall
        Street, 7th
        Floor,
        New York NY 10005 Tel: (212) 878-6500 Fax: (212) 878-6598

    
      
         

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    Our
      proposed services under this Agreement are subject to the following conditions
      (all consideration payable in US Dollars unless otherwise agreed):

     

    

    	1.  	
            Cash
              Consideration:
              At each closing of Financing, the Company shall pay to Westminster
              a cash
              commission equal to 10% of the gross proceeds of each such closing
              (the
              “Cash Fees”). The Company shall also reimburse Westminster for its
              non-accountable expenses in connection with the Financing, calculated
              as
              3% of the gross proceeds of each closing, payable at each closing of
              Financing.

          

    
      

      
        	  	
                
                  Additionally,
                    at the time of the first closing of Financing, the Company shall
                    pay to
                    Westminster a cash bonus of $10,000 (the “Cash Bonus”).
                    

                

              

      

    

    

    
      	2.  	
              Equity
                Consideration:
                Additionally, the Company shall issue to Westminster or its designees
                90,000 shares of the Company’s common stock, which shares shall have
                “piggyback” registration rights to be included in the Company’s next
                registration statement under the Securities Act of 1933, as amended,
                excepting a registration on Form S-4 or S-8. Prior to any registration,
                the shares of the shares will be restricted subject to the Securities
                Act
                of 1933 unless an exemption under Rule 144, Section 4 (2) or otherwise
                becomes available.

            

    

     

    
      
        	3.  	
                Warrant
                  Consideration:
                  At each closing of Financing, the Company shall issue to Westminster
                  or
                  its designees warrants to purchase 10% of the total common stock
                  issued
                  and issuable from the Financing (including common stock underlying
                  warrants and convertible securities), exercisable at the lowest
                  of the
                  purchase, conversion, or exercise price per share of any securities
                  issued
                  to investors in such Financing. Such warrants shall have registration,
                  antidilution, and cashless exercise rights under the same terms
                  as any
                  warrants issued to investors in such Financing, and otherwise under
                  customary, mutually agreeable
                  terms.

              

      

       

    

    
      
        
          	4.  	
                  Merger
                    or Acquisition Fee:
                    At each closing of a merger, acquisition, or sale of the Company
                    (each, a
                    “Transaction”) in which Westminster introduced or provided assistance with
                    the Transaction, Westminster shall be compensated as
                    follows:

                

        

         

      

      
        
          
            
              	  	
                      In
                        the event of a merger with or acquisition of a company with
                        ongoing
                        operations, either public or private, or an outright sale
                        of the Company,
                        the Company will pay Westminster a cash fee equal to 3% of
                        the total
                        transaction value which includes (i) cash, notes, securities
                        and other
                        property of value; (ii) liabilities (x) assumed by the purchaser
                        (in the
                        case of a sale of assets) and/or (y) existing on the Company’s balance
                        sheet at the time the transaction is consummated (in the
                        case of a merger
                        or sale of stock); (iii) payments to be made in installments;
                        (iv) amounts
                        paid or payable under consulting, supply, service, distribution,
                        licensing
                        or lease agreements not to compete or similar arrangements
                        (including such
                        payments to management); and, (v) contingent payments (whether
                        or not
                        related to future earnings or
                        operations).

                    

            

             

          

        

      

    

    	5.  	
            Exclusivity/Westminster
              Rights:
              In addition to the rights and benefits defined elsewhere in this
              Agreement, the Company agrees that Westminster shall have the following
              defined rights:

          

     

    
      
        	 	
                a.

              	
                Upon
                  execution hereof, Westminster shall become the Company’s exclusive agent
                  for debt and equity placements for the period commencing with execution
                  and ending on March 31, 2007. In the event that Westminster is
                  able to
                  secure at least $3,000,000 of Financing prior to March 31, 2007,
                  the
                  Company shall extend the period of exclusivity with regards to
                  Westminster’s placement agent services through June 30, 2007; in the event
                  that Westminster is able to secure additional Financing in the
                  amount of
                  $2,000,000 prior to June 30, 2007 (for a total of $5,000,000 in
                  Financing), the Company shall extend the period of exclusivity
                  with
                  regards to Westminster’s placement agent services through June 30,
                  2008.

              

      

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

      
        	 	
                b.

              	
                Westminster
                  shall have the non-exclusive right to offer strategic alliances
                  and merger
                  and/or acquisition opportunities to the Company, subject to mutually
                  agreed upon terms and conditions.

              
	 	 	 
	 	
                c.

              	
                In
                  connection with the Financing, Westminster shall have the right
                  to
                  associate itself with other members of the National Association
                  of
                  Securities Dealers, Inc. (“NASD”) and/or agents who will share in
                  compensation. The selection of other agents and their compensation
                  shall
                  be at Westminster’s sole discretion.

              
	 	 	 
	 	
                d.

              	
                Westminster
                  shall have the right to receive quarterly financial statements
                  from the
                  Company. At its option, Westminster shall have visitation rights
                  to all
                  board meetings and/or the right to occupy a board seat.

              
	 	 	 
	 	
                e.

              	
                Until
                  the later of (i) two (2) years from the date of this Agreement
                  or (ii) one
                  (1) year following termination of this Agreement, Westminster shall
                  be
                  entitled to receive, and the Company shall be obligated to pay
                  to
                  Westminster, the fees set forth in Paragraphs 1, 2, 3 and 4 herein
                  with
                  respect to any such transactions entered into by the Company with
                  any
                  entity introduced directly or indirectly to the Company by Westminster
                  or
                  with whom Westminster was working on behalf of the Company at the
                  Company’s direction.

              

      

    

     

    	6.  	
            Indemnification:
              The Company agrees to indemnify Westminster to the extent of and in
              accordance with the provisions of Schedule A hereto, which is incorporated
              by reference herein and made a part
              hereof.

          

    

    	7.  	
            Due
              Diligence:
              This Agreement is subject to customary due diligence by Westminster.
              The
              Company shall assist with and take whatever actions necessary to
              facilitate Westminster’s due diligence review of the Company and its
              operations, and will reimburse Westminster for its out-of-pocket due
              diligence expenses. 

          

     

    	8.  	
            Expenses: The
              Company will reimburse Westminster for its accountable fees, not to
              exceed
              $10,000 unless otherwise approved by the Company in writing, disbursements
              and expenses in connection with the services proposed in this Agreement,
              including, but not limited to, Westminster’s: (i) legal fees, (ii) travel,
              telecommunications and entertainment expenses, (iii) printing and mailing
              costs, and (iv) due diligence review expenses. Reimbursement shall
              be made
              within twenty (20) days of receipt of invoice by the Company or, if
              earlier, at any closing of Financing. The Company shall also reimburse
              Westminster upon presentation of any costs incurred by Westminster
              for
              collection of any fees due to Westminster under this Agreement, including
              but not limited to reasonable attorneys’ fees and court costs.
              

          

    

    	9.  	
            Neither
              party will make any public or other disclosures concerning any proposed
              Financing or Transaction pursuant to this Agreement, except with respect
              to the solicitation of any Financing or Transaction, subject to any
              agreement between the parties, applicable law, and each party’s legal
              obligations. Subsequent to the closing of any Financing or Transaction,
              and subject to each party’s legal obligations, each party may make factual
              references to the Financing or Transaction, provided any press releases
              or
              other descriptive disclosures referencing the other party shall require
              the other party’s prior written consent. 

          

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
 

    	10.  	
            Westminster
              shall not be obligated to provide advice or perform services to the
              Company that are not specifically addressed in this Agreement. In
              connection with Westminster providing the services described above,
              the
              Company shall provide Westminster with any information that Westminster
              reasonably requires. The Company hereby acknowledges that Westminster
              will
              be using and relying on said information without independent verification
              and that Westminster assumes no responsibility for the accuracy and
              completeness of any information provided to it by the Company.
              

          

    

    	11.  	
            The
              Company hereby acknowledges that Westminster is not a fiduciary of
              the
              Company and that Westminster makes no representations or warranties
              regarding the Company’s ability to secure financing, whether now or in the
              future. The obligations of Westminster described in this Agreement
              consist
              solely of best efforts services to the Company, and in no event shall
              Westminster be required to act as the agent of the Company or to provide
              legal or accounting services. All final decisions with respect to acts
              of
              the Company or its affiliates, whether or not made pursuant to or in
              reliance upon information or advice furnished by Westminster hereunder,
              shall be those of the Company or such affiliates, and Westminster shall
              under no circumstances be liable for any expense incurred or loss suffered
              by the Company as a consequence of such
              decisions.

          

    

    	12.  	
            This
              Agreement will be governed by and construed in accordance with the
              laws of
              the State of New York, without giving effect to its conflict of laws
              principles or rules. If a dispute or claim shall arise with respect
              to any
              of the terms or provisions of this Agreement, or with respect to the
              performance by any of the parties under this Agreement, then the parties
              agree to submit the dispute to binding and non-appealable arbitration
              in a
              venue located in New York, NY in accordance with the rules of the American
              Arbitration Association (“AAA”). The prevailing party shall be reimbursed
              by the nonprevailing party for all reasonable attorney's fees and costs
              (including all arbitration costs) incurred by the prevailing party
              in
              resolving such dispute. Any award rendered in arbitration may be enforced
              in any court of competent jurisdiction.

          

    

    	13.  	
            This
              Agreement shall be binding upon and inure to the benefit of the parties
              and their respective successors and authorized assigns. Any attempt
              by
              either party to assign any rights, duties or obligations which may
              arise
              under this Agreement without the prior written consent of the other
              party
              shall be void.

          

    

    	14.  	
            This
              document contains the entire agreement between the parties with respect
              to
              the subject matter hereof, and neither party is relying on any agreement,
              representation, warranty, or other understanding not expressly stated
              herein. In the event that any provision of this Agreement shall be
              held to
              be invalid, illegal or unenforceable in any circumstances, the remaining
              provisions shall nevertheless remain in full force and effect and shall
              be
              construed as if the unenforceable portion or portions were
              deleted.

          

    

    	15.  	
            The
              parties acknowledge that certain provisions of this Agreement must
              survive
              any termination or expiration thereof in order to be fair and equitable
              to
              the party to whom any promise or duty to perform is owed under such
              provision prior to such termination or expiration of the Agreement.
              Therefore, the parties agree that each of the numbered provisions herein
              shall survive the termination or expiration of this Agreement for the
              period required to meet and satisfy any obligations and promises arising
              therein and thereunder.

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    	16.  	
            This
              Agreement may be executed in counterparts, each of which shall be deemed
              an original and all of which together will constitute one and the same
              instrument.

          

    

    

    [SIGNATURE
      PAGE TO ENGAGEMENT LETTER]

    

    

    If
      the
      foregoing correctly sets forth the understanding between us, please sign below
      where indicated. 

    

    Very
      truly yours,

    

    WESTMINSTER
      SECURITIES CORP.

    

    

    By:
       /s/
      John P. O’Shea   

    Name:
       John
      P.
      O’Shea

    Title: Chairman
      & CEO

    

    

    

    

    River
      Hawk Aviation, Inc.

    

    

    By:
       /s/
      Calvin Humphrey   

    Name:
      Calvin Humphrey

    Title:
      Chief Executive Officer, Chairman 

    

    ACCEPTED
      AND AGREED TO AS OF THE ____ DAY OF __________, 2007.   

    

    
      
         

        

         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
      A TO ENGAGEMENT LETTER

    

    INDEMNIFICATION

    

    

    The
      Company agrees to indemnify Westminster, its employees, directors, officers,
      agents, affiliates, and each person, if any, who controls it within the meaning
      of either Section 20 of the Securities Exchange Act of 1934 or Section 15 of
      the
      Securities Act of 1933 (each such person, including Westminster, is referred
      to
      as an "Indemnified Party") from and against any losses, claims, damages and
      liabilities, joint or several (including, all legal to other expenses reasonably
      incurred by an Indemnified Party in connection with the preparation for or
      defense of any threatened or pending claim, action or proceeding, whether or
      not
      resulting in any liability) ("Damages"), to which such Indemnified Party in
      connection with its services or arising out of its engagement hereunder, may
      become subject under any applicable Federal or state law or otherwise, including
      but not limited to, liability (i) caused by or arising out of an untrue
      statement or an alleged untrue statement of a material fact or the omission
      or
      the alleged omission to state a material fact necessary in order to make the
      statement not misleading in light of the circumstances under which it was made,
      (ii) caused by or arising out of any act, or (iii) arising out of Westminster's
      engagement or the rendering by any Indemnified Party of its services under
      this
      Agreement; provided, however, that Company will not be liable to the Indemnified
      Party hereunder to the extent that any damages are found in a final
      non-appealable judgment by a court of competent jurisdiction to have resulted
      from the gross negligence, bad faith or willful misconduct of the Indemnified
      Party seeking indemnification hereunder.

    

    These
      indemnification provisions shall be in addition to any other liability, which
      Company may otherwise have to any Indemnified Party.

    

    If
      for
      any reason other than a final non-appealable judgment finding any Indemnified
      Party liable for Damages for its gross negligence, bad faith or willful
      misconduct the foregoing indemnity is unavailable to an Indemnified Party or
      insufficient to hold an Indemnified Party harmless, then Company shall
      contribute to the amount paid or payable by an Indemnified Party as a result
      of
      such Damages in such proportion as is appropriate to reflect not only the
      relative benefits received by Company and its shareholders on the one hand
      and
      Westminster on the other, but also the relative fault of Company and the
      Indemnified Party as well as any relevant equitable considerations, subject
      to
      the limitation that in no event shall the total contribution of all Indemnified
      Parties to all such Damages exceed the amount of fees actually received by
      Westminster hereunder.

    

    Promptly
      after receipt by the Indemnified Party of notice of any claim or of the
      commencement of any action in respect of which indemnity may be sought, the
      Indemnified Party will promptly notify Company in writing of the receipt or
      commencement thereof; however Company shall not have the right to assume the
      defense of such claim or action (including the employment of counsel). The
      Indemnified Party shall have the right to retain counsel reasonably satisfactory
      to Company, at Company's expense, to represent the Indemnified Party in any
      claim or action in respect of which indemnity may be sought and agrees to
      cooperate with Company and Company's counsel in the defense of such claim or
      action. The omission by an Indemnified Party to promptly notify Company of
      the
      receipt or commencement of any claim or action in respect of which indemnity
      may
      be sought will relieve Company from any liability Company may have to such
      Indemnified Party only to the extent that such a delay in notification
      materially prejudices Company's ability to defend such claim or action. Company
      shall not be liable for any settlement of any such claim or action effected
      without its written consent, which shall not be unreasonably withheld or
      delayed. 

    

    

    Initials
      _________ Initials __________

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