Top Two Pair Facing Flop Raise

Villain is tight, 12/8/2 TotalAF 3, TotalAFq 42.

Full Tilt No-Limit Hold'em, $0.10 BB (9 handed) - Full Tilt Converter Tool from http://www.flopturnriver.com

UTG ($11.37)
UTG+1 ($4)
MP1 ($10.53)
MP2 ($13.47)
MP3 ($11.96)
CO ($12.58)
Button ($13.03)
SB ($9.80)
Hero (BB) ($11.77)

Preflop: Hero is BB with J, 10
5 folds, CO bets $0.35, 2 folds, Hero calls $0.25

Flop: ($0.75) J, 9, 10 (2 players)
Hero bets $0.70, CO raises to $3

My range for him after he raises is 99+, 78s, KQ, which i have ~35% equity against. My donk will suggest to him a made hand, which i am defending against the draw. He doesnt hesitate and rolls over the top.

Hero folds?

Edit: I am giving villain credit that he wont chase his draws bc he doesnt have the pot odds.