AMENDMENT NO. 4 TO
ASSET PURCHASE AND SALE AGREEMENT
DATED JUNE 14, 2007
THIS AMENDMENT NO. 4 to Asset Purchase
and Sale Agreement is made and entered into this 30
th day of January, 2008, by and among GLOBAL
CASINOS, INC. a Utah corporation ("Global"); and DOC
HOLLIDAY CASINO, LLC, a Colorado limited liability company
(“Doc Holliday”).
WITNESETH:
WHEREAS , the parties executed and
delivered a certain Asset Purchase and Sale Agreement dated as
of June 14, 2007, as amended by Amendment No. 1 thereto dated
September 28, 2007 and by Amendment No. 2 thereto dated November
30, 2007 and by Amendment No. 3 thereto dated December 5, 2007
(the “Agreement”); and
WHEREAS , the parties desire to modify
and amend certain provisions of the Agreement in the particulars
herein below set forth.
NOW, THEREFORE, in consideration of the
mutual covenants and agreements herein contained the parties
agree as follows:
1.
Section 3 of the Agreement is hereby further
amended to provide the following:
3.2
Purchase
Price.
Section 3.2(f)
is added to provide as follows:
“3.2(f) At Closing, Buyer
shall receive credit against the cash portion of the Purchase
Price for the value of chips and/or tokens determined in the
final drop to be in the float per a mutually agreed upon
formula.”
3.3(b) is hereby amended in its
