Exhibit 10.1
FOURTH AMENDMENT TO ASSET PURCHASE AGREEMENT
THIS FOURTH AMENDMENT to
Asset Purchase Agreement is dated this 14th day of January, 2008,
by and among Wits Basin Precious Minerals Inc. (the
“Purchaser” ),
Central City Mining Corp. and George Otten (collectively,
the
“Sellers” and
each individually as a
“Seller” ),
and Hunter Gold Mining Corp. and Hunter Gold Mining Inc.
(collectively the
“Covenantors” and
each a
“Covenantor” )
(the Purchaser, Sellers and Covenantors are individually or
collectively, as the case may be, a “
Party ”
or “
Parties ”).
RECITALS:
The
Parties entered into an Asset Purchase Agreement dated on or about
September 20, 2006, for the sale and purchase of assets, real
estate and real estate mining claims described in such asset
purchase agreement, which was amended by that certain First
Amendment to Asset Purchase Agreement dated October 31, 2006, that
Second Amendment to Asset Purchase Agreement dated as of March 1,
2007 and that Third Amendment to Purchase Agreement dated May 31,
2007 (collectively, “
Purchase Agreement ”);
and the wish to amend the Purchase Agreement on the terms and
conditions hereafter set forth.
AGREEMENT
NOW,
THEREFORE, in consideration of the foregoing, the parties agree
that the Purchase Agreement shall be revised as
follows:
1. The
reference to $800,000 in Section 3.1(a) is hereby revised to be
$2,500,000.
2.
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