Exhibit
10.2
AMENDMENT NO. 1 TO
THE
COMMON STOCK PURCHASE
AGREEMENT
This AMENDMENT NO. 1 TO THE COMMON STOCK
PURCHASE AGREEMENT (the “ Amendment ”) is
made effective this December 1, 2008, amends that certain Common
Stock Purchase Agreement (the “ Purchase Agreement
”), dated October 9, 2008, by and among Denly ACI
Partners, Ltd. , a Texas limited partnership (“ Denly
ACI ”), and Dennis C. von Waaden, and Sally A. von
Waaden, as Co-Trustees ofThe von Waaden 2004 Revocable Trust
(the “ Trustees ”), and America West
Resources, Inc. , a Nevada corporation (the “
Company ”). Denly ACI and the Trustees are
hereinafter collectively referred to as the “
Investors ”).
WHEREAS , the Company and Investors have agreed to make
certain changes to the Purchase Agreement;
NOW, THEREFORE
, in consideration of the above, and
for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:
1.
Section 3.01 of the Purchase Agreement is hereby amended to include
in the definition of “Loan Agreement” the original Loan
Agreement dated October 9, 2008 together with, and in addition to,
any and all amendments or restatements of the same from time to
time entered into by the parties.
2.
Section 7.02(c) of the Purchase Agreement is amended to read in its
entirety as follows:
“(c) each
of the conditions set forth at Section 7.01 above has not been
fully satisfied or waived on or before December 31,
2008.”
3.
Defined terms not defined herein shall have the meaning set forth
in the Loan Agreement.
4.
The Borrower agrees to pay a