Exhibit 10.1

 

November 23, 2018

 

STRICTLY CONFIDENTIAL

 

Robert P. Vogels

Golden Minerals Company

350 Indiana Street, Suite 800

Golden, Colorado 80401

 

Dear Mr. Vogels:

 

This letter (the “Amendment”) constitutes an agreement between Golden Minerals
Company (the “Company”) and H.C. Wainwright & Co., LLC (now known only as “H.C.
Wainwright & Co., LLC”) (the “Manager”) to amend the At The Market Offering
Agreement, dated as of December 20, 2016, as amended on September 29, 2017,
between the Company and the Manager (the “ATM Agreement”), as follows:

 

1.              Section 8(c) of the ATM Agreement is hereby amended and restated
as follows:

 

“This Agreement shall remain in full force and effect until the earlier of
December 20, 2020 and such date that this Agreement is terminated pursuant to
Sections 8(a) or (b) above or otherwise by mutual agreement of the parties;
provided that any such termination by mutual agreement shall in all cases be
deemed to provide that Sections 5, 6, 7, 8, 9, 10, 12 and 14 shall remain in
full force and effect.”

 

Except as expressly set forth above, all of the terms and conditions of the ATM
Agreement shall continue in full force and effect after the execution of this
Amendment and shall not be in any way changed, modified or superseded by the
terms set forth herein.

 

This Amendment may be executed in two or more counterparts and by facsimile or
“.pdf” signature or otherwise, and each of such counterparts shall be deemed an
original and all of such counterparts together shall constitute one and the same
agreement.

 

[remainder of page intentionally left blank]

 

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In acknowledgment that the foregoing correctly sets forth the understanding
reached by the Manager and the Company, please sign in the space provided below,
whereupon this Amendment shall constitute a binding amendment to the ATM
Agreement as of the date indicated above.

 

 

Very truly yours,

 

 

 

H.C. WAINWRIGHT & CO., LLC

 

 

 

By:

/s/ Mark Viklund

 

Name:

Mark Viklund

 

Title:

Chief Executive Officer

 

Accepted and Agreed:

 

 

 

GOLDEN MINERALS COMPANY

 

 

 

By:

/s/ Robert P. Vogels

 

 

 

Name:

Robert P. Vogels

 

 

Title:

Senior Vice President and Chief Financial Officer

 

 

[SIGNATURE PAGE TO AUMN AMENDMENT TO ATM AGREEMENT]

 

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