SECOND ADDENDUM TO CONTRACT

Exhibit 10.1

SECOND ADDENDUM TO CONTRACT

This second addendum (“Second Addendum”) to the COMMERCIAL CONTRACT (“Contract”) with an Effective Date of January 12, 2015 between MagneGas Corporation (“Seller”), and Xxx Xxxxxxx, Inc. or Assigns (“Buyer”), regarding certain real property located at 0000 Xxxxxxxxx Xx., Xxxxxx Xxxxxxx, XX 00000 (consisting of parcel #’s 01-27-15-00000-310-0200 & 01-27-15-00000-310-0210)

The clauses below shall be incorporated into the Contract referenced above:

1. The Due Diligence Period referenced in section 7B of the Contract expires on March 10th, 2015.

2. The Closing Date referenced in section 4A and Section 22 (Additional Terms) of the Contract is hereby changed to March 31st, 2015.

3. The Purchase Price referenced in section 2 of the Contract is hereby changed to $450,000.

SIGNATURES, INITIALS, DOCUMENTS REFERENCED IN THIS SECOND ADDENDUM, COUNTERPARTS AND WRITTEN MODIFICATIONS COMMUNICATED ELECTRONICALLY OR ON PAPER WILL BE ACCEPTABLE FOR ALL PURPOSES, INCLUDING DELIVERY, AND WILL BE BINDING.

Unless specifically modified or amended by this Second Addendum, all other terms, conditions and provisions of the Contract between the parties shall remain in full force and effect. To the extent any of the terms, conditions and provisions of this Second Addendum are contrary to any of the terms, conditions and provisions of the Contract or any previous Addendum, the terms, conditions and provisions of this Second Addendum shall prevail.

Seller:		Buyer:
Printed Name		Printed Name
Title		Title
Date		Date