FIRST AMENDMENTTO8%CONVERTIBLEREDEEMABLENOTES
For goodandvaluableconsideration,AVALANCHEINTERNATIONAL, CORP.,a Nevadacorporation,(the"Company"), andUNIONCAPITAL, LLC(the"Holder")hereby agree that the 8% Convertible Redeemable Notes issued from the Company to the Holder and dated May 11, 2015(a front end note anda back end note, which arecollectively, bereferred to as the "Notes'') shallbe amended asfollows:
1. Beginning onthedatehereofandforaperiodof ninety(90)daysthereafter,Holder shall,inanythirty (30) day period,convertno more than tenpercent(10%) of theprincipal amount ofthe Notedue and owing onthe date hereof to commonstock of the Company.
2. At anytimeaftertheexpirationoftheninety(90)dayperioddescribedabove,the CompanymayprepaytheNoteinaccordancewiththe terms,requirements, and premiums for such prepayment, as setforthin Section 4(c) oftheNote, whichare applicable to a prepayment made between 151 to 180 days after issuanceof the Note.
3. The conversiondiscountsetforthinSection4(a)oftheNotesshallbeincreasedby 5%from60%to55%(resultinginaneffectiveconversion discountof 45% instead of40%)
4. The lookbackperiodsetforthinSection4(a)oftheNotesshallbeincreased from twenty(20)days totwentyfive(25)days.
5. The prepaypremiumsetforthinSection4(c)ofthefrontend(144)noteshallbe increasedto150% duringthe 90day extension period. Once theback endnote has been cash funded, the prepay premium will also increase to150% during the 90 day extension period.
6. The partiesalsoagreethatthetermofcollateralizednoteissuedbytheHoldertothe CompanyonMay11,2015 shallbe extended until May 11,2016.
All othertermsoftheNotenotmodifiedbythetermsofthisAmendmentshallremaininfull forceandeffect.
IN WITNESSWHEREOF,thisFirstAmendmentto8%ConvertibleRedeemableNotehas beenexecutedeffectiveJanuary 22,2016.
"Company":
AVALANCHE INTERNATIONAL,CORP.
By:/s/ Phillip Mansour
Its: President
Print Name: Phillip Mansour
“Holder”:
UNION CAPITAL, LLC
By:/s/ Yakov D. Borenstein
Its: Member
Print Name: Yakov D. Borenstein
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