Contract
Exhibit 10.1(a)
AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT AND $550,000 PROMISSORY NOTE DATED February 21, 2017 The parties agree that the Securities Purchase Agreement and $550,000 Promissory Note by and between El Capitan Precious Metals, Inc. ("Company") and Xxxxx Xxxxxx ("Holder") is hereby amended as follows: Maturity Date: The Maturity Date shall for the first tranche of $100,000 shall be extended to November 15th, 2017. Conversion Price: The Conversion Price shall permanently be changed to equal the lesser of (a) the VWAP of the Common Stock on the trading day prior to the any Advance or (b) 75% of the average of the two lowest daily trades in the five trading days prior to the conversion notice. ALL OTHER TERMS AND CONDITIONS OF THE $550,000 PROMISSORY NOTE REMAIN IN FULL FORCE AND EFFECT. Please indicate acceptance and approval of this amendment dated July 24th, 2017 by signing below: Xxxx X. Xxxxxxxxx El Capital Precious Metals, Inc. Chief Executive Officer