ContractTermination of Letter of Intent and Mutual Release Agreement • July 1st, 2016 • Avalanche International, Corp. • Industrial organic chemicals
TERMINATION OF LETTER OF INTENT AND MUTUAL RELEASE AGREEMENT This Termination of Letter of Intent and Mutual Release Agreement(this "Termination and Release") is entered into on May 12, 2016 and is effective as of May 4, 2016 (the "Effective Date") and is by and between Avalanche International Corp, a Nevada corporation ("Avalanche"), JS Technologies, Inc., a California corporation ("JSTech"), Steve Smith ("SSmith"), Joleen Smith ("JSmith"), John Suhr ("JSuhr"), Aura Suhr ("ASuhr"), and Kevin Suhr ("KSuhr") and together with SSmith, JSmith, JSuhr, and ASuhr, the "Sellers"). Avalanche, JSTech, and the Sellers may each be referred to herein as a "Party" and collectively as the "Parties." RECITALS WHEREAS, the Parties are parties to that certain Letter of Intent dated June 12, 2015 (the "Original Agreement"), as amended by an Amendment to Letter of Intent dated August 4, 2015 (the "First Amendment"); WHEREAS, the Parties desire to terminate the Original Agreement, as amended by the First
