Document:

NEITHER
THIS NOTE NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "ACT") OR ANY STATE SECURITIES LAWS AND NEITHER THIS NOTE NOR ANY INTEREST THEREIN NOR THE SECURITIES !NTO WHICH
THIS NOTE IS CONVERTIBLE MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER SUCH ACT AND SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.

 

AVALANCHE
INTERNATIONAL CORP., INC. (AVLP)

Convertible
Promissory Note

June
30, 2015

 

$250,000.00

 

FOR
VALUE RECEIVED, the undersigned, Avalanche International Corp., Inc. (AVLP) (Maker), promises to pay to the order of GCEF Opportunity
Fund, LLC. (Note Holder), or the successors and assigns, up to the principal sum of One Hundred Thousand Dollars ($225,000) (Principal)
plus a Loan Fee of up to Twenty Five Thousand Dollars ($25,000.00) for a total of up to Two Hundred & Fifty Thousand Dollars
($250,000), subject to the terms and conditions set forth herein. The interest rate will be Ten (10%) Percent annually, compounded
monthly until maturity. If the note is not repaid by June 30, 2016, then the interest rate will become Twenty-Four (24%) Percent,
compounded monthly from the date of the default.

 

The
funding of this note may be made in multiple tranches, of no less than Ten Thousand ($10,000.00) Dollar increments, up to the
total amount of this note of One Hundred Thousand ($225,000.00) Dollars. All funding is at the discretion of the Note Holder.
Each funding shall have a separate twelve month term relative to each funding date. All other facets of this agreement will be
the same, including, but not limited to the initial interest rate, if not repaid by the maturity date(s) and the ability to convert
this note into a convertible note per the agreement of per the terms outlined herein. The Original Issue Discount ("OID")
of Twenty-Five Thousand ($25,000.00) dollars will be pro-rata based upon ten percent (10%) of the actual amount funded.

Principal
and interest payment shall be made to: GCEF Opportunity Fund, LLC

1000
Fifth Street, Suite 200

Miami
Beach, FL 33139

 

The
principal and interest shall be due and payable at the end of the Initial Term of One (1) Year from the date of funding (expected
to be on or about June 30, 2016) without offset or deduction, in lawful money of the United States. As written above, the twelve
month Period, will carry an interest rate of Ten (10%) percent (compounded monthly), and once the original term expires without
full payment, then the interest rate shall change to Twenty-Four (24%) percent thereafter also compounded monthly.

GCEF
Opportunity Fund, LLC, 1s providing this loan as a short term funding to pay various operational expenses. This note will become
convertible into common stock of Avalanche International Corp., Inc. (AVLP) upon based upon the following conversion terms:

 

 

    	1

    	 

    

		a)	The
                                         conversion price is the lower of $1.00 or 60% of the lowest closing price of the twenty
                                         (20) days immediately preceding the date of the notice of conversion.

 

Example
1: if lowest closing price of the twenty (20) days immediately preceding the date of the notice of conversion is $2.00, then the
conversion price is $1.00 since $1.00 is less than 60% of $2.00.

Example
2: if lowest closing price of the twenty (20) days immediately preceding the date of the notice of conversion is $1.50, then the
conversion price is $.90 since 60% of $1.50 is less than $1.00.

 

		b)	The
                                         note may be converted in full at any time after the first thirty (30) days at the Holder's
                                         discretion until such time as it is fully paid.

		c)	All
                                         interest, fees and principal may be included in the conversion.

		d)	If
                                         at any time in the year following the issuance of this note, the Maker sells, grants
                                         any option to purchase, otherwise disposes of, or issues (or announces any sale, grant
                                         or any option to purchase or other disposition) any Common Stock of the Maker at an effective
                                         price per share that is lower than the Conversion Price then in effect (a "Dilutive
                                         Issuance"), then the Conversion Price shall be reduced to equal the effective price
                                         per share of such Dilutive Issuance.

		e)	If
                                         the Maker shall (i) declare a dividend or other distribution payable in securities, (ii)
                                         split its outstanding shares of Common Stock into a larger number, (iii) combine its
                                         outstanding shares of Common Stock into a smaller number, or (iv) increase or decrease
                                         the number of shares of its capital stock in a reclassification of the Common Stock including
                                         any such reclassification in connection with a merger, consolidation or other business
                                         combination in which the Maker is the continuing entity (any such corporate event, an
                                         "Event"), then in each instance the Conversion Price shall be adjusted such
                                         that the number of shares issued upon conversion of the sum due and owing hereunder will
                                         equal the number of shares of Common Stock that would otherwise be issued but for such
                                         event.

		f)	In
                                         no event may the investor own more than 9.99% of the outstanding common stock of Avalanche
                                         International Corp., Inc.

 

Avalanche
International Corp., Inc. agrees to reserve five hundred (500,000) thousand shares of unissued non-assessable shares of the common
stock of the Company and provide a Transfer Agent Irrevocable Letter of Instruction to do so.

 

The
Maker agrees that if, at any time, and from time to time, the Board of Directors of the Maker shall authorize the filing of a
registration statement under the Securities Act of 1933 on Form S-1, S-3, or S-4 in connection with the proposed offer of any
of its securities by it or any of its stockholders, the Maker shall: (A) promptly notify each Holder that such registration statement
will be filed and that the Common Stock issuable to Holder upon conversion of this Note at the Conversion Price then in effect
(the "Registrable Securities") will be included in such registration statement at such Holder's request; (B) cause such
registration statement to cover all of such Registrable Securities for which such Holder requests inclusion; (C) use best efforts
to cause such registration statement to become effective as soon as practicable; (D) use best efforts to cause such registration
statement to remain effective until the earliest to occur of (i) such date as the sellers of Registrable Securities have completed
the distribution described in the registration statement and (ii) such time that all of such Registrable Securities are no longer,
by reason of Rule 144 under the Securities Act, required to be registered for the sale thereof by such Holders; and (E) take all
other reasonable action necessary under any federal or state law or regulation of any governmental authority to permit all such
Registrable Securities to be sold or otherwise disposed of, and will maintain such compliance with each such federal and state
law and regulation of any governmental authority for the period necessary for such Holder to promptly effect the proposed sale
or other disposition.

 

The
right of any Holder to request inclusion in any registration pursuant to this Agreement shall terminate if all Registrable Securities
may immediately be sold under Rule 144.

    	2

    	 

    

Notwithstanding
any other provision of this Section, the Maker may at any time, abandon or delay any registration commenced by the Maker. In the
event of such an abandonment by the Maker, the Maker shall not be required to continue registration of shares requested by the
Holder for inclusion.

 

In
connection with any offering involving an underwriting of shares of the Maker's capital stock, the Maker shall not be required
to include any of the Registrable Securities in such underwriting unless they accept the terms of the underwriting as agreed upon
between the Maker and the underwriters selected by it, and then only in such quantity as the underwriters determine in their sole
discretion will not jeopardize the success of the offering by the Maker. If the total amount of securities, including Registrable
Securities, requested by stockholders to be included in such offering exceeds the amount of securities sold other than by the
Maker that the underwriters determine in their sole discretion is compatible with the success of the offering, then the Maker
shall be required to include in the offering only that number of such securities, including Registrable Securities, which the
underwriters determine in their sole discretion will not jeopardize the success of the offering (the securities so included to
be apportioned pro rata among the selling stockholders according to the total amount of securities entitled to be included therein
owned by each selling stockholder or in such other proportions as shall mutually be agreed to by such selling stockholders).

 

Maker
will reimburse legal expenses to Note Holder for any costs and expenses incurred in enforcing this Note to the extent allowable
by applicable law. Those expenses include, but are not limited to, reasonable attorney's fees.

 

Avalanche
International Corp., Inc. (Maker) and GCEF Opportunity Fund, LLC (Holder) waive the rights of Presentment and Notice of Dishonor.
"Presentment" means the right to require the Note Holder to demand payment of amounts due. "Notice of Dishonor"
means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

 

The
Maker represents and warrants to Holder:

 

Organization
and Qualification. The Maker, with full power and authority (corporate and other) to own, lease, use and operate its properties
and to carry on its business as and where now owned, leased, used, operated and conducted. The Maker is duly qualified as a foreign
corporation to do business and is in good standing in every jurisdiction in which its ownership or use of property or the nature
of the business conducted by it makes such qualification necessary except where the failure to be so qualified or in good standing
would not have a Material Adverse Effect. "Material Adverse Effect" means any material adverse effect on the business,
operations, assets, financial condition or prospects of the Maker or its Subsidiaries, if any, taken as a whole, or on the transactions
contemplated hereby or by the agreements or instruments to be entered into in connection herewith.

 

Authorization;
Enforcement. (i) The Maker has all requisite corporate power and authority to enter into and perform this Note and to consummate
the transactions contemplated hereby and thereby and to agree to all fees charged, in accordance with the terms hereof, (ii) the
execution and delivery of this Note by the Maker and the consummation by it of the transactions contemplated hereby and thereby
have been duly authorized by the Maker's Board of Directors and no further consent or authorization of the Maker, its Board of
Directors, or its shareholders is required, (iii) this Note has been duly executed and delivered by the Maker by its authorized
representative, and such authorized representative is the true and official representative with authority to sign this Note and
the other documents executed in connection herewith and bind the Maker accordingly, and (iv) this Note constitutes, a legal, valid
and binding obligation of the Maker enforceable against the Maker in accordance with its terms.

 

No
Conflicts. The execution, delivery and performance the Note by the Maker and the consummation by the Maker of the transactions
contemplated hereby will not (i) conflict with or result in a violation of any provision of the Articles of Incorporation or By-laws
of the Maker, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event
which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Maker or any of its
Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal
and state securities laws and regulations and regulations of any self-regulatory organizations to which the Maker or its securities
are subject) applicable to the Maker or any of its Subsidiaries or by which any property or asset of the Maker or any of its Subsidiaries
is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations
as would not, individually or in the aggregate, have a Material Adverse Effect).

 

No
Integrated Offering. Neither the Maker, nor any of its affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales in any security or solicited any offers to buy any security under

    	3

    	 

    

circumstances
that would require registration under the 1933 Act of the issuance of this note or the Conversion Stock to the Holder.

 

No
Investment Company. The Company is not an "investment company" required to be registered under the Investment Company
Act of 1940 (an "Investment Company"). The Maker is not controlled by an Investment Company.

 

This
Note is a uniform instrument with limited variations in some jurisdictions.

 

Notices.
Any notice herein required or permitted to be given shall be in writing and may be personally served or delivered by courier or
sent by United States mail and shall be deemed to have been given upon receipt if personally served (which shall include telephone
line facsimile transmission) or sent by courier or three (3) days after being deposited in the United States mail, certified,
with postage pre-paid and properly addressed, if sent by mail. For the purposes hereof, the address of the Note Holder shall be
GCEF Opportunity Fund, LLC, 1000 Fifth Street, Suite 200, Miami Beach, FL 33139; and the address of the Maker shall
be 5940 South Rainbow Ave., Las Vegas, NV 89118. Both the Holder or its assigns and the Maker may change the address for
service by delivery of written notice to the other as herein provided.

 

Amendment.
This Note and any provision hereof may be amended only by an instrument in writing signed by the Maker and the Note Holder.

 

Assignability.
This Note shall be binding upon the Maker and its successors and assigns and shall inure to be the benefit of the Holder and
its successors and assigns; provided, however, that so long as no Event of Default has occurred, this Note shall only be transferable
in whole subject to the restrictions contained in the restrictive legend on the first page of this Note.

 

Governing
Law. This Note shall be governed by the internal laws of the State of Nevada, without regard to conflicts of laws principles.

 

Replacement
of Note. The Maker covenants that upon receipt by the Maker of evidence reasonably satisfactory to it of the loss, theft,
destruction or mutilation of this Note, and in case ofloss, theft or destruction, of indemnity or security reasonably satisfactory
to it (which shall not include the posting of any bond), and upon surrender and cancellation of such Note, if mutilated, the Maker
will make and deliver a new Note of like tenor.

    	4

    	 

    

Severability.
In case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid
or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent
possible, and the validity and enforceability of the remaining provisions of this Note will not in any way be affected or impaired
thereby.

 

Headings.
The headings of the sections of this Note are inserted for convenience only and do not affect the meaning of such section.

 

Counterparts.
This Note may be executed in multiple counterparts, each of which shall be an original, but all of which shall be deemed to
constitute on instrument.

 

 

IN
WITNESS WHEREOF, with the intent to be legally bound hereby, the Maker as executed this Note as of the date first written above.

 

MAKER:

 

/s/
Phil Mansour

Phil
Mansour , President & CEO 

Avalanche
International Corp., Inc.

June
30, 2014

 

NOTE
HOLDER:

 

 

 

/s/
Eric Flesche

Eric
Flesche, Managing Member

GCEF
Opportunity Fund, LLC

Date:
June 30, 2014

    	5Exhibit 10.1

  

AMENDED AND RESTATED JOINT VENTURE AGREEMENT

Joint Venture Agreement dated as of June 9, 2015 (this "Agreement") by and between Mineracao Batovi Ltda., a Brazilian corporation ("Mineracao"), Diamante Minerals, Inc. a Nevada corporation ("Diamante"), Dr. Charles Fipke and Jose Aldo (the "Mineracao Shareholders").

W I T N E S S E T H

WHEREAS, the parties previously executed a certain agreement dated as of February 10, 2014, as amended February 25, 2014, regarding the acquisition by Diamante from Mineracao of up to a 75% interest in a joint venture in Mato Grosso, Brazil owned by Mineracao (the "Initial Agreement");

AND WHEREAS Mineracao and Diamante subsequently entered into a joint venture agreement dated November 20, 2014, as amended by a letter agreement dated February 27, 2015 (collectively the "Joint Venture Agreement") following the termination of the Initial Agreement which Joint Venture Agreement contemplated the parties participating in a joint venture with respect to certain mineral claims in Mato Grosso, Brazil (the "Claims") as detailed in Schedule "A" hereto through a newly formed Brazilian company;

AND WHEREAS Mineracao, Diamante and the Mineracao Shareholders have now determined to enter into this Agreement so as to amend and restate the Joint Venture Agreement to provide for the joint venture contemplated by the Joint Venture Agreement to be effected through holdings in Mineracao

NOW, THEREFORE, in consideration of the mutual covenants herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:

ARTICLE 1

 JOINT VENTURE ENTITY; SHARES

1.1            Joint Venture Entity. Forthwith upon execution of this Agreement Diamante will contribute $1,000,000 in cash to Mineracao for 20% of the equity interest in Mineracao, it being acknowledged that such monies are to be applied to the exploration of the Claims.

ARTICLE 2

 EARN-IN RIGHT

2.1            First Right. In order to acquire an additional 29% interest in Mineracao (the "Additional 29% Interest"), Diamante shall invest no less than an additional US$2,000,000 of exploration expenses in Mineracao no later than November 20, 2017 (the "29% Earn In Period"). The itemized detail of such expenses (as well as any other expenses incurred by Diamante in connection with this Agreement as provided for in this Agreement) shall be evidenced by the filings made by Diamante with the Securities and Exchange Commission (the "SEC") indicating the incurrence of such exploration expenses as well as any other documentary evidence submitted by Diamante to Mineracao.

- 2 -

2.2            Negotiation Rights.  Mineracao shall have the right to negotiate and enter into an agreement (a "Major Mining Agreement") with a major mining company (a "Mining Company") to operate, finance and/or construct a mine on the Claims and grant the Mining Company at least a 51% interest in Mineracao, provided that the Mining Company must commit to invest no less than US$250,000,000 in Mineracao. In the event a Major Mining Agreement is entered into the interests of Diamante and the Mineracao Shareholders shall be diluted pro rata in accordance with their percentage holdings in Mineracao, provided that, if such Major Mining Agreement is entered into during the 29% Earn In Period, Diamante may elect to exercise the First Right by forthwith paying to Mineracao the amount then remaining to be invested to acquire the Additional 29% Interest.

2.3            Profits. Any and all profits generated by Mineracao shall be allocated between Diamante and the Mineracao Shareholders according to their respective equity interests in Mineracao and paid in the form of dividends based on the assessment of the board of the directors of Mineracao.

ARTICLE 3

 MANAGEMENT OF MINERACAO

3.1            Joint Venture Entity.  The terms provided for in this Agreement shall be incorporated into the charter and bylaws of Mineracao or otherwise given effect in a manner as advised by Brazilian counsel to Mineracao.

3.2            Board.  During the period from the date hereof until the expiry of the 29% Earn In Period, and thereafter in circumstances where Diamante acquires the Additional 29% Interest, Mineracao shall be managed by a board of directors comprised of two (2) representatives from each of Diamante and the Mineracao Shareholders. In circumstances where Diamante fails to acquire the Additional 29% Interest the board of directors shall thereafter be comprised of three (3) representatives of the Mineracao Shareholders and one (1) of Diamante provided that, if Diamante's interest in Mineracao is reduced to 10% or less, Diamante shall thereafter not be entitled to any representation on the board of directors of Mineracao. Notwithstanding anything contained herein to the contrary, the affirmative approval of at least three of the four members of the board must be obtained prior to taking the following actions:

(i)            the adoption of the annual budget, including all expenditures relating to Mineracao, and any amendments thereto (the "Budget");

(ii)            the approval of financial statements and reports relating to Mineracao;

(iii)            the appointment and termination of a general manager for Mineracao, including the terms of the compensation of such manager;

(iv)            any financing or funding for Mineracao, including without limitation the authorization or issuance of any right, including, without limitation, any warrant or option or other right (contingent or otherwise) to purchase or acquire any interest in Mineracao other than as provided for herein;

- 3 -

(v)            the scope and purpose of a feasibility study for Mineracao, including the determination that the study is positive;

(vi)            the decision to mine and commence commercial production;

(vii)            the sale or lease of any claim owned by Mineracao;

(viii)            the execution of any agreement relating directly or indirectly to Mineracao, including without limitation, any off-take, lease or sale agreement or royalty arrangement;

(ix)            the encumbrance of any type of security interest in any portion of the assets or securities of Mineracao or any interest therein;

(x)            establishing any subsidiary or other company which shall have any interest in Mineracao or any portion thereof;

(xi)            the appointment of key employees, agents or consultants for Mineracao, including without limitation the terms of their compensation and benefit arrangements;

(xii)            the commencement or settlement of any litigation or threatened litigation in which the amount at issue involves more than $500,000; and

(xiii)            any termination or winding up of Mineracao.

3.3            Expenses.  Each of Diamante and Mineracao agree that all expenditures relating to Mineracao shall be allocated in accordance with the terms of this Agreement. Accordingly, as of the date hereof, until and unless Diamante achieves a 49% interest in Mineracao as provided herein or fails to acquire the Additional 29% Interest, Diamante shall be responsible for 100% of the expenses of Mineracao up until the amount of $3,000,000 in total, provided that all such expenses shall first be approved in writing by the Diamante representatives on the board of directors of Mineracao.

The bank account in the name of Mineracao shall require that both the signature of a representative of Diamante and a representative of the Mineracao Shareholders shall be required for all withdrawals from said account. Until further notice, the Diamante representative shall be Chad Ulansky and the Mineracao Shareholders' representative shall be Keiven Bauer.

Diamante and Mineracao shall cause Mineracao to engage Diamante to carry out exploration activity in accordance with approved budgets and in this regard it is acknowledged that Diamante shall be entitled to charge a 10% administration fee on all exploration expenditures incurred under $50,000 and 5% on all exploration expenditures incurred over $50,000.

It is acknowledged that, in fulfilling its role as contemplated by the above paragraph Diamante may sub-contract with third parties, including but not limited to, Kel-Ex Development Ltd.

- 4 -

3.4            Claims. If at any time prior to acquiring the 29% Interest Diamante stops funding the company or decides to withdraw then the Mineracao Shareholders will be granted the right to acquire the interest of Diamante in Mineracao at fair market value pro rata in accordance with their holdings in Mineracao.

3.5            Dilution.  Each of Diamante and the Mineracao Shareholders agree that if a party does not fund an expenditure provided for in the Budget, the interest of said defaulting party shall be reduced pro ratably through additional financings.  For the avoidance of doubt the first $3,000,000 in exploration expenditures is the responsibility of Diamante. For the purposes of such dilution calculations the Mineracao Shareholders will be initially deemed to have contributed an amount equal to their pro rata share of the amount contributed by Diamante (i.e. if Diamante contributed $3,000,000 for 49% of Mineracao's shares the Mineracao Shareholders shall be deemed collectively to have contributed $3,122,450 for 51%.

3.6            Interest in Mineracao.  Subject to Section 2.2 Mineracao agrees that it shall not, directly or indirectly, provide any other person or party any rights with respect to Mineracao without the prior written consent of Diamante.

ARTICLE 4

 REPRESENTATIONS AND WARRANTIES

4.1            Representations and Warranties.  Each of Diamante and Mineracao represent the following:

(a)            Each party represents and warrants that it is in good standing under the laws of the jurisdiction in which it is incorporated, and that it has all the requisite power, right and authority to enter into this Agreement and to perform its obligations hereunder.  The execution and delivery of this Agreement and the consummation of the obligations provided herein have been duly and validly authorized by all necessary action on the part of each party.

(b)            This Agreement does not: (i) conflict with any provision of the respective party's charter, or similar organizational documents or bylaws; (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which either Diamante or Mineracao, as the case may be, is a party; or (iii) result in a violation of any law, rule, regulation, order, judgment or decree applicable to Diamante or Mineracao, as the case may be, or by which any of its respective property or asset is bound or affected. Mineracao has all requisite permits and approvals necessary to establish and own and operate Mineracao and to consummate the transactions contemplated in this Agreement.

(c)            The execution, delivery and performance of this Agreement by Diamante or Mineracao, as the case may be, has been duly authorized by all requisite action and constitutes the valid and binding obligation of each of them, enforceable against it in accordance with the terms hereof.

- 5 -

(d)            Mineracao represents and warrants that it is the sole legal and beneficial owner of the Claims. Mineracao has not encumbered, mortgaged or conveyed any interest in the Claims, including but not limited to conveying any royalty interest therein, other than as set forth in this Agreement; and it has no knowledge of any pending litigation or other claims challenging its rights and title to the Claims.  No other person or entity has any rights, direct or indirect, in the Claims.

(e)            Mineracao represents and warrants that prior to the date of this Agreement, it and its affiliates have incurred no less than US$3,975,000 in expenses with respect to the Claims. Mineracao represents and warrants that the amount of   is the total amount currently required to be submitted by Mineracao to the Brazilian government (the "Government") to maintain the claims for the 2015 year. No other payment is due to the Government or any third party in order for Mineracao to maintain the Claims.

ARTICLE 5

 MISCELLANEOUS

5.1            Limitations on Transfers.

(a)            Neither Diamante nor the Mineracao Shareholders will transfer, convey, assign, mortgage or grant an option in respect of or grant a right to purchase or in any manner transfer, alienate or otherwise dispose of (in this section, to "Transfer") any or all of its interest in Mineracao or transfer or assign any of its rights under this Agreement (in this section, such interests and rights, collectively, the "Holdings") other than in accordance with the provisions of this section.  A Party may Transfer only the whole of its Holdings, except as contemplated in subsection 5.1(c) hereof.

(b)            Subject to subsection 5.1(c) hereof, if, a party (for the purposes of this section, the "Selling Party") wishes to sell or assign its Holdings (the "Offered Interest") to a third party it shall first give notice in accordance with the terms hereof (the "Sale Notice") to such effect to the other parties (for the purposes of this section, the "Non-Selling Parties") and in such Sale Notice shall provide the details of the terms on which it is prepared to sell the Offered Interest. The Non-Selling Parties shall then have the right for a period of thirty (30) days in which to give notice to the Selling Party in accordance with the terms hereof, that they elect to purchase their pro rata share, or a greater amount of the Offered Interest on such terms. If the Non-Selling Parties or any of them gives notice of election to purchase the Offered Interest, the parties shall enter into and consummate such sale on the terms set forth in the Sale Notice or as otherwise mutually agreed. If the Non-Selling Parties fail to give notice of their election to purchase the Offered Interest within the required period of time, then the Selling Party may sell the Offered Interest to any other third party on the terms offered to the Non-Selling Parties in the Sale Notice or better. If such transaction is not consummated within 150 days of the original Sale Notice, then the procedure provided for in this section shall again apply.

(c)            Nothing in this section applies to or restricts in any manner:

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(i)            a disposition by the transferring party of all or a portion of its Holdings to an Affiliate (as that terms is defined under the Business Corporations Act (British Columbia) of the transferring party, provided that such Affiliate first assumes and agrees to be bound by the terms of this Agreement and agrees with the other party in writing to retransfer the Holdings to the transferring party before ceasing to be an Affiliate of the transferring party. Notwithstanding the foregoing the other party shall not be obligated upon such a transfer to release the transferring party from its obligations under this Agreement;

(ii)            an amalgamation, merger or other form of corporate reorganization involving or the acquisition of shares or assets of the transferring party which is a bona fide business transaction that has the effect in law of the amalgamated or surviving corporation possessing, directly or indirectly, substantially all the property, rights and interest and being subject to substantially all the debts, liabilities and obligations of the transferring party; or

(iii)            a sale, forfeiture, charge, withdrawal, transfer or other disposition or encumbrance with is otherwise specifically allowed for under this Agreement.

5.2            Indemnities.  Diamante and Mineracao shall fully indemnify, defend, release and hold harmless each other and their respective affiliates and successors, and their agents, and employees from and against all loss, costs, penalties, expense, damage and liability (including without limitation, loss due to injury or death, reasonable attorneys fees, expert fees and other expenses incurred in defending against litigation or administrative enforcement actions, either pending or threatened), resulting from a direct or indirect breach or threatened breach of any representation, warranty or covenant in this Agreement.  This indemnity shall survive termination of this Agreement.

5.3            Notice.  All notices or other communications to either party shall be in writing and shall be sufficiently given if (i) delivered in person, (ii) sent by electronic communication, with confirmation sent by registered or certified mail, return receipt requested, (iii) sent by registered or certified mail, return receipt requested, or (iv) sent by overnight mail by a courier that maintains a delivery tracking system.  Subject to the following sentence, all notices shall be effective and shall be deemed delivered (i) if by personal delivery, on the date of delivery, (ii) if by electronic communication, on the date of receipt of the electronic communication, (iii) if by mail, on the date of delivery as shown on the actual receipt, and (iv) if by overnight courier, as documented by the courier's tracking system.  If the date of such delivery or receipt is not a business day, the notice or other communication delivered or received shall be effective on the next business day ("business day" means a day, other than a Saturday, Sunday or statutory holiday observed by banks in the jurisdiction in which the intended recipient of a notice or other communication is situated.)  A party may change its address from time to time by notice to the other party as indicated above.

All notices to Diamante shall be addressed to:

Diamante Minerals, Inc.

203-1634 Harvey Ave

Kelowna, BC, V1Y-6G2, Canada

Attn: Chad Ulansky

 

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All notices to the Mineracao Shareholders shall be addressed to:

Mineracao Batovi Ltda

203-1634 Harvey Ave

Kelowna, BC, V1Y-6G2, Canada

Attn: Keiven Bauer

5.4            Waiver.  No waiver of any provision of this Agreement, or waiver of any breach of this Agreement, shall be effective unless the waiver is in writing and is signed by the party against whom the waiver is claimed.  No waiver of any breach shall be deemed to be a waiver of any other subsequent breach.

5.5            Modification.  No modification, variation or amendment of this Agreement shall be effective unless it is in writing and signed by all parties to this Agreement.

5.6            Entire Agreement.  This Agreement sets forth the entire agreement of the parties with respect to the transactions contemplated herein and supercedes any other agreement, representation, warranty or undertaking, written or oral, among the parties.

5.7            Further Assurances.  Each of the parties agrees that it shall take from time to time such actions and execute such additional instruments as may be reasonably necessary or convenient to implement and carry out the intent and purpose of this Agreement.

5.8            Governing Law; Disputes.  This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein. All disputes arising out of or in connections with this Agreement, or in respect of any defined legal relations associated therewith or derived therefrom, shall be referred to and finally resolved by a sole arbitrator by arbitration under the rule of The Commercial Arbitration Act of British Columbia.

5.9            Attorneys Fees.  In any arbitration or litigation between the parties to this Agreement or persons claiming under them resulting from, arising out of, or in connection with this Agreement or the construction or enforcement thereof, the substantially prevailing party or parties shall be entitled to recover from the defaulting party or parties, all reasonable costs, expenses, attorneys fees, expert fees, and other costs of suit incurred by it in connection with such litigation, including such costs, expenses and fees incurred prior to the commencement of the proceeding, in connection with any appeals, and collecting any final judgment entered therein. If a party or parties substantially prevails on some aspects of such action, but not on others, the arbitrators or court, as the case may be, may apportion any award of costs and attorneys fees in such manner as it deems equitable.

5.10            Construction.  The section and paragraph headings contained in this Agreement are for convenience only, and shall not be used in the construction of this Agreement.  The invalidity of any provision of this Agreement shall not affect the enforceability of any other provision of this Agreement. The parties agree that this Agreement is the product of negotiation and that neither party will be deemed to be the drafter thereof. Each party to this Agreement consulted with, or had the opportunity to consult with, its legal department or with the independent attorney of its choice with regard to the Agreement, and signs it voluntarily.

 

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5.11            Signatures. This Agreement may be executed by facsimile or other electronic form and in counterparts, each of which shall constitute an original and all of which together shall constitute one instrument.

Remainder of Page Intentionally Omitted; Signature Pages to Follow

 

 

 

 

 

 

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

MINERACAO BATOVI LTDA

By: /s/ Charles Fipke                                                    

Name: Charles Fipke

Title: Director

DIAMANTE MINERALS INC.

By: /s/ Chad Ulansky                                                    

Name: Chad Ulansky

Title: Chairman and CEO

/s/ Charles Fipke                                                    

 Dr. Charles Fipke

/s/ Jose Aldo                                                    

 Jose Aldo

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