Avalanche International, Corp. (OTCPK:AVLP) announced a private placement of a promissory note for gross proceeds $100,000 with new investor, Studio Capital, LLC on October 8, 2015. The company entered into a definitive agreement with the investor.

The note has an original issue discount of $25,000, which is 20% discount on principal amount. The note is due in 6 months and does not bear interest. The company will pay a loan fee in 5,000 common shares as additional consideration to investor, which will be paid within two weeks of the closing of this notice.

The note has been guaranteed by Milton C. Ault III, Chairman of the company and by existing Steven Jon Smith. Upon the occurrence of any event of default, the outstanding balance shall immediately increase to 120% of the outstanding balance immediately prior to the occurrence of the event of default.