Amendment to Securities Purchase Agreement and $550,000 Promissory Note between El Capitan Precious Metals, Inc. and Lucas Hoppel
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Summary
El Capitan Precious Metals, Inc. and Lucas Hoppel have agreed to amend their existing Securities Purchase Agreement and $550,000 Promissory Note. The amendment extends the maturity date for the first $100,000 tranche to November 15, 2017, and changes the conversion price to the lower of the previous day's VWAP or 75% of the average of the two lowest daily trades in the five days before a conversion notice. All other terms of the original note remain unchanged.
EX-10.1A 2 ex10_1a.htm EXHIBIT 10.1(A) Unassociated Document 
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 Lucas Hoppel ("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: John F. Stapleton El Capital Precious Metals, Inc. Chief Executive Officer
