Amendment to Loan Agreement and Promissory Note, dated as of June 25, 2019, by and among ECC Ventures 2 Corp., Long Island Brand Beverages LLC and Long Blockchain Corp

AMENDMENT TO LOAN AGREEMENT

AND PROMISSORY NOTE

THIS AMENDMENT (the “Amendment”) is made as of June _____, 2019,

AMONG:

ECC VENTURES 2 CORP., a corporation formed pursuant to the laws of the Province of British Columbia

(the “Lender”)

AND:

LONG ISLAND BRAND BEVERAGES LLC, a limited liability company formed pursuant to the laws of the State of New York

(the “Borrower”)

AND:

LONG BLOCKCHAIN CORP., a corporation formed pursuant to the laws of the State of Delaware

(the “Guarantor”)

WHEREAS:

NOW THEREFORE in consideration of the premises and the covenants and agreements herein contained, the Parties agree as follows:

Interest. The Principal, both before and after demand, default, or judgment and overdue interest on the Loan, shall bear interest computed on the outstanding daily principal balance of the Loan at the rate of 10% per annum, calculated and paid on August 1, 2019, and on the first day of each calendar month thereafter while any portion of the Loan remains outstanding, on the basis of a 365 day year (or in the case of a leap year, a 366 day year) and the actual number of days elapsed, on a nominal rate basis without allowance or deduction for deemed re-investment or otherwise, and any unpaid interest shall compound annually on January 1 of each year. Interest shall begin to accrue from the date of each Advance. For the avoidance of doubt, if the Loan becomes due and payable, on demand or otherwise, pursuant to Section 6.2 of this Agreement prior to August 1, 2019, the interest due and owing on the Loan shall be calculated and paid on the date of repayment.

Repayment of the Loan. The Borrower may from time to time repay or prepay all or any part of the Loan without Notice, penalty, premium, or bonus provided that each such payment or prepayment will be made together with all accrued and unpaid interest on the Loan which then remains unpaid. The outstanding balance of the Loan, including all accrued and unpaid interest thereon and any other amounts owing to the Lender hereunder, shall be repaid by the Borrower to the Lender on August 31, 2019 (the “Maturity Date”), subject to any earlier repayment pursuant to Section 6 of this Agreement, and failing payment of the same following the Maturity Date, the Lender may then proceed to enforce payment thereof by exercising any right, power, or remedy permitted by this Agreement, or by law in such manner as the Lender may elect, without presentation, protest, or further demand, or Notice of any kind, all of which are hereby expressly waived.

ECC VENTURES 2 CORP. (the “Lender”) has agreed to provide a secured loan facility in the amount of up to $250,000.00 (the “Loan”) to LONG ISLAND BRAND BEVERAGES LLC (the “Borrower”, and together with the Lender, the “Parties”) pursuant to a loan agreement among the Parties and Long Blockchain Corp. dated January 31, 2019, and amended June ___, 2019 (the “Agreement”);

The Principal, both before and after demand, default, or judgment and overdue interest on the Loan, shall bear interest computed on the outstanding daily principal balance of the Loan at the rate of 10% per annum, calculated and paid on August 1, 2019 and each calendar month thereafter while any portion of the Loan remains outstanding, on the basis of a 365 day year (or in the case of a leap year, a 366 day year) and the actual number of days elapsed, on a nominal rate basis without allowance or deduction for deemed re-investment or otherwise, and any unpaid interest shall compound annually on January 1 of each year. Interest shall begin to accrue from the date of the advance of each Advance. For the avoidance of doubt, if the Loan becomes due and payable, on demand or otherwise, pursuant to Section 6.2 of the Agreement prior to August 1, 2019, the interest due and owing on the Loan shall be calculated and paid on the date of repayment.

[SIGNATURE PAGE TO IMMEDIATELY FOLLOW]

IN WITNESS WHEREOF the Parties hereto have executed this Amendment as of the day and year first above written.

- Amendment to Loan Agreement and Promissory Note -