13D Filing: Mistry Pravin and Avalanche International Corp (AVLP)

(1) Reporting person has rights under a Convertible Promissory Note and shares  of Class B Preferred Stock to own an aggregate number of shares of the Issuer’s  Common Stock (defined below), which, except for a contractual cap on the  on the amount of outstanding shares of the Issuer’s Common Stock that Reporting Person may own, would exceed such a cap.  Reporting Person’s cap is 4.99%.  Thus, the number of shares of the Issuer’s common stock beneficially owned by Reporting Person was 278,843 shares, which is 4.99% of the sum of (i) the 5,309,200 shares that were outstanding on August 3, 2017 (as reported by the Issuer  to the Reporting Person on a 10-Q filed August 7, 2017), plus (ii) that number of shares issuable to bring Reporting Person’s beneficial ownership to 4.99% of total shares outstanding immediately after giving effect to the shares issuable of Common Stock upon conversion of the Note and/or Class B Preferred  or exercise of Stock Options, or 5,558,043 fully-diluted shares of Common Stock.