Material Agreement Form 8 K

ITEM 1.01 Entry into a Material Definitive Agreement

On September 23, 2024 Avalon Holdings Corporation and certain wholly-owned subsidiaries amended its existing Promissory Note Agreement ("The Line of Credit Agreement") dated May 31, 2018 as previously amended on September 18, 2023 with Premier Bank (the "Lender"). The amendment extends the maturity date of July 31, 2025 to July 31, 2026. At September 23, 2024, $3,200,000 was drawn under the Line of Credit Agreement.

The forgoing description of the Line of Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Line of Credit Agreement, which is filed with this report as Exhibits 10.1, 10.2 and 10.3 and is incorporated herein by reference.

The other material terms of the Line of Credit Agreement, dated May 31, 2018, and amendment on September 18, 2023, with the Lender are described in the Current Reports on Form 8-K filed with the Securities and Exchange Commission on May 31, 2018 and September 19, 2023, respectively, of which are incorporated herein by reference.