Here is the log from the launcher

Completely ignored arguments: [--nativeLauncherVersion, 301]
[13:17:18] [Client thread/INFO]: Setting user: Maumynas
[13:17:25] [Client thread/WARN]: Skipping bad option: lastServer:
[13:17:25] [Client thread/INFO]: LWJGL Version: 2.9.4
[13:17:28] [Client thread/INFO]: Reloading ResourceManager: Default
[13:18:09] [Sound Library Loader/INFO]: Starting up SoundSystem...
[13:18:09] [Thread-5/INFO]: Initializing LWJGL OpenAL
[13:18:09] [Thread-5/INFO]: (The LWJGL binding of OpenAL. For more information, see http://www.lwjgl.org)
[13:18:10] [Thread-5/INFO]: OpenAL initialized.
[13:18:10] [Sound Library Loader/INFO]: Sound engine started
[13:18:15] [Client thread/INFO]: Created: 1024x512 textures-atlas
[13:18:42] [Server thread/INFO]: Starting integrated minecraft server version 1.10
[13:18:42] [Server thread/INFO]: Generating keypair
[13:18:45] [Server thread/INFO]: Preparing start region for level 0
[13:18:46] [Server thread/INFO]: Preparing spawn area: 1%
[13:18:48] [Server thread/INFO]: Preparing spawn area: 4%
[13:18:49] [Server thread/INFO]: Preparing spawn area: 5%
[13:18:50] [Server thread/INFO]: Preparing spawn area: 6%
[13:18:51] [Server thread/INFO]: Preparing spawn area: 8%
[13:18:52] [Server thread/INFO]: Preparing spawn area: 9%
[13:18:53] [Server thread/INFO]: Preparing spawn area: 11%
[13:18:54] [Server thread/INFO]: Preparing spawn area: 12%
[13:18:55] [Server thread/INFO]: Preparing spawn area: 13%
[13:18:56] [Server thread/INFO]: Preparing spawn area: 14%
[13:18:57] [Server thread/INFO]: Preparing spawn area: 15%
[13:18:59] [Server thread/INFO]: Preparing spawn area: 16%
[13:19:00] [Server thread/INFO]: Preparing spawn area: 17%
[13:19:01] [Server thread/INFO]: Preparing spawn area: 18%
[13:19:02] [Server thread/INFO]: Preparing spawn area: 19%
[13:19:03] [Server thread/INFO]: Preparing spawn area: 20%
[13:19:04] [Server thread/INFO]: Preparing spawn area: 21%
[13:19:05] [Server thread/INFO]: Preparing spawn area: 22%
[13:19:06] [Server thread/INFO]: Preparing spawn area: 24%
[13:19:07] [Server thread/INFO]: Preparing spawn area: 25%
[13:19:08] [Server thread/INFO]: Preparing spawn area: 26%
[13:19:09] [Server thread/INFO]: Preparing spawn area: 28%
[13:19:10] [Server thread/INFO]: Preparing spawn area: 29%
[13:19:11] [Server thread/INFO]: Preparing spawn area: 30%
[13:19:12] [Server thread/INFO]: Preparing spawn area: 31%
[13:19:14] [Server thread/INFO]: Preparing spawn area: 33%
[13:19:15] [Server thread/INFO]: Preparing spawn area: 34%
[13:19:16] [Server thread/INFO]: Preparing spawn area: 35%
[13:19:17] [Server thread/INFO]: Preparing spawn area: 36%
[13:19:18] [Server thread/INFO]: Preparing spawn area: 37%
[13:19:19] [Server thread/INFO]: Preparing spawn area: 39%
[13:19:20] [Server thread/INFO]: Preparing spawn area: 40%
[13:19:21] [Server thread/INFO]: Preparing spawn area: 41%
[13:19:22] [Server thread/INFO]: Preparing spawn area: 42%
[13:19:23] [Server thread/INFO]: Preparing spawn area: 43%
[13:19:24] [Server thread/INFO]: Preparing spawn area: 44%
[13:19:25] [Server thread/INFO]: Preparing spawn area: 46%
[13:19:26] [Server thread/INFO]: Preparing spawn area: 47%
[13:19:28] [Server thread/INFO]: Preparing spawn area: 48%
[13:19:29] [Server thread/INFO]: Preparing spawn area: 49%
[13:19:30] [Server thread/INFO]: Preparing spawn area: 50%
[13:19:31] [Server thread/INFO]: Preparing spawn area: 51%
[13:19:32] [Server thread/INFO]: Preparing spawn area: 52%
[13:19:33] [Server thread/INFO]: Preparing spawn area: 53%
[13:19:34] [Server thread/INFO]: Preparing spawn area: 54%
[13:19:36] [Server thread/INFO]: Preparing spawn area: 55%
[13:19:37] [Server thread/INFO]: Preparing spawn area: 56%
[13:19:38] [Server thread/INFO]: Preparing spawn area: 57%
[13:19:39] [Server thread/INFO]: Preparing spawn area: 58%
[13:19:40] [Server thread/INFO]: Preparing spawn area: 58%
[13:19:41] [Server thread/INFO]: Preparing spawn area: 60%
[13:19:42] [Server thread/INFO]: Preparing spawn area: 61%
[13:19:44] [Server thread/INFO]: Preparing spawn area: 62%
[13:19:45] [Server thread/INFO]: Preparing spawn area: 63%
[13:19:46] [Server thread/INFO]: Preparing spawn area: 64%
[13:19:47] [Server thread/INFO]: Preparing spawn area: 65%
[13:19:48] [Server thread/INFO]: Preparing spawn area: 66%
[13:19:49] [Server thread/INFO]: Preparing spawn area: 68%
[13:19:50] [Server thread/INFO]: Preparing spawn area: 69%
[13:19:51] [Server thread/INFO]: Preparing spawn area: 70%
[13:19:52] [Server thread/INFO]: Preparing spawn area: 71%
[13:19:53] [Server thread/INFO]: Preparing spawn area: 73%
[13:19:54] [Server thread/INFO]: Preparing spawn area: 74%
[13:19:56] [Server thread/INFO]: Preparing spawn area: 75%
[13:19:57] [Server thread/INFO]: Preparing spawn area: 77%
[13:19:58] [Server thread/INFO]: Preparing spawn area: 78%
[13:19:59] [Server thread/INFO]: Preparing spawn area: 79%
[13:20:00] [Server thread/INFO]: Preparing spawn area: 81%
[13:20:01] [Server thread/INFO]: Preparing spawn area: 82%
[13:20:02] [Server thread/INFO]: Preparing spawn area: 83%
[13:20:03] [Server thread/INFO]: Preparing spawn area: 84%
[13:20:05] [Server thread/INFO]: Preparing spawn area: 85%
[13:20:06] [Server thread/INFO]: Preparing spawn area: 86%
[13:20:08] [Server thread/INFO]: Preparing spawn area: 88%
[13:20:09] [Server thread/INFO]: Preparing spawn area: 90%
[13:20:10] [Server thread/INFO]: Preparing spawn area: 91%
[13:20:11] [Server thread/INFO]: Preparing spawn area: 93%
[13:20:12] [Server thread/INFO]: Preparing spawn area: 94%
[13:20:13] [Server thread/INFO]: Preparing spawn area: 96%
[13:20:14] [Server thread/INFO]: Preparing spawn area: 97%
[13:20:15] [Server thread/INFO]: Preparing spawn area: 99%
[13:20:16] [Server thread/INFO]: Changing view distance to 8, from 10
[13:20:22] [Server thread/INFO]: Maumynas[local:E:34e08903] logged in with entity id 550 at (-14.5, 66.0, 249.5)
[13:20:22] [Server thread/INFO]: Maumynas prisijung? prie žaidimo
[13:20:35] [Server thread/WARN]: Can't keep up! Did the system time change, or is the server overloaded? Running 18203ms behind, skipping 364 tick(s)
#

1. A fatal error has been detected by the Java Runtime Environment:
   #
2. EXCEPTION_ACCESS_VIOLATION (0xc0000005) at pc=0x2dc71c2c, pid=164, tid=2224
   #
3. JRE version: Java(TM) SE Runtime Environment (8.0_25-b18) (build 1.8.0_25-b18)
4. Java VM: Java HotSpot(TM) Client VM (25.25-b02 mixed mode windows-x86 )
5. Problematic frame:
6. C [iglicd32.dll+0x41c2c]
   #
7. Failed to write core dump. Minidumps are not enabled by default on client versions of Windows
   #
8. An error report file with more information is saved as:
9. C:\Documents and Settings\Abu\Application Data\.minecraft\hs_err_pid164.log
   #
10. If you would like to submit a bug report, please visit:
11. http://bugreport.sun.com/bugreport/crash.jsp
12. The crash happened outside the Java Virtual Machine in native code.
13. See problematic frame for where to report the bug.
    #
    AL lib: (EE) alc_cleanup: 1 device not closed
    Java HotSpot(TM) Client VM warning: Using incremental CMS is deprecated and will likely be removed in a future release