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February 7, 2006

House of Brussels Chocolates, Inc.
House of Brussels Holdings Ltd.
Brussels Chocolates Ltd.
House of Brussels (USA) Ltd.
DeBas Chocolate Inc.
ChocoMed, Inc.
1659 Fosters Way
Delta, British Columbia V3M 6S6
Attention: Robert Wesolek
 
 
Re:   Overadvance Letter

Ladies and Gentleman:

Reference is hereby made to that certain Security Agreement dated as of March
29, 2005 by and among House of Brussels Chocolates, Inc., a Nevada corporation
(“HBC”), such other subsidiaries of HBC named in that certain Security Agreement
or which hereafter become a party thereto (HBC and such subsidiaries of HBC,
collectively, the “Company”) and Laurus Master Fund, Ltd. (“Laurus”) (as
amended, modified or supplemented from time to time, the “Security Agreement”).
Capitalized terms used but not defined herein shall have the meanings ascribed
them in the Security Agreement.

Laurus is hereby notifying you of its decision to exercise the discretion
granted to it pursuant to Section 2(a)(iii) of the Security Agreement to make a
Loan to the Company in excess of the Formula Amount from time to time in effect
during the Period (as defined below) in an aggregate principal amount equal to
(w) for the portion of the Period beginning on the date hereof and ending on
March 31, 2006, $500,000, (x) for the portion of the Period beginning on April
1, 2006 and ending on April 30, 2006, $400,000, (y) for the portion of the
Period beginning on May 1, 2006 and ending on May 31, 2006, $300,000 and (z) for
the portion of the Period beginning on June 1, 2006 and ending on June 30, 2006,
$200,000 (the “Overadvance”).

In connection with making the Overadvance, for a period beginning on the date
hereof and ending on June 30, 2006 (the “Period”), Laurus hereby waives
compliance with Section 3 of the Security Agreement, but solely as such
provision relates to the immediate repayment requirement for Overadvances.
Laurus further agrees that solely for such Period (but not thereafter), (i) the
Overadvance shall not trigger an Event of Default under Section 19(a) of the
Security Agreement, and (ii) the Overadvance rate set forth in Section 5(b)(ii)
of the Security Agreement (the “Overadvance Rate”) shall not apply. All other
terms and provisions of the Security Agreement and the Ancillary Agreements
remain in full force and effect.

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This letter may not be amended or waived except by an instrument in writing
signed by the Company and Laurus. This letter may be executed in any number of
counterparts, each of which shall be an original and all of which, when taken
together, shall constitute one agreement. Delivery of an executed signature page
of this letter by facsimile transmission shall be effective as delivery of a
manually executed counterpart hereof or thereof, as the case may be. This letter
shall be governed by, and construed in accordance with, the laws of the State of
New York. This letter sets forth the entire agreement between the parties hereto
as to the matters set forth herein and supersede and replace all prior
communications, written or oral, with respect to the matters herein (including,
without limitation, that certain Overadvance Letter, dated March 29, 2005, by
and among the Company and Laurus, as amended). The Company hereby agrees to file
an 8-K with the Securities and Exchange Commission disclosing the transactions
set forth in this Amendment as soon as practicable, but no later than February
10, 2006
 
If the foregoing meets with your approval please signify your acceptance of the
terms hereof by signing below.
 

 
LAURUS MASTER FUND, LTD.
     
By:
  /s/ David Grin  
David Grin
 
Director

 
Agreed and accepted on the date hereof
 
HOUSE OF BRUSSELS CHOCOLATES INC.
 
By:
/s/ Grant Petersen    
Name: Grant Petersen
 
  Title: CEO
 
HOUSE OF BRUSSELS HOLDINGS LTD.
 
By:
/s/ Grant Petersen    
Name: Grant Petersen
 
  Title: CEO
 
BRUSSELS CHOCOLATES LTD.
 
By:
/s/ Grant Petersen    
Name: Grant Petersen
 
  Title: CEO
 

 

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HOUSE OF BRUSSELS CHOCOLATES (USA) LTD.
 
By:
/s/ Grant Petersen    
Name: Grant Petersen
 
  Title: CEO
 
DEBAS CHOCOLATE INC.
 
By:
/s/ Grant Petersen    
Name: Grant Petersen
 
  Title: Chairman
   
CHOCOMED, INC.
 
By:
/s/ Grant Petersen    
Name: Grant Petersen
 
  Title: Chairman

 

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