CA Filed by Filing Services Canada Inc. 403-717-3898






 


ADDENDUM TO THE
MANAGEMENT SERVICES AGREEMENT


 


 


THIS ADDENDUM TO THE MANAGEMENT SERVICES
AGREEMENT (“the Addendum” or “this Addendum”) is entered into this 14tth day of September,
2012.


 


BETWEEN:


 


High 5 Ventures Inc. (formerly Kokomo
Enterprises Inc.), a company incorporated under the laws of British Columbia having a business office at Suite #1000 –
1177 West Hastings Street, Vancouver, B. C. V6E 2K3


 


(hereinafter referred
to as the “Company”)


OF THE
FIRST PART


AND:


 


Bedo H. Kalpakian and Jacob H. Kalpakian
of 3100 Saturna Place, Richmond, BC, V7C 4C5, and #702-1777 Bayshore Drive, Vancouver BC V6G 3H2, respectively,


 


(hereinafter referred to as the “Kalpakians”)


OF THE SECOND PART


 


AND:


 


Kalpakian Bros. of B.C. Ltd., a company
incorporated under the laws of British Columbia having a business office at Suite #1000 - 1177 West Hastings Street, Vancouver,
B.C. V6E 2L3


 


(hereinafter referred to as the “Manager”)


OF THE THIRD PART


 


 


WHEREAS:


 


		A.	The Company, the Kalpakians and the Manager entered into a Management Services Agreement on the
1st day of November, 2001, as amended by means of Addendums dated July 1, 2003, August 18, 2003, July 31, 2005, November
1, 2010, February 16, 2012 and March 28, 2012 (hereinafter collectively referred to as the “Agreement”).



 


AND WHEREAS


 


		B.	The parties to the Agreement wish to further amend the Agreement, by means of this Addendum whereby
the monthly remuneration payable to the Manager shall be reduced from Cdn $2,500 (Two Thousand Five Hundred Canadian Dollars) plus
HST per month to Cdn $500 (Five Hundred Dollars) plus HST per month effective as of October 1, 2012.



 


AND WHEREAS


 


		C.	All of the other terms and conditions of the Agreement shall remain unchanged and shall be in full
force and effect.



 


 


NOW THEREFORE, in consideration
of the premises and mutual covenants herein set forth, the parties hereto agree as follows:


 


The parties to the Agreement and to this Addendum
hereby agree that the monthly remuneration payable to the Manager be reduced from Cdn $2,500 (Two Thousand Five Hundred Canadian
Dollars) plus HST per month to Cdn $500 (Five Hundred Dollars) plus HST per month effective as of October 1, 2012, and all of the
other terms and conditions of the Agreement shall remain unchanged and shall be in full force and effect.


 




    	 	 	 



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IN WITNESS WHEREOF the parties hereto
have executed this Addendum on this 14h day of September, 2012.


 





	THE CORPORATE SEAL OF	)	 		 	 	 	 	 	 	 	 	 
	HIGH 5 VENTURES INC. was hereunto	)		 	 	 	 	 	 	 	 	 	 
	affixed in the presence of:	)	 	 		 	 	 	 	 	 	 	 
	 	)	 	 	 	 		 	 	 	 	 	C/S
	 	)	 	 	 	 		 	 	 	 	 	 
	 	)	 	 	 	 		 	 	 	 	 	 
		)	 	 	 	 	 	 	 	 	 	 	 
	 	)	 	 	 	 		 	 	 	 	 	 




 





	SIGNED SEALED AND DELIVERED BY	)	 	 	 	 	 	 
	BEDO H. KALPAKIAN in the presence of:	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	Signature of Witness:	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	Name of Witness:	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	BEDO H. KALPAKIAN	 	 	 	 	 
	Address of Witness:	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	Occupation of Witness:	 	 	 	 	 	)	 	 	 	 	 	 










 





	SIGNED SEALED AND DELIVERED BY	)	 	 	 	 	 	 
	JACOB H. KALPAKIAN in the presence of:	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	Signature of Witness:	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	Name of Witness:	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	JACOB H. KALPAKIAN	 	 	 	 	 
	Address of Witness:	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	 	 	 	 	 	 	)	 	 	 	 	 	 
	Occupation of Witness:	 	 	 	 	 	)	 	 	 	 	 	 







 


	THE CORPORATE SEAL of	)	 	 	 	 	 	 	 	 	 	 	 
	KALPAKIAN BROS. OF B.C. LTD.	)	 	 	 	 	 	 	 	 	 	 	 
	was hereunto affixed in the presence of:	)	 	 	 	 	 	 	 	 	 	 	 
	 	)	 	 	 	 	 	 	 	 	 	 	C/S
	 	)	 	 	 	 	 	 	 	 	 	 	 
	 	)	 	 	 	 	 	 	 	 	 	 	 
	 	)	 	 	 	 	 	 	 	 	 	 	 
	 	)	 	 	 	 	 	 	 	 	 	 	 
	 	)	 	 	 	 	 	 	 	 	 	 	 







 


 


 


 





 






    	 	 	 



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