FG 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 16tth day
of February, 2012.

    


    BETWEEN:

    


    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 and November 1, 2010 (hereinafter
      collectively referred to as the
“Agreement”).

            


    

    


    AND
WHEREAS

    


    
      	
              B.  

            	
              The
      parties to the Agreement wish to amend the Agreement, by means of this
      Addendum whereby the monthly remuneration payable to the Manager shall be
      reduced from Cdn $10,000 to Cdn $5,000 (Five Thousand Canadian Dollars)
      plus HST per month effective as of March 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 $10,000 to Cdn $5,000
(Five Thousand Canadian Dollars) plus HST per month effective as of March 1,
2012, and all of the other terms and conditions of the Agreement shall remain
unchanged and shall be in full force and effect.

     

    
      
         


      

      
        1

        
          

        

      

      
         


      

    

    
       

    

    IN WITNESS WHEREOF the parties
hereto have executed this Addendum on this 16th day
of February, 2012.

     

    
      
        	
                THE
      CORPORATE SEAL OF

              	
                )

              	 
      	 
      
	
                KOKOMO
      ENTERPRISES 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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