Exhibit 10.5


 


ADDENDUM TO OPTION AGREEMENT


 


This ADDENDUM TO THE OPTION AGREEMENT
(this "Addendum") dated December 4, 2014 and made effective as of August 27, 2013 is entered into by and among
Icon Vapor, Inc., f/k/a MyEZSmokes, Inc., a Nevada corporation (the “Company”), and Kodiak Capital Group LLC
(“Kodiak”). The Company and Kodiak are sometimes referred to herein individually as a “Party”
or collectively as the “Parties.”.


 


RECITALS


 


WHEREAS, on April 5, 2013, the
Parties entered into an option agreement, which is attached hereto as Exhibit A and incorporated herein by reference (the “Option
Agreement”), pursuant to which the Company granted to Kodiak an option to purchase up to 2,500,000 shares of the Company’s
common stock at a purchase price of $0.40 per share.


 


WHEREAS, on August 27, 2013,
as inducement for Kodiak to exercise its option granted under the Option Agreement, the Parties agreed to modify Section 1 of
the Option Agreement so that Kodiak is granted the option to purchase 600,000 shares of the Company’s common stock for a
total purchase price of $135,000 (the “Amendment”).


 


WHEREAS, on August 27, 2013,
Kodiak exercised its option under the amended Option Agreement and was issued 600,000 shares of the Company’s common stock
(the “Option Shares”) in exchange for a total purchase price of $135,000.


 


WHEREAS, on November 11, 2014,
the Company filed the eighth amendment to a Form 1-A registration statement with the Securities and Exchange Commission (the “SEC”),
amending the Form 1-A registration statement originally filed with the SEC on December 12, 2012, registering the Option Shares
for the benefit of Kodiak.


 


WHEREAS, by entering into this
Addendum, the Parties wish to memorialize the terms of the Amendment to the Option Agreement agreed upon on August 27, 2013.


 


AGREEMENT


 


NOW, THEREFORE, in consideration
of the premises and the mutual covenants, agreements, and considerations herein contained and set forth in this Addendum, which
consideration the Parties hereby acknowledge and confirm the sufficiency thereof, the Parties hereto agree as follows:


 


1.           Recitals. The Parties
acknowledge that the Recitals set forth above are true and correct and are incorporated herein by reference.


 


2.          
Amendment to Option Agreement. The Parties have agreed that Section 1 of the Option Agreement was revoked, repealed, and
replaced in its entirety with the following:


 


“1.The Company hereby grants to Kodiak an
option to purchase 600,000 shares of the Company’s common stock for a total purchase price of $135,000, or $0.225 per share.”


 


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Each reference in the Option Agreement
to the “exercise price,” or words of like import shall mean and be a reference to the exercise price of $0.225 per
share.


 


3.           Reconfirmation
of the Option Agreement. The Parties hereby reaffirm all terms, conditions, covenants, representations and warranties made
in the Option Agreement, to the extent the same are not amended hereby.


 


4.           Effect of Addendum. Upon
the effectiveness of this Addendum, each reference in the Option Agreement to “Agreement,” “Option Agreement,”
“hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to such
Option Agreement as modified or waived hereby.


 


5.           Termination
of Option Agreement. Except as specifically modified herein, the Option Agreement and the terms and conditions thereof
shall no longer remain in full force and effect.


 


6.           Effect of Facsimile and Photocopied
Signatures. This Addendum may be executed in several counterparts, each of which is an original. It shall not be necessary
in making proof of this Addendum or any counterpart hereof to produce or account for any of the other counterparts. A copy of
this Addendum signed by one Party and faxed to another Party shall be deemed to have been executed and delivered by the signing
Party as though an original. A photocopy of this Addendum shall be effective as an original for all purposes.


 


 


[REMAINDER OF THE PAGE INTENTIONALLY
LEFT BLANK;


 


PLEASE SEE FOLLOWING PAGE FOR SIGNATURE]


 


 


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SIGNATURE


 


IN WITNESS WHEREOF, the Parties hereto have
caused this ADDENDUM TO THE OPTION AGREEMENT to be executed as though executed as of the date first written above.


 


ICON VAPOR. INC., 


FORMERLY KNOWN AS MYEZSMOKES, INC.


(“COMPANY”)


 


	/s/ Daniel Balsiger	 
	Name: Daniel Balsiger	 
	Title:   Chief Executive Officer	 






 


KODIAK CAPITAL GROUP LLC


(“KODIAK”)


 


	/s/ Ryan Hodson	 
	Name: Ryan Hodson	 
	Title:   Chief Executive Officer	 





 


 


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to Option Agreement