Document:

Ex. 10.9 Mgmt Assignmt (Oasis)

EXHIBIT 10.9

Freddie Mac Loan Number: 708636713
Property Name: The Oasis

ASSIGNMENT OF MANAGEMENT AGREEMENT AND 
SUBORDINATION OF MANAGEMENT FEES 
(Revised 3-1-2014)
THIS ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (“Assignment”) is made effective as of the 19th day of December, 2014, by and among STAR OASIS, LLC, a Delaware limited liability company, having its principal place of business at c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, California 92612 (“Borrower”), PNC BANK, NATIONAL ASSOCIATION, a national banking association, having an address at 26901 Agoura Road, Suite 200, Calabasas Hills, California 91301, Attention:  Loan Servicing Manager (“Lender”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation, having its principal place of business at c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, California 92612 (“Property Manager”).
RECITALS:
		
	A.
	Borrower has requested that Lender make a loan to Borrower in the amount of $28,000,000.00 (“Loan”). The Loan will be evidenced by a Multifamily Note from Borrower to Lender effective as of the date of this Assignment (“Note”). The Note is secured by, among other things, a Multifamily Loan and Security Agreement (“Loan Agreement”) and a Multifamily Deed of Trust, Assignment of Rents and Security Agreement (“Security Instrument”), dated as of the date of this Assignment, which grants Lender a first lien on the property encumbered by the Security Instrument (“Mortgaged Property”). The Note, the Loan Agreement, the Security Instrument, this Assignment and any of the other documents evidencing the Loan are collectively referred to as the “Loan Documents”. Other capitalized terms used but not defined in this Assignment will have the meanings given to those terms in the Loan Agreement.

		
	B.
	Pursuant to a Management Agreement between Borrower and Property Manager (“Management Agreement”) (a true and correct copy of which is attached as Exhibit B), Borrower employed Property Manager exclusively to lease, operate and manage the Mortgaged Property, and Property Manager is entitled to certain management fees (“Management Fees”) pursuant to the Management Agreement.

		
	C.
	Lender requires as a condition to the making of the Loan that Borrower assign the Management Agreement and that Property Manager subordinate its interest in the Management Fees in lien and payment to the Loan as set forth below.

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	 

For good and valuable consideration the parties agree as follows:
		
	1.
	Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”),  and the failure of Borrower to cure such Event of Default within any applicable grace period.

		
	2.
	Subordination of Management Fees. The Management Fees and all rights and privileges of Property Manager to the Management Fees are and will at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien and payment of the Loan Agreement, the Security Instrument, the Note, and the other Loan Documents, and to any renewals, extensions, modifications, assignments, replacements, or consolidations of the Loan Documents and the rights, privileges, and powers of Lender under the Note, the Loan Agreement, the Security Instrument, or any of the other Loan Documents.

		
	3.
	Estoppel. Property Manager and Borrower represent and warrant that all of the following are true as of the date of this Assignment:

		
	(a)
	The Management Agreement is in full force and effect and has not been modified, amended or assigned other than pursuant to this Assignment.

		
	(b)
	Neither Property Manager nor Borrower is in default under any of the terms, covenants or provisions of the Management Agreement and Property Manager knows of no event which, but for the passage of time or the giving of notice or both, would constitute an event of default under the Management Agreement. 

		
	(c)
	Neither Property Manager nor Borrower has commenced any action or given or received any notice for the purpose of terminating the Management Agreement.

		
	(d) 
	The Management Fees and all other sums due and payable to the Property Manager under the Management Agreement have been paid in full.

		
	4.
	Agreement by Borrower and Property Manager. Borrower and Property Manager agree that if there is an Event of  Default by Borrower (continuing beyond any applicable grace period) under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents during the term of this Assignment or upon the occurrence of any event which would entitle Lender to terminate the Management Agreement in accordance with the terms of the Loan Documents, Lender may terminate the Management Agreement without payment of any cancellation fee or penalty and require Property Manager to transfer its responsibility for the management of the Mortgaged Property to a management company selected by Lender in Lender’s sole discretion, effective as of the date set forth in Lender’s notice to Property Manager. Following any such termination, Property Manager agrees to apply all rents, security deposits, issues, proceeds and profits of the Mortgaged Property in accordance with Lender’s written directions to Property Manager.

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 2

		
	5.
	Lender’s Right to Replace Property Manager. If Lender, in Lender’s reasonable discretion, at any time during the term of this Assignment, determines that the Mortgaged Property is not being managed in accordance with generally accepted management practices for properties similar to the Mortgaged Property, Lender will deliver written notice to Borrower and Property Manager, which notice will specify with particularity the grounds for Lender’s determination. If Lender reasonably determines that the conditions specified in Lender’s notice are not remedied to Lender’s reasonable satisfaction by Borrower or Property Manager within 30 days from receipt of such notice or that Borrower or Property Manager have failed to diligently undertake correcting such conditions within such 30‐day period, Lender may direct Borrower to terminate Property Manager as manager of the Mortgaged Property and terminate the Management Agreement without payment of any cancellation fee or penalty and to replace Property Manager with a management company acceptable to Lender in Lender’s sole discretion pursuant to a management agreement acceptable to Lender in Lender’s sole discretion.

		
	6.
	Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents. 

		
	7.
	Consent and Agreement by Property Manager. Property Manager acknowledges and consents to this Assignment and agrees that Property Manager will act in conformity with the provisions of this Assignment and Lender’s rights under this Assignment or otherwise related to the Management Agreement. If the responsibility for the management of the Mortgaged Property is transferred from Property Manager in accordance with the provisions of this Assignment, then Property Manager will fully cooperate in transferring its responsibility to a new management company and complete such transfer no later than 30 days from the date the Management Agreement is terminated. Further, Property Manager agrees as follows:

		
	(a) 
	It will not contest or impede the exercise by Lender of any right Lender has under or in connection with this Assignment.

		
	(b) 
	It will give at least 30 days prior written notice to Lender of its intention to terminate the Management Agreement or otherwise discontinue its management of the Mortgaged Property, in the manner provided for in this Assignment.

		
	(c) 
	It will not amend any of the provisions or terms of the Management Agreement without the prior consent of Lender.

		
	8.
	Termination. When the Loan is paid in full and the Security Instrument is released or assigned of record, this Assignment and all of Lender’s right, title and interest hereunder with respect to the Management Agreement will terminate.

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 3

		
	9.
	Notices.

		
	(a)
	All notices under or concerning this Assignment (“Notice”) will be in writing. Each Notice will be deemed given on the earliest to occur of:  (i) the date when the Notice is received by the addressee, (ii) the first Business Day after the Notice is delivered to a recognized overnight courier service, with arrangements made for payment of charges for next Business Day delivery, or (iii) the third Business Day after the Notice is deposited in the United States mail with postage prepaid, certified mail, return receipt requested. Addresses for Notice are as follows:

	
		
	If to Lender:
	26901 Agoura Road, Suite 200 
Calabasas Hills, California 91301 
Attention:  Loan Servicing Manager

	If to Borrower:
	c/o Steadfast Companies 
18100 Von Karman Avenue, Suite 500 
Irvine, California 92612 
Attention:  Ana Marie del Rio

	If to Property Manager:
	c/o Steadfast Companies 
18100 Von Karman Avenue, Suite 500 
Irvine, California 92612 
Attention:  Ana Marie del Rio

		
	(b)
	Any party to this Assignment may change the address to which Notices intended for it are to be directed by means of Notice given to the other parties in accordance with this Section 9. Each party agrees that it will not refuse or reject delivery of any Notice given in accordance with this Section 9, that it will acknowledge, in writing, the receipt of any Notice upon request by the other party and that any Notice rejected or refused by it will be deemed for purposes of this Section 9 to have been received by the rejecting party on the date so refused or rejected, as conclusively established by the records of the U.S. Postal Service or the courier service.

		
	10.
	Governing Law; Consent to Jurisdiction and Venue.

		
	(a)
	This Assignment will be construed in accordance with and governed by the laws of the Property Jurisdiction.

		
	(b)
	Borrower and Property Manager agree that any controversy arising under or in relation to this Assignment may be litigated in the Property Jurisdiction. The state and federal courts and authorities with jurisdiction in the Property Jurisdiction will have jurisdiction over all controversies that may arise under or in relation to this Assignment. Borrower and Property Manager irrevocably consent to service, jurisdiction and venue of such courts for any such litigation and waive any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise. However, nothing in this Section 10 is intended to limit Lender’s right to bring any suit, action or proceeding relating to matters under this Assignment in any court of any other jurisdiction.

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 4

		
	11.
	Captions, Cross References and Exhibits. The captions assigned to provisions of this Assignment are for convenience only and will be disregarded in construing this Assignment. Any reference in this Assignment to an “Exhibit” or a “Section,” unless otherwise explicitly provided, will be construed as referring, respectively, to an Exhibit attached to this Assignment or to a section of this Assignment. All Exhibits attached to or referred to in this Assignment are incorporated by reference into this Assignment.

		
	12.
	Number and Gender. Use of the singular in this Assignment includes the plural, use of the plural includes the singular, and use of one gender includes all other genders, as the context may require.

		
	13.
	No Partnership. This Assignment is not intended to, and will not, create a partnership or joint venture among the parties, and no party to this Assignment will have the power or authority to bind any other party except as explicitly provided in this Assignment.

		
	14.
	Severability. The invalidity or unenforceability of any provision of this Assignment will not affect the validity of any other provision, and all other provisions will remain in full force and effect.

		
	15.
	Entire Assignment. This Assignment contains the entire agreement among the parties as to the rights granted and the obligations assumed in this Assignment.

		
	16.
	No Waiver; No Remedy Exclusive. Any forbearance by a party to this Assignment in exercising any right or remedy given under this Assignment or existing at law or in equity will not constitute a waiver of or preclude the exercise of that or any other right or remedy. Unless otherwise explicitly provided, no remedy under this Assignment is intended to be exclusive of any other available remedy, but each remedy will be cumulative and will be in addition to other remedies given under this Assignment or existing at law or in equity.

		
	17.
	Third Party Beneficiaries. Neither any creditor of any party to this Assignment, nor any other person, is intended to be a third party beneficiary of this Assignment.

		
	18.
	Further Assurances and Corrective Instruments. To the extent permitted by law, the parties will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements to this Assignment and such further instruments as may reasonably be required for carrying out the intention of or facilitating the performance of this Assignment.

		
	19.
	Counterparts. This Assignment may be executed in multiple counterparts, each of which will constitute an original document and all of which together will constitute one agreement.

		
	20.
	Indemnity. By executing this Assignment Borrower agrees to indemnify and hold harmless Lender and its successors and assigns from and against any and all losses, claims, damages, liabilities and expenses including Attorneys’ Fees and Costs, which may be imposed or incurred in connection with this Assignment.

		
	21.
	Costs and Expenses. Wherever pursuant to this Assignment it is provided that Borrower will pay any costs and expenses, such costs and expenses will include Lender’s Attorneys’ Fees and Costs.

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 5

		
	22.
	Determinations by Lender. In any instance where the consent or approval of Lender may be given or is required, or where any determination, judgment or decision is to be rendered by Lender under this Assignment, the granting, withholding or denial of such consent or approval and the rendering of such determination, judgment or decision will be made or exercised by Lender (or its designated representative) at its sole and exclusive option and in its sole and absolute discretion and will be final and conclusive, except as may be otherwise expressly and specifically provided in this Assignment.

		
	23.
	Successors and Assigns. This Assignment will be binding upon and inure to the benefit of Borrower, Lender and Property Manager and their respective successors and assigns forever.

		
	24.
	Secondary Market.  Lender may sell, transfer and deliver the Note and assign the Loan Agreement, the Security Instrument, this Assignment and the other Loan Documents to one or more investors in the secondary mortgage market (“Investors”). In connection with such sale, Lender may retain or assign responsibility for servicing the Loan, including the Note, the Loan Agreement, the Security Instrument, this Assignment and the other Loan Documents, or may delegate some or all of such responsibility and/or obligations to a servicer including any subservicer or master servicer, on behalf of the Investors. All references to Lender in this Assignment will refer to and include any such servicer to the extent applicable.

		
	25.
	Attached Exhibit. The following Exhibit, if marked with an “X” in the space provided, is attached to this Assignment:  

| X |    Exhibit A     Modifications to Assignment of Management Agreement
| X |    Exhibit B     Management Agreement

IN WITNESS WHEREOF the undersigned have executed this Assignment as of the date and year first written above.

[END OF PAGE – SIGNATURES TO FOLLOW]

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 6

BORROWER:

STAR OASIS, LLC, a Delaware limited liability company

		
	By:
	Steadfast Apartment Advisor, LLC, a Delaware limited liability company, its Manager

	
				
	By:
	/s/ Kevin J. Keating
	 

	 
	Kevin J. Keating
	 

	 
	Treasurer
	 

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 7

LENDER:

PNC BANK, NATIONAL ASSOCIATION, a national banking association

	
				
	By:
	/s/ Kelli A. Tyler
	 

	 
	Kelli A. Tyler
	 

	 
	Vice President
	 

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 8

PROPERTY MANAGER:

STEADFAST MANAGEMENT COMPANY, INC., a California corporation

	
				
	By:
	/s/ Ana Marie del Rio

	 
	Name: Ana Marie del Rio

	 
	Title: Vice President

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page 9

EXHIBIT A

MODIFICATIONS TO ASSIGNMENT OF MANAGEMENT AGREEMENT

The following modifications are made to the text of the Assignment that precedes this Exhibit.

1.    Section 6 is deleted in its entirety and replaced with the following:

		
	6.
	Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents; provided, however, that nothing herein shall prevent Property Manager from terminating the Management Agreement in the event Property Manager is not paid all fees due to it under the Management Agreement.

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page A-1

        

EXHIBIT B 
 
MANAGEMENT AGREEMENT

See Attached

[INTENTIONALLY OMITTED]

	
			
	Assignment of Management Agreement and
	 

	Subordination of Management Fees
	Page B-1Exhibit
10.2

 

AMENDMENT
TO

CONSULTANT
AGREEMENT

 

This Amendment to Consultant Agreement is made
effective this 1st day of December, 2014 between Legendary Ventures Inc., a Nevada corporation (the "Company") with its
principal office at 5615 Doctor Peddle Cres Mississauga ON Canada and Zirex Consulting Inc. ("Zirex Consulting"), of
which Zeeshan Saeed ("Saeed") is the sole officer and director, with its principal office at 5633 Wells Pl Mississauga
ON Canada (the “Consultant”)

  

RECITALS

 

WHEREAS
the Company is in the business of providing pest control services and previously entered into that certain consultant agreement
dated June 1, 2014 with Saeed;

 

WHEREAS
Saeed has been performing certain services to the Company during the past six months, which services have been solely related
to the pest control industry and associated business operations of the Company, including administrative;

 

WHEREAS
the parties wish to define Saeed's specific services, which shall include consultant services provided to the Company regarding
the operational aspects of the Company

 

WHEREAS
 Saeed has administrative and managerial and corporate experience and through Zirex Consulting desires to provide consultant
services to the Company;

 

TERMS

 

In
consideration of the covenants and conditions contained herein, the Company and the Consultant, hereinafter sometimes referred
to as the “parties”, agree as follows:

 

1.
Term of Agreement. The term of this Agreement shall commence on the effective date of the Agreement (the "Effective Date")
and shall terminate three years from the Effective Date.

 

2.
Consulting and Support Services. (a) The Consultant shall perform certain consulting and support services to the Company relating
to the pest control industry including, but not limited, to: (i) providing managerial and administrative services; (ii) preparation
of business plan; and (iii) assistance with day-to-day operations.

 

3.
Compensation. As compensation for the Services to be provided by the Consultant, the Company shall: (i) pay Consultant a monthly
of $2,000; and (ii) issue to the Consultant an aggregate 1,000,000 shares of restricted common stock at a per share price of $0.01

 

4.
Representations, Warrants and Covenants of the Company. The Company represents and warrants and covenants to the Consultant
as follows:

 

(a)
The Company has the full authority, right, power and legal capacity to enter into this Agreement and to consummate the transactions
which are provided for herein. The execution of this Agreement by the Company and its delivery to the Consultant, and the consummation
by it of the transactions which are contemplated herein have been duly approved and authorized by all necessary action by the
Company's Board of Directors and no further authorization shall be necessary on the part of the Company for the performance and
consummation by the Company of the transactions which are contemplated by this Agreement.

 

    	1

    	 

    

 

(b)
The business and operations of the Company have been and are being conducted in all material respects in accordance with all applicable
laws, rules and regulations of all authorities which affect the Company or its properties, assets, businesses or prospects. The
performance of this Agreement shall not result in any breach of, or constitute a default under, or result in the imposition of
any lien or encumbrance upon any property of the Company or cause an acceleration under any arrangement, agreement or other instrument
to which the Company is a party or by which any of its assets are bound. The Company has performed in all respects all of its
obligations which are, as of the date of this Agreement, required to be performed by it pursuant to the terms of any such agreement,
contract or commitment.

 

5.
Representations, Warrants and Covenants of the Consultant. The Consultant represents and warrants and covenants to the Company
as follows:

 

(a)The Consultant has the full authority, right, power and legal capacity to enter into this Agreement and to consummate the
transactions which are provided for herein. The execution of this Agreement by the Consultant and its delivery to the Company,
and the consummation by it of the transactions which are contemplated herein have been duly approved and authorized by all necessary
action by the Consultant's Board of Directors and no further authorization shall be necessary on the part of the Consultant for
the performance and consummation by the Consultant of the transactions which are contemplated by this Agreement.

 

  (b) The Consultant acknowledges that none of the shares of common stock to be issued have been registered under the Securities Act of 1933, as amended (the "1933 Act"), or under any state securities or "blue sky" laws of any state of the United States, and are being offered only in a transaction not involving any public offering within the meaning of the 1933 Act, and, unless so registered, may not be offered or sold in the United States, except pursuant to an effective registration statement under the 1933 Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act, and in each case only in accordance with applicable state and provincial securities laws.

 

(c)
The Consultant acknowledges that the certificate evidencing the shares of common stock shall be restricted for a period of one
year under Rule 144. Such shares are eligible to be sold, assigned or transferred under Rule 144 (provided that the Consultant
provides the Company with reasonable assurances that such securities are eligible for sale, assignment or transfer under Rule
144 which shall include an opinion of counsel to the Consultant, in a generally acceptable form, to the effect that such sale,
assignment or transfer of the securities may be made without registration under the applicable requirements of the Securities
Act or if such legend is not required under applicable requirements of the Securities Act (including, without limitation, controlling
judicial interpretations and pronouncements issued by the SEC). 

 

    	2

    	 

    

 

6.
Confidentiality and Non-Disclosure. 

 

6.1
The Consultant hereby covenants, promises and agrees that it will be provided with confidential, proprietary and valuable information
by the Company about its clients, properties, prospects and financial circumstances from time to time during the currency of this
Agreement, in order to permit the Consultant to properly, effectively and efficiently carry out its tasks, duties and activities
hereunder. However, by providing such disclosure of Confidential Information to the Consultant, the Company relies on the Consultant
to hold such information as confidential and only disclose the same to those parties, whether directors, officers, employees,
agents, representatives or clients and contacts of the Consultant “who need to know”, in order that the Consultant
can carry out the objects of this Agreement as provided for herein and as communicated as between the Company and the Consultant
during the term of this Agreement. Due to the nature of the relationship of the Consultant to the Company no more precise limitations
can be placed on the Consultants use and disclosure of Confidential Information received from the Company pursuant hereto than
as described herein.

 

6.2
The general nature of the Agreement between the Parties is that the Consultant will act on the Company’s behalf in the promotion
of the Company’s interests. With the broad mandate and scope of this relationship the Company must rely on the fiduciary
duty of good faith that the Consultant owes the Company as provided under this Agreement when the Company is making disclosure
to the Consultant of Confidential Information about business opportunities and competitive advantages which the Company has cultivated
and developed. All Confidential Information disclosed to the Consultant is disclosed on the strict condition that the Consultant
will not now or at any future time use such Confidential Information received from the Company hereunder in any manner inconsistent
with the best interests of the Company, except with the express written permission of the Company. The result of these terms and
conditions of disclosure of Confidential Information to the Consultant by the Company is that the Consultant will:

 

(a)Only
disclose such Confidential Information on a “need to know” basis, but it will be up to the Consultant’s reasonable
discretion in acting on behalf of and in the best interests of the Company to determine what group or groups “need to know”
about such information pursuant to the nature and scope of this Agreement;

 

(b)The
disclosure of Confidential Information from the Company to the Consultant further to the intents and purposes of this Agreement
will prohibit the Consultant from directly or indirectly using the Confidential Information in a manner that is in conflict with
or contrary to the best interests of the Company, except with the Company’s written consent;

 

(c)The
Consultant will not use Confidential Information in a manner that in the view of the Company would constitute a direct or indirect
use for a purpose which is in competition with the best interests of the Company or would be a circumvention of the Company’s
right or interest in a particular business opportunity.

 

    	3

    	 

    

 

(d)The
meaning of Confidential Information (herein called “Confidential Information”) will include any information disclosed
by the Company that is declared by the Company either verbally or in writing, depending on the means of communication of such
Confidential Information by the Company to the Consultant and do not apply to any of the following circumstances:

 

	 	(i)	Information forming part of the public domain, which became such through no disclosure or breach of this Agreement on the Consultant’s behalf;
	 	 	 
	 	(ii)	Information which the Consultant can independently prove was received from a Third Party, which was legally entitled to disclose such information;
	 	 	 
	 	(iii)	Information which the Consultant is legally obligated to disclose in compliance with any applicable law, statute, regulation, order, ruling or directive of an official, tribunal or agency which is binding on the Consultant, provided that the Consultant must also provide the Company with notice of such disclosure at or before releasing or disclosing the Confidential Information to such official, tribunal or agency so that the Company is afforded an opportunity to file a written objection to such disclosure with such official, tribunal or agency.

 

6.3
The Consultant understands, acknowledges and agrees that the covenants to keep the Confidential Information confidential and not
disclose it to Third Parties, except in conformity with this Agreement, is necessary to protect the proprietary interests of Company
in such Confidential Information and a breach of these covenants would cause significant loss to the Company in regard to its
competitive advantage, market opportunities and financial investment associated with protection of its Confidential Information.

 

6.4
The Consultant further understands, acknowledges and agrees that a breach of these covenants of confidentiality and non-disclosure
will likely cause such irreparable harm to the Company that damages alone would be an inadequate remedy and the Consultant consents
and agrees such equitable remedies including injunctive relief against any further breach which are reasonably justified in addition
to any claim for damages based on a breach of the covenants of confidentiality and non-disclosure.

 

6.5
The parties mutually acknowledge, confirm and agree that the covenants of confidentiality and non-disclosure will survive
termination of this Agreement and will continue to bind the Consultant to protect the Company’s interest in such Confidential
Information disclosed pursuant hereto for a period of two year from the date of termination of this Agreement.

 

7.
General Provisions.

 

7.1
Attorneys' Fee. In the event of any arbitration between the parties, the prevailing party as defined by the arbitrator shall be
entitled to recover from the non-prevailing party any and all costs, including reasonable attorneys’ fees, incurred by the
prevailing party. Such relief shall be in addition to any other relief, award or damages to which the prevailing party may be
entitled.

 

    	4

    	 

    

 

7.2
Severability: If any provision of the Agreement or the application thereof to any person or circumstance shall be determined by
any Court of competent jurisdiction to be invalid or unenforceable to any extent, the remainder of the Agreement or the application
of such provision to such person or circumstance, other than those as to which it is so determined to be invalid or unenforceable,
shall not be affected thereby. Each provision hereof shall be valid and shall be enforced to the fullest extent permitted by law.

 

7.3
Governing Law/Venue/Arbitration: This Agreement shall be governed, construed and enforced in accordance with the laws of the Province
of Ontario.

 

7.4
Notices: All notices, demands, requests, consents and other communications hereunder shall be in writing and shall be sent by
registered or certified mail, return receipt requested, or by commercial courier or by facsimile transmission to the parities
at the addresses set forth in the preamble of this Agreement or to such other person and place as either party shall designate
by notice to the other party in writing.

 

7.5
Successors: This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective executors,
heirs, successors, trustees, and assigns.

 

IN WITNESS WHEREOF, the parties have executed this Amendment to Agreement as of
the last date noted below: 

 

	Date:
01 December, 2014.	Legendary Ventures Inc.
	 	 	 
	 	By:	/s/
    Zahoor Ahmad
	 	 	 
	 	Print
    Name/Title:	Zahoor Ahmad
	 	 	President & CEO
	 	 	 
	Date:
    01 December, 2014.	Zirex
Consulting Inc. 
	 	 	 
	 	By:	/s/
    Zeeshan Saeed
		 	 
	 	Print Name/Title:	
    Zeeshan Saeed
	 	 	President & CEO

 

 

5

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