ADDENDUM TO THE MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
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
Service AgreementService Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
This Agreement is made this 1st day of June 2011, between Ceiba Network UG (haftungsbeschränkt), having it’s principal place of business at Am Masling 54, 58456 Witten, Germany, and Kokomo Enterprises Inc. having their principal place of business at #1000 – 1177 West Hastings Street, Vancouver BC, V6E 2K3, Canada. In consideration of Kokomo Enterprises Inc. retaining Ceiba Network UG to conduct an independent service for Kokomo Enterprises Inc. it is agreed as follows:
INCENTIVE SHARE PURCHASE OPTION AGREEMENTIncentive Share Purchase Option Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
WHEREAS the Optionee is providing IR services in Germany to the Company and requires as a condition of providing its services to the Company that the parties enter into this Incentive Share Purchase Option Agreement on the terms and conditions hereinafter set forth:
ADDENDUM TO THE MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
THIS ADDENDUM TO THE MANAGEMENT SERVICES AGREEMENT (“the Addendum” or “this Addendum”) is entered into this 16tth day of February, 2012.
KOKOMO ENTERPRISES INC. LETTER OF INTENTLetter of Intent • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
Period Cash Payment in Canadian $ Kokomo Common Shares Issuances Annual Property Related Expenditures in Canadian $ Kokomo Earning Interest in NEWCO Cumulative Interest Earned ty Kokomo in NEWCO a) 5 Business days after the execution of the DPOA $32,500 750,000 N/A N/A N/A b) 1st Anniversary of the DPOA $165,000 750,000 $1,000,000 25% 25% c) 2nd Anniversary of the DPOA $250,000 1,500,000 $2,000,000 25% 50% d) 3rd Anniversary of the DPOA $350,000 4,000,000 $5,000,000 25% 75% GRAND TOTAL $797,500 7,000,000 $8,000,000 75% 75%
KOKOMO ENTERPRISES INC.Incentive Share Purchase Option Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
The object of this letter is to confirm our understanding that should Ceiba be unable to exercise its incentive stock options by the expiry date of the Incentive Option Agreement i.e., June 1, 2012 due to the trading price of Kokomo’s common shares being $0.15 per common share or being less than $0.15 per common share, then Kokomo shall be obligated to make a cash payment of US $3,250 to Ceiba as compensation for Ceiba’s services. For greater certainty, if during the twelve month period of the Incentive Option Agreement, Ceiba exercises all or part of its incentive stock options, then Ceiba shall not be entitled to receive any payment from Kokomo, and Kokomo shall not be obligated to make any payment to Ceiba.
